XML 43 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Equity (Tables)
 3 Months Ended
Mar. 31, 2021
Stockholders' Equity Note [Abstract]  
Schedule of Stock by Class [Table Text Block]
The changes in number of common stock shares issued, held in treasury and outstanding are as follows for the periods indicated:
IssuedHeld In TreasuryOutstanding
Balance, December 31, 202085,310,598 17,353,697 67,956,901 
Stock-based compensation (1)
— (28,342)28,342 
Balance, March 31, 202185,310,598 17,325,355 67,985,243 
IssuedHeld In TreasuryOutstanding
Balance, December 31, 201979,137,758 16,481,656 62,656,102 
Common Stock acquired— 1,074,413 (1,074,413)
Stock-based compensation (1)
— (64,654)64,654 
Balance, March 31, 202079,137,758 17,491,415 61,646,343 
(1)Represents net shares issued from treasury pursuant to the Company’s equity-based compensation programs.
Components of Accumulated Other Comprehensive Income
The balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the three months ended March 31, 2021 and 2020 are as follows (dollars in millions):
 Accumulated Other Comprehensive Income (Loss), Net of Income Tax
 Accumulated
Currency
Translation
Adjustments
Unrealized
Appreciation
(Depreciation)
of Investments(1)
Pension and
Postretirement
Benefits		Total
Balance, December 31, 2020$(69)$5,500 $(72)$5,359 
Other comprehensive income (loss) before reclassifications35 (2,947)(1)(2,913)
Amounts reclassified to (from) AOCI— (113)1 (112)
Deferred income tax benefit (expense)(5)673 — 668 
Balance, March 31, 2021$(39)$3,113 $(72)$3,002 
 Accumulated Other Comprehensive Income (Loss), Net of Income Tax
 Accumulated
Currency
Translation
Adjustments
Unrealized
Appreciation
(Depreciation)
of Investments(1)
Pension and
Postretirement
Benefits		Total
Balance, December 31, 2019$(92)$3,299 $(70)$3,137 
Other comprehensive income (loss) before reclassifications(112)(2,496)(5)(2,613)
Amounts reclassified to (from) AOCI— 141 1 142 
Deferred income tax benefit (expense)(19)482 1 464 
Balance, March 31, 2020$(223)$1,426 $(73)$1,130 
(1)Includes cash flow hedges of $(71) and $(49) as of March 31, 2021 and December 31, 2020, respectively, and $(87) and $(26) as of March 31, 2020 and December 31, 2019, respectively. See Note 5 – “Derivative Instruments” for additional information on cash flow hedges.
Reclassification Out Of Accumulated Other Comprehensive Income
The following table presents the amounts of AOCI reclassifications for the three months ended March 31, 2021 and 2020 (dollars in millions):
Amount Reclassified from AOCI
Three months ended March 31,Affected Line Item in 
Statement of Income
Details about AOCI Components20212020
Net unrealized investment gains (losses):
Net unrealized gains (losses) on available-for-sale securities$157 $(39)Investment related gains (losses), net
Cash flow hedges – Interest rate— — (1)
Cash flow hedges – Currency/Interest rate(2)— (1)
Deferred policy acquisition costs attributed to unrealized gains and losses(42)(102)(2)
Total113 (141)
Provision for income taxes(24)27 
Net unrealized gains (losses), net of tax$89 $(114)
Amortization of defined benefit plan items:
Prior service cost (credit)
$— $— (3)
Actuarial gains (losses)(1)(1)(3)
Total(1)(1)
Provision for income taxes— — 
Amortization of defined benefit plans, net of tax$(1)$(1)
Total reclassifications for the period$88 $(115)
(1)See Note 5 – “Derivative Instruments” for additional information on cash flow hedges.
(2)This AOCI component is included in the computation of the deferred policy acquisition cost. See Note 8 – “Deferred Policy Acquisition Costs” of the 2020 Annual Report for additional details.
(3)This AOCI component is included in the computation of the net periodic pension cost. See Note 10 – “Employee Benefit Plans” for additional details.