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FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2012
Notes to Financial Statements [Abstract] |
Carrying Value and Fair Value of Financial Instruments Disclosure | The carrying values and estimated fair values of the Company’s financial instruments were as follows:
| March 31, 2012 |  | December 31, 2011
(In millions) | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Assets: |  |  |  |  |  |  |
Fixed-maturity securities | $ | 89,502 |  |  | $ | 89,219 |  |  | $ | 88,588 |  |  | $ | 88,039 |
Fixed-maturity securities - consolidated variable interest entities | 5,854 |  |  | 5,747 |  |  | 5,993 |  |  | 5,916 |
Perpetual securities | 4,159 |  |  | 4,159 |  |  | 5,149 |  |  | 5,149 |
Perpetual securities - consolidated variable interest entities | 1,193 |  |  | 1,193 |  |  | 1,290 |  |  | 1,290 |
Equity securities | 25 |  |  | 25 |  |  | 25 |  |  | 25 |
Interest rate, foreign currency, and credit default swaps | 318 |  |  | 318 |  |  | 375 |  |  | 375 |
Liabilities: |  |  |  |  |  |  |
Notes payable (excluding capitalized leases) | 3,955 |  |  | 4,354 |  |  | 3,275 |  |  | 3,536 |
Interest rate, foreign currency, and credit default swaps | 428 |  |  | 428 |  |  | 531 |  |  | 531 |
Obligation to Japanese policyholder protection corporation | 47 |  |  | 47 |  |  | 71 |  |  | 71 |
Fair Value Hierarchy, Assets and Liabilities Measured on Recurring Basis | The following tables present the fair value hierarchy levels of the Company's assets and liabilities that are measured and carried at fair value on a recurring basis.
| March 31, 2012
(In millions) | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Fair Value
Assets: |  |  |  |  |  |  |
Securities available for sale, carried at fair value: |  |  |  |  |  |  |
Fixed maturities: |  |  |  |  |  |  |
Government and agencies | $ | 9,965 |  |  | $ | 764 |  |  | $ | 0 |  |  | $ | 10,729 |
Municipalities | 0 |  |  | 1,163 |  |  | 0 |  |  | 1,163 |
Mortgage- and asset-backed securities | 0 |  |  | 897 |  |  | 367 |  |  | 1,264 |
Public utilities | 0 |  |  | 6,926 |  |  | 409 |  |  | 7,335 |
Sovereign and supranational | 0 |  |  | 1,787 |  |  | 418 |  |  | 2,205 |
Banks/financial institutions | 0 |  |  | 6,612 |  |  | 1,097 |  |  | 7,709 |
Other corporate | 0 |  |  | 15,082 |  |  | 1,035 |  |  | 16,117 |
Total fixed maturities | 9,965 |  |  | 33,231 |  |  | 3,326 |  |  | 46,522 |
Perpetual securities: |  |  |  |  |  |  |
Banks/financial institutions | 0 |  |  | 4,676 |  |  | 325 |  |  | 5,001 |
Other corporate | 0 |  |  | 351 |  |  | 0 |  |  | 351 |
Total perpetual securities | 0 |  |  | 5,027 |  |  | 325 |  |  | 5,352 |
Equity securities | 15 |  |  | 6 |  |  | 4 |  |  | 25 |
Other assets: |  |  |  |  |  |  |
Interest rate swaps | 0 |  |  | 0 |  |  | 31 |  |  | 31 |
Foreign currency swaps | 0 |  |  | 47 |  |  | 240 |  |  | 287 |
Total other assets | 0 |  |  | 47 |  |  | 271 |  |  | 318 |
Cash and cash equivalents | 2,210 |  |  | 0 |  |  | 0 |  |  | 2,210 |
Total assets | $ | 12,190 |  |  | $ | 38,311 |  |  | $ | 3,926 |  |  | $ | 54,427 |
Liabilities: |  |  |  |  |  |  |
Interest rate swaps | $ | 0 |  |  | $ | 0 |  |  | $ | 3 |  |  | $ | 3 |
Foreign currency swaps | 0 |  |  | 9 |  |  | 319 |  |  | 328 |
Credit default swaps | 0 |  |  | 0 |  |  | 97 |  |  | 97 |
Total liabilities | $ | 0 |  |  | $ | 9 |  |  | $ | 419 |  |  | $ | 428 |
| December 31, 2011
(In millions) | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Fair Value
