MetLife 2013 Annual Report Download - page 195

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
16. Equity (continued)
Information regarding amounts reclassified out of each component of AOCI, was as follows:
AOCI Components
Amounts Reclassified from AOCI Statement of Operations and
Comprehensive Income (Loss)
LocationYears Ended December 31,
2013 2012 2011
(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses) ............................... $ 404 $ (34) $(952) Other net investment gains (losses)
Net unrealized investment gains (losses) ............................... 93 73 73 Net investment income
Net unrealized investment gains (losses) ............................... (26) (10) 144 Net derivative gains (losses)
OTTI ........................................................... (60) 29 (31) OTTI on fixed maturity securities
Net unrealized investment gains (losses), before income tax .............. 411 58 (766)
Income tax (expense) benefit ...................................... (136) (23) 261
Net unrealized investment gains (losses), net of income tax .............. $275 $ 35 $(505)
Unrealized gains (losses) on derivatives — cash flow hedges:
Interest rate swaps ............................................... $ 20 $ 1 $ (42) Net derivative gains (losses)
Interest rate swaps ............................................... 8 4 1 Net investment income
Interest rate swaps ............................................... — (3) (10) Other expenses
Interest rate forwards .............................................. 10 1 31 Net derivative gains (losses)
Interest rate forwards .............................................. 3 2 1 Net investment income
Interest rate forwards .............................................. (1) (1) (1) Other expenses
Foreign currency swaps ........................................... (3) 23 — Net derivative gains (losses)
Foreign currency swaps ........................................... (3) (5) (6) Net investment income
Foreign currency swaps ........................................... 1 1 2 Other expenses
Credit forwards .................................................. — — 2 Net derivative gains (losses)
Credit forwards .................................................. 1 1 1 Net investment income
Gains (losses) on cash flow hedges, before income tax ................. 36 24 (21)
Income tax (expense) benefit ...................................... (11) (8) 7
Gains (losses) on cash flow hedges, net of income tax ................. $ 25 $ 16 $ (14)
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses) ............................. $283 $252 $ 237
Amortization of prior service (costs) credit .............................. (69) (98) (104)
Amortization of defined benefit plan items, before income tax ............. 214 154 133
Income tax (expense) benefit ...................................... (75) (54) (46)
Amortization of defined benefit plan items, net of income tax ............. $139 $100 $ 87
Total reclassifications, net of income tax ................................. $439 $151 $(432)
(1) These AOCI components are included in the computation of net periodic benefit costs. See Note 18.
MetLife, Inc. 187