Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name METLIFE INC
CIK 0001099219
Accession number 0000937834-14-000011
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1099219/000093783414000011/met-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Deferred income tax represents the tax effect of the differences between the book and tax basis of assets and liabilities. Net deferred income tax assets and liabilities consisted of the following at:
 
December 31,
 
2013
 
2012
 
(In millions)
Deferred income tax assets:
 
 
 
Policyholder liabilities and receivables
$
1,014

 
$
6,233

Investments, including derivatives
86

 
—

Net operating loss carryforwards
1,808

 
1,408

Employee benefits
737

 
1,234

Capital loss carryforwards
32

 
160

Tax credit carryforwards
1,653

 
545

Litigation-related and government mandated
232

 
197

Other
471

 
484

Total gross deferred income tax assets
6,033

 
10,261

Less: Valuation allowance
357

 
368

Total net deferred income tax assets
5,676

 
9,893

Deferred income tax liabilities:
 
 
 
Investments, including derivatives
—

 
3,149

Intangibles
2,081

 
2,668

Net unrealized investment gains
4,883

 
7,854

DAC
5,133

 
4,775

Other
222

 
140

Total deferred income tax liabilities
12,319

 
18,586

Net deferred income tax asset (liability)
$
(6,643
)
 
$
(8,693
)

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 6,033,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -357,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 5,676,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -12,319,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -6,643,000,000
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent 0 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -6,643,000,000
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 5,676,000,000
Deferred tax liabilities, net -12,319,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -6,643,000,000
CHECK 0

*

*

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