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Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Other Comprehensive Income (Loss) Other Comprehensive Income (Loss)
The changes, net of tax, in the balances of each component of Accumulated Other Comprehensive Income ("AOCI") for the three and six-month periods ended June 30, 2019 and 2018, including amounts reclassified out of AOCI, are as follows:
(In millions)
Unrealized Investment Gains (Losses)
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Gains (Losses)
 
Total Gains (Losses)
Balance as of April 1, 2019
$
—

 
$
(2,990
)
 
$
(1,600
)
 
$
(4,590
)
Other comprehensive income before reclassifications
—

 
29

 
15

 
44

Amounts reclassified from accumulated other comprehensive income
—

 
19

 
—

 
19

Net current period other comprehensive income
—

 
48

 
15

 
63

Balance as of June 30, 2019
$
—

 
$
(2,942
)
 
$
(1,585
)
 
$
(4,527
)
(In millions)
Unrealized Investment Gains (Losses)
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Gains (Losses)
 
Total Gains (Losses)
Balance as of April 1, 2018
$
—

 
$
(2,963
)
 
$
(942
)
 
$
(3,905
)
Other comprehensive income (loss) before reclassifications
—

 
129

 
(516
)
 
(387
)
Amounts reclassified from accumulated other comprehensive income
—

 
27

 
—

 
27

Net current period other comprehensive income (loss)
—

 
156

 
(516
)
 
(360
)
Balance as of June 30, 2018
$
—

 
$
(2,807
)
 
$
(1,458
)
 
$
(4,265
)
(In millions)
Unrealized Investment Gains (Losses)
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Gains (Losses)
 
Total Gains (Losses)
Balance as of December 31, 2018
$
—

 
$
(2,953
)
 
$
(1,694
)
 
$
(4,647
)
Other comprehensive (loss) income before reclassifications
—

 
(30
)
 
109

 
79

Amounts reclassified from accumulated other comprehensive income
—

 
41

 
—

 
41

Net current period other comprehensive income
—

 
11

 
109

 
120

Balance as of June 30, 2019
$
—

 
$
(2,942
)
 
$
(1,585
)
 
$
(4,527
)

(In millions)
Unrealized Investment Gains (Losses)
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Gains (Losses)
 
Total Gains (Losses)
Balance as of December 31, 2017
$
14

 
$
(2,892
)
 
$
(1,165
)
 
$
(4,043
)
Cumulative effect of amended accounting standard
(14
)
 
—

 
—

 
(14
)
Other comprehensive income (loss) before reclassifications
—

 
29

 
(293
)
 
(264
)
Amounts reclassified from accumulated other comprehensive income
—

 
56

 
—

 
56

Net current period other comprehensive income (loss)
—

 
85

 
(293
)
 
(208
)
Balance as of June 30, 2018
$
—

 
$
(2,807
)
 
$
(1,458
)
 
$
(4,265
)

The components of other comprehensive income (loss) for the three and six-month period ended June 30, 2019 and 2018 are as follows:
Three Months Ended June 30,
 
2019
 
2018
(In millions)
 
Pre-Tax
Tax (Credit)
Net of Tax
 
Pre-Tax
Tax (Credit)
Net of Tax
Foreign currency translation adjustments
 
$
13

$
(2
)
$
15

 
$
(529
)
$
(13
)
$
(516
)
Pension/post-retirement plans:
 
 
 
 
 
 
 
 
Amortization of (gains) losses included in net periodic pension cost:
 
 
 
 
 
 


 
Prior service credits (a)
 
—

—

—

 
(1
)
—

(1
)
Net actuarial losses (a)
 
26

6

20

 
37

9

28

Effect of remeasurement (a)
 
(1
)
—

(1
)
 
—

—

—

Subtotal

25

6

19


36

9

27

Foreign currency translation adjustments
 
38

9

29

 
156

27

129

Pension/post-retirement plans gains
 
63

15

48

 
192

36

156

Other comprehensive income (loss)
 
$
76

$
13

$
63

 
$
(337
)
$
23

$
(360
)
(a) Components of net periodic pension cost are included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.
Six Months Ended June 30,
2019
 
2018
(In millions)
Pre-Tax
Tax
(Credit)
Net of Tax
 
Pre-Tax
Tax (Credit)
Net of Tax
Foreign currency translation adjustments
$
109

$
—

$
109

 
$
(301
)
$
(8
)
$
(293
)
Pension/post-retirement plans:
 
 
 
 
 
 
 
Amortization of (gains) losses included in net periodic pension cost:


 
 
 
 
 
 
Prior service credits (a)
(1
)
—

(1
)
 
(2
)
—

(2
)
Net actuarial losses (a)
52

12

40

 
74

16

58

Effect of remeasurement (a)
(1
)
—

(1
)
 
—

—

—

Effect of settlement (a)
4

1

3

 
—

—

—

Subtotal
54

13

41

 
72

16

56

Foreign currency translation adjustments
(34
)
(4
)
(30
)
 
36

7

29

Pension/post-retirement plans gains
20

9

11

 
108

23

85

Other comprehensive income (loss)
$
129

$
9

$
120

 
$
(193
)
$
15

$
(208
)
(a) Components of net periodic pension cost are included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.