Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2018

Accumulated Other Comprehensive Income (Loss) [Abstract]

Changes in accumulated other comprehensive income (loss)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In millions)	2018		2017		2018		2017
Securities
Beginning balance	$	110	$	369	$	328	$	362
Reclassification adjustment to retained earnings related to U.S. tax reform legislation (1)		-		-		65		-
Reclassification adjustment to retained earnings related to new financial instruments guidance (1)		-		-		(4)		-
Adjusted beginning balance		110		369		389		362
(Depreciation) appreciation on securities		(176)		115		(555)		168
Tax benefit (expense)		37		(38)		113		(62)
Net (depreciation) appreciation on securities		(139)		77		(442)		106
Reclassification adjustment for losses (gains) included in shareholders' net income (net realized investment gains)		(2)		(15)		28		(50)
Tax (expense) benefit		-		5		(6)		18
Net losses (gains) reclassified from AOCI to net income		(2)		(10)		22		(32)
Other comprehensive (loss) income, net of tax		(141)		67		(420)		74
Ending balance	$	(31)	$	436	$	(31)	$	436
Derivatives
Beginning balance	$	(11)	$	-	$	-	$	3
Reclassification adjustment from retained earnings related to new hedging guidance (1)		-		-		(6)		-
Adjusted beginning balance		(11)		-		(6)		3
(Depreciation) on derivatives		(10)		-		(16)		-
Tax benefit		2		-		3		-
Net (depreciation) on derivatives		(8)		-		(13)		-
Reclassification adjustment for (gains) included in shareholders' net income (net realized investment gains)		-		-		-		(4)
Tax benefit		-		-		-		1
Net (gains) reclassified from AOCI to net income		-		-		-		(3)
Other comprehensive (loss), net of tax		(8)		-		(13)		(3)
Ending balance	$	(19)	$	-	$	(19)	$	-
Translation of foreign currencies
Beginning balance	$	(24)	$	(257)	$	(65)	$	(369)
Reclassification adjustment to retained earnings related to U.S. tax reform legislation (1)		-		-		(4)		-
Adjusted beginning balance		(24)		(257)		(69)		(369)
Translation of foreign currencies		(151)		30		(105)		141
Tax (expense) benefit		(1)		(3)		(2)		(2)
Net translation of foreign currencies		(152)		27		(107)		139
Ending balance	$	(176)	$	(230)	$	(176)	$	(230)
(1) See Note 2 for further information about adjustments resulting from the Company's adoption of new accounting standards in 2018.
	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In millions)	2018		2017		2018		2017
Postretirement benefits liability
Beginning balance	$	(1,622)	$	(1,364)	$	(1,345)	$	(1,378)
Reclassification adjustment to retained earnings related to U.S. tax reform legislation (1)		-		-		(290)		-
Adjusted beginning balance		(1,622)		(1,364)		(1,635)		(1,378)
Reclassification adjustment for amortization of net losses from past experience and prior service costs (other operating expenses)		17		17		34		32
Reclassification adjustment for settlement (other operating expenses)		-		-		-		6
Tax (expense)		(3)		(7)		(7)		(14)
Net adjustments reclassified from AOCI to net income		14		10		27		24
Valuation update		(12)		2		(12)		2
Tax benefit (expense)		3		-		3		-
Net change due to valuation update		(9)		2		(9)		2
Other comprehensive income, net of tax		5		12		18		26
Ending balance	$	(1,617)	$	(1,352)	$	(1,617)	$	(1,352)
(1) See Note 2 for further information about adjustments resulting from the Company's adoption of new accounting standards in 2018.