Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015			2014			2013
	(in millions)
Current income tax
Federal	$	509		$	248		$	549
State and local	36			33			24
Foreign	41			36			37
Total current income tax	586			317			610
Deferred income tax
Federal	(124		)	202			(102		)
State and local	(4		)	30			(10		)
Foreign	(3		)	(4		)	(6		)
Total deferred income tax	(131		)	228			(118		)
Total income tax provision	$	455		$	545		$	492

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,
	2015		2014		2013
	(in millions)
United States	$	1,710	$	1,858	$	1,640
Foreign	432		689		330
Total	$	2,142	$	2,547	$	1,970

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,
	2015		2014		2013
Tax at U.S. statutory rate	35.0	%	35.0	%	35.0	%
Changes in taxes resulting from:
Net income attributable to noncontrolling interests	(2.0	)	(5.2	)	(2.5	)
Dividend exclusion	(6.7	)	(4.7	)	(5.1	)
Low income housing tax credits	(3.0	)	(2.1	)	(2.7	)
Foreign tax credits, net of addback	(2.1	)	(2.0	)	(0.9	)
State taxes, net of federal benefit	—		1.6		0.5
Tax-exempt interest income	—		(0.7	)	(0.9	)
Taxes applicable to prior years	—		(0.2	)	—
Other, net	0.1		(0.3	)	1.6
Income tax provision	21.3	%	21.4	%	25.0	%

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

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,
	2015		2014
	(in millions)
Deferred income tax assets
Liabilities for policyholder account balances, future policy benefits and claims	$	1,391	$	1,292
Deferred compensation	384		350
Investment related	118		83
Postretirement benefits	56		—
Loss carryovers and tax credit carryforwards	—		25
Other	87		102
Gross deferred income tax assets	2,036		1,852
Less: valuation allowance	11		20
Total deferred income tax assets	2,025		1,832
Deferred income tax liabilities
Deferred acquisition costs	730		738
Net unrealized gains on Available-for-Sale securities	233		424
Depreciation expense	169		131
Deferred sales inducement costs	125		128
Intangible assets	113		96
Goodwill	66		—
Other	18		101
Gross deferred income tax liabilities	1,454		1,618
Net deferred income tax assets	$	571	$	214

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:



	2015			2014			2013
	(in millions)
Balance at January 1	$	242		$	209		$	116
Additions based on tax positions related to the current year	18			17			22
Additions for tax positions of prior years	48			35			74
Reductions for tax positions of prior years	(147		)	(19		)	(3		)
Balance at December 31	$	161		$	242		$	209