XML 50 R38.htm IDEA: XBRL DOCUMENT
v3.22.2

Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
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 six months ended June 30, 2022:
(in millions) | Unrealized gains (losses) on debt securities |  |  | Foreign currency translation adjustment |  |  | Pension benefit adjustment |  |  | Accumulated other comprehensive income (loss) |
Balance at December 31, 2021 | $ | 29 |  |  | $ | (39 | ) |  | $ | (82 | ) |  | $ | (92 | )
Change in unrealized gains (losses) on debt securities |  | (852 | ) |  |  | — |  |  |  | — |  |  |  | (852 | )
Change in foreign currency translation adjustment |  | — |  |  |  | (23 | ) |  |  | — |  |  |  | (23 | )
Amortization of net actuarial loss |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 3 |
Tax effect |  | 214 |  |  |  | 1 |  |  |  | (1 | ) |  |  | 214 |
Balance at June 30, 2022 | $ | (609 | ) |  | $ | (61 | ) |  | $ | (80 | ) |  | $ | (750 | )
Adjustments for Reclassification of Other Comprehensive Income (Loss) | The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended June 30, 2022 and 2021:
(in millions) |  | Unrealized gains (losses) on debt securities |  |  | Foreign currency translation adjustment |  |  | Pension benefit adjustment |  |  | Total other comprehensive income (loss) |
Three Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications |  | $ | (363 | ) |  | $ | (24 | ) |  | $ | — |  |  | $ | (387 | )
Reclassifications out of AOCI |  |  | 7 |  |  |  | — |  |  |  | 1 |  |  |  | 8 |
Tax effect |  |  | 89 |  |  |  | 1 |  |  |  | — |  |  |  | 90 |
Total other comprehensive income (loss), net of tax |  | $ | (267 | ) |  | $ | (23 | ) |  | $ | 1 |  |  | $ | (289 | )
Three Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications |  | $ | 56 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 61 |
Reclassifications out of AOCI |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | (6 | )
Tax effect |  |  | (13 | ) |  |  | 2 |  |  |  | — |  |  |  | (11 | )
Total other comprehensive income (loss), net of tax |  | $ | 37 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 44 |
The following table presents the other comprehensive income (loss) reclassification adjustments for the six months ended June 30, 2022 and 2021:
(in millions) |  | Unrealized gains (losses) on debt securities |  |  | Foreign currency translation adjustment |  |  | Pension benefit adjustment |  |  | Total other comprehensive income (loss) |
Six Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications |  | $ | (860 | ) |  | $ | (23 | ) |  | $ | — |  |  | $ | (883 | )
Reclassifications out of AOCI |  |  | 8 |  |  |  | — |  |  |  | 3 |  |  |  | 11 |
Tax effect |  |  | 214 |  |  |  | 1 |  |  |  | (1 | ) |  |  | 214 |
Total other comprehensive income (loss), net of tax |  | $ | (638 | ) |  | $ | (22 | ) |  | $ | 2 |  |  | $ | (658 | )
Six Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications |  | $ | (71 | ) |  | $ | 9 |  |  | $ | — |  |  | $ | (62 | )
Reclassifications out of AOCI |  |  | (11 | ) |  |  | — |  |  |  | 2 |  |  |  | (9 | )
Tax effect |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | 19 |
Total other comprehensive income (loss), net of tax |  | $ | (63 | ) |  | $ | 9 |  |  | $ | 2 |  |  | $ | (52 | )
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 condensed consolidated statements of income:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |  |  | Affected line items
(in millions) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |
Unrealized gains (losses) on debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net realized (losses) gains on sales of debt securities |  | $ | (7 | ) |  | $ | 6 |  |  | $ | (8 | ) |  | $ | 11 |  |  | Net realized investment (losses) gains
Tax effect |  | $ | 2 |  |  | $ | (2 | ) |  | $ | 2 |  |  | $ | (3 | ) |  |
Pension benefit adjustment (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of net actuarial loss |  | $ | (1 | ) |  | $ | (1 | ) |  | $ | (3 | ) |  | $ | (3 | ) |  | Other operating expenses
Amortization of prior service credit |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  | Other operating expenses
Pretax total |  | $ | (1 | ) |  | $ | — |  |  | $ | (3 | ) |  | $ | (2 | ) |  |
Tax effect |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  |
(1) | Amounts are components of net periodic cost. See Note 11 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 https://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 https://asc.fasb.org/extlink&oid=126968391&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 https://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