XML 47 R40.htm IDEA: XBRL DOCUMENT v3.2.0.727
FAIR VALUE MEASUREMENTS (Details - Changes in Level 3 Recurring Fair Value Measurements) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period $ 45,159 $ 48,316 $ 44,263 $ 46,547
Net Realized and Unrealized Gains (Losses) Included in Income 815 681 1,690 1,421
Other Comprehensive Income (Loss) (548) 359 (1,030) 795
Purchases, Sales, Issues and Settlements, Net (1,509) 209 (1,343) 1,187
Gross Transfers in, assets 518 1,011 1,217 1,810
Gross Transfers out, assets (154) (642) (516) (1,826)
Balance End of Period 44,281 49,934 44,281 49,934
Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 125 143 59 335
Policyholder contract deposits        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (1,835) (765) (1,509) (312)
Net Realized and Unrealized Gains (Losses) Included in Income 736 (58) 461 (532)
Other Comprehensive Income (Loss) 0 (16) 0 (24)
Purchases, Sales, Issues and Settlements-Net (133) (3) (184) 26
Gross Transfers in, liabilities 0 0 0 0
Gross Transfers out, liabilities 0 0 0 0
Balance at the End of the Period (1,232) (842) (1,232) (842)
Policyholder contract deposits | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities 110 (37) 40 (120)
Interest rate contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (69) (98) (74) (100)
Net Realized and Unrealized Gains (Losses) Included in Income 4 8 0 2
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements-Net 3 23 12 32
Gross Transfers in, liabilities 0 0 0 0
Gross Transfers out, liabilities 0 0 0 (1)
Balance at the End of the Period (62) (67) (62) (67)
Interest rate contracts | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities 3 8 (1) 4
Foreign exchange contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (8) 0 (8) 0
Net Realized and Unrealized Gains (Losses) Included in Income 2 3 3 3
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements-Net (1) (12) (2) (12)
Gross Transfers in, liabilities 0 0 0 0
Gross Transfers out, liabilities 0 0 0 0
Balance at the End of the Period (7) (9) (7) (9)
Foreign exchange contracts | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities 1 3 3 4
Equity contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period 66 88 47 49
Net Realized and Unrealized Gains (Losses) Included in Income (2) 11 6 8
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements-Net (1) (8) 10 (14)
Gross Transfers in, liabilities 0 0 0 48
Gross Transfers out, liabilities 0 0 0 0
Balance at the End of the Period 63 91 63 91
Equity contracts | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities (3) 11 2 5
Commodity contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period 0 1 0 1
Net Realized and Unrealized Gains (Losses) Included in Income 0 0 0 0
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements-Net 0 0 0 0
Gross Transfers in, liabilities 0 0 0 0
Gross Transfers out, liabilities 0 0 0 0
Balance at the End of the Period 0 1 0 1
Commodity contracts | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Purchases, Sales, Issues and Settlements-Net   0    
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities 0 0 0 0
Credit contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (791) (1,185) (978) (1,280)
Net Realized and Unrealized Gains (Losses) Included in Income 13 75 160 154
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements-Net 227 25 267 41
Gross Transfers in, liabilities 0 0 0 0
Gross Transfers out, liabilities 0 0 0 0
Balance at the End of the Period (551) (1,085) (551) (1,085)
Credit contracts | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities 22 69 50 164
Other contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (59) (109) (59) (109)
Net Realized and Unrealized Gains (Losses) Included in Income 59 18 73 35
Other Comprehensive Income (Loss) (2) 48 0 47
Purchases, Sales, Issues and Settlements-Net (14) (10) (30) (26)
Gross Transfers in, liabilities 0 0 0 0
Gross Transfers out, liabilities 0 0 0 0
Balance at the End of the Period (16) (53) (16) (53)
Other contracts | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities 33 16 48 27
Derivative liabilities, net        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (861) (1,303) (1,072) (1,439)
Net Realized and Unrealized Gains (Losses) Included in Income 76 115 242 202
Other Comprehensive Income (Loss) (2) 48 0 47
Purchases, Sales, Issues and Settlements-Net 214 18 257 21
Gross Transfers in, liabilities 0 0 0 48
Gross Transfers out, liabilities 0 0 0 (1)
Balance at the End of the Period (573) (1,122) (573) (1,122)
Derivative liabilities, net | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities 56 107 102 204
Long-term debt        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (186) (403) (213) (370)
