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SHAREHOLDERS' EQUITY | 3 Months Ended
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Mar. 31, 2013
Stockholders' Equity Note [Abstract] |
SHAREHOLDERS' EQUITY | SHAREHOLDERS’ EQUITY The following table is a reconciliation of the number of shares of the Company's common stock for the three-month periods ended March 31.
(In thousands of shares) | 2013 |  | 2012
Common stock - issued: |  |  |
Balance, beginning of period | 665,239 |  |  | 663,639 |
Exercise of stock options and issuance of restricted shares | 539 |  |  | 798 |
Balance, end of period | 665,778 |  |  | 664,437 |
Treasury stock: |  |  |
Balance, beginning of period | 197,453 |  |  | 197,329 |
Purchases of treasury stock: |  |  |
Open market | 2,979 |  |  | 0 |
Other | 124 |  |  | 199 |
Dispositions of treasury stock: |  |  |
Shares issued to AFL Stock Plan | (364 | ) |  | (381 | )
Exercise of stock options | (294 | ) |  | (39 | )
Other | (145 | ) |  | (134 | )
Balance, end of period | 199,753 |  |  | 196,974 |
Shares outstanding, end of period | 466,025 |  |  | 467,463 |
Outstanding share-based awards are excluded from the calculation of weighted-average shares used in the computation of basic earnings per share (EPS). The following table presents the approximate number of share-based awards to purchase shares, on a weighted-average basis, that were considered to be anti-dilutive and were excluded from the calculation of diluted earnings per share for the following periods.
| Three Months Ended March 31,
(In thousands) | 2013 |  | 2012
Anti-dilutive share-based awards |  | 3,623 |  |  |  | 5,457 |
Share Repurchase Program During the first three months of 2013, we repurchased 3.0 million shares of our common stock in the open market. We did not repurchase any shares of our common stock in the open market in the first three months of 2012. As of March 31, 2013, a remaining balance of 19.4 million shares of our common stock was available for purchase under a share repurchase authorization by our board of directors in 2008. Reclassifications from Accumulated Other Comprehensive Income The following table is a reconciliation of accumulated other comprehensive income by component for the three-month period ended March 31. Changes in Accumulated Other Comprehensive Income(1)
| 2013
(In millions) | Unrealized Foreign Currency Translation Gains (Losses) |  | Unrealized Gains (Losses) on Investment Securities |  | Unrealized Gains (Losses) on Derivatives |  | Pension Liability Adjustment |  | Total
Balance, beginning of period |  | $ | 333 |  |  |  |  | $ | 2,570 |  |  |  |  | $ | (5 | ) |  |  |  | $ | (183 | ) |  |  |  | $ | 2,715 |  |
Other comprehensive income before reclassification |  | (467 | ) |  |  |  | (554 | ) |  |  |  | (5 | ) |  |  |  | 0 |  |  |  |  | (1,026 | ) |
Amounts reclassified from accumulated other comprehensive income |  | (7 | ) |  |  |  | (35 | ) |  |  |  | 1 |  |  |  |  | 3 |  |  |  |  | (38 | ) |
Net current-period other comprehensive income |  | (474 | ) |  |  |  | (589 | ) |  |  |  | (4 | ) |  |  |  | 3 |  |  |  |  | (1,064 | ) |
Balance, end of period |  | $ | (141 | ) |  |  |  | $ | 1,981 |  |  |  |  | $ | (9 | ) |  |  |  | $ | (180 | ) |  |  |  | $ | 1,651 |  |
(1)All amounts are net of tax. Amounts in parentheses indicate debits. The table below summarizes the amounts reclassified from each component of accumulated other comprehensive income based on source for the three-month period ended March 31. Reclassifications Out of Accumulated Other Comprehensive Income
(In millions) |  | 2013
Details about Accumulated Other Comprehensive Income Components |  | Amount Reclassified from Accumulated Other Comprehensive Income(1) |  | Affected Line Item in the Statements of Earnings
Unrealized foreign currency translation gains (losses) |  | $ | 10 |  |  | Sales and redemptions
|  | (3 | ) |  | Tax (expense) or benefit(2)
|  | $ | 7 |  |  | Net of tax
Unrealized gains (losses) on available-for-sale securities |  | $ | 109 |  |  | Sales and redemptions
|  | (55 | ) |  | Other-than-temporary impairment losses realized
|  | 54 |  |  | Total before tax
|  | (19 | ) |  | Tax (expense) or benefit(2)
|  | $ | 35 |  |  | Net of tax
Gains (losses) on cash flow hedges: |  |  |  |
Foreign currency swaps |  | $ | (1 | ) |  | Derivative and other gains (losses)
|  | 0 |  |  | Tax (expense) or benefit(2)
|  | $ | (1 | ) |  | Net of tax
Amortization of defined benefit pension items: |  |  |  |
Actuarial gains (losses) |  | $ | (5 | ) |  | Acquisition and operating expenses(3)
|  | 2 |  |  | Tax (expense) or benefit(2)
|  | $ | (3 | ) |  | Net of tax
Total reclassifications for the period |  | $ | 38 |  |  | Net of tax
(1)Amounts in parentheses indicate debits. (2) Based on 35% tax rate (3) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 9 for additional details).

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- Definition The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Section B -Paragraph 7, 11A -Chapter 1 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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