v3.26.1
Equity (Tables)
 3 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Stock by Class [Table Text Block]
The changes in number of common stock shares issued, held in treasury and outstanding are as follows for the periods presented:
IssuedHeld In TreasuryOutstanding
Balance, December 31, 202585,310,598 19,846,934 65,463,664 
Common stock acquired— 225,638 (225,638)
Equity based plans— (271,208)271,208 
Balance, March 31, 202685,310,598 19,801,364 65,509,234 
IssuedHeld In TreasuryOutstanding
Balance, December 31, 202485,310,598 19,438,336 65,872,262 
Common stock acquired— — — 
Equity based plans— (213,499)213,499 
Balance, March 31, 202585,310,598 19,224,837 66,085,761 
Components of Accumulated Other Comprehensive Income
The balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the three months ended March 31, 2026 and 2025 are as follows (dollars in millions):
 Accumulated Other Comprehensive Income (Loss), Net of Income Tax
 Foreign Currency Translation Adjustments
Net Unrealized Investment Gains
(Losses) (1)
Pension and
Postretirement
Benefits		Effect of Updating Discount Rates on Future Policy BenefitsInstrument-Specific Credit Risk for Market Risk BenefitsTotal
Balance, December 31, 2025$121 $(4,807)$(6)$7,372 $2 $2,682 
Other comprehensive income (loss) before reclassifications(28)(2,251)— 1,664 3 (612)
Amounts reclassified to (from) AOCI— 143 2 — — 145 
Deferred income tax benefit (expense)8 449 (1)(356)(1)99 
Balance, March 31, 2026$101 $(6,466)$(5)$8,680 $4 $2,314 
 Accumulated Other Comprehensive Income (Loss), Net of Income Tax
 Foreign Currency Translation Adjustments
Net Unrealized Investment Gains
(Losses) (1)
Pension and
Postretirement
Benefits		Effect of Updating Discount Rates on Future Policy BenefitsInstrument-Specific Credit Risk for Market Risk BenefitsTotal
Balance, December 31, 2024$(19)$(4,526)$(20)$5,412 $2 $849 
Other comprehensive income (loss) before reclassifications(4)27 1 367 5 396 
Amounts reclassified to (from) AOCI— 76 — — — 76 
Deferred income tax benefit (expense)15 (20)— (77)(1)(83)
Balance, March 31, 2025$(8)$(4,443)$(19)$5,702 $6 $1,238 
(1)Includes cash flow hedges of $(819) and $(748) as of March 31, 2026 and December 31, 2025, respectively, and $(485) and $(495) as of March 31, 2025 and December 31, 2024, respectively. See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.
Reclassification Out Of Accumulated Other Comprehensive Income
The following table presents the amounts of AOCI reclassifications for the three months ended March 31, 2026 and 2025 (dollars in millions):
Amount Reclassified from AOCI
Three months ended March 31,Affected Line Item in 
Statements of Income
Details about AOCI Components20262025
Net unrealized investment gains (losses):
Net unrealized gains (losses) on available-for-sale securities$(126)$(60)Investment related gains (losses), net
Cash flow hedges – Interest rate1 1 (1)
Cash flow hedges – Foreign currency(18)(17)(1)
Total(143)(76)
Provision for income taxes39 13 
Net unrealized gains (losses), net of tax$(104)$(63)
Amortization of defined benefit plan items:
Prior service cost (credit)$— $— 
Actuarial gains (losses)(2)— 
Total(2)— 
Provision for income taxes— — 
Amortization of defined benefit plans, net of tax$(2)$— 
Total reclassifications for the period$(106)$(63)
(1)See Note 11 for information on cash flow hedges.