Debt (Tables)

12 Months Ended

Dec. 31, 2012

Long-Term Debt

	As of December 31,
In millions	2012		2011
6.400% Senior Notes due 2022 (1)	$	269	$	275
7.000% Debentures due 2025		56		56
7.150% Debentures due 2027		100		100
6.625% Debentures due 2028		141		141
5.700% Senior Notes due 2034 (2)		157		329
		723		901
Less unamortized discount		1		1
Subtotal	$	722	$	900
14% Surplus Notes due 2033 (3)		940		940
Total	$	1,662	$	1,840

(1)—Callable on or after August 15, 2006 at 100.00.

(2)—Callable anytime at the greater of 100.00 or the present value of the remaining scheduled payments of principal and interest.

(3)—Callable on or after January 15, 2018 and every fifth anniversary thereafter at 100.00.

Aggregate Maturity Of Debt Obligations

In millions	2013		2014		2015		2016		2017		Thereafter		Total
Corporate debt	$	—	$	—	$	—	$	—	$	—	$	723	$	723
14% Surplus Notes due 2033(1)		—		—		—		—		—		940		940
Total debt obligations due	$	—	$	—	$	—	$	—	$	—	$	1,663	$	1,663

(1)—Callable on or after January 15, 2018 and every fifth anniversary thereafter at 100.00.

Principal Payments Due Under Investment Agreement Obligations

In millions	Principal Amount
Maturity date:
2013	$	182
2014		140
2015		45
2016		45
2017		53
Thereafter		561
Total expected principal payments(1)	$	1,026
Less discount and other adjustments(2)		82
Total	$	944

(1)—Foreign currency denominated investment agreements are presented in U.S. dollars. Amounts reflect principal due at maturity for investment agreements issued at a discount.

(2)—Includes discounts of $115 million on investment agreements, net fair value adjustments of $25 million and accrued interest of $8 million.

Principal Payments Due Under Medium-Term Note Obligations Based On Contractual Maturity

In millions	Principal Amount
Maturity date:
2013	$	41
2014		47
2015		255
2016		128
2017		53
Thereafter		1,847
Total expected principal payments(1)	$	2,371
Less discount and other adjustments(2)		773
Total	$	1,598

(1)—Foreign currency denominated MTN’s are presented in U.S. dollars. Amounts reflect principal due at maturity for notes issued at a discount or premium.

(2)—Includes discounts of $759 million and fair value adjustments of $23 million, net of accrued interest of $9 million.

Maturity Of VIE Notes, By Segment

In millions	Structured Finance and International Insurance		Conduits		Total (1)
Maturity date:
2013	$	341	$	—	$	341
2014		280		150		430
2015		427		—		427
2016		425		336		761
2017		465		—		465
Thereafter		4,551		149		4,700
Total	$	6,489	$	635	$	7,124

(1)—Includes $3.7 billion of VIE notes accounted for at fair value as of December 31, 2012.