2014 Q4 Form 10-Q Financial Statement

#000000497714000138 Filed on November 03, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $5.514B $5.736B $5.886B
YoY Change -4.95% -2.55% -14.04%
Cost Of Revenue $3.355B $3.485B
YoY Change -3.73% -11.37%
Gross Profit $2.381B $2.401B
YoY Change -0.83% -17.63%
Gross Profit Margin 41.51% 40.79%
Selling, General & Admin $566.0M $568.0M
YoY Change -0.35% -4.54%
% of Gross Profit 23.77% 23.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $271.0M $256.0M
YoY Change 5.86% -8.9%
% of Gross Profit 11.38% 10.66%
Operating Expenses $4.360B $566.0M $568.0M
YoY Change -7.06% -0.35% -4.54%
Operating Profit $1.041B $1.047B
YoY Change -0.57% -12.31%
Interest Expense -$79.00M $77.00M $71.00M
YoY Change -3.66% 8.45% 5.97%
% of Operating Profit 7.4% 6.78%
Other Income/Expense, Net $27.00M $0.00
YoY Change
Pretax Income $1.075B $1.074B $1.069B
YoY Change 4.57% 0.47% -27.77%
Income Tax $372.0M $368.0M $367.0M
% Of Pretax Income 34.6% 34.26% 34.33%
Net Earnings $703.0M $706.0M $702.0M
YoY Change 4.15% 0.57% -30.97%
Net Earnings / Revenue 12.75% 12.31% 11.93%
Basic Earnings Per Share $1.57 $1.56 $1.51
Diluted Earnings Per Share $1.57 $1.56 $1.50
COMMON SHARES
Basic Shares Outstanding 450.6M shares 451.2M shares 464.3M shares
Diluted Shares Outstanding 454.0M shares 467.4M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.658B $2.666B $2.749B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $429.0M $449.0M $510.0M
YoY Change -10.81% -11.96% -18.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $102.7B $112.0B $104.0B
YoY Change -3.05% 7.75% -14.24%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $119.7B $127.3B $119.9B
YoY Change -1.3% 6.12% -13.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.486B $11.49B $3.883B
YoY Change -21.51% 196.01% -60.59%
LONG-TERM LIABILITIES
Long-Term Debt $5.282B $4.558B $4.953B
YoY Change 7.86% -7.97% 12.54%
Other Long-Term Liabilities $4.719B $3.148B $2.487B
YoY Change 65.58% 26.58% 9.46%
Total Long-Term Liabilities $10.00B $7.706B $7.440B
YoY Change 29.1% 3.58% 11.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.486B $11.49B $3.883B
Total Long-Term Liabilities $10.00B $7.706B $7.440B
Total Liabilities $101.4B $109.4B $105.3B
YoY Change -4.94% 3.93% -13.62%
SHAREHOLDERS EQUITY
Retained Earnings $22.16B $21.63B $19.38B
YoY Change 11.42% 11.6% 14.21%
Common Stock $1.778B $1.793B $1.672B
YoY Change 3.92% 7.24% 8.64%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.566B $7.068B $5.933B
YoY Change 17.98% 19.13% 5.76%
Treasury Stock Shares 225.7M shares 217.5M shares 200.8M shares
Shareholders Equity $18.35B $17.85B $14.66B
YoY Change
Total Liabilities & Shareholders Equity $119.8B $127.3B $119.9B
YoY Change -1.27% 6.12% -13.0%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $703.0M $706.0M $702.0M
YoY Change 4.15% 0.57% -30.97%
Depreciation, Depletion And Amortization $271.0M $256.0M
YoY Change 5.86% -8.9%
Cash From Operating Activities $1.973B $1.445B $1.461B
YoY Change -41.77% -1.1% -65.26%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$97.00M -$550.0M -$1.711B
YoY Change -97.28% -67.86% -61.47%
Cash From Investing Activities -$97.00M -$550.0M -$1.711B
YoY Change -97.28% -67.86% -61.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $335.0M
YoY Change
Cash From Financing Activities 175.0M -523.0M 607.0M
YoY Change 5733.33% -186.16% -42.52%
NET CHANGE
Cash From Operating Activities 1.973B 1.445B 1.461B
Cash From Investing Activities -97.00M -550.0M -1.711B
Cash From Financing Activities 175.0M -523.0M 607.0M
Net Change In Cash 2.051B 372.0M 357.0M
YoY Change -1245.81% 4.2% -56.52%
FREE CASH FLOW
Cash From Operating Activities $1.973B $1.445B $1.461B
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;text-decoration:underline;">Accounting Pronouncements Pending Adoption</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Receivables -Troubled debt restructurings by creditors:</font><font style="font-family:Arial;font-size:10pt;"> In January 2014, the FASB issued updated guidance for troubled debt restructurings clarifying when an in substance repossession or foreclosure occurs, and when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. The new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this guidance will not have a significant impact on our financial position or results of operations.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Transfers and Servicing, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures:</font><font style="font-family:Arial;font-size:10pt;"> In June 2014, the FASB issued updated guidance for repurchase agreement and security lending transactions to change the accounting for repurchase-to-maturity transactions and linked repurchase financings to be accounted for as secured borrowings, consistent with the accounting for other repurchase agreements. The amendments also require new disclosures to increase transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this guidance will not have a significant impact on our financial position or results of operations.