XML 31 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)
The changes in the balances of each component of Accumulated Other Comprehensive Income ("AOCI") for the three-month periods ended March 31, 2017 and 2016, including amounts reclassified out of AOCI, are as follows:
(In millions)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Gains (Losses)
 
Total Gains (Losses)
Balance as of January 1, 2017
$
19

 
$
(3,232
)
 
$
(1,880
)
 
$
(5,093
)
Other comprehensive income (loss) before reclassifications
(3
)
 
(6
)
 
235

 
226

Amounts reclassified from accumulated other comprehensive income
—

 
30

 
—

 
30

Net current period other comprehensive income (loss)
(3
)
 
24

 
235

 
256

Balance as of March 31, 2017
$
16

 
$
(3,208
)
 
$
(1,645
)
 
$
(4,837
)
(In millions)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Gains (Losses)
 
Total Gains (Losses)
Balance as of January 1, 2016
$
6

 
$
(3,124
)
 
$
(1,102
)
 
$
(4,220
)
Other comprehensive income (loss) before reclassifications
—

 
80

 
13

 
93

Amounts reclassified from accumulated other comprehensive income
—

 
30

 
—

 
30

Net current period other comprehensive income (loss)
—

 
110

 
13

 
123

Balance as of March 31, 2016
$
6

 
$
(3,014
)
 
$
(1,089
)
 
$
(4,097
)
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 

The components of other comprehensive income (loss) for the three-month periods ended March 31, 2017 and 2016 are as follows:
Three Months Ended March 31,
 
2017
 
2016
(In millions)
 
Pre-Tax

Tax (Credit)

Net of Tax

 
Pre-Tax

Tax

Net of Tax

Foreign currency translation adjustments
 
$
235

$
—

$
235

 
$
13

$
—

$
13

Unrealized investment gains
 
(5
)
(2
)
(3
)
 
—

—

—

Pension/post-retirement plans:
 
 
 
 
 
 
 
 
Amortization of losses included in net periodic pension cost:
 
 
 
 
 
 


 
Prior service cost (a)
 
—

—

—

 
1

—

1

Net actuarial losses (a)
 
40

10

30

 
41

12

29

Subtotal
 
40

10

30

 
42

12

30

 Effect of remeasurement
 
9

2

7

 
(1
)
—

(1
)
 Effect of curtailment
 
(1
)
—

(1
)
 
—

—

—

 Effect of settlement
 
1

—

1

 
1

—

1

 Foreign currency translation (losses) gains
 
(15
)
(3
)
(12
)
 
97

16

81

 Other
 
(1
)
—

(1
)
 
(1
)
—

(1
)
Pension/post-retirement plans gains
 
33

9

24

 
138

28

110

Other comprehensive income
 
$
263

$
7

$
256

 
$
151

$
28

$
123

(a) Components of net periodic pension cost are included in compensation and benefits in the consolidated statements of income. Income tax credits on prior service losses and net actuarial losses are included in income tax expense.