Accumulated Other Comprehensive Income (Loss) by Component

12 Months Ended

Dec. 31, 2022

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 January 1, 2022	$	(2)	$	1,039	$	(604)	$	(113)	$	320
Other comprehensive income (loss) before reclassifications	—		(3,903)		(11)		(108)		(4,022)
Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $(1), $21, $6, $— and $26	5		(126)		(24)		—		(145)
Other comprehensive income (loss) net of tax (expense) benefit of $1, $1,007, $(3), $— and $1,005	(5)		(3,777)		13		(108)		(3,877)
Balance as of December 31, 2022	$	(7)	$	(2,738)	$	(591)	$	(221)	$	(3,557)


(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	(7)		(625)		207		(19)		(444)
Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $1, $(21), $10, $— and $(10)	(5)		81		(37)		—		39
Other comprehensive income (loss) net of tax (expense) benefit of $1, $188, $(65), $— and $124	(2)		(706)		244		(19)		(483)
Balance as of December 31, 2021	$	(2)	$	1,039	$	(604)	$	(113)	$	320

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