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Presentation of Financial Statements-Going Concern: Disclosure of Uncertainties about an Entity&#8217;s Ability to Continue as a Going Concern: </font><font style="font-family:Arial;font-size:10pt;">In August 2014, the FASB issued this amendment that provides U.S. GAAP guidance on management&#8217;s responsibility in evaluating whether there is substantial doubt about a company&#8217;s ability to continue as a going concern and about related footnote disclosures. For each reporting period, management will be required to evaluate whether there are conditions or events that raise substantial doubt about a company&#8217;s ability to continue as a going concern within one year from the date the financial statements are issued. The amendment is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this guidance will not have a significant impact on our financial position or results of operations.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Compensation - Stock Compensation - Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period: </font><font style="font-family:Arial;font-size:10pt;">In June 2014, the FASB issued this amendment that provides guidance on certain share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance to awards with performance conditions that affect vesting to account for such awards. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. The guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The adoption of this guidance will not have a significant impact on our financial position or results of operations.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Revenue from Contracts with Customers: </font><font style="font-family:Arial;font-size:10pt;">In May 2014, the FASB issued updated guidance that affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The adoption of this guidance will not have a significant impact on our financial position or results of operations.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"></font></div></div>
us-gaap Direct Premiums Earned
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CY2014Q3 us-gaap Direct Premiums Earned
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2014Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2014Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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CY2013Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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CY2014Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
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CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
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210000000 USD
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us-gaap Net Investment Income
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Tax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Tax
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us-gaap Other Comprehensive Income Loss Tax
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CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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774000000 USD
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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255000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Cost And Expense Operating
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CY2013Q3 us-gaap Other Cost And Expense Operating
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us-gaap Other Income
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CY2013Q3 us-gaap Other Income
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us-gaap Other Income
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CY2014Q3 us-gaap Other Investments
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CY2013Q4 us-gaap Other Liabilities
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CY2014Q3 us-gaap Other Liabilities
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us-gaap Other Noncash Expense
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us-gaap Other Noncash Expense
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us-gaap Other Nonoperating Income Expense
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CY2013Q3 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2014Q3 us-gaap Other Nonoperating Income Expense
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CY2014Q3 us-gaap Other Policyholder Funds
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CY2013Q4 us-gaap Other Policyholder Funds
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us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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CY2014Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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28000000 USD
us-gaap Payments For Proceeds From Hedge Investing Activities
