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Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Components of Other Comprehensive Income (Loss)
The components of other comprehensive income (loss), including reclassification adjustments by income statement line item, were as follows:
 
 
 
 
 
 
 
Components of Changes in
Accumulated Other
Comprehensive Income (after tax)
(millions)
Pretax total
accumulated
other
comprehensive
income

 
Total tax
(provision)
benefit

 
After tax total
accumulated
other
comprehensive
income

 
Total net
unrealized
gains
 (losses)
on securities

 
Net
unrealized
gains on
forecasted
transactions

 
Foreign
currency
translation
adjustment

 
(Income)loss attributable to NCI

Balance at March 31, 2017
$
1,645.9

 
$
(578.4
)
 
$
1,067.5

 
$
1,072.0

 
$
(7.1
)
 
$
(0.8
)
 
$
3.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities
177.2

 
(62.1
)
 
115.1

 
115.1

 
0

 
0

 
0

Net non-credit related OTTI losses, adjusted for valuation changes
0

 
0

 
0

 
0

 
0

 
0

 
0

Forecasted transactions
(12.0
)
 
4.2

 
(7.8
)
 
0

 
(7.8
)
 
0

 
0

Foreign currency translation adjustment
(0.2
)
 
0.1

 
(0.1
)
 
0

 
0

 
(0.1
)
 
0

Loss attributable to noncontrolling interest (NCI)
(1.9
)
 
0.6

 
(1.3
)
 
0

 
0

 
0

 
(1.3
)
Total other comprehensive income (loss) before reclassifications
163.1

 
(57.2
)
 
105.9

 
115.1

 
(7.8
)
 
(0.1
)
 
(1.3
)
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net impairment losses recognized in earnings
(2.6
)
 
0.9

 
(1.7
)
 
(1.7
)
 
0

 
0

 
0

Net realized gains (losses) on securities
37.2

 
(13.0
)
 
24.2

 
24.2

 
0

 
0

 
0

Interest expense
0.3

 
(0.1
)
 
0.2

 
0

 
0.2

 
0

 
0

Total reclassification adjustment for amounts realized in net income
34.9

 
(12.2
)
 
22.7

 
22.5

 
0.2

 
0

 
0

Total other comprehensive income (loss)
128.2

 
(45.0
)
 
83.2

 
92.6

 
(8.0
)
 
(0.1
)
 
(1.3
)
Balance at June 30, 2017
$
1,774.1

 
$
(623.4
)
 
$
1,150.7

 
$
1,164.6

 
$
(15.1
)
 
$
(0.9
)
 
$
2.1

 
 
 
 
 
 
 
 
Components of Changes in
Accumulated Other
Comprehensive Income (after tax)
(millions)
Pretax total
accumulated
other
comprehensive
income

 
Total tax
(provision)
benefit

 
After tax total
accumulated
other
comprehensive
income

 
Total net
unrealized
gains
 (losses)
on securities

 
Net
unrealized
gains on
forecasted
transactions

 
Foreign
currency
translation
adjustment

 
(Income)loss attributable to NCI

Balance at December 31, 2016
$
1,439.5

 
$
(506.1
)
 
$
933.4

 
$
939.6

 
$
(9.4
)
 
$
(1.1
)
 
$
4.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities
431.7

 
(151.3
)
 
280.4

 
280.4

 
0

 
0

 
0

Net non-credit related OTTI losses, adjusted for valuation changes
0

 
0

 
0

 
0

 
0

 
0

 
0

Forecasted transactions
(8.0
)
 
2.8

 
(5.2
)
 
0

 
(5.2
)
 
0

 
0

Foreign currency translation adjustment
0.3

 
(0.1
)
 
0.2

 
0

 
0

 
0.2

 
0

Loss attributable to noncontrolling interest (NCI)
(3.4
)
 
1.2

 
(2.2
)
 
0

 
0

 
0

 
(2.2
)
Total other comprehensive income (loss) before reclassifications
420.6

 
(147.4
)
 
273.2

 
280.4

 
(5.2
)
 
0.2

 
(2.2
)
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net impairment losses recognized in earnings
(3.6
)
 
1.3

 
(2.3
)
 
(2.3
)
 
0

 
0

 
0

Net realized gains (losses) on securities
88.8

 
(31.1
)
 
57.7

 
57.7

 
0

 
0

 
0

Interest expense
0.8

 
(0.3
)
 
0.5

 
0

 
0.5

 
0

 
0

Total reclassification adjustment for amounts realized in net income
86.0

 
(30.1
)
 
55.9

 
55.4

 
0.5

 
0

 
0

Total other comprehensive income (loss)
334.6

 
(117.3
)
 
217.3

 
225.0

 
(5.7
)
 
0.2

 
(2.2
)
Balance at June 30, 2017
$
1,774.1

 
$
(623.4
)
 
