XML 63 R48.htm IDEA: XBRL DOCUMENT
v3.20.4

Other Comprehensive Income (Loss) And Accumulated Other Comprehensive Income (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Equity [Abstract] |
Schedule of Comprehensive Income (Loss) | 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 |  |
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) |
Reclassification out of Accumulated Other Comprehensive Income | 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 |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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: | 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=121641772&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration