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Equity (Tables)
9 Months Ended
Sep. 30, 2022
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:
IssuedHeld In TreasuryOutstanding
Balance, December 31, 2021
85,310,598 18,139,868 67,170,730 
Issuance of common stock— — — 
Common stock acquired— 414,350 (414,350)
Stock-based compensation (1)
— (70,498)70,498 
Balance, September 30, 2022
85,310,598 18,483,720 66,826,878 
IssuedHeld In TreasuryOutstanding
Balance, December 31, 2020
85,310,598 17,353,697 67,956,901 
Issuance of common stock— — — 
Common stock acquired— 405,644 (405,644)
Stock-based compensation (1)
— (48,566)48,566 
Balance, September 30, 2021
85,310,598 17,710,775 67,599,823 
(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, 2022 and 2021 are as follows (dollars in millions):
 Accumulated
Currency
Translation
Adjustments
Unrealized
Appreciation
(Depreciation)
of Investments(1)
Pension and
Postretirement
Benefits
Total
Balance, December 31, 2021
$(9)$3,701 $(50)$3,642 
Other comprehensive income (loss) before reclassifications(173)(12,398)(3)(12,574)
Amounts reclassified to (from) AOCI— 418 420 
Deferred income tax benefit (expense)(34)2,582 — 2,548 
Balance, September 30, 2022
$(216)$(5,697)$(51)$(5,964)
 Accumulated
Currency
Translation
Adjustments
Unrealized
Appreciation
(Depreciation)
of Investments(1)
Pension and
Postretirement
Benefits
Total
Balance, December 31, 2020
$(69)$5,500 $(72)$5,359 
Other comprehensive income (loss) before reclassifications33 (2,136)(5)(2,108)
Amounts reclassified to (from) AOCI— (181)(175)
Deferred income tax benefit (expense)(14)521 — 507 
Balance, September 30, 2021
$(50)$3,704 $(71)$3,583 
(1)Includes cash flow hedges of $(230) and $(22) as of September 30, 2022 and December 31, 2021, respectively, and $(55) and $(49) as of September 30, 2021 and December 31, 2020, respectively. See Note 5 – “Derivative Instruments” for additional information on cash flow hedges.
Reclassification Out Of Accumulated Other Comprehensive Income
The following table presents the amounts reclassified from AOCI to the Statements of Income for the three and nine months ended September 30, 2022 and 2021 (dollars in millions):
Amount Reclassified from AOCI
Three months ended September 30,Nine months ended September 30,
Details about AOCI Components2022202120222021Affected Line Item in Statements of Income
Net unrealized investment gains (losses):
Net unrealized gains (losses) on available-for-sale securities$(92)$35 $(195)$218 Investment related gains (losses), net
Cash flow hedges – Interest rate— (2)(2)(6)(1)
Cash flow hedges – Currency/Interest rate(3)— (5)— (1)
Deferred policy acquisition costs attributed to unrealized gains and losses(15)(8)(216)(31)(2)
Total(110)25 (418)181 
Provision for income taxes24 (5)88 (38)
Net unrealized gains (losses), net of tax$(86)$20 $(330)$143 
Amortization of defined benefit plan items:
Prior service cost (credit)$— $— $$(3)
Actuarial gains (losses)
— (3)(3)(7)(3)
Total— (3)(2)(6)
Provision for income taxes— — — 
Amortization of defined benefit plans, net of tax$— $(3)$(2)$(5)
Total reclassifications for the period$(86)$17 $(332)$138 
(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 2021 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 details.