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Fair Value Option (Tables)
 9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis
The following table summarizes fixed rate debt issuances accounted for under FVO:
 
September 30, 2015
 
December 31, 2014
 
(in millions)
Fixed rate debt accounted for under FVO reported in:
 
 
 
Long-term debt
$
4,559

 
$
6,762

Due to affiliates
505

 
512

Total fixed rate debt accounted for under FVO
$
5,064

 
$
7,274

 
 
 
 
Unpaid principal balance of fixed rate debt accounted for under FVO(1)
$
4,860

 
$
6,888

 
 
 
 
Fixed rate long-term debt not accounted for under FVO
$
4,373

 
$
5,863

 
(1) 
Balance includes a foreign currency translation adjustment relating to our foreign denominated FVO debt which decreased the debt balance by $352 million at September 30, 2015 and decreased the debt balance by $146 million at December 31, 2014.
Components of Gain (Loss) on Debt Designated at Fair Value and Related Derivatives
The following table summarizes the components of the gain on debt designated at fair value and related derivatives for the three and nine months ended September 30, 2015 and 2014:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Mark-to-market on debt designated at fair value(1):
 
 
 
 
 
 
 
Interest rate component
$
33

 
$
57

 
$
146

 
$
121

Credit risk component
1

 
27

 
35

 
2

Total mark-to-market on debt designated at fair value
34

 
84

 
181

 
123

Mark-to-market on the related derivatives(1)(2)
(41
)
 
(78
)
 
(172
)
 
(180
)
Net realized gains on the related derivatives(1)
41

 
66

 
158

 
202

Gain on debt designated at fair value and related derivatives
$
34

 
$
72

 
$
167

 
$
145

 
(1) 
The derivatives associated with debt designated at fair value are economic hedges but do not qualify for hedge accounting. See Note 7, "Derivative Financial Instruments," for additional discussion of these non-qualifying hedges.
(2) 
Mark-to-market on debt designated at fair value and related derivatives excludes market value changes due to fluctuations in foreign currency exchange rates. Foreign currency translation gains (losses) recorded in derivative related expense associated with debt designated at fair value was a loss of $1 million and a gain of $240 million during the three months ended September 30, 2015 and 2014, respectively, and a gain of $206 million and a gain of $255 million for the nine months ended September 30, 2015 and 2014, respectively. Offsetting gains (losses) recorded in derivative related expense associated with the related derivatives was a gain of $1 million and a loss of $240 million during the three months ended September 30, 2015 and 2014, respectively, and a loss of $206 million and a loss of $255 million for the nine months ended September 30, 2015 and 2014, respectively.