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Fair Value Option (Tables)
 12 Months Ended
Dec. 31, 2012
Fair Value Option [Abstract]  
Components of Gain on Instruments at Fair Value and Related Derivatives
The components of gain (loss) on instruments designated at fair value and related derivatives related to the changes in fair value of the financial instrument accounted for under FVO are as follows:
 
Loans
 
Long-Term
Debt
 
Hybrid
Instruments
 
Total
 
(in millions)
Year Ended December 31, 2012
 
 
 
 
 
 
 
Interest rate and other components(1)
$
3

 
$
13

 
$
(791
)
 
$
(775
)
Credit risk component
49

 
(361
)
 
(75
)
 
(387
)
Total mark-to-market on financial instruments designated at fair value
52

 
(348
)
 
(866
)
 
(1,162
)
Net realized loss on financial instruments
(1
)
 
—

 
—

 
(1
)
Mark-to-market on the related derivatives
—

 
(38
)
 
796

 
758

Net realized gain on the related long-term debt derivatives
—

 
63

 
—

 
63

Gain (loss) on instruments designated at fair value and related derivatives
$
51

 
$
(323
)
 
$
(70
)
 
$
(342
)
 
 
 
 
 
 
 
 
Year Ended December 31, 2011
 
 
 
 
 
 
 
Interest rate and other components(1)
$
(5
)
 
$
(345
)
 
$
(391
)
 
$
(741
)
Credit risk component
(14
)
 
376

 
113

 
475

Total mark-to-market on financial instruments designated at fair value
(19
)
 
31

 
(278
)
 
(266
)
Net realized loss on financial instruments
(1
)
 
—

 
—

 
(1
)
Mark-to-market on the related derivatives
—

 
369

 
305

 
674

Net realized gain on the related long-term debt derivatives
—

 
64

 
—

 
64

Gain (loss) on instruments designated at fair value and related derivatives
$
(20
)
 
$
464

 
$
27

 
$
471

 
 
 
 
 
 
 
 
Year Ended December 31, 2010
 
 
 
 
 
 
 
Interest rate and other components(1)
$
2

 
$
(99
)
 
$
(556
)
 
$
(653
)
Credit risk component
42

 
62

 
41

 
145

Total mark-to-market on financial instruments designated at fair value
44

 
(37
)
 
(515
)
 
(508
)
Net realized loss on financial instruments
—

 
—

 
—

 
—

Mark-to-market on the related derivatives
(3
)
 
199

 
529

 
725

Net realized gain on the related long-term debt derivatives
—

 
77

 
—

 
77

Gain (loss) on instruments designated at fair value and related derivatives
$
41

 
$
239

 
$
14

 
$
294

 
(1) 
As it relates to hybrid instruments, interest rate and other components includes interest rate, foreign exchange and equity contract risks.