Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Components of Accumulated Other Comprehensive Income

The tables below present the changes in Accumulated other comprehensive income (loss) (“AOCI”) by component for the three months ended March 31, 2023 and 2024:


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








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



Balance, January 1, 2024	$	(12)	$	(1,483)	$	(329)	$	9	$	(533)	$	(149)	$	(2,497)
Other comprehensive income (loss) before reclassifications, after tax of $0, $64, $(91), $(1), $0 and $0	(1)		(239)		341		2				(33)		70
Reclassification of losses from accumulated other comprehensive loss, after tax of $(1), $(6), $0, $0, $(1) and $0	3		22						6				31
Other comprehensive income (loss)	2		(217)		341		2		6		(33)		101
Amounts attributable to noncontrolling interests			19		(29)				(1)		3		(8)
Other	1		5				(1)		(2)				3
Balance, March 31, 2024	$	(9)	$	(1,676)	$	(17)	$	10	$	(530)	$	(179)	$	(2,401)

Schedule of 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