Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2019

Accumulated Other Comprehensive Income (Loss) [Abstract]

Changes in accumulated other comprehensive income (loss)

(In millions)		2019		2018		2017
Securities and Derivatives
Beginning balance	$	18	$	328	$	365
Reclassification adjustment to retained earnings related to U.S. tax reform legislation		-		65		-
Reclassification adjustment to retained earnings related to new financial instruments guidance		-		(4)		-
Reclassification adjustment from retained earnings related to new hedging guidance		-		(6)		-
Adjusted beginning balance		18		383		365
Appreciation (depreciation) on securities and derivatives		1,266		(512)		34
Tax (expense) benefit		(270)		100		(19)
Net appreciation (depreciation) on securities and derivatives		996		(412)		15
Reclassification adjustment for (gains) losses included in shareholders' net income (net realized investment (gains) losses)		(49)		60		(81)
Reclassification adjustment for losses included in shareholders' net income (selling, general and administrative expenses)		-		-		1
Tax benefit (expense)		10		(13)		28
Net (gains) losses reclassified from AOCI to net income		(39)		47		(52)
Other comprehensive income (loss), net of tax		957		(365)		(37)
Ending balance	$	975	$	18	$	328
Translation of foreign currencies
Beginning balance	$	(221)	$	(65)	$	(369)
Reclassification adjustment to retained earnings related to U.S. tax reform legislation		-		(4)		-
Adjusted beginning balance		(221)		(69)		(369)
Translation of foreign currencies		(57)		(167)		306
Tax (expense)		(2)		-		(5)
Net translation of foreign currencies		(59)		(167)		301
Less: Net translation of foreign currencies attributable to noncontrolling interests		(5)		(15)		(3)
Shareholders' net translation of foreign currencies		(54)		(152)		304
Ending balance	$	(275)	$	(221)	$	(65)
Postretirement benefits liability
Beginning balance	$	(1,508)	$	(1,345)	$	(1,378)
Reclassification adjustment to retained earnings related to U.S. tax reform legislation		-		(290)		-
Adjusted beginning balance		(1,508)		(1,635)		(1,378)
Reclassification adjustment for amortization of net losses from past experience and prior service costs (interest expense and other)		62		69		64
Reclassification adjustment for settlement (interest expense and other)		10		-		7
Tax (expense)		(15)		(15)		(24)
Net adjustments reclassified from AOCI to net income		57		54		47
Valuation update		(249)		93		(22)
Tax benefit (expense)		59		(20)		8
Net change due to valuation update		(190)		73		(14)
Other comprehensive (loss) income, net of tax		(133)		127		33
Ending balance	$	(1,641)	$	(1,508)	$	(1,345)