AIG 2014 Annual Report Download - page 314

ITEM 8 / NOTE 17. EQUITY

297
net of income tax expense (benefit) $ 361 $ (6,673) $ (556) $ - $ 631 $ (6,237)
December 31, 2014
Unrealized change arising during period $ 119 $6,488 $(833) $- $(866) $4,908
Less: Reclassification adjustments
included in net income 28 532 -- (2) 558
Total other comprehensive income (loss),
before income tax expense (benefit) 91 5,956 (833) - (864) 4,350
Less: Income tax expense (benefit) (16) 418 (1) - (308) 93
Total other comprehensive income (loss),
net of income tax expense (benefit) $ 107 $5,538 $(832) $- $(556) $4,257
The following table presents the effect of the reclassification of significant items out of Accumulated other
comprehensive income on the respective line items in the Consolidated Statements of Income:
Amount Reclassified
from Accumulated Other
Comprehensive Income
Years Ended December 31, Affected Line Item in the
(in millions) 2014 2013 Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity
securities on which other-than-temporary credit impairments
were recognized
Investments $28 $91 Other realized capital gains
Total 28 91
Unrealized appreciation (depreciation) of all other investments
Investments 669 2,452 Other realized capital gains
Deferred acquisition costs adjustment (20) (28) Amortization of deferred acquisition costs
Future policy benefits (117) (1,569) Policyholder benefits and losses incurred
Total 532 855
Change in retirement plan liabilities adjustment
Prior-service costs 47 47 *
Actuarial gains/(losses) (49) (157) *
Total (2) (110)
Total reclassifications for the period $558 $836
* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 22 to the Consolidated
Financial Statements.
18. NONCONTROLLING INTERESTS
The following table presents a rollforward of noncontrolling interests:
Redeemable Non-redeemable
Noncontrolling interests Noncontrolling interests
Held by
Department Held by
(in millions) of Treasury Other Total FRBNY Other Total
Year Ended December 31, 2014
Balance, beginning of year $ - $ 30 $30 $ - $ 611 $611
Contributions from noncontrolling interests - 1 1 - 17 17
Distributions to noncontrolling interests - - - - (147) (147)
Deconsolidation - (31) (31) - (99) (99)
Comprehensive loss:
Net loss - - - - (5) (5)
Other comprehensive income (loss), net of tax:
Unrealized gains on investments - - - - - -