Consolidated Investment Entities (Tables)

6 Months Ended

Jun. 30, 2011

Consolidated Investment Entities

Schedule of impact of consolidated investment entities on consolidated financial statements

	June 30, 2011
	Before		Consolidated
	Consolidation		Investment Entities		Eliminations			Total
	(in millions)
Total assets	$	128,099	$	7,098	$	(59	)	$	135,138
Total liabilities	$	117,991	$	5,919	$	—		$	123,910
Total Ameriprise Financial, Inc. shareholders’ equity	10,084		523		(59		)	10,548
Noncontrolling interests equity	24		656		—			680
Total liabilities and equity	$	128,099	$	7,098	$	(59	)	$	135,138

	December 31, 2010
	Before		Consolidated
	Consolidation		Investment Entities		Eliminations			Total
	(in millions)
Total assets	$	124,401	$	6,871	$	(58	)	$	131,214
Total liabilities	$	114,205	$	5,724	$	—		$	119,929
Total Ameriprise Financial, Inc. shareholders’ equity	10,196		587		(58		)	10,725
Noncontrolling interests equity	—		560		—			560
Total liabilities and equity	$	124,401	$	6,871	$	(58	)	$	131,214

	Three Months Ended June 30, 2011
	Before			Consolidated
	Consolidation			Investment Entities			Eliminations			Total
	(in millions)
Total net revenues	$	2,598		$	35		$	(10	)	$	2,623
Total expenses	2,171			63			(10		)	2,224
Income (loss) from continuing operations before income tax provision	427			(28		)	—			399
Income tax provision	114			—			—			114
Income (loss) from continuing operations	313			(28		)	—			285
Loss from discontinued operations, net of tax	(4		)	—			—			(4		)
Net income (loss)	309			(28		)	—			281
Net loss attributable to noncontrolling interests	—			(28		)	—			(28		)
Net income attributable to Ameriprise Financial	$	309		$	—		$	—		$	309

	Six Months Ended June 30, 2011
	Before			Consolidated
	Consolidation			Investment Entities			Eliminations			Total
	(in millions)
Total net revenues	$	5,093		$	82		$	(20	)	$	5,155
Total expenses	4,261			128			(20		)	4,369
Income (loss) from continuing operations before income tax provision	832			(46		)	—			786
Income tax provision	207			—			—			207
Income (loss) from continuing operations	625			(46		)	—			579
Loss from discontinued operations, net of tax	(75		)	—			—			(75		)
Net income (loss)	550			(46		)	—			504
Net loss attributable to noncontrolling interests	—			(46		)	—			(46		)
Net income attributable to Ameriprise Financial	$	550		$	—		$	—		$	550

	Three Months Ended June 30, 2010
	Before		Consolidated
	Consolidation		Investment Entities		Eliminations			Total
	(in millions)
Total net revenues	$	2,271	$	201	$	(10	)	$	2,462
Total expenses	1,948		62		(10		)	2,000
Income from continuing operations before income tax provision	323		139		—			462
Income tax provision	66		—		—			66
Income from continuing operations	257		139		—			396
Income from discontinued operations, net of tax	2		—		—			2
Net income	259		139		—			398
Net income attributable to noncontrolling interests	—		139		—			139
Net income attributable to Ameriprise Financial	$	259	$	—	$	—		$	259

	Six Months Ended June 30, 2010
	Before		Consolidated
	Consolidation		Investment Entities		Eliminations			Total
	(in millions)
Total net revenues	$	4,302	$	337	$	(19	)	$	4,620
Total expenses	3,703		116		(19		)	3,800
Income from continuing operations before income tax provision	599		221		—			820
Income tax provision	130		—		—			130
Income from continuing operations	469		221		—			690
Income from discontinued operations, net of tax	4		—		—			4
Net income	473		221		—			694
Net income attributable to noncontrolling interests	—		221		—			221
Net income attributable to Ameriprise Financial	$	473	$	—	$	—		$	473

Schedule of assets and liabilities held by consolidated investment entities measured at fair value on a recurring basis

