Equity (Tables)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Schedule of Stock by Class

Preferred stock authorized, issued and outstanding was as follows:

	March 31, 2018			December 31, 2017
Series	Shares Authorized	Shares Issued	Shares Outstanding	Shares Authorized	Shares Issued	Shares Outstanding
Floating Rate Non-Cumulative Preferred Stock, Series A	27,600,000	24,000,000	24,000,000	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	1,500,000	1,500,000	1,500,000
5.875% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series D	500,000	500,000	500,000	—	—	—
Series A Junior Participating Preferred Stock	10,000,000	—	—	10,000,000	—	—
Not designated	160,400,000	—	—	160,900,000	—	—
Total	200,000,000	26,000,000	26,000,000	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 March 31, 2018
	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	$	12,757		$	905		$	(4,390	)	$	(1,845	)	$	7,427
OCI before reclassifications	(3,811		)	(352		)	552			(4		)	(3,615		)
Deferred income tax benefit (expense)	835			58			3			1			897
AOCI before reclassifications, net of income tax	9,781			611			(3,835		)	(1,848		)	4,709
Amounts reclassified from AOCI	45			(165		)	—			31			(89		)
Deferred income tax benefit (expense)	(10		)	27			—			(7		)	10
Amounts reclassified from AOCI, net of income tax	35			(138		)	—			24			(79		)
Cumulative effects of changes in accounting principles	(425		)	—			—			—			(425		)
Deferred income tax benefit (expense), cumulative effects of changes in accounting principles	1,473			210			36			(382		)	1,337
Cumulative effects of changes in accounting principles, net of income tax (2)	1,048			210			36			(382		)	912
Sale of subsidiary (3)	—			—			92			—			92
Balance, end of period	$	10,864		$	683		$	(3,707	)	$	(2,206	)	$	5,634
	Three Months Ended March 31, 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	$	10,785		$	1,865		$	(5,312	)	$	(1,972	)	$	5,366
OCI before reclassifications	703			210			348			(20		)	1,241
Deferred income tax benefit (expense)	(273		)	(73		)	122			2			(222		)
AOCI before reclassifications, net of income tax	11,215			2,002			(4,842		)	(1,990		)	6,385
Amounts reclassified from AOCI	196			(229		)	—			44			11
Deferred income tax benefit (expense)	(75		)	80			—			(5		)	—
Amounts reclassified from AOCI, net of income tax	121			(149		)	—			39			11
Balance, end of period	$	11,336		$	1,853		$	(4,842	)	$	(1,951	)	$	6,396

__________________

(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 1 for further information on adoption of new accounting pronouncements.

(3) See Note 3 for further information on the 2018 disposition.

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 March 31,
	2018			2017
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	(101	)	$	40		Net investment gains (losses)
Net unrealized investment gains (losses)	3			6			Net investment income
Net unrealized investment gains (losses)	53			(151		)	Net derivative gains (losses)
Net unrealized investment gains (losses)	—			(91		)	Discontinued operations
Net unrealized investment gains (losses), before income tax	(45		)	(196		)
Income tax (expense) benefit	10			75
Net unrealized investment gains (losses), net of income tax	(35		)	(121		)
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	16			8			Net derivative gains (losses)
Interest rate swaps	3			4			Net investment income
Interest rate swaps	—			1			Discontinued operations
Interest rate forwards	5			(4		)	Net derivative gains (losses)
Interest rate forwards	1			—			Net investment income
Interest rate forwards	—			1			Discontinued operations
Foreign currency swaps	139			208			Net derivative gains (losses)
Foreign currency swaps	1			1			Other expenses
Foreign currency swaps	—			10			Discontinued operations
Gains (losses) on cash flow hedges, before income tax	165			229
Income tax (expense) benefit	(27		)	(80		)
Gains (losses) on cash flow hedges, net of income tax	138			149
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	(36		)	(49		)
Amortization of prior service (costs) credit	5			5
Amortization of defined benefit plan items, before income tax	(31		)	(44		)
Income tax (expense) benefit	7			5
Amortization of defined benefit plan items, net of income tax	(24		)	(39		)
Total reclassifications, net of income tax	$	79		$	(11	)

__________________

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