Changes in Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2012

Components of Comprehensive Income, net of tax [Abstract]

Components of comprehensive income (loss), net of tax

Changes in each component of AOCI for the three years ended December 31 were as follows:

(Millions), net of tax^(a)	Net Unrealized Gains (Losses) on Investment Securities		Net Unrealized Gains (Losses) on Cash Flow Hedges		Foreign Currency Translation Adjustments		Net Unrealized Pension and Other Postretirement Benefit Losses		Accumulated Other Comprehensive (Loss) Income
Balances as of December 31, 2009	$	507	$	(28)	$	(722)	$	(469)	$	(712)
Impact of the adoption of GAAP^(b)		(315)								(315)
Net unrealized gains (losses)		(139)		(2)						(141)
Reclassification for realized (gains) losses into earnings		4		23		(2)				25
Net translation of investments in foreign operations						189				189
Net gains related to hedges of investment in foreign operations						32				32
Pension and other postretirement benefit losses								5		5
Net change in accumulated other comprehensive (loss) income		(450)		21		219		5		(205)
Balances as of December 31, 2010		57		(7)		(503)		(464)		(917)
Net unrealized gains (losses)		245		(2)						243
Reclassification for realized (gains) losses into earnings		(14)		8						(6)
Net translation of investments in foreign operations						(153)				(153)
Net losses related to hedges of investment in foreign operations						(26)				(26)
Pension and other postretirement benefit losses								(17)		(17)
Net change in accumulated other comprehensive (loss) income		231		6		(179)		(17)		41
Balances as of December 31, 2011		288		(1)		(682)		(481)		(876)
Net unrealized gains (losses)		106								106
Reclassification for realized (gains) losses into earnings		(79)		1		1				(77)
Net translation of investments in foreign operations						215				215
Net losses related to hedges of investment in foreign operations						(288)				(288)
Pension and other postretirement benefit losses								(7)		(7)
Net change in accumulated other comprehensive (loss) income		27		1		(72)		(7)		(51)
Balances as of December 31, 2012	$	315	$	―	$	(754)	$	(488)	$	(927)

The following table shows the tax impact for the three years ended December 31 for the changes in each component of accumulated other comprehensive (loss) income:

(Millions)	2012		2011		2010
Investment securities	$	7	$	149	$	(272)
Cash flow hedges		1		3		11
Foreign currency translation adjustments		24		(40)		22
Net investment hedges		(176)		(14)		(396)
Pension and other postretirement benefit losses		―		(7)		18
Total tax impact	$	(144)	$	91	$	(617)

As a result of the adoption of new GAAP governing consolidations and VIEs, the Company no longer presents within its Consolidated Financial Statements the effects of the retained subordinated securities issued by previously unconsolidated VIEs related to the Company's cardmember loan securitization programs.

Accumulated Other Comprehensive Loss Income Tax Effect Disclosure Text Block

The following table shows the tax impact for the three years ended December 31 for the changes in each component of accumulated other comprehensive (loss) income:

(Millions)	2012		2011		2010
Investment securities	$	7	$	149	$	(272)
Cash flow hedges		1		3		11
Foreign currency translation adjustments		24		(40)		22
Net investment hedges		(176)		(14)		(396)
Pension and other postretirement benefit losses		―		(7)		18
Total tax impact	$	(144)	$	91	$	(617)

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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