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SHAREHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 30, 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 nine-month periods ended September 30.
(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
1,614

 
2,840

Balance, end of period
1,347,376

 
1,345,338

Treasury stock:
 
 
 
Balance, beginning of period
564,852

 
530,877

Purchases of treasury stock:
 
 
 
Open market
20,443

 
27,796

Other
361

 
872

Dispositions of treasury stock:
 
 
 
Shares issued to AFL Stock Plan
(850
)
 
(1,392
)
Exercise of stock options
(430
)
 
(526
)
Other
(113
)
 
(39
)
Balance, end of period
584,263

 
557,588

Shares outstanding, end of period
763,113

 
787,750
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
September 30,
Nine Months Ended
September 30,
 
(In thousands)
2018
 
2017
2018
 
2017
Anti-dilutive share-based awards
 
46

 
 
 
532

 
 
34

 
 
 
670

 
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
September 30, 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
 
$
(1,766
)
 
 
 
$
4,836

 
 
 
$
(23
)
 
 
 
$
(195
)
 
 
 
$
2,852

 
Other comprehensive
income (loss) before
reclassification
 
(347
)
 
 
 
(569
)
 
 
 
(1
)
 
 
 
(2
)
 
 
 
(919
)
 
Amounts reclassified from
accumulated other
comprehensive income
(loss)
 
0

 
 
 
(27
)
 
 
 
0

 
 
 
3

 
 
 
(24
)
 
Net current-period other
comprehensive
income (loss)
 
(347
)
 
 
 
(596
)
 
 
 
(1
)
 
 
 
1

 
 
 
(943
)
 
Balance, end of period
 
$
(2,113
)
 
 
 
$
4,240

 
 
 
$
(24
)
 
 
 
$
(194
)
 
 
 
$
1,909

 

All amounts in the table above are net of tax.


Three Months Ended
September 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
 
$
(1,580
)
 
 
 
$
5,173

 
 
 
$
(23
)
 
 
 
$
(169
)
 
 
 
$
3,401

 
Other comprehensive
income (loss) before
reclassification
 
(135
)
 
 
 
296

 
 
 
0

 
 
 
(2
)
 
 
 
159

 
Amounts reclassified from
accumulated other
comprehensive income
(loss)
 
0

 
 
 
(32
)
 
 
 
0

 
 
 
3

 
 
 
(29
)
 
Net current-period other
comprehensive
income (loss)
 
(135
)
 
 
 
264

 
 
 
0

 
 
 
1

 
 
 
130

 
Balance, end of period
 
$
(1,715
)
 
 
 
$
5,437

 
 
 
$
(23
)
 
 
 
$
(168
)
 
 
 
$
3,531

 
All amounts in the table above are net of tax.

Nine Months Ended
September 30, 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

 
Cumulative effect of change
in accounting principle -
financial instruments
 
0

 
 
 
(148
)
 
 
 
0

 
 
 
0

 
 
 
(148
)
 
Cumulative effect of change
in accounting principle -
tax effects from tax reform
 
(325
)
 
 
 
734

 
 
 
(3
)
 
 
 
(32
)
 
 
 
374

 
Other comprehensive
income (loss) before
reclassification
 
(38
)
 
 
 
(2,302
)
 
 
 
2

 
 
 
(7
)
 
 
 
(2,345
)
 
Amounts reclassified from
accumulated other
comprehensive income
(loss)
 
0

 
 
 
(8
)
 
 
 
0

 
 
 
8

 
 
 
0

 
Net current-period other
comprehensive
income (loss)
 
(38
)
 
 
 
(2,310
)
 
 
 
2

 
 
 
1

 
 
 
(2,345
)
 
Balance, end of period
 
$
(2,113
)
 
 
 
$
4,240

 
 
 
$
(24
)
 
 
 
$
(194
)
 
 
 
$
1,909

 

All amounts in the table above are net of tax.

Nine Months Ended
September 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
 
268

 
 
 
653

 
 
 
1

 
 
 
(8
)
 
 
 
914

 
Amounts reclassified from
accumulated other
comprehensive income
(loss)
 
0

 
 
 
(21
)
 
 
 
0

 
 
 
8

 
 
 
(13
)
 
Net current-period other
comprehensive
income (loss)
 
268

 
 
 
632

 
 
 
1

 
 
 
0

 
 
 
901

 
Balance, end of period
 
$
(1,715
)
 
 
 
$
5,437

 
 
 
$
(23
)
 
 
 
$
(168
)
 
 
 
$
3,531

 
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
September 30, 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
 
$
0

 
Other-than-temporary impairment
losses realized
 
 
37

 
Other gains (losses)
 
 
37

 
Total before tax
 
 
(10
)
 
Tax (expense) or benefit(1)
 
 
$
27

 
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
 
$
24

 
Net of tax
(1) Based on 26% 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
September 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
 
$
(6
)
 
Other-than-temporary impairment
losses realized
 
 
56

 
Other gains (losses)
 
 
50

 
Total before tax
 
 
(18
)
 
Tax (expense) or benefit(1)
 
 
$
32

 
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
 
$
29

 
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).
(In millions)
Nine Months Ended
September 30, 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
)
 
Other-than-temporary impairment
losses realized
 
 
13

 
Other gains (losses)
 
 
11

 
Total before tax
 
 
(3
)
 
Tax (expense) or benefit(1)
 
 
$
8

 
Net of tax
Amortization of defined benefit pension items:
 
 
 
 
       Actuarial gains (losses)
 
$
(13
)
 
Acquisition and operating expenses(2)
Prior service (cost) credit
 
0

 
Acquisition and operating expenses(2)
 
 
5

 
Tax (expense) or benefit(1)
 
 
$
(8
)
 
Net of tax
Total reclassifications for the period
 
$
0

 
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)
Nine Months Ended
September 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
 
$
(23
)
 
Other-than-temporary impairment
losses realized
 
 
56

 
Other gains (losses)
 
 
33

 
Total before tax
 
 
(12
)
 
Tax (expense) or benefit(1)
 
 
$
21

 
Net of tax
Amortization of defined benefit pension items:
 
 
 
 
       Actuarial gains (losses)
 
$
(12
)
 
Acquisition and operating expenses(2)
Prior service (cost) credit
 
0

 
Acquisition and operating expenses(2)
 
 
4

 
Tax (expense) or benefit(1)
 
 
$
(8
)
 
Net of tax
Total reclassifications for the period
 
$
13

 
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).