Assets: |  |  |  |  |  |  |
Securities available for sale, carried at fair value: |  |  |  |  |  |  |
Fixed maturities: |  |  |  |  |  |  |
Government and agencies | $ | 11,092 |  |  | $ | 721 |  |  | $ | 0 |  |  | $ | 11,813 |
Municipalities | 0 |  |  | 1,159 |  |  | 0 |  |  | 1,159 |
Mortgage- and asset-backed securities | 0 |  |  | 944 |  |  | 394 |  |  | 1,338 |
Public utilities | 0 |  |  | 6,803 |  |  | 422 |  |  | 7,225 |
Sovereign and supranational | 0 |  |  | 1,874 |  |  | 434 |  |  | 2,308 |
Banks/financial institutions | 0 |  |  | 6,379 |  |  | 1,074 |  |  | 7,453 |
Other corporate | 0 |  |  | 15,171 |  |  | 1,105 |  |  | 16,276 |
Total fixed maturities | 11,092 |  |  | 33,051 |  |  | 3,429 |  |  | 47,572 |
Perpetual securities: |  |  |  |  |  |  |
Banks/financial institutions | 0 |  |  | 5,552 |  |  | 526 |  |  | 6,078 |
Other corporate | 0 |  |  | 361 |  |  | 0 |  |  | 361 |
Total perpetual securities | 0 |  |  | 5,913 |  |  | 526 |  |  | 6,439 |
Equity securities | 15 |  |  | 6 |  |  | 4 |  |  | 25 |
Other assets: |  |  |  |  |  |  |
Interest rate swaps | 0 |  |  | 0 |  |  | 34 |  |  | 34 |
Foreign currency swaps | 0 |  |  | 0 |  |  | 341 |  |  | 341 |
Total other assets | 0 |  |  | 0 |  |  | 375 |  |  | 375 |
Cash and cash equivalents | 2,249 |  |  | 0 |  |  | 0 |  |  | 2,249 |
Total assets | $ | 13,356 |  |  | $ | 38,970 |  |  | $ | 4,334 |  |  | $ | 56,660 |
Liabilities: |  |  |  |  |  |  |
Interest rate swaps | $ | 0 |  |  | $ | 0 |  |  | $ | 4 |  |  | $ | 4 |
Foreign currency swaps | 0 |  |  | 0 |  |  | 397 |  |  | 397 |
Credit default swaps | 0 |  |  | 0 |  |  | 130 |  |  | 130 |
Total liabilities | $ | 0 |  |  | $ | 0 |  |  | $ | 531 |  |  | $ | 531 |
Fair Value Hierarchy Levels of Assets and Liabilities Carried at Cost or Amortized Cost | The following tables present the fair values categorized by hierarchy levels for the Company's assets and liabilities that are carried at cost or amortized cost and for which fair value is disclosed.
| March 31, 2012
(In millions) | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Fair Value
Assets: |  |  |  |  |  |  |
Securities held to maturity, carried at amortized cost: |  |  |  |  |  |  |
Fixed maturities: |  |  |  |  |  |  |
Government and agencies | $ | 23,067 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 23,067 |
Municipalities | 0 |  |  | 550 |  |  | 0 |  |  | 550 |
Mortgage- and asset-backed securities | 0 |  |  | 35 |  |  | 86 |  |  | 121 |
Public utilities | 0 |  |  | 5,207 |  |  | 0 |  |  | 5,207 |
Sovereign and supranational | 0 |  |  | 3,953 |  |  | 0 |  |  | 3,953 |
Banks/financial institutions | 0 |  |  | 10,878 |  |  | 0 |  |  | 10,878 |
Other corporate | 0 |  |  | 4,668 |  |  | 0 |  |  | 4,668 |
Total assets | $ | 23,067 |  |  | $ | 25,291 |  |  | $ | 86 |  |  | $ | 48,444 |
Liabilities: |  |  |  |  |  |  |
Notes payable (excluding capital leases) | $ | 0 |  |  | $ | 0 |  |  | $ | 4,354 |  |  | $ | 4,354 |
Obligation to Japanese policyholder protection corporation | 0 |  |  | 0 |  |  | 47 |  |  | 47 |
Total liabilities | $ | 0 |  |  | $ | 0 |  |  | $ | 4,401 |  |  | $ | 4,401 |
| December 31, 2011
(In millions) | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Fair Value
Assets: |  |  |  |  |  |  |
Securities held to maturity, carried at amortized cost: |  |  |  |  |  |  |
Fixed maturities: |  |  |  |  |  |  |
Government and agencies | $ | 19,071 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 19,071 |