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us-gaap Payments For Proceeds From Hedge Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends
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us-gaap Payments Of Dividends
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us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Payments To Acquire Held To Maturity Securities
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us-gaap Payments To Acquire Held To Maturity Securities
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1180000000 USD
CY2014Q3 us-gaap Policyholder Benefits And Claims Incurred Gross
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us-gaap Policyholder Benefits And Claims Incurred Gross
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us-gaap Policyholder Benefits And Claims Incurred Net
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us-gaap Policyholder Benefits And Claims Incurred Net
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1165000000 USD
CY2014Q3 us-gaap Premiums And Other Receivables Net
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870000000 USD
CY2014Q3 us-gaap Premiums Earned Net
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4841000000 USD
us-gaap Premiums Earned Net
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15225000000 USD
CY2013Q3 us-gaap Premiums Earned Net
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5028000000 USD
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14583000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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700000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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0 USD
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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us-gaap Proceeds From Sale Of Treasury Stock
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59000000 USD
us-gaap Proceeds From Sale Of Treasury Stock
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CY2013Q4 us-gaap Property Plant And Equipment Net
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CY2014Q3 us-gaap Property Plant And Equipment Net
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CY2014Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2013Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
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CY2014Q3 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
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CY2014Q3 us-gaap Repayments Of Long Term Debt
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335000000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
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335000000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
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0 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
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CY2013Q3 us-gaap Revenues
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CY2014Q3 us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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1637000000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
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566000000 USD
CY2013Q3 us-gaap Selling General And Administrative Expense
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568000000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
7799000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
47.14
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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102000000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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9686000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
48.41
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y8M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P4Y7M6D
us-gaap Stock Issued During Period Shares Share Based Compensation
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us-gaap Stock Issued During Period Shares Share Based Compensation
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1254000 shares
CY2014Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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38100000 shares
CY2014Q3 us-gaap Stockholders Equity
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CY2013Q4 us-gaap Stockholders Equity
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CY2013Q3 us-gaap Stockholders Equity
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CY2014Q3 us-gaap Treasury Stock Shares
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CY2013Q3 us-gaap Treasury Stock Shares
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200783000 shares
CY2013Q4 us-gaap Treasury Stock Shares
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207633000 shares
CY2012Q4 us-gaap Treasury Stock Shares
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197453000 shares
CY2013Q4 us-gaap Treasury Stock Value
