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 GAAP, 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,
2015
Net unrealized appreciation, securities, January 1,	$	955	$	(335)	$	620
Net unrealized appreciation on securities arising during the period		148		(47)		101
Reclassification adjustment for (gains) included in shareholders' net income (realized investment gains)		(20)		7		(13)
Net unrealized appreciation, securities arising during the period		128		(40)		88
Net unrealized appreciation, securities, March 31,	$	1,083	$	(375)	$	708
Net unrealized depreciation, derivatives, January 1,	$	(12)	$	4	$	(8)
Net unrealized appreciation, derivatives arising during the period		10		(3)		7
Net unrealized depreciation, derivatives, March 31,	$	(2)	$	1	$	(1)
Net translation of foreign currencies, January 1,	$	(71)	$	9	$	(62)
Net translation of foreign currencies arising during the period		(109)		5		(104)
Net translation of foreign currencies, March 31,	$	(180)	$	14	$	(166)
Postretirement benefits liability adjustment, January 1,	$	(2,286)	$	800	$	(1,486)
Reclassification adjustment for amortization of net losses from past
experience and prior service costs (other operating expenses)		16		(5)		11
Postretirement benefits liability adjustment, March 31,	$	(2,270)	$	795	$	(1,475)

2014
Net unrealized appreciation, securities, January 1,	$	733	$	(256)	$	477
Net unrealized appreciation on securities arising during the period		156		(54)		102
Reclassification adjustment for (gains) included in shareholders' net income (realized investment gains)		(25)		9		(16)
Net unrealized appreciation, securities arising during the period		131		(45)		86
Net unrealized appreciation, securities, March 31,	$	864	$	(301)	$	563
Net unrealized depreciation, derivatives, January 1,	$	(29)	$	10	$	(19)
Net unrealized depreciation, derivatives arising during the period		-		-		-
Net unrealized depreciation, derivatives, March 31,	$	(29)	$	10	$	(19)
Net translation of foreign currencies, January 1,	$	91	$	(9)	$	82
Net translation of foreign currencies arising during the period		(13)		2		(11)
Net translation of foreign currencies, March 31,	$	78	$	(7)	$	71
Postretirement benefits liability adjustment, January 1,	$	(1,630)	$	570	$	(1,060)
Reclassification adjustment for amortization of net losses from past
experience and prior service costs (other operating expenses)		13		(5)		8
Reclassification adjustment for settlement (other operating expenses)		6		(2)		4
Total reclassification adjustments to shareholders' net income (other operating expenses)		19		(7)		12
Postretirement benefits liability adjustment, March 31,	$	(1,611)	$	563	$	(1,048)