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Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 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
Year Ended December 31, 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 Accumulated
Other
Comprehensive
Income
 
(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
(208
)
 
(58
)
 
(5
)
 
(8
)
 

 
(279
)
Less: Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
7

 
(38
)
 

 

 

 
(31
)
Fair value gains (losses) on FG VIEs

 

 
(9
)
 

 

 
(9
)
Interest expense

 

 

 

 

 
0

Total before tax
7

 
(38
)
 
(9
)
 

 

 
(40
)
Tax (provision) benefit

 
6

 
2

 

 

 
8

Total amount reclassified from AOCI, net of tax
7

 
(32
)
 
(7
)
 

 

 
(32
)
Net current period other comprehensive income (loss)
(215
)
 
(26
)
 
2

 
(8
)
 

 
(247
)
Balance, December 31, 2018
$
59

 
$
94

 
$
(31
)
 
$
(37
)
 
$
8

 
$
93



Changes in Accumulated Other Comprehensive Income by Component
Year Ended December 31, 2017

 
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, 2016
$
171

 
$
10

 
$
(39
)
 
$
7

 
$
149

Reclassification of stranded tax effects (see Note 1)
38

 
21

 
(5
)
 
2

 
56

Other comprehensive income (loss) before reclassifications
128

 
69

 
15

 

 
212

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

 
(31
)
 

 

 
40

Net investment income
27

 
1

 

 

 
28

Interest expense

 

 

 
1

 
1

Total before tax
98

 
(30
)
 

 
1

 
69

Tax (provision) benefit
(34
)
 
10

 

 

 
(24
)
Total amount reclassified from AOCI, net of tax
64

 
(20
)
 

 
1

 
45

Net current period other comprehensive income (loss)
64

 
89

 
15

 
(1
)
 
167

Balance, December 31, 2017
$
273

 
$
120

 
$
(29
)
 
$
8

 
$
372



Changes in Accumulated Other Comprehensive Income by Component
Year Ended December 31, 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
(71
)
 
(9
)
 
(23
)
 

 
(103
)
Less: Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
23

 
(52
)
 

 

 
(29
)
Net investment income
3

 

 

 

 
3

Interest expense

 

 

 
1

 
1

Total before tax
26

 
(52
)
 

 
1

 
(25
)
Tax (provision) benefit
(8
)
 
18

 

 

 
10

Total amount reclassified from AOCI, net of tax
18

 
(34
)
 

 
1

 
(15
)
Net current period other comprehensive income (loss)
(89
)
 
25

 
(23
)
 
(1
)
 
(88
)
Balance, December 31, 2016
$
171

 
$
10

 
$
(39
)
 
$
7

 
$
149