XML 54 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity (Tables)
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)
Information regarding changes in the balances of each component of AOCI attributable to MetLife, Inc., net of income tax, was as follows:
 
Three Months 
 Ended 
 March 31, 2014
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Defined
Benefit
Plans
Adjustment
 
Total
 
(In millions)
Balance, beginning of period
$
8,183

 
$
231

 
$
(1,659
)
 
$
(1,651
)
 
$
5,104

OCI before reclassifications
4,852

 
321

 
(217
)
 
—

 
4,956

Income tax expense (benefit)
(1,645
)
 
(113
)
 
33

 
—

 
(1,725
)
OCI before reclassifications, net of income tax
11,390

 
439

 
(1,843
)
 
(1,651
)
 
8,335

Amounts reclassified from AOCI
(173
)
 
(54
)
 
—

 
45

 
(182
)
Income tax expense (benefit)
59

 
19

 
—

 
(16
)
 
62

Amounts reclassified from AOCI, net of income tax
(114
)
 
(35
)
 
—

 
29

 
(120
)
Balance, end of period
$
11,276

 
$
404

 
$
(1,843
)
 
$
(1,622
)
 
$
8,215


 
Three Months 
 Ended 
 March 31, 2013
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Defined
Benefit
Plans
Adjustment
 
Total
 
(In millions)
Balance, beginning of period
$
13,590

 
$
829

 
$
(533
)
 
$
(2,489
)
 
$
11,397

OCI before reclassifications
(174
)
 
(62
)
 
(597
)
 
—

 
(833
)
Income tax expense (benefit)
75

 
22

 
(75
)
 
—

 
22

OCI before reclassifications, net of income tax
13,491

 
789

 
(1,205
)
 
(2,489
)
 
10,586

Amounts reclassified from AOCI
(280
)
 
181

 
—

 
55

 
(44
)
Income tax expense (benefit)
121

 
(65
)
 
—

 
(18
)
 
38

Amounts reclassified from AOCI, net of income tax
(159
)
 
116

 
—

 
37

 
(6
)
Balance, end of period
$
13,332

 
$
905

 
$
(1,205
)
 
$
(2,452
)
 
$
10,580

__________________
(1)
See Note 6 for information on offsets to investments related to insurance liabilities, DAC and VOBA and the policyholder dividend obligation.
Reclassification out of Accumulated Other Comprehensive Income (Loss)
Information regarding amounts reclassified out of each component of AOCI was as follows:
AOCI Components
 
Amounts Reclassified from AOCI
 
Statement of Operations and
Comprehensive Income (Loss) Location
 
 
Three Months 
 Ended 
 March 31, 2014
 
Three Months 
 Ended 
 March 31, 2013
 
 
 
 
(In millions)
 
 
Net unrealized investment gains (losses):
 
 
 
 
 
 
Net unrealized investment gains (losses)
 
$
108

 
$
290

 
Net investment gains (losses)
Net unrealized investment gains (losses)
 
26

 
21

 
Net investment income
Net unrealized investment gains (losses)
 
35

 
—

 
Net derivative gains (losses)
OTTI
 
4

 
(31
)
 
Net investment gains (losses)
Net unrealized investment gains (losses), before income tax
 
173

 
280

 
 
Income tax (expense) benefit
 
(59
)
 
(121
)
 
 
Net unrealized investment gains (losses), net of income tax
 
$
114

 
$
159

 
 
Unrealized gains (losses) on derivatives - cash flow hedges:
 
 
 
 
 
 
Interest rate swaps
 
$
15

 
$
4

 
Net derivative gains (losses)
Interest rate swaps
 
2

 
2

 
Net investment income
Interest rate forwards
 
—

 
3

 
Net derivative gains (losses)
Interest rate forwards
 
1

 
1

 
Net investment income
Interest rate forwards
 
—

 
(1
)
 
Other expenses
Foreign currency swaps
 
36

 
(189
)
 
Net derivative gains (losses)
Foreign currency swaps
 
(1
)
 
(1
)
 
Net investment income
Foreign currency swaps
 
1

 
—

 
Other expenses
Gains (losses) on cash flow hedges, before income tax
 
54

 
(181
)
 
 
Income tax (expense) benefit
 
(19
)
 
65

 
 
Gains (losses) on cash flow hedges, net of income tax
 
$
35

 
$
(116
)
 
 
 
 
 
 
 
 
 
Defined benefit plans adjustment: (1)
 
 
 
 
 
 
Amortization of net actuarial gains (losses)
 
$
(44
)
 
$
(71
)
 
 
Amortization of prior service (costs) credit
 
(1
)
 
16

 
 
Amortization of defined benefit plan items, before income tax
 
(45
)
 
(55
)
 
 
Income tax (expense) benefit
 
16

 
18

 
 
Amortization of defined benefit plan items, net of income tax
 
$
(29
)
 
$
(37
)
 
 
Total reclassifications, net of income tax
 
$
120

 
$
6

 
 
__________________
(1)
These AOCI components are included in the computation of net periodic benefit costs. See Note 11.