XML 66 R42.htm IDEA: XBRL DOCUMENT v3.3.1.900
Other Comprehensive Income and Accumulated Other Comprehensive Income (tables)
 12 Months Ended
Dec. 31, 2015
Other Comprehensive Income and Accumulated Other Comprehensive Income disclosure  
Changes in accumulated other comprehensive income (AOCI) [Table Text Block]

 

 

(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 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Pretax components of other comprehensive income (loss) and the related income tax expense (benefit) for each component [Table Text Block]

 

 

(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 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Pretax components of the amounts reclassified from accumulated other comprehensive income and the related income tax (expense) benefit for each component [Table Text Block]

 

 

(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.