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BUSINESS SEGMENT AND FOREIGN INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
Information regarding operations by segment for the years ended December 31 follows:
(In millions)
2014
 
2013
 
2012
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Aflac Japan:
 
 
 
 
 
 
 
 
 
 
 
   Net earned premiums:
 
 
 
 
 
 
 
 
 
 
 
             Cancer
 
$
5,596

 
 
 
$
6,123

 
 
 
$
7,537

 
             Medical and other health
 
3,770

 
 
 
4,282

 
 
 
5,244

 
             Life insurance
 
4,495

 
 
 
4,577

 
 
 
4,370

 
   Net investment income
 
2,662

 
 
 
2,651

 
 
 
2,845

 
   Other income
 
32

 
 
 
55

 
 
 
57

 
               Total Aflac Japan
 
16,555

 
 
 
17,688

 
 
 
20,053

 
Aflac U.S.:
 
 
 
 
 
 
 
 
 
 
 
   Earned premiums:
 
 
 
 
 
 
 
 
 
 
 
             Accident/disability
 
2,303

 
 
 
2,284

 
 
 
2,213

 
             Cancer
 
1,279

 
 
 
1,283

 
 
 
1,282

 
             Other health
 
1,371

 
 
 
1,334

 
 
 
1,259

 
             Life insurance
 
258

 
 
 
252

 
 
 
242

 
   Net investment income
 
645

 
 
 
632

 
 
 
613

 
   Other income
 
3

 
 
 
6

 
 
 
19

 
               Total Aflac U.S.
 
5,859

 
 
 
5,791

 
 
 
5,628

 
Other business segments
 
43

 
 
 
49

 
 
 
46

 
               Total business segment revenues
 
22,457

 
 
 
23,528

 
 
 
25,727

 
Realized investment gains (losses)
 
171

(1) 
 
 
389

(1) 
 
 
(349
)
 
Corporate
 
281

 
 
 
302

 
 
 
269

 
Intercompany eliminations
 
(248
)
 
 
 
(308
)
 
 
 
(276
)
 
Other non-operating income (loss)
 
67

 
 
 
28

 
 
 
(7
)
 
           Total revenues
 
$
22,728

 
 
 
$
23,939

 
 
 
$
25,364

 

(1) Excluding a gain of $44 in 2014 and $10 in 2013 related to the interest rate component of the change in fair value of foreign currency swaps on notes payable which is classified as an operating gain when analyzing segment operations
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
(In millions)
2014
 
2013
 
2012
Pretax earnings:
 
 
 
 
 
 
 
 
 
 
 
Aflac Japan
 
$
3,458

 
 
 
$
3,628

 
 
 
$
3,904

 
Aflac U.S.
 
1,073

 
 
 
1,038

 
 
 
997

 
Other business segments
 
(2
)
 
 
 
(1
)
 
 
 
(3
)
 
    Total business segment pretax operating earnings
 
4,529

 
 
 
4,665

 
 
 
4,898

 
Interest expense, noninsurance operations
 
(198
)
 
 
 
(198
)
 
 
 
(184
)
 
Corporate and eliminations
 
(78
)
 
 
 
(68
)
 
 
 
(56
)
 
    Pretax operating earnings
 
4,253

 
 
 
4,399

 
 
 
4,658

 
Realized investment gains (losses)
 
171

(1) 
 
 
389

(1) 
 
 
(349
)
 
Other non-operating income (loss)
 
67

 
 
 
28

 
 
 
(7
)
 
    Total earnings before income taxes
 
$
4,491

 
 
 
$
4,816

 
 
 
$
4,302

 
Income taxes applicable to pretax operating earnings
 
$
1,456

 
 
 
$
1,512

 
 
 
$
1,561

 
Effect of foreign currency translation on operating earnings
 
(117
)
 
 
 
(357
)
 
 
 
8

 

(1) Excluding a gain of $44 in 2014 and $10 in 2013 related to the interest rate component of the change in fair value of foreign currency swaps on notes payable which is classified as an operating gain when analyzing segment operations

Reconciliation of Assets from Segment to Consolidated
Assets as of December 31 were as follows:
(In millions)
2014
 
2013
 
2012
Assets:
 
 
 
 
 
 
 
 
 
 
 
Aflac Japan
 
$
98,525

 
 
 
$
102,973

 
 
 
$
113,678

 
Aflac U.S.
 
18,383

 
 
 
16,112

 
 
 
16,122

 
Other business segments
 
128

 
 
 
155

 
 
 
154

 
    Total business segment assets
 
117,036

 
 
 
119,240

 
 
 
129,954

 
Corporate
 
24,636

 
 
 
19,909

 
 
 
20,318

 
Intercompany eliminations
 
(21,905
)
 
 
 
(17,842
)
 
 
 
(19,178
)
 
    Total assets
 
$
119,767

 
 
 
$
121,307

 
 
 
$
131,094

 
Foreign Currency Disclosure
Yen-Translation Effects: The following table shows the yen/dollar exchange rates used for or during the periods ended December 31. Exchange effects were calculated using the same yen/dollar exchange rate for the current year as for each respective prior year.
 
2014
 
2013
 
2012
Statements of Earnings:
 
 
 
 
 
 
 
 
 
 
 
Weighted-average yen/dollar exchange rate
 
105.46

 
 
 
97.54

 
 
 
79.81

 
Yen percent strengthening (weakening)
 
(7.5
)%
 
 
 
(18.2
)%
 
 
 
(.1
)%
 
Exchange effect on pretax operating earnings (in millions)
 
$
(180
)
 
 
 
$
(534
)
 
 
 
$
11

 


 
2014
 
2013
Balance Sheets:
 
 
 
 
 
 
 
Yen/dollar exchange rate at December 31
 
120.55

 
 
 
105.39

 
Yen percent strengthening (weakening)
 
(12.6
)%
 
 
 
(17.8
)%
 
Exchange effect on total assets (in millions)
 
$
(10,706
)
 
 
 
$
(17,836
)
 
Exchange effect on total liabilities (in millions)
 
(12,025
)
 
 
 
(19,806
)
 
Schedule of Intercompany Transfers of Funds
Information on transfers for each of the years ended December 31 is shown below. See Note 13 for information concerning restrictions on transfers from Aflac Japan.
(In millions)
2014
 
2013
 
2012
Management fees
 
$
39

 
 
 
$
37

 
 
 
$
30

 
Allocated expenses
 
71

 
 
 
74

 
 
 
58

 
Profit repatriation
 
1,704

 
 
 
771

 
 
 
422

 
Total transfers from Aflac Japan
 
$
1,814

 
 
 
$
882

 
 
 
$
510

 
Property, Plant and Equipment
Classes of property and equipment as of December 31 were as follows:
(In millions)
2014
 
2013
Property and equipment:
 
 
 
 
 
 
 
Land
 
$
168

 
 
 
$
168

 
Buildings
 
393

 
 
 
444

 
Equipment and furniture
 
305

 
 
 
329

 
Total property and equipment
 
866

 
 
 
941

 
Less accumulated depreciation
 
437

 
 
 
460

 
Net property and equipment
 
$
429

 
 
 
$
481