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SHAREHOLDERS' EQUITY (Tables)
 3 Months Ended
Mar. 31, 2018
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 three-month periods ended March 31.
(In thousands of shares)
2018
 
2017
Common stock - issued:
 
 
 
Balance, beginning of period
1,345,762

 
1,342,498

Exercise of stock options and issuance of restricted shares
1,014

 
868

Balance, end of period
1,346,776

 
1,343,366

Treasury stock:
 
 
 
Balance, beginning of period
564,852

 
530,877

Purchases of treasury stock:
 
 
 
Open market
6,640

 
16,986

Other
315

 
288

Dispositions of treasury stock:
 
 
 
Shares issued to AFL Stock Plan
(384
)
 
(494
)
Exercise of stock options
(305
)
 
(256
)
Other
(99
)
 
(40
)
Balance, end of period
571,019

 
547,361

Shares outstanding, end of period
775,757

 
796,005
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
March 31,
 
(In thousands)
2018
 
2017
Anti-dilutive share-based awards
 
9

 
 
 
642

 
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
March 31, 2018
(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
 
$
(1,750
)
 
 
 
$
5,964

 
 
 
$
(23
)
 
 
 
$
(163
)
 
 
 
$
4,028

 
Other comprehensive
income (loss) before
reclassification
 
447

 
 
 
(983
)
 
 
 
2

 
 
 
(37
)
 
 
 
(571
)
 
Amounts reclassified from
accumulated other
comprehensive income
(loss)
 
0

 
 
 
225

(1) 
 
 
0

 
 
 
3

 
 
 
228

 
Net current-period other
comprehensive
income (loss)
 
447

 
 
 
(758
)
 
 
 
2

 
 
 
(34
)
 
 
 
(343
)
 
Balance, end of period
 
$
(1,303
)
 
 
 
$
5,206

 
 
 
$
(21
)
 
 
 
$
(197
)
 
 
 
$
3,685

 

(1) Includes amounts reclassified due to changes in accounting principles of $(148) related to financial instruments and $374 related to tax effects from tax reform
All amounts in the table above are net of tax.

Three Months Ended
March 31, 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
 
333

 
 
 
(341
)
 
 
 
2

 
 
 
(4
)
 
 
 
(10
)
 
Amounts reclassified from
accumulated other
comprehensive income
(loss)
 
0

 
 
 
10

 
 
 
0

 
 
 
2

 
 
 
12

 
Net current-period other
comprehensive
income (loss)
 
333

 
 
 
(331
)
 
 
 
2

 
 
 
(2
)
 
 
 
2

 
Balance, end of period
 
$
(1,650
)
 
 
 
$
4,474

 
 
 
$
(22
)
 
 
 
$
(170
)
 
 
 
$
2,632

 
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 into net earnings for the following periods.

Reclassifications Out of Accumulated Other Comprehensive Income
(In millions)
Three Months Ended
March 31, 2018
 
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
 
$
2

 
Sales and redemptions
 
 
0

 
Other-than-temporary impairment
losses realized
 
 
2

 
Total before tax
 
 
(1
)
 
Tax (expense) or benefit(1)
 
 
$
1

 
Net of tax
Amortization of defined benefit pension items:
 
 
 
 
       Actuarial gains (losses)
 
$
(4
)
 
Acquisition and operating expenses(2)
       Prior service (cost) credit
 
0

 
Acquisition and operating expenses(2)
 
 
1

 
Tax (expense) or benefit(1)
 
 
$
(3
)
 
Net of tax
Total reclassifications for the period
 
$
(2
)
 
Net of tax
(1) Based on 27% blended tax rate
(2) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 12 for additional details).

(In millions)
Three Months Ended
March 31, 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
 
$
(6
)
 
Sales and redemptions
 
 
(10
)
 
Other-than-temporary impairment
losses realized
 
 
(16
)
 
Total before tax
 
 
6

 
Tax (expense) or benefit(1)
 
 
$
(10
)
 
Net of tax
Amortization of defined benefit pension items:
 
 
 
 
       Actuarial gains (losses)
 
$
(3
)
 
Acquisition and operating expenses(2)
       Prior service (cost) credit
 
0

 
Acquisition and operating expenses(2)
 
 
1

 
Tax (expense) or benefit(1)
 
 
$
(2
)
 
Net of tax
Total reclassifications for the period
 
$
(12
)
 
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 12 for additional details)