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Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Components of Other Comprehensive Income or Loss

The components of other comprehensive income or loss were as follows:

 

     Three Months Ended
March 31, 2014
 
     Before
Tax
    Income
Tax
    Net of
Tax
 
     (in millions)  

Net unrealized holding gains arising during the period

   $ 424      $ 148      $ 276   

Reclassification adjustment for net realized gains included in net income

     63        22        41   
  

 

 

   

 

 

   

 

 

 

Net unrealized gains recognized in other comprehensive income

     361        126        235   
  

 

 

   

 

 

   

 

 

 

Reclassification adjustment for the amortization of net actuarial loss and prior service cost included in net income (a)

     (9     (3     (6
  

 

 

   

 

 

   

 

 

 

Net change in postretirement benefit costs not yet recognized in net income

     9        3        6   
  

 

 

   

 

 

   

 

 

 

Foreign currency translation losses

     (28     (9     (19
  

 

 

   

 

 

   

 

 

 

Total other comprehensive income

   $ 342      $ 120      $ 222   
  

 

 

   

 

 

   

 

 

 

 

(a) Postretirement benefit costs recognized in net income during the period are included among several of the loss and expense components presented in the consolidated statements of income.

 

     Three Months Ended
March 31, 2013
 
     Before
Tax
    Income
Tax
    Net of
Tax
 
     (in millions)  

Net unrealized holding gains arising during the period

   $ 70      $ 24      $ 46   

Reclassification adjustment for net realized gains included in net income

     64        22        42   
  

 

 

   

 

 

   

 

 

 

Net unrealized gains recognized in other comprehensive loss

     6        2        4   
  

 

 

   

 

 

   

 

 

 

Postretirement benefit gain not yet recognized in net income arising during the period

     2        1        1   

Reclassification adjustment for the amortization of net actuarial loss and prior service cost included in net income (a)

     (24     (8     (16
  

 

 

   

 

 

   

 

 

 

Net change in postretirement benefit costs not yet recognized in net income

     26        9        17   
  

 

 

   

 

 

   

 

 

 

Foreign currency translation losses

     (77     (27     (50
  

 

 

   

 

 

   

 

 

 

Total other comprehensive loss

   $ (45   $ (16   $ (29
  

 

 

   

 

 

   

 

 

 

 

(a) Postretirement benefit costs recognized in net income during the period are included among several of the loss and expense components presented in the consolidated statements of income.