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Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Treasury stock
Balance, beginning of period at Dec. 31, 2018 $ 23,462 $ 135 $ 2,177 $ 31,788 $ 2,151 $ (12,789)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 928 0 0 928 0 0
Unrealized foreign currency translation gains (losses) during period, net of income taxes (1) 0 0 0 (1) 0
Unrealized gains (losses) on fixed maturity securities during period, net of income taxes and reclassification adjustments 2,327 0 0 0 2,327 0
Unrealized gains (losses) on derivatives during period, net of income taxes (2) 0 0 0 (2) 0
Pension liability adjustment during period, net of income taxes 6 0 0 0 6 0
Dividends to shareholders (203) 0 0 (203) 0 0
Exercise of stock options 11 0 11 0 0 0
Share-based compensation 8 0 8 0 0 0
Purchases of treasury stock (517) 0 0 0 0 (517)
Treasury stock reissued 30 0 12 0 0 18
Balance, end of period at Mar. 31, 2019 26,049 135 2,208 32,513 4,481 (13,288)
Balance, beginning of period at Dec. 31, 2019 28,959 135 2,313 34,291 6,615 (14,395)
Cumulative effect of change in accounting principle, net of income taxes (Accounting Standards Update 2016-13) at Dec. 31, 2019 [1] (56) 0 0 (56) 0 0
Cumulative effect of change in accounting principle, net of income taxes (Accounting Standards Update 2019-04) at Dec. 31, 2019 [1] 848 0 0 0 848 0
Adjusted balance, beginning of period at Dec. 31, 2019 29,751 135 2,313 34,235 7,463 (14,395)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 566 0 0 566 0 0
Unrealized foreign currency translation gains (losses) during period, net of income taxes 80 0 0 0 80 0
Unrealized gains (losses) on fixed maturity securities during period, net of income taxes and reclassification adjustments (3,353) 0 0 0 (3,353) 0
Unrealized gains (losses) on derivatives during period, net of income taxes (2) 0 0 0 (2) 0
Pension liability adjustment during period, net of income taxes 0 0 0 0 0 0
Dividends to shareholders (202) 0 0 (202) 0 0
Exercise of stock options 5 0 5 0 0 0
Share-based compensation 7 0 7 0 0 0
Purchases of treasury stock (476) 0 0 0 0 (476)
Treasury stock reissued 26 0 9 0 0 17
Balance, end of period at Mar. 31, 2020 $ 26,402 $ 135 $ 2,334 $ 34,599 $ 4,188 $ (14,854)
[1] See Note 1 of the Notes to the Consolidated Financial Statements for the adoption of accounting guidance on January 1, 2020