XML 78 R57.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Accumulated Other Comprehensive Income Other Comprehensive Income [Abstract] |
Components of Accumulated Other Comprehensive Income (Loss) | The following table presents a summary of the changes in each component of AOCI for the years ended December 31, 2021, 2020 and 2019:
| First American Financial Corporation |  |
(in millions) | Unrealized gains (losses) on debt securities |  |  | Foreign currency translation adjustment |  |  | Pension benefit adjustment |  |  | Accumulated other comprehensive income (loss) |  |
Balance at December 31, 2018 | $ | (41 | ) |  | $ | (66 | ) |  | $ | (53 | ) |  | $ | (160 | ) |
Change in unrealized gains (losses) on debt securities |  | 164 |  |  |  | — |  |  |  | — |  |  |  | 164 |  |
Change in foreign currency translation adjustment |  | — |  |  |  | 15 |  |  |  | — |  |  |  | 15 |  |
Net actuarial loss |  | — |  |  |  | — |  |  |  | (27 | ) |  |  | (27 | ) |
Amortization of net actuarial loss |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 4 |  |
Amortization of prior service credit |  | — |  |  |  | — |  |  |  | (4 | ) |  |  | (4 | ) |
Tax effect |  | (39 | ) |  |  | (1 | ) |  |  | 7 |  |  |  | (33 | ) |
Balance at December 31, 2019 |  | 84 |  |  |  | (52 | ) |  |  | (73 | ) |  |  | (41 | ) |
Change in unrealized gains (losses) on debt securities |  | 116 |  |  |  | — |  |  |  | — |  |  |  | 116 |  |
Change in unrealized gains (losses) on debt securities for which credit-related portion was recognized in earnings |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |  |
Change in foreign currency translation adjustment |  | — |  |  |  | 14 |  |  |  | — |  |  |  | 14 |  |
Net actuarial loss |  | — |  |  |  | — |  |  |  | (31 | ) |  |  | (31 | ) |
Amortization of net actuarial loss |  | — |  |  |  | — |  |  |  | 5 |  |  |  | 5 |  |
Amortization of prior service credit |  | — |  |  |  | — |  |  |  | (3 | ) |  |  | (3 | ) |
Tax effect |  | (29 | ) |  |  | — |  |  |  | 8 |  |  |  | (21 | ) |
Balance at December 31, 2020 | $ | 172 |  |  | $ | (38 | ) |  | $ | (94 | ) |  | $ | 40 |  |
Change in unrealized gains (losses) on debt securities |  | (189 | ) |  |  | — |  |  |  | — |  |  |  | (189 | ) |
Change in foreign currency translation adjustment |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (2 | ) |
Net actuarial gain |  | — |  |  |  | — |  |  |  | 11 |  |  |  | 11 |  |
Amortization of net actuarial loss |  | — |  |  |  | — |  |  |  | 7 |  |  |  | 7 |  |
Amortization of prior service credit |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | (1 | ) |
Tax effect |  | 46 |  |  |  | 1 |  |  |  | (5 | ) |  |  | 42 |  |
Balance at December 31, 2021 | $ | 29 |  |  | $ | (39 | ) |  | $ | (82 | ) |  | $ | (92 | ) |
Adjustments for Reclassification of Other Comprehensive Income (Loss) | The following table presents the other comprehensive income (loss) reclassification adjustments for the years ended December 31, 2021, 2020 and 2019:
| Unrealized gains (losses) on debt securities |  |  | Foreign currency translation adjustment |  |  | Pension benefit adjustment |  |  | Total other comprehensive income (loss) |
| (in millions) |
Year ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications | $ | (169 | ) |  | $ | (2 | ) |  | $ | 11 |  |  | $ | (160 | )
Reclassifications out of AOCI |  | (20 | ) |  |  | — |  |  |  | 6 |  |  |  | (14 | )
Tax effect |  | 46 |  |  |  | 1 |  |  |  | (5 | ) |  |  | 42 |
Total other comprehensive income (loss), net of tax | $ | (143 | ) |  | $ | (1 | ) |  | $ | 12 |  |  | $ | (132 | )
Year ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications | $ | 125 |  |  | $ | 14 |  |  | $ | (31 | ) |  | $ | 108 |
Reclassifications out of AOCI |  | (8 | ) |  |  | — |  |  |  | 2 |  |  |  | (6 | )
Tax effect |  | (29 | ) |  |  | — |  |  |  | 8 |  |  |  | (21 | )
Total other comprehensive income (loss), net of tax | $ | 88 |  |  | $ | 14 |  |  | $ | (21 | ) |  | $ | 81 |
Year ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications | $ | 168 |  |  | $ | 15 |  |  | $ | (27 | ) |  | $ | 156 |
Reclassifications out of AOCI |  | (4 | ) |  |  | — |  |  |  | — |  |  |  | (4 | )
Tax effect |  | (39 | ) |  |  | (1 | ) |  |  | 7 |  |  |  | (33 | )
Total other comprehensive income (loss), net of tax | $ | 125 |  |  | $ | 14 |  |  | $ | (20 | ) |  | $ | 119 |
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | The following table presents the effects of the reclassifications out of AOCI on the respective line items in the consolidated statements of income:
| Amounts reclassified from AOCI |  |  |  |  |
| Year ended December 31, |  |  |  |  |
(in millions) | 2021 |  |  | 2020 |  |  | 2019 |  |  |  | Affected line items |
Unrealized gains (losses) on debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net realized gains on sales of debt securities | $ | 20 |  |  | $ | 15 |  |  | $ | 4 |  |  |  | Net investment gains |
Credit losses recognized on debt securities |  | — |  |  |  | (7 | ) |  |  | — |  |  |  | Net investment gains |
Pretax total | $ | 20 |  |  | $ | 8 |  |  | $ | 4 |  |  |  |  |
Tax effect | $ | (5 | ) |  | $ | (2 | ) |  | $ | (1 | ) |  |  |  |
Pension benefit adjustment (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of net actuarial loss | $ | (7 | ) |  | $ | (5 | ) |  | $ | (4 | ) |  |  | Other operating expenses |
Amortization of prior service credit |  | 1 |  |  |  | 3 |  |  |  | 4 |  |  |  | Other operating expenses |
Pretax total | $ | (6 | ) |  | $ | (2 | ) |  | $ | — |  |  |  |  |
Tax effect | $ | 2 |  |  | $ | 1 |  |  | $ | — |  |  |  |  |
(1) | Amounts are components of net periodic cost. See Note 17 Employee Benefit Plans for additional details.

X
- Definition Accumulated other comprehensive income other comprehensive income. + References No definition available. + Details
Name: | faf_AccumulatedOtherComprehensiveIncomeOtherComprehensiveIncomeAbstract
Namespace Prefix: | faf_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of other comprehensive income (loss) reclassification adjustments. + References No definition available. + Details
Name: | faf_OtherComprehensiveIncomeLossReclassificationAdjustmentsTableTextBlock
Namespace Prefix: | faf_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: 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=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration