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EXPENSES ASSOCIATED WITH LONG-DURATION INSURANCE PRODUCTS (Tables)
12 Months Ended
Dec. 31, 2013
Schedule of Deferred Acquisition Cost and Future Policy Benefits Payable With Our Long-Duration Insurance Products

The table below presents deferred acquisition costs and future policy benefits payable associated with our long-duration insurance products for the years ended December 31, 2013 and 2012.

 

     2013     2012  
     Deferred
acquisition

costs
     Future policy
benefits
payable
    Deferred
acquisition

costs
     Future policy
benefits
payable
 
     (in millions)  

Other long-term assets

   $ 166       $ 0      $ 149       $ 0   

Trade accounts payable and accrued expenses

     0         (67     0         (63

Long-term liabilities

     0         (2,207     0         (1,858
  

 

 

    

 

 

   

 

 

    

 

 

 

Total asset (liability)

   $ 166       $ (2,274   $ 149       $ (1,921