XML 37 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
AOCI represents cumulative gains (losses) on items that are not reflected in Net income (loss). The balances for the past three years follow:
 
December 31,
 
2017
 
2016
 
2015
 
(in millions)
Unrealized gains (losses) on investments
$
617

 
$
54

 
$
248

Foreign currency translation adjustments
(36
)
 
(77
)
 
(59
)
Defined benefit pension plans
(51
)
 
(46
)
 
(43
)
Total accumulated other comprehensive income (loss)
530

 
(69
)
 
146

Less: Accumulated other comprehensive (income) loss attributable to noncontrolling interest
68

 
86

 
69

Accumulated Other Comprehensive Income (Loss) Attributable to AXA Equitable
$
598

 
$
17

 
$
215



The components of OCI for the past three years, net of tax, follow:

 
2017
 
2016
 
2015
 
(in millions)
Foreign currency translation adjustments:
 
 
 
 
 
Foreign currency translation gains (losses) arising during the period
$
41

 
$
(18
)
 
$
(25
)
(Gains) losses reclassified into net income (loss) during the period
—

 
—

 
—

Foreign currency translation adjustment
41

 
(18
)
 
(25
)
Change in net unrealized gains (losses) on investments:
 
 
 
 
 
Net unrealized gains (losses) arising during the year
741

 
(160
)
 
(1,020
)
(Gains) losses reclassified into net income (loss) during the year(1)
8

 
2

 
12

Net unrealized gains (losses) on investments
749

 
(158
)
 
(1,008
)
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other
(186
)
 
(36
)
 
176

Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $(244) million, $(97) million, and $(454) million)
563

 
(194
)
 
(832
)
Change in defined benefit plans:
 
 
 
 
 
Net gain (loss) arising during the year
—

 
—

 
—

Prior service cost arising during the year
—

 
—

 
—

Less: reclassification adjustments to net income (loss) for:(2)
 
 
 
 
 
Amortization of net (gains) losses included in net periodic cost
(5
)
 
(3
)
 
(4
)
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), $(2) and $(2))
(5
)
 
(3
)
 
(4
)
Total other comprehensive income (loss), net of income taxes
599

 
(215
)
 
(861
)
Less: Other comprehensive (income) loss attributable to noncontrolling interest
(18
)
 
17

 
15

Other Comprehensive Income (Loss) Attributable to AXA Equitable
$
581

 
$
(198
)
 
$
(846
)

(1)
See “Reclassification adjustments” in Note 3. Reclassification amounts presented net of income tax expense (benefit) of $(5) million, $(1) million and $(6) million for 2017, 2016 and 2015, respectively.
(2)
These AOCI components are included in the computation of net periodic costs (see “Employee Benefit Plans” in Note 12). Reclassification amounts presented net of income tax expense (benefit) of $2 million, $2 million and $2 million for 2017, 2016 and 2015, respectively.

Investment gains and losses reclassified from AOCI to net income (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 income (loss). Amounts reclassified from AOCI to net income (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 income (loss). Amounts presented in the table above are net of tax.