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CY2014Q3 us-gaap Treasury Stock Value
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CY2013Q4 us-gaap Unearned Premiums
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CY2014Q3 us-gaap Unearned Premiums
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CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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468052000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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455674000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q4 afl Accumulated Other Comprehensive Income Loss Deferred Income Tax On Investment Securities
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CY2014Q3 afl Accumulated Other Comprehensive Income Loss Deferred Income Tax On Investment Securities
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CY2014Q3 afl Accumulated Other Comprehensive Income Loss Unamortized Unrealized Gains On Securities Transferred To Held To Maturity
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8000000 USD
CY2013Q4 afl Accumulated Other Comprehensive Income Loss Unamortized Unrealized Gains On Securities Transferred To Held To Maturity
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11000000 USD
afl Acquisition And Operating Cost And Expenses
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afl Acquisition And Operating Cost And Expenses
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3930000000 USD
CY2014Q3 afl Acquisition And Operating Cost And Expenses
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1307000000 USD
CY2013Q3 afl Acquisition And Operating Cost And Expenses
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1332000000 USD
CY2013 afl Amountofyearslefttomeetfifteenyearservicerequirementforactiveemployeesagefiftyfiveoroldertobeeligibleforpostretirementmedicalbenefits
Amountofyearslefttomeetfifteenyearservicerequirementforactiveemployeesagefiftyfiveoroldertobeeligibleforpostretirementmedicalbenefits
P5Y
CY2014Q3 afl Collateral Requirements Minimum Percentage Collateral To Fair Value Of Securities Loaned Under Security Lending Transactions
CollateralRequirementsMinimumPercentageCollateralToFairValueOfSecuritiesLoanedUnderSecurityLendingTransactions
1.02
CY2014Q3 afl Derivative Collateral Obligationto Return Cashand Securities
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369000000 USD
CY2013Q4 afl Derivative Collateral Right To Reclaim Securities And Cash
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CY2014Q3 afl Derivative Collateral Right To Reclaim Securities And Cash
DerivativeCollateralRightToReclaimSecuritiesAndCash
726000000 USD
afl Derivativeandnonderivativehedginginstrumentsgainlossrecognizedinothercomprehensiveincomeeffectiveportionbeforetax
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afl Derivativeandnonderivativehedginginstrumentsgainlossrecognizedinothercomprehensiveincomeeffectiveportionbeforetax
Derivativeandnonderivativehedginginstrumentsgainlossrecognizedinothercomprehensiveincomeeffectiveportionbeforetax
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CY2014Q3 afl Derivativeandnonderivativehedginginstrumentsgainlossrecognizedinothercomprehensiveincomeeffectiveportionbeforetax
Derivativeandnonderivativehedginginstrumentsgainlossrecognizedinothercomprehensiveincomeeffectiveportionbeforetax
34000000 USD
CY2013Q3 afl Derivativeandnonderivativehedginginstrumentsgainlossrecognizedinothercomprehensiveincomeeffectiveportionbeforetax
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afl Effect Of Foreign Currency Translation On Operating Earnings
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CY2013Q3 afl Effect Of Foreign Currency Translation On Operating Earnings
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CY2014Q3 afl Effect Of Foreign Currency Translation On Operating Earnings
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afl Effect Of Foreign Currency Translation On Operating Earnings
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CY2014Q3 afl Financialinstrumentsamountnotoffsetagainstderivativeassetsinbalancesheet
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0 USD
CY2013Q4 afl Financialinstrumentsamountnotoffsetagainstderivativeassetsinbalancesheet
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0 USD
CY2013Q4 afl Financialinstrumentsamountnotoffsetagainstderivativeliabilitiesinbalancesheet
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0 USD
CY2014Q3 afl Financialinstrumentsamountnotoffsetagainstderivativeliabilitiesinbalancesheet
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0 USD
CY2014Q3 afl Gain Loss On Change In Fair Value Of Derivative Interest Rate Component Operating
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10000000 USD
afl Gain Loss On Change In Fair Value Of Derivative Interest Rate Component Operating
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30000000 USD
afl Gain Loss On Derivative Instruments And Other Net Pretax
GainLossOnDerivativeInstrumentsAndOtherNetPretax
