v3.24.2.u1
Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2024
Text Block [Abstract]  
Accumulated Other Comprehensive Income

The following table presents the changes in the components of AOCI for the six months ended June 30, 2024:

 

In millions

 

Unrealized Gains (Losses) on AFS Securities, Net

 

 

Foreign Current Translation, Net

 

 

Instrument-Specific Credit Risk of Liabilities Measured at Fair Value, Net

 

 

Total

 

 

Balance, December 31, 2023

 

$

(134

)

 

$

(4

)

 

$

(1

)

 

$

(139

)

 

 

Other comprehensive income (loss) before reclassifications

 

 

(26

)

 

 

-

 

 

 

(2

)

 

 

(28

)

 

 

Amounts reclassified from AOCI

 

 

2

 

 

 

-

 

 

 

28

 

 

 

30

 

 

Net period other comprehensive income (loss)

 

 

(24

)

 

 

-

 

 

 

26

 

 

 

2

 

 

Balance, June 30, 2024

 

$

(158

)

 

$

(4

)

 

$

25

 

 

$

(137

)

 

The following table presents the details of the reclassifications from AOCI for the three and six months ended June 30, 2024 and 2023:

 

 

In millions

 

Amounts Reclassified from AOCI

 

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

Details about AOCI Components

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

Affected Line Item on the Consolidated Statements of Operations

Unrealized gains (losses) on AFS securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gains (losses) on sale of securities

 

$

(2

)

 

$

(8

)

 

$

(2

)

 

$

(13

)

 

Net realized investment gains (losses)

Instrument-specific credit risk of liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deconsolidation of VIE

 

 

(9

)

 

 

(7

)

 

 

(9

)

 

 

(21

)

 

Other net realized gains (losses) - VIE

 

Settlement of liabilities

 

 

-

 

 

 

(13

)

 

 

(19

)

 

 

(13

)

 

Net gains (losses) on financial instruments at fair value and foreign exchange - VIE

Total reclassifications for the period

 

$

(11

)

 

$

(28

)

 

$

(30

)

 

$

(47

)

 

Net income (loss)