Derivative Financial Instruments And Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

		March 31, 2017				December 31, 2016
	Level	Notional		Fair Value		Notional		Fair Value
Derivatives designated as hedges
Assets
Fair value hedges
Interest rate swaps	2	$	—	$	—	$	—	$	—
Cash flow hedges
Interest rate swaps	2,3	3,597		16		3,542		12
Foreign currency swaps	2	—		—		—		—
Total assets(a)		$	3,597	$	16	$	3,542	$	12
Liabilities
Fair value hedges
Interest rate swaps	2	$	8,950	$	317	$	7,700	$	276
Cash flow hedges
Interest rate swaps	2,3	717		1		1,280		3
Foreign currency swaps	2	802		24		791		33
Total liabilities(b)		$	10,469	$	342	$	9,771	$	312
Derivatives not designated as hedges
Assets
Interest rate swaps	2,3	$	15,455	$	74	$	8,667	$	55
Interest rate caps and floors	2	13,369		33		10,469		26
Foreign currency swaps	2	617		65		1,576		78
Total assets(a)		$	29,441	$	172	$	20,712	$	159
Liabilities
Interest rate swaps	2,3	$	14,225	$	55	$	8,337	$	36
Interest rate caps and floors	2	15,101		33		12,146		26
Foreign currency swaps	2	1,412		15		119		2
Total liabilities(b)		$	30,738	$	103	$	20,602	$	64

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(a) Derivative assets are included in other assets in the condensed consolidated balance sheets.

(b) Derivative liabilities are included in other liabilities in the condensed consolidated balance sheets. Amounts accrued for interest payments in a net receivable position are included in other assets in the condensed consolidated balance sheets.

Effect of Derivative Instruments on the Condensed Consolidated Statements of Income

The fair value for Level 2 instruments was derived using the market approach based on observable market inputs including quoted prices of similar instruments and foreign exchange and interest rate forward curves. The fair value for Level 3 instruments was derived using the income approach based on a discounted cash flow model, in which expected cash flows are discounted using current risk-adjusted rates. The activity for interest rate swap agreements measured at fair value on a recurring basis using significant unobservable inputs (Level 3) was insignificant for the three months ended March 31, 2017 and 2016.

	Income (Losses) Recognized In Income
	Three Months Ended March 31,
	2017			2016
Fair value hedges
Interest rate contracts(a)(b)	$	11		$	(6	)
Cash flow hedges
Interest rate contracts(a)	(2		)	—
Foreign currency contracts(c)	6			—
Derivatives not designated as hedges
Interest rate contracts(a)	(5		)	—
Foreign currency derivatives(c)(d)	(22		)	69
Total	$	(12	)	$	63

	Gains (Losses) Recognized In Accumulated Other Comprehensive Loss
	Three Months Ended March 31,
	2017			2016
Cash flow hedges
Interest rate contracts	$	2		$	—
Foreign currency contracts	(3		)	—
Total	$	(1	)	$	—

	Gains (Losses) Reclassified From Accumulated Other Comprehensive Loss Into Income
	Three Months Ended March 31,
	2017			2016
Cash flow hedges
Interest rate contracts	$	1		$	—
Foreign currency contracts	(4		)	—
Total	$	(3	)	$	—

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(a) Recognized in earnings as interest expense.

(b) Includes hedge ineffectiveness which reflects the net change in the fair value of interest rate contracts of $26 million and $2 million offset by the change in fair value of hedged debt attributable to the hedged risk of $27 million and $4 million for the three months ended March 31, 2017 and 2016.

(c) Recognized in earnings as other operating expenses and interest expense.

(d) Activity is partially offset by translation activity (included in other operating expenses) related to foreign currency-denominated loans.