XML 31 R18.htm IDEA: XBRL DOCUMENT
v3.24.3

Other Comprehensive Income (Loss) | 9 Months Ended
--- | ---
Sep. 30, 2024
Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) Shareholders’ equity included the following activity in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2024 and 2023:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
In millions | 2024 |  | 2023 |  | 2024 |  | 2023
Net unrealized investment gains (losses): |  |  |  |  |  |  |
Beginning of period balance | $ | (564) |  |  | $ | (1,113) |  |  | $ | (429) |  |  | $ | (1,519) |
Other comprehensive income (loss) before reclassifications ($710,$(475), $427, $(310) pretax) | 647 |  |  | (478) |  |  | 382 |  |  | (313) |
Amounts reclassified from accumulated other comprehensive loss ($36, $157, $184, $398 pretax) (1) | 32 |  |  | 157 |  |  | 162 |  |  | 398 |
Other comprehensive income (loss) | 679 |  |  | (321) |  |  | 544 |  |  | 85 |
End of period balance | 115 |  |  | (1,434) |  |  | 115 |  |  | (1,434) |
Change in discount rate on long-duration insurance reserves: |  |  |  |  |  |  |
Beginning of period balance | 273 |  |  | 205 |  |  | 152 |  |  | 219 |
Other comprehensive income (loss) before reclassifications ($(189), $233, $(33), $210 pretax) | (147) |  |  | 181 |  |  | (26) |  |  | 167 |
Other comprehensive income (loss) | (147) |  |  | 181 |  |  | (26) |  |  | 167 |
End of period balance | 126 |  |  | 386 |  |  | 126 |  |  | 386 |
Foreign currency translation adjustments: |  |  |  |  |  |  |
Beginning of period balance | — |  |  | 1 |  |  | — |  |  | — |
Other comprehensive loss before reclassifications | — |  |  | (2) |  |  | — |  |  | (1) |
Other comprehensive loss | — |  |  | (2) |  |  | — |  |  | (1) |
End of period balance | — |  |  | (1) |  |  | — |  |  | (1) |
Net cash flow hedges: |  |  |  |  |  |  |
Beginning of period balance | 236 |  |  | 252 |  |  | 244 |  |  | 239 |
Other comprehensive income before reclassifications ($0, $0, $0, $25 pretax) | — |  |  | — |  |  | — |  |  | 19 |
Amounts reclassified from accumulated other comprehensive income ($(6), $(5), $(16), $(13) pretax) (2) | (4) |  |  | (4) |  |  | (12) |  |  | (10) |
Other comprehensive income (loss) | (4) |  |  | (4) |  |  | (12) |  |  | 9 |
End of period balance | 232 |  |  | 248 |  |  | 232 |  |  | 248 |
Pension and other postretirement benefits: |  |  |  |  |  |  |
Beginning of period balance | (264) |  |  | (203) |  |  | (264) |  |  | (203) |
Other comprehensive income | — |  |  | — |  |  | — |  |  | — |
End of period balance | (264) |  |  | (203) |  |  | (264) |  |  | (203) |
Total beginning of period accumulated other comprehensive loss | (319) |  |  | (858) |  |  | (297) |  |  | (1,264) |
Total other comprehensive income (loss) | 528 |  |  | (146) |  |  | 506 |  |  | 260 |
Total end of period accumulated other comprehensive income (loss) | $ | 209 |  |  | $ | (1,004) |  |  | $ | 209 |  |  | $ | (1,004) |
_____________________________________________ (1)Amounts reclassified from accumulated other comprehensive loss 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 $16 million, net of tax, in net gains associated with its cash flow hedges into net income within the next 12 months.

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration