Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2012

Text Block [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (“AOCI”) includes certain items that are reported directly within a separate component of shareholders’ equity. The following table presents changes in accumulated other comprehensive income (loss)balances.

Year Ended December 31,	2012			2011			2010
	(in millions)
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	$	(494	)	$	(575	)	$	(632	)
Other comprehensive income for period:
Net gains arising during period, net of tax of $65 million, $29 million and $2 million, respectively	118			45			3
Reclassification adjustment for losses realized in net income, net of tax of $10 million, $23 million and $41 million, respectively	18			36			54
Total other comprehensive income for period	136			81			57
Balance at end of period	(358		)	(494		)	(575		)

Year Ended December 31,	2012			2011			2010
	(in millions)
Unrealized gains (losses) on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	$	102		$	78		$	38
Reclassification of unrealized gains on other-than-temporary impaired debt securities, net of tax of $- million, $- million, and $- million, respectively	1			—			—
Other comprehensive income for period:
Net unrealized holding gains arising during period, net of tax of $16 million, $33 million and $25 million, respectively	28			60			44
Reclassification adjustment for (gains) losses realized in net income, net of tax of $(9) million, $(20) million and $(3) million, respectively	(16		)	(36		)	(4		)
Total other comprehensive income for period	12			24			40
Balance at end of period	115			102			78
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period	$	—		$	(4	)	$	(7	)
Reclassification of unrealized gains on other-than-temporary impaired debt securities, net of tax of $- million, $- million and $- million, respectively	(1		)	—			—
Other comprehensive income for period:
Other-than-temporary impairment on debt securities available-for-sale recognized in other comprehensive income, net of tax of $1 million, $(1) million and $1 million, respectively	2			(1		)	3
Reclassification adjustment for (gains) losses realized in net income, net of tax of $- million, $4 million and $- million, respectively	—			5			—
Total other comprehensive loss for period	2			4			3
Balance at end of period	1			—			(4		)
Pension and postretirement benefit plan liability:
Balance at beginning of period	(11		)	—			8
Other comprehensive income for period:
Change in unfunded pension and postretirement liability, net of tax of $(9) million, $(7) million, and $(5) million, respectively	(17		)	(12		)	(8		)
Reclassification adjustment for (gains) losses realized in net income, net of tax of $1 million, $1 million, and $- million, respectively	2			1			—
Total other comprehensive income for period	(15		)	(11		)	(8		)
Balance at end of period	(26		)	(11		)	—
Foreign currency translation adjustments:
Balance at beginning of period	7			10			10
Other comprehensive loss for period:
Translation gains (losses), net of tax of $1 million, $(1) million and $2 million, respectively	4			(3		)	—
Total other comprehensive income for period	4			(3		)	—
Balance at end of period	11			7			10
Total accumulated other comprehensive loss at end of period	$	(257	)	$	(396	)	$	(491	)