Equity (Tables)

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

	Three Months Ended June 30, 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	$	13,332	$	905	$	(1,205)	$	(2,452)	$	10,580
OCI before reclassifications		(3,476)		(215)		(620)		2		(4,309)
Amounts reclassified from AOCI		(147)		44		—		34		(69)
Balance, end of period	$	9,709	$	734	$	(1,825)	$	(2,416)	$	6,202
	Six Months Ended June 30, 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		(3,575)		(255)		(1,292)		2		(5,120)
Amounts reclassified from AOCI		(306)		160		—		71		(75)
Balance, end of period	$	9,709	$	734	$	(1,825)	$	(2,416)	$	6,202

(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 June 30, 2013		Six Months Ended June 30, 2013
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	171	$	461	Other net investment gains (losses)
Net unrealized investment gains (losses)		22		43	Net investment income
OTTI		(4)		(35)	OTTI on fixed maturity securities
Net unrealized investment gains (losses), before income tax		189		469
Income tax (expense) benefit		(42)		(163)
Net unrealized investment gains (losses), net of income tax	$	147	$	306
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	$	10	$	14	Net derivative gains (losses)
Interest rate swaps		2		4	Net investment income
Interest rate forwards		3		6	Net derivative gains (losses)
Interest rate forwards		—		1	Net investment income
Interest rate forwards		—		(1)	Other expenses
Foreign currency swaps		(68)		(257)	Net derivative gains (losses)
Foreign currency swaps		(1)		(2)	Net investment income
Credit forwards		1		1	Net investment income
Gains (losses) on cash flow hedges, before income tax		(53)		(234)
Income tax (expense) benefit		9		74
Gains (losses) on cash flow hedges, net of income tax	$	(44)	$	(160)
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	$	(70)	$	(141)
Amortization of prior service (costs) credit		18		34
Amortization of defined benefit plan items, before income tax		(52)		(107)
Income tax (expense) benefit		18		36
Amortization of defined benefit plan items, net of income tax	$	(34)	$	(71)
Total reclassifications, net of income tax	$	69	$	75

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