Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2022

Note 18: Accumulated Other Comprehensive Income

The following table presents the changes in the components of AOCI for the years ended December 31, 2022, 2021, and 2020:


In millions	Unrealized Gains (Losses) on AFS Securities, Net		Foreign Currency Translation, Net		Instrument-Specific Credit Risk of Liabilities Measured at Fair Value, Net		Total
Balance, January 1, 2020	$	112	$	(7)	$	(107)	$	(2)
Other comprehensive income (loss) before reclassifications		83		(3)		50		130
Amounts reclassified from AOCI		(19)		—		6		(13)

Net period other comprehensive income (loss)		64		(3)		56		117

Balance, December 31, 2020	$	176	$	(10)	$	(51)	$	115
Other comprehensive income (loss) before reclassifications		(26)		4		(17)		(39)
Amounts reclassified from AOCI		(12)		—		36		24

Net period other comprehensive income (loss)		(38)		4		19		(15)

Balance, December 31, 2021	$	138	$	(6)	$	(32)	$	100
Other comprehensive income (loss) before reclassifications		(362)		2		(31)		(391)
Amounts reclassified from AOCI		(10)		—		18		8

Net period other comprehensive income (loss)		(372)		2		(13)		(383)

Balance, December 31, 2022	$	(234)	$	(4)	$	(45)	$	(283)

The following table presents the details of the reclassifications from AOCI for the years ended December 31, 2022, 2021, and

2020:


In millions	Amounts Reclassified from AOCI Years Ended December 31,
Details about AOCI Components	2022			2021			2020			Affected Line Item on the Consolidated Statements of Operations
Unrealized gains (losses) on AFS securities:
Realized gain (loss) on sale of securities	$	10		$	12		$	19		Net realized investment gains (losses)

		10			12			19		Income (loss) before income taxes

		10			12			19		Net income (loss)
Instrument-specific credit risk of liabilities:
Settlement of liabilities		(18	)		(36	)		(6	)	Net gains (losses) on financial instruments at fair value and foreign exchange

Total reclassifications for the period	$	(8	)	$	(24	)	$	13		Net income (loss)