v3.24.2
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2024
Other Comprehensive Income And Accumulated Other Comprehensive Income Disclosure [Abstract]  
Changes in accumulated other comprehensive income (loss) (AOCI) [Table Text Block]
The following tables present the changes in the Company’s accumulated other comprehensive income (loss) (AOCI) for the three and six months ended June 30, 2024.
 Changes in Net Unrealized Gains (Losses) on Investment Securities  
(in millions)Having No Credit
Losses Recognized in
the Consolidated
Statement of Income (Loss)		Having Credit 
Losses Recognized 
in the Consolidated
Statement of 
Income (Loss)		Net Benefit Plan Assets and
Obligations
Recognized in
Shareholders’ 
Equity		Net Unrealized
Foreign Currency
Translation		Total Accumulated
Other
Comprehensive
Income (Loss)
Balance, March 31, 2024$(3,903)$182 $(459)$(951)$(5,131)
Other comprehensive income (loss) (OCI) before reclassifications, net of tax(282)— 1 (23)(304)
Amounts reclassified from AOCI, net of tax
27 — (2)— 25 
Net OCI, current period(255)— (1)(23)(279)
Balance, June 30, 2024$(4,158)$182 $(460)$(974)$(5,410)
 Changes in Net Unrealized Gains (Losses) on Investment Securities  
(in millions)Having No Credit
Losses Recognized in
the Consolidated
Statement of Income (Loss)		Having Credit 
Losses Recognized 
in the Consolidated
Statement of 
Income (Loss)		Net Benefit Plan Assets and
Obligations
Recognized in
Shareholders’ 
Equity		Net Unrealized
Foreign Currency
Translation		Total Accumulated
Other
Comprehensive
Income (Loss)
Balance, December 31, 2023$(3,309)$180 $(458)$(884)$(4,471)
Other comprehensive income (loss) (OCI) before reclassifications, net of tax(908)2 1 (90)(995)
Amounts reclassified from AOCI, net of tax
59 — (3)— 56 
Net OCI, current period(849)2 (2)(90)(939)
Balance, June 30, 2024$(4,158)$182 $(460)$(974)$(5,410)
Pre-tax components of other comprehensive income (loss) and the related income tax expense (benefit) for each component [Table Text Block]
The following table presents the pre-tax components of the Company’s other comprehensive income (loss) and the related income tax expense (benefit).
 Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2024202320242023
Changes in net unrealized gains (losses) on investment securities:    
Having no credit losses recognized in the consolidated statement of income (loss)$(324)$(903)$(1,076)$405 
Income tax expense (benefit)(69)(195)(227)83 
Net of taxes(255)(708)(849)322 
Having credit losses recognized in the consolidated statement of income (loss)1 — 3 — 
Income tax expense1 — 1 — 
Net of taxes— — 2 — 
Net changes in benefit plan assets and obligations(2)(4)(3)(7)
Income tax expense (benefit)(1)— (1)(1)
Net of taxes(1)(4)(2)(6)
Net changes in unrealized foreign currency translation(25)94 (96)131 
Income tax expense (benefit)(2)5 (6)11 
Net of taxes(23)89 (90)120 
Total other comprehensive income (loss)(350)(813)(1,172)529 
Total income tax expense (benefit)(71)(190)(233)93 
Total other comprehensive income (loss), net of taxes$(279)$(623)$(939)$436 
Pre-tax and related income tax (expense) benefit components of the amounts reclassified from AOCI to the consolidated statement of income (loss) [Table Text Block]
The following table presents the pre-tax and related income tax (expense) benefit components of the amounts reclassified from the Company’s AOCI to the Company’s consolidated statement of income (loss).
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2024202320242023
Reclassification adjustments related to unrealized gains (losses) on investment securities:  
Having no credit losses recognized in the consolidated statement of income (loss) (1)
$35 $22 $75 $33 
Income tax benefit (2)
8 5 16 7 
Net of taxes27 17 59 26 
Having credit losses recognized in the consolidated statement of income (loss) (1)
— — — — 
Income tax benefit (2)
— — — — 
Net of taxes— — — — 
Reclassification adjustment related to benefit plan assets and obligations:
    
Claims and claim adjustment expenses (benefit) (3)
(1)(1)(1)(2)
General and administrative expenses (benefit) (3)
(1)(2)(2)(4)
Total(2)(3)(3)(6)
Income tax (expense) benefit (2)
— (1)— (1)
Net of taxes(2)(2)(3)(5)
Reclassification adjustment related to foreign currency translation (1)
— — — — 
Income tax benefit (2)
— — — — 
Net of taxes— — — — 
Total reclassifications33 19 72 27 
Total income tax benefit8 4 16 6 
Total reclassifications, net of taxes$25 $15 $56 $21 
_________________________________________________________
(1)(Increases) decreases net realized investment losses on the consolidated statement of income (loss).
(2)(Increases) decreases income tax expense (benefit) on the consolidated statement of income (loss).
(3)Increases (decreases) expenses on the consolidated statement of income (loss).