Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 14—Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss excludes amounts required to adjust future policy benefits for the run-off settlement annuity business and a portion of deferred acquisition costs associated with the corporate owned life insurance business. As required by ASU 2013-02, the Company parenthetically identifies the income statement line item affected by reclassification adjustments in the table below. Changes in the components of accumulated other comprehensive loss were as follows:

			Tax
			(Expense)		After-
(In millions)	Pre-Tax		Benefit		Tax
Three Months Ended March 31, 2013
Net unrealized depreciation, securities:
Net unrealized depreciation on securities arising during the period	$	(36)	$	12	$	(24)
Reclassification adjustment for (gains) included in shareholders' net income (realized investment gains)		(70)		24		(46)
Net unrealized depreciation, securities	$	(106)	$	36	$	(70)
Net unrealized appreciation, derivatives	$	4	$	(1)	$	3
Net translation of foreign currencies	$	(69)	$	11	$	(58)
Postretirement benefits liability adjustment:
Reclassification adjustment for amortization of net losses from past
experience and prior service costs (other operating expenses)	$	17	$	(6)	$	11
Reclassification adjustment for curtailment (other operating expenses)		(19)		7		(12)
Total reclassification adjustments to shareholders' net income (other operating expenses)		(2)		1		(1)
Net change due to valuation update and plan amendments		63		(22)		41
Net postretirement benefits liability adjustment	$	61	$	(21)	$	40
Three Months Ended March 31, 2012
Net unrealized appreciation, securities:
Net unrealized appreciation on securities arising during the period	$	51	$	(16)	$	35
Reclassification adjustment for (gains) included in shareholders' net income (realized investment gains)		(16)		5		(11)
Net unrealized appreciation, securities	$	35	$	(11)	$	24
Net unrealized depreciation, derivatives	$	(6)	$	1	$	(5)
Net translation of foreign currencies	$	43	$	(8)	$	35
Postretirement benefits liability adjustment:
Reclassification adjustment for amortization of net losses from past
experience and prior service costs (other operating expenses)	$	12	$	(5)	$	7
Reclassification adjustment for settlement loss (other operating expenses)		6		(2)		4
Net postretirement benefits liability adjustment	$	18	$	(7)	$	11