Net Realized and Unrealized Gains (Losses) Included in Income (13) (5) 2 (8)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements-Net 6 14 18 33
Gross Transfers in, liabilities 0 0 0 (70)
Gross Transfers out, liabilities 0   0 21
Balance at the End of the Period (193) (394) (193) (394)
Long-term debt | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Gross Transfers out, liabilities   0    
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities (6) (4) 13 5
Liabilities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (2,882) (2,471) (2,794) (2,121)
Net Realized and Unrealized Gains (Losses) Included in Income 799 52 705 (338)
Other Comprehensive Income (Loss) (2) 32 0 23
Purchases, Sales, Issues and Settlements-Net 87 29 91 80
Gross Transfers in, liabilities 0 0 0 (22)
Gross Transfers out, liabilities 0 0 0 20
Balance at the End of the Period (1,998) (2,358) (1,998) (2,358)
Liabilities | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities 160 66 155 89
Bonds available for sale        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 30,609 31,989 29,683 30,001
Net Realized and Unrealized Gains (Losses) Included in Income 414 295 730 576
Other Comprehensive Income (Loss) (510) 364 (481) 746
Purchases, Sales, Issues and Settlements, Net (688) 726 106 2,093
Gross Transfers in, assets 412 1,002 456 1,716
Gross Transfers out, assets (61) (488) (318) (1,244)
Balance End of Period 30,176 33,888 30,176 33,888
Bonds available for sale | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Obligations of states, municipalities and political subdivisions        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 2,256 2,042 2,159 1,080
Net Realized and Unrealized Gains (Losses) Included in Income 0 0 1 0
Other Comprehensive Income (Loss) (124) 74 (79) 191
Purchases, Sales, Issues and Settlements, Net 93 7 158 853
Gross Transfers in, assets 0 0 0 0
Gross Transfers out, assets (45) (132) (59) (133)
Balance End of Period 2,180 1,991 2,180 1,991
Bonds available for sale | Obligations of states, municipalities and political subdivisions | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Non-U.S. government        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 34 17 30 16
Net Realized and Unrealized Gains (Losses) Included in Income 0 0 0 0
Other Comprehensive Income (Loss) (1) 0 (1) (1)
Purchases, Sales, Issues and Settlements, Net 0 4 4 6
Gross Transfers in, assets 0 4 0 4
Gross Transfers out, assets 0 0 0 0
Balance End of Period 33 25 33 25
Bonds available for sale | Non-U.S. government | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Corporate debt        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 1,827 1,815 1,883 1,255
Net Realized and Unrealized Gains (Losses) Included in Income 14 9 14 6
Other Comprehensive Income (Loss) (50) 33 (33) 53
Purchases, Sales, Issues and Settlements, Net (85) (71) (146) (67)
Gross Transfers in, assets 412 707 456 1,355
Gross Transfers out, assets 0 (297) (56) (406)
Balance End of Period 2,118 2,196 2,118 2,196
Bonds available for sale | Corporate debt | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Residential mortgage backed securities (RMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 17,345 15,764 16,805 14,941
Net Realized and Unrealized Gains (Losses) Included in Income 281 251 539 495
Other Comprehensive Income (Loss) (99) 127 (171) 260
Purchases, Sales, Issues and Settlements, Net (430) 67 (76) 624
Gross Transfers in, assets 0 119 0 119
Gross Transfers out, assets 0 0 0 (111)
Balance End of Period 17,097 16,328 17,097 16,328
Bonds available for sale | Residential mortgage backed securities (RMBS) | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Commercial mortgage-backed securities (CMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 2,694 5,741 2,696 5,735
Net Realized and Unrealized Gains (Losses) Included in Income 22 17 46 23
Other Comprehensive Income (Loss) (40) 129 (30) 240
Purchases, Sales, Issues and Settlements, Net 17 (7) 47 (57)
Gross Transfers in, assets 0 69 0 69
Gross Transfers out, assets (16) (32) (82) (93)
Balance End of Period 2,677 5,917 2,677 5,917
Bonds available for sale | Commercial mortgage-backed securities (CMBS) | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 6,453 6,610 6,110 6,974
Net Realized and Unrealized Gains (Losses) Included in Income 97 18 130 52
Other Comprehensive Income (Loss) (196) 1 (167) 3
Purchases, Sales, Issues and Settlements, Net (283) 726 119 734
Gross Transfers in, assets 0 103 0 169
Gross Transfers out, assets 0 (27) (121) (501)
Balance End of Period 6,071 7,431 6,071 7,431
