ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

AOCI represents cumulative gains (losses) on items that are not reflected in Net income (loss). The balances for the past three years follow:

	December 31,
	2016			2015			2014
	(In millions)
Unrealized gains (losses) on investments	$	40		$	248		$	1,076
Foreign currency translation adjustments	(77		)	(59		)	(34		)
Defined benefit pension plans	(46		)	(43		)	(811		)
Total accumulated other comprehensive income (loss)	(83		)	146			231
Less: Accumulated other comprehensive (income) loss attributable to noncontrolling interest	86			69			54
Accumulated Other Comprehensive Income (Loss) Attributable to AXA Equitable	$	3		$	215		$	285

Immediately preceding the Assumption Transaction, the AXA Equitable QP had approximately $1,193 million unrecognized net actuarial losses in AOCI that were transferred to AXA Financial, resulting in an increase in AOCI and a decrease in additional paid in capital of $1,193 million ($772 million net of tax), the net impact to AXA Equitable’s consolidated Shareholder’s Equity was $0 million.

The components of OCI for the past three years, net of tax, follow:

	2016			2015			2014
	(In millions)
Foreign currency translation adjustments:
Foreign currency translation gains (losses) arising during the period	$	(18	)	$	(25	)	$	(21	)
(Gains) losses reclassified into net income (loss) during the period	—			—			—
Foreign currency translation adjustment	(18		)	(25		)	(21		)
Change in net unrealized gains (losses) on investments:
Net unrealized gains (losses) arising during the year	(160		)	(1,020		)	1,043
(Gains) losses reclassified into net income (loss) during the year(1)	2			12			37
Net unrealized gains (losses) on investments	(158		)	(1,008		)	1,080
Adjustments for policyholders liabilities, DAC, insurance liability loss recognition and other	(50		)	180			(168		)
Change in unrealized gains (losses), net of adjustments and (net of deferred income tax expense (benefit) of $(89), $(454) and $498)	(208		)	(828		)	912
Change in defined benefit plans:
Net gain (loss) arising during the year	—			—			(95		)
Prior service cost arising during the year	—			—			—
Less: reclassification adjustments to net income (loss) for:(2)
Amortization of net (gains) losses included in net periodic cost	(3		)	(4		)	72
Amortization of net prior service credit included in net periodic cost	—			—			—
Change in defined benefit plans (net of deferred income tax expense (benefit) of $(2), $(2) and $(12))	(3		)	(4		)	(23		)
Total other comprehensive income (loss), net of income taxes	(229		)	(857		)	868
Less: Other comprehensive (income) loss attributable to noncontrolling interest	17			15			29
Other Comprehensive Income (Loss) Attributable to AXA Equitable	$	(212	)	$	(842	)	$	897

(1) See “Reclassification adjustments” in Note 3. Reclassification amounts presented net of income tax expense (benefit) of $(1) million, $(6) million and $(20) million for 2016, 2015 and 2014, respectively.

(2) These AOCI components are included in the computation of net periodic costs (see “Employee Benefit Plans” in Note 12). Reclassification amounts presented net of income tax expense (benefit) of $2 million, $2 million and $12 million for 2016, 2015 and 2014, respectively.

Investment gains and losses reclassified from AOCI to net income (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 income (loss). Amounts reclassified from AOCI to net income (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 income (loss). Amounts presented in the table above are net of tax.