|
DEBT (Details) (USD $)
In Millions, unless otherwise specified |
1 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2012
|
Dec. 31, 2011
|
Sep. 30, 2012
Level 2
|
Sep. 30, 2011
Level 2
|
Sep. 30, 2012
Level 3
|
Sep. 30, 2012
VIEs
Assets management business in Europe
|
Aug. 31, 2012
3.32% fixed rate term loan credit facility due 2013
|
Jun. 30, 2012
3.20% senior notes due 2017
|
|
| Debt Issued | ||||||||
| Amount of fixed rate term loan credit facility | $ 300 | |||||||
| Interest rate | 3.32% | 3.20% | ||||||
| Debt issued, aggregate amount | 100 | 600 | ||||||
| Variable base rate | LIBOR | |||||||
| Interest rate on variable base rate | 1.38% | |||||||
| Percentage of ownership interest in the finance subsidiary, which issued the senior notes | 100.00% | |||||||
| Net proceeds from unsecured senior notes, after deducting underwriters commissions and offering expenses | 595 | |||||||
| Increase in long-term debt as a result of acquisition | 333 | |||||||
| Long-term debt, including current portion, carrying value | 4,456 | 3,362 | ||||||
| Long-term debt, including current portion, fair value | $ 4,607 | $ 3,676 | $ 237 | $ 333 | ||||