XML 104 R44.htm IDEA: XBRL DOCUMENT v3.19.3
Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2019
Stockholders' Equity Note [Abstract]  
Schedule of components of OCI [Table Text Block]
The following tables provide the amounts related to each component of OCI:
 
Three Months Ended September 30,
2019
 
2018
Pretax
 
Income Tax Benefit (Expense)
 
Net of Tax
Pretax
 
Income Tax Benefit (Expense)
 
Net of Tax
(in millions)
Net unrealized gains (losses) on securities:
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains (losses) on securities arising during the period (1)
$
294

 
$
(58
)
 
$
236

 
$
(106
)
 
$
25

 
$
(81
)
Reclassification of net (gains) losses on securities included in net income (2)
10

 
(2
)
 
8

 
(4
)
 
1

 
(3
)
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables
(195
)
 
41

 
(154
)
 
28

 
(6
)
 
22

Net unrealized gains (losses) on securities
109

 
(19
)
 
90

 
(82
)
 
20

 
(62
)
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
(23
)
 
1

 
(22
)
 
(5
)
 
2

 
(3
)
Total other comprehensive income (loss)
$
86

 
$
(18
)
 
$
68

 
$
(87
)
 
$
22

 
$
(65
)

 
Nine Months Ended September 30,
2019
 
2018
Pretax
 
Income Tax Benefit (Expense)
 
Net of Tax
Pretax
 
Income Tax Benefit (Expense)
 
Net of Tax
(in millions)
Net unrealized gains (losses) on securities:
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains (losses) on securities arising during the period (1)
$
1,463

 
$
(259
)
 
$
1,204

 
$
(924
)
 
$
207

 
$
(717
)
Reclassification of net (gains) losses on securities included in net income (2)
5

 
(1
)
 
4

 
(14
)
 
3

 
(11
)
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables
(694
)
 
146

 
(548
)
 
347

 
(73
)
 
274

Net unrealized gains (losses) on securities
774

 
(114
)
 
660

 
(591
)
 
137

 
(454
)
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains (losses) on derivatives:
 
 
 
 
 
 
 
 
 
 
 
Reclassification of net (gains) losses on derivatives included in net income (3)
(1
)
 
—

 
(1
)
 
—

 
—

 
—

Net unrealized gains (losses) on derivatives
(1
)
 
—

 
(1
)
 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
(32
)
 
1

 
(31
)
 
(21
)
 
3

 
(18
)
Total other comprehensive income (loss)
$
741

 
$
(113
)
 
$
628

 
$
(612
)
 
$
140

 
$
(472
)
(1) Includes OTTI losses on Available-for-Sale securities related to factors other than credit that were recognized in other comprehensive income (loss) during the period.
(2) Reclassification amounts are recorded in net investment income.
(3) Includes $1 million pretax gain reclassified to interest and debt expense for both the nine months ended September 30, 2019 and 2018, and nil and $1 million pretax loss reclassified to net investment income for the nine months ended September 30, 2019 and 2018, respectively.
Schedule of amounts reclassified from AOCI [Table Text Block]
The following tables present the changes in the balances of each component of AOCI, net of tax:
 
Net Unrealized Gains (Losses) on Securities
 
Net Unrealized Gains (Losses) on Derivatives
 
Defined
Benefit Plans
 
Foreign Currency Translation
 
Other
 
Total
(in millions)
Balance, July 1, 2019
$
590

 
$
7

 
$
(120
)
 
$
(207
)
 
$
(1
)
 
$
269

OCI before reclassifications
82

 
—

 
—

 
(22
)
 
—

 
60

Amounts reclassified from AOCI
8

 
—

 
—

 
—

 
—

 
8

Total OCI
90

 
—

 
—

 
(22
)
 
—

 
68

Balance, September 30, 2019
$
680

(1) 
$
7

 
$
(120
)
 
$
(229
)
 
$
(1
)
 
$
337

 
 
 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2019
$
20

 
$
8

 
$
(120
)
 
$
(198
)
 
$
(1
)
 
$
(291
)
OCI before reclassifications
656

 
—

 
—

 
(31
)
 
—

 
625

Amounts reclassified from AOCI
4

 
(1
)
 
—

 
—

 
—

 
3

Total OCI
660

 
(1
)
 
—

 
(31
)
 
—

 
628

Balance, September 30, 2019
$
680

(1) 
$
7

 
$
(120
)
 
$
(229
)
 
$
(1
)
 
$
337

 
Net Unrealized Gains (Losses) on Securities
 
Net Unrealized Gains (Losses) on Derivatives
 
Defined
Benefit Plans
 
Foreign Currency Translation
 
Other
 
Total
(in millions)
Balance, July 1, 2018
$
93

 
$
8

 
$
(97
)
 
$
(182
)
 
$
(1
)
 
$
(179
)
OCI before reclassifications
(59
)
 
—

 
—

 
(3
)
 
—

 
(62
)
Amounts reclassified from AOCI
(3
)
 
—

 
—

 
—

 
—

 
(3
)
Total OCI
(62
)
 
—

 
—

 
(3
)
 
—

 
(65
)
Balance, September 30, 2018
$
31

(1) 
$
8

 
$
(97
)
 
$
(185
)
 
$
(1
)
 
$
(244
)
 
 
 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2018
$
486

 
$
8

 
$
(97
)
 
$
(167
)
 
$
(1
)
 
$
229

Cumulative effect of adoption of equity securities guidance
(1
)
 
—

 
—

 
—

 
—

 
(1
)
OCI before reclassifications
(443
)
 
—

 
—

 
(18
)
 
—

 
(461
)
Amounts reclassified from AOCI
(11
)
 
—

 
—

 
—

 
—

 
(11
)
Total OCI
(454
)
 
—

 
—

 
(18
)
 
—

 
(472
)
Balance, September 30, 2018
$
31

(1) 
$
8

 
$
(97
)
 
$
(185
)
 
$
(1
)
 
$
(244
)
(1) Includes $1 million of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of both September 30, 2019 and September 30, 2018.