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Equity (Tables)
 9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Stock by Class [Table Text Block]
The changes in the number of common stock 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

Issuance of common stock
 
6,172,840

 
—

 
6,172,840

Common stock acquired
 
—

 
1,074,413

 
(1,074,413
)
Stock-based compensation (1)
 
—

 
(182,497
)
 
182,497

Balance, September 30, 2020
 
85,310,598

 
17,373,572

 
67,937,026

 
 
Issued
 
Held In Treasury
 
Outstanding
Balance, December 31, 2018
 
79,137,758

 
16,323,390

 
62,814,368

Common stock acquired
 
—

 
546,614

 
(546,614
)
Stock-based compensation (1)
 
—

 
(341,447
)
 
341,447

Balance, September 30, 2019
 
79,137,758

 
16,528,557

 
62,609,201

(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 nine months ended September 30, 2020 and 2019 are as follows (dollars in millions):
 
 
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
 
(82
)
 
1,610

 
(18
)
 
1,510

Amounts reclassified to (from) AOCI
 
—

 
(12
)
 
3

 
(9
)
Deferred income tax benefit (expense)
 
3

 
(355
)
 
3

 
(349
)
Balance, September 30, 2020
 
$
(171
)
 
$
4,542

 
$
(82
)
 
$
4,289

 
 
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
 
16

 
3,526

 
(12
)
 
3,530

Amounts reclassified to (from) AOCI
 
—

 
(171
)
 
4

 
(167
)
Deferred income tax benefit (expense)
 
(4
)
 
(739
)
 
2

 
(741
)
Balance, September 30, 2019
 
$
(157
)
 
$
3,472

 
$
(57
)
 
$
3,258

(1)
Includes cash flow hedges of $(57) and $(26) as of September 30, 2020 and December 31, 2019, respectively, and $(47) and $9 as of September 30, 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 and nine months ended September 30, 2020 and 2019 (dollars in millions):
 
 
Amount Reclassified from AOCI
 
 
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
Details about AOCI Components
 
2020
 
2019
 
2020
 
2019
 
Affected Line Item in 
Statements of Income
Net unrealized investment gains (losses):
 
 
 
 
 
 
 
 
 
 
Net unrealized gains (losses) on available-for-sale securities
 
$
8

 
$
51

 
$
(20
)
 
$
70

 
Investment related gains (losses), net
Cash flow hedges – Interest rate
 
(1
)
 
—

 
(3
)
 
1

 
(1)
Cash flow hedges – Currency/Interest rate
 
—

 
—

 
—

 
—

 
(1)
Deferred policy acquisition costs attributed to unrealized gains and losses
 
6

 
21

 
35

 
99

 
(2)
Total
 
13

 
72

 
12

 
170

 
 
Provision for income taxes
 
(3
)
 
(15
)
 
(5
)
 
(35
)
 
 
Net unrealized gains (losses), net of tax
 
$
10

 
$
57

 
$
7

 
$
135

 
 
Amortization of defined benefit plan items:
 
 
 
 
 
 
 
 
 
 
Prior service (cost) credit
 
$
—

 
$
—

 
$
1

 
$
1

 
(3)
Actuarial gains (losses)
 
(1
)
 
(1
)
 
(4
)
 
(4
)
 
(3)
Total
 
(1
)
 
(1
)
 
(3
)
 
(3
)
 
 
Provision for income taxes
 
1

 
—

 
1

 
1

 
 
Amortization of defined benefit plans, net of tax
 
$
—

 
$
(1
)
 
$
(2
)
 
$
(2
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
10

 
$
56

 
$
5

 
$
133

 
 
(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 benefit cost. See Note 10 – “Employee Benefit Plans” for additional details.