	June 30, 2011
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets
Investments
Corporate debt securities	$	—	$	347	$	6	$	353
Common stocks	38		88		23		149
Other structured investments	—		60		3		63
Syndicated loans	—		4,605		246		4,851
Total investments	38		5,100		278		5,416
Receivables	—		62		—		62
Other assets	—		10		1,097		1,107
Total assets at fair value	$	38	$	5,172	$	1,375	$	6,585
Liabilities
Debt	$	—	$	—	$	5,234	$	5,234
Other liabilities	—		177		—		177
Total liabilities at fair value	$	—	$	177	$	5,234	$	5,411

	December 31, 2010
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets
Investments
Corporate debt securities	$	—	$	418	$	6	$	424
Common stocks	26		53		11		90
Other structured investments	—		39		22		61
Syndicated loans	—		4,867		—		4,867
Trading securities	—		2		—		2
Total investments	26		5,379		39		5,444
Receivables	—		33		—		33
Other assets	—		8		887		895
Total assets at fair value	$	26	$	5,420	$	926	$	6,372
Liabilities
Debt	$	—	$	—	$	5,171	$	5,171
Other liabilities	—		154		—		154
Total liabilities at fair value	$	—	$	154	$	5,171	$	5,325

Schedule of changes in Level 3 assets and liabilities held by consolidated investment entities measured at fair value on a recurring basis

	Corporate					Other
	Debt		Common			Structured		Syndicated			Other
	Securities		Stocks			Investments		Loans			Assets			Debt
	(in millions)
Balance, April 1, 2011	$	6	$	26		$	—	$	216		$	920		$	(5,333	)
Total gains (losses) included in:
Net income	—		(1		)(1)	—		—			—			(31		)(1)
Other comprehensive income	—		—			—		—			1			—
Purchases	—		—			3		68			184			—
Sales	—		—			—		(4		)	—			—
Issues	—		—			—		—			—			(17		)
Settlements	—		—			—		(54		)	—			147
Transfers into (out of) of Level 3	—		(2		)(2)	—		20		(3)	(8		)(4)	—
Balance, June 30, 2011	$	6	$	23		$	3	$	246		$	1,097		$	(5,234	)
Changes in unrealized gains (losses) included in income relating to assets held at June 30, 2011	$	—	$	(1	)(1)	$	—	$	1	(1)	$	—		$	(27	)(1)

(1)Included in net investment income in the Consolidated Statements of Operations.

(2)Represents securities with a fair value of $5 million that were transferred to Level 2 as the fair value of the securities is now obtained from a nationally-recognized pricing service with observable inputs and securities with a fair value of $3 million that were transferred to Level 3 as the fair value of the securities is now based on a single broker quote.

(3)Represents securities with a fair value of $47 million that were transferred to Level 2 as the fair value of the securities is now obtained from a nationally-recognized pricing service with observable inputs and securities with a fair value of $67 million that were transferred to Level 3 as the fair value of the securities is now based on a single broker quote.

(4)Represents securities that were transferred to Level 2 as the fair value of these securities is now obtained from a nationally-recognized pricing service with observable inputs.

	Corporate						Other
	Debt			Common			Structured			Other
	Securities			Stocks			Investments			Assets			Debt
	(in millions)
Balance, April 1, 2010	$	15		$	—		$	6		$	870		$	(5,144	)
Cumulative effect of accounting change	—			—			—			—			—
Total gains (losses) included in:
Net income	(1		)(1)	1			(1)		(1)	35		(2)	77		(1)
Other comprehensive income	—			—			—			(14		)	—
Purchases, sales, issues and settlements, net	(8		)	3			5			(209		)	19
Balance, June 30, 2010	$	6		$	4		$	10		$	682		$	(5,048	)
Changes in unrealized gains (losses) included in income relating to assets held at June 30, 2010	$	—		$	1	(1)	$	—		$	5	(3)	$	77	(1)

(1) Included in net investment income in the Consolidated Statements of Operations.

(2) Represents a $36 million gain included in other revenues and a $1 million loss included in net investment income in the Consolidated Statements of Operations.

(3) Represents a $6 million gain included in other revenues and a $1 million loss included in net investment income in the Consolidated Statements of Operations.

