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Equity (Tables)
3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)
                                         
    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 at December 31, 2012

  $ 13,590      $ 829      $ (533)     $ (2,489)     $     11,397   

OCI before reclassifications, net of income tax

    (99)       (40)       (672)             (811)  

Amounts reclassified from AOCI, net of income tax

    (159)       116              37        (6)  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at March 31, 2013

  $ 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)
             

AOCI Components

  Amounts Reclassified
from AOCI
   

Statement of Operations and
Comprehensive Income Location

    Three Months
Ended
March 31, 2013
     
    (In millions)      

Net unrealized investment gains (losses):

           

Net unrealized investment gains (losses)

  $ 290      Other net investment gains (losses)

Net unrealized investment gains (losses)

    21      Net investment income

OTTI

    (31)     OTTI on fixed maturity securities
   

 

 

     

Net unrealized investment gains (losses), before income tax

    280       

Income tax (expense) benefit

    (121)      
   

 

 

     

Net unrealized investment gains (losses), net of income tax

  $ 159       
   

 

 

     
     

Unrealized gains (losses) on derivatives - cash flow hedges:

           

Interest rate swaps

  $     Net derivative gains (losses)

Interest rate swaps

        Net investment income

Interest rate forwards

        Net derivative gains (losses)

Interest rate forwards

        Net investment income

Interest rate forwards

    (1)     Other expenses

Foreign currency swaps

    (189)     Net derivative gains (losses)

Foreign currency swaps

    (1)     Net investment income
   

 

 

     

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

    (181)      

Income tax (expense) benefit

    65       
   

 

 

     

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

  $ (116)      
   

 

 

     
     

Defined benefit plans adjustment: (1)

           

Amortization of net actuarial gains (losses)

  $ (71)      

Amortization of prior service (costs) credit

    16       
   

 

 

     

Amortization of defined benefit plan items, before income tax

    (55)      

Income tax (expense) benefit

    18       
   

 

 

     

Amortization of defined benefit plan items, net of income tax

  $ (37)      
   

 

 

     

Total reclassifications, net of income tax

  $      
   

 

 

     

 

 

 

(1)

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