ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

AOCI represents cumulative gains (losses) on investments that are not reflected in earnings (loss). The balances for the past three years follow:

 
December 31,
 
2016
 
2015
 
2014
 
(In Millions)
 
 
 
 
 
 
Unrealized gains (losses) on investments, net of adjustments   
$
7

 
$
5

 
$
17

Total Accumulated Other Comprehensive Income (Loss)   
$
7

 
$
5

 
$
17



The components of OCI for the past three years follow:
 
December 31,
 
2016
 
2015
 
2014
 
(In Millions)
Change in net unrealized gains (losses) on investments:
 
 
 
 
 
Net unrealized gains (losses) arising during the year   
$
(1
)
 
$
(13
)
 
$
11

(Gains) losses reclassified into net earnings (loss) during the year(1)   
3

 
0

 
7

Change in net unrealized gains (losses) on investments   
2

 
(13
)
 
18

Adjustments for DAC, VOBA and Other   
—

 
1

 
(9
)
Other Comprehensive Income (Loss), net of adjustments and (net of deferred income tax expense (benefit) of $1, $(6) and $(5)
$
2

 
$
(12
)
 
$
9


(1)
See “Reclassification adjustments” in Note 3. Reclassification amounts presented net of income tax expense (benefit) of $1 million, $0 million and $(3) million for 2016, 2015 and 2014, respectively.

Investment gains and losses reclassified from AOCI to net earnings (loss) primarily consist of realized gains (losses) on sales and OTTI of AFS securities and are included in Total investment gains (losses), net on the statements of earnings (loss). Amounts presented in the table above are net of tax.