167000000 USD
CY2014Q3 afl Gain Loss On Derivative Instruments And Other Net Pretax
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CY2013Q3 afl Gain Loss On Derivative Instruments And Other Net Pretax
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afl Gain Loss On Derivative Instruments And Other Net Pretax
GainLossOnDerivativeInstrumentsAndOtherNetPretax
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afl Gain Loss On Investments Nonoperating
GainLossOnInvestmentsNonoperating
379000000 USD
CY2013Q3 afl Gain Loss On Investments Nonoperating
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22000000 USD
afl Gain Loss On Investments Nonoperating
GainLossOnInvestmentsNonoperating
42000000 USD
CY2014Q3 afl Gain Loss On Investments Nonoperating
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6000000 USD
CY2014Q3 afl Hedging Activity Weighted Average Period
HedgingActivityWeightedAveragePeriod
11 Y
CY2014Q2 afl Held To Maturity Securities Transferred To Available For Sale Securities Number Of Investments
HeldToMaturitySecuritiesTransferredToAvailableForSaleSecuritiesNumberOfInvestments
1 investment
CY2013Q2 afl Held To Maturity Securities Transferred To Available For Sale Securities Number Of Investments
HeldToMaturitySecuritiesTransferredToAvailableForSaleSecuritiesNumberOfInvestments
1 investment
CY2014Q1 afl Held To Maturity Securities Transferred To Available For Sale Securities Number Of Investments
HeldToMaturitySecuritiesTransferredToAvailableForSaleSecuritiesNumberOfInvestments
1 investment
CY2014Q3 afl Held To Maturity Securities Transferred To Available For Sale Securities Number Of Investments
HeldToMaturitySecuritiesTransferredToAvailableForSaleSecuritiesNumberOfInvestments
1 investment
CY2013Q3 afl Held To Maturity Securities Transferred To Available For Sale Securities Number Of Investments
HeldToMaturitySecuritiesTransferredToAvailableForSaleSecuritiesNumberOfInvestments
0 investment
CY2013Q1 afl Held To Maturity Securities Transferred To Available For Sale Securities Number Of Investments
HeldToMaturitySecuritiesTransferredToAvailableForSaleSecuritiesNumberOfInvestments
0 investment
afl Income Taxes Applicable To Pretax Operating Earnings
IncomeTaxesApplicableToPretaxOperatingEarnings
1151000000 USD
CY2014Q3 afl Income Taxes Applicable To Pretax Operating Earnings
IncomeTaxesApplicableToPretaxOperatingEarnings
356000000 USD
CY2013Q3 afl Income Taxes Applicable To Pretax Operating Earnings
IncomeTaxesApplicableToPretaxOperatingEarnings
360000000 USD
afl Income Taxes Applicable To Pretax Operating Earnings
IncomeTaxesApplicableToPretaxOperatingEarnings
1173000000 USD
afl Increase Decrease In Collateral Held For Securities Lending And Derivatives
IncreaseDecreaseInCollateralHeldForSecuritiesLendingAndDerivatives
5606000000 USD
afl Increase Decrease In Collateral Held For Securities Lending And Derivatives
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afl Length Of Volatility Of Japanese Yen To Us Dollar Exchange Rate
LengthOfVolatilityOfJapaneseYenToUsDollarExchangeRate
P10Y
CY2013 afl Length Of Volatility Of Japanese Yen To Us Dollar Exchange Rate
LengthOfVolatilityOfJapaneseYenToUsDollarExchangeRate
P10Y
CY2013Q4 afl Liabilities Fair Value Disclosure Financial Instruments Carried At Cost
LiabilitiesFairValueDisclosureFinancialInstrumentsCarriedAtCost
10956000000 USD
CY2014Q3 afl Liabilities Fair Value Disclosure Financial Instruments Carried At Cost
LiabilitiesFairValueDisclosureFinancialInstrumentsCarriedAtCost
11503000000 USD
CY2013Q4 afl Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
SecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
27790000000 USD
CY2014Q3 afl Number Of Counterparties
NumberOfCounterparties
16 counterparties
CY2014Q3 afl Number Of Counterparties That Comprise Majority Of Aggregate Notional Amount Of Swaps
NumberOfCounterpartiesThatCompriseMajorityOfAggregateNotionalAmountOfSwaps
5 counterparties
CY2014Q3 afl Number Of Currencies
NumberOfCurrencies
1 currency
CY2014Q3 afl Number Of Incentive Compensation Plans
NumberOfIncentiveCompensationPlans
2
CY2013Q4 afl Obligation To Return Cash Or Securities Received As Collateral
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5820000000 USD
CY2014Q3 afl Obligation To Return Cash Or Securities Received As Collateral
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7025000000 USD
CY2014Q3 afl Other Comprehensive Income Reclassification Adjustment For Sale And Write Down Of Securities Included In Net Income Before Tax
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-27000000 USD
CY2013Q3 afl Other Comprehensive Income Reclassification Adjustment For Sale And Write Down Of Securities Included In Net Income Before Tax
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-94000000 USD
afl Other Comprehensive Income Reclassification Adjustment For Sale And Write Down Of Securities Included In Net Income Before Tax
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-18000000 USD
