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Shares and Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2016
Shares and Stockholders' Equity [Abstract]  
Changes In Common stock (Number Of Shares)



 

 

 

 

 

 



For the Years Ended December 31,

 



2016

 

2015

 

2014

 

Common Stock

 

 

 

 

 

 

Balance as of beginning-of-year

 243,835,893

 

 256,551,440

 

 262,896,701

 

Stock issued for exercise of warrants

 79,397

 

 1,168,966

 

 4,356,385

 

Stock compensation/issued for benefit plans

 1,732,812

 

 2,108,155

 

 1,770,430

 

Retirement/cancellation of shares

 (19,312,997

)

 (15,992,668

)

 (12,472,076

)

Balance as of end-of-year

 226,335,105

 

 243,835,893

 

 256,551,440

 



 

 

 

 

 

 

Common Stock as of End-of-Year

 

 

 

 

 

 

Basic basis

 226,335,105

 

 243,835,893

 

 256,551,440

 

Diluted basis (1)

 230,126,820

 

 247,732,609

 

 261,538,593

 



(1)Effective October 1, 2016, we early adopted ASU 2016-09, Improvements to Employee Share-Based Payment Accounting.  We have updated certain previously reported interim results and metrics as of January 1, 2016, in accordance with the new guidance.  For more information, see “Note 1 – Earnings Per Share”. 



Reconciliation Of The Denominator Calculations Of Basic And Diluted EPS



 

 

 

 

 

 



 

 

 

 

 

 



For the Years Ended December 31,

 



2016

 

2015

 

2014

 

Weighted-average shares, as used in basic calculation

 234,181,717

 

 250,629,243

 

 260,877,533

 

Shares to cover exercise of outstanding warrants

 1,089,221

 

 1,389,768

 

 4,342,860

 

Shares to cover non-vested stock

 1,109,490

 

 1,302,859

 

 1,522,737

 

Average stock options outstanding during the year

 2,256,720

 

 3,162,508

 

 3,828,292

 

Assumed acquisition of shares with assumed proceeds

 

 

 

 

 

 

from exercising outstanding warrants

 (248,402

)

 (262,709

)

 (894,175

)

Assumed acquisition of shares with assumed

 

 

 

 

 

 

proceeds and benefits from exercising stock

 

 

 

 

 

 

options (at average market price for the year)

 (1,508,620

)

 (2,258,658

)

 (2,679,571

)

Shares repurchasable from measured but

 

 

 

 

 

 

unrecognized stock option expense

 (49,839

)

 (45,958

)

 (75,268

)

Average deferred compensation shares

 -

 

 1,021,059

 

 1,041,587

 

Weighted-average shares, as used in diluted calculation

 236,830,287

 

 254,938,112

 

 267,963,995

 



Components And Changes In Accumulated OCI



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



For the Years Ended December 31,

 



2016

 

2015

 

2014

 

Unrealized Gain (Loss) on AFS Securities

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$

 991

 

$

 3,213

 

$

 1,538

 

Unrealized holding gains (losses) arising during the year

 

 1,600

 

 

 (4,541

)

 

 3,855

 

Change in foreign currency exchange rate adjustment

 

 (99

)

 

 (45

)

 

 (47

)

Change in DAC, VOBA, DSI, future contract benefits and other contract holder funds

 

 (456

)

 

 1,294

 

 

 (1,252

)

Income tax benefit (expense)

 

 (370

)

 

 1,147

 

 

 (895

)

Less:

 

 

 

 

 

 

 

 

 

Reclassification adjustment for gains (losses) included in net income (loss)

 

 (158

)

 

 145

 

 

 10

 

Associated amortization of DAC, VOBA, DSI and DFEL

 

 (23

)

 

 (27

)

 

 (32

)

Income tax benefit (expense)

 

 63

 

 

 (41

)

 

 8

 

Balance as of end-of-year

$

 1,784

 

$

 991

 

$

 3,213

 

Unrealized OTTI on AFS Securities

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$

 26

 

$

 26

 

$

 (7

)

(Increases) attributable to:

 

 

 

 

 

 

 

 

 

Gross OTTI recognized in OCI during the year

 

 (55

)

 

 (30

)

 

 (12

)

Change in DAC, VOBA, DSI and DFEL

 

 12

 

 

 4

 

 

 2

 

Income tax benefit (expense)

 

 15

 

 

 9

 

 

 4

 

Decreases attributable to:

 

 

 

 

 

 

 

 

 

Changes in fair value, sales, maturities or other settlements of AFS securities

 

 54

 

 

 43

 

 

 65

 

Change in DAC, VOBA, DSI and DFEL

 

 (12

)

 

 (17

)

 

 (5

)

Income tax benefit (expense)

 

 (15

)

 

 (9

)

 

 (21

)

Balance as of end-of-year

$

 25

 

$

 26

 

