Equity (Tables)

9 Months Ended

Sep. 30, 2017

Equity [Abstract]

Schedule of Stock by Class

Preferred stock authorized, issued and outstanding was as follows at both September 30, 2017 and December 31, 2016:

Series	Shares Authorized	Shares Issued	Shares Outstanding
Floating Rate Non-Cumulative Preferred Stock, Series A	27,600,000	24,000,000	24,000,000
5.25% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C	1,500,000	1,500,000	1,500,000
Series A Junior Participating Preferred Stock	10,000,000	—	—
Not designated	160,900,000	—	—
Total	200,000,000	25,500,000	25,500,000

Components of Accumulated Other Comprehensive Income (Loss)

Information regarding changes in the balances of each component of AOCI attributable to MetLife, Inc., was as follows:

	Three Months Ended September 30, 2017
	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	$	13,469		$	1,569		$	(4,679	)	$	(1,923	)	$	8,436
OCI before reclassifications	803			(166		)	193			2			832
Deferred income tax benefit (expense)	(270		)	56			(6		)	2			(218		)
AOCI before reclassifications, net of income tax	14,002			1,459			(4,492		)	(1,919		)	9,050
Amounts reclassified from AOCI	(360		)	(307		)	—			40			(627		)
Deferred income tax benefit (expense)	126			107			—			(17		)	216
Amounts reclassified from AOCI, net of income tax	(234		)	(200		)	—			23			(411		)
Disposal of subsidiary (2)	(2,286		)	(305		)	51			28			(2,512		)
Deferred income tax benefit (expense)	800			107			(19		)	(10		)	878
Disposal of subsidiary, net of income tax	(1,486		)	(198		)	32			18			(1,634		)
Balance, end of period	$	12,282		$	1,061		$	(4,460	)	$	(1,878	)	$	7,005
	Three Months Ended September 30, 2016
	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	$	18,204		$	2,431		$	(4,020	)	$	(1,983	)	$	14,632
OCI before reclassifications	(1,066		)	(24		)	49			(259		)	(1,300		)
Deferred income tax benefit (expense)	281			8			30			85			404
AOCI before reclassifications, net of income tax	17,419			2,415			(3,941		)	(2,157		)	13,736
Amounts reclassified from AOCI	(173		)	(94		)	—			46			(221		)
Deferred income tax benefit (expense)	60			30			—			(10		)	80
Amounts reclassified from AOCI, net of income tax	(113		)	(64		)	—			36			(141		)
Disposal of subsidiary (2)	—			—			—			—			—
Deferred income tax benefit (expense)	—			—			—			—			—
Disposal of subsidiary, net of income tax	—			—			—			—			—
Balance, end of period	$	17,306		$	2,351		$	(3,941	)	$	(2,121	)	$	13,595

	Nine Months Ended September 30, 2017
	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	$	10,766		$	1,865		$	(5,312	)	$	(1,972	)	$	5,347
OCI before reclassifications	4,826			37			710			(17		)	5,556
Deferred income tax benefit (expense)	(1,686		)	(14		)	110			7			(1,583		)
AOCI before reclassifications, net of income tax	13,906			1,888			(4,492		)	(1,982		)	9,320
Amounts reclassified from AOCI	(211		)	(965		)	—			125			(1,051		)
Deferred income tax benefit (expense)	73			336			—			(39		)	370
Amounts reclassified from AOCI, net of income tax	(138		)	(629		)	—			86			(681		)
Disposal of subsidiary (2)	(2,286		)	(305		)	51			28			(2,512		)
Deferred income tax benefit (expense)	800			107			(19		)	(10		)	878
Disposal of subsidiary, net of income tax	(1,486		)	(198		)	32			18			(1,634		)
Balance, end of period	$	12,282		$	1,061		$	(4,460	)	$	(1,878	)	$	7,005
	Nine Months Ended September 30, 2016
	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	$	10,315		$	1,458		$	(4,950	)	$	(2,052	)	$	4,771
OCI before reclassifications	10,872			1,472			809			(248		)	12,905
Deferred income tax benefit (expense)	(3,656		)	(460		)	200			81			(3,835		)
AOCI before reclassifications, net of income tax	17,531			2,470			(3,941		)	(2,219		)	13,841
Amounts reclassified from AOCI	(339		)	(174		)	—			145			(368		)
Deferred income tax benefit (expense)	114			55			—			(47		)	122
Amounts reclassified from AOCI, net of income tax	(225		)	(119		)	—			98			(246		)
Disposal of subsidiary (2)	—			—			—			—			—
Deferred income tax benefit (expense)	—			—			—			—			—
Disposal of subsidiary, net of income tax	—			—			—			—			—
Balance, end of period	$	17,306		$	2,351		$	(3,941	)	$	(2,121	)	$	13,595

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(1) See Note 6 for information on offsets to investments related to future policy benefits, DAC, VOBA and DSI, and the policyholder dividend obligation.

(2) See Note 3.

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												Consolidated Statements of Operations and Comprehensive Income (Loss) Locations
	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	303		$	113		$	386		$	317		Net investment gains (losses)
Net unrealized investment gains (losses)	(1		)	4			—			23			Net investment income
Net unrealized investment gains (losses)	55			(1		)	(89		)	21			Net derivative gains (losses)
Net unrealized investment gains (losses)	3			57			(86		)	(22		)	Discontinued operations
Net unrealized investment gains (losses), before income tax	360			173			211			339
Income tax (expense) benefit	(126		)	(60		)	(73		)	(114		)
Net unrealized investment gains (losses), net of income tax	234			113			138			225
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	9			28			23			44			Net derivative gains (losses)
Interest rate swaps	5			3			12			9			Net investment income
Interest rate swaps	—			1			2			14			Discontinued operations
Interest rate forwards	(1		)	—			(5		)	—			Net derivative gains (losses)
Interest rate forwards	—			—			2			2			Net investment income
Interest rate forwards	—			—			1			1			Other expenses
Interest rate forwards	—			2			3			4			Discontinued operations
Foreign currency swaps	294			54			915			90			Net derivative gains (losses)
Foreign currency swaps	—			—			(1		)	(1		)	Net investment income
Foreign currency swaps	—			—			1			1			Other expenses
Foreign currency swaps	—			5			11			6			Discontinued operations
Credit forwards	—			—			1			3			Net derivative gains (losses)
Credit forwards	—			1			—			1			Net investment income
Gains (losses) on cash flow hedges, before income tax	307			94			965			174
Income tax (expense) benefit	(107		)	(30		)	(336		)	(55		)
Gains (losses) on cash flow hedges, net of income tax	200			64			629			119
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	(46		)	(47		)	(143		)	(150		)
Amortization of prior service (costs) credit	6			1			18			5
Amortization of defined benefit plan items, before income tax	(40		)	(46		)	(125		)	(145		)
Income tax (expense) benefit	17			10			39			47
Amortization of defined benefit plan items, net of income tax	(23		)	(36		)	(86		)	(98		)
Total reclassifications, net of income tax	$	411		$	141		$	681		$	246

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(1) These AOCI components are included in the computation of net periodic benefit costs. See Note 12.