Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2020

A reconciliation of the components of accumulated other comprehensive income (loss) at December 31, 2020 and 2019 is as follows:


	2020		2019
Investments:
Gross unrealized gains	$	1,316	$	720
Gross unrealized losses	(65)		(44)
Net pretax unrealized gains	1,251		676
Deferred tax liability	(302)		(155)
Net unrealized gains on investments	949		521
Non-credit components of impairments on investments:
Gross unrealized losses	(3)		(3)
Deferred tax asset	1		1
Net unrealized non-credit component of impairments on investments	(2)		(2)
Cash flow hedges:
Gross unrealized losses	(316)		(331)
Deferred tax asset	66		69
Net unrealized losses on cash flow hedges	(250)		(262)
Defined benefit pension plans:
Deferred net actuarial loss	(749)		(734)
Deferred prior service cost	—		(1)
Deferred tax asset	190		188
Net unrecognized periodic benefit costs for defined benefit pension plans	(559)		(547)
Postretirement benefit plans:
Deferred net actuarial loss	(3)		(25)
Deferred prior service credits	12		19
Deferred tax (liability) asset	(2)		2
Net unrecognized periodic benefit credit (costs) for postretirement benefit plans	7		(4)
Foreign currency translation adjustments:
Gross unrealized gains (losses)	6		(3)
Deferred tax (liability) asset	(1)		1
Net unrealized gains (losses) on foreign currency translation adjustments	5		(2)
Accumulated other comprehensive income (loss)	$	150	$	(296)

Other comprehensive income (loss) reclassification adjustments for the years ended December 31, 2020, 2019 and 2018 are as follows:


	2020		2019		2018
Investments:
Net holding gain (loss) on investment securities arising during the period, net of tax (expense) benefit of $(160), $(198), and $133, respectively	$	478	$	695	$	(465)
Reclassification adjustment for net realized (gain) loss on investment securities, net of tax expense (benefit) of $13, $4, and $(13), respectively	(50)		(15)		47
Total reclassification adjustment on investments	428		680		(418)
Non-credit component of impairments on investments:
Non-credit component of impairments on investments, net of tax benefit of $0, $0, and $1, respectively	—		—		(2)
Cash flow hedges:
Holding gain (loss), net of tax (expense) benefit of $(3), $4, and $(10), respectively	12		(16)		37
Other:
Net change in unrecognized periodic benefit costs for defined benefit pension and postretirement benefit plans, net of tax (expense) benefit of $(2), $(9), and $29, respectively	(1)		26		(90)
Foreign currency translation adjustment, net of tax expense of $2, $0, and $0, respectively	7		—		(1)
Net gain (loss) recognized in other comprehensive income (loss), net of tax (expense) benefit of $(154), $(199), and $140, respectively	$	446	$	690	$	(474)