Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2023

Components of Accumulated Other Comprehensive Income

The tables below present the changes in AOCI by component for the three months ended March 31, 2022 and 2023:


	Net Unrealized Gains (Losses) on Investments with an Allowance for Credit Losses		Net Unrealized Gains (Losses) on Other Investments		Unrealized Gains (Losses) on Cash Flow Hedges		Pension and Postretirement Benefits		Cumulative impact of changes in discount rates used to measure long duration contracts		Foreign Currency Translation		Total Accumulated Other Comprehensive Income (Loss)
(In millions)








Balance, January 1, 2022, as reported	$	(2)	$	930	$	(6)	$	(636)	$	—	$	(100)	$	186
Cumulative effect adjustments from changes in accounting standards (Note 1), after tax of $0, $617, $0, $0, $(1,063) and $0			2,079						(3,585)				(1,506)
Balance, January 1, 2022, as adjusted	(2)		3,009		(6)		(636)		(3,585)		(100)		(1,320)
Other comprehensive income (loss) before reclassifications, after tax of $1, $699, $(2), $(2), $(435)and $0	(4)		(2,644)		15		2		1,635		(15)		(1,011)
Reclassification of losses from accumulated other comprehensive loss, after tax of $0, $(1), $(1), $(2), $0 and $0			1		3		5						9
Other comprehensive income (loss)	(4)		(2,643)		18		7		1,635		(15)		(1,002)
Amounts attributable to noncontrolling interests			275				(1)		(169)		1		106

Balance, March 31, 2022	$	(6)	$	641	$	12	$	(630)	$	(2,119)	$	(114)	$	(2,216)

Balance, January 1, 2023, as reported	$	(7)	$	(2,469)	$	14	$	(622)	$	—	$	(200)	$	(3,284)
Cumulative effect adjustments from changes in accounting standards (Note 1), after tax of $0, $0, $0, $0, $11 and $0									(36)				(36)
Balance, January 1, 2023, as adjusted	(7)		(2,469)		14		(622)		(36)		(200)		(3,320)
Other comprehensive income (loss) before reclassifications, after tax of $2, $(176), $1, $0, $105 and $0	(8)		652		(2)				(396)		16		262
Reclassification of losses from accumulated other comprehensive loss, after tax of $0, $(4), $0, $(2), $0 and $0			18				9						27
Other comprehensive income (loss)	(8)		670		(2)		9		(396)		16		289
Amounts attributable to noncontrolling interests	1		(68)				(1)		39		(2)		(31)
Balance, March 31, 2023	$	(14)	$	(1,867)	$	12	$	(614)	$	(393)	$	(186)	$	(3,062)

Reclassification out of Accumulated Other Comprehensive Income

Amounts reclassified from AOCI shown above are reported in Net income (loss) as follows:


Major Category of AOCI			Affected Line Item

Net unrealized gains (losses) on investments with an allowance for credit losses and Net unrealized gains (losses) on other investments			Investment gains (losses)
Unrealized gains (losses) on cash flow hedges			Operating revenues and other, Interest expense and Operating expenses and other
Pension and postretirement benefits			Operating expenses and other