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Financial Guaranty Contracts Accounted for as Credit Derivatives - Net Fair Value and Expected Losses of Credit Derivatives by Sector (Details) - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Credit Derivatives    
Net fair value of credit derivatives [2] $ (847) [1] $ (895)
Expected Loss to be (Paid) Recovered [3] (27) (58)
Pooled corporate obligations [Member]    
Credit Derivatives    
Net fair value of credit derivatives (231) (49)
Expected Loss to be (Paid) Recovered [3] (67) (23)
RMBS [Member] | United States [Member]    
Credit Derivatives    
Net fair value of credit derivatives (346) (494)
Expected Loss to be (Paid) Recovered [3] 19 (73)
CMBS [Member]    
Credit Derivatives    
Net fair value of credit derivatives (40) 0
Expected Loss to be (Paid) Recovered [3] (7) 0
Other [Member]    
Credit Derivatives    
Net fair value of credit derivatives (230) (352)
Expected Loss to be (Paid) Recovered [3] 28 38
Credit Risk Contract [Member]    
Credit Derivatives    
R&W Included in Credit Derivative Asset (Liability) $ 82 $ 86
[1] Includes the effects of spreads on both the underlying asset classes and the Company’s own credit spread.
[2] September 30, 2015 amount includes $174 million of net fair value loss of credit derivatives acquired from Radian Asset.
[3] Includes R&W benefit of $82 million as of September 30, 2015 and $86 million as of December 31, 2014.