Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2021

A reconciliation of the components of accumulated other comprehensive loss at June 30, 2021 and 2020 is as follows:


	June 30
	2021		2020
Investments:
Gross unrealized gains	$	1,095	$	974
Gross unrealized losses	(89)		(229)
Net pre-tax unrealized gains	1,006		745
Deferred tax liability	(240)		(183)
Adjustment for noncontrolling interest	(4)		—
Net unrealized gains on investments	762		562
Non-credit components of impairments on investments:
Gross unrealized losses	—		(32)
Deferred tax asset	—		8
Net unrealized non-credit component of impairments on investments	—		(24)
Cash flow hedges:
Gross unrealized losses	(308)		(323)
Deferred tax asset	64		67
Net unrealized losses on cash flow hedges	(244)		(256)
Defined benefit pension plans:
Deferred net actuarial loss	(723)		(707)
Deferred prior service credits	—		(1)
Deferred tax asset	184		181
Net unrecognized periodic benefit costs for defined benefit pension plans	(539)		(527)
Postretirement benefit plans:
Deferred net actuarial loss	(3)		(25)
Deferred prior service costs	10		16
Deferred tax (liability) asset	(2)		2
Net unrecognized periodic benefit credit (costs) for postretirement benefit plans	5		(7)
Foreign currency translation adjustments:
Gross unrealized losses	(1)		(3)
Deferred tax asset	—		1
Net unrealized losses on foreign currency translation adjustments	(1)		(2)
Accumulated other comprehensive loss	$	(17)	$	(254)

Other comprehensive income (loss) reclassification adjustments for the three months ended June 30, 2021 and 2020 are as follows:





	Three Months Ended June 30
	2021		2020
Investments:
Net holding gains on investment securities arising during the period, net of tax expense of ($61) and ($238), respectively	$	201	$	741
Reclassification adjustment for net realized gains on investment securities, net of tax expense of $7 and $4, respectively	(26)		(11)
Total reclassification adjustment on investments	175		730
Non-credit component of impairments on investments:
Non-credit component of impairments on investments, net of tax expense of $0 and ($2), respectively	1		10
Cash flow hedges:
Holding gain, net of tax expense of ($1) and ($1), respectively	2		3
Other:
Net change in unrecognized periodic benefit costs for defined benefit pension and postretirement benefit plans, net of tax expense of ($2) and ($4), respectively	8		10
Foreign currency translation adjustment, net of tax benefit of $1 and $0, respectively	(6)		1
Net gain recognized in other shareholders’ comprehensive income, net of tax expense of ($56) and ($241), respectively	180		754
Net loss related to noncontrolling interests, net of tax benefit of $1 and $0, respectively	(2)		—
Net gain recognized in other comprehensive income, net of tax expense of ($55) and ($241), respectively	$	178	$	754

Other comprehensive income (loss) reclassification adjustments for the six months ended June 30, 2021 and 2020 are as follows:


	Six Months Ended June 30
	2021		2020
Investments:
Net holding (loss) gains on investment securities arising during the period, net of tax benefit (expense) of $46 and ($23), respectively	$	(125)	$	33
Reclassification adjustment for net realized (loss) gains on investment securities, net of tax expense (benefit) of $16 and ($5), respectively	(62)		8
Total reclassification adjustment on investments	(187)		41
Non-credit component of impairments on investments:
Non-credit component of impairments on investments, net of tax (expense) benefit of ($1) and $7, respectively	2		(22)
Cash flow hedges:
Holding gain, net of tax expense of ($2) and ($2), respectively	6		6
Other:
Net change in unrecognized periodic benefit costs for defined benefit pension and postretirement benefit plans, net of tax expense of ($6) and ($7), respectively	18		17
Foreign currency translation adjustment, net of tax benefit of $1 and $0, respectively	(6)		—
Net (loss) gain recognized in other shareholders’ comprehensive income, net of tax benefit (expense) of $54 and ($30), respectively	(167)		42
Net loss related to noncontrolling interests, net of tax benefit of $1 and $0, respectively	—		—
Net (loss) gain recognized in other comprehensive income, net of tax benefit (expense) of $55 and ($30), respectively	$	(167)	$	42