Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2011

Derivatives and Hedging Activities

Schedule of gross fair value of derivative instruments, including embedded derivatives

		Asset					Liability
Derivatives designated	Balance Sheet	June 30,		December 31,		Balance Sheet	June 30,		December 31,
as hedging instruments	Location	2011		2010		Location	2011		2010
		(in millions)					(in millions)
Cash flow hedges
Asset-based distribution fees	Other assets	$	—	$	10	Other liabilities	$	—	$	—
Fair value hedges
Fixed rate debt	Other assets	82		61		Other liabilities	—		—
Total qualifying hedges		82		71			—		—
Derivatives not designated as hedging instruments
GMWB and GMAB
Interest rate contracts	Other assets	464		366		Other liabilities	451		379
Equity contracts	Other assets	342		354		Other liabilities	780		665
Credit contracts	Other assets	1		4		Other liabilities	1		1
Foreign currency contracts	Other assets	2		—		Other liabilities	2		—
Embedded derivatives(1)	N/A	—		—		Future policy benefits and claims	316		421
Total GMWB and GMAB		809		724			1,550		1,466
Other derivatives:
Interest rate
Interest rate lock commitments	Other assets	—		1		Other liabilities	—		—
Equity
EIA	Other assets	—		1		Other liabilities	—		—
EIA embedded derivatives	N/A	—		—		Future policy benefits and claims	2		3
Stock market certificates	Other assets	71		89		Other liabilities	61		75
Stock market certificates embedded derivatives	N/A	—		—		Customer deposits	10		14
Ameriprise Financial Franchise Advisor Deferred Equity Plan	Other assets	8		8		Other liabilities	—		—
Foreign exchange
Foreign currency	Other assets	1		1		Other liabilities	—		1
Total other		80		100			73		93
Total non-designated hedges		889		824			1,623		1,559
Total derivatives		$	971	$	895		$	1,623	$	1,559

N/A  Not applicable.

(1) The fair values of GMWB and GMAB embedded derivatives fluctuate based on changes in equity, interest rate and credit markets.

Schedule of derivatives not designated as hedging instruments

		Amount of Gain (Loss) on
		Derivatives Recognized in Income
		Three Months Ended						Six Months Ended
Derivatives not designated as	Location of Gain (Loss) on	June 30,						June 30,
hedging instruments	Derivatives Recognized in Income	2011			2010			2011			2010
		(in millions)
GMWB and GMAB
Interest rate contracts	Benefits, claims, losses and settlement expenses	$	87		$	185		$	62		$	211
Equity contracts	Benefits, claims, losses and settlement expenses	5			747			(250		)	574
Credit contracts	Benefits, claims, losses and settlement expenses	(5		)	(20		)	(7		)	(30		)
Foreign currency contracts	Benefits, claims, losses and settlement expenses	(4		)	—			(6		)	—
Embedded derivatives(1)	Benefits, claims, losses and settlement expenses	(125		)	(890		)	105			(784		)
Total GMWB and GMAB		(42		)	22			(96		)	(29		)
Other derivatives:
Interest rate
Interest rate lock commitments	Other revenues	—			—			(1		)	—
Equity
GMDB	Benefits, claims, losses and settlement expenses	—			8			—			5
EIA	Interest credited to fixed accounts	(1		)	(1		)	—			—
EIA embedded derivatives	Interest credited to fixed accounts	1			4			1			6
Stock market certificates	Banking and deposit interest expense	—			(5		)	3			(2		)
Stock market certificates embedded derivatives	Banking and deposit interest expense	1			5			(2		)	2
Seed money	Net investment income	—			5			(3		)	3
Ameriprise Financial Franchise Advisor Deferred Equity Plan	Distribution expenses	(2		)	—			—			—
Foreign exchange
Seed money	General and administrative expense	—			(1		)	—			1
Foreign currency	Net investment income	1			—			1			—
Total other		—			15			(1		)	15
Total derivatives		$	(42	)	$	37		$	(97	)	$	(14	)

(1) The fair values of GMWB and GMAB embedded derivatives fluctuate based on changes in equity, interest rate and credit markets.

Schedule of payments to make and receive for options

	Premiums Payable		Premiums Receivable
	(in millions)
2011(1)	$	151	$	21
2012	285		40
2013	262		25
2014	236		22
2015	212		21
2016-2026	813		38

(1) 2011 amounts represent the amounts payable and receivable for the period from July 1, 2011 to December 31, 2011.

Schedule of designated cash flow hedges

	Amount of Gain (Loss) Recognized in
	Other Comprehensive Income on Derivatives
	Three Months Ended June 30,				Six Months Ended June 30,
Derivatives designated as hedging instruments	2011		2010		2011		2010
	(in millions)
Interest on debt	$	—	$	—	$	—	$	(10	)
Asset-based distribution fees	—		9		1		9
Total	$	—	$	9	$	1	$	(1	)

	Amount of Gain (Loss) Reclassified from Accumulated
	Other Comprehensive Income into Income
Location of Gain (Loss) Reclassified from Accumulated	Three Months Ended June 30,						Six Months Ended June 30,
Other Comprehensive Income into Income	2011			2010			2011			2010
	(in millions)
Other revenues	$	27		$	—		$	27		$	—
Interest and debt expense	1			2			2			4
Distribution fees	4			—			9			—
Net investment income	(2		)	(1		)	(3		)	(3		)
Total	$	30		$	1		$	35		$	1

Schedule of designated fair value hedges

		Amount of Gain Recognized in Income on Derivatives
Derivatives designated	Location of Gain	Three Months Ended June 30,				Six Months Ended June 30,
as hedging instruments	Recorded into Income	2011		2010		2011		2010
		(in millions)				(in millions)
Fixed rate debt	Interest and debt expense	$	10	$	—	$	20	$	6
Total		$	10	$	—	$	20	$	6