Municipalities | 0 |  |  | 584 |  |  | 0 |  |  | 584 |
Mortgage- and asset-backed securities | 0 |  |  | 39 |  |  | 95 |  |  | 134 |
Public utilities | 0 |  |  | 5,637 |  |  | 0 |  |  | 5,637 |
Sovereign and supranational | 0 |  |  | 4,165 |  |  | 0 |  |  | 4,165 |
Banks/financial institutions | 0 |  |  | 11,480 |  |  | 0 |  |  | 11,480 |
Other corporate | 0 |  |  | 5,312 |  |  | 0 |  |  | 5,312 |
Total assets | $ | 19,071 |  |  | $ | 27,217 |  |  | $ | 95 |  |  | $ | 46,383 |
Liabilities: |  |  |  |  |  |  |
Notes payable (excluding capital leases) | $ | 0 |  |  | $ | 0 |  |  | $ | 3,536 |  |  | $ | 3,536 |
Obligation to Japanese policyholder protection corporation | 0 |  |  | 0 |  |  | 71 |  |  | 71 |
Total liabilities | $ | 0 |  |  | $ | 0 |  |  | $ | 3,607 |  |  | $ | 3,607 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following tables present the changes in our available-for-sale investments and derivatives classified as Level 3.
Three Months Ended March 31, 2012
| Fixed Maturities |  | Perpetual Securities |  | Equity Securities |  | Derivatives |  |  |
(In millions) | Mortgage- and Asset- Backed Securities |  | Public Utilities |  | Sovereign and Supranational |  | Banks/ Financial Institutions |  | Other Corporate |  | Banks/ Financial Institutions |  |  |  | Interest Rate Swaps |  | Foreign Currency Swaps |  | Credit Default Swaps |  | Total |
Balance, beginning of period | $ | 394 |  |  | $ | 422 |  |  | $ | 434 |  |  | $ | 1,074 |  |  | $ | 1,105 |  |  | $ | 526 |  |  | $ | 4 |  |  | $ | 30 |  |  | $ | (56 | ) |  | $ | (130 | ) |  | $ | 3,803 |  |
Realized gains or losses included in earnings | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 2 |  |  | 49 |  |  | 0 |  |  | (2 | ) |  | 13 |  |  | 33 |  |  | 95 |  |
Unrealized gains or losses included in other comprehensive income | (23 | ) |  | (13 | ) |  | (16 | ) |  | 23 |  |  | (38 | ) |  | 6 |  |  | 0 |  |  | 0 |  |  | (12 | ) |  | 0 |  |  | (73 | ) |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |
Issuances | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |
Sales | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (34 | ) |  | (256 | ) |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (290 | ) |
Settlements | (4 | ) |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (24 | ) |  | 0 |  |  | (28 | ) |
Transfers into Level 3 | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |
Transfers out of Level 3 | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |
Balance, end of period | $ | 367 |  |  | $ | 409 |  |  | $ | 418 |  |  | $ | 1,097 |  |  | $ | 1,035 |  |  | $ | 325 |  |  | $ | 4 |  |  | $ | 28 |  |  | $ | (79 | ) |  | $ | (97 | ) |  | $ | 3,507 |  |
Change in unrealized gains (losses) still held (1) | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | (2 | ) |  | $ | 13 |  |  | $ | 33 |  |  | $ | 44 |  |
(1)Represents the amount of total gains or losses for the period, included in earnings, attributable to the change in unrealized gains (losses) relating to assets classified as Level 3 that were still held at March 31, 2012
Three Months Ended March 31, 2011
| Fixed Maturities |  | Perpetual Securities |  | Equity Securities |  | Derivatives |  |
(In millions) | Mortgage- and Asset- Backed Securities |  | Public Utilities |  | Collateralized Debt Obligations |  | Sovereign and Supranational |  | Banks/ Financial Institutions |  | Other Corporate |  | Banks/ Financial Institutions |  |  |  | Foreign Currency Swaps |  | Credit Default Swaps |  | Total
