XML 30 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
6 Months Ended
Jun. 30, 2018
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 Net income (loss). The balances as of June 30, 2018 and 2017 follow:
 
June 30,
 
2018
 
2017
 
(in millions)
Unrealized gains (losses) on investments
$
(435
)
 
$
440

Foreign currency translation adjustments
(48
)
 
(63
)
Defined benefit pension plans
(56
)
 
(45
)
Total accumulated other comprehensive income (loss)
(539
)
 
332

Less: Accumulated other comprehensive (income) loss attributable to noncontrolling interest
75

 
99

Accumulated other comprehensive income (loss) attributable to AXA Equitable
$
(464
)
 
$
431


The components of OCI, net of taxes for the three and six months ended June 30, 2018 and 2017 follow:
 
Three Months Ended
June 30, 2018
 
Six Months Ended
June 30, 2017
 
2018
 
2017
 
2018
 
2017
 
(in millions)
Foreign currency translation adjustments:
 
 
 
 
 
 
 
Foreign currency translation gains (losses) arising during the period
$
(8
)
 
$
(21
)
 
$
(12
)
 
$
14

(Gains) losses reclassified into net income (loss) during the period

 

 

 

Foreign currency translation adjustment
(8
)
 
(21
)
 
(12
)
 
14

Net unrealized gains (losses) on investments:
 
 
 
 
 
 
 
Net unrealized gains (losses) arising during the period
(347
)
 
312

 
(1,332
)
 
452

(Gains) losses reclassified into net income (loss) during the period(1)
3

 
21

 
(67
)
 
(2
)
Net unrealized gains (losses) on investments
(344
)
 
333

 
(1,399
)
 
450

Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other
33

 
(39
)
 
347

 
(64
)
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $(83), $158, $(280) and $208)
(311
)
 
294

 
(1,052
)
 
386

Change in defined benefit plans:
 
 
 
 
 
 
 
Less: reclassification adjustments to net income (loss) for:
 
 
 
 
 
 
 
Net gain (loss) arising during the period
(1
)
 
1

 
(5
)
 
1

Amortization of net actuarial (gains) losses included in:
 
 
 
 
 
 
 
Amortization of net prior service cost included in net periodic cost

 

 

 

Change in defined benefit plans (net of deferred income tax expense (benefit) of $0, $1, $(1) and $1)
(1
)
 
1

 
(5
)
 
1

Total other comprehensive income (loss), net of income taxes
(320
)
 
274

 
(1,069
)
 
401

Less: Other comprehensive (income) loss attributable to noncontrolling interest
14

 
20

 
7

 
13

Other comprehensive income (loss) attributable to AXA Equitable
$
(306
)
 
$
294

 
$
(1,062
)
 
$
414

(1)
See “Reclassification adjustments” in Note 3. Reclassification amounts presented net of income tax expense (benefit) of $1 million, $11 million, $(18) million and $(1) million, for the three and six months ended June 30, 2018 and 2017, 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.