XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.20.2

Shareholders' Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Stockholders' Equity Note [Abstract] |
Schedule of components of OCI [Table Text Block] | The following tables provide the amounts related to each component of OCI:
| Three Months Ended June 30, |  |  |  |  |  |  |  |  |  |
| 2020 |  |  |  |  |  | 2019 |  |  |  |
| Pretax |  | Income Tax Benefit (Expense) |  | Net of Tax |  | Pretax |  | Income Tax Benefit (Expense) |  | Net of Tax
| (in millions) |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities arising during the period (1) | $ | 1,532 |  |  | $ | (329) |  |  | $ | 1,203 |  |  | $ | 512 |  |  | $ | (60) |  |  | $ | 452 |
Reclassification of net (gains) losses on securities included in net income (2) | (4) |  |  | 1 |  |  | (3) |  |  | — |  |  | — |  |  | — |
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables | (637) |  |  | 134 |  |  | (503) |  |  | (259) |  |  | 55 |  |  | (204) |
Net unrealized gains (losses) on securities | 891 |  |  | (194) |  |  | 697 |  |  | 253 |  |  | (5) |  |  | 248 |
Foreign currency translation | (8) |  |  | — |  |  | (8) |  |  | (15) |  |  | 1 |  |  | (14) |
Total other comprehensive income (loss) | $ | 883 |  |  | $ | (194) |  |  | $ | 689 |  |  | $ | 238 |  |  | $ | (4) |  |  | $ | 234 |
| Six Months Ended June 30, |  |  |  |  |  |  |  |  |  |
| 2020 |  |  |  |  |  | 2019 |  |  |  |
| Pretax |  | Income Tax Benefit (Expense) |  | Net of Tax |  | Pretax |  | Income Tax Benefit (Expense) |  | Net of Tax
| (in millions) |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities arising during the period (1) | $ | 337 |  |  | $ | (65) |  |  | $ | 272 |  |  | $ | 1,169 |  |  | $ | (201) |  |  | $ | 968 |
Reclassification of net (gains) losses on securities included in net income (2) | 4 |  |  | (1) |  |  | 3 |  |  | (5) |  |  | 1 |  |  | (4) |
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables | (129) |  |  | 27 |  |  | (102) |  |  | (499) |  |  | 105 |  |  | (394) |
Net unrealized gains (losses) on securities | 212 |  |  | (39) |  |  | 173 |  |  | 665 |  |  | (95) |  |  | 570 |
Net unrealized gains (losses) on derivatives: |  |  |  |  |  |  |  |  |  |  |
Reclassification of net (gains) losses on derivatives included in net income (3) | — |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1) |
Net unrealized gains (losses) on derivatives | — |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1) |
Foreign currency translation | (42) |  |  | 1 |  |  | (41) |  |  | (9) |  |  | — |  |  | (9) |
Total other comprehensive income (loss) | $ | 170 |  |  | $ | (38) |  |  | $ | 132 |  |  | $ | 655 |  |  | $ | (95) |  |  | $ | 560 |
(1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period. (2) Reclassification amounts are recorded in net investment income. (3) Includes nil and $1 million pretax gain reclassified to interest and debt expense for the six months ended June 30, 2020 and 2019, respectively.
Schedule of amounts reclassified from AOCI [Table Text Block] | The following tables present the changes in the balances of each component of AOCI, net of tax:
| Net Unrealized Gains (Losses) on Securities |  | Net Unrealized Gains (Losses) on Derivatives |  | Defined Benefit Plans |  | Foreign Currency Translation |  | Other |  | Total
| (in millions) |  |  |  |  |  |  |  |  |  |
Balance, April 1, 2020 | $ | 52 |  |  | $ | 6 |  |  | $ | (138) |  |  | $ | (214) |  |  | $ | (1) |  |  | $ | (295) |
OCI before reclassifications | 700 |  |  | — |  |  | — |  |  | (8) |  |  | — |  |  | 692 |
Amounts reclassified from AOCI | (3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3) |
Total OCI | 697 |  |  | — |  |  | — |  |  | (8) |  |  | — |  |  | 689 |
Balance, June 30, 2020 | $ | 749 |  | (1) | $ | 6 |  |  | $ | (138) |  |  | $ | (222) |  |  | $ | (1) |  |  | $ | 394 |
Balance, January 1, 2020 | $ | 576 |  |  | $ | 6 |  |  | $ | (138) |  |  | $ | (181) |  |  | $ | (1) |  |  | $ | 262 |
OCI before reclassifications | 170 |  |  | — |  |  | — |  |  | (41) |  |  | — |  |  | 129 |
Amounts reclassified from AOCI | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |
Total OCI | 173 |  |  | — |  |  | — |  |  | (41) |  |  | — |  |  | 132 |
Balance, June 30, 2020 | $ | 749 |  | (1) | $ | 6 |  |  | $ | (138) |  |  | $ | (222) |  |  | $ | (1) |  |  | $ | 394 |
| Net Unrealized Gains (Losses) on Securities |  | Net Unrealized Gains (Losses) on Derivatives |  | Defined Benefit Plans |  | Foreign Currency Translation |  | Other |  | Total
| (in millions) |  |  |  |  |  |  |  |  |  |
Balance, April 1, 2019 | $ | 342 |  |  | $ | 7 |  |  | $ | (120) |  |  | $ | (193) |  |  | $ | (1) |  |  | $ | 35 |
OCI before reclassifications | 248 |  |  | — |  |  | — |  |  | (14) |  |  | — |  |  | 234 |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total OCI | 248 |  |  | — |  |  | — |  |  | (14) |  |  | — |  |  | 234 |
Balance, June 30, 2019 | $ | 590 |  | (1) | $ | 7 |  |  | $ | (120) |  |  | $ | (207) |  |  | $ | (1) |  |  | $ | 269 |
Balance, January 1, 2019 | $ | 20 |  |  | $ | 8 |  |  | $ | (120) |  |  | $ | (198) |  |  | $ | (1) |  |  | $ | (291) |
OCI before reclassifications | 574 |  |  | — |  |  | — |  |  | (9) |  |  | — |  |  | 565 |
Amounts reclassified from AOCI | (4) |  |  | (1) |  |  | — |  |  | — |  |  | — |  |  | (5) |
Total OCI | 570 |  |  | (1) |  |  | — |  |  | (9) |  |  | — |  |  | 560 |
Balance, June 30, 2019 | $ | 590 |  | (1) | $ | 7 |  |  | $ | (120) |  |  | $ | (207) |  |  | $ | (1) |  |  | $ | 269 |
(1) Includes nil and $(1) million of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of June 30, 2020 and June 30, 2019, respectively.

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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