Pension and Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Assumptions Used

The assumptions used in determining the benefit obligation of our postretirement benefit plans are as follows:

	2013		2012		2011
Discount rate	4.35	%	3.35	%	4.25	%
Salary increase assumption	2.75		2.75		2.75

Schedule of Expected Benefit Payments

Estimated future benefit payments for our postretirement benefit plans for both continuing and discontinued operations are as follows:

	(in millions)
2014	$	15
2015	14
2016	14
2017	14
2018	13
2019-2023	65

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

Assumed health care cost trend rates have an effect on the amounts reported for health care plans. A one-percentage point change in assumed health care cost trend rates would increase (decrease) service and interest costs and the postretirement benefit obligation as follows:

	One Percent Point Increase		One Percent Point Decrease
	(in millions)
Effect on total of service and interest cost components	$	—	$	—
Effect on postretirement benefit obligation	5.0		(4.0		)

Other Postretirement Benefit Plan, Defined Benefit [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Components of Pension Expense for Defined Benefit Pension Plan

The net postretirement benefit cost for continuing operations included the following:

Year Ended December 31,	2013		2012		2011
	(in millions)
Service cost – benefits earned during the period	$	—	$	—	$	—
Interest cost	7		6		5
Net periodic postretirement benefit cost	$	7	$	6	$	5

Schedule of Assumptions Used

The assumptions used in determining the net periodic postretirement benefit cost for our postretirement benefit plans are as follows:

	2013		2012		2011
Discount rate	3.35	%	4.25	%	4.95	%
Salary increase assumption	2.75		2.75		2.75

Schedule of Accumulated and Projected Benefit Obligations

A reconciliation of the beginning and ending balances of the accumulated postretirement benefit obligation for both continuing and discontinued operations is as follows:

	2013			2012
	(in millions)
Accumulated benefit obligation at beginning of year	$	197		$	195
Service cost	1			1
Interest cost	6			7
Actuarial (gains) losses	(16		)	26
Benefits paid, net	(14		)	(21		)
Plan curtailment	—			(11		)
Accumulated benefit obligation at end of year	$	174		$	197

Pension Plan, Defined Benefit [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Components of Pension Expense for Defined Benefit Pension Plan

The table below reflects the portion of pension expense and its related components of the HSBC North America Pension Plan which has been allocated to us and is recorded in our consolidated statement of income (loss).

Year Ended December 31,	2013			2012			2011
	(in millions)
Service cost – benefits earned during the period	$	5		$	4		$	5
Interest cost on projected benefit obligation	50			47			33
Expected return on assets	(61		)	(65		)	(39		)
Recognized losses	35			33			18
Curtailment gain	—			(4		)	(1		)
Amortization of prior service costs	—			(1		)	—
Pension expense	$	29		$	14		$	16

Schedule of Assumptions Used

The assumptions used in determining pension expense of the HSBC North America Pension Plan are as follows:

	2013		2012		2011
Discount rate	3.95	%	4.60	%	5.30	%
Salary increase assumption	*		2.75		2.75
Expected long-term rate of return on Plan assets	6.00		7.00		7.25