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Long-Term Debt and Contractual Commitments (Tables)
 12 Months Ended
Dec. 31, 2011
Long-term Debt and Contractual Commitments [Abstract]  
Long-term Debt Table
(Dollars in millions)
 
 
 
 
 
 
Parent Company Only
 
2011
 
2010
 
Interest Rates
 
Maturities
Senior, fixed rate 1
 

$2,719

 

$922

 
3.25% - 6.00%
 
2012 - 2028
Senior, variable rate
 
1,527

 
1,512

 
0.58 - 3.00
 
2012 - 2019
Subordinated, fixed rate
 
200

 
200

 
6.00
 
2026
Junior subordinated, fixed rate
 
1,197

 
1,693

 
6.10 - 7.88
 
2036 - 2068
Junior subordinated, variable rate
 
651

 
651

 
1.12 - 3.98
 
2027 - 2034
Total Parent Company debt (excluding intercompany of $160 as of December 31, 2011 and 2010)
 
6,294

 
4,978

 

 
 
Subsidiaries
 
 
 
 
 
 
 
 
Senior, fixed rate 2
 
350

 
2,640

 
0.50 - 10.75
 
2012 - 2048
Senior, variable rate 3
 
2,504

 
3,443

 
0.52 - 7.50
 
2012 - 2037
Subordinated, fixed rate 4
 
1,260

 
2,087

 
5.00 - 7.25
 
2015 - 2028
Subordinated, variable rate
 
500

 
500

 
0.67 - .80
 
2015
Total subsidiaries debt
 
4,614

 
8,670

 

 
 
Total long-term debt
 

$10,908

 

$13,648

 

 
 
1 Debt recorded at fair value, $448 million and $460 million, at December 31, 2011 and 2010, respectively.
2 Includes leases and other obligations that do not have a stated interest rate.
3 Debt recorded at fair value, $289 million and $290 million, at December 31, 2011 and 2010, respectively.
4 Debt recorded at fair value.
Unconditional Obligations
 
 
As of December 31, 2011
(Dollars in millions)
 
1 year or less
 
1-3 years
 
3-5 years
 
After 5 years
 
Total
Operating lease obligations
 

$214

 

$399

 

$346

 

$509

 

$1,468

Capital lease obligations 1
 
1

 
2

 
3

 
6

 
12

Purchase obligations 2
 
81

 
296

 
184

 
146

 
707

Total
 

$296

 

$697

 

$533

 

$661

 

$2,187

1 Amounts do not include accrued interest.
2 Includes contracts with a minimum annual payment of $5 million.