$
1,150.7

 
$
1,164.6

 
$
(15.1
)
 
$
(0.9
)
 
$
2.1



 
 
 
 
 
 
 
Components of Changes in
Accumulated Other
Comprehensive Income (after tax)
(millions)
Pretax total
accumulated
other
comprehensive
income

 
Total tax
(provision)
benefit

 
After tax total
accumulated
other
comprehensive
income

 
Total net
unrealized
gains
 (losses)
on securities

 
Net
unrealized
gains on
forecasted
transactions

 
Foreign
currency
translation
adjustment

 
(Income)loss attributable to NCI

Balance at March 31, 2016
$
1,338.7

 
$
(470.7
)
 
$
868.0

 
$
878.5

 
$
(8.5
)
 
$
(1.0
)
 
$
(1.0
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities
180.9

 
(63.5
)
 
117.4

 
117.4

 
0

 
0

 
0

Net non-credit related OTTI losses, adjusted for valuation changes
0

 
0

 
0

 
0

 
0

 
0

 
0

Forecasted transactions
0

 
0

 
0

 
0

 
0

 
0

 
0

Foreign currency translation adjustment
(0.1
)
 
0

 
(0.1
)
 
0

 
0

 
(0.1
)
 
0

Loss attributable to noncontrolling interest (NCI)
(2.2
)
 
0.8

 
(1.4
)
 
0

 
0

 
0

 
(1.4
)
Total other comprehensive income (loss) before reclassifications
178.6

 
(62.7
)
 
115.9

 
117.4

 
0

 
(0.1
)
 
(1.4
)
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net impairment losses recognized in earnings
(0.2
)
 
0.1

 
(0.1
)
 
(0.1
)
 
0

 
0

 
0

Net realized gains (losses) on securities
40.0

 
(14.1
)
 
25.9

 
25.9

 
0

 
0

 
0

Interest expense
0.5

 
(0.2
)
 
0.3

 
0

 
0.3

 
0

 
0

Total reclassification adjustment for amounts realized in net income
40.3

 
(14.2
)
 
26.1

 
25.8

 
0.3

 
0

 
0

Total other comprehensive income (loss)
138.3

 
(48.5
)
 
89.8

 
91.6

 
(0.3
)
 
(0.1
)
 
(1.4
)
Balance at June 30, 2016
$
1,477.0

 
$
(519.2
)
 
$
957.8

 
$
970.1

 
$
(8.8
)
 
$
(1.1
)
 
$
(2.4
)
 
 
 
 
 
 
 
Components of Changes in
Accumulated Other
Comprehensive Income (after tax)
(millions)
Pretax total
accumulated
other
comprehensive
income

 
Total tax
(provision)
benefit

 
After tax total
accumulated
other
comprehensive
income

 
Total net
unrealized
gains
 (losses)
on securities

 
Net
unrealized
gains on
forecasted
transactions

 
Foreign
currency
translation
adjustment

 
(Income)loss attributable to NCI

Balance at December 31, 2015
$
1,234.5

 
$
(434.1
)
 
$
800.4

 
$
809.0

 
$
(8.2
)
 
$
(1.5
)
 
$
1.1

Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities
323.6

 
(113.8
)
 
209.8

 
209.8

 
0

 
0

 
0

Net non-credit related OTTI losses, adjusted for valuation changes
(0.1
)
 
0.1

 
0

 
0

 
0

 
0

 
0

Forecasted transactions
0

 
0

 
0

 
0

 
0

 
0

 
0

Foreign currency translation adjustment
0.6

 
(0.2
)
 
0.4

 
0

 
0

 
0.4

 
0

Loss attributable to noncontrolling interest (NCI)
(5.5
)
 
2.0

 
(3.5
)
 
0

 
0

 
0

 
(3.5
)
Total other comprehensive income (loss) before reclassifications
318.6

 
(111.9
)
 
206.7

 
209.8

 
0

 
0.4

 
(3.5
)
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net impairment losses recognized in earnings
(0.2
)
 
0.1

 
(0.1
)
 
(0.1
)
 
0

 
0

 
0

Net realized gains (losses) on securities
75.3

 
(26.5
)
 
48.8

 
48.8

 
0

 
0

 
0

Interest expense
1.0

 
(0.4
)
 
0.6

 
0

 
0.6

 
0

 
0

Total reclassification adjustment for amounts realized in net income
76.1

 
(26.8
)
 
49.3

 
48.7

 
0.6

 
0

 
0

Total other comprehensive income (loss)
242.5

 
(85.1
)
 
157.4

 
161.1

 
(0.6
)
 
0.4

 
(3.5
)
Balance at June 30, 2016
$
1,477.0

 
$
(519.2
)
 
$
957.8

 
$
970.1

 
$
(8.8
)
 
$
(1.1
)
 
$
(2.4
)