SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2017

Stockholders' Equity Note [Abstract]

Schedule of Common Stock Outstanding Roll Forward

The following table is a reconciliation of the number of shares of the Company's common stock for the six-month periods ended June 30.



(In thousands of shares)	2017		2016
Common stock - issued:
Balance, beginning of period	671,249		669,723
Exercise of stock options and issuance of restricted shares	788		1,041
Balance, end of period	672,037		670,764
Treasury stock:
Balance, beginning of period	265,439		245,343
Purchases of treasury stock:
Open market	11,155		16,026
Other	170		224
Dispositions of treasury stock:
Shares issued to AFL Stock Plan	(498	)	(594	)
Exercise of stock options	(206	)	(238	)
Other	(22	)	(112	)
Balance, end of period	276,038		260,649
Shares outstanding, end of period	395,999		410,115

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the approximate number of share-based awards to purchase shares, on a weighted-average basis, that were considered to be anti-dilutive and were excluded from the calculation of diluted earnings per share for the following periods.



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2017		2016		2017		2016
Anti-dilutive share-based awards		419		696		370		1,689

Schedule of Accumulated Other Comprehensive Income (Loss)

Reclassifications from Accumulated Other Comprehensive Income

The tables below are reconciliations of accumulated other comprehensive income by component for the following periods.

Changes in Accumulated Other Comprehensive Income



Three Months Ended June 30, 2017
(In millions)	Unrealized Foreign Currency Translation Gains (Losses)				Unrealized Gains (Losses) on Investment Securities			Unrealized Gains (Losses) on Derivatives				Pension Liability Adjustment				Total
Balance, beginning of period		$	(1,650	)		$	4,474		$	(22	)		$	(170	)		$	2,632
Other comprehensive income (loss) before reclassification		70				698			(1		)		(2		)		765
Amounts reclassified from accumulated other comprehensive income (loss)		0				1			0				3				4
Net current-period other comprehensive income (loss)		70				699			(1		)		1				769
Balance, end of period		$	(1,580	)		$	5,173		$	(23	)		$	(169	)		$	3,401

All amounts in the table above are net of tax.



Three Months Ended June 30, 2016
(In millions)	Unrealized Foreign Currency Translation Gains (Losses)				Unrealized Gains (Losses) on Investment Securities			Unrealized Gains (Losses) on Derivatives				Pension Liability Adjustment				Total
Balance, beginning of period		$	(1,584	)		$	4,684		$	(24	)		$	(140	)		$	2,936
Other comprehensive income (loss) before reclassification		737				1,750			5				(4		)		2,488
Amounts reclassified from accumulated other comprehensive income (loss)		0				7			0				1				8
Net current-period other comprehensive income (loss)		737				1,757			5				(3		)		2,496
Balance, end of period		$	(847	)		$	6,441		$	(19	)		$	(143	)		$	5,432

All amounts in the table above are net of tax.



Six Months Ended June 30, 2017
(In millions)	Unrealized Foreign Currency Translation Gains (Losses)				Unrealized Gains (Losses) on Investment Securities			Unrealized Gains (Losses) on Derivatives				Pension Liability Adjustment				Total
Balance, beginning of period		$	(1,983	)		$	4,805		$	(24	)		$	(168	)		$	2,630
Other comprehensive income (loss) before reclassification		403				357			1				(6		)		755
Amounts reclassified from accumulated other comprehensive income (loss)		0				11			0				5				16
Net current-period other comprehensive income (loss)		403				368			1				(1		)		771
Balance, end of period		$	(1,580	)		$	5,173		$	(23	)		$	(169	)		$	3,401

All amounts in the table above are net of tax.



