XML 42 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Other Expenses (Tables)
3 Months Ended
Mar. 31, 2017
Other Income and Expenses [Abstract]  
Other Expenses
Information on other expenses was as follows:
 
 
Three Months
Ended
March 31,
 
 
2017
 
2016
 
 
(In millions)
Compensation
 
$
1,189

 
$
1,310

Pension, postretirement and postemployment benefit costs
 
80

 
140

Commissions
 
1,010

 
1,134

Volume-related costs
 
198

 
266

Capitalization of DAC
 
(796
)
 
(981
)
Amortization of DAC and VOBA
 
533

 
995

Amortization of negative VOBA
 
(43
)
 
(99
)
Interest expense on debt
 
296

 
312

Premium taxes, licenses and fees
 
188

 
215

Professional services
 
387

 
330

Rent and related expenses, net of sublease income
 
81

 
97

Other
 
441

 
473

Total other expenses
 
$
3,564

 
$
4,192

Restructuring and Related Costs [Table Text Block]
The Company commenced in 2016 a unit cost improvement program related to the Company’s refreshed enterprise strategy. This global strategy focuses on transforming the Company to become more digital, driving efficiencies and innovation to achieve competitive advantage, and simplified, decreasing the costs and risks associated with the Company’s highly complex industry to customers and shareholders. Restructuring charges related to this program are included in other expenses. As the expenses relate to an enterprise-wide initiative, they are reported in Corporate & Other. Management anticipates further restructuring charges through the year ending December 31, 2019. However, such restructuring plans were not sufficiently developed to enable management to make an estimate of such restructuring charges at March 31, 2017. Such restructuring charges were as follows:
 
Three Months Ended March 31, 2017
 
Severance
 
(In millions)
Balance, beginning of period
$
35

Restructuring charges
11

Cash payments
(8
)
Balance, end of period
$
38

Total restructuring charges incurred since inception of initiative
$
46