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BUSINESS SEGMENT INFORMATION - Operations by Segment - Pretax Earnings (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Segment Reporting, Reconciling Item for Adjusted Profit (Loss) from Segment to Consolidated [Line Items]    
Pretax adjusted earnings [1] $ 1,306 $ 1,183
Net investment gains (losses) [2],[3],[4],[5] 304 (448)
Other income (loss) (7) (15)
Earnings before income taxes 1,603 720
Income taxes applicable to pretax adjusted earnings 248 301
Effect of foreign currency translation on after tax adjusted earnings 13 9
Interest expense on debt 45 33
Aflac Japan    
Segment Reporting, Reconciling Item for Adjusted Profit (Loss) from Segment to Consolidated [Line Items]    
Pretax adjusted earnings [2],[5] 887 855
Hedge costs 19 55
Net interest cash flows from derivatives (8) (6)
Aflac U.S.    
Segment Reporting, Reconciling Item for Adjusted Profit (Loss) from Segment to Consolidated [Line Items]    
Pretax adjusted earnings 445 326
Corporate and other    
Segment Reporting, Reconciling Item for Adjusted Profit (Loss) from Segment to Consolidated [Line Items]    
Pretax adjusted earnings [3],[4] (26) 2
Hedge income 17 29
Gain (loss) on change in fair value of derivative, interest rate component $ 14 $ 16
[1] Includes $45 and $33 for the three-month periods ended March 31, 2021, and 2020, respectively, of interest expense on debt.
[2] Amortized hedge costs of $19 and $55 for the three-month periods ended March 31, 2021, and 2020, respectively, related to certain foreign currency exposure management strategies have been reclassified from net investment gains (losses) and reported as a deduction from net investment income when analyzing operations.
[3] A gain of $14 and $16 for the three-month periods ended March 31, 2021, and 2020, respectively, related to the interest rate component of the change in fair value of foreign currency swaps on notes payable has been reclassified from net investment gains (losses) and included in adjusted earnings when analyzing operations.
[4] Amortized hedge income of $17 and $29 for the three-month periods ended March 31, 2021, and 2020, respectively, related to certain foreign currency exposure management strategies has been reclassified from net investment gains (losses) and reported as an increase in net investment income when analyzing operations.
[5] Net interest cash flows from derivatives associated with certain investment strategies of $(8) and $(6) for the three-month periods ended March 31, 2021 and 2020, respectively, have been reclassified from net investment gains (losses) and included in adjusted earnings as a component of net investment income when analyzing operations.