INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Investment Securities Classified as Current and Long-Term

Investment securities classified as current and long-term were as follows at March 31, 2014 and December 31, 2013, respectively:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(in millions)
March 31, 2014
U.S. Treasury and other U.S. government corporations and agencies:
U.S. Treasury and agency obligations	$	517	$	7	$	(4	)	$	520
Mortgage-backed securities		1,870		37		(35	)		1,872
Tax-exempt municipal securities		3,067		116		(17	)		3,166
Mortgage-backed securities:
Residential		21		0		(1	)		20
Commercial		656		20		(11	)		665
Asset-backed securities		49		1		0			50
Corporate debt securities		3,493		275		(13	)		3,755
Total debt securities	$	9,673	$	456	$	(81	)	$	10,048
December 31, 2013
U.S. Treasury and other U.S. government corporations and agencies:
U.S. Treasury and agency obligations	$	584	$	6	$	(6	)	$	584
Mortgage-backed securities		1,834		34		(48	)		1,820
Tax-exempt municipal securities		2,911		93		(33	)		2,971
Mortgage-backed securities:
Residential		22		0		0			22
Commercial		662		20		(9	)		673
Asset-backed securities		63		1		(1	)		63
Corporate debt securities		3,474		223		(30	)		3,667
Total debt securities	$	9,550	$	377	$	(127	)	$	9,800

Schedule of Gross Unrealized Losses and Fair Value of Securities

Gross unrealized losses and fair values aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were as follows at March 31, 2014 and December 31, 2013, respectively:

	Less than 12 months					12 months or more					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
	(in millions)
March 31, 2014
U.S. Treasury and other U.S. government corporations and agencies:
U.S. Treasury and agency obligations	$	212	$	(4	)	$	3	$	0		$	215	$	(4	)
Mortgage-backed securities		1,145		(34	)		20		(1	)		1,165		(35	)
Tax-exempt municipal securities		413		(13	)		115		(4	)		528		(17	)
Mortgage-backed securities:
Residential		5		0			1		(1	)		6		(1	)
Commercial		148		(3	)		152		(8	)		300		(11	)
Asset-backed securities		35		0			0		0			35		0
Corporate debt securities		333		(11	)		35		(2	)		368		(13	)
Total debt securities	$	2,291	$	(65	)	$	326	$	(16	)	$	2,617	$	(81	)
December 31, 2013
U.S. Treasury and other U.S. government corporations and agencies:
U.S. Treasury and agency obligations	$	231	$	(6	)	$	5	$	0		$	236	$	(6	)
Mortgage-backed securities		1,076		(47	)		21		(1	)		1,097		(48	)
Tax-exempt municipal securities		693		(28	)		57		(5	)		750		(33	)
Mortgage-backed securities:
Residential		6		0			1		0			7		0
Commercial		270		(8	)		40		(1	)		310		(9	)
Asset-backed securities		35		(1	)		0		0			35		(1	)
Corporate debt securities		594		(28	)		17		(2	)		611		(30	)
Total debt securities	$	2,905	$	(118	)	$	141	$	(9	)	$	3,046	$	(127	)

Schedule of Realized Gains (Losses) Related to Investment Securities Included Within Investment Income

The detail of realized gains (losses) related to investment securities and included within investment income was as follows for the three months ended March 31, 2014 and 2013:

	For the three months ended March 31,
	2014		2013
	(in millions)
Gross realized gains	$	1	$	6
Gross realized losses		0		(1	)
Net realized capital gains	$	1	$	5

Schedule of Contractual Maturity of Debt Securities Available for Sale

The contractual maturities of debt securities available for sale at March 31, 2014, regardless of their balance sheet classification, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Amortized Cost		Fair Value
	(in millions)
Due within one year	$	477	$	483
Due after one year through five years		2,114		2,214
Due after five years through ten years		2,533		2,663
Due after ten years		1,953		2,081
Mortgage and asset-backed securities		2,596		2,607
Total debt securities	$	9,673	$	10,048