Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of components of income tax provision (benefit) [Table Text Block]

The components of income tax provision attributable to continuing operations were as follows:



	Years Ended December 31,
	2014			2013			2012
	(in millions)
Current income tax
Federal	$	248		$	549		$	229
State and local	33			24			25
Foreign	36			37			31
Total current income tax	317			610			285
Deferred income tax
Federal	202			(102		)	37
State and local	30			(10		)	15
Foreign	(4		)	(6		)	(2		)
Total deferred income tax	228			(118		)	50
Total income tax provision	$	545		$	492		$	335

Schedule of geographic sources of pretax income [Table Text Block]

The geographic sources of pretax income from continuing operations were as follows:



	Years Ended December 31,
	2014		2013		2012
	(in millions)
United States	$	1,858	$	1,640	$	1,161
Foreign	689		330		77
Total	$	2,547	$	1,970	$	1,238

Reconciliation of the income tax provision [Table Text Block]

The principal reasons that the aggregate income tax provision attributable to continuing operations is different from that computed by using the U.S. statutory rate of 35% were as follows:



	Years Ended December 31,
	2014		2013		2012
Tax at U.S. statutory rate	35.0	%	35.0	%	35.0	%
Changes in taxes resulting from:
Net income (loss) attributable to noncontrolling interests	(5.2	)	(2.5	)	3.6
Dividend exclusion	(4.7	)	(5.1	)	(5.9	)
Low income housing tax credits	(2.1	)	(2.7	)	(3.0	)
Foreign tax credits, net of addback	(2.0	)	(0.9	)	(3.2	)
State taxes, net of federal benefit	1.6		0.5		2.5
Tax-exempt interest income	(0.7	)	(0.9	)	(1.7	)
Taxes applicable to prior years	(0.2	)	—		(2.5	)
Other, net	(0.3	)	1.6		2.3
Income tax provision	21.4	%	25.0	%	27.1	%

Schedule of significant components of deferred income tax assets and liabilities [Table Text Block]

Deferred income tax assets and liabilities result from temporary differences between the assets and liabilities measured for GAAP reporting versus income tax return purposes. The significant components of the Company’s deferred income tax assets and liabilities, which are included net within other assets or other liabilities on the Consolidated Balance Sheets, were as follows:



	December 31,
	2014		2013
	(in millions)
Deferred income tax assets
Liabilities for policyholder account balances, future policy benefits and claims	$	1,292	$	918
Deferred compensation	350		335
Investment related	83		724
Loss carryovers and tax credit carryforwards	25		39
Other	102		61
Gross deferred income tax assets	1,852		2,077
Less: valuation allowance	20		19
Total deferred income tax assets	1,832		2,058
Deferred income tax liabilities
Deferred acquisition costs	738		749
Net unrealized gains on Available-for-Sale securities	424		352
Depreciation expense	131		138
Deferred sales inducement costs	128		145
Intangible assets	96		84
Other	101		113
Gross deferred income tax liabilities	1,618		1,581
Net deferred income tax assets	$	214	$	477

Reconciliation of gross unrecognized tax benefits (expense) [Table Text Block]

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits was as follows:



	2014			2013			2012
	(in millions)
Balance at January 1	$	209		$	116		$	184
Additions based on tax positions related to the current year	17			22			2
Additions for tax positions of prior years	35			74			25
Reductions for tax positions of prior years	(19		)	(3		)	(83		)
Settlements	—			—			(12		)
Balance at December 31	$	242		$	209		$	116

Schedule of items comprising other comprehensive income (loss) [Table Text Block]

The items comprising other comprehensive income (loss) are presented net of the following income tax provision (benefit) amounts:



	Years Ended December 31,
	2014			2013			2012
	(in millions)
Net unrealized securities gains (losses)	$	69		$	(344	)	$	238
Net unrealized derivatives gains	—			—			4
Defined benefit plans	(13		)	24			(9		)
Foreign currency translation	(18		)	3			7
Net income tax provision (benefit)	$	38		$	(317	)	$	240