Balance, beginning of period | $ | 267 |  |  | $ | 0 |  |  | $ | 5 |  |  | $ | 0 |  |  | $ | 386 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 4 |  |  | $ | 241 |  |  | $ | (343 | ) |  | $ | 560 |
Realized gains or losses included in earnings | (6 | ) |  | 0 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (64 | ) |  | 5 |  |  | (64 | )
Unrealized gains or losses included in other comprehensive income | (10 | ) |  | 0 |  |  | 0 |  |  | 0 |  |  | 33 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (51 | ) |  | 0 |  |  | (28 | )
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Issuances | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Sales | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Settlements | (3 | ) |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (3 | )
Transfers into Level 3 | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Transfers out of Level 3 | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Balance, end of period | $ | 248 |  |  | $ | 0 |  |  | $ | 5 |  |  | $ | 0 |  |  | $ | 420 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 4 |  |  | $ | 126 |  |  | $ | (338 | ) |  | $ | 465 |
Change in unrealized gains (losses) still held(1) | $ | (6 | ) |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 1 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | (64 | ) |  | $ | 5 |  |  | $ | (64 | )
(1)Represents the amount of total gains or losses for the period, included in earnings, attributable to the change in unrealized gains (losses) relating to assets classified as Level 3 that were still held at March 31, 2011
Discounted Cash Flow Pricing Model Sensitivity Analysis | The estimated effect of potential changes in interest rates, credit spreads and interest rate volatility on these fair values as of such date is as follows:
| Interest Rates |  |  |  | Credit Spreads |  |  |  | Interest Rate Volatility |
Factor Change |  | Change in fair value (in millions) |  | Factor change |  | Change in fair value (in millions) |  | Factor change |  | Change in fair value (in millions)
| +50 bps |  |  |  | $ | (978 | ) |  |  |  | +50 bps |  |  |  | $ | (975 | ) |  |  |  | +50 % |  |  |  | $ | (36 | ) |
| -50 bps |  |  |  | 999 |  |  |  |  | -50 bps |  |  |  | 1,011 |  |  |  |  | -50 % |  |  |  | 1 |  |
The fair values of our held-to-maturity fixed-maturity securities valued by our DCF pricing model totaled $23.9 billion at March 31, 2012. The estimated effect of potential changes in interest rates, credit spreads and interest rate volatility on these fair values as of such date is as follows:
| Interest Rates |  |  |  | Credit Spreads |  |  |  | Interest Rate Volatility |
Factor Change |  | Change in fair value (in millions) |  | Factor change |  | Change in fair value (in millions) |  | Factor change |  | Change in fair value (in millions)
| +50 bps |  |  |  | $ | (1,488 | ) |  |  |  | +50 bps |  |  |  | $ | (1,379 | ) |  |  |  | +50 % |  |  |  | $ | (132 | ) |
| -50 bps |  |  |  | 1,314 |  |  |  |  | -50 bps |  |  |  | 1,380 |  |  |  |  | -50 % |  |  |  | 167 |  |
Fair Value Inputs Assets Quantitative Information | The following tables summarize the significant unobservable inputs used in the valuation of our Level 3 available-for-sale investments and derivatives. Included in the tables are the inputs or range of possible inputs that have an effect on the overall valuation of the financial instruments.
