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Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2019
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)

Shareholders’ equity included the following activity in accumulated other comprehensive income for the three and nine months ended September 30, 2019 and 2018:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
In millions
2019
 
2018
 
2019
 
2018
Net unrealized investment gains (losses):
 
 
 
 
 
 
 
Beginning of period balance
$
682

 
$
—

 
$
97

 
$
—

Other comprehensive income before reclassifications ($214, $0, $933 and $0 pretax)
192

 
—

 
799

 
—

Amounts reclassified from accumulated other comprehensive income ($(63), $0, $(93) and $0 pretax) (1)
(56
)
 
—

 
(78
)
 
—

Other comprehensive income
136

 
—

 
721

 
—

End of period balance
818

 
—

 
818

 
—

 
 
 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
 
 
Beginning of period balance
(154
)
 
(155
)
 
(158
)
 
(129
)
Other comprehensive income (loss) before reclassifications
(1
)
 
(8
)
 
3

 
(34
)
Amounts reclassified from accumulated other comprehensive loss (2)
154

 
—

 
154

 
—

Other comprehensive income (loss)
153

 
(8
)
 
157

 
(34
)
End of period balance
(1
)
 
(163
)
 
(1
)
 
(163
)
 
 
 
 
 
 
 
 
Net cash flow hedges:
 
 
 
 
 
 
 
Beginning of period balance
305

 
321

 
312

 
(15
)
Adoption of new accounting standard (3)
—

 
—

 
—

 
(3
)
Other comprehensive income (loss) before reclassifications ($(25), $0, $(25) and $464 pretax)
(18
)
 
—

 
(18
)
 
344

Amounts reclassified from accumulated other comprehensive income (loss) ($(7), $(5), $(16) and $(12) pretax) (4)
(5
)
 
(4
)
 
(12
)
 
(9
)
Other comprehensive income (loss)
(23
)
 
(4
)
 
(30
)
 
335

End of period balance
282

 
317

 
282

 
317

 
 
 
 
 
 
 
 
Pension and OPEB plans:
 
 
 
 
 
 
 
Beginning of period balance
(149
)
 
(25
)
 
(149
)
 
(21
)
Adoption of new accounting standard (3)
—

 
—

 
—

 
(4
)
End of period balance
(149
)
 
(25
)
 
(149
)
 
(25
)
 
 
 
 
 
 
 
 
Total beginning of period accumulated other comprehensive income (loss)
684

 
141

 
102

 
(165
)
Adoption of new accounting standard (3)
—

 
—

 
—

 
(7
)
Total other comprehensive income (loss)
266

 
(12
)
 
848

 
301

Total end of period accumulated other comprehensive income
$
950

 
$
129

 
$
950

 
$
129

_____________________________________________ 
(1)
Amounts reclassified from accumulated other comprehensive income for specifically identified debt securities are included in net investment income in the unaudited condensed consolidated statements of operations.
(2)
Amounts reclassified from accumulated other comprehensive loss represent the elimination of the cumulative translation adjustment associated with the sale of Onofre, which was sold on July 1, 2019. The loss on the divestiture of Onofre is reflected in operating expenses in the unaudited condensed consolidated statements of operations.
(3)
Reflects the adoption of ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income during the nine months ended September 30, 2018.
(4)
Amounts reclassified from accumulated other comprehensive income (loss) for specifically identified cash flow hedges are included in interest expense in the unaudited condensed consolidated statements of operations. The Company expects to reclassify approximately $15 million, net of tax, in net gains associated with its cash flow hedges into net income within the next 12 months.