ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2017

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

AOCI represents cumulative gains (losses) on items that are not reflected in earnings (loss). The balances as of June 30, 2017 and 2016 follow:

	June 30,
	2017			2016
	(In Millions)
Unrealized gains (losses) on investments	$	502		$	1,666
Foreign currency translation adjustments	(63		)	(55		)
Defined benefit pension plans	(45		)	(43		)
Total accumulated other comprehensive income (loss)	394			1,568
Less: Accumulated other comprehensive (income) loss attributable to noncontrolling interest	99			69
Accumulated Other Comprehensive Income (Loss) Attributable to AXA Equitable	$	493		$	1,637

The components of OCI, net-of-taxes for the second quarter and first six months of 2017 and 2016 follow:

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(In Millions)
Foreign currency translation adjustments:
Foreign currency translation gains (losses) arising during the period	$	(21	)	$	(5	)	$	14		$	4
(Gains) losses reclassified into net earnings (loss) during the period	—			—			—			—
Foreign currency translation adjustment	(21		)	(5		)	14			4
Net unrealized gains (losses) on investments:
Net unrealized gains (losses) arising during the period	312			764			452			1,578
(Gains) losses reclassified into net earnings (loss) during the period(1)	21			(29		)	(2		)	(15		)
Net unrealized gains (losses) on investments	333			735			450			1,563
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other	(19		)	(110		)	8			(158		)
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $177, $337, $267, and $764	314			625			458			1,405
Change in defined benefit plans:
Less: reclassification adjustments to net earnings (loss) for:
Net gain (loss) arising during the period	1			—			1			—
Change in defined benefit plans (net of deferred income tax expense (benefit) of $1, $0, $1 and $0.	1			—			1			—
Total other comprehensive income (loss), net of income taxes	294			620			473			1,409
Less: Other comprehensive (income) loss attributable to noncontrolling interest	20			3			13			—
Other Comprehensive Income (Loss) Attributable to AXA Equitable	$	314		$	623		$	486		$	1,409

(1) See “Reclassification adjustments” in Note 3. Reclassification amounts presented net of income tax expense (benefit) of $(14) million, $(1) million, $16 million and $8 million, for the second quarter and first six months of 2017 and 2016, respectively.

Investment gains and losses reclassified from AOCI to net earnings (loss) primarily consist of realized gains (losses) on sales and OTTI of AFS securities and are included in Total investment gains (losses), net on the consolidated statements of earnings (loss). Amounts reclassified from AOCI to net earnings (loss) as related to defined benefit plans primarily consist of amortizations of net (gains) losses and net prior service cost (credit) recognized as a component of net periodic cost and reported in Compensation and benefit expenses in the consolidated statements of earnings (loss). Amounts presented in the table above are net of tax.