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SHAREHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2019
Stockholders' Equity Note [Abstract] |
Schedule of Common Stock Outstanding Roll Forward | The following table is a reconciliation of the number of shares of the Company's common stock for the years ended December 31.
(In thousands of shares) | 2019 |  | 2018 |  | 2017
Common stock - issued: |  |  |  |  |
Balance, beginning of period | 1,347,540 |  | 1,345,762 |  | 1,342,498
Exercise of stock options and issuance of restricted shares | 1,769 |  | 1,778 |  | 3,264
Balance, end of period | 1,349,309 |  | 1,347,540 |  | 1,345,762
Treasury stock: |  |  |  |  |
Balance, beginning of period | 592,254 |  | 564,852 |  | 530,877
Purchases of treasury stock: |  |  |  |  |
Share repurchase program | 31,994 |  | 28,949 |  | 35,510
Other | 592 |  | 392 |  | 1,018
Dispositions of treasury stock: |  |  |  |  |
Shares issued to AFL Stock Plan | (1,610) |  | (1,306) |  | (1,782)
Exercise of stock options | (418) |  | (519) |  | (734)
Other | (296) |  | (114) |  | (37)
Balance, end of period | 622,516 |  | 592,254 |  | 564,852
Shares outstanding, end of period | 726,793 |  | 755,286 |  | 780,910
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | 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 at December 31:
(In thousands) | 2019 |  | 2018 |  | 2017
Anti-dilutive share-based awards |  | 6 |  |  |  |  | 44 |  |  |  |  | 510 |  |
Schedule of Weighted Average Number of Shares | The weighted-average shares used in calculating earnings per share for the years ended December 31 were as follows:
(In thousands of shares) | 2019 |  | 2018 |  | 2017
Weighted-average outstanding shares used for calculating basic EPS | 742,414 |  |  | 769,588 |  |  | 792,042 |
Dilutive effect of share-based awards | 4,016 |  |  | 5,062 |  |  | 5,819 |
Weighted-average outstanding shares used for calculating diluted EPS | 746,430 |  |  | 774,650 |  |  | 797,861 |
Changes in Accumulated Other Comprehensive Income (Loss) | The tables below are reconciliations of accumulated other comprehensive income by component for the years ended December 31. Changes in Accumulated Other Comprehensive Income
2019
(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 |  | $ | (1,847 | ) |  |  |  | $ | 4,234 |  |  |  |  | $ | (24 | ) |  |  |  | $ | (212 | ) |  |  |  | $ | 2,151 |  |
Other comprehensive income (loss) before reclassification |  | 224 |  |  |  |  | 4,327 |  |  |  |  | (9 | ) |  |  |  | (76 | ) |  |  |  | 4,466 |  |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 0 |  |  |  |  | (13 | ) |  |  |  | 0 |  |  |  |  | 11 |  |  |  |  | (2 | ) |
Net current-period other comprehensive income (loss) |  | 224 |  |  |  |  | 4,314 |  |  |  |  | (9 | ) |  |  |  | (65 | ) |  |  |  | 4,464 |  |
Balance, end of period |  | $ | (1,623 | ) |  |  |  | $ | 8,548 |  |  |  |  | $ | (33 | ) |  |  |  | $ | (277 | ) |  |  |  | $ | 6,615 |  |
All amounts in the table above are net of tax.
2018
(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 |  | $ | (1,750 | ) |  |  |  | $ | 5,964 |  |  |  |  | $ | (23 | ) |  |  |  | $ | (163 | ) |  |  |  | $ | 4,028 |  |
Cumulative effect of change in accounting principle - financial instruments |  | 0 |  |  |  |  | (148 | ) |  |  |  | 0 |  |  |  |  | 0 |  |  |  |  | (148 | ) |
Cumulative effect of change in accounting principle - tax effects from tax reform |  | (325 | ) |  |  |  | 734 |  |  |  |  | (3 | ) |  |  |  | (32 | ) |  |  |  | 374 |  |
Other comprehensive income (loss) before reclassification |  | 228 |  |  |  |  | (2,350 | ) |  |  |  | 2 |  |  |  |  | (30 | ) |  |  |  | (2,150 | ) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 0 |  |  |  |  | 34 |  |  |  |  | 0 |  |  |  |  | 13 |  |  |  |  | 47 |  |
Net current-period other comprehensive income (loss) |  | 228 |  |  |  |  | (2,316 | ) |  |  |  | 2 |  |  |  |  | (17 | ) |  |  |  | (2,103 | ) |
Balance, end of period |  | $ | (1,847 | ) |  |  |  | $ | 4,234 |  |  |  |  | $ | (24 | ) |  |  |  | $ | (212 | ) |  |  |  | $ | 2,151 |  |
All amounts in the table above are net of tax.