Six Months Ended June 30, 2016
(In millions)	Unrealized Foreign Currency Translation Gains (Losses)				Unrealized Gains (Losses) on Investment Securities				Unrealized Gains (Losses) on Derivatives				Pension Liability Adjustment				Total
Balance, beginning of period		$	(2,196	)		$	2,986			$	(26	)		$	(139	)		$	625
Other comprehensive income (loss) before reclassification		1,349				3,498				7				(5		)		4,849
Amounts reclassified from accumulated other comprehensive income (loss)		0				(43		)		0				1				(42		)
Net current-period other comprehensive income (loss)		1,349				3,455				7				(4		)		4,807
Balance, end of period		$	(847	)		$	6,441			$	(19	)		$	(143	)		$	5,432

All amounts in the table above are net of tax.

Reclassification Out Of Accumulated Other Comprehensive Income

The tables below summarize the amounts reclassified from each component of accumulated other comprehensive income based on source for the following periods.

Reclassifications Out of Accumulated Other Comprehensive Income



(In millions)	Three Months Ended June 30, 2017
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income				Affected Line Item in the Statements of Earnings
Unrealized gains (losses) on available-for-sale securities		$	5		Sales and redemptions
		(6		)	Other-than-temporary impairment losses realized
		(1		)	Total before tax
		0			Tax (expense) or benefit⁽¹⁾
		$	(1	)	Net of tax
Amortization of defined benefit pension items:
Actuarial gains (losses)		$	(5	)	Acquisition and operating expenses⁽²⁾
Prior service (cost) credit		0			Acquisition and operating expenses⁽²⁾
		2			Tax (expense) or benefit⁽¹⁾
		$	(3	)	Net of tax
Total reclassifications for the period		$	(4	)	Net of tax

⁽¹⁾Based on 35% tax rate

⁽²⁾These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 11 for additional details).



(In millions)	Three Months Ended June 30, 2016
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income				Affected Line Item in the Statements of Earnings
Unrealized gains (losses) on available-for-sale securities		$	22		Sales and redemptions
		(33		)	Other-than-temporary impairment losses realized
		(11		)	Total before tax
		4			Tax (expense) or benefit⁽¹⁾
		$	(7	)	Net of tax
Amortization of defined benefit pension items:
Actuarial gains (losses)		$	(5	)	Acquisition and operating expenses⁽²⁾
Prior service (cost) credit		3			Acquisition and operating expenses⁽²⁾
		1			Tax (expense) or benefit⁽¹⁾
		$	(1	)	Net of tax
Total reclassifications for the period		$	(8	)	Net of tax

⁽¹⁾Based on 35% tax rate

⁽²⁾These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 11 for additional details)



(In millions)	Six Months Ended June 30, 2017
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income				Affected Line Item in the Statements of Earnings
Unrealized gains (losses) on available-for-sale securities		$	(1	)	Sales and redemptions
		(16		)	Other-than-temporary impairment losses realized
		(17		)	Total before tax
		6			Tax (expense) or benefit⁽¹⁾
		$	(11	)	Net of tax
Amortization of defined benefit pension items:
Actuarial gains (losses)		$	(8	)	Acquisition and operating expenses⁽²⁾
Prior service (cost) credit		0			Acquisition and operating expenses⁽²⁾
		3			Tax (expense) or benefit⁽¹⁾
		$	(5	)	Net of tax
Total reclassifications for the period		$	(16	)	Net of tax

⁽¹⁾Based on 35% tax rate

⁽²⁾These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 11 for additional details).



(In millions)	Six Months Ended June 30, 2016
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income				Affected Line Item in the Statements of Earnings
Unrealized gains (losses) on available-for-sale securities		$	113		Sales and redemptions
		(47		)	Other-than-temporary impairment losses realized
		66			Total before tax
		(23		)	Tax (expense) or benefit⁽¹⁾
		$	43		Net of tax
Amortization of defined benefit pension items:
Actuarial gains (losses)		$	(8	)	Acquisition and operating expenses⁽²⁾
Prior service (cost) credit		6			Acquisition and operating expenses⁽²⁾
		1			Tax (expense) or benefit⁽¹⁾
		$	(1	)	Net of tax
Total reclassifications for the period		$	42		Net of tax

⁽¹⁾Based on 35% tax rate

⁽²⁾These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 11 for additional details).