Net Unrealized Gain on Securities | OTTI Losses in OCI | Net Gain (Loss) on Cash Flow Hedging Instruments | Foreign Currency Translation Adjustments | Pension and Other Postretirement Plan Adjustments | Total AOCI | |||||||||||||
Beginning balance | $ | 3,418 | $ | (47 | ) | $ | 428 | $ | 406 | $ | (1,362 | ) | $ | 2,843 | ||||
OCI before reclassifications | (1,416 | ) | 51 | (195 | ) | (337 | ) | 74 | (1,823 | ) | ||||||||
Amounts reclassified from AOCI | (1,015 | ) | (16 | ) | (125 | ) | 22 | 35 | (1,099 | ) | ||||||||
Net OCI | (2,431 | ) | 35 | (320 | ) | (315 | ) | 109 | (2,922 | ) | ||||||||
Ending balance | $ | 987 | $ | (12 | ) | $ | 108 | $ | 91 | $ | (1,253 | ) | $ | (79 | ) | |||
Net Unrealized Gain on Securities | OTTI Losses in OCI | Net Gain (Loss) on Cash Flow Hedging Instruments | Foreign Currency Translation Adjustments | Pension and Other Postretirement Plan Adjustments | Total AOCI | |||||||||||||
Beginning balance | $ | 1,511 | $ | (99 | ) | $ | 516 | $ | 574 | $ | (1,251 | ) | $ | 1,251 | ||||
OCI before reclassifications | 1,928 | 149 | 58 | (168 | ) | (320 | ) | 1,647 | ||||||||||
Amounts reclassified from AOCI | (21 | ) | (97 | ) | (146 | ) | — | 209 | (55 | ) | ||||||||
Net OCI | 1,907 | 52 | (88 | ) | (168 | ) | (111 | ) | 1,592 | |||||||||
Ending balance | $ | 3,418 | $ | (47 | ) | $ | 428 | $ | 406 | $ | (1,362 | ) | $ | 2,843 | ||||
Net Unrealized Gain on Securities | OTTI Losses in OCI | Net Gain (Loss) on Cash Flow Hedging Instruments | Foreign Currency Translation Adjustments | Pension and Other Postretirement Plan Adjustments | Total AOCI | |||||||||||||
Beginning balance | $ | (556 | ) | $ | (108 | ) | $ | 385 | $ | 467 | $ | (1,178 | ) | $ | (990 | ) | ||
OCI before reclassifications | 2,151 | 37 | 217 | 107 | (170 | ) | 2,342 | |||||||||||
Amounts reclassified from AOCI | (84 | ) | (28 | ) | (86 | ) | — | 97 | (101 | ) | ||||||||
Net OCI | 2,067 | 9 | 131 | 107 | (73 | ) | 2,241 | |||||||||||
Ending balance | $ | 1,511 | $ | (99 | ) | $ | 516 | $ | 574 | $ | (1,251 | ) | $ | 1,251 | ||||
AOCI | Amount Reclassified from AOCI | Affected Line Item in the Consolidated Statement of Operations | ||||||||
For year ended December 31, 2013 | For year ended December 31, 2012 | For year ended December 31, 2011 | ||||||||
Net Unrealized Gain on Securities | ||||||||||
Available-for-sale securities [1] | $ | 1,562 | $ | 32 | $ | 129 | Net realized capital gains (losses) | |||
1,562 | 32 | 129 | Total before tax | |||||||
547 | 11 | 45 | Income tax expense | |||||||
$ | 1,015 | $ | 21 | $ | 84 | Net income (loss) | ||||
OTTI Losses in OCI | ||||||||||
Other than temporary impairments | $ | 25 | $ | 149 | $ | 43 | Net realized capital gains (losses) | |||
25 | 149 | 43 | Total before tax | |||||||
9 | 52 | 15 | Income tax expense (benefit) | |||||||
$ | 16 | $ | 97 | $ | 28 | Net income (loss) | ||||
Net Gains on Cash Flow Hedging Instruments | ||||||||||
Interest rate swaps [2] | $ | 91 | $ | 90 | $ | 9 | Net realized capital gains (losses) | |||
Interest rate swaps | 97 | 140 | 126 | Net investment income | ||||||
Foreign currency swaps | 4 | (6 | ) | (3 | ) | Net realized capital gains (losses) | ||||
192 | 224 | 132 | Total before tax | |||||||
67 | 78 | 46 | Income tax expense | |||||||
$ | 125 | $ | 146 | $ | 86 | Net income (loss) | ||||
Foreign Currency Translation Adjustments | ||||||||||
Currency translation adjustments [3] | $ | (34 | ) | $ | — | $ | — | Net realized capital gains (losses) | ||
(34 | ) | — | — | Total before tax | ||||||
(12 | ) | — | — | Income tax expense | ||||||
$ | (22 | ) | $ | — | $ | — | Net income (loss) | |||
Pension and Other Postretirement Plan Adjustments | ||||||||||
Amortization of prior service costs | $ | 7 | $ | (90 | ) | $ | 10 | Insurance operating costs and other expenses | ||
Amortization of actuarial gains (losses) | (61 | ) | (232 | ) | (159 | ) | Insurance operating costs and other expenses | |||
(54 | ) | (322 | ) | (149 | ) | Total before tax | ||||
(19 | ) | (113 | ) | (52 | ) | Income tax expense | ||||
(35 | ) | (209 | ) | (97 | ) | Net income (loss) | ||||
Total amounts reclassified from AOCI | $ | 1,099 | $ | 55 | $ | 101 | Net income (loss) | |||
[1] | The December 31, 2013 amount includes $1.5 billion of net unrealized gains on securities relating to the sales of the Retirement Plans and Individual Life businesses. |
[2] | The December 31, 2013 amount includes $71 of net gains on cash flow hedging instruments relating to the sales of the Retirement Plans and Individual Life businesses. |
[3] | The December 31, 2013 amount relates to the sale of the UK variable annuity business. |