Offsetting Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2014

The following tables present the gross and net information about the Company’s assets subject to master netting arrangements:



	June 30, 2014
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets		Amounts of Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets
							Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount
							Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount
	(in millions)
Derivatives:
OTC	$	3,090	$	—	$	3,090	$	(2,837	)	$	(121	)	$	(114	)	$	18
OTC cleared	106		—		106		(82		)	(24		)	—			—
Exchange-traded	67		—		67		—			—			—			67
Total derivatives	$	3,263	$	—	$	3,263	$	(2,919	)	$	(145	)	$	(114	)	$	85



	December 31, 2013
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets		Amounts of Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets
							Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount
							Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount
	(in millions)
Derivatives:
OTC	$	3,180	$	—	$	3,180	$	(3,134	)	$	(17	)	$	(16	)	$	13
OTC cleared	21		—		21		(20		)	(1		)	—			—
Exchange-traded	60		—		60		—			—			—			60
Total derivatives	$	3,261	$	—	$	3,261	$	(3,154	)	$	(18	)	$	(16	)	$	73


(1)	Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.

The following tables present the gross and net information about the Company’s liabilities subject to master netting arrangements:



	June 30, 2014
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Amounts of Liabilities Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets				Financial Instruments⁽¹⁾			Cash Collateral		Securities Collateral			Net Amount
	(in millions)
Derivatives:
OTC	$	4,015	$	—	$	4,015	$	(2,837	)	$	—	$	(1,178	)	$	—
OTC cleared	82		—		82		(82		)	—		—			—
Total derivatives	4,097		—		4,097		(2,919		)	—		(1,178		)	—
Repurchase agreements	50		—		50		—			—		(50		)	—
Total	$	4,147	$	—	$	4,147	$	(2,919	)	$	—	$	(1,228	)	$	—



	December 31, 2013
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Amounts of Liabilities Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets				Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount
	(in millions)
Derivatives:
OTC	$	4,610	$	—	$	4,610	$	(3,134	)	$	—		$	(1,465	)	$	11
OTC cleared	22		—		22		(20		)	(2		)	—			—
Total derivatives	4,632		—		4,632		(3,154		)	(2		)	(1,465		)	11
Repurchase agreements	50		—		50		—			—			(50		)	—
Total	$	4,682	$	—	$	4,682	$	(3,154	)	$	(2	)	$	(1,515	)	$	11


(1)	Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.