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Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2019
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
(Dollars in millions)
Three months ended March 31,
 
2019
 
 
2018
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Investments:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
46

 
$
9

 
$
37

 
 
$
3,540

 
$
733

 
$
2,807

Cumulative effect of change in accounting for equity securities as of January 1, 2018

 

 

 
 
(3,155
)
 
(652
)
 
(2,503
)
Adjusted AOCI, beginning of period
46

 
9

 
37

 
 
385

 
81

 
304

OCI before investment gains and losses, net, recognized in net income
244

 
51

 
193

 
 
(217
)
 
(45
)
 
(172
)
Investment gains and losses, net, recognized in net income
(2
)
 
(1
)
 
(1
)
 
 
(4
)
 
(1
)
 
(3
)
OCI
242

 
50

 
192

 
 
(221
)
 
(46
)
 
(175
)
AOCI, end of period
$
288

 
$
59

 
$
229

 
 
$
164

 
$
35

 
$
129

 
 
 
 
 
 
 
 
 
 
 
 
 
Pension obligations:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(16
)
 
$
(2
)
 
$
(14
)
 
 
$
(12
)
 
$
(1
)
 
$
(11
)
OCI excluding amortization recognized in net income

 

 

 
 

 

 

Amortization recognized in net income

 

 

 
 

 

 

OCI

 

 

 
 

 

 

AOCI, end of period
$
(16
)
 
$
(2
)
 
$
(14
)
 
 
$
(12
)
 
$
(1
)
 
$
(11
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Life deferred acquisition costs, life policy reserves and other:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(1
)
 
$

 
$
(1
)
 
 
$
(10
)
 
$
(2
)
 
$
(8
)
OCI before investment gains and losses, net, recognized in net income

 

 

 
 
6

 
1

 
5

Investment gains and losses, net, recognized in net income
(5
)
 
(1
)
 
(4
)
 
 

 

 

OCI
(5
)
 
(1
)
 
(4
)
 
 
6

 
1

 
5

AOCI, end of period
$
(6
)
 
$
(1
)
 
$
(5
)
 
 
$
(4
)
 
$
(1
)
 
$
(3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of AOCI:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
29

 
$
7

 
$
22

 
 
$
3,518

 
$
730

 
$
2,788

Cumulative effect of change in accounting for equity securities as of January 1, 2018

 

 

 
 
(3,155
)
 
(652
)
 
(2,503
)
Adjusted AOCI, beginning of period
29

 
7

 
22

 
 
363

 
78

 
285

Investments OCI
242

 
50

 
192

 
 
(221
)
 
(46
)
 
(175
)
Pension obligations OCI

 

 

 
 

 

 

Life deferred acquisition costs, life policy reserves and other OCI
(5
)
 
(1
)
 
(4
)
 
 
6

 
1

 
5

Total OCI
237

 
49

 
188

 
 
(215
)
 
(45
)
 
(170
)
AOCI, end of period
$
266

 
$
56

 
$
210

 
 
$
148

 
$
33

 
$
115