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SHAREHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2021
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS’ EQUITY
The following table is a reconciliation of the number of shares of the Company's common stock for the six-month periods ended June 30.
(In thousands of shares)20212020
Common stock - issued:
Balance, beginning of period1,351,018 1,349,309 
Exercise of stock options and issuance of restricted shares1,374 1,426 
Balance, end of period1,352,392 1,350,735 
Treasury stock:
Balance, beginning of period658,564 622,516 
Purchases of treasury stock:
Share repurchase program22,614 15,193 
Other381 521 
Dispositions of treasury stock:
Shares issued to AFL Stock Plan(717)(1,116)
Exercise of stock options(223)(45)
Other(217)(242)
Balance, end of period680,402 636,827 
Shares outstanding, end of period671,990 713,908 

Outstanding share-based awards are excluded from the calculation of weighted-average shares used in the computation of basic earnings per share (EPS). 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
June 30,		Six Months Ended
June 30,
(In thousands)2021202020212020
Anti-dilutive share-based awards0 1,257 1 989 

Share Repurchase Program

During the first six months of 2021, the Company repurchased 22.6 million shares of its common stock for $1.2 billion as part of its share repurchase program. During the first six months of 2020, the Company repurchased 15.2 million shares of its common stock for $637 million as part of its share repurchase program. As of June 30, 2021, a remaining balance of 76.5 million shares of the Company's common stock was available for purchase under share repurchase authorizations by its board of directors.
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
June 30, 2021
(In millions)Unrealized Foreign
Currency Translation
Gains (Losses)		Unrealized
Gains (Losses)
on Fixed Maturity Securities		Unrealized
Gains (Losses)
on Derivatives		Pension
Liability
Adjustment		Total
Balance at March 31, 2021$(1,674)$8,794 $(33)$(280)$6,807 
Other comprehensive
   income (loss) before
   reclassification 		13 1,202 (1)(6)1,208 
Amounts reclassified from
   accumulated other
   comprehensive income
  (loss)		0 (4)1 7 4 
Net current-period other
   comprehensive
   income (loss)		13 1,198 0 1 1,212 
Balance at June 30, 2021$(1,661)$9,992 $(33)$(279)$8,019 
All amounts in the table above are net of tax.

Three Months Ended
June 30, 2020
(In millions)Unrealized Foreign
Currency Translation
Gains (Losses)		Unrealized
Gains (Losses)
on Fixed Maturity Securities		Unrealized
Gains (Losses)
on Derivatives		Pension Liability AdjustmentTotal
Balance at March 31, 2020$(1,543)$6,043 $(35)$(277)$4,188 
Other comprehensive
   income (loss) before
   reclassification		74 2,433 (1)(5)2,501 
Amounts reclassified from
   accumulated other
   comprehensive income
  (loss)		0 56 0 5 61 
Net current-period other
   comprehensive
   income (loss)		74 2,489 (1)0 2,562 
Balance at June 30, 2020$(1,469)$8,532 $(36)$(277)$6,750 
All amounts in the table above are net of tax.
Six Months Ended
June 30, 2021
(In millions)Unrealized Foreign
Currency Translation
Gains (Losses)		Unrealized
Gains (Losses)
on Fixed Maturity Securities		Unrealized
Gains (Losses)
on Derivatives		Pension
Liability
Adjustment		Total
Balance at December 31, 2020$(1,109)$10,361 $(34)$(284)$8,934 
Other comprehensive
   income (loss) before
   reclassification 		(552)(381)(1)(10)(944)
Amounts reclassified from
   accumulated other
   comprehensive income
  (loss)		0 12 2 15 29 
Net current-period other
   comprehensive
   income (loss)		(552)(369)1 5 (915)
Balance at June 30, 2021$(1,661)$9,992 $(33)$(279)$8,019 
All amounts in the table above are net of tax.

