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BUSINESS SEGMENT INFORMATION | 9 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
BUSINESS SEGMENT INFORMATION | BUSINESS SEGMENT INFORMATION The Company consists of two reportable insurance business segments: Aflac Japan and Aflac U.S., both of which sell supplemental health and life insurance. Operating business segments that are not individually reportable and business activities, including reinsurance retrocession activities, not included in Aflac Japan or Aflac U.S. are included in the "Other business segments" category. We do not allocate corporate overhead expenses to business segments. Consistent with U.S. GAAP accounting guidance for segment reporting, we evaluate and manage our business segments using a financial performance measure called pretax operating earnings. Our definition of operating earnings includes interest cash flows associated with notes payable and excludes the following items from net earnings on an after-tax basis: realized investment gains/losses (securities transactions, impairments, and the impact of derivative and hedging activities), nonrecurring items and other non-operating income (loss). We then exclude income taxes related to operations to arrive at pretax operating earnings. Information regarding operations by segment follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
(In millions) | 2016 |  | 2015 |  | 2016 |  | 2015 |
Revenues: |  |  |  |  |  |  |  |
Aflac Japan: |  |  |  |  |  |  |  |
Net earned premiums | $ | 3,596 |  |  | $ | 2,980 |  |  | $ | 10,177 |  |  | $ | 9,036 |  |
Net investment income | 661 |  |  | 606 |  |  | 1,925 |  |  | 1,824 |  |
Other income | 11 |  |  | 8 |  |  | 29 |  |  | 23 |  |
Total Aflac Japan | 4,268 |  |  | 3,594 |  |  | 12,131 |  |  | 10,883 |  |
Aflac U.S.: |  |  |  |  |  |  |  |
Net earned premiums | 1,365 |  |  | 1,345 |  |  | 4,093 |  |  | 4,016 |  |
Net investment income | 176 |  |  | 173 |  |  | 526 |  |  | 507 |  |
Other income | 1 |  |  | 2 |  |  | 5 |  |  | 6 |  |
Total Aflac U.S. | 1,542 |  |  | 1,520 |  |  | 4,624 |  |  | 4,529 |  |
Other business segments | 70 |  |  | 67 |  |  | 206 |  |  | 159 |  |
Total business segment revenues | 5,880 |  |  | 5,181 |  |  | 16,961 |  |  | 15,571 |  |
Realized investment gains (losses) (1) | (166 | ) |  | (136 | ) |  | (324 | ) |  | (36 | ) |
Corporate | 72 |  |  | 73 |  |  | 209 |  |  | 242 |  |
Intercompany eliminations | (52 | ) |  | (51 | ) |  | (145 | ) |  | (185 | ) |
Other non-operating income (loss) | (18 | ) |  | (27 | ) | (2) | (97 | ) |  | (39 | ) | (2)
Total revenues | $ | 5,716 |  |  | $ | 5,040 |  |  | $ | 16,604 |  |  | $ | 15,553 |  |
(1) Excluding a gain of $20 and $22 for the three-month periods and $64 and $62 for the nine-month periods ended September 30, 2016, and 2015, respectively, related to the interest rate component of the change in fair value of foreign currency swaps on notes payable which is classified as an operating gain when analyzing segment operations (2) Includes a loss of $14 for the three- and nine-month periods ended September 30, 2015, related to the change in value of yen repatriation received in advance of settlement of certain foreign currency derivatives. This loss was offset by derivative gains included in realized investment gains (losses).
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
(In millions) | 2016 |  | 2015 |  | 2016 |  | 2015 |
Pretax earnings: |  |  |  |  |  |  |  |
Aflac Japan | $ | 882 |  |  | $ | 789 |  |  | $ | 2,559 |  |  | $ | 2,365 |  |
Aflac U.S. | 323 |  |  | 286 |  |  | 946 |  |  | 864 |  |
Other business segments | 4 |  |  | 5 |  |  | 12 |  |  | 10 |  |
Total business segment pretax operating earnings | 1,209 |  |  | 1,080 |  |  | 3,517 |  |  | 3,239 |  |
Interest expense, noninsurance operations | (31 | ) |  | (30 | ) |  | (90 | ) |  | (117 | ) |
Corporate and eliminations | (31 | ) |  | (23 | ) |  | (91 | ) |  | (64 | ) |
Pretax operating earnings | 1,147 |  |  | 1,027 |  |  | 3,336 |  |  | 3,058 |  |
Realized investment gains (losses) (1) | (166 | ) |  | (136 | ) |  | (324 | ) |  | (36 | ) |
Other non-operating income (loss) | (18 | ) |  | (27 | ) | (2) | (98 | ) |  | (270 | ) | (2),(3)
Total earnings before income taxes | $ | 963 |  |  | $ | 864 |  |  | $ | 2,914 |  |  | $ | 2,752 |  |
Income taxes applicable to pretax operating earnings | $ | 399 |  |  | $ | 355 |  |  | $ | 1,154 |  |  | $ | 1,057 |  |
Effect of foreign currency translation on after-tax operating earnings | 61 |  |  | (58 | ) |  | 110 |  |  | (175 | ) |
(1) Excluding a gain of $20 and $22 for the three-month periods and $64 and $62 for the nine-month periods ended September 30, 2016, and 2015, respectively, related to the interest rate component of the change in fair value of foreign currency swaps on notes payable which is classified as an operating gain when analyzing segment operations (2) Includes a loss of $14 for the three- and nine-month periods ended September 30, 2015, related to the change in value of yen repatriation received in advance of settlement of certain foreign currency derivatives. This loss was offset by derivative gains included in realized investment gains (losses). (3) Includes a cash outflow of $230 for the make-whole payment associated with the early extinguishment of debt Assets were as follows:
(In millions) | September 30, 2016 |  | December 31, 2015
Assets: |  |  |  |  |  |  |
Aflac Japan |  | $ | 121,677 |  |  |  |  | $ | 97,646 |  |
Aflac U.S. |  | 20,126 |  |  |  |  | 18,537 |  |
Other business segments |  | 270 |  |  |  |  | 188 |  |
Total business segment assets |  | 142,073 |  |  |  |  | 116,371 |  |
Corporate |  | 29,617 |  |  |  |  | 23,375 |  |
Intercompany eliminations |  | (27,589 | ) |  |  |  | (21,490 | ) |
Total assets |  | $ | 144,101 |  |  |  |  | $ | 118,256 |  |
Prior-year amounts have been adjusted for the adoption of accounting guidance on January 1, 2016 related to debt issuance costs.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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