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Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 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 nine-month periods ended September 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 July 1, 2019
$
—

 
$
(2,942
)
 
$
(1,585
)
 
$
(4,527
)
Other comprehensive income before reclassifications
—

 
56

 
(475
)
 
(419
)
Amounts reclassified from accumulated other comprehensive income
—

 
15

 
—

 
15

Net current period other comprehensive income (loss)
—

 
71

 
(475
)
 
(404
)
Balance as of September 30, 2019
$
—

 
$
(2,871
)
 
$
(2,060
)
 
$
(4,931
)
(In millions)
Unrealized Investment Gains (Losses)
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Gains (Losses)
 
Total Gains (Losses)
Balance as of July 1, 2018
$
—

 
$
(2,807
)
 
$
(1,458
)
 
$
(4,265
)
Other comprehensive income (loss) before reclassifications
—

 
(13
)
 
(242
)
 
(255
)
Amounts reclassified from accumulated other comprehensive income
—

 
32

 
—

 
32

Net current period other comprehensive income (loss)
—

 
19

 
(242
)
 
(223
)
Balance as of September 30, 2018
$
—

 
$
(2,788
)
 
$
(1,700
)
 
$
(4,488
)
(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
—

 
26

 
(366
)
 
(340
)
Amounts reclassified from accumulated other comprehensive income
—

 
56

 
—

 
56

Net current period other comprehensive income (loss)
—

 
82

 
(366
)
 
(284
)
Balance as of September 30, 2019
$
—

 
$
(2,871
)
 
$
(2,060
)
 
$
(4,931
)

(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
—

 
16

 
(535
)
 
(519
)
Amounts reclassified from accumulated other comprehensive income
—

 
88

 
—

 
88

Net current period other comprehensive income (loss)
—

 
104

 
(535
)
 
(431
)
Balance as of September 30, 2018
$
—

 
$
(2,788
)
 
$
(1,700
)
 
$
(4,488
)

The components of other comprehensive income (loss) for the three and nine-month periods ended September 30, 2019 and 2018 are as follows:
Three Months Ended September 30,
 
2019
 
2018
(In millions)
 
Pre-Tax
Tax (Credit)
Net of Tax
 
Pre-Tax
Tax (Credit)
Net of Tax
Foreign currency translation adjustments
 
$
(475
)
$
—

$
(475
)
 
$
(237
)
$
5

$
(242
)
Pension/post-retirement plans:
 
 
 
 
 
 
 
 
Amortization of (gains) losses included in net periodic pension cost:
 
 
 
 
 
 


 
Prior service credits (a)
 
(1
)
(1
)
—

 
(1
)
(1
)
—

Net actuarial losses (a)
 
25

6

19

 
36

7

29

Effect of remeasurement (a)
 
(8
)
(2
)
(6
)
 
3

—

3

Effect of settlement (a)
 
2

—

2

 
—

—

—

Subtotal

18

3

15


38

6

32

Foreign currency translation adjustments
 
64

8

56

 
(15
)
(2
)
(13
)
Pension/post-retirement plans gains
 
82

11

71

 
23

4

19

Other comprehensive (loss) income
 
$
(393
)
$
11

$
(404
)
 
$
(214
)
$
9

$
(223
)
(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.
Nine Months Ended September 30,
2019
 
2018
(In millions)
Pre-Tax
Tax
(Credit)
Net of Tax
 
Pre-Tax
Tax (Credit)
Net of Tax
Foreign currency translation adjustments
$
(366
)
$
—

$
(366
)
 
$
(538
)
$
(3
)
$
(535
)
Pension/post-retirement plans:
 
 
 
 
 
 
 
Amortization of (gains) losses included in net periodic pension cost:


 
 
 
 
 
 
Prior service credits (a)
(2
)
(1
)
(1
)
 
(3
)
(1
)
(2
)
Net actuarial losses (a)
77

18

59

 
110

23

87

Effect of remeasurement (a)
(9
)
(2
)
(7
)
 
3

—

3

Effect of settlement (a)
6

1

5

 
—

—

—

Subtotal
72

16

56

 
110

22

88

Foreign currency translation adjustments
30

4

26

 
21

5

16

Pension/post-retirement plans gains
102

20

82

 
131

27

104

Other comprehensive (loss) income
$
(264
)
$
20

$
(284
)
 
$
(407
)
$
24

$
(431
)
(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.