XML 35 R22.htm IDEA: XBRL DOCUMENT v3.3.1.900
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
AOCI represents cumulative gains (losses) on items that are not reflected in earnings (loss). The balances for the past three years follow:
 
December 31,
 
2015
 
2014
 
2013
 
(In Millions)
Unrealized gains (losses) on investments
$
241

 
$
1,122

 
$
153

Foreign currency translation adjustments
(58
)
 
(33
)
 
(12
)
Defined benefit pension plans
(12
)
 
(780
)
 
(757
)
Total accumulated other comprehensive income (loss)
171

 
309

 
(616
)
Less: Accumulated other comprehensive (income) loss attributable to noncontrolling interest
57

 
42

 
13

Accumulated Other Comprehensive Income (Loss) Attributable to AXA Equitable
$
228

 
$
351

 
$
(603
)


Immediately preceding the Assumption Transaction, the AXA Equitable QP had approximately $1,193 million unrecognized net actuarial losses in AOCI that were transferred to AXA Financial, resulting in an increase in AOCI and a decrease in additional paid in capital of $1,193 million ($772 million net of tax), the net impact to AXA Equitable’s consolidated Shareholder’s Equity was $0.
The components of OCI for the past three years, net of tax, follow:

 
2015
 
2014
 
2013
 
(In Millions)
Foreign currency translation adjustments:
 
 
 
 
 
Foreign currency translation gains (losses) arising during the period
$
(25
)
 
$
(21
)
 
$
(12
)
(Gains) losses reclassified into net earnings (loss) during the period
—

 
—

 
—

Foreign currency translation adjustment
(25
)
 
(21
)
 
(12
)
Change in net unrealized gains (losses) on investments:
 
 
 
 
 
Net unrealized gains (losses) arising during the year
(1,020
)
 
1,043

 
(1,550
)
(Gains) losses reclassified into net earnings (loss) during the year(1)
12

 
37

 
49

Net unrealized gains (losses) on investments
(1,008
)
 
1,080

 
(1,501
)
Adjustments for policyholders liabilities, DAC, insurance liability loss recognition and other
127

 
(111
)
 
302

Change in unrealized gains (losses), net of adjustments and (net of deferred income tax expense (benefit) of $(480), $529 and $(654))
(881
)
 
969

 
(1,199
)
Change in defined benefit plans:
 
 
 
 
 
Net gain (loss) arising during the year
—

 
(95
)
 
198

Prior service cost arising during the year
—

 
—

 
—

Less: reclassification adjustments to net earnings (loss) for:(2)
 
 
 
 
 
Amortization of net (gains) losses included in net periodic cost
(4
)
 
72

 
101

Amortization of net prior service credit included in net periodic cost
—

 
—

 
—

Change in defined benefit plans (net of deferred income tax expense (benefit) of $(2), $(15) and $161)
(4
)
 
(23
)
 
299

Total other comprehensive income (loss), net of income taxes
(910
)
 
925

 
(912
)
Less: Other comprehensive (income) loss attributable to noncontrolling interest
15

 
29

 
(8
)
Other Comprehensive Income (Loss) Attributable to AXA Equitable
$
(895
)
 
$
954

 
$
(920
)

(1)
See “Reclassification adjustments” in Note 3. Reclassification amounts presented net of income tax expense (benefit) of $(6) million, $(19) million and $(26) million for 2015, 2014 and 2013, respectively.
(2)
These AOCI components are included in the computation of net periodic costs (see Note 12). Reclassification amounts presented net of income tax expense (benefit) of $2 million, $(39) million and $(54) million for 2015, 2014 and 2013, respectively.

Investment gains and losses reclassified from AOCI to net earnings (loss) primarily consist of realized gains (losses) on sales and OTTI of AFS securities and are included in Total investment gains (losses), net on the consolidated statements of earnings (loss). Amounts reclassified from AOCI to net earnings (loss) as related to defined benefit plans primarily consist of amortizations of net (gains) losses and net prior service cost (credit) recognized as a component of net periodic cost and reported in Compensation and benefit expenses in the consolidated statements of earnings (loss). Amounts presented in the table above are net of tax.