DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The following table summarizes the impact to realized investment gains (losses) and other comprehensive income (loss) from all derivatives and hedging instruments for the years ended December 31.

	2012									2011								2010
(In millions)		Realized Investment Gains (Losses)				Other Comprehensive Income (Loss)				Realized Investment Gains (Losses)				Other Comprehensive Income (Loss)				Realized Investment Gains (Losses)				Other Comprehensive Income (Loss)
Qualifying hedges:
Cash flow hedges:
Interest rate swaps			$	0			$	0			$	0			$	2			$	0			$	1
Foreign currency swaps			(3		)		(22		)		0				(35		)		20				50
Total cash flow hedges			(3		)		(22		)		0				(33		)		20				51
Fair value hedges:
Foreign currency forwards(1)			(7		)		0				0				0				0				0
Total fair value hedges			(7		)		0				0				0				0				0
Net investment hedge:
Non-derivative hedging instruments			0				96				0				(54		)		0				(129		)
Total net investment hedge			0				96				0				(54		)		0				(129		)
Non-qualifying strategies:
Interest rate swaps			(14		)		0				(33		)		0				7				0
Foreign currency swaps			111				0				(160		)		0				3				0
Credit default swaps			64				0				(64		)		0				(31		)		0
Total non-qualifying strategies			161				0				(257		)		0				(21		)		0
Total				$151			$	74			$	(257	)		$	(87	)		$	(1	)		$	(78	)

⁽¹⁾ Impact shown net of effect of hedged items (see Fair Value Hedges section of this Note 4 for further detail)

Fair Value and Notional Amount of Derivatives with Counterparty Credit Risk

The counterparties to these derivatives are financial institutions with the following credit ratings as of December 31:

	2012							2011
	Fair Value				Notional Amount			Fair Value				Notional Amount
(In millions)	of Swaps				of Swaps			of Swaps				of Swaps
Counterparties' credit rating:
AA		$	(1	)		$	161		$	0			$	0
A		(588		)		13,209			(156		)		5,491
Total		$	(589	)		$	13,370		$	(156	)		$	5,491

Maximum Potential Risk, Fair Value, Weighted Average Years to Maturity, and Underlying Referenced Credit Obligation Type for Credit Derivatives

The following tables present the maximum potential risk, fair value, weighted-average years to maturity, and underlying referenced credit obligation type for credit default swaps within consolidated VIE structures as of December 31.

2012
		Less than one year				One to three years					Three to five years						Five to ten years						Total
(In millions)	Credit Rating	Maximum potential risk		Estimated fair value		Maximum potential risk			Estimated fair value		Maximum potential risk			Estimated fair value			Maximum potential risk			Estimated fair value			Maximum potential risk			Estimated fair value
Index exposure:
Corporate bonds:
	A	$	0	$	0	$	(133	)	$	2	$	0		$	0		$	0		$	0		$	(133	)	$	2
	BB or lower	0		0		0			0		(106		)	(47		)	(116		)	(20		)	(222		)	(67		)
Total		$	0	$	0	$	(133	)	$	2	$	(106	)	$	(47	)	$	(116	)	$	(20	)	$	(355	)	$	(65	)

2011
		Less than one year				One to three years				Three to five years						Five to ten years						Total
(In millions)	Credit Rating	Maximum potential risk		Estimated fair value		Maximum potential risk		Estimated fair value		Maximum potential risk			Estimated fair value			Maximum potential risk			Estimated fair value			Maximum potential risk			Estimated fair value
Index exposure:
Corporate bonds:
	A	$	0	$	0	$	0	$	0	$	(146	)	$	(17	)	$	0		$	0		$	(146	)	$	(17	)
	BB or lower	0		0		0		0		0			0			(235		)	(113		)	(235		)	(113		)
Total		$	0	$	0	$	0	$	0	$	(146	)	$	(17	)	$	(235	)	$	(113	)	$	(381	)	$	(130	)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The tables below summarize the balance sheet classification of our derivative fair value amounts, as well as the gross asset and liability fair value amounts, at December 31. The fair value amounts presented do not include income accruals. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated. Notional amounts are not reflective of credit risk.

