Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2012

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

10.    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.

	2012			2011
	(in millions)
Three Months Ended June 30:
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	$	(439	)	$	(510	)
Other comprehensive income for period:
Net losses arising during period, net of tax of $(5) million and $(7) million, respectively		(9	)		(15	)
Reclassification adjustment for losses realized in net income, net of tax of $2 million and $7 million, respectively		4			10
Total other comprehensive income for period		(5	)		(5	)
Balance at end of period		(444	)		(515	)
Unrealized gains (losses) on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	$	93		$	67
Reclassification of unrealized (gains) losses on other than temporary impaired debt securities, net of tax of $- million and $- million, respectively		1			-
Other comprehensive income for period:
Net unrealized holding gains arising during period, net of tax of $13 million and $9 million, respectively		23			16
Reclassification adjustment for (gains) losses realized in net income, net of tax of $(4) million and $(5) million, respectively		(8	)		(8	)
Total other comprehensive income for period		16			8
Balance at end of period		109			75
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period	$	-		$	(4	)
Reclassification of unrealized gains (losses) on other than temporary impaired debt securities, net of tax of $- million and $- million, respectively		(1	)		-
Other comprehensive income for period:
Other-than-temporary impairment on debt securities available-for-sale recognized in other comprehensive income, net of tax of $- million and $- million, respectively		-			(1	)
Reclassification adjustment for (gains) losses realized in net income, net of tax of $- million and $- million, respectively		1			-
Total other comprehensive loss for period		-			(1	)
Balance at end of period		-			(5	)
Pension and postretirement benefit plan liability:
Balance at beginning of period		(11	)		-
Other comprehensive income for period:
Change in unfunded pension and postretirement liability, net of tax of $- million and $- million, respectively		-			-
Reclassification adjustment for (gains) losses realized in net income, net of tax of $- million and $- million, respectively		1			1
Total other comprehensive income for period		1			1
Balance at end of period		(10	)		1
Foreign currency translation adjustments:
Balance at beginning of period		12			15
Other comprehensive loss for period:
Translation gains (losses), net of tax of $(1) million and $1 million, respectively		(5	)		1
Reclassification adjustment for translation (gains) losses realized in net income, net of tax of $- million and $- million, respectively		-			-
Total other comprehensive income for period		(5	)		1
Balance at end of period		7			16
Total accumulated other comprehensive loss at end of period	$	(338	)	$	(428	)

	2012			2011
	(in millions)
Six Months Ended June 30:
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	$	(494	)	$	(575	)
Other comprehensive income for period:
Net gains arising during period, net of tax of $24 million and $24 million, respectively		41			38
Reclassification adjustment for losses realized in net income, net of tax of $5 million and $14 million, respectively		9			22
Total other comprehensive income for period		50			60
Balance at end of period		(444	)		(515	)
Unrealized gains (losses) on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	$	102		$	78
Reclassification of unrealized (gains) losses on other than temporary impaired debt securities, net of tax of $- million and $- million, respectively		1			-
Other comprehensive income for period:
Net unrealized holding gains arising during period, net of tax of $8 million and $4 million, respectively		15			7
Reclassification adjustment for (gains) losses realized in net income, net of tax of $(4) million and $(6) million, respectively		(9	)		(10	)
Total other comprehensive income for period		7			(3	)
Balance at end of period		109			75
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period	$	-		$	(4	)
Reclassification of unrealized (gains) losses on other than temporary impaired debt securities, net of tax of $- million and $- million, respectively		(1	)		-
Other comprehensive income for period:
Other-than-temporary impairment on debt securities available-for-sale recognized in other comprehensive income, net of tax of $- million and $- million, respectively		-			(1	)
Reclassification adjustment for (gains) losses realized in net income, net of tax of $- million and $- million, respectively		1			-
Total other comprehensive loss for period		-			(1	)
Balance at end of period		-			(5	)
Pension and postretirement benefit plan liability:
Balance at beginning of period		(11	)		-
Other comprehensive income for period:
Change in unfunded pension and postretirement liability, net of tax of $- million and $- million, respectively		-			-
Reclassification adjustment for (gains) losses realized in net income, net of tax of $- million and $- million, respectively		1			1
Total other comprehensive income for period		1			1
Balance at end of period		(10	)		1
Foreign currency translation adjustments:
Balance at beginning of period		7			10
Other comprehensive loss for period:
Translation gains (losses), net of tax of $- million and $2 million, respectively		-			6
Reclassification adjustment for translation (gains) losses realized in net income, net of tax of $- million and $- million, respectively		-			-
Total other comprehensive income for period		-			6
Balance at end of period		7			16
Total accumulated other comprehensive loss at end of period	$	(338	)	$	(428	)