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BUSINESS SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated Information regarding operations by reportable segment and Corporate and other, follows:
  
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
(In millions)
2019
 
2018
 
2019
 
2018
 
Revenues:
 
 
 
 
 
 
 
 
Aflac Japan:
 
 
 
 
 
 
 
 
   Net earned premiums
$
3,172

 
$
3,227

 
$
6,352

 
$
6,490

 
   Net investment income, less amortized hedge costs
609

 
606

 
1,219

 
1,194

 
   Other income
11

 
11

 
22

 
22

 
               Total Aflac Japan
3,792

 
3,844

 
7,593

 
7,706

 
Aflac U.S.:
 
 
 
 
 
 
 
 
   Net earned premiums
1,459

 
1,426

 
2,920

 
2,853

 
   Net investment income
180

 
182

 
357

 
357

 
   Other income
2

 
2

 
4

 
4

 
           Total Aflac U.S.
1,641

 
1,610

 
3,281

 
3,214

 
Corporate and other
95

 
85

 
191

 
164

 
           Total adjusted revenues
5,528

 
5,539

 
11,065

 
11,084

 
Realized investment gains (losses) (1),(2),(3)
(17
)
 
50

 
103

 
(30
)
 
           Total revenues
$
5,511

 
$
5,589

 
$
11,168

 
$
11,054

 
(1) Amortized hedge costs of $62 and $55 for the three-month periods and $124 and $110 for the six-month periods ended June 30, 2019, and 2018, respectively, related to certain foreign currency exposure management strategies have been reclassified from realized investment gains (losses) and reported as a deduction from net investment income when analyzing operations.
(2) Amortized hedge income of $20 and $7 for the three-month periods and $40 and $9 for the six-month periods ended June 30, 2019, and 2018, respectively, related to certain foreign currency exposure management strategies has been reclassified from realized investment gains (losses) and reported as an increase to net investment income when analyzing operations.
(3) Net interest cash flows from derivatives associated with certain investment strategies of $(7) for the three-month period and $(14) for the six-month period ended June 30, 2019 and an immaterial amount for the three- and six-month periods in 2018, respectively, have been reclassified from realized investment gains (losses) and included in adjusted earnings as a component of net investment income.

Reconciliation of Adjusted Profit (Loss) from Segments to Consolidated
  
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
(In millions)
2019
 
2018
 
2019
 
2018
 
Pretax earnings:
 
 
 
 
 
 
 
 
Aflac Japan
$
831

 
$
836

 
$
1,666

 
$
1,654

 
Aflac U.S.
338

 
340

 
661

 
677

 
Corporate and other
(26
)
 
(38
)
 
(45
)
 
(84
)
 
    Pretax adjusted earnings
1,143

 
1,138

 
2,282

 
2,247

 
Realized investment gains (losses) (1),(2),(3),(4)
(34
)
 
35

 
70

 
(63
)
 
Other income (loss)
0

 
(42
)
 
(1
)
 
(70
)
 
    Total earnings before income taxes
$
1,109

 
$
1,131

 
$
2,351

 
$
2,114

 
Income taxes applicable to pretax adjusted earnings
$
297

 
$
303

 
$
587

 
$
592

 
Effect of foreign currency translation on after-tax
adjusted earnings
(4
)
 
7

 
(13
)
 
29

 

(1) Amortized hedge costs of $62 and $55 for the three-month periods and $124 and $110 for the six-month periods ended June 30, 2019, and 2018, respectively, related to certain foreign currency management strategies have been reclassified from realized investment gains (losses) and reported as a deduction from pretax adjusted earnings when analyzing operations.
(2) Amortized hedge income of $20 and $7 for the three-month periods and $40 and $9 for the six-month periods ended June 30, 2019, and 2018, respectively, related to certain foreign currency management strategies has been reclassified from realized investment gains (losses) and reported as an increase in pretax adjusted earnings when analyzing operations.
(3) Net interest cash flows from derivatives associated with certain investment strategies of $(7) for the three-month period and $(14) for the six-month period ended June 30, 2019 and and an immaterial amount for the three- and six-month periods in 2018, respectively, have been reclassified from realized investment gains (losses) and included in adjusted earnings as a component of net investment income.
(4) A gain of $17 for the three-month periods and $33 for the six-month periods ended June 30, 2019, and 2018, respectively, related to the interest rate component of the change in fair value of foreign currency swaps on notes payable have been reclassified from realized investment gains (losses) and included in adjusted earnings when analyzing operations

Reconciliation of Assets from Segment to Consolidated
Assets were as follows:
(In millions)
June 30,
2019
 
December 31,
2018
Assets:
 
 
 
 
 
 
 
Aflac Japan
 
$
128,329

 
 
 
$
118,342

 
Aflac U.S.
 
20,881

 
 
 
19,100

 
Corporate and other
 
2,190

 
 
 
2,964

 
    Total assets
 
$
151,400

 
 
 
$
140,406