Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2017

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

A reconciliation of the components of accumulated other comprehensive loss at March 31, 2017 and 2016 is as follows:

	March 31
	2017			2016
Investments, excluding non-credit component of other-than-temporary impairments:
Gross unrealized gains	$	811.0		$	908.0
Gross unrealized losses	(124.3		)	(269.2		)
Net pre-tax unrealized gains	686.7			638.8
Deferred tax liability	(245.3		)	(223.2		)
Net unrealized gains on investments	441.4			415.6
Non-credit components of other-than-temporary impairments on investments:
Unrealized losses	(1.5		)	(18.3		)
Deferred tax asset	0.5			6.6
Net unrealized non-credit component of other-than-temporary impairments on investments	(1.0		)	(11.7		)
Cash flow hedges:
Gross unrealized losses	(239.4		)	(533.2		)
Deferred tax asset	88.0			186.6
Net unrealized losses on cash flow hedges	(151.4		)	(346.6		)
Defined benefit pension plans:
Deferred net actuarial loss	(648.9		)	(628.3		)
Deferred prior service credits	(0.7		)	(0.1		)
Deferred tax asset	254.8			247.8
Net unrecognized periodic benefit costs for defined benefit pension plans	(394.8		)	(380.6		)
Postretirement benefit plans:
Deferred net actuarial loss	(143.7		)	(159.6		)
Deferred prior service credits	56.3			70.1
Deferred tax asset	34.1			35.3
Net unrecognized periodic benefit costs for postretirement benefit plans	(53.3		)	(54.2		)
Foreign currency translation adjustments:
Gross unrealized losses	(4.2		)	(7.5		)
Deferred tax asset	1.5			2.6
Net unrealized losses on foreign currency translation adjustments	(2.7		)	(4.9		)
Accumulated other comprehensive loss	$	(161.8	)	$	(382.4	)

Other comprehensive income (loss) reclassification adjustments for the three months ended March 31, 2017 and 2016 are as follows:

	Three Months Ended March 31
	2017			2016
Investments:
Net holding gain on investment securities arising during the period, net of tax expense of ($46.3) and ($85.4), respectively	$	94.2		$	147.1
Reclassification adjustment for net realized (gain) loss on investment securities, net of tax expense (benefit) of $7.5 and ($13.6), respectively	(14.0		)	25.2
Total reclassification adjustment on investments	80.2			172.3
Non-credit component of other-than-temporary impairments on investments:
Non-credit component of other-than-temporary impairments on investments, net of tax (expense) benefit of ($2.1) and $1.2, respectively	3.6			(1.7		)
Cash flow hedges:
Holding gain (loss), net of tax (expense) benefit of ($2.7) and $142.9, respectively	17.0			(265.5		)
Other:
Net change in unrecognized periodic benefit costs for defined benefit pension and postretirement benefit plans, net of tax expense of ($2.3) and ($2.4), respectively	3.9			3.8
Foreign currency translation adjustment, net of tax expense of ($0.7) and ($0.7), respectively	1.4			1.3
Net gain (loss) recognized in other comprehensive income, net of tax (expense) benefit of ($46.6) and $42.0, respectively	$	106.1		$	(89.8	)