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Other Comprehensive Income (Loss) And Accumulated Other Comprehensive Income | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income | OTHER COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED OTHER COMPREHENSIVE INCOME The components of Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (“AOCI”) for the years ended December 31, 2020, 2019 and 2018 were:
|  | Changes in Net Unrealized Gains (Losses) on Investment Securities |  |  |  |  |  |  |  |  |
DOLLARS IN MILLIONS |  | Having No Credit Losses Recognized in Consolidated Statements of Income |  | Having Credit Losses Recognized in Consolidated Statements of Income |  | Foreign Currency Translation Adjustments |  | Net Unrecognized Postretirement Benefit Costs |  | Gain (Loss) on Cash Flow Hedges |  | Total Accumulated Other Comprehensive Income (Loss) |
Balance at December 30, 2017 As Reported |  | $ | 269.7 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | (72.2) |  |  | $ | (3.3) |  |  | $ | 194.4 |  |
Cumulative Effect of Adoption of New Accounting Standards |  | 36.3 |  |  | — |  |  | (0.4) |  |  | (17.0) |  |  | (0.7) |  |  | 18.2 |  |
Balance at January 1, 2018 As Adjusted |  | 306.0 |  |  | — |  |  | (0.2) |  |  | (89.2) |  |  | (4.0) |  |  | 212.6 |  |
Other Comprehensive Income (Loss) Before Reclassification Adjustment, Net of Tax |  | (169.2) |  |  | — |  |  | (0.1) |  |  | (5.4) |  |  | 0.9 |  |  | (173.8) |  |
Reclassification Adjustment for Amounts Included in Net Income, Net of Tax |  | (17.3) |  |  | — |  |  | 0.3 |  |  | — |  |  | — |  |  | (17.0) |  |
Other Comprehensive Income (Loss), Net of Tax |  | (186.5) |  |  | — |  |  | 0.2 |  |  | (5.4) |  |  | 0.9 |  |  | (190.8) |  |
Balance at December 30, 2018 |  | $ | 119.3 |  |  | $ | — |  |  | $ | — |  |  | $ | (94.5) |  |  | $ | (3.0) |  |  | $ | 21.8 |  |
Other Comprehensive Income (Loss) Before Reclassification Adjustment, Net of Tax |  | 342.4 |  |  | — |  |  | — |  |  | (6.1) |  |  | 0.3 |  |  | 336.6 |  |
Reclassification Adjustment for Amounts Included in Net Income, Net of Tax |  | (22.3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (22.3) |  |
Other Comprehensive Income (Loss), Net of Tax |  | 320.1 |  |  | — |  |  | — |  |  | (6.1) |  |  | 0.3 |  |  | 314.3 |  |
Balance at December 30, 2019 |  | $ | 439.4 |  |  | $ | — |  |  | $ | — |  |  | $ | (100.6) |  |  | $ | (2.7) |  |  | $ | 336.1 |  |
Other Comprehensive Income (Loss) Before Reclassification Adjustment, Net of Tax |  | 304.4 |  |  | (2.1) |  |  | — |  |  | 4.3 |  |  | 0.4 |  |  | 307.0 |  |
Reclassification Adjustment for Amounts Included in Net Income, Net of Tax |  | (13.2) |  |  | — |  |  | — |  |  | 50.6 |  |  | — |  |  | 37.4 |  |
Other Comprehensive Income (Loss), Net of Tax |  | 291.2 |  |  | (2.1) |  |  | — |  |  | 54.9 |  |  | 0.4 |  |  | 344.4 |  |
Balance at December 30, 2020 |  | $ | 730.6 |  |  | $ | (2.1) |  |  | $ | — |  |  | $ | (45.7) |  |  | $ | (2.3) |  |  | $ | 680.5 |  |
NOTE 13. OTHER COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Continued) The pre-tax components of the Other Comprehensive Income (Loss) and the related Income Tax Benefit (Expense) for the years ended December 31, 2020, 2019 and 2018 were:
