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Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2018
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
Third Quarter 2018

 
Net Unrealized
Gains (Losses) on Investments with no OTTI
 
Net Unrealized
Gains (Losses) on Investments with OTTI
 
Net Unrealized Gains (Losses) on FG VIEs’ Liabilities with Recourse due to ISCR
 
Cumulative
Translation
Adjustment
 
Cash Flow 
Hedge
 
Total 
AOCI
 
(in millions)
Balance, June 30, 2018
$
83

 
$
124

 
$
(31
)
 
$
(32
)
 
$
8

 
$
152

Other comprehensive income (loss) before reclassifications
(59
)
 
(16
)
 
(5
)
 
(3
)
 
—

 
(83
)
Less: Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
1

 
(8
)
 
—

 
—

 
—

 
(7
)
Fair value gains (losses) on FG VIEs
—

 
—

 
(2
)
 
—

 
—

 
(2
)
Total before tax
1

 
(8
)
 
(2
)
 
—

 
—

 
(9
)
Tax (provision) benefit
(1
)
 
1

 
0

 
—

 
—

 
0

Total amount reclassified from AOCI, net of tax
0

 
(7
)
 
(2
)
 
—

 
—

 
(9
)
Net current period other comprehensive income (loss)
(59
)
 
(9
)
 
(3
)
 
(3
)
 
—

 
(74
)
Balance, September 30, 2018
$
24

 
$
115

 
$
(34
)
 
$
(35
)
 
$
8

 
$
78



Changes in Accumulated Other Comprehensive Income by Component
Third Quarter 2017

 
Net Unrealized
Gains (Losses) on
Investments with no OTTI
 
Net Unrealized
Gains (Losses) on
Investments with OTTI
 
Cumulative
Translation
Adjustment
 
Cash Flow 
Hedge
 
Total 
AOCI
 
(in millions)
Balance, June 30, 2017
$
228

 
$
107

 
$
(27
)
 
$
7

 
$
315

Other comprehensive income (loss) before reclassifications
27

 
(15
)
 
3

 
—

 
15

Less: Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
24

 
(17
)
 
—

 
—

 
7

Total before tax
24

 
(17
)
 
—

 
—

 
7

Tax (provision) benefit
(9
)
 
6

 
—

 
0

 
(3
)
Total amount reclassified from AOCI, net of tax
15

 
(11
)
 
—

 
0

 
4

Net current period other comprehensive income (loss)
12

 
(4
)
 
3

 
0

 
11

Balance, September 30, 2017
$
240

 
$
103

 
$
(24
)
 
$
7

 
$
326



Changes in Accumulated Other Comprehensive Income by Component
Nine Months 2018

 
Net Unrealized
Gains (Losses) on Investments with no OTTI
 
Net Unrealized
Gains (Losses) on Investments with OTTI
 
Net Unrealized Gains (Losses) on FG VIEs’ Liabilities with Recourse due to ISCR
 
Cumulative
Translation
Adjustment
 
Cash Flow 
Hedge
 
Total 
AOCI
 
(in millions)
Balance, December 31, 2017
$
273

 
$
120

 
$
—

 
$
(29
)
 
$
8

 
$
372

Effect of adoption of ASU 2016-01
1

 
—

 
(33
)
 
—

 
—

 
(32
)
Other comprehensive income (loss) before reclassifications
(245
)
 
(21
)
 
(6
)
 
(6
)
 
—

 
(278
)
Less: Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
6

 
(19
)
 
—

 
—

 
—

 
(13
)
Fair value gains (losses) on FG VIEs
—

 
—

 
(6
)
 
—

 
—

 
(6
)
Total before tax
6

 
(19
)
 
(6
)
 
—

 
—

 
(19
)
Tax (provision) benefit
(1
)
 
3

 
1

 
—

 
—

 
3

Total amount reclassified from AOCI, net of tax
5

 
(16
)
 
(5
)
 
—

 
—

 
(16
)
Net current period other comprehensive income (loss)
(250
)
 
(5
)
 
(1
)
 
(6
)
 
—

 
(262
)
Balance, September 30, 2018
$
24

 
$
115

 
$
(34
)
 
$
(35
)
 
$
8

 
$
78



Changes in Accumulated Other Comprehensive Income by Component
Nine Months 2017

 
Net Unrealized
Gains (Losses) on
Investments with no OTTI
 
Net Unrealized
Gains (Losses) on
Investments with OTTI
 
Cumulative
Translation
Adjustment
 
Cash Flow 
Hedge
 
Total 
AOCI
 
(in millions)
Balance, December 31, 2016
$
171

 
$
10

 
$
(39
)
 
$
7

 
$
149

Other comprehensive income (loss) before reclassifications
133

 
81

 
15

 
—

 
229

Less: Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
71

 
(18
)
 
—

 
—

 
53

Net investment income
28

 
—

 
—

 
—

 
28

Total before tax
99

 
(18
)
 
—

 
—

 
81

Tax (provision) benefit
(35
)
 
6

 
—

 
0

 
(29
)
Total amount reclassified from AOCI, net of tax
64

 
(12
)
 
—

 
0

 
52

Net current period other comprehensive income (loss)
69

 
93

 
15

 
0

 
177

Balance, September 30, 2017
$
240

 
$
103

 
$
(24
)
 
$
7

 
$
326
Schedule of Share Repurchases

Share Repurchases

Period
 
Number of Shares Repurchased
 
Total Payments
(in millions)
 
Average Price Paid Per Share
2017 (January 1 - March 31)
 
5,430,041

 
$
216

 
$
39.83

2017 (April 1 - June 30, 2017)
 
3,456,711

 
135

 
39.05

2017 (July 1 - September 30, 2017)
 
1,847,901

 
80

 
43.29

2017 (October 1 - December 31, 2017)
 
1,934,990

 
70

 
36.18

Total 2017
 
12,669,643

 
$
501

 
$
39.57

2018 (January 1 - March 31)
 
2,787,936

 
98

 
35.20

2018 (April 1 - June 30)
 
4,163,190

 
152

 
36.48

2018 (July 1 - September 30)
 
3,299,049

 
130

 
39.41

2018 (October 1 through November 9, 2018)
 
1,183,469

 
49

 
41.29

Total 2018
 
11,433,644

 
$
429

 
$
37.51

Cumulative repurchases since the beginning of 2013
 
92,746,494

 
$
2,645

 
$
28.52
Schedule of Dividends
Dividends

 
Third Quarter
 
Nine Months
 
2018
 
2017
 
2018
 
2017
 
(in millions, except per share amounts)
Dividends declared per share
$
0.16

 
$
0.1425

 
$
0.48

 
$
0.4275

Dividends declared
17

 
17

 
54

 
53