	2012
(In millions)	Net Derivatives							Asset Derivatives			Liability Derivatives
Hedge Designation/ Derivative Type	Notional Amount			Fair Value				Fair Value			Fair Value
Cash flow hedges:
Interest rate swaps		$	64		$	0			$	0		$	0
Foreign currency swaps		75			14				14			0
Total cash flow hedges		139			14				14			0
Fair value hedges:
Foreign currency forwards		6,944			(535		)		0			(535		)
Total fair value hedges		6,944			(535		)		0			(535		)
Non-qualifying strategies:
Interest rate swaps		355			29				32			(3		)
Foreign currency swaps		5,577			(32		)		297			(329		)
Credit default swaps		355			(65		)		2			(67		)
Total non-qualifying strategies		6,287			(68		)		331			(399		)
Total derivatives		$	13,370		$	(589	)		$	345		$	(934	)
Balance Sheet Location
Other assets		$	2,585		$	345			$	345		$	0
Other liabilities		10,785			(934		)		0			(934		)
Total derivatives		$	13,370		$	(589	)		$	345		$	(934	)

	2011
(In millions)	Net Derivatives							Asset Derivatives			Liability Derivatives
Hedge Designation/ Derivative Type	Notional Amount			Fair Value				Fair Value			Fair Value
Cash flow hedges:
Interest rate swaps		$	71		$	0			$	0		$	0
Foreign currency swaps		75			36				36			0
Total cash flow hedges		146			36				36			0
Non-qualifying strategies:
Interest rate swaps		381			30				34			(4		)
Foreign currency swaps		4,583			(92		)		305			(397		)
Credit default swaps		381			(130		)		0			(130		)
Total non-qualifying strategies		5,345			(192		)		339			(531		)
Total derivatives		$	5,491		$	(156	)		$	375		$	(531	)
Balance Sheet Location
Other assets		$	1,794		$	375			$	375		$	0
Other liabilities		3,697			(531		)		0			(531		)
Total derivatives		$	5,491		$	(156	)		$	375		$	(531	)

Cash Flow Hedges Gains (Losses) Recognized In Other Comprehensive Income and Income

The following table presents the components of the gain or loss on derivatives that qualified as cash flow hedges for the years ended December 31.

Derivatives in Cash Flow Hedging Relationships

(In millions)	Derivative Gain (Loss)  Recognized in Other  Comprehensive Income (Effective Portion)				Derivative Gains (Losses) Recognized in Income (Ineffective Portion)
2012:
Interest rate swaps		$	0			$	0
Foreign currency swaps		(22		)		(3		)
Total		$	(22	)		$	(3	)
2011:
Interest rate swaps		$	2			$	0
Foreign currency swaps		(35		)		0
Total		$	(33	)		$	0
2010:
Interest rate swaps		$	1			$	0
Foreign currency swaps		50				20
Total		$	51			$	20

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table presents the gains and losses on derivatives and the related hedged items in fair value hedges for the year ended December 31.

Fair Value Hedging Relationships

(In millions)		Hedging Derivatives									Hedged Items
Hedging Derivatives	Hedged Items	Total Gains (Losses)			Gains (Losses) Excluded from Effectiveness Testing			Gains (Losses) Included in Effectiveness Testing			Foreign Currency Gains (Losses)		Ineffectiveness Recognized for Fair Value Hedge
2012:(1)
Foreign currency forwards	Fixed-maturity securities	$	(535	)	$	(8	)	$	(527	)	$	528	$	1

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table presents the gain or loss recognized in income on non-qualifying strategies for the years ended December 31.

Non-qualifying Strategies

	Derivative Gains (Losses) Recognized in Income
(In millions)	2012				2011				2010
Interest rate swaps		$	(14	)		$	(33	)		$	7
Foreign currency swaps		111				(160		)		3
Credit default swaps		64				(64		)		(31		)
Total		$	161			$	(257	)		$	(21	)