Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Location of Derivative Fair Values in Consolidated Balance Sheet

The following table provides information related to the location of derivative fair values in the consolidated balance sheet for our fair value hedges.

	Asset Derivatives Fair Value as of					Liability Derivatives Fair Value as of
	Balance Sheet Location	March 31, 2013		December 31, 2012		Balance Sheet Location	March 31, 2013		December 31, 2012
		(in millions)					(in millions)
Interest rate swaps	Derivative financial assets	$	—	$	7	Derivative related liabilities	$	—	$	—
Currency swaps	Derivative financial assets	—		—		Derivative related liabilities	—		—
Total fair value hedges		$	—	$	7		$	—	$	—

Fair Value Hedging Information Including Gain Loss Recorded on Derivative

The following table presents fair value hedging information, including the gain (loss) recorded on the derivative and where that gain (loss) is recorded in the consolidated statement of income (loss) as well as the offsetting gain (loss) on the hedged item that is recognized in current earnings, the net of which represents hedge ineffectiveness.

		Location of Gain (Loss) Recognized in Income on Hedged Item and Derivative	Amount of Gain  (Loss) Recognized in Income on the Derivative					Amount of Gain  (Loss) Recognized in Income on Hedged Item
			Three Months Ended March 31,					Three Months Ended March 31,
	Hedged Item		2013		2012			2013		2012
			(in millions)
Interest rate swaps	Fixed rate borrowings	Derivative related income	$	—	$	(5	)	$	—	$	—
Currency swaps	Fixed rate borrowings	Derivative related income	—		(10		)	—		9
Total			$	—	$	(15	)	$	—	$	9

Derivative Fair Values in Consolidated Balance Sheet for Cash Flow Hedges

The following table provides information related to the location of derivative fair values in the consolidated balance sheet for our cash flow hedges.

	Asset Derivatives Fair Value as of							Liability Derivatives Fair Value as of
	Balance Sheet Location	March 31, 2013			December 31, 2012			Balance Sheet Location	March 31, 2013		December 31, 2012
		(in millions)							(in millions)
Interest rate swaps	Derivative financial assets	$	(207	)	$	(450	)	Derivative related liabilities	$	—	$	—
Currency swaps	Derivative financial assets	235			444			Derivative related liabilities	—		—
Total cash flow hedges		$	28		$	(6	)		$	—	$	—

Gain or Loss Recorded on Our Cash Flow Hedging Relationships

The following table provides the gain or loss recorded on our cash flow hedging relationships.

	Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)					Location of Gain (Loss) Reclassified from AOCI into	Gain (Loss) Reclassed From AOCI into Income (Effective Portion)						Location of Gain (Loss) Recognized in Income	Gain (Loss) Recognized In Income on Derivative (Ineffective Portion)
	Three Months Ended March 31,						Three Months Ended March 31,							Three Months Ended March 31,
	2013		2012			Income (Effective Portion)	2013			2012			on the Derivative(Ineffective Portion)	2013		2012
	(in millions)
Interest rate swaps	$	42	$	90		Interest expense	$	(1	)	$	(3	)	Derivative related income	$	2	$	1
Currency swaps	15		(11		)	Interest expense	(5		)	(6		)	Derivative related income	14		2
						Derivative loss recognized on termination of hedges	(199		)	—
Total	$	57	$	79			$	(205	)	$	(9	)		$	16	$	3

Derivative Fair Values in Consolidated Balance Sheet for Our Non Qualifying Hedges

The following table provides information related to the location and derivative fair values in the consolidated balance sheet for our non-qualifying hedges:

	Asset Derivatives Fair Value as of							Liability Derivatives Fair Value as of
	Balance Sheet Location	March 31, 2013			December 31, 2012			Balance Sheet Location	March 31, 2013		December 31, 2012
		(in millions)							(in millions)
Interest rate swaps	Derivative financial assets	$	(458	)	$	(1,084	)	Derivative related liabilities	$	1	$	4
Currency swaps and foreign exchange forward contracts	Derivative financial assets	(16		)	(7		)	Derivative related liabilities	—		—
Total		$	(474	)	$	(1,091	)		$	1	$	4

Gain or Loss Recorded on Our Non Qualifying Hedges

The following table provides detail of the realized and unrealized gain or loss recorded on our non-qualifying hedges:

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Derivative Related Income (Expense)
		Three Months Ended March 31,
		2013		2012
		(in millions)
Interest rate contracts	Derivative related income	$	83	$	212
Currency contracts	Derivative related income	—		(4		)
Total		$	83	$	208

Derivatives Related to Fair Value Option Debt Financial Position

The derivatives related to fair value option debt are included in the tables below. See Note 7, “Fair Value Option,” for further discussion.

	Asset Derivatives Fair Value as of					Liability Derivatives Fair Value as of
	Balance Sheet Location	March 31, 2013		December 31, 2012		Balance Sheet Location	March 31, 2013		December 31, 2012
		(in millions)					(in millions)
Interest rate swaps	Derivative financial assets	$	412	$	469	Derivative related liabilities	$	—	$	—
Currency swaps	Derivative financial assets	512		678		Derivative related liabilities	—		—
Total		$	924	$	1,147		$	—	$	—

Gain or Loss Recorded on Derivatives Related to Fair Value Option Debt Primarily Due to Changes in Interest Rates

The following table provides the gain or loss recorded on the derivatives related to fair value option debt primarily due to changes in interest rates:

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Derivative Related Income (Expense)
		Three Months Ended March 31,
		2013			2012
		(in millions)
Interest rate contracts	Gain (loss) on debt designated at fair value and related derivatives	$	(1	)	$	15
Currency contracts	Gain (loss) on debt designated at fair value and related derivatives	(28		)	(11		)
Total		$	(29	)	$	4

Notional Values of Derivative Contracts

Notional Value of Derivative Contracts The following table summarizes the notional values of derivative contracts:

	March 31, 2013		December 31, 2012
	(in millions)
Derivatives designated as hedging instruments:
Interest rate swaps	$	3,645	$	4,949
Currency swaps	6,063		6,063
	9,708		11,012
Non-qualifying hedges:
Derivatives not designated as hedging instruments:
Interest rate swaps	3,784		6,219
Currency swaps	122		122
	3,906		6,341
Derivatives associated with debt carried at fair value:
Interest rate swaps	5,573		5,573
Currency swaps	3,134		3,134
	8,707		8,707
Total	$	22,321	$	26,060