XML 42 R18.htm IDEA: XBRL DOCUMENT v3.3.1.900
Other Comprehensive Income and Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2015
Other Comprehensive Income and Accumulated Other Comprehensive Income disclosure  
Other Comprehensive Income and Accumulated Other Comprehensive Income disclosure [Text Block]

10. OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME

        The following table presents the changes in the Company's accumulated other comprehensive income (AOCI) for the years ended December 31, 2015, 2014 and 2013.

(in millions)
  Changes in Net
Unrealized Gains
on Investment
Securities Having
No Credit Losses
Recognized in the
Consolidated
Statement of Income		   Changes in Net
Unrealized Gains on
Investment
Securities 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, 2012

   $ 2,908   $ 195   $ (857 ) $ (10 ) $ 2,236  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other comprehensive income (loss) (OCI) before reclassifications

     (1,740 )   (2 )   358     (79 )   (1,463 )

Amounts reclassified from AOCI

     (43 )   4     68     8     37  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net OCI, current period

     (1,783 )   2     426     (71 )   (1,426 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance, December 31, 2013

     1,125     197     (431 )   (81 )   810  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

OCI before reclassifications

     667     (2 )   (363 )   (250 )   52  

Amounts reclassified from AOCI

     (24 )   3     39     —     18  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net OCI, current period

     643     1     (324 )   (250 )   70  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance, December 31, 2014

     1,768     198     (755 )   (331 )   880  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

OCI before reclassifications

     (641 )   (11 )   (18 )   (419 )   (1,089 )

Amounts reclassified from AOCI

     (27 )   2     60     17     52  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net OCI, current period

     (668 )   (9 )   42     (402 )   (1,037 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance, December 31, 2015

   $ 1,100   $ 189   $ (713 ) $ (733 ) $ (157 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        The following table presents the pretax components of the Company's other comprehensive income (loss) and the related income tax expense (benefit).

(for the year ended December 31, in millions)
  2015   2014   2013  

Changes in net unrealized gains on investment securities:

                    

Having no credit losses recognized in the consolidated statement of income

   $ (1,020 ) $ 976   $ (2,734 )

Income tax expense (benefit)

     (352 )   333     (951 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net of taxes

     (668 )   643     (1,783 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Having credit losses recognized in the consolidated statement of income

     (14 )   2     3  

Income tax expense (benefit)

     (5 )   1     1  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net of taxes

     (9 )   1     2  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net changes in benefit plan assets and obligations

     66     (494 )   647  

Income tax expense (benefit)

     24     (170 )   221  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net of taxes

     42     (324 )   426  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net changes in unrealized foreign currency translation

     (461 )   (289 )   (112 )

Income tax benefit

     (59 )   (39 )   (41 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net of taxes

     (402 )   (250 )   (71 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other comprehensive income (loss)

     (1,429 )   195     (2,196 )

Total income tax expense (benefit)

     (392 )   125     (770 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other comprehensive income (loss), net of taxes

   $ (1,037 ) $ 70   $ (1,426 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        The following table presents the pretax 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)
  2015   2014   2013  

Reclassification adjustments related to unrealized gains on investment securities:

                    

Having no credit losses recognized in the consolidated statement of income(1)

   $ (42 ) $ (36 ) $ (66 )

Income tax expense(2)

     (15 )   (12 )   (23 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net of taxes

     (27 )   (24 )   (43 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Having credit losses recognized in the consolidated statement of income(1)

     2     4     5  

Income tax benefit(2)

     —     1     1  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net of taxes

     2     3     4  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Reclassification adjustment related to benefit plan assets and obligations(3)

     93     60     105  

Income tax benefit(2)

     33     21     37  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net of taxes

     60     39     68  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Reclassification adjustment related to foreign currency translation(1)

     26     —     8  

Income tax benefit(2)

     9     —     —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net of taxes

     17     —     8  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total reclassifications

     79     28     52  

Total income tax benefit

     27     10     15  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total reclassifications, net of taxes

   $ 52   $ 18   $ 37  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(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) general and administrative expenses on the consolidated statement of income.