Equity (Tables)

3 Months Ended

Mar. 31, 2020

Stockholders' Equity Note [Abstract]

Schedule of Stock by Class [Table Text Block]

The changes in number of common stock shares issued, held in treasury and outstanding are as follows for the periods indicated:

	Issued	Held In Treasury		Outstanding
Balance, December 31, 2019	79,137,758	16,481,656		62,656,102
Common stock acquired	—	1,074,413		(1,074,413	)
Stock-based compensation (1)	—	(64,654	)	64,654
Balance, March 31, 2020	79,137,758	17,491,415		61,646,343

	Issued	Held In Treasury		Outstanding
Balance, December 31, 2018	79,137,758	16,323,390		62,814,368
Common Stock issued	—	344,237		(344,237	)
Stock-based compensation (1)	—	(74,216	)	74,216
Balance, March 31, 2019	79,137,758	16,593,411		62,544,347

(1)

Represents net shares issued from treasury pursuant to the Company’s equity-based compensation programs.

Components of Accumulated Other Comprehensive Income

The balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the three months ended March 31, 2020 and 2019 are as follows (dollars in millions):

	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
	Accumulated Currency Translation Adjustments			Unrealized Appreciation (Depreciation) of Investments(1)			Pension and Postretirement Benefits			Total
Balance, December 31, 2019	$	(92	)	$	3,299		$	(70	)	$	3,137
Other comprehensive income (loss) before reclassifications	(112		)	(2,496		)	(5		)	(2,613		)
Amounts reclassified to (from) AOCI	—			141			1			142
Deferred income tax benefit (expense)	(19		)	482			1			464
Balance, March 31, 2020	$	(223	)	$	1,426		$	(73	)	$	1,130

	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
	Accumulated Currency Translation Adjustments			Unrealized Appreciation (Depreciation) of Investments(1)			Pension and Postretirement Benefits			Total
Balance, December 31, 2018	$	(169	)	$	856		$	(51	)	$	636
Other comprehensive income (loss) before reclassifications	19			1,437			(2		)	1,454
Amounts reclassified to (from) AOCI	—			(15		)	1			(14		)
Deferred income tax benefit (expense)	3			(314		)	—			(311		)
Balance, March 31, 2019	$	(147	)	$	1,964		$	(52	)	$	1,765

(1)

Includes cash flow hedges of $(87) and $(26) as of March 31, 2020 and December 31, 2019, respectively, and $(1) and $9 as of March 31, 2019 and December 31, 2018, respectively. See Note 5 – “Derivative Instruments” for additional information on cash flow hedges.

Reclassification Out Of Accumulated Other Comprehensive Income

The following table presents the amounts of AOCI reclassifications for the three months ended March 31, 2020 and 2019 (dollars in millions):

	Amount Reclassified from AOCI
	Three months ended March 31,						Affected Line Item in  Statement of Income
Details about AOCI Components	2020			2019
Net unrealized investment gains (losses):
Net unrealized gains (losses) on available-for-sale securities	$	(39	)	$	—		Investment related gains (losses), net
Cash flow hedges - Interest rate	—			—			(1)
Cash flow hedges - Currency/Interest rate	—			—			(1)
Deferred policy acquisition costs attributed to unrealized gains and losses	(102		)	15			(2)
Total	(141		)	15
Provision for income taxes	27			(3		)
Net unrealized gains (losses), net of tax	$	(114	)	$	12
Amortization of defined benefit plan items:
Prior service cost (credit)	$	—		$	—		(3)
Actuarial gains/(losses)	(1		)	(1		)	(3)
Total	(1		)	(1		)
Provision for income taxes	—			—
Amortization of defined benefit plans, net of tax	$	(1	)	$	(1	)
Total reclassifications for the period	$	(115	)	$	11

(1) See Note 5 – “Derivative Instruments” for additional information on cash flow hedges.

(2) This AOCI component is included in the computation of the deferred policy acquisition cost. See Note 8 – “Deferred Policy Acquisition Costs” of the 2019 Annual Report for additional details.

(3)

This AOCI component is included in the computation of the net periodic pension cost. See Note 10 – “Employee Benefit Plans” for additional detai