	Corporate						Other
	Debt			Common			Structured			Syndicated			Other
	Securities			Stocks			Investments			Loans			Assets			Debt
	(in millions)
Balance, January 1, 2011	$	6		$	11		$	22		$	—		$	887		$	(5,171	)
Total gains (losses) included in:
Net income	—			5		(1)	(1		)(1)	4		(1)	4		(2)	(215		)(1)
Other comprehensive income	—			—			—			—			25			—
Purchases	—			—			3			93			196			—
Sales	(1		)	—			—			(6		)	(15		)	—
Issues	—			—			—			—			—			(27		)
Settlements	—			—			—			(56		)	1			179
Transfers into (out of) of Level 3	1		(3)	7		(4)	(21		)(5)	211		(6)	(1		)(7)	—
Balance, June 30, 2011	$	6		$	23		$	3		$	246		$	1,097		$	(5,234	)
Changes in unrealized gains (losses) included in income relating to assets and liabilities held at June 30, 2011	$	—		$	3	(1)	$	(1	)(1)	$	3	(1)	$	(1	)(1)	$	(211	)(1)

(1)Included in net investment income in the Consolidated Statements of Operations.

(2)Included in other revenues in the Consolidated Statements of Operations.

(3)Represents securities that were transferred to Level 3 as the fair value of these securities is now based on a single broker quote.

(4)Represents securities with a fair value of $7 million that were transferred to Level 2 as the fair value of the securities is now obtained from a nationally-recognized pricing service with observable inputs and securities with a fair value of $14 million that were transferred to Level 3 as the fair value of the securities is now based on a single broker quote.

(5)Represents securities that were transferred to Level 2 as the fair value of these securities is now obtained from a nationally-recognized pricing service with observable inputs.

(6)Represents securities with a fair value of $47 million that were transferred to Level 2 as the fair value of the securities is now obtained from a nationally-recognized pricing service with observable inputs and securities with a fair value of $258 million that were transferred to Level 3 as the fair value of the securities is now based on a single broker quote.

(7)Represents securities with a fair value of $8 million that were transferred to Level 2 as the fair value of the securities is now obtained from a nationally-recognized pricing service with observable inputs and securities with a fair value of $7 million that were transferred to Level 3 as the fair value of the securities is now based on a single broker quote.

	Corporate						Other
	Debt			Common			Structured			Other
	Securities			Stocks			Investments			Assets			Debt
	(in millions)
Balance, January 1, 2010	$	—		$	—		$	—		$	831		$	—
Cumulative effect of accounting change	15			—			5			—			(4,962		)
Total gains (losses) included in:
Net income	(1		)(1)	1			1		(1)	72		(2)	(106		)(1)
Other comprehensive income	—			—			—			(64		)	—
Purchases, sales, issues and settlements, net	(8		)	3			4			(157		)	20
Balance, June 30, 2010	$	6		$	4		$	10		$	682		$	(5,048	)
Changes in unrealized gains (losses) included in income relating to assets and liabilities held at June 30, 2010	$	—		$	1	(1)	$	1	(1)	$	42	(3)	$	(106	)(1)

(1)Included in net investment income in the Consolidated Statements of Operations.

(2)Represents a $73 million gain included in other revenues and a $1 million loss included in net investment income in the Consolidated Statements of Operations.

(3)Represents a $43 million gain included in other revenues and a $1 million loss included in net investment income in the Consolidated Statements of Operations.

Schedule of fair value and unpaid principal balance of assets and liabilities carried at fair value under the fair value option

	June 30, 2011			December 31, 2010
	(in millions)
Syndicated loans
Unpaid principal balance	$	4,980		$	5,107
Excess estimated unpaid principal over fair value	(129		)	(240		)
Fair value	$	4,851		$	4,867
Fair value of loans more than 90 days past due	$	37		$	71
Fair value of loans in non-accrual status	37			71
Difference between fair value and unpaid principal of loans more than 90 days past due, loans in non-accrual status or both	26			62
Debt
Unpaid principal balance	$	5,740		$	5,893
Excess estimated unpaid principal over fair value	(506		)	(722		)
Fair value	$	5,234		$	5,171

Schedule of debt of the consolidated investment entities and the stated interest rates

	Carrying Value				Weighted Average Interest Rate
	June 30, 2011		December 31, 2010		June 30, 2011		December 31, 2010
	(in millions)
Debt of consolidated CDOs due 2012-2021	$	5,234	$	5,171	0.9	%	1.0	%
Floating rate revolving credit borrowings due 2014	419		329		5.4		5.6
Floating rate revolving credit borrowings due 2015	49		35		4.5		5.2
Total	$	5,702	$	5,535