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Accumulated Other Comprehensive Income (Loss) by Component (Tables)
 6 Months Ended
Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) by Component
The tables below display the changes in Accumulated other comprehensive income (loss) by component.
(In millions)
Net unrealized gains (losses) on investments with an allowance for credit losses(1)
 
Net unrealized gains (losses) on other investments(1)
 
Pension and postretirement benefits
 
Cumulative foreign currency translation adjustment
 
Total
Balance as of April 1, 2020
$
(11
)
 
$
(19
)
 
$
(822
)
 
$
(218
)
 
$
(1,070
)
Other comprehensive income (loss) before reclassifications
(2
)
 
1,209

 
(2
)
 
24

 
1,229

Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $1, $(4), $2, $- and $(1)
(4
)
 
18

 
(9
)
 
—

 
5

Other comprehensive income (loss) net of tax (expense) benefit of $(1), $(317), $(1), $- and $(319)
2

 
1,191

 
7

 
24

 
1,224

Balance as of June 30, 2020
$
(9
)
 
$
1,172

 
$
(815
)
 
$
(194
)
 
$
154

(In millions)
Net unrealized gains (losses) on investments with OTTI losses(1)
 
Net unrealized gains (losses) on other investments(1)
 
Pension and postretirement benefits
 
Cumulative foreign currency translation adjustment
 
Total
Balance as of April 1, 2019
$
20

 
$
587

 
$
(768
)
 
$
(163
)
 
$
(324
)
Other comprehensive income (loss) before reclassifications
(1
)
 
434

 
—

 
—

 
433

Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $-, $-, $2, $- and $2
(1
)
 
(2
)
 
(8
)
 
—

 
(11
)
Other comprehensive income (loss) net of tax (expense) benefit of $(1), $(114), $(2), $- and $(117)
—

 
436

 
8

 
—

 
444

Balance as of June 30, 2019
$
20

 
$
1,023

 
$
(760
)
 
$
(163
)
 
$
120


(1)
As of January 1, 2020, the Company adopted ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The Net unrealized gains (losses) on investments with OTTI losses column that tracked the change in unrealized gains (losses) on investments with OTTI losses has been replaced with the Net unrealized gains (losses) on investments with an allowance for credit losses column. The balances previously reported in the Net unrealized gains (losses) on investments with OTTI losses column are now reported in the Net unrealized gains (losses) on other investments column.





(In millions)
Net unrealized gains (losses) on investments with an allowance for credit losses(1)
 
Net unrealized gains (losses) on other investments(1)
 
Pension and postretirement benefits
 
Cumulative foreign currency translation adjustment
 
Total
Balance as of January 1, 2020
$
—

 
$
1,025

 
$
(833
)
 
$
(141
)
 
$
51

Other comprehensive income (loss) before reclassifications
(50
)
 
143

 
(1
)
 
(53
)
 
39

Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $11, $2, $5, $- and $18
(41
)
 
(4
)
 
(19
)
 
—

 
(64
)
Other comprehensive income (loss) net of tax (expense) benefit of $2, $(36), $(4), $- and $(38)
(9
)
 
147

 
18

 
(53
)
 
103

Balance as of June 30, 2020
$
(9
)
 
$
1,172

 
$
(815
)
 
$
(194
)
 
$
154

(In millions)
Net unrealized gains (losses) on investments with OTTI losses(1)
 
Net unrealized gains (losses) on other investments(1)
 
Pension and postretirement benefits
 
Cumulative foreign currency translation adjustment
 
Total
Balance as of January 1, 2019
$
16

 
$
61

 
$
(775
)
 
$
(180
)
 
$
(878
)
Other comprehensive income (loss) before reclassifications
3

 
955

 
(1
)
 
17

 
974

Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $-, $1, $4, $- and $5
(1
)
 
(7
)
 
(16
)
 
—

 
(24
)
Other comprehensive income (loss) net of tax (expense) benefit of $(2), $(255), $(4), $- and $(261)
4

 
962

 
15

 
17

 
998

Balance as of June 30, 2019
$
20

 
$
1,023

 
$
(760
)
 
$
(163
)
 
$
120

(1)
As of January 1, 2020, the Company adopted ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The Net unrealized gains (losses) on investments with OTTI losses column that tracked the change in unrealized gains (losses) on investments with OTTI losses has been replaced with the Net unrealized gains (losses) on investments with an allowance for credit losses column. The balances previously reported in the Net unrealized gains (losses) on investments with OTTI losses column are now reported in the Net unrealized gains (losses) on other investments column.
Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from Accumulated other comprehensive income (loss) shown above are reported in Net income (loss) as follows:
Component of AOCI
 
Condensed Consolidated Statements of Operations Line Item Affected by Reclassifications
Net unrealized gains (losses) on investments with an allowance for credit losses, Net unrealized gains (losses) on investments with OTTI losses and Net unrealized gains (losses) on other investments
 
Net investment gains (losses)
Pension and postretirement benefits
 
Other operating expenses and Insurance claims and policyholders' benefits