Other Comprehensive Income and Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2013

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, 2013, 2012 and 2011.

(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
Balance, December 31, 2010	$	1,719		$	140		$	(610	)	$	6		$	1,255
Other comprehensive income (OCI) before reclassifications		1,091			(8	)		(251	)		(61	)		771
Amounts reclassified from AOCI		(81	)		10			50			—			(21	)
Net OCI, current period		1,010			2			(201	)		(61	)		750
Balance, December 31, 2011		2,729			142			(811	)		(55	)		2,005
OCI before reclassifications		228			48			(104	)		45			217
Amounts reclassified from AOCI		(49	)		5			58			—			14
Net OCI, current period		179			53			(46	)		45			231
Balance, December 31, 2012		2,908			195			(857	)		(10	)		2,236
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

        The following table presents the pretax components of the Company's other comprehensive income (loss) and the related income tax expense (benefit) for the years ended December 31, 2013, 2012 and 2011.

(for the year ended December 31, in millions)	2013			2012			2011
Changes in net unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement of income	$	(2,734	)	$	281		$	1,570
Income tax expense (benefit)		(951	)		102			560
Net of taxes		(1,783	)		179			1,010
Having credit losses recognized in the consolidated statement of income		3			81			4
Income tax expense		1			28			2
Net of taxes		2			53			2
Net changes in benefit plan assets and obligations		647			(69	)		(307	)
Income tax expense (benefit)		221			(23	)		(106	)
Net of taxes		426			(46	)		(201	)
Net changes in unrealized foreign currency translation		(112	)		43			(90	)
Income tax expense (benefit)		(41	)		(2	)		(29	)
Net of taxes		(71	)		45			(61	)
Total other comprehensive income (loss)		(2,196	)		336			1,177
Total income tax expense (benefit)		(770	)		105			427
Total other comprehensive income (loss), net of taxes	$	(1,426	)	$	231		$	750

        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 years ended December 31, 2013, 2012 and 2011.

(for the year ended December 31, in millions)	2013			2012			2011
Reclassification adjustments related to unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement of income(1)	$	(66	)	$	(75	)	$	(125	)
Income tax expense(2)		(23	)		(26	)		(44	)
Net of taxes		(43	)		(49	)		(81	)
Having credit losses recognized in the consolidated statement of income(1)		5			8			16
Income tax benefit(2)		1			3			6
Net of taxes		4			5			10
Reclassification adjustment related to benefit plan assets and obligations(3)		105			88			76
Income tax benefit(2)		37			30			26
Net of taxes		68			58			50
Reclassification adjustment related to foreign currency translation(1)		8			—			—
Income tax benefit(2)		—			—			—
Net of taxes		8			—			—
Total reclassifications		52			21			(33	)
Total income tax benefit (expense)		15			7			(12	)
Total reclassifications, net of taxes	$	37		$	14		$	(21	)

(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.