Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Changes in Accumulated Other Comprehensive Income

The following table presents changes in accumulated other comprehensive income balances.

	2012			2011
	(in millions)
Three Months Ended September 30:
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	$	(444	)	$	(515	)
Other comprehensive income (loss) for period:
Net gains (losses) arising during period, net of tax of $15 million and $(34) million, respectively		30			(65	)
Reclassification adjustment for losses realized in net income, net of tax of $2 million and $5 million, respectively		4			9
Total other comprehensive income (loss) for period		34			(56	)
Balance at end of period		(410	)		(571	)
Unrealized gains (losses) on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	$	109		$	75
Other comprehensive income for period:
Net unrealized holding gains arising during period, net of tax of $11 million and $28 million, respectively		20			52
Reclassification adjustment for gains realized in net income, net of tax of $(3) million and $(4) million, respectively		(5	)		(9	)
Total other comprehensive income for period		15			43
Balance at end of period		124	(1)		118
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period	$	-		$	(5	)
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	)		-
Total other comprehensive income for period		-			-
Balance at end of period		-			(5	)
Pension and postretirement benefit plan liability:
Balance at beginning and end of period		(10	)		1
Foreign currency translation adjustments:
Balance at beginning of period		7			16
Other comprehensive income (loss) for period:
Translation gains (losses), net of tax of $1 million and $(5) million, respectively		4			(11	)
Total other comprehensive income (loss) for period		4			(11	)
Balance at end of period		11			5
Total accumulated other comprehensive loss at end of period	$	(285	)	$	(452	)

	2012			2011
	(in millions)
Nine Months Ended September 30:
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	$	(494	)	$	(575	)
Other comprehensive income for period:
Net gains (losses) arising during period, net of tax of $39 million and $(10) million, respectively		71			(27	)
Reclassification adjustment for losses realized in net income, net of tax of $7 million and $19 million, respectively		13			31
Total other comprehensive income for period		84			4
Balance at end of period		(410	)		(571	)
Unrealized gains (losses) on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	$	102		$	78
Reclassification of unrealized gains on other than temporary impaired debt securities, net of tax of $- million and $- million, respectively		1			-
Other comprehensive income for period:
Net unrealized holding gains arising during period, net of tax of $19 million and $32 million, respectively		35			58
Reclassification adjustment for gains realized in net income, net of tax of $(7) million and $(10) million, respectively		(14	)		(18	)
Total other comprehensive income for period		22			40
Balance at end of period		124	(1)		118
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period	$	-		$	(4	)
Reclassification of unrealized gains on other than temporary impaired debt securities, net of tax of $- million and $- million, respectively		(1	)		-
Other comprehensive 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			(1	)
Reclassification adjustment for (gains) losses realized in net income, net of tax of $- million and $- million, respectively		-			-
Total other comprehensive loss for period		-			(1	)
Balance at end of period		-			(5	)
Pension and postretirement benefit plan liability:
Balance at beginning of period		(11	)		-
Other comprehensive income for period:
Reclassification adjustment for (gains) losses realized in net income, net of tax of $1 million and $- million, respectively		1			1
Total other comprehensive income for period		1			1
Balance at end of period		(10	)		1
Foreign currency translation adjustments:
Balance at beginning of period		7			10
Other comprehensive income (loss) for period:
Translation gains (losses), net of tax of $1 million and $(3) million, respectively		4			(5	)
Total other comprehensive income (loss) for period		4			(5	)
Balance at end of period		11			5
Total accumulated other comprehensive loss at end of period	$	(285	)	$	(452	)

⁽¹⁾  Amounts relate primarily to securities available-for-sale of our Insurance business which is classified as discontinued operations.