Accumulated Other Comprehensive Income Loss

12 Months Ended

Dec. 31, 2011

Redeemable Preferred Stock and Accumulated Other Comprehensive Income Loss [Abstract]

Accumulated Other Comprehensive Income (Loss)

16.    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 balances.

Year Ended December 31,	2011			2010			2009
	(in millions)
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	$	(575	)	$	(632	)	$	(1,316	)
Other comprehensive income for period:
Net gains arising during period, net of tax of $29 million, $2 million and $329 million, respectively		45			3			585
Reclassification adjustment for losses realized in net income, net of tax of $23 million, $41 million and $56 million, respectively		36			54			99
Total other comprehensive income for period		81			57			684
Balance at end of period		(494	)		(575	)		(632	)
Unrealized gains (losses) on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	$	78		$	38		$	(54	)
Other comprehensive income for period:
Net unrealized holding gains arising during period, net of tax of $33 million, $25 million and $48 million, respectively		60			44			85
Reclassification adjustment for (gains) losses realized in net income, net of tax of $(20) million, $(3) million and $3 million, respectively		(36	)		(4	)		7
Total other comprehensive income for period		24			40			92
Balance at end of period		102			78			38
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period	$	(4	)	$	(7	)	$	-
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 $(6) million, respectively		(1	)		3			(10	)
Reclassification adjustment for (gains) losses realized in net income, net of tax of $4 million, $- million and $2 million, respectively		5			-			3
Total other comprehensive loss for period		4			3			(7	)
Balance at end of period		-			(4	)		(7	)
Pension and postretirement benefit plan liability:
Balance at beginning of period		-			8			4
Other comprehensive income for period:
Pension and postretirement benefit plan adjustments, net of tax of $(6) million, $(5) million, and $2 million, respectively		(11	)		(8	)		4
Total other comprehensive income for period		(11	)		(8	)		4
Balance at end of period		(11	)		-			8
Foreign currency translation adjustments:
Balance at beginning of period		10			10			(12	)
Other comprehensive loss for period:
Translation gains (losses), net of tax of $(1) million, $2 million and $8 million, respectively		(3	)		-			22
Total other comprehensive income for period		(3	)		-			22
Balance at end of period		7			10			10
Total accumulated other comprehensive loss at end of period	$	(396	)	$	(491	)	$	(583	)