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EQUITY (Tables)
 6 Months Ended
Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
AOCI represents cumulative gains (losses) on items that are not reflected in Net income (loss). The balances as of June 30, 2019 and 2018 follow:
 
June 30,
 
2019
 
2018
 
(in millions)
Unrealized gains (losses) on investments
$
1,571

 
$
(444
)
Defined benefit pension plans
(7
)
 
(5
)
Total accumulated other comprehensive income (loss) from continuing operations
1,564

 
(449
)
Less: Accumulated other comprehensive income (loss) attributable to discontinued operations, net of noncontrolling interest
—

 
15

Accumulated other comprehensive income (loss) attributable to AXA Equitable
$
1,564

 
$
(464
)
Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes
The components of OCI, net of taxes for the three and six months ended June 30, 2019 and 2018 follow:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
 
(in millions)
Change in net unrealized gains (losses) on investments:
 
 
 
 
 
 
 
Net unrealized gains (losses) arising during the period
$
1,283

 
$
(348
)
 
$
2,526

 
$
(1,332
)
(Gains) losses reclassified to Net income (loss) during the period (1)
(4
)
 
4

 
2

 
(67
)
Net unrealized gains (losses) on investments
1,279

 
(344
)
 
2,528

 
(1,399
)
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other
12

 
31

 
(473
)
 
344

Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $341, $(83), $541 and $(280))
1,291

 
(313
)
 
2,055

 
(1,055
)
Change in defined benefit plans:
 
 
 
 
 
 
 
Reclassification to Net income (loss) of amortization of net prior service credit included in net periodic cost
—

 
(1
)
 
—

 
(5
)
Change in defined benefit plans (net of deferred income tax expense (benefit) of $0, $0, $0 and $(1))
—

 
(1
)
 
—

 
(5
)
Total other comprehensive income (loss), net of income taxes from continuing operations
1,291

 
(314
)
 
2,055

 
(1,060
)
Other comprehensive income (loss) from discontinued operations, net of income taxes
—

 
8

 
—

 
(2
)
Other comprehensive income (loss) attributable to AXA Equitable
$
1,291

 
$
(306
)
 
$
2,055

 
$
(1,062
)
______________
(1)
See “Reclassification adjustments” in Note 3. Reclassification amounts are presented net of income tax expense (benefit) of $0, $1 million, $1 million and $(18) million for the three and six months ended June 30, 2019 and 2018, respectively.