XML 39 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 6 Months Ended
Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of 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
Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes
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.