NONCONTROLLING INTERESTS

3 Months Ended

Mar. 31, 2013

NONCONTROLLING INTERESTS

NONCONTROLLING INTERESTS

12. NONCONTROLLING INTERESTS

The following table presents a rollforward of non-controlling interests:

	Redeemable Noncontrolling interests
(in millions)	Held by Department of Treasury			Other			Total			Non-redeemable Noncontrolling interests
Three Months Ended March 31, 2013
Balance, beginning of year	$	–		$	334		$	334		$	667
Contributions from noncontrolling interests		–			22			22			8
Distributions from noncontrolling interests		–			(17	)		(17	)		(19	)
Consolidation		–			32			32			–
Comprehensive income:
Net income		–			15			15			10
Other comprehensive income (loss), net of tax:
Unrealized losses on investments		–			(1	)		(1	)		–
Foreign currency translation adjustments		–			2			2			(1	)
Total other comprehensive income (loss), net of tax		–			1			1			(1	)
Total comprehensive income		–			16			16			9
Other		–			1			1			(2	)
Balance, end of period	$	–		$	388		$	388		$	663
Three Months Ended March 31, 2012
Balance, beginning of year	$	8,427		$	96		$	8,523		$	855
Repayment to Department of the Treasury		(8,635	)		–			(8,635	)		–
Contributions from noncontrolling interests		–			18			18			42
Distributions from noncontrolling interests		–			–			–			(14	)
Consolidation (deconsolidation)		–			(5	)		(5	)		–
Comprehensive income:
Net income		208			10			218			23
Other comprehensive income, net of tax:
Unrealized gains on investments		–			2			2			2
Foreign currency translation adjustments		–			–			–			1
Total other comprehensive income, net of tax		–			2			2			3
Total comprehensive income		208			12			220			26
Other		–			–			–			(16	)
Balance, end of period	$	–		$	121		$	121		$	893