March 31, 2012
(In millions) |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input |  | Range (Weighted Average) |
Assets: |  |  |  |  |  |  |  |  |
Securities available for sale, carried at fair value: |  |  |  |  |  |  |  |  |
Fixed maturities: |  |  |  |  |  |  |  |  |
Mortgage- and asset-backed securities |  | $ | 367 |  |  | Consensus pricing |  | Offered quotes |  | N/A | (e)
Public utilities |  | 409 |  |  | Discounted cash flow |  | Historical volatility |  | 8.85% |
Sovereign and supranational |  | 418 |  |  | Discounted cash flow |  | Historical volatility |  | 8.85% |
Banks/financial institutions |  | 547 |  |  | Discounted cash flow |  | Historical volatility |  | 8.85% |
|  | 550 |  |  | Consensus pricing |  | Offered quotes |  | N/A | (e)
Other corporate |  | 594 |  |  | Discounted cash flow |  | Historical volatility |  | 8.85% |
|  | 441 |  |  | Consensus pricing |  | Offered quotes |  | N/A | (e)
Perpetual securities: |  |  |  |  |  |  |  |  |
Banks/financial institutions |  | 325 |  |  | Discounted cash flow |  | Historical volatility |  | 8.85% |
Equity securities |  | 4 |  |  | Net asset value |  | Offered quotes |  | $0-$993 ($4) |
Other assets: |  |  |  |  |  |  |  |  |
Interest rate swaps |  | 31 |  |  | Discounted cash flow |  | Base correlation |  | 44% - 52% | (a)
|  |  |  |  |  | CDS spreads |  | 3 - 1673 (136) bps |
|  |  |  |  |  | Recovery rate |  | 25% - 70% (40%) |
Foreign currency swaps |  | 81 |  |  | Discounted cash flow |  | Interest rates (USD) |  | 2.29% - 3.05% | (c)
|  |  |  |  |  | Interest rates (JPY) |  | 1.04% - 2.00% | (d)
|  |  |  |  |  | CDS spreads |  | 6 - 157 (112) bps |
|  |  |  |  |  | Foreign exchange rates |  | 20.69% | (b)
|  | 46 |  |  | Discounted cash flow |  | Interest rates (USD) |  | 2.29% - 3.05% | (c)
|  |  |  |  |  | Interest rates (JPY) |  | 1.04% - 2.00% | (d)
|  |  |  |  |  | CDS spreads |  | 13 - 190 (97) bps |
|  | 113 |  |  | Discounted cash flow |  | Interest rates (USD) |  | 2.29% - 3.05% | (c)
|  |  |  |  |  | Interest rates (JPY) |  | 1.04% - 2.00% | (d)
|  |  |  |  |  | Foreign exchange rates |  | 20.69% | (b)
Total assets |  | $ | 3,926 |  |  |  |  |  |  |  |
Fair Value Inputs Liabilities Quantitative Information |
March 31, 2012
(In millions) |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input |  | Range (Weighted Average) |
Liabilities: |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 3 |  |  | Discounted cash flow |  | Base correlation |  | 44% - 52% | (a)
|  |  |  |  |  | CDS spreads |  | 3 - 1673 (136) bps |
|  |  |  |  |  | Recovery rate |  | 25% - 70% (40%) |
Foreign currency swaps |  | 91 |  |  | Discounted cash flow |  | Interest rates (USD) |  | 2.29% - 3.05% | (c)
|  |  |  |  |  | Interest rates (JPY) |  | 1.04% - 2.00% | (d)
|  |  |  |  |  | CDS spreads |  | 14 - 239 (128) bps |
|  |  |  |  |  | Foreign exchange rates |  | 20.69% | (b)
|  | 21 |  |  | Discounted cash flow |  | Interest rates (USD) |  | 2.29% - 3.05% | (c)
|  |  |  |  |  | Interest rates (JPY) |  | 1.04% - 2.00% | (d)
|  |  |  |  |  | CDS spreads |  | 11 - 359 (214) bps |
|  | 207 |  |  | Discounted cash flow |  | Interest rates (USD) |  | 2.29% - 3.05% | (c)
|  |  |  |  |  | Interest rates (JPY) |  | 1.04% - 2.00% | (d)
|  |  |  |  |  | Foreign exchange rates |  | 20.69% | (b)
Credit default swaps |  | 97 |  |  | Discounted cash flow |  | Base correlations |  | 44% - 52% | (a)
|  |  |  |  |  | CDS spreads |  | 3 - 1673 (136) bps |
|  |  |  |  |  | Recovery rate |  | 25% - 70% (40%) |
Total liabilities |  | $ | 419 |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments, carried at cost or amortized cost whose fair values are only disclosed. The disclosures contemplated herein include the fair value at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References No definition available. + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19279-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 14 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15 -Subparagraph b-d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13476-108611 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 10 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13467-108611 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 18 -Subparagraph c(2), d, e, f -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a, c(1), c(2), c(3), d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 19 -Subparagraph a, b, c(1), d(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 820 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19190-110258 + Details
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