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Accumulated Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 30, 2013
Stockholders' Equity Note [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Income
The following table presents changes in accumulated other comprehensive income (loss) balances.
 
2013
 
2012
 
(in millions)
Three Months Ended September 30,
 
 
 
Unrealized gains (losses) on cash flow hedging instruments:
 
 
 
Balance at beginning of period
$
(152
)
 
$
(444
)
Other comprehensive income for period:
 
 
 
Net gains arising during period, net of tax of $17 million and $15 million, respectively
30

 
30

Reclassification adjustment for losses realized in net income, net of tax of $1 million and $2 million, respectively(3)
2

 
4

Total other comprehensive income for period
32

 
34

Balance at end of period
(120
)
 
(410
)
Unrealized gains (losses) on securities available-for-sale, not other-than temporarily impaired:
 
 
 
Balance at beginning of period

 
109

Other comprehensive income for period:
 
 
 
Net unrealized holding gains arising during period, net of tax of $- million and $11 million, respectively

 
20

Reclassification adjustment for gains realized in net income, net of tax of $- million and $(3) million, respectively(1)

 
(5
)
Total other comprehensive income for period

 
15

Balance at end of period

 
124

Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
 
 
 
Balance at beginning of period

 

Other comprehensive income for period:
 
 
 
Other-than-temporary impairment on debt securities available-for-sale recognized in other comprehensive income, net of tax of $- million and $- million, respectively

 
1

Reclassification adjustment for gains realized in net income, net of tax of $- million and $- million, respectively(1)

 
(1
)
Total other comprehensive income for period

 

Balance at end of period

 

Pension and postretirement benefit plan liability:
 
 
 
Balance at beginning of period
(25
)
 
(10
)
Other comprehensive income for period:
 
 
 
Total other comprehensive income for period

 

Balance at end of period
(25
)
 
(10
)
Foreign currency translation adjustments:
 
 
 
Balance at beginning of period

 
7

Other comprehensive income for period:
 
 
 
Translation gains, net of tax of $- million and $1 million, respectively

 
4

Reclassification adjustment for gains realized in net income, net of tax of $- million and $- million, respectively(3)

 

Total other comprehensive income for period

 
4

Balance at end of period

 
11

Total accumulated other comprehensive loss at end of period
$
(145
)
 
$
(285
)
 
 
 
 
 
2013
 
2012
 
(in millions)
Nine Months Ended September 30,
 
 
 
Unrealized gains (losses) on cash flow hedging instruments:
 
 
 
Balance at beginning of period
$
(358
)
 
$
(494
)
Other comprehensive income for period:
 
 
 
Net gains arising during period, net of tax of $56 million and $39 million, respectively
102

 
71

Reclassification adjustment for losses realized in net income, net of tax of $75 million and $7 million, respectively(3)
136

 
13

Total other comprehensive income for period
238

 
84

Balance at end of period
(120
)
 
(410
)
Unrealized gains (losses) on securities available-for-sale, not other-than temporarily impaired:
 
 
 
Balance at beginning of period
115

 
102

Reclassification of unrealized losses on other-than-temporary impaired debt securities, net of tax of $- million and $- million, respectively

 
1

Other comprehensive income (loss) for period:
 
 
 
Net unrealized holding gains arising during period, net of tax of $- million and $19 million, respectively

 
35

Reclassification adjustment for losses realized in net income, net of tax of $(62) million and $(7) million, respectively(1)
(115
)
 
(14
)
Total other comprehensive income (loss) for period
(115
)
 
21

Balance at end of period

 
124

Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
 
 
 
Balance at beginning of period
1

 

Reclassification of unrealized gains on other-than-temporary impaired debt securities, net of tax of $- million and $- million, respectively

 
(1
)
Other comprehensive income (loss) for period:
 
 
 
Other-than-temporary impairment on debt securities available-for-sale recognized in other comprehensive income, net of tax of $- million and $- million, respectively

 
1

Reclassification adjustment for gains realized in net income, net of tax of $(1) million and $- million, respectively(1)
(1
)
 

Total other comprehensive income (loss) for period
(1
)
 
1

Balance at end of period

 

Pension and postretirement benefit plan liability:
 
 
 
Balance at beginning of period
(26
)
 
(11
)
Other comprehensive income for period:
 
 
 
Change in unfunded pension and postretirement liability, net of tax of $- million and $- million, respectively

 

Reclassification adjustment for gains realized in net income, net of tax of $- million and $1 million, respectively(2)
1

 
1

Total other comprehensive income for period
1

 
1

Balance at end of period
(25
)
 
(10
)
 
 
 
 
 
2013
 
2012
 
(in millions)
Foreign currency translation adjustments:
 
 
 
Balance at beginning of period
11

 
7

Other comprehensive income (loss) for period:
 
 
 
Translation losses, net of tax of $(1) million and $1 million, respectively
(5
)
 
4

Reclassification adjustment for gains realized in net income, net of tax of $(9) million and $- million, respectively(3)
(6
)
 

Total other comprehensive income (loss) for period
(11
)
 
4

Balance at end of period

 
11

Total accumulated other comprehensive loss at end of period
$
(145
)
 
$
(285
)
 
(1) 
The amounts reclassified during the three and nine months ended September 30, 2013 are included in income (loss) from discontinued operations in our consolidated statement of income (loss).
(2) 
The amounts reclassified during the three and nine months ended September 30, 2013 are included as a component of salaries and employee benefits in our consolidated statement of income (loss).
(3) 
See the tables below for the components of the amounts reclassified during the three and nine months ended September 30, 2013 into income and location in our consolidated statement of income (loss)
Reclassification out of Accumulated Other Comprehensive Income
The following table provides additional information related to the amounts classified into the consolidated statement of income (loss) out of accumulated other comprehensive income during the three and nine months ended September 30, 2013.
Details about Accumulated Other Comprehensive Income Components
 
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(1)
 
Affected Line Item in the Statement of Income (Loss)
 
 
(in millions)
 
 
Three Months Ended September 30, 2013:
 
 
 
 
Unrealized gains (losses) on cash flow hedging instruments:
 
 
 
 
Interest rate and currency swaps
 
$
(3
)
 
Interest expense
Total before tax
 
(3
)
 
 
Tax expense (benefit)
 
(1
)
 
 
Net of tax
 
$
(2
)
 
 
 
 
 
 
 
Nine Months Ended September 30, 2013:
 
 
 
 
Unrealized gains (losses) on cash flow hedging instruments:
 
 
 
 
Interest rate and currency swaps
 
$
(12
)
 
Interest expense
Derivative loss recognized on termination of hedge relationship
 
(199
)
 
Derivative related income (expense)
Total before tax
 
(211
)
 
 
Tax expense (benefit)
 
(75
)
 
 
Net of tax
 
$
(136
)
 
 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
Sale of Insurance business
 
$
(24
)
 
Income (loss) on discontinued operations
Closure of foreign legal entity
 
9

 
Other income
Total before tax
 
(15
)
 
 
Tax expense (benefit)
 
(9
)
 
 
Net of tax
 
$
(6
)
 
 
 
(1)
Amounts in parenthesis indicate expenses recognized in the consolidated statement of income (loss).