MetLife 2009 Annual Report Download - page 204

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Other Comprehensive Income (Loss)
The following table sets forth the reclassification adjustments required for the years ended December 31, 2009, 2008 and 2007 in other
comprehensive income (loss) that are included as part of net income for the current year that have been reported as a part of other
comprehensive income (loss) in the current or prior year:
2009 2008 2007
Years Ended December 31,
(In millions)
Holding gains (losses) on investments arising during the year . . . . . . . . . . . . . . . . . $18,548 $(26,650) $(1,494)
Incometaxeffectofholdinggains(losses) ............................. (6,243) 8,989 581
Reclassification adjustments:
Recognized holding (gains) losses included in current year income . . . . . . . . . . . . 1,954 2,040 176
Amortization of premiums and accretion of discounts associated with investments . . (490) (926) (831)
Incometaxeffect.............................................. (493) (377) 254
Allocation of holding (gains) losses on investments relating to other policyholder
amounts.................................................. (2,979) 4,809 676
Income tax effect of allocation of holding (gains) losses to other policyholder
amounts.................................................. 1,002 (1,621) (264)
Unrealizedinvestmentlossofsubsidiaryatdateofsale..................... — 131 —
Deferred income tax on unrealized investment loss of subsidiary at date of sale . . . . . — (60) —
Net unrealized investment gains (losses), net of income tax . . . . . . . . . . . . . . . . . . 11,299 (13,665) (902)
Foreigncurrencytranslationadjustment,netofincometax................... 63 (700) 346
Definedbenefitplanadjustment,netofincometax........................ (102) (1,199) 564
Othercomprehensiveincome(loss).................................. 11,260 (15,564) 8
Other comprehensive income (loss) attributable to noncontrolling interests . . . . . . . . 11 (10) 1
Other comprehensive income (loss) attributable to noncontrolling interests of
subsidiaryatdateofdisposal .................................... — 150 8
Foreign currency translation adjustment attributable to noncontrolling interests of
subsidiaryatdateofdisposal .................................... — 107 (56)
Defined benefit plans adjustment attributable to noncontrolling interests of subsidiary
atdateofdisposal ........................................... — (4) (1)
Other comprehensive income (loss) attributable to MetLife, Inc., excluding cumulative
effectofchangeinaccountingprinciple ............................. 11,271 (15,321) (40)
Cumulative effect of change in accounting principle, net of income tax of $40 million,
effective April 1, 2009 (See Note 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (76) — —
Other comprehensive income (loss) attributable to MetLife, Inc. . . . . . . . . . . . . . . . $11,195 $(15,321) $ (40)
19. Other Expenses
Information on other expenses is as follows:
2009 2008 2007
Years Ended December 31,
(In millions)
Compensation ............................................... $ 3,804 $ 3,368 $ 3,362
Commissions................................................ 3,433 3,384 3,207
Interestanddebtissuecosts ..................................... 1,083 1,086 987
Interestcreditedtobankdeposits................................... 163 166 200
AmortizationofDACandVOBA .................................... 1,307 3,489 2,250
CapitalizationofDAC........................................... (3,019) (3,092) (3,064)
Rent,netofsubleaseincome...................................... 479 477 373
Insurancetax ................................................ 550 497 503
Other ..................................................... 2,756 2,572 2,587
Totalotherexpenses ........................................... $10,556 $11,947 $10,405
Interest and Debt Issue Costs
See Notes 11, 12, 13 and 14 for attribution of interest expense by debt issuance. Includes interest expense on tax audits of $39 million,
$35 million and $90 million, respectively.
F-120 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)