Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in the Components of AOCI

Changes in the components of AOCI were as follows:

	Three Months Ended March 31,
(In millions)	2020		2019
Securities and Derivatives
Beginning balance	$	975	$	18
(Depreciation) appreciation on securities and derivatives	(580)		565
Tax benefit (expense)	127		(122)
Net (depreciation) appreciation on securities and derivatives	(453)		443
Reclassification adjustment for losses (gains) included in shareholders' net income (net realized investment losses (gains))	32		(1)
Tax (expense)	(7)		—
Net losses (gains) reclassified from AOCI to net income	25		(1)
Other comprehensive (loss) income, net of tax	(428)		442
Ending balance	$	547	$	460
Translation of foreign currencies
Beginning balance	$	(275)	$	(221)
Translation of foreign currencies	(160)		(25)
Tax (expense)	(15)		(1)
Net translation of foreign currencies	(175)		(26)
Less: Net translation of foreign currencies attributable to noncontrolling interests	(4)		(2)
Shareholders' net translation of foreign currencies	(171)		(24)
Ending balance	$	(446)	$	(245)
Postretirement benefits liability
Beginning balance	$	(1,641)	$	(1,508)
Reclassification adjustment for amortization of net losses from past experience and prior service costs (interest expense and other)	18		15
Reclassification adjustment for settlement (interest expense and other)	—		10
Tax (expense)	(5)		(14)
Net adjustments reclassified from AOCI to net income	13		11
Other comprehensive income, net of tax	13		11
Ending balance	$	(1,628)	$	(1,497)