Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Swap and Cap Agreement

Derivative financial instruments consist of the following:

		December 31, 2016				December 31, 2015
	Level	Notional		Fair Value		Notional		Fair Value
Derivatives designated as hedges
Assets
Fair value hedges
Interest rate swaps	2	$	—	$	—	$	—	$	—
Cash flow hedges
Interest rate swaps	2,3	3,542		12		—		—
Foreign currency swaps	2	—		—		—		—
Total assets(a)		$	3,542	$	12	$	—	$	—
Liabilities
Fair value hedges
Interest rate swaps	2	$	7,700	$	276	$	1,000	$	6
Cash flow hedges
Interest rate swaps	2,3	1,280		3		—		—
Foreign currency swaps	2	791		33		—		—
Total liabilities(b)		$	9,771	$	312	$	1,000	$	6
Derivatives not designated as hedges
Assets
Interest rate swaps	2,3	$	8,667	$	55	$	4,122	$	8
Interest rate caps and floors	2	10,469		26		6,327		19
Foreign currency swaps	2	1,576		78		1,460		48
Total assets(a)		$	20,712	$	159	$	11,909	$	75
Liabilities
Interest rate swaps	2,3	$	8,337	$	36	$	8,041	$	24
Interest rate caps and floors	2	12,146		26		5,892		19
Foreign currency swaps	2	119		2		—		—
Total liabilities(b)		$	20,602	$	64	$	13,933	$	43

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(a) Included in other assets in the consolidated balance sheets.

(b) Included in other liabilities in the consolidated balance sheets. Amounts accrued for interest payments in a net receivable position are included in other assets in the consolidated balance sheets.

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

The following table presents information on the gains (losses) on derivative instruments included in the consolidated statements of income and comprehensive income:

	Income (Losses) Recognized In Income
	Years Ended December 31,
	2016			2015			2014
Fair value hedges
Interest rate contracts(a)(b)	$	(7	)	$	1		$	—
Cash flow hedges
Interest rate contracts(a)	(4		)	—			—
Foreign currency contracts(c)	39			—			—
Derivatives not designated as hedges
Interest rate contracts(a)	14			(15		)	(51		)
Foreign currency derivatives(c)(d)	109			42			163
Total	$	151		$	28		$	112

	Gains (Losses) Recognized In Accumulated Other Comprehensive Loss
	Years Ended December 31,
	2016			2015		2014
Cash flow hedges
Interest rate contracts	$	4		$	—	$	—
Foreign currency contracts	(20		)	—		—
Total	$	(16	)	$	—	$	—

	Gains Reclassified From Accumulated Other Comprehensive Loss Into Income
	Years Ended December 31,
	2016		2015		2014
Cash flow hedges
Interest rate contracts	$	2	$	—	$	—
Foreign currency contracts	31		—		—
Total	$	33	$	—	$	—

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(a) Recognized in earnings as interest expense.

(b) Includes hedge ineffectiveness which reflects the net change in the fair value of interest rate contracts of $322 million offset by the change in fair value of hedged debt attributable to the hedged risk of $287 million.

(c) Recognized in earnings as other operating expenses and interest expense.

(d) Activity is offset by translation activity (included in other operating expenses) related to foreign currency-denominated loans.