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Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2013
Financial Instruments [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
At September 30, 2013, the volume of our derivative activities based on their notional exposure, categorized by primary underlying risk, are as follows:
  
Long Notional Exposure
 
Short Notional Exposure
Primary underlying risk:
(in millions)
Equity swaps
$
1

 
$
8,516

Foreign currency forwards
52

 
1,644

Interest rate swap contracts
—

 
103

Commodity contracts
58

 
580
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following table presents the consolidated fair values of our derivatives that are not designated as hedging instruments:
Derivatives Not Designated as Hedging Instruments
 
Asset Derivatives(1)
 
Liability Derivatives(2)
 
September 30, 2013
 
December 31,
2012
 
September 30, 2013
 
December 31,
2012
 
 
(in millions)
Equity contracts
 
$
26

 
$
21

 
$
757

 
$
35

Foreign exchange contracts
 
—

 
—

 
8

 
59

Commodity contracts
 
112

 
8

 
2

 
74

Sub-total
 
138

 
29

 
767

 
168

Netting across contract types(3)
 
(2
)
 
(7
)
 
(2
)
 
(7
)
Total(3)
 
$
136

 
$
22

 
$
765

 
$
161


(1) 
Net asset derivatives are located within other assets in our consolidated balance sheets.
(2) 
Net liability derivatives are located within accrued expenses and other liabilities in our consolidated balance sheets.
(3) 
Excludes netting of cash collateral received and posted.  The total collateral posted at September 30, 2013 and December 31, 2012 was $413 million and $148 million, respectively, across all counterparties.
The following table presents the effects of our derivative instruments not designated as hedging instruments on the statements of operations for the three and nine months ended September 30, 2013 and 2012:
 
 
Gain (Loss) Recognized in Income(1)
Derivatives Not Designated as Hedging Instruments
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
 
 
(in millions)
Equity contracts
 
$
(254
)
 
$
(680
)
 
$
(1,077
)
 
$
(1,120
)
Foreign exchange contracts
 
(82
)
 
(44
)
 
(52
)
 
(19
)
Commodity contracts
 
68

 
(170
)
 
169

 
(172
)
 
 
$
(268
)
 
$
(894
)
 
$
(960
)
 
$
(1,311
)
 
(1) 
Gains (losses) recognized on derivatives are classified in net gain from investment activities in our consolidated statements of operations for our Investment segment and are included in other income (loss), net for all other segments.
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table presents the consolidated fair values of our derivative instruments that are designated as cash flow hedging instruments:
Derivatives Designated as Cash Flow Hedging Instruments
 
Asset Derivatives(1)
 
Liability Derivatives(2)
 
September 30, 2013
 
December 31, 2012
 
September 30, 2013
 
December 31, 2012
 
 
(in millions)
Interest rate swap contracts
 
$
—

 
$
—

 
$
2

 
$
13

Commodity contracts
 
1

 
2

 
2

 
1

Sub-total
 
1

 
2

 
4

 
14

Netting across contract types
 
(1
)
 
(2
)
 
(1
)
 
(2
)
Total
 
$
—

 
$
—

 
$
3

 
$
12


(1) 
Located within other assets in our consolidated balance sheets.
(2) 
Located within accrued expenses and other liabilities in our consolidated balance sheets.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following tables present the effect of our derivative instruments that are designated as cash flow hedging instruments on our consolidated financial statements for the three and nine months ended September 30, 2013 and 2012:
Three Months Ended September 30, 2013
Derivatives Designated as Hedging Instruments
 
Amount of (Loss) Gain Recognized in OCI on Derivatives (Effective Portion)
 
Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
 
Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
 
 
(in millions)
 
(in millions)
 
 
Interest rate swap contracts
 
$
—

 
$
(1
)
 
Interest expense
Commodity contracts
 
3

 
(2
)
 
Cost of goods sold
Foreign currency contracts
 
—

 
—

 
 
 
 
$
3

 
$
(3
)
 
 

Three Months Ended September 30, 2012
Derivatives Designated as Hedging Instruments
 
Amount of (Loss) Gain Recognized in OCI on Derivatives (Effective Portion)
 
Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
 
Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
 
 
(in millions)
 
(in millions)
 
 
Interest rate swap contracts
 
$
(1
)
 
$
(10
)
 
Interest expense
Commodity contracts
 
4

 
(3
)
 
Cost of goods sold
Foreign currency contracts
 
—

 
1

 
Cost of goods sold
 
 
$
3

 
$
(12
)
 
 
Nine Months Ended September 30, 2013
Derivatives Designated as Hedging Instruments
 
Amount of (Loss) Gain Recognized in OCI on Derivatives (Effective Portion)
 
Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
 
Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
 
 
(in millions)
 
(in millions)
 
 
Interest rate swap contracts
 
$
1

 
$
(9
)
 
Interest expense
Commodity contracts
 
(5
)
 
(3
)
 
Cost of goods sold
Foreign currency contracts
 
—

 
—

 
 
 
 
$
(4
)
 
$
(12
)
 
 

Nine Months Ended September 30, 2012
Derivatives Designated as Hedging Instruments
 
Amount of (Loss) Gain Recognized in OCI on Derivatives (Effective Portion)
 
Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
 
Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
 
 
(in millions)
 
(in millions)
 
 
Interest rate swap contracts
 
$
(4
)
 
$
(29
)
 
Interest expense
Commodity contracts
 
7

 
(9
)
 
Cost of goods sold
Foreign currency contracts
 
(2
)
 
1

 
Cost of goods sold
 
 
$
1

 
$
(37
)