Accumulated Other Comprehensive Income (Loss) by Component

9 Months Ended

Sep. 30, 2021

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		Net unrealized gains (losses) on other investments		Pension and postretirement benefits		Cumulative foreign currency translation adjustment		Total
Balance as of July 1, 2021	$	—	$	1,418	$	(829)	$	(80)	$	509
Other comprehensive income (loss) before reclassifications	—		(121)		(1)		(33)		(155)
Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $—, $(5), $2, $— and $(3)	—		17		(9)		—		8
Other comprehensive income (loss) net of tax (expense) benefit of $—, $37, $(2), $— and $35	—		(138)		8		(33)		(163)
Balance as of September 30, 2021	$	—	$	1,280	$	(821)	$	(113)	$	346


(In millions)	Net unrealized gains (losses) on investments with an allowance for credit losses		Net unrealized gains (losses) on other investments		Pension and postretirement benefits		Cumulative foreign currency translation adjustment		Total
Balance as of July 1, 2020	$	(9)	$	1,172	$	(815)	$	(194)	$	154
Other comprehensive income (loss) before reclassifications	2		231		(2)		37		268
Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $1, $(7), $2, $— and $(4)	(4)		24		(9)		—		11
Other comprehensive income (loss) net of tax (expense) benefit of $(1), $(56), $(3), $— and $(60)	6		207		7		37		257
Balance as of September 30, 2020	$	(3)	$	1,379	$	(808)	$	(157)	$	411


(In millions)	Net unrealized gains (losses) on investments with an allowance for credit losses		Net unrealized gains (losses) on other investments		Pension and postretirement benefits		Cumulative foreign currency translation adjustment		Total
Balance as of January 1, 2021	$	—	$	1,745	$	(848)	$	(94)	$	803
Other comprehensive income (loss) before reclassifications	(2)		(391)		(1)		(19)		(413)
Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $1, $(20), $7, $— and $(12)	(2)		74		(28)		—		44
Other comprehensive income (loss) net of tax (expense) benefit of $—, $124, $(7), $— and $117	—		(465)		27		(19)		(457)
Balance as of September 30, 2021	$	—	$	1,280	$	(821)	$	(113)	$	346


(In millions)	Net unrealized gains (losses) on investments with an allowance for credit losses		Net unrealized gains (losses) on other investments		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	(48)		374		(3)		(16)		307
Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $12, $(5), $7, $— and $14	(45)		20		(28)		—		(53)
Other comprehensive income (loss) net of tax (expense) benefit of $1, $(92), $(7), $— and $(98)	(3)		354		25		(16)		360
Balance as of September 30, 2020	$	(3)	$	1,379	$	(808)	$	(157)	$	411

Amounts reclassified from Accumulated other comprehensive income (loss) shown above are reported in Net income (loss) as follows:


Component of AOCI						Consolidated Statements of Operations Line Item Affected by Reclassifications
Net unrealized gains (losses) on investments with an allowance for credit 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