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Other Comprehensive Income and Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2018
Other Comprehensive Income and Accumulated Other Comprehensive Income disclosure  
Changes in accumulated other comprehensive income (loss) (AOCI) [Table Text Block]
The following table presents the changes in the Company’s accumulated other comprehensive income (AOCI) for the years ended December 31, 2018, 2017 and 2016.
 
 
Changes in Net Unrealized Gains on
Investment Securities
 
 
 
 
 
 
(in millions)
 
Having No Credit
Losses Recognized in
the Consolidated
Statement of Income
 
Having Credit Losses
Recognized in the
Consolidated
Statement of Income
 
Net Benefit Plan Assets and
Obligations
Recognized in
Shareholders’ Equity
 
Net Unrealized
Foreign Currency
Translation
 
Total Accumulated
Other
Comprehensive
Income (Loss)
Balance, December 31, 2015
 
$
1,100

 
$
189

 
$
(713
)
 
$
(733
)
 
$
(157
)
Other comprehensive income (loss) (OCI) before reclassifications
 
(530
)
 
4

 
(30
)
 
(49
)
 
(605
)
Amounts reclassified from AOCI, net of tax
 
(42
)
 
9

 
40

 

 
7

Net OCI, current period
 
(572
)
 
13

 
10

 
(49
)
 
(598
)
Balance, December 31, 2016
 
528

 
202

 
(703
)
 
(782
)
 
(755
)
OCI before reclassifications
 
367

 
4

 
(24
)
 
171

 
518

Amounts reclassified from AOCI, net of tax
 
(148
)
 
1

 
41

 

 
(106
)
Net OCI, current period
 
219

 
5

 
17

 
171

 
412

Balance, December 31, 2017
 
747

 
207

 
(686
)
 
(611
)
 
(343
)
Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018
 
(34
)
 

 

 

 
(34
)
Income tax benefit
 
(12
)
 

 

 

 
(12
)
Net of taxes
 
(22
)
 

 

 

 
(22
)
Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018
 
145

 
7

 
(141
)
 
(35
)
 
(24
)
Total effect of adoption of new guidance at January 1, 2018, net of tax
 
123

 
7

 
(141
)
 
(35
)
 
(46
)
OCI before reclassifications, net of tax
 
(1,151
)
 
(21
)
 
(114
)
 
(227
)
 
(1,513
)
Amounts reclassified from AOCI, net of tax
 
(25
)
 

 
68

 

 
43

Net OCI, current period
 
(1,176
)
 
(21
)
 
(46
)
 
(227
)
 
(1,470
)
Balance, December 31, 2018
 
$
(306
)
 
$
193

 
$
(873
)
 
$
(873
)
 
$
(1,859
)
Pre-tax components of other comprehensive income (loss) and the related income tax expense (benefit) for each component [Table Text Block]
The following table presents the pre-tax components of the Company’s other comprehensive income (loss) and the related income tax expense (benefit).
(for the year ended December 31, in millions)
 
2018
 
2017
 
2016
Changes in net unrealized gains on investment securities:
 
 
 
 
 
 
Having no credit losses recognized in the consolidated statement of income
 
$
(1,489
)
 
$
294

 
$
(883
)
Income tax expense (benefit)
 
(313
)
 
75

 
(311
)
Net of taxes
 
(1,176
)
 
219

 
(572
)
Having credit losses recognized in the consolidated statement of income
 
(27
)
 
8

 
21

Income tax expense (benefit)
 
(6
)
 
3

 
8

Net of taxes
 
(21
)
 
5

 
13

Net changes in benefit plan assets and obligations
 
(56
)
 
29

 
16

Income tax expense (benefit)
 
(10
)
 
12

 
6

Net of taxes
 
(46
)
 
17

 
10

Net changes in unrealized foreign currency translation
 
(247
)
 
191

 
(41
)
Income tax expense (benefit)
 
(20
)
 
20

 
8

Net of taxes
 
(227
)
 
171

 
(49
)
Total other comprehensive income (loss)
 
(1,819
)
 
522

 
(887
)
Total income tax expense (benefit)
 
(349
)
 
110

 
(289
)
Total other comprehensive income (loss), net of taxes
 
$
(1,470
)
 
$
412

 
$
(598
)
Pre-tax and related income tax (expense) benefit components of the amounts reclassified from accumulated other comprehensive income to the consolidated statement of income [Table Text Block]
The following table presents the pre-tax and related income tax (expense) benefit components of the amounts reclassified from the Company’s AOCI to the Company’s consolidated statement of income.
(for the year ended December 31, in millions)
 
2018
 
2017
 
2016
Reclassification adjustments related to unrealized gains on investment securities:
 
 
 
 
 
 
Having no credit losses recognized in the consolidated statement of income (1)
 
$
(32
)
 
$
(228
)
 
$
(64
)
Income tax expense (2)
 
(7
)
 
(80
)
 
(22
)
Net of taxes
 
(25
)
 
(148
)
 
(42
)
Having credit losses recognized in the consolidated statement of income (1)
 

 
1

 
13

Income tax benefit (2)
 

 

 
4

Net of taxes
 

 
1

 
9

Reclassification adjustment related to benefit plan assets and obligations:
 
 
 
 
 
 
Claims and claim adjustment expenses (3)
 
35

 
32

 
25

General and administrative expenses (3)
 
51

 
48

 
37

Total
 
86

 
80

 
62

Income tax benefit (2)
 
18

 
39

 
22

Net of taxes
 
68

 
41

 
40

Reclassification adjustment related to foreign currency translation (1)
 

 

 

Income tax benefit (2)
 

 

 

Net of taxes
 

 

 

Total reclassifications
 
54

 
(147
)
 
11

Total income tax (expense) benefit
 
11

 
(41
)
 
4

Total reclassifications, net of taxes
 
$
43

 
$
(106
)
 
$
7

___________________________________________
(1)
(Increases) decreases net realized investment gains on the consolidated statement of income.
(2)
(Increases) decreases income tax expense on the consolidated statement of income.
(3)
Increases (decreases) expenses on the consolidated statement of income.