Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Swap and Cap Agreement

Derivative swap and cap agreements consist of the following (in millions):

	December 31, 2014				December 31, 2013
	Notional		Fair Value(a)		Notional		Fair Value(a)
Assets
Interest rate swaps	$	1,652	$	6	$	2,422	$	11
Interest rate caps	2,123		6		1,398		7
Foreign currency swaps	1,594		4		1,678		3
Total assets(b)	$	5,369	$	16	$	5,498	$	21
Liabilities
Interest rate swaps	$	5,627	$	39	$	4,266	$	17
Interest rate caps	1,804		6		1,206		7
Foreign currency swaps	1,044		1		2,133		29
Total liabilities(c)	$	8,475	$	46	$	7,605	$	53

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(a) See Note 10 - "Fair Values of Assets and Liabilities" for further discussion of fair value disclosure related to the derivatives.

(b) Included in other assets on the consolidated balance sheets.

(c) Included in other liabilities on the consolidated balance sheets.

Effect of Derivative Instruments on Consolidated Statements of Income and Comprehensive Income

The following tables present information on the effect of derivative instruments on the consolidated statements of income and comprehensive income (in millions):

	Income (Losses) Recognized In Income
	Years Ended December 31,
	2014			2013			2012
Non-designated hedges:
Interest rate contracts(a)	$	(51	)	$	(1	)	$	—
Foreign currency derivatives(b)	163			(118		)	—
	$	112		$	(119	)	$	—

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(a) Losses recognized in earnings are included in interest expense.

(b) Activity is substantially offset by translation activity (included in operating expenses) related to the foreign currency-denominated loans described above.