Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [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,	2013			2012			2011
	(in millions)
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	$	(358	)	$	(494	)	$	(575	)
Other comprehensive income for period:
Net gains arising during period, net of tax of $67 million, $65 million and $29 million, respectively	123			118			45
Reclassification adjustment for losses realized in net income, net of tax of $76 million, $10 million and $23 million, respectively(3)	138			18			36
Total other comprehensive income for period	261			136			81
Balance at end of period	(97		)	(358		)	(494		)

Year Ended December 31,	2013			2012			2011
	(in millions)
Unrealized gains (losses) on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	115			102			78
Reclassification of unrealized losses on other-than-temporary impaired debt securities, net of tax of $- million, $- million and $- million, respectively	—			1			—
Other comprehensive income (loss) for period:
Net unrealized holding gains arising during period, net of tax of $- million, $16 million and $33 million, respectively	—			28			60
Reclassification adjustment for losses realized in net income, net of tax of $(62)million, $(9) million and $(20) million, respectively(1)	(115		)	(16		)	(36		)
Total other comprehensive income (loss) for period	(115		)	12			24
Balance at end of period	—			115			102
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period	1			—			(4		)
Reclassification of unrealized gains on other-than-temporary impaired debt securities, net of tax of $- million, $- million and $- million, respectively	—			(1		)	—
Other comprehensive income (loss) for period:
Other-than-temporary impairment on debt securities available-for-sale recognized in other comprehensive income, net of tax of $- million, $1 million and $(1) million, respectively	—			2			(1		)
Reclassification adjustment for gains realized in net income, net of tax of $(1) million, $- million and $4 million, respectively(1)	(1		)	—			5
Total other comprehensive income (loss) for period	(1		)	2			4
Balance at end of period	—			1			—
Pension and postretirement benefit plan liability:
Balance at beginning of period	(26		)	(11		)	—
Other comprehensive income for period:
Change in unfunded pension and postretirement liability, net of tax of $7 million, $(9) million and $(7) million, respectively	14			(17		)	(12		)
Reclassification adjustment for losses realized in net income, net of tax of $1 million, $1 million and $1 million, respectively(2)	1			2			1
Total other comprehensive income for period	15			(15		)	(11		)
Balance at end of period	(11		)	(26		)	(11		)
Foreign currency translation adjustments:
Balance at beginning of period	11			7			10
Other comprehensive income (loss) for period:
Translation losses, net of tax of $(1) million, $1 million and $(1) million, respectively	(5		)	4			(3		)
Reclassification adjustment for gains realized in net income, net of tax of $(9) million, $- million and $- million, respectively(3)	(6		)	—			—
Total other comprehensive income (loss) for period	(11		)	4			(3		)
Balance at end of period	—			11			7
Total accumulated other comprehensive loss at end of period	$	(108	)	$	(257	)	$	(396	)

⁽¹⁾  The amounts reclassified during 2013 are included in income (loss) from discontinued operations in our consolidated statement of income (loss).

⁽²⁾  The amounts reclassified during 2013 are included as a component of salaries and employee benefits in our consolidated statement of income (loss).

⁽³⁾  See the tables below for the components of the amounts reclassified during 2013 into income and location in our consolidated statement of income (loss).

The following table provides additional information related to the amounts classified into the consolidated statement of income (loss) out of accumulated other comprehensive income during 2013.

Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(1)			Affected Line Item in the Statement of Income (Loss)
	(in millions)
Year Ended December 31, 2013:
Unrealized gains (losses) on cash flow hedging instruments:
Interest rate and currency swaps	$	(15	)	Interest expense
Derivative loss recognized on termination of hedge relationship	(199		)	Derivative related income (expense)
Total before tax	(214		)
Tax expense (benefit)	(76		)
Net of tax	$	(138	)
Foreign currency translation adjustments:
Sale of Insurance business	$	(24	)	Income (loss) on discontinued operations
Closure of foreign legal entity	9			Other income
Total before tax	(15		)
Tax expense (benefit)	(9		)
Net of tax	$	(6	)

⁽¹⁾  Amounts in parenthesis indicate expenses recognized in the consolidated statement of income (loss).