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Other Comprehensive Income and Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2019
Other Comprehensive Income and Accumulated Other Comprehensive Income disclosure  
Changes in accumulated other comprehensive income (loss) (AOCI) [Table Text Block]
The following tables present the changes in the Company’s accumulated other comprehensive income (loss) (AOCI) for the three months and six months ended June 30, 2019.
 
 
Changes in Net Unrealized Gains (Losses) 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, March 31, 2019
 
810

 
197

 
(863
)
 
(826
)
 
(682
)
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) (OCI) before reclassifications, net of tax
 
884

 
(3
)
 
—

 
6

 
887

Amounts reclassified from AOCI, net of tax
 
(10
)
 
—

 
11

 
—

 
1

Net OCI, current period
 
874

 
(3
)
 
11

 
6

 
888

Balance, June 30, 2019
 
$
1,684

 
$
194

 
$
(852
)
 
$
(820
)
 
$
206


 
 
 
Changes in Net Unrealized Gains (Losses) 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, 2018
 
$
(306
)
 
$
193

 
$
(873
)
 
$
(873
)
 
$
(1,859
)
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (OCI) before reclassifications, net of tax
 
2,013

 
1

 
—

 
53

 
2,067

Amounts reclassified from AOCI, net of tax
 
(23
)
 
—

 
21

 
—

 
(2
)
Net OCI, current period
 
1,990

 
$
1

 
$
21

 
$
53

 
$
2,065

Balance, June 30, 2019
 
$
1,684

 
$
194

 
$
(852
)
 
$
(820
)
 
$
206
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).
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(in millions)
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Changes in net unrealized gains (losses) on investment securities:
 
 

 
 

 
 

 
 

Having no credit losses recognized in the consolidated statement of income
 
$
1,108

 
$
(298
)
 
$
2,524

 
$
(1,501
)
Income tax expense (benefit)
 
234

 
(63
)
 
534

 
(316
)
Net of taxes
 
874

 
(235
)
 
1,990

 
(1,185
)
 
 
 
 
 
 
 
 
 
Having credit losses recognized in the consolidated statement of income
 
(4
)
 
(12
)
 
1

 
(14
)
Income tax expense (benefit)
 
(1
)
 
(2
)
 
—

 
(3
)
Net of taxes
 
(3
)
 
(10
)
 
1

 
(11
)
 
 
 
 
 
 
 
 
 
Net changes in benefit plan assets and obligations
 
14

 
21

 
26

 
43

Income tax expense
 
3

 
4

 
5

 
9

Net of taxes
 
11

 
17

 
21

 
34

 
 
 
 
 
 
 
 
 
Net changes in unrealized foreign currency translation
 
5

 
(158
)
 
55

 
(152
)
Income tax expense (benefit)
 
(1
)
 
(20
)
 
2

 
(15
)
Net of taxes
 
6

 
(138
)
 
53

 
(137
)
 
 
 
 
 
 
 
 
 
Total other comprehensive income (loss)
 
1,123

 
(447
)
 
2,606

 
(1,624
)
Total income tax expense (benefit)
 
235

 
(81
)
 
541

 
(325
)
Total other comprehensive income (loss), net of taxes
 
$
888

 
$
(366
)
 
$
2,065

 
$
(1,299
)
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.
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(in millions)
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Reclassification adjustments related to unrealized gains (losses) on investment securities:
 
 
 
 
 
 

 
 

Having no credit losses recognized in the consolidated statement of income (1)
 
$
(13
)
 
$
(12
)
 
$
(29
)
 
$
(12
)
Income tax expense (2)
 
(3
)
 
(3
)
 
(6
)
 
(3
)
Net of taxes
 
(10
)
 
(9
)
 
(23
)
 
(9
)
 
 
 
 
 
 
 
 
 
Having credit losses recognized in the consolidated statement of income (1)
 
—

 
—

 
—

 
—

Income tax benefit (2)
 
—

 
—

 
—

 
—

Net of taxes
 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
Reclassification adjustment related to benefit plan assets and obligations:
 
 

 
 

 
 

 
 

Claims and claim adjustment expenses (3)
 
6

 
8

 
11

 
17

General and administrative expenses (3)
 
7

 
13

 
15

 
26

Total
 
13

 
21

 
26

 
43

Income tax benefit (2)
 
2

 
4

 
5

 
9

Net of taxes
 
11

 
17

 
21

 
34

 
 
 
 
 
 
 
 
 
Reclassification adjustment related to foreign currency translation (1)
 
—

 
—

 
—

 
—

Income tax benefit (2)
 
—

 
—

 
—

 
—

Net of taxes
 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
Total reclassifications
 
—

 
9

 
(3
)
 
31

Total income tax (expense) benefit
 
(1
)
 
1

 
(1
)
 
6

Total reclassifications, net of taxes
 
$
1

 
$
8

 
$
(2
)
 
$
25

 _________________________________________________________
(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.