Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2016

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 14–Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) excludes amounts required to adjust future policy benefits for the run-off settlement annuitybusiness. Changes in the components of accumulated other comprehensive income (loss) were as follows:

			Tax
			(Expense)
(In millions)	Pre-Tax		Benefit		After-Tax
2016
Net unrealized appreciation on securities, January 1,	$	612	$	(194)	$	418
Net unrealized (depreciation) on securities arising during the year, before reclassification adjustment		(48)		6		(42)
Reclassification adjustment for (gains) included in shareholders' net income (net realized investment gains)		(22)		8		(14)
Net unrealized (depreciation) on securities arising during the year		(70)		14		(56)
Net unrealized appreciation on securities, December 31,	$	542	$	(180)	$	362
Net unrealized appreciation on derivatives, January 1,	$	10	$	(3)	$	7
Reclassification adjustment for losses included in shareholders' net income (other operating expenses)		1		-		1
Reclassification adjustment for (gains) included in shareholders' net income (net realized investment gains)		(7)		2		(5)
Net unrealized (depreciation) on derivatives arising during the year		(6)		2		(4)
Net unrealized appreciation on derivatives, December 31,	$	4	$	(1)	$	3
Net translation of foreign currencies, January 1,	$	(295)	$	21	$	(274)
Net translation of foreign currencies arising during the year		(95)		-		(95)
Net translation of foreign currencies, December 31,	$	(390)	$	21	$	(369)
Postretirement benefits liability adjustment, January 1,	$	(2,155)	$	754	$	(1,401)
Reclassification adjustment for amortization of net losses from past experience and prior service costs (other operating expenses)		64		(22)		42
Net change due to valuation update		(29)		10		(19)
Net postretirement benefits liability adjustment arising during the year		35		(12)		23
Postretirement benefits liability adjustment, December 31,	$	(2,120)	$	742	$	(1,378)

			Tax
			(Expense)
(In millions)	Pre-Tax		Benefit		After-Tax
2015
Net unrealized appreciation on securities, January 1,	$	955	$	(335)	$	620
Net unrealized (depreciation) on securities arising during the year, before reclassification adjustment		(389)		157		(232)
Reclassification adjustment for losses included in shareholders' net income (net realized investment gains)		46		(16)		30
Net unrealized (depreciation) on securities arising during the year		(343)		141		(202)
Net unrealized appreciation on securities, December 31,	$	612	$	(194)	$	418
Net unrealized (depreciation) on derivatives, January 1,	$	(12)	$	4	$	(8)
Net unrealized appreciation on derivatives arising during the year, before reclassification adjustment		10		(3)		7
Reclassification adjustment for losses included in shareholders' net income (other operating expenses)		12		(4)		8
Net unrealized appreciation on derivatives, arising during the year		22		(7)		15
Net unrealized appreciation on derivatives, December 31,	$	10	$	(3)	$	7
Net translation of foreign currencies, January 1,	$	(71)	$	9	$	(62)
Net translation of foreign currencies, arising during the year		(224)		12		(212)
Net translation of foreign currencies, December 31,	$	(295)	$	21	$	(274)
Postretirement benefits liability adjustment, January 1,	$	(2,286)	$	800	$	(1,486)
Reclassification adjustment for amortization of net losses from past experience
and prior service costs (other operating expenses)		68		(23)		45
Net change due to valuation update		63		(23)		40
Net postretirement benefits liability adjustment arising during the year		131		(46)		85
Postretirement benefits liability adjustment, December 31,	$	(2,155)	$	754	$	(1,401)

			Tax
			(Expense)
(In millions)	Pre-Tax		Benefit		After-Tax
2014
Net unrealized appreciation on securities, January 1,	$	733	$	(256)	$	477
Net unrealized appreciation on securities arising during the year, before reclassification adjustment		249		(89)		160
Reclassification adjustment for (gains) included in net income (net realized investment gains)		(27)		10		(17)
Net unrealized appreciation on securities arising during the year		222		(79)		143
Net unrealized appreciation on securities, December 31,	$	955	$	(335)	$	620
Net unrealized depreciation on derivatives, January 1,	$	(29)	$	10	$	(19)
Net unrealized appreciation on derivatives arising during the year		17		(6)		11
Net unrealized depreciation on derivatives, December 31,	$	(12)	$	4	$	(8)
Net translation of foreign currencies, January 1,	$	91	$	(9)	$	82
Net translation of foreign currencies arising during the year		(162)		18		(144)
Net translation of foreign currencies, December 31,	$	(71)	$	9	$	(62)
Postretirement benefits liability adjustment, January 1,	$	(1,630)	$	570	$	(1,060)
Reclassification adjustment for amortization of net losses from past experience
and prior service costs (other operating expenses)		54		(18)		36
Reclassification adjustment for settlement loss (other operating expenses)		6		(2)		4
Total reclassification adjustment to shareholders' net income (other operating expenses)		60		(20)		40
Net change due to valuation update and plan amendments		(716)		250		(466)
Net postretirement benefits liability adjustment arising during the year		(656)		230		(426)
Postretirement benefits liability adjustment, December 31,	$	(2,286)	$	800	$	(1,486)