XML 82 R71.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segments (Summary Of Company's Segment Results) (Detail) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Segment Reporting Information [Line Items]          
Revenues [1] $ 87 $ 138 $ 277 $ 364  
Net change in fair value of insured derivatives (1) 16 (51) (20)  
Net gains (losses) on financial instruments at fair value and foreign exchange (11) 38 (55) (17)  
Net investment losses related to other-than-temporary impairments (71) 0 (84) (1)  
Net gains (losses) on extinguishment of debt 1 0 9 5  
Other net realized gains (losses) (1) (2) 36 (3)  
Revenues of consolidated VIEs 29 13 50 25  
Inter-segment revenues [2] 0 0 0 0  
Total revenues 33 203 182 353  
Losses and loss adjustment 205 50 469 149  
Operating 29 42 105 127  
Interest 50 49 148 148  
Expenses of consolidated VIEs 22 7 63 30  
Inter-segment expenses [2] 0 0 0 0  
Total expenses 306 148 785 454  
Income (loss) before income taxes (273) 55 (603) (101)  
Provision (benefit) for income taxes (6) 24 965 (28)  
Net income (loss) (267) 31 (1,568) (73)  
Identifiable assets 9,544 11,787 9,544 11,787 $ 11,137
U S Public Finance Insurance [Member]          
Segment Reporting Information [Line Items]          
Losses and loss adjustment 141 28 310 46  
Operating Segments [Member] | U S Public Finance Insurance [Member]          
Segment Reporting Information [Line Items]          
Revenues [1] 70 84 200 250  
Net gains (losses) on financial instruments at fair value and foreign exchange 2 31 20 65  
Net investment losses related to other-than-temporary impairments (71)   (84)    
Other net realized gains (losses) (1)   (1)    
Inter-segment revenues [2] 4 6 14 16  
Total revenues 4 121 149 331  
Losses and loss adjustment 141 28 310 46  
Operating 8 9 34 29  
Inter-segment expenses [2] 16 18 47 52  
Total expenses 165 55 391 127  
Income (loss) before income taxes (161) 66 (242) 204  
Provision (benefit) for income taxes (55) 22 (86) 69  
Net income (loss) (106) 44 (156) 135  
Identifiable assets 5,051 5,343 5,051 5,343 5,343
Operating Segments [Member] | Corporate Operations [Member]          
Segment Reporting Information [Line Items]          
Revenues [1] 7 6 23 17  
Net gains (losses) on financial instruments at fair value and foreign exchange (15) (2) (54) (105)  
Net investment losses related to other-than-temporary impairments       (1)  
Net gains (losses) on extinguishment of debt 1 0 9 5  
Other net realized gains (losses) (1) (2) (3) (4)  
Inter-segment revenues [2] 15 15 46 43  
Total revenues 7 17 21 (45)  
Operating 14 16 46 52  
Interest 22 22 66 69  
Inter-segment expenses [2] 0 2 2 3  
Total expenses 36 40 114 124  
Income (loss) before income taxes (29) (23) (93) (169)  
Provision (benefit) for income taxes (1) (8) 1,069 (50)  
Net income (loss) (28) (15) (1,162) (119)  
Identifiable assets 1,205 2,407 1,205 2,407 2,407
Operating Segments [Member] | International And Structured Finance Insurance [Member]          
Segment Reporting Information [Line Items]          
Revenues [1] 10 48 54 97  
Net change in fair value of insured derivatives (1) 16 (51) (20)  
Net gains (losses) on financial instruments at fair value and foreign exchange 2 9 (21) 23  
Other net realized gains (losses) 1 0 40 1  
Revenues of consolidated VIEs 29 13 50 25  
Inter-segment revenues [2] 11 12 31 35  
Total revenues 52 98 103 161  
Losses and loss adjustment 64 22 159 103  
Operating 7 17 25 46  
Interest 28 27 82 79  
Expenses of consolidated VIEs 22 7 63 30  
Inter-segment expenses [2] 14 13 42 38  
Total expenses 135 86 371 296  
Income (loss) before income taxes (83) 12 (268) (135)  
Provision (benefit) for income taxes 1 7 1,143 (48)  
Net income (loss) (84) 5 (1,411) (87)  
Identifiable assets 5,320 7,020 5,320 7,020 7,020
Intersegment Elimination [Member]          
Segment Reporting Information [Line Items]          
Inter-segment revenues [2] (30) (33) (91) (94)  
Total revenues (30) (33) (91) (94)  
Inter-segment expenses [2] (30) (33) (91) (93)  
Total expenses (30) (33) (91) (93)  
Income (loss) before income taxes 0 0 0 (1)  
Provision (benefit) for income taxes 49 3 (1,161) 1  
Net income (loss) (49) (3) 1,161 (2)  
Identifiable assets $ (2,032) [3] $ (2,983) [3] $ (2,032) [3] $ (2,983) [3] $ (2,983)
[1]
Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
[2]
Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
[3]
Consists of intercompany reinsurance balances and repurchase agreements.