ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [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 as of March 31, 2016 and 2015 follow:

	March 31,
	2016			2015
	(In Millions)
Unrealized gains (losses) on investments	$	1,021		$	1,462
Foreign currency translation adjustments	(49		)	(46		)
Defined benefit pension plans	(12		)	(761		)
Total accumulated other comprehensive income (loss)	960			655
Less: Accumulated other comprehensive (income) loss attributable to noncontrolling interest	54			51
Accumulated Other Comprehensive Income (Loss) Attributable to AXA Equitable	$	1,014		$	706

The components of OCI, net-of-taxes for the firstquarters of 2016 and 2015 follow:

	Three Months Ended March 31,
	2016			2015
	(In Millions)
Foreign currency translation adjustments:
Foreign currency translation gains (losses) arising during the period	$	9		$	(12	)
(Gains) losses reclassified into net earnings (loss) during the period	—			—
Foreign currency translation adjustment	9			(12		)
Net unrealized gains (losses) on investments:
Net unrealized gains (losses) arising during the period	814			386
(Gains) losses reclassified into net earnings (loss) during the period(1)	14			(1		)
Net unrealized gains (losses) on investments	828			385
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other	(48		)	(46		)
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $427 and $181)	780			339
Change in defined benefit plans:
Less: reclassification adjustments to net earnings (loss) for (2):
Net gain (loss) arising during the period	—			19
Change in defined benefit plans (net of deferred income tax expense (benefit) of $0 and $10)	—			19
Total other comprehensive income (loss), net of income taxes	789			346
Less: Other comprehensive (income) loss attributable to noncontrolling interest	(3		)	9
Other Comprehensive Income (Loss) Attributable to AXA Equitable	$	786		$	355

(1) See “Reclassification adjustments” in Note 3. Reclassification amounts presented net of income tax expense (benefit) of $(8) million and $1 million, for the firstquarters of 2016 and 2015, respectively.

(2) Reclassification amounts presented net of income tax expense (benefit) of $0 million and $10 million for firstquarters of 2016 and 2015, 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.