$

 26

 

Unrealized Gain (Loss) on Derivative Instruments

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$

 132

 

$

 139

 

$

 256

 

Unrealized holding gains (losses) arising during the year

 

 (215

)

 

 (241

)

 

 (250

)

Change in foreign currency exchange rate adjustment

 

 96

 

 

 48

 

 

 50

 

Change in DAC, VOBA, DSI and DFEL

 

 3

 

 

 2

 

 

 2

 

Income tax benefit (expense)

 

 41

 

 

 66

 

 

 69

 

Less:

 

 

 

 

 

 

 

 

 

Reclassification adjustment for gains (losses) included in net income (loss)

 

 14

 

 

 (183

)

 

 (19

)

Associated amortization of DAC, VOBA, DSI and DFEL

 

 (1

)

 

 1

 

 

 1

 

Income tax benefit (expense)

 

 (5

)

 

 64

 

 

 6

 

Balance as of end-of-year

$

 49

 

$

 132

 

$

 139

 

Foreign Currency Translation Adjustment

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$

 (5

)

$

 (3

)

$

 (5

)

Foreign currency translation adjustment arising during the year

 

 (22

)

 

 (2

)

 

 2

 

Balance as of end-of-year

$

 (27

)

$

 (5

)

$

 (3

)

Funded Status of Employee Benefit Plans

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$

 (299

)

$

 (279

)

$

 (219

)

Adjustment arising during the year

 

 43

 

 

 (21

)

 

 (96

)

Income tax benefit (expense)

 

 (9

)

 

 1

 

 

 36

 

Balance as of end-of-year

$

 (265

)

$

 (299

)

$

 (279

)



Schedule of Reclassifications Out Of AOCI



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



For the Years Ended December 31,

 

 



2016

 

 

2015

 

 

2014

 

 

Unrealized Gain (Loss) on AFS Securities

 

 

 

 

 

 

 

 

 

 

 

 

Gross reclassification

$

 (158

)

 

$

 145

 

 

$

 10

 

Total realized gain (loss)

Associated amortization of DAC, 

 

 

 

 

 

 

 

 

 

 

 

 

VOBA, DSI and DFEL

 

 (23

)

 

 

 (27

)

 

 

 (32

)

Total realized gain (loss)

Reclassification before income

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing

tax benefit (expense)

 

 (181

)

 

 

 118

 

 

 

 (22

)

operations before taxes

Income tax benefit (expense)

 

 63

 

 

 

 (41

)

 

 

 8

 

Federal income tax expense (benefit)

Reclassification, net of income tax

$

 (118

)

 

$

 77

 

 

$

 (14

)

Net income (loss)



 

 

 

 

 

 

 

 

 

 

 

 

Unrealized OTTI on AFS Securities

 

 

 

 

 

 

 

 

 

 

 

 

Gross reclassification

$

 3

 

 

$

 2

 

 

$

 65

 

Total realized gain (loss)

Change in DAC, VOBA, DSI and DFEL

 

 -

 

 

 

 -

 

 

 

 (5

)

Total realized gain (loss)

Reclassification before income

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing

tax benefit (expense)

 

 3

 

 

 

 2

 

 

 

 60

 

operations before taxes

Income tax benefit (expense)

 

 -

 

 

 

 -

 

 

 

 (21

)

Federal income tax expense (benefit)

Reclassification, net of income tax

$

 3

 

 

$

 2

 

 

$

 39

 

Net income (loss)



 

 

 

 

 

 

 

 

 

 

 

 

Unrealized Gain (Loss) on Derivative Instruments

 

 

 

 

 

 

 

 

 

 

Gross reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

$

 5

 

 

$

 (190

)

 

$

 (22

)

Net investment income

Interest rate contracts

 

 (10

)

 

 

 1

 

 

 

 3

 

Interest and debt expense

Interest rate contracts

 

 1

 

 

 

 -

 

 

 

 -

 

Total realized gain (loss)

Foreign currency contracts

 

 11

 

 

 

 6

 

 

 

 -

 

Net investment income

Foreign currency contracts

 

 7

 

 

 

 -

 

 

 

 -

 

Total realized gain (loss)

Total gross reclassifications

 

 14

 

 

 

 (183

)

 

 

 (19

)

 

Associated amortization of DAC,

 

 

 

 

 

 

 

 

 

 

 

 

VOBA, DSI and DFEL

 

 (1

)

 

 

 1

 

 

 

 1

 

Commissions and other expenses

Reclassifications before income

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing

tax benefit (expense)

 

 13

 

 

 

 (182

)

 

 

 (18

)

operations before taxes

Income tax benefit (expense)

 

 (5

)

 

 

 64

 

 

 

 6

 

Federal income tax expense (benefit)

Reclassifications, net of income tax

$

 8

 

 

$

 (118

)

 

$

 (12

)

Net income (loss)