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SHAREHOLDERS' EQUITY (Tables)
 3 Months Ended
Mar. 31, 2019
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)
2019
 
2018
Common stock - issued:
 
 
 
Balance, beginning of period
1,347,540

 
1,345,762

Exercise of stock options and issuance of restricted shares
1,060

 
1,014

Balance, end of period
1,348,600

 
1,346,776

Treasury stock:
 
 
 
Balance, beginning of period
592,254

 
564,852

Purchases of treasury stock:
 
 
 
Open market
10,237

 
6,640

Other
561

 
315

Dispositions of treasury stock:
 
 
 
Shares issued to AFL Stock Plan
(430
)
 
(384
)
Exercise of stock options
(231
)
 
(305
)
Other
(278
)
 
(99
)
Balance, end of period
602,113

 
571,019

Shares outstanding, end of period
746,487

 
775,757
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)
2019
 
2018
Anti-dilutive share-based awards
 
22

 
 
 
9

 
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, 2019
(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
 
$
(1,847
)
 
 
 
$
4,234

 
 
 
$
(24
)
 
 
 
$
(212
)
 
 
 
$
2,151

 
Other comprehensive
income (loss) before
reclassification
 
(1
)
 
 
 
2,340

 
 
 
(2
)
 
 
 
3

 
 
 
2,340

 
Amounts reclassified from
accumulated other
comprehensive income
(loss)
 
0

 
 
 
(13
)
 
 
 
0

 
 
 
3

 
 
 
(10
)
 
Net current-period other
comprehensive
income (loss)
 
(1
)
 
 
 
2,327

 
 
 
(2
)
 
 
 
6

 
 
 
2,330

 
Balance, end of period
 
$
(1,848
)
 
 
 
$
6,561

 
 
 
$
(26
)
 
 
 
$
(206
)
 
 
 
$
4,481

 

All amounts in the table above are net of tax.

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.
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, 2019
 
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
 
 
17

 
Other gains (losses)
 
 
17

 
Total before tax
 
 
(4
)
 
Tax (expense) or benefit(1)
 
 
$
13

 
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
 
$
10

 
Net of tax

(1) Based on 25% blended 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
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
 
$
0

 
Other-than-temporary impairment
losses realized
 
 
2

 
Other gains (losses)
 
 
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 11 for additional details).