Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2017

Text Block [Abstract]

Accumulated Other Comprehensive Income [Text Block]

Note 13: Accumulated Other Comprehensive Income

The following table presents the changes in the components of AOCI for thesix months endedJune 30,2017:

		Unrealized
		Gains (Losses)
		on AFS		Foreign Currency
In millions		Securities, Net		Translation, Net		Total
Balance, December 31, 2016		$	6	$	(134)	$	(128)
	Other comprehensive income (loss) before reclassifications		(30)		123		93	(1)
	Amounts reclassified from AOCI		(4)		-		(4)
Total other comprehensive income (loss)			(34)		123		89
Balance, June 30, 2017		$	(28)	$	(11)	$	(39)
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(1) - Includes items included in the Company's loss calculation to adjust the carrying value of MBIA UK to its fair value less costs to sell for the year ended December 31, 2016. The sale was completed in January of 2017 and as such, these amounts included in AOCI were reversed and included in the Sale Transaction.

The following table presents the details of the reclassifications from AOCI for thethree and six months endedJune 30,2017 and 2016:

In millions		Amounts Reclassified from AOCI
		Three Months Ended June 30,				Six Months Ended June 30,
Details about AOCI Components		2017		2016		2017		2016		Affected Line Item on the Consolidated Statements of Operations
Unrealized gains (losses) on AFS securities:
	Realized gains (losses) on sale of securities	$	4	$	(12)	$	6	$	(4)	Net gains (losses) on financial instruments at fair value and foreign exchange
	OTTI		-		-		(2)		-	Net investment losses related to OTTI
	Amortization on securities		(1)		(1)		(1)		(4)	Net investment income
			3		(13)		3		(8)	Income (loss) before income taxes
			(1)		(5)		(1)		(3)	Provision (benefit) for income taxes
Total reclassifications for the period		$	4	$	(8)	$	4	$	(5)	Net income (loss)