Significant Accounting Policies and Pronouncements (Tables)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Significant Accounting Policies and Pronouncements

The impacts of the pre-tax charge of $2 million in the second quarter of 2017 were as follows:

	Impact of Change in Accounting for Certain Reinsurance Contracts(1)
	(in millions)
Decrease in Policy charges and fee income	$	(236	)
Decrease in Policyholders' benefits	253
Increase in Amortization of deferred policy acquisition costs	(19		)
Pre-tax charge to income	$	(2	)

(1) The corresponding impacts to the Consolidated Statement of Financial Position were a $284 million increase in "Other liabilities", a $247 million increase in "Reinsurance recoverables", a $48 million decrease in "Policyholders’ account balances", a $19 million decrease in "Deferred policy acquisition costs" and a $6 million decrease in "Future policy benefits".