Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2011

Derivatives and Hedging Activities

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

		Asset					Liability
	Balance Sheet	September 30,		December 31,		Balance Sheet	September 30,		December 31,
	Location	2011		2010		Location	2011		2010
		(in millions)					(in millions)
Derivatives designated as hedging instruments
Cash flow hedges
Asset-based distribution fees	Other assets	$	—	$	10	Other liabilities	$	—	$	—
Fair value hedges
Fixed rate debt	Other assets	160		61		Other liabilities	—		—
Total qualifying hedges		160		71			—		—
Derivatives not designated as hedging instruments
GMWB and GMAB
Interest rate contracts	Other assets	1,623		366		Other liabilities	1,073		379
Equity contracts	Other assets	1,245		354		Other liabilities	819		665
Credit contracts	Other assets	3		4		Other liabilities	—		1
Foreign currency contracts	Other assets	7		—		Other liabilities	5		—
Embedded derivatives (1)	N/A	—		—		Future policy benefits and claims	1,600		421
Total GMWB and GMAB		2,878		724			3,497		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	1		3
Stock market certificates	Other assets	18		89		Other liabilities	15		75
Stock market certificates embedded derivatives	N/A	—		—		Customer deposits	4		14
Ameriprise Financial Franchise
Advisor Deferred Equity Plan	Other assets	—		8		Other liabilities	3		—
Seed money	Other assets	1		—		Other liabilities	—		—
Foreign exchange
Foreign currency	Other assets	—		1		Other liabilities	1		1
Total other		19		100			24		93
Total non-designated hedges		2,897		824			3,521		1,559
Total derivatives		$	3,057	$	895		$	3,521	$	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						Nine Months Ended
Derivatives not designated as	Location of Gain (Loss) on	September 30,						September 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	$	582		$	141		$	644		$	352
Equity contracts	Benefits, claims, losses and settlement expenses	843			(354		)	593			220
Credit contracts	Benefits, claims, losses and settlement expenses	(3		)	(18		)	(10		)	(48		)
Foreign currency contracts	Benefits, claims, losses and settlement expenses	8			—			2			—
Embedded derivatives(1)	Benefits, claims, losses and settlement expenses	(1,284		)	(70		)	(1,179		)	(854		)
Total GMWB and GMAB		146			(301		)	50			(330		)
Other derivatives:
Interest rate
Interest rate lock commitments	Other revenues	—			—			(1		)	—
Equity
GMDB	Benefits, claims, losses and settlement expenses	—			(5		)	—			—
EIA	Interest credited to fixed accounts	(1		)	1			(1		)	1
EIA embedded derivatives	Interest credited to fixed accounts	—			1			1			7
Stock market certificates	Banking and deposit interest expense	(4		)	6			(1		)	4
Stock market certificates embedded derivatives	Banking and deposit interest expense	4			(6		)	2			(4		)
Seed money	Net investment income	12			(3		)	9			—
Ameriprise Financial Franchise Advisor Deferred Equity Plan	Distribution expenses	(11		)	—			(11		)	—
Foreign exchange
Seed money	General and administrative expense	—			(1		)	—			—
Foreign currency	Net investment income	(2		)	1			(1		)	1
Total other		(2		)	(6		)	(3		)	9
Total derivatives		$	144		$	(307	)	$	47		$	(321	)

(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)	$	88	$	11
2012	322		39
2013	299		25
2014	273		22
2015	245		21
2016-2026	970		38

(1) 2011 amounts represent the amounts payable and receivable for the period from October 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 September 30,				Nine Months Ended September 30,
Derivatives designated as hedging instruments	2011		2010		2011		2010
	(in millions)
Interest on debt	$	—	$	—	$	—	$	(10	)
Asset-based distribution fees	—		10		1		19
Total	$	—	$	10	$	1	$	9

	Amount of Gain (Loss) Reclassified from Accumulated
	Other Comprehensive Income into Income
Location of Gain (Loss) Reclassified from Accumulated	Three Months Ended September 30,						Nine Months Ended September 30,
Other Comprehensive Income into Income	2011			2010			2011			2010
	(in millions)
Other revenues	$	—		$	—		$	27		$	—
Interest and debt expense	1			3			3			7
Distribution fees	—			6			9			6
Net investment income	(1		)	(2		)	(4		)	(5		)
Total	$	—		$	7		$	35		$	8

Schedule of designated fair value hedges

		Amount of Gain Recognized in Income on Derivatives
Derivatives designated	Location of Gain	Three Months Ended September 30,				Nine Months Ended September 30,
as hedging instruments	Recorded into Income	2011		2010		2011		2010
		(in millions)				(in millions)
Fixed rate debt	Interest and debt expense	$	11	$	10	$	31	$	27