Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Long-Term Debt

As of December 31,	2013		2012
(In millions)
Statutory business trusts:
Floating-rate subordinated notes due to State Street Capital Trust IV in 2037	$	800	$	800
Floating-rate subordinated notes due to State Street Capital Trust I in 2028	155		155
Parent company and non-banking subsidiary issuances:
2.875% notes due 2016	1,010		1,014
3.70% notes due in 2023(1)	974		—
3.10% subordinated notes due 2023(1)	918		—
Long-term capital leases	788		706
4.375% notes due 2021	727		780
4.956% junior subordinated debentures due 2018	537		550
4.30% notes due 2014	502		507
1.35% notes due 2018(1)	487		—
5.375% notes due 2017	450		450
Floating-rate notes due 2014	250		250
7.35% notes due 2026	150		150
State Street Bank issuances:
Floating-rate extendible notes due 2016	900		1,000
5.25% subordinated notes due 2018	442		453
5.30% subordinated notes due 2016	409		414
Floating-rate subordinated notes due 2015	200		200
Total long-term debt	$	9,699	$	7,429

⁽¹⁾ We have entered into interest-rate swap agreements, recorded as fair value hedges, to modify our interest expense on these senior and subordinated notes from a fixed rate to a floating rate. As of December 31, 2013, we recorded a decrease of $35 million in the carrying value of long-term debt associated with these fair value hedges. As of December 31, 2012, we recorded an increase of $174 million in the carrying value of long-term debt associated with fair value hedges. Refer to note 16 for additional information about fair value hedges.