XML 52 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Shareholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income by Component
The following tables present the changes in each component of AOCI and the effect of reclassifications out of AOCI on the respective line items in net income.

Changes in Accumulated Other Comprehensive Income by Component
Second Quarter 2016

 
Net Unrealized
Gains (Losses) on
Investments with no Other-Than-Temporary Impairment
 
Net Unrealized
Gains (Losses) on
Investments with Other-Than-Temporary Impairment
 
Cumulative
Translation
Adjustment
 
Cash Flow Hedge
 
Total Accumulated
Other
Comprehensive
Income
 
(in millions)
Balance, March 31, 2016
$
350

 
$
(21
)
 
$
(18
)
 
$
8

 
$
319

Other comprehensive income (loss) before reclassifications
84

 
(6
)
 
(8
)
 
—

 
70

Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
(13
)
 
4

 
—

 
—

 
(9
)
Net investment income
—

 
—

 
—

 
—

 
—

Interest expense
—

 
—

 
—

 
(1
)
 
(1
)
Total before tax
(13
)
 
4

 
—

 
(1
)
 
(10
)
Tax (provision) benefit
5

 
(1
)
 
—

 
0

 
4

Total amount reclassified from AOCI, net of tax
(8
)
 
3

 
—

 
(1
)
 
(6
)
Net current period other comprehensive income (loss)
76

 
(3
)
 
(8
)
 
(1
)
 
64

Balance, June 30, 2016
$
426

 
$
(24
)
 
$
(26
)
 
$
7

 
$
383


Changes in Accumulated Other Comprehensive Income by Component
Second Quarter 2015

 
Net Unrealized
Gains (Losses) on
Investments with no Other-Than-Temporary Impairment
 
Net Unrealized
Gains (Losses) on
Investments with Other-Than-Temporary Impairment
 
Cumulative
Translation
Adjustment
 
Cash Flow Hedge
 
Total Accumulated
Other
Comprehensive
Income
 
(in millions)
Balance, March 31, 2015
$
372

 
$
5

 
$
(15
)
 
$
8

 
$
370

Other comprehensive income (loss) before reclassifications
(136
)
 
(6
)
 
6

 
—

 
(136
)
Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
1

 
8

 
—

 
—

 
9

Interest expense
—

 
—

 
—

 
0

 
0

Total before tax
1

 
8

 
—

 
0

 
9

Tax (provision) benefit
(1
)
 
(3
)
 
—

 
0

 
(4
)
Total amount reclassified from AOCI, net of tax
0

 
5

 
—

 
0

 
5

Net current period other comprehensive income (loss)
(136
)
 
(1
)
 
6

 
0

 
(131
)
Balance, June 30, 2015
$
236

 
$
4

 
$
(9
)
 
$
8

 
$
239



Changes in Accumulated Other Comprehensive Income by Component
Six Months 2016

 
Net Unrealized
Gains (Losses) on
Investments with no Other-Than-Temporary Impairment
 
Net Unrealized
Gains (Losses) on
Investments with Other-Than-Temporary Impairment
 
Cumulative
Translation
Adjustment
 
Cash Flow Hedge
 
Total Accumulated
Other
Comprehensive
Income
 
(in millions)
Balance, December 31, 2015
$
260

 
$
(15
)
 
$
(16
)
 
$
8

 
$
237

Other comprehensive income (loss) before reclassifications
179

 
(23
)
 
(10
)
 
—

 
146

Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
(17
)
 
21

 
—

 
—

 
4

Net investment income
(3
)
 
—

 
—

 
—

 
(3
)
Interest expense
—

 
—

 
—

 
(1
)
 
(1
)
Total before tax
(20
)
 
21

 
—

 
(1
)
 
0

Tax (provision) benefit
7

 
(7
)
 
—

 
0

 
0

Total amount reclassified from AOCI, net of tax
(13
)
 
14

 
—

 
(1
)
 
0

Net current period other comprehensive income (loss)
166

 
(9
)
 
(10
)
 
(1
)
 
146

Balance, June 30, 2016
$
426

 
$
(24
)
 
$
(26
)
 
$
7

 
$
383



Changes in Accumulated Other Comprehensive Income by Component
Six Months 2015

 
Net Unrealized
Gains (Losses) on
Investments with no Other-Than-Temporary Impairment
 
Net Unrealized
Gains (Losses) on
Investments with Other-Than-Temporary Impairment
 
Cumulative
Translation
Adjustment
 
Cash Flow Hedge
 
Total Accumulated
Other
Comprehensive
Income
 
(in millions)
Balance, December 31, 2014
$
367

 
$
4

 
$
(10
)
 
$
9

 
$
370

Other comprehensive income (loss) before reclassifications
(118
)
 
(8
)
 
1

 
—

 
(125
)
Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 


Net realized investment gains (losses)
(19
)
 
12

 
—

 
—

 
(7
)
Interest expense
—

 
—

 
—

 
(1
)
 
(1
)
Total before tax
(19
)
 
12

 
—

 
(1
)
 
(8
)
Tax (provision) benefit
6

 
(4
)
 
—

 
0

 
2

Total amount reclassified from AOCI, net of tax
(13
)
 
8

 
—

 
(1
)
 
(6
)
Net current period other comprehensive income (loss)
(131
)
 
0

 
1

 
(1
)
 
(131
)
Balance, June 30, 2015
$
236

 
$
4

 
$
(9
)
 
$
8

 
$
239
Schedule of Share Repurchases
Share Repurchases

Period
 
Number of Shares Repurchased
 
Total Payments(in millions)
 
Average Price Paid Per Share
2013
 
12,512,759

 
$
264

 
$
21.12

2014
 
24,413,781

 
590

 
24.17

2015 (January 1 - March 31)
 
5,860,291

 
152

 
25.87

2015 (April 1 - June 30)
 
4,737,388

 
133

 
28.13

2015 (July 1 - September 30)
 
5,362,103

 
135

 
25.17

2015 (October 1 - December 31)
 
5,035,637

 
135

 
26.81

Total 2015
 
20,995,419

 
555

 
26.43

2016 (January 1 - March 31)
 
3,038,928

 
75

 
24.69

2016 (April 1 - June 30)
 
2,331,474

 
60

 
25.73

Total 2016 (through June 30)
 
5,370,402

 
135

 
25.14

2016 (July 1 - through August 3, 2016)
 
772,635

 
20

 
25.89

Total 2016
 
6,143,037

 
155

 
25.24

Cumulative repurchases since the beginning of 2013
 
64,064,996

 
$
1,564

 
$
24.42