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EQUITY (Tables)
 6 Months Ended
Jun. 30, 2016
EQUITY  
Rollforward of common stock outstanding
CommonTreasuryCommon Stock
Stock IssuedStockOutstanding
Six Months Ended June 30, 2016
Shares, beginning of year1,906,671,492(712,754,875)1,193,916,617
Shares issued-2,017,2002,017,200
Shares repurchased-(113,244,455)(113,244,455)
Shares, end of period1,906,671,492(823,982,130)1,082,689,362
Accumulated Other Comprehensive Income (Loss)
Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Taken
Unrealized Appreciation (Depreciation) of All Other InvestmentsForeign Currency Translation AdjustmentsRetirement Plan Liabilities Adjustment
(in millions)Total
Balance, December 31, 2015, net of tax$696$5,566$(2,879)$(846)$2,537
Change in unrealized appreciation (depreciation) of investments(491)9,499--9,008
Change in deferred policy acquisition costs adjustment and other(8)(682)--(690)
Change in future policy benefits-(1,583)--(1,583)
Change in foreign currency translation adjustments--158-158
Change in net actuarial loss---1111
Change in prior service cost---(13)(13)
Change in deferred tax asset (liability)172(1,398)63(6)(1,169)
Total other comprehensive income (loss)(327)5,836221(8)5,722
Noncontrolling interests-----
Balance, June 30, 2016, net of tax$369$11,402$(2,658)$(854)$8,259
Balance, December 31, 2014, net of tax$1,043$12,327$(1,784)$(969)$10,617
Change in unrealized depreciation of investments(195)(4,843)--(5,038)
Change in deferred policy acquisition costs adjustment and other(9)495--486
Change in future policy benefits92804--896
Change in foreign currency translation adjustments--(684)-(684)
Change in net actuarial loss---9191
Change in prior service credit---(23)(23)
Change in deferred tax asset (liability)41,092188(12)1,272
Total other comprehensive income (loss)(108)(2,452)(496)56(3,000)
Noncontrolling interests--(3)-(3)
Balance, June 30, 2015, net of tax$935$9,875$(2,277)$(913)$7,620
Other comprehensive income (loss) reclassification adjustments
Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Taken
Unrealized Appreciation (Depreciation) of All Other InvestmentsForeign Currency Translation AdjustmentsRetirement Plan Liabilities Adjustment
(in millions)Total
Three Months Ended June 30, 2016
Unrealized change arising during period$59$4,277$290$(11)$4,615
Less: Reclassification adjustments
included in net income251,038-(4)1,059
Total other comprehensive income (loss),
before income tax expense (benefit)343,239290(7)3,556
Less: Income tax expense (benefit)12830(23)3822
Total other comprehensive income (loss),
net of income tax expense (benefit)$22$2,409$313$(10)$2,734
Three Months Ended June 30, 2015
Unrealized change arising during period$35$(4,475)$(52)$14$(4,478)
Less: Reclassification adjustments
included in net income4699-(23)122
Total other comprehensive income (loss),
before income tax expense (benefit)(11)(4,574)(52)37(4,600)
Less: Income tax expense (benefit)25(1,583)(15)10(1,563)
Total other comprehensive income (loss),
net of income tax expense (benefit)$(36)$(2,991)$(37)$27$(3,037)
Six Months Ended June 30, 2016
Unrealized change arising during period$(399)$7,917$158$(10)$7,666
Less: Reclassification adjustments
included in net income100683-(8)775
Total other comprehensive income (loss),
before income tax expense (benefit)(499)7,234158(2)6,891
Less: Income tax expense (benefit)(172)1,398(63)61,169
Total other comprehensive income (loss),
net of income tax expense (benefit)$(327)$5,836$221$(8)$5,722
Six Months Ended June 30, 2015
Unrealized change arising during period$(57)$(2,968)$(684)$21$(3,688)
Less: Reclassification adjustments
included in net income55576-(47)584
Total other comprehensive income (loss),
before income tax expense (benefit)(112)(3,544)(684)68(4,272)
Less: Income tax expense (benefit)(4)(1,092)(188)12(1,272)
Total other comprehensive income (loss),
net of income tax expense (benefit)$(108)$(2,452)$(496)$56$(3,000)
Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income
Amount Reclassified from Accumulated Other Comprehensive IncomeAffected Line Item in the Condensed Consolidated Statements of Income
Three Months Ended June 30,
(in millions) 20162015
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken
Investments$25$46Other realized capital gains
Total2546
Unrealized appreciation (depreciation) of all other investments
Investments1,074112Other realized capital gains
Deferred acquisition costs adjustment(36)(30)Amortization of deferred policy acquisition costs
Future policy benefits-17Policyholder benefits and losses incurred
Total1,03899
Change in retirement plan liabilities adjustment
Prior - service cost511*
Actuarial losses(9)(34)*
Total(4)(23)
Total reclassifications for the period$1,059$122
Amount Reclassified from Accumulated Other Comprehensive IncomeAffected Line Item in the Condensed Consolidated Statements of Income
Six Months Ended June 30,
(in millions) 20162015
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken
Investments$100$55Other realized capital gains
Total10055
Unrealized appreciation (depreciation) of all other investments
Investments661624Other realized capital gains
Deferred acquisition costs adjustment22(65)Amortization of deferred policy acquisition costs
Future policy benefits-17Policyholder benefits and losses incurred
Total683576
Change in retirement plan liabilities adjustment
Prior - service cost923*
Actuarial losses(17)(70)*
Total(8)(47)-
Total reclassifications for the period$775$584-

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 12 to the Condensed Consolidated Financial Statements.