The following tables provide the amounts related to each component of OCI: | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2022 | 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) | $ | (4,146) | | | $ | 918 | | | $ | (3,228) | | Reclassification of net (gains) losses on securities included in net income (2) | 85 | | | (18) | | | 67 | | Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables | 821 | | | (172) | | | 649 | | Net unrealized gains (losses) on securities | (3,240) | | | 728 | | | (2,512) | | 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) | | Defined benefit plans: | | | | | | Prior service credits and costs | (1) | | | — | | | (1) | | Net gains (losses) | 97 | | | (20) | | | 77 | | Defined benefit plans | 96 | | | (20) | | | 76 | | Foreign currency translation | (216) | | | 45 | | | (171) | | | | | | | | Total other comprehensive income (loss) | $ | (3,361) | | | $ | 753 | | | $ | (2,608) | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, 2021 | 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) | $ | (622) | | | $ | 137 | | | $ | (485) | | Reclassification of net (gains) losses on securities included in net income (2) | (561) | | | 118 | | | (443) | | Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables(4) | 322 | | | (67) | | | 255 | | Net unrealized gains (losses) on securities | (861) | | | 188 | | | (673) | | 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) | | Defined benefit plans: | | | | | | Prior service credits and costs | (3) | | | 1 | | | (2) | | Net gains (losses) | 70 | | | (15) | | | 55 | | Defined benefit plans | 67 | | | (14) | | | 53 | | Foreign currency translation | (16) | | | 3 | | | (13) | | | | | | | | Total other comprehensive income (loss) | $ | (811) | | | $ | 177 | | | $ | (634) | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, 2020 | 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) | $ | 907 | | | $ | (192) | | | $ | 715 | | Reclassification of net (gains) losses on securities included in net income (2) | (11) | | | 2 | | | (9) | | Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables(4) | (274) | | | 57 | | | (217) | | Net unrealized gains (losses) on securities | 622 | | | (133) | | | 489 | | Net unrealized gains (losses) on derivatives: | | | | | | Reclassification of net (gains) losses on derivatives included in net income (3) | (2) | | | 1 | | | (1) | | Net unrealized gains (losses) on derivatives | (2) | | | 1 | | | (1) | | Defined benefit plans: | | | | | | Prior service credits | (2) | | | — | | | (2) | | Net gains (losses) | (82) | | | 18 | | | (64) | | Defined benefit plans | (84) | | | 18 | | | (66) | | Foreign currency translation | 32 | | | (5) | | | 27 | | | | | | | | Total other comprehensive income (loss) | $ | 568 | | | $ | (119) | | | $ | 449 | |
(1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period. (2) Reclassification amounts are recorded in Net investment income. (3) Includes a $1 million, $1 million and $1 million pretax gain reclassified to Interest and debt expense and nil pretax loss reclassified to Net investment income for the years ended December 31, 2022, 2021 and 2020, respectively. (4) See Note 28 for a summary of the revision to the Company’s previously reported Consolidated Financial Statements.
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