Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Derivative Financial Instruments [Abstract]

Location of derivative fair values in the consolidated balance sheet

	Asset Derivatives Fair Value					Liability Derivatives Fair Value
	Balance Sheet Location	June 30, 2012		December 31, 2011		Balance Sheet Location	June 30, 2012			December 31, 2011
		(in millions)					(in millions)
Interest rate swaps	Derivative financial assets	$	-	$	11	Derivative related liabilities	$	(7	)	$	7
Currency swaps	Derivative financial assets		-		53	Derivative related liabilities		-			-
Total		$	-	$	64		$	(7	)	$	7

Fair value hedging information, including the gain (loss) recorded on the derivative

	Hedged Item	Location of Gain (Loss) Recognized in Income on Hedged Item and Derivative	Amount of Gain (Loss) Recognized in Income on the Derivative						Amount of Gain (Loss) Recognized in Income on Hedged Items						Amount of Gain (Loss) Recognized in Income on the Derivative						Amount of Gain (Loss) Recognized in Income on Hedged Items
			Three Months Ended June 30,												Six Months Ended June 30,
			2012			2011			2012			2011			2012			2011			2012			2011
			(in millions)
Interest rate swaps	Fixed rate borrowings	Derivative related income (expense)	$	2		$	32		$	(1	)	$	(34	)	$	(3	)	$	24		$	(1	)	$	(24	)
Currency swaps	Fixed rate borrowings	Derivative related income (expense)		(7	)		(4	)		10			12			(17	)		(24	)		19			28
Total			$	(5	)	$	28		$	9		$	(22	)	$	(20	)	$	-		$	18		$	4

Derivative fair values in the consolidated balance sheet for cash flow hedges

	Asset Derivatives Fair Value						Liability Derivatives Fair Value
	Balance Sheet Location	June 30, 2012		December 31, 2011			Balance Sheet Location	June 30, 2012			December 31, 2011
		(in millions)						(in millions)
Interest rate swaps	Derivative financial assets	$	-	$	(554	)	Derivative related liabilities	$	513		$	-
Currency swaps	Derivative financial assets		-		441		Derivative related liabilities		(259	)		-
Total		$	-	$	(113	)		$	254		$	-

Gain or loss recorded on our cash flow hedging relationships

	Gain (Loss) Recognized in OCI on Derivative (Effective Portion)						Location of Gain (Loss) Reclassified from  Accumulated OCI into Income (Effective Portion)	Gain (Loss) Reclassed from Accumulated OCI into Income (Effective Portion)						Location of Gain (Loss) Recognized in Income on the Derivative (Ineffective Portion)	Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
	2012			2011				2012			2011				2012			2011
	(in millions)
Three Months Ended June 30:
Interest rate swaps	$	(53	)	$	(33	)	Interest expense	$	(1	)	$	(12	)	Derivative related income	$	(1	)	$	-
Currency swaps		39			10		Interest expense		(5	)		(6	)	Derivative related income		(3	)		4
Total	$	(14	)	$	(23	)		$	(6	)	$	(18	)		$	(4	)	$	4
Six Months Ended June 30:
Interest rate swaps	$	37		$	22		Interest expense	$	(4	)	$	(23	)	Derivative related income	$	-		$	2
Currency swaps		28			38		Interest expense		(11	)		(13	)	Derivative related income		(1	)		(5	)
Total	$	65		$	60			$	(15	)	$	(36	)		$	(1	)	$	(3	)

Derivative fair values in the consolidated balance sheet for our non-qualifying hedges

	Asset Derivatives Fair Value						Liability Derivatives Fair Value
	Balance Sheet Location	June 30, 2012		December 31, 2011			Balance Sheet Location	June 30, 2012			December 31, 2011
		(in millions)						(in millions)
Interest rate swaps	Derivative financial assets	$	-	$	(926	)	Derivative related liabilities	$	1,184		$	5
Currency swaps and foreign exchange forward contracts	Derivative financial assets		-		38		Derivative related liabilities		(11	)		4
Total		$	-	$	(888	)		$	1,173		$	9

Gain or loss recorded on our non-qualifying hedges

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative
		Three Months Ended June 30,						Six Months Ended June 30,
		2012			2011			2012			2011
		(in millions)
Interest rate contracts	Derivative related income (expense)	$	(424	)	$	(168	)	$	(212	)	$	(125	)
Currency contracts	Derivative related income (expense)		-			1			(4	)		1
Total		$	(424	)	$	(167	)	$	(216	)	$	(124	)

Derivatives related to fair value option debt financial position

	Asset Derivatives Fair Value					Liability Derivatives Fair Value
	Balance Sheet Location	June 30, 2012		December 31, 2011		Balance Sheet Location	June 30, 2012		December 31, 2011
		(in millions)					(in millions)
Interest rate swaps	Derivative financial assets	$	-	$	693	Derivative related liabilities	$	(560)	$	-
Currency swaps	Derivative financial assets		-		808	Derivative related liabilities		(694)		-
Total		$	-	$	1,501		$	(1,254)	$	-

Gain or loss recorded on the derivatives related to fair value option debt, primarily due to the changes in interest rates

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative
		Three Months Ended June 30,				Six Months Ended June 30,
		2012		2011		2012		2011
		(in millions)
Interest rate contracts	Gain (loss) on debt designated at fair value and related derivatives	$	25	$	137	$	40	$	136
Currency contracts	Gain (loss) on debt designated at fair value and related derivatives		37		87		26		13
Total		$	62	$	224	$	66	$	149

Notional values of derivative contracts

	June 30, 2012		December 31, 2011
	(in millions)
Derivatives designated as hedging instruments:
Interest rate swaps	$	6,949	$	8,140
Currency swaps		6,226		8,195
		13,175		16,335
Non-qualifying economic hedges:
Derivatives not designated as hedging instruments:
Interest rate:
Swaps		6,612		10,523
Foreign exchange:
Swaps		715		715
Forwards		2		205
		7,329		11,443
Derivatives associated with debt carried at fair value:
Interest rate swaps		7,059		9,700
Currency swaps		3,376		3,376
		10,435		13,076
Total	$	30,939	$	40,854