Six Months Ended
June 30, 2020
(In millions)Unrealized Foreign
Currency Translation
Gains (Losses)		Unrealized
Gains (Losses)
on Fixed Maturity Securities		Unrealized
Gains (Losses)
on Derivatives		Pension Liability AdjustmentTotal
Balance at December 31, 2019$(1,623)$8,548 $(33)$(277)$6,615 
Cumulative effect of change
   in accounting principle -
   ASU 2019-04		0 848 0 0 848 
Balance at January 1, 2020$(1,623)$9,396 $(33)$(277)$7,463 
Other comprehensive
   income (loss) before
   reclassification		154 (975)(3)(11)(835)
Amounts reclassified from
   accumulated other
   comprehensive income
  (loss)		0 111 0 11 122 
Net current-period other
   comprehensive
   income (loss)		154 (864)(3)0 (713)
Balance at June 30, 2020$(1,469)$8,532 $(36)$(277)$6,750 
All amounts in the table above are net of tax.

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
June 30, 2021
Details about Accumulated Other Comprehensive Income ComponentsAmount Reclassified from Accumulated Other Comprehensive IncomeAffected Line Item in the
Statements of Earnings
Unrealized gains (losses) on available-for-sale
   securities		$5 Net investment gains (losses)
(1)
Tax (expense) or benefit(1)
$4 Net of tax
Unrealized gains (losses) on derivatives$(1)Net investment gains (losses)
0 
Tax (expense) or benefit(1)
$(1)Net of tax
Amortization of defined benefit pension items:
       Actuarial gains (losses)$(9)
Acquisition and operating expenses(2)
       Prior service (cost) credit0 
Acquisition and operating expenses(2)
2 
Tax (expense) or benefit(1)
$(7)Net of tax
Total reclassifications for the period$(4)Net of tax
(1) Based on 21% 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
June 30, 2020
Details about Accumulated Other Comprehensive Income ComponentsAmount Reclassified from Accumulated Other Comprehensive IncomeAffected Line Item in the
Statements of Earnings
Unrealized gains (losses) on available-for-sale
   securities		$(75)Net investment gains (losses)
19 
Tax (expense) or benefit(1)
$(56)Net of tax
Amortization of defined benefit pension items:
       Actuarial gains (losses)$(7)
Acquisition and operating expenses(2)
       Prior service (cost) credit0 
Acquisition and operating expenses(2)
2 
Tax (expense) or benefit(1)
$(5)Net of tax
Total reclassifications for the period$(61)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)Six Months Ended
June 30, 2021
Details about Accumulated Other Comprehensive Income ComponentsAmount Reclassified from Accumulated Other Comprehensive IncomeAffected Line Item in the
Statements of Earnings
Unrealized gains (losses) on available-for-sale
   securities		$(15)Net investment gains (losses)
3 
Tax (expense) or benefit(1)
$(12)Net of tax
Unrealized gains (losses) on derivatives$(2)Net investment gains (losses)
0 
Tax (expense) or benefit(1)
$(2)Net of tax
Amortization of defined benefit pension items:
       Actuarial gains (losses)$(19)
Acquisition and operating expenses(2)
Prior service (cost) credit0 
Acquisition and operating expenses(2)
4 
Tax (expense) or benefit(1)
$(15)Net of tax
Total reclassifications for the period$(29)Net of tax
(1) Based on 21% 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)Six Months Ended
June 30, 2020
Details about Accumulated Other Comprehensive Income ComponentsAmount Reclassified from Accumulated Other Comprehensive IncomeAffected Line Item in the
Statements of Earnings
Unrealized gains (losses) on available-for-sale
   securities		$(145)Net investment gains (losses)
34 
Tax (expense) or benefit(1)
$(111)Net of tax
Amortization of defined benefit pension items:
       Actuarial gains (losses)$(15)
Acquisition and operating expenses(2)
Prior service (cost) credit0 
Acquisition and operating expenses(2)
4 
Tax (expense) or benefit(1)
$(11)Net of tax
Total reclassifications for the period$(122)Net of tax
(1) Based on 23% 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).