Goodwill and Other Intangible Assets (tables)

6 Months Ended

Jun. 30, 2016

Goodwill and Other Intangible Assets disclosure

Goodwill by segment [Table Text Block]

(in millions)	June 30, 2016		December 31,  2015
Business and International Insurance (1)	$	2,454	$	2,439
Bond & Specialty Insurance	496		496
Personal Insurance	612		612
Other	26		26
Total	$	3,588	$	3,573

(1) Includes goodwill associated with the Company’s international business which is subject to the impact of changes in foreign currency exchange rates.

Other intangible assets [Table Text Block]

(at June 30, 2016, in millions)	Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization (1)	$	210	$	153	$	57
Not subject to amortization	217		—		217
Total	$	427	$	153	$	274

(at December 31, 2015, in millions)	Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization (1)	$	210	$	148	$	62
Not subject to amortization	217		—		217
Total	$	427	$	148	$	279

(1) Intangible assets subject to amortization are comprised of fair value adjustments on claims and claim adjustment expense reserves, reinsurance recoverables and other contract and customer-related intangibles.  The time value of money and the risk adjustment (cost of capital) components of the intangible asset run off at different rates, and, as such, the amount recognized in income may be a net benefit in some periods and a net expense in other periods.