Derivative Financial Instruments And Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

		June 30, 2017				December 31, 2016
	Level	Notional		Fair Value		Notional		Fair Value
Derivatives designated as hedges
Assets
Fair value hedges
Interest rate swaps	2	$	2,500	$	21	$	—	$	—
Cash flow hedges
Interest rate swaps	2,3	2,466		12		3,070		12
Foreign currency swaps	2	855		15		—		—
Total assets(a)		$	5,821	$	48	$	3,070	$	12
Liabilities
Fair value hedges
Interest rate swaps	2	$	8,854	$	238	$	7,700	$	276
Cash flow hedges
Interest rate swaps	2,3	456		—		500		1
Foreign currency swaps	2	—		—		791		33
Total liabilities(b)		$	9,310	$	238	$	8,991	$	310
Derivatives not designated as hedges
Assets
Interest rate swaps	2,3	$	24,881	$	117	$	7,959	$	54
Interest rate caps and floors	2	15,347		36		9,698		26
Foreign currency swaps	2	1,141		42		—		—
Total assets(a)		$	41,369	$	195	$	17,657	$	80
Liabilities
Interest rate swaps	2,3	$	17,746	$	61	$	6,170	$	28
Interest rate caps and floors	2	17,714		36		12,146		26
Foreign currency swaps	2	331		—		—		—
Total liabilities(b)		$	35,791	$	97	$	18,316	$	54

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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 and six months ended June 30, 2017 and 2016.

	Income (Losses) Recognized In Income
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Fair value hedges
Interest rate contracts(a)(b)	$	18		$	2		$	29		$	(4	)
Cash flow hedges
Interest rate contracts(a)	1			(1		)	(1		)	(1		)
Foreign currency contracts(c)	49			—			55			—
Derivatives not designated as hedges
Interest rate contracts(a)	(4		)	(8		)	(9		)	3
Foreign currency derivatives(c)(d)	42			—			35			—
Total	$	106		$	(7	)	$	109		$	(2	)

	Gains (Losses) Recognized In Accumulated Other Comprehensive Loss
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017		2016
Cash flow hedges
Interest rate contracts	$	(1	)	$	(4	)	$	1	$	(4	)
Foreign currency contracts	24			—			21		—
Total	$	23		$	(4	)	$	22	$	(4	)

	Gains (Losses) Reclassified From Accumulated Other Comprehensive Loss Into Income
	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016		2017			2016
Cash flow hedges
Interest rate contracts	$	—		$	—	$	1		$	—
Foreign currency contracts	(30		)	—		(34		)	—
Total	$	(30	)	$	—	$	(33	)	$	—

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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 $66 million and $40 million and $74 million and $76 million, offset by the change in fair value of hedged debt attributable to the hedged risk of $57 million and $30 million and $64 million and $68 million for the three and six months ended June 30, 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.