XML 45 R25.htm IDEA: XBRL DOCUMENT v3.22.1
Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2022
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income
Shareholders’ equity included the following activity in accumulated other comprehensive income (loss) for the three months ended March 31, 2022 and 2021:
Three Months Ended
March 31,
In millions20222021
Net unrealized investment gains (losses):
Beginning of period balance$778 $1,214 
Other comprehensive loss before reclassifications ($(1,405) and $(487) pretax)
(1,230)(400)
Amounts reclassified from accumulated other comprehensive income ($77 and $17 pretax) (1)
75 14 
Other comprehensive loss(1,155)(386)
End of period balance(377)828 
Foreign currency translation adjustments:
Beginning of period balance— 
Other comprehensive income (loss) before reclassifications(2)
Other comprehensive income (loss)(2)
End of period balance
Net cash flow hedges:
Beginning of period balance222 248 
Amounts reclassified from accumulated other comprehensive income ($(4) and $(5) pretax) (2)
(3)(4)
Other comprehensive loss(3)(4)
End of period balance219 244 
Pension and other postretirement benefits:
Beginning of period balance(35)(55)
Other comprehensive income— — 
End of period balance(35)(55)
Total beginning of period accumulated other comprehensive income965 1,414 
Total other comprehensive loss(1,155)(392)
Total end of period accumulated other comprehensive income (loss)$(190)$1,022 
_____________________________________________
(1)Amounts reclassified from accumulated other comprehensive income for specifically identified debt securities are included in net investment income in the unaudited condensed consolidated statements of operations.
(2)Amounts reclassified from accumulated other comprehensive income for specifically identified cash flow hedges are included in interest expense in the unaudited condensed consolidated statements of operations. The Company expects to reclassify approximately $11 million, net of tax, in net gains associated with its cash flow hedges into net income within the next 12 months.