Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Componenets of income taxes

(In millions)	2014		2013		2012
Current taxes
U.S. income taxes	$	1,068	$	382	$	604
Foreign income taxes		115		77		72
State income taxes		49		42		43
		1,232		501		719
Deferred taxes (benefits)
U.S. income taxes		10		152		131
Foreign income taxes		(22)		46		4
State income taxes		(10)		(1)		(1)
		(22)		197		134
Total income taxes	$	1,210	$	698	$	853

Reconciliation of total taxes to nominal federal rate

(In millions)	2014		2013		2012
Tax expense at nominal rate	$	1,156	$	761	$	867
Effect of undistributed foreign earnings		(74)		(42)		(37)
Health insurance industry tax		83		-		-
State income tax (net of federal income tax benefit)		25		27		28
Other		20		(48)		(5)
Total income taxes	$	1,210	$	698	$	853

Schedule of deferred income tax assets and liabilities

(In millions)	2014		2013
Deferred tax assets
Employee and retiree benefit plans	$	594	$	422
Other insurance and contractholder liabilities		415		407
Policy acquisition expenses		141		142
Other accrued liabilities		204		157
Other		98		128
Deferred tax assets before valuation allowance		1,452		1,256
Valuation allowance for deferred tax assets		(49)		(49)
Deferred tax assets, net of valuation allowance		1,403		1,207
Deferred tax liabilities
Depreciation and amortization		688		700
Foreign operations, net		120		162
Unrealized appreciation on investments and foreign currency translation		302		253
Total deferred tax liabilities		1,110		1,115
Net deferred income tax assets	$	293	$	92

Reconciliation of unrecognized tax benefits

(In millions)	2014		2013		2012
Balance at January 1,	$	17	$	51	$	52
Decrease due to prior year positions		-		(35)		(5)
Increase due to current year positions		12		6		7
Reduction related to lapse of applicable statute of limitations		(3)		(5)		(3)
Balance at December 31,	$	26	$	17	$	51