Equity (Tables)
|
9 Months Ended |
Sep. 30, 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: | | | | | | | | | | | | | | | | | | | | | | | Issued | | Held In Treasury | | Outstanding | Balance, December 31, 2025 | | 85,310,598 | | | 19,846,934 | | | 65,463,664 | | | | | | | | | | Common stock acquired | | — | | | 765,739 | | | (765,739) | | | Equity based plans | | — | | | (345,088) | | | 345,088 | | Balance, September 30, 2026 | | 85,310,598 | | | 20,267,585 | | | 65,043,013 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | Issued | | Held In Treasury | | Outstanding | Balance, December 31, 2024 | | 85,310,598 | | | 19,438,336 | | | 65,872,262 | | | Common stock acquired | | — | | | 406,337 | | | (406,337) | | | Equity based plans | | — | | | (243,514) | | | 243,514 | | Balance, September 30, 2025 | | 85,310,598 | | | 19,601,159 | | | 65,709,439 | | | | | | | | |
|
| Components of Accumulated Other Comprehensive Income |
The following tables present the balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the nine months ended September 30, 2026 and 2025 (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 Benefits | | Instrument-Specific Credit Risk for Market Risk Benefits | | Total | Balance, December 31, 2025 | | $ | 121 | | | $ | (4,807) | | | $ | (6) | | | $ | 7,372 | | | $ | 2 | | | $ | 2,682 | | | Other comprehensive income (loss) before reclassifications | | (3) | | | (8,258) | | | — | | | 4,423 | | | 1 | | | (3,837) | | | Amounts reclassified to (from) AOCI | | — | | | 386 | | | 8 | | | — | | | — | | | 394 | | | Deferred income tax benefit (expense) | | 1 | | | 1,678 | | | (2) | | | (956) | | | — | | | 721 | | Balance, September 30, 2026 | | $ | 119 | | | $ | (11,001) | | | $ | — | | | $ | 10,839 | | | $ | 3 | | | $ | (40) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 Benefits | | Instrument-Specific Credit Risk for Market Risk Benefits | | Total | Balance, December 31, 2024 | | $ | (19) | | | $ | (4,526) | | | $ | (20) | | | $ | 5,412 | | | $ | 2 | | | $ | 849 | | | Other comprehensive income (loss) before reclassifications | | 85 | | | 219 | | | 6 | | | 1,645 | | | (1) | | | 1,954 | | | Amounts reclassified to (from) AOCI | | — | | | 175 | | | — | | | — | | | — | | | 175 | | | Deferred income tax benefit (expense) | | 17 | | | (67) | | | (1) | | | (375) | | | — | | | (426) | | Balance, September 30, 2025 | | $ | 83 | | | $ | (4,199) | | | $ | (15) | | | $ | 6,682 | | | $ | 1 | | | $ | 2,552 | |
(1)Includes cash flow hedges of $(1,105) million and $(748) million as of September 30, 2026 and December 31, 2025, respectively, and $(572) million and $(495) million as of September 30, 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 and nine months ended September 30, 2026 and 2025 (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amount Reclassified from AOCI | | | | | Three months ended September 30, | | Nine months ended September 30, | | Affected Line Item in
Statements of Income | | Details about AOCI Components | | 2026 | | 2025 | | 2026 | | 2025 | | | Net unrealized investment gains (losses): | | | | | | | | | | | | Net unrealized gains (losses) on available-for-sale securities | | $ | (116) | | | $ | 8 | | | $ | (340) | | | $ | (127) | | | Investment related gains (losses), net | | Cash flow hedges – Interest rate | | 1 | | | 1 | | | 4 | | | 3 | | | (1) | | Cash flow hedges – Foreign currency | | (16) | | | (17) | | | (50) | | | (51) | | | (1) | | | | | | | | | | | | | Total | | (131) | | | (8) | | | (386) | | | (175) | | | | | Provision for income taxes | | 51 | | | (9) | | | 114 | | | 25 | | | | | Net unrealized gains (losses), net of tax | | $ | (80) | | | $ | (17) | | | $ | (272) | | | $ | (150) | | | | | Amortization of defined benefit plan items: | | | | | | | | | | | Prior service cost (credit) | | $ | — | | | $ | — | | | $ | 1 | | | $ | 1 | | | (2) | | Actuarial gains (losses) | | (3) | | | (1) | | | (9) | | | (1) | | | (2) | | Total | | (3) | | | (1) | | | (8) | | | — | | | | | Provision for income taxes | | 1 | | | — | | | 2 | | | — | | | | | Amortization of defined benefit plans, net of tax | | $ | (2) | | | $ | (1) | | | $ | (6) | | | $ | — | | | | | | | | | | | | | | | | Total reclassifications for the period | | $ | (82) | | | $ | (18) | | | $ | (278) | | | $ | (150) | | | |
(1)See Note 11 – “Derivative Instruments” for additional information on cash flow hedges. (2)These AOCI components are included in the computation of net periodic benefit costs.
|