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SHAREHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2022
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 years ended December 31.
(In thousands of shares)202220212020
Common stock - issued:
Balance, beginning of period1,352,7391,351,0181,349,309
Exercise of stock options and issuance of restricted shares1,3401,7211,709
Balance, end of period1,354,0791,352,7391,351,018
Treasury stock:
Balance, beginning of period700,607658,564622,516
Purchases of treasury stock:
Share repurchase program39,18743,32737,899
Other370437542
Dispositions of treasury stock:
Shares issued to AFL Stock Plan(1,009)(1,216)(2,021)
Exercise of stock options(117)(275)(121)
Other(215)(230)(251)
Balance, end of period738,823700,607658,564
Shares outstanding, end of period615,256652,132692,454

Outstanding share-based awards are excluded from the calculation of weighted-average shares used in the computation of basic 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 EPS at December 31:
(In thousands)202220212020
Anti-dilutive share-based awards118 0 687 
The weighted-average shares used in calculating EPS for the years ended December 31 were as follows: 
(In thousands of shares)202220212020
Weighted-average outstanding shares used for calculating basic EPS634,816 673,617 713,702 
Dilutive effect of share-based awards2,839 3,112 2,490 
Weighted-average outstanding shares used for calculating diluted EPS637,655 676,729 716,192 

Share Repurchase Program: During 2022, the Company repurchased 39.2 million shares of its common stock in the open market for $2.4 billion. The Company repurchased 43.3 million shares for $2.3 billion in 2021 and 37.9 million shares for $1.5 billion in 2020. In November 2022, the Company's board of directors authorized the purchase of an additional 100 million shares of its common stock. As of December 31, 2022, a remaining balance of 116.6 million shares of the Company's common stock was available for purchase under share repurchase authorizations by its board of directors.

In August 2022, the IRA was signed into U.S. law. Effective January 1, 2023, the law imposes a 1% excise tax on the Company's repurchase of its common stock.

Voting Rights: In accordance with the Parent Company's articles of incorporation, shares of common stock are generally entitled to one vote per share until they have been held by the same beneficial owner for a continuous period of 48 months, at which time they become entitled to 10 votes per share.
Reclassifications from Accumulated Other Comprehensive Income
The tables below are reconciliations of accumulated other comprehensive income by component for the years ended December 31.

Changes in Accumulated Other Comprehensive Income
2022
(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, 2021
$(2,013)$9,602 $(30)$(166)$7,393 
Other comprehensive
   income (loss) before
   reclassification 		(1,627)(9,946)(1)111 (11,463)
Amounts reclassified from
   accumulated other
   comprehensive income
  (loss)		0 (358)4 19 (335)
Net current-period other
   comprehensive
   income (loss)		(1,627)(10,304)3 130 (11,798)
Balance at December 31, 2022
$(3,640)$(702)$(27)$(36)$(4,405)
All amounts in the table above are net of tax.
2021
(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, 2020
$(1,109)$10,361 $(34)$(284)$8,934 
Other comprehensive
   income (loss) before
   reclassification		(904)(735)(1)90 (1,550)
Amounts reclassified from
   accumulated other
   comprehensive income
  (loss)		0 (24)5 28 9 
Net current-period other
   comprehensive
   income (loss)		(904)(759)4 118 (1,541)
Balance at December 31, 2021
$(2,013)$9,602 $(30)$(166)$7,393 
All amounts in the table above are net of tax.
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		514 839 (1)(30)1,322 
Amounts reclassified from
   accumulated other
   comprehensive income
  (loss)		0 126 0 23 149 
Net current-period other
   comprehensive
   income (loss)		514 965 (1)(7)1,471 
Balance at December 31, 2020
$(1,109)$10,361 $(34)$(284)$8,934 
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 years ended December 31.
Reclassifications Out of Accumulated Other Comprehensive Income
(In millions)2022
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		$453 Net investment gains (losses)
(95)
Tax (expense) or benefit(1)
$358 Net of tax
Unrealized gains (losses) on derivatives$(4)Net investment gains (losses)
(1)Net investment income
(5)Total before tax
1 
Tax (expense) or benefit(1)
$(4)Net of tax
Amortization of defined benefit pension items:
       Actuarial gains (losses)$(24)
Acquisition and operating expenses(2)
Prior service (cost) credit0 
Acquisition and operating expenses(2)
5 
Tax (expense) or benefit(1)
$(19)Net of tax
Total reclassifications for the period$335 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 14 for additional details).
(In millions)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		$31 Net investment gains (losses)
(7)
Tax (expense) or benefit(1)
$24 Net of tax
Unrealized gains (losses) on derivatives$(5)Net investment gains (losses)
(1)Net investment income
(6)Total before tax
1 
Tax (expense) or benefit(1)
$(5)Net of tax
Amortization of defined benefit pension items:
       Actuarial gains (losses)$(35)
Acquisition and operating expenses(2)
Prior service (cost) credit0 
Acquisition and operating expenses(2)
7 
Tax (expense) or benefit(1)
$(28)Net of tax
Total reclassifications for the period$(9)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 14 for additional details).
(In millions)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		$(159)Net investment gains (losses)
33 
Tax (expense) or benefit(1)
$(126)Net of tax
Amortization of defined benefit pension items:
       Actuarial gains (losses)$(32)
Acquisition and operating expenses(2)
       Prior service (cost) credit3 
Acquisition and operating expenses(2)
6 
Tax (expense) or benefit(1)
$(23)Net of tax
Total reclassifications for the period$(149)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 14 for additional details).