Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

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,
	2017			2016			2015
	(in millions)
Current income tax
Federal	$	468		$	245		$	509
State and local	58			44			36
Foreign	52			23			41
Total current income tax	578			312			586

Deferred income tax
Federal	169			(36		)	(124		)
State and local	(5		)	3			(4		)
Foreign	(8		)	(1		)	(3		)
Total deferred income tax	156			(34		)	(131		)
Total income tax provision	$	734		$	278		$	455

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,
	2017		2016		2015
	(in millions)
United States	$	1,988	$	1,412	$	1,710
Foreign	226		180		432
Total	$	2,214	$	1,592	$	2,142

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,
	2017		2016		2015
Tax at U.S. statutory rate	35.0	%	35.0	%	35.0	%
Changes in taxes resulting from:
Impact of the Tax Act	13.0		—		—
Dividends received deduction	(5.8	)	(7.6	)	(6.7	)
Low income housing tax credits	(3.4	)	(4.2	)	(3.0	)
Incentive compensation	(3.0	)	—		—
Foreign taxes	(2.0	)	(2.5	)	—
Foreign tax credits, net of addback	—		(1.6	)	(2.1	)
Taxes applicable to prior years	—		(3.1	)	—
State taxes, net of federal benefit	—		1.9		—
Net income attributable to noncontrolling interests	—		—		(2.0	)
Other, net	(0.7	)	(0.5	)	0.1
Income tax provision	33.1	%	17.4	%	21.3	%

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,
	2017		2016
	(in millions)
Deferred income tax assets
Liabilities for policyholder account balances, future policy benefits and claims	$	620	$	1,177
Deferred compensation	345		439
Investment related	245		253
Postretirement benefits	34		62
Currency translation adjustments	—		73
Other	66		68
Gross deferred income tax assets	1,310		2,072
Less: valuation allowance	17		11
Total deferred income tax assets	1,293		2,061

Deferred income tax liabilities
Deferred acquisition costs	446		717
Net unrealized gains on Available-for-Sale securities	162		264
Depreciation expense	93		146
Intangible assets	93		126
Deferred sales inducement costs	62		113
Goodwill	52		74
Other	7		2
Gross deferred income tax liabilities	915		1,442
Net deferred income tax assets	$	378	$	619

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:



	2017			2016			2015
	(in millions)
Balance at January 1	$	115		$	161		$	242
Additions based on tax positions related to the current year	16			15			18
Additions for tax positions of prior years	3			33			48
Reductions for tax positions of prior years	(57		)	(87		)	(147		)
Audit settlements	(1		)	(7		)	—
Balance at December 31	$	76		$	115		$	161