Bonds available for sale | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Other Bond securities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 9,423 10,337 8,923 10,615
Net Realized and Unrealized Gains (Losses) Included in Income 318 378 431 758
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements, Net (726) (508) (860) (946)
Gross Transfers in, assets 15 9 641 9
Gross Transfers out, assets (28) 0 (133) (220)
Balance End of Period 9,002 10,216 9,002 10,216
Other Bond securities | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 125 143 59 335
Other Bond securities | Residential mortgage backed securities (RMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 1,288 1,069 1,105 937
Net Realized and Unrealized Gains (Losses) Included in Income 45 23 26 51
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements, Net 16 (32) 220 72
Gross Transfers in, assets 15 2 44 2
Gross Transfers out, assets (27) 0 (58) 0
Balance End of Period 1,337 1,062 1,337 1,062
Other Bond securities | Residential mortgage backed securities (RMBS) | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 31 2 1 17
Other Bond securities | Commercial mortgage-backed securities (CMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 269 770 369 844
Net Realized and Unrealized Gains (Losses) Included in Income 8 21 8 38
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements, Net (54) (40) (154) (131)
Gross Transfers in, assets 0 6 0 6
Gross Transfers out, assets 0 0 0 0
Balance End of Period 223 757 223 757
Other Bond securities | Commercial mortgage-backed securities (CMBS) | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 1 19 8 32
Other Bond securities | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 7,850 8,498 7,449 8,834
Net Realized and Unrealized Gains (Losses) Included in Income 265 334 397 669
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements, Net (688) (436) (926) (887)
Gross Transfers in, assets 0 1 581 1
Gross Transfers out, assets (1) 0 (75) (220)
Balance End of Period 7,426 8,397 7,426 8,397
Other Bond securities | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 93 122 51 286
Equity securities available for sale        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 1 0 1 1
Net Realized and Unrealized Gains (Losses) Included in Income 2 0 2 0
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements, Net (3) 0 (3) 0
Gross Transfers in, assets 0 0 0 0
Gross Transfers out, assets 0 0 0 1
Balance End of Period 0 0 0 0
Equity securities available for sale | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Equity securities available for sale | Common Stock        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 1 0 1 1
Net Realized and Unrealized Gains (Losses) Included in Income 2 0 2 0
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements, Net (3) 0 (3) 0
Gross Transfers in, assets 0 0 0 0
Gross Transfers out, assets 0 0 0 1
Balance End of Period 0 0 0 0
Equity securities available for sale | Common Stock | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Equity securities available for sale | Preferred Stock        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 0 0 0 0
Net Realized and Unrealized Gains (Losses) Included in Income 0 0 0 0
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issues and Settlements, Net 0 0 0 0
Gross Transfers in, assets 0 0 0 0
Gross Transfers out, assets 0 0 0 0
Balance End of Period 0 0 0 0
Equity securities available for sale | Preferred Stock | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Equity securities available for sale | Mutual Funds        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 0      
Gross Transfers in, assets 0      
Balance End of Period 0   0  
Equity securities available for sale | Mutual Funds | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0      
Other invested assets        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 5,098 5,990 5,650 5,930
Net Realized and Unrealized Gains (Losses) Included in Income 81 8 527 87
Other Comprehensive Income (Loss) (38) (5) (549) 49
Purchases, Sales, Issues and Settlements, Net (92) (15) (586) 34
Gross Transfers in, assets 91 0 98 85
Gross Transfers out, assets (65) (154) (65) (361)
Balance End of Period 5,075 5,824 5,075 5,824
Other invested assets | Trading Revenue        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0   0  
Mortgage and other loans receivable        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 6   6  
Purchases, Sales, Issues and Settlements, Net 0 6 0 6
Balance End of Period 6 $ 6 6 $ 6
Equity securities trading        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 22   0  
Gross Transfers in, assets     22  
Balance End of Period $ 22   $ 22