DOLLARS IN MILLIONS |  | 2020 |  | 2019 |  | 2018
Changes in Net Unrealized Gains (Losses) on Investment Securities: |  |  |  |  |  |
Having No Credit Losses Recognized in Consolidated Statements of Income |  | $ | 386.7 |  |  | $ | 433.4 |  |  | $ | (214.2) |
Income Tax Benefit (Expense) |  | (82.3) |  |  | (91.0) |  |  | 45.0 |
Net of Taxes |  | 304.4 |  |  | 342.4 |  |  | (169.2) |
Having Credit Losses Recognized in Consolidated Statements of Income |  | (2.6) |  |  | — |  |  | — |
Income Tax Benefit (Expense) |  | 0.5 |  |  | — |  |  | — |
Net of Taxes |  | (2.1) |  |  | — |  |  | — |
Reclassification Adjustment for Amounts Included in Net Income |  | (16.8) |  |  | (28.1) |  |  | (21.9) |
Income Tax Benefit (Expense) |  | 3.6 |  |  | 5.8 |  |  | 4.6 |
Net of Taxes |  | (13.2) |  |  | (22.3) |  |  | (17.3) |
Changes in Foreign Currency Translation Adjustments |  | — |  |  | — |  |  | 0.3 |
Income Tax Benefit (Expense) |  | — |  |  | — |  |  | (0.1) |
Net of Taxes |  | — |  |  | — |  |  | 0.2 |
Changes in Net Unrecognized Postretirement Benefit Costs |  | 70.2 |  |  | (7.8) |  |  | (6.9) |
Income Tax Benefit (Expense) |  | (15.3) |  |  | 1.7 |  |  | 1.5 |
Net of Taxes |  | 54.9 |  |  | (6.1) |  |  | (5.4) |
Changes in Gain (Loss) on Cash Flow Hedges |  | 0.4 |  |  | 0.4 |  |  | 1.2 |
Income Tax Benefit (Expense) |  | — |  |  | (0.1) |  |  | (0.3) |
Net of Taxes |  | 0.4 |  |  | 0.3 |  |  | 0.9 |
Total Other Comprehensive Income (Loss) Before Income Taxes |  | 437.9 |  |  | 397.9 |  |  | (241.5) |
Total Income Tax Benefit (Expense) |  | (93.5) |  |  | (83.6) |  |  | 50.7 |
Total Other Comprehensive Income (Loss), Net of Taxes |  | $ | 344.4 |  |  | $ | 314.3 |  |  | $ | (190.8) |
NOTE 13. OTHER COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Continued) Components of AOCI were reclassified to the following lines of the Consolidated Statements of Income for the years ended December 31, 2020, 2019 and 2018:
DOLLARS IN MILLIONS |  | 2020 |  | 2019 |  | 2018
Reclassification of AOCI from Net Unrealized Gains and Losses on Investments to: |  |  |  |  |  |
Net Realized Gains on Sales of Investments |  | $ | 36.3 |  |  | $ | 41.9 |  |  | $ | 26.4 |
Impairment Losses |  | (19.5) |  |  | (13.8) |  |  | (4.5) |
Total Before Income Taxes |  | 16.8 |  |  | 28.1 |  |  | 21.9 |
Income Tax Expense |  | (3.6) |  |  | (5.8) |  |  | (4.6) |
Reclassification from AOCI, Net of Income Taxes |  | 13.2 |  |  | 22.3 |  |  | 17.3 |
Reclassification of AOCI from Unrecognized Postretirement Benefit Costs to: |  |  |  |  |  |
Interest and Other (Expenses) Income |  | (70.2) |  |  | 3.0 |  |  | (1.1) |
Income Tax Benefit (Expense) |  | 15.3 |  |  | (0.7) |  |  | 0.2 |
Reclassification from AOCI, Net of Income Taxes |  | (54.9) |  |  | 2.3 |  |  | (0.9) |
Reclassification of AOCI from Loss on Cash Flow Hedges to: |  |  |  |  |  |
Interest and Other Expenses |  | (0.4) |  |  | (0.4) |  |  | (0.3) |
Income Tax Benefit |  | — |  |  | 0.1 |  |  | 0.1 |
Reclassification from AOCI, Net of Income Taxes |  | (0.4) |  |  | (0.3) |  |  | (0.2) |
Total Reclassification from AOCI to Net Income |  | $ | (42.1) |  |  | $ | 24.3 |  |  | $ | 16.2 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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