afl Other Comprehensive Income Reclassification Adjustment For Sale And Write Down Of Securities Included In Net Income Before Tax
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-220000000 USD
CY2013Q4 afl Other Policyholders Funds Fair Value Disclosure
OtherPolicyholdersFundsFairValueDisclosure
5715000000 USD
CY2014Q3 afl Other Policyholders Funds Fair Value Disclosure
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6428000000 USD
afl Payments For Proceeds From Other Investments
PaymentsForProceedsFromOtherInvestments
3690000000 USD
afl Payments For Proceeds From Other Investments
PaymentsForProceedsFromOtherInvestments
315000000 USD
CY2014Q3 afl Percentage Of Notional Amount Of Swaps From Certain Number Of Counterparties
PercentageOfNotionalAmountOfSwapsFromCertainNumberOfCounterparties
0.83
CY2013Q4 afl Percentage Of Total Investments In Unrealized Loss Position
PercentageOfTotalInvestmentsInUnrealizedLossPosition
1.00
CY2014Q3 afl Percentage Of Total Investments In Unrealized Loss Position
PercentageOfTotalInvestmentsInUnrealizedLossPosition
1.00
CY2013Q4 afl Percentage Of Total Unrealized Losses
PercentageOfTotalUnrealizedLosses
1.00
CY2014Q3 afl Percentage Of Total Unrealized Losses
PercentageOfTotalUnrealizedLosses
1.00
afl Proceeds From Maturities Prepayments And Calls Of Available For Sale Perpetual Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSalePerpetualSecurities
259000000 USD
afl Proceeds From Maturities Prepayments And Calls Of Available For Sale Perpetual Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSalePerpetualSecurities
0 USD
afl Proceeds From Sale Of Available For Sale Perpetual Securities
ProceedsFromSaleOfAvailableForSalePerpetualSecurities
212000000 USD
afl Proceeds From Sale Of Available For Sale Perpetual Securities
ProceedsFromSaleOfAvailableForSalePerpetualSecurities
60000000 USD
afl Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
1106000000 USD
CY2013 afl Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
1370000000 USD
afl Securities Continuous Unrealized Loss Position Aggregate Losses
SecuritiesContinuousUnrealizedLossPositionAggregateLosses
1186000000 USD
CY2013 afl Securities Continuous Unrealized Loss Position Aggregate Losses
SecuritiesContinuousUnrealizedLossPositionAggregateLosses
2746000000 USD
CY2014Q3 afl Securities Continuous Unrealized Loss Position Fair Value
SecuritiesContinuousUnrealizedLossPositionFairValue
19636000000 USD
CY2013Q4 afl Securities Continuous Unrealized Loss Position Fair Value
SecuritiesContinuousUnrealizedLossPositionFairValue
36214000000 USD
CY2014Q3 afl Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
SecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
4361000000 USD
afl Securities Continuous Unrealized Loss Position Lessthan12months Aggregate Losses
SecuritiesContinuousUnrealizedLossPositionLessthan12monthsAggregateLosses
80000000 USD
CY2013 afl Securities Continuous Unrealized Loss Position Lessthan12months Aggregate Losses
SecuritiesContinuousUnrealizedLossPositionLessthan12monthsAggregateLosses
1376000000 USD
CY2014Q3 afl Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
SecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
15275000000 USD
CY2013Q4 afl Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
SecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
8424000000 USD
CY2014Q3 afl Securities Loaned Collateral Obligation To Return Cash
SecuritiesLoanedCollateralObligationToReturnCash
7025000000 USD
CY2013Q4 afl Securities Loaned Collateral Obligation To Return Cash
SecuritiesLoanedCollateralObligationToReturnCash
5820000000 USD
CY2013Q4 afl Securities Loaned Total
SecuritiesLoanedTotal
5656000000 USD
CY2014Q3 afl Securities Loaned Total
SecuritiesLoanedTotal
6873000000 USD
CY2013Q4 afl Total Financial Instrument Liabilities Not Carried At Fair Value
TotalFinancialInstrumentLiabilitiesNotCarriedAtFairValue
10752000000 USD
CY2014Q3 afl Total Financial Instrument Liabilities Not Carried At Fair Value
TotalFinancialInstrumentLiabilitiesNotCarriedAtFairValue
11119000000 USD
CY2014Q3 afl Total Policy Liabilities
TotalPolicyLiabilities
90200000000 USD
CY2013Q4 afl Total Policy Liabilities
TotalPolicyLiabilities
89402000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000004977
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
450586603 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
AFLAC INC
dei Trading Symbol
TradingSymbol
AFL
CY2014Q3 invest Derivative Notional Amount
DerivativeNotionalAmount
24012000000 USD
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
22475000000 USD

Files In Submission

Name View Source Status
0000004977-14-000138-index-headers.html Edgar Link pending
0000004977-14-000138-index.html Edgar Link pending
0000004977-14-000138.txt Edgar Link pending
0000004977-14-000138-xbrl.zip Edgar Link pending
afl-20140930.xml Edgar Link completed
afl-20140930.xsd Edgar Link pending
afl-20140930_cal.xml Edgar Link unprocessable
afl-20140930_def.xml Edgar Link unprocessable
afl-20140930_lab.xml Edgar Link unprocessable
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