Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes Tables [Abstract]

Componenets of income taxes

(In millions)	2011		2010		2009
Current taxes
U.S. income	$	320	$	267	$	211
Foreign income		58		45		48
State income		20		19		16
		398		331		275
Deferred taxes (benefits)
U.S. income		198		182		279
Foreign income		43		15		39
State income		1		(7)		1
		242		190		319
Total income taxes	$	640	$	521	$	594

Reconciliation of total taxes to nominal federal rate

(In millions)	2011		2010		2009
Tax expense at nominal rate	$	689	$	655	$	664
Tax-exempt interest income		(29)		(31)		(31)
Effect of permanently invested foreign earnings		(23)		(31)		(23)
Dividends received deduction		(4)		(3)		(3)
Resolution of federal tax matters		(30)		-		(27)
State income tax (net of federal income tax benefit)		14		9		12
Change in valuation allowance		4		(94)		(2)
Other		19		16		4
Total income taxes	$	640	$	521	$	594

Schedule of deferred income tax assets and liabilities

(In millions)	2011		2010
Deferred tax assets
Employee and retiree benefit plans	$	829	$	746
Investments, net		108		100
Other insurance and contractholder liabilities		443		391
Deferred gain on sale of businesses		46		58
Policy acquisition expenses		140		143
Loss carryforwards		8		76
Other accrued liabilities		109		107
Bad debt expense		17		18
Other		37		37
Deferred tax assets before valuation allowance		1,737		1,676
Valuation allowance for deferred tax assets		(42)		(23)
Deferred tax assets, net of valuation allowance		1,695		1,653
Deferred tax liabilities
Depreciation and amortization		377		314
Foreign operations, net		289		267
Unrealized appreciation on investments and foreign currency translation		397		290
Total deferred tax liabilities		1,063		871
Net deferred income tax assets	$	632	$	782

Reconciliation of unrecognized tax benefits

(In millions)	2011		2010		2009
Balance at January 1,	$	177	$	214	$	164
Increase (decrease) due to prior year positions		(113)		(55)		5
Increase due to current year positions		7		34		76
Reduction related to settlements with taxing authorities		(17)		(13)		(28)
Reduction related to lapse of applicable statute of limitations		(2)		(3)		(3)
Balance at December 31,	$	52	$	177	$	214