2017
(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 |  | $ | (1,983 | ) |  |  |  | $ | 4,805 |  |  |  |  | $ | (24 | ) |  |  |  | $ | (168 | ) |  |  |  | $ | 2,630 |  |
Other comprehensive income (loss) before reclassification |  | 233 |  |  |  |  | 1,158 |  |  |  |  | 1 |  |  |  |  | (6 | ) |  |  |  | 1,386 |  |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 0 |  |  |  |  | 1 |  |  |  |  | 0 |  |  |  |  | 11 |  |  |  |  | 12 |  |
Net current-period other comprehensive income (loss) |  | 233 |  |  |  |  | 1,159 |  |  |  |  | 1 |  |  |  |  | 5 |  |  |  |  | 1,398 |  |
Balance, end of period |  | $ | (1,750 | ) |  |  |  | $ | 5,964 |  |  |  |  | $ | (23 | ) |  |  |  | $ | (163 | ) |  |  |  | $ | 4,028 |  |
All amounts in the table above are net of tax.
Reclassification out of Accumulated Other Comprehensive Income | The tables below summarize the amounts reclassified from each component of accumulated other comprehensive income based on source for the years ended December 31. Reclassifications Out of Accumulated Other Comprehensive Income
(In millions) | 2019 |
Details about Accumulated Other Comprehensive Income Components | Amount Reclassified from Accumulated Other Comprehensive Income | Affected Line Item in the Statements of Earnings
Unrealized gains (losses) on available-for-sale securities |  | $ | (13 | ) |  | Other-than-temporary impairment losses realized
|  | 31 |  |  | Other gains (losses)
|  | 18 |  |  | Total before tax
|  | (5 | ) |  | Tax (expense) or benefit(1)
|  | $ | 13 |  |  | Net of tax
Amortization of defined benefit pension items: |  |  |  |
Actuarial gains (losses) |  | $ | (15 | ) |  | Acquisition and operating expenses(2)
Prior service (cost) credit |  | 0 |  |  | Acquisition and operating expenses(2)
|  | 4 |  |  | Tax (expense) or benefit(1)
|  | $ | (11 | ) |  | Net of tax
Total reclassifications for the period |  | $ | 2 |  |  | Net of tax
(1) Based on 26% blended tax rate (2) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 14 for additional details).
(In millions) | 2018 |
Details about Accumulated Other Comprehensive Income Components | Amount Reclassified from Accumulated Other Comprehensive Income | Affected Line Item in the Statements of Earnings
Unrealized gains (losses) on available-for-sale securities |  | $ | (63 | ) |  | Other-than-temporary impairment losses realized
|  | 17 |  |  | Other gains (losses)
|  | (46 | ) |  | Total before tax
|  | 12 |  |  | Tax (expense) or benefit(1)
|  | $ | (34 | ) |  | Net of tax
Amortization of defined benefit pension items: |  |  |  |
Actuarial gains (losses) |  | $ | (18 | ) |  | Acquisition and operating expenses(2)
Prior service (cost) credit |  | 0 |  |  | Acquisition and operating expenses(2)
|  | 5 |  |  | Tax (expense) or benefit(1)
|  | $ | (13 | ) |  | Net of tax
Total reclassifications for the period |  | $ | (47 | ) |  | Net of tax
(1) Based on 27% blended tax rate (2) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 14 for additional details).
(In millions) | 2017 |
Details about Accumulated Other Comprehensive Income Components | Amount Reclassified from Accumulated Other Comprehensive Income | Affected Line Item in the Statements of Earnings
Unrealized gains (losses) on available-for-sale securities |  | $ | (29 | ) |  | Other-than-temporary impairment losses realized
|  | 27 |  |  | Other gains (losses)
|  | (2 | ) |  | Total before tax
|  | 1 |  |  | Tax (expense) or benefit(1)
|  | $ | (1 | ) |  | Net of tax
Amortization of defined benefit pension items: |  |  |  |
Actuarial gains (losses) |  | $ | (17 | ) |  | Acquisition and operating expenses(2)
Prior service (cost) credit |  | 0 |  |  | Acquisition and operating expenses(2)
|  | 6 |  |  | Tax (expense) or benefit(1)
|  | $ | (11 | ) |  | Net of tax
Total reclassifications for the period |  | $ | (12 | ) |  | Net of tax
(1) Based on 35% tax rate (2) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 14 for additional details).

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