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Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Cumulative effect, period of adoption, adjustment
Cumulative effect, period of adoption, adjusted balance
Common stock
Common stock
Cumulative effect, period of adoption, adjustment
Common stock
Cumulative effect, period of adoption, adjusted balance
Additional paid-in capital
Additional paid-in capital
Cumulative effect, period of adoption, adjustment
Additional paid-in capital
Cumulative effect, period of adoption, adjusted balance
Retained earnings
Retained earnings
Cumulative effect, period of adoption, adjustment
Retained earnings
Cumulative effect, period of adoption, adjusted balance
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss)
Cumulative effect, period of adoption, adjustment
Accumulated other comprehensive income (loss)
Cumulative effect, period of adoption, adjusted balance
Treasury stock
Treasury stock
Cumulative effect, period of adoption, adjustment
Treasury stock
Cumulative effect, period of adoption, adjusted balance
Balance, beginning of period at Dec. 31, 2017 $ 24,598   $ 24,598 $ 135   $ 135 $ 2,052   $ 2,052 $ 29,895   $ 29,669 $ 4,028   $ 4,254 $ (11,512)   $ (11,512)
Balance, beginning of period (Accounting Standards Update 2016-01) at Dec. 31, 2017 [1]   $ 0     $ 0     $ 0     $ 148     $ (148)     $ 0  
Balance, beginning of period (Accounting Standards Update 2018-02) at Dec. 31, 2017 [1]   0     0     0     (374)     374     0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net earnings 2,920     0     0     2,920     0     0    
Unrealized foreign currency translation gains (losses) during period, net of income taxes 228     0     0     0     228     0    
Unrealized gains (losses) on fixed maturity securities during the period, net of income taxes and reclassification adjustments (2,316)     0     0     0     (2,316)     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 (17)     0     0     0     (17)     0    
Dividends to shareholders (801)     0     0     (801)     0     0    
Exercise of stock options 34     0     34     0     0     0    
Share-based compensation 54     0     54     0     0     0    
Purchases of treasury stock (1,317)     0     0     0     0     (1,317)    
Treasury stock reissued 77     0     37     0     0     40    
Balance, end 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 3,304     0     0     3,304     0     0    
Unrealized foreign currency translation gains (losses) during period, net of income taxes 224     0     0     0     224     0    
Unrealized gains (losses) on fixed maturity securities during the period, net of income taxes and reclassification adjustments 4,314     0     0     0     4,314     0    
Unrealized gains (losses) on derivatives during period, net of income taxes (9)     0     0     0     (9)     0    
Pension liability adjustment during period, net of income taxes (65)     0     0     0     (65)     0    
Dividends to shareholders (801)     0     0     (801)     0     0    
Exercise of stock options 29     0     29     0     0     0    
Share-based compensation 54     0     54     0     0     0    
Purchases of treasury stock (1,656)     0     0     0     0     (1,656)    
Treasury stock reissued 103     0     53     0     0     50    
Balance, end of period at Dec. 31, 2019 28,959   $ 29,751 135   $ 135 2,313   $ 2,313 34,291   $ 34,235 6,615   $ 7,463 (14,395)   $ (14,395)
Balance, end of period (Accounting Standards Update 2016-13) at Dec. 31, 2019 [2]   (56)     0     0     (56)     0     0  
Balance, end of period (Accounting Standards Update 2019-04) at Dec. 31, 2019 [2]   $ 848     $ 0     $ 0     $ 0     $ 848     $ 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net earnings 4,778     0     0     4,778     0     0    
Unrealized foreign currency translation gains (losses) during period, net of income taxes 514     0     0     0     514     0    
Unrealized gains (losses) on fixed maturity securities during the period, net of income taxes and reclassification adjustments 965     0     0     0     965     0    
Unrealized gains (losses) on derivatives during period, net of income taxes (1)     0     0     0     (1)     0    
Pension liability adjustment during period, net of income taxes (7)     0     0     0     (7)     0    
Dividends to shareholders (1,029)     0     0     (1,029)     0     0    
Exercise of stock options 12     0     12     0     0     0    
Share-based compensation 53     0     53     0     0     0    
Purchases of treasury stock (1,565)     0     0     0     0     (1,565)    
Treasury stock reissued 88     0     32     0     0     56    
Balance, end of period at Dec. 31, 2020 $ 33,559     $ 135     $ 2,410     $ 37,984     $ 8,934     $ (15,904)    
[1] See Note 1 of the Notes to the Consolidated Financial Statements for the adoption of accounting guidance on January 1, 2018.
[2] See Note 1 of the Notes to the Consolidated Financial Statements for the adoption of accounting guidance on January 1, 2020.