STATUTORY REPORTING PRACTICES AND OTHER REGULATORY MATTERS (Tables)

12 Months Ended

Dec. 31, 2013

STATUTORY REPORTING PRACTICES AND OTHER REGULATORY MATTERS

Schedule of favorable (unfavorable) effects of the Company's statutory surplus, compared to NAIC statutory surplus

	As of December 31,
	2013			2012
	(Dollars In Millions)
Non-admission of goodwill	$	(311	)	$	—
Report BOLI Separate Accounts at Book Value	—			(1		)
Reserving difference related to a captive insurance company	—			(49		)
Total (net)	$	(311	)	$	(50	)

Schedule of favorable (unfavorable) effects on the statutory surplus of the Company's insurance subsidiaries, compared to NAIC statutory surplus

	As of December 31,
	2013		2012
	(Dollars In Millions)
Accounting for Letters of Credit as admitted assets	$	1,415	$	1,205
Accounting for Red Mountain Note as admitted asset	$	365	$	300
Reserving based on state specific actuarial practices	$	105	$	95