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DERIVATIVE INSTRUMENTS (Tables) | 3 Months Ended
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Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value and Notional Amount of Derivatives with Counterparty Credit Risk | The counterparties to these derivatives are financial institutions with the following credit ratings:
| March 31, 2014 | December 31, 2013
(In millions) | Notional Amount of Derivatives | Asset Derivatives Fair Value | Liability Derivatives Fair Value | Notional Amount of Derivatives | Asset Derivatives Fair Value | Liability Derivatives Fair Value
Counterparties' credit rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AA |  | $ | 161 |  |  |  | $ | 0 |  |  |  | $ | (7 | ) |  |  | $ | 161 |  |  |  | $ | 1 |  |  |  | $ | (7 | ) |
A |  | 28,065 |  |  |  | 523 |  |  |  | (351 | ) |  |  | 22,314 |  |  |  | 487 |  |  |  | (830 | ) |
Total |  | $ | 28,226 |  |  |  | $ | 523 |  |  |  | $ | (358 | ) |  |  | $ | 22,475 |  |  |  | $ | 488 |  |  |  | $ | (837 | ) |
Maximum Potential Risk, Fair Value, Weighted Average Years to Maturity, and Underlying Referenced Credit Obligation Type for Credit Derivatives | The following tables present the maximum potential risk, fair value, weighted-average years to maturity, and underlying referenced credit obligation type for credit default swaps within consolidated VIE structures.
March 31, 2014
|  | Less than one year |  | One to three years |  | Three to five years |  | Five to ten years |  | Total
(In millions) | Credit Rating | Maximum potential risk |  | Estimated fair value |  | Maximum potential risk |  | Estimated fair value |  | Maximum potential risk |  | Estimated fair value |  | Maximum potential risk |  | Estimated fair value |  | Maximum potential risk |  | Estimated fair value
Index exposure: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| A | $ | (115 | ) |  | $ | 1 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | (115 | ) |  | $ | 1 |
| BBB | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (97 | ) |  | (2 | ) |  | 0 |  |  | 0 |  |  | (97 | ) |  | (2 | )
Total |  | $ | (115 | ) |  | $ | 1 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | (97 | ) |  | $ | (2 | ) |  | $ | 0 |  |  | $ | 0 |  |  | $ | (212 | ) |  | $ | (1 | )
December 31, 2013
|  | Less than one year |  | One to three years |  | Three to five years |  | Five to ten years |  | Total
(In millions) | Credit Rating | Maximum potential risk |  | Estimated fair value |  | Maximum potential risk |  | Estimated fair value |  | Maximum potential risk |  | Estimated fair value |  | Maximum potential risk |  | Estimated fair value |  | Maximum potential risk |  | Estimated fair value
Index exposure: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| A | $ | 0 |  |  | $ | 0 |  |  | $ | (112 | ) |  | $ | 1 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | (112 | ) |  | $ | 1 |
| BBB | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (95 | ) |  | (4 | ) |  | (95 | ) |  | (4 | )
Total |  | $ | 0 |  |  | $ | 0 |  |  | $ | (112 | ) |  | $ | 1 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | (95 | ) |  | $ | (4 | ) |  | $ | (207 | ) |  | $ | (3 | )
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The tables below summarize the balance sheet classification of our derivative fair value amounts, as well as the gross asset and liability fair value amounts. The fair value amounts presented do not include income accruals. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated. Notional amounts are not reflective of credit risk.
|  | March 31, 2014 |
(In millions) | Net Derivatives |  | Asset Derivatives |  | Liability Derivatives
Hedge Designation/ Derivative Type | Notional Amount |  | Fair Value |  | Fair Value |  | Fair Value
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency swaps |  | $ | 75 |  |  |  |  | $ | 2 |  |  |  |  | $ | 2 |  |  |  |  | $ | 0 |  |
Interest rate swaps |  | 53 |  |  |  |  | 0 |  |  |  |  | 0 |  |  |  |  | 0 |  |
Total cash flow hedges |  | 128 |  |  |  |  | 2 |  |  |  |  | 2 |  |  |  |  | 0 |  |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forwards |  | 12,077 |  |  |  |  | (11 | ) |  |  |  | 48 |  |  |  |  | (59 | ) |
Interest rate swaptions |  | 3,678 |  |  |  |  | (49 | ) |  |  |  | 12 |  |  |  |  | (61 | ) |
Total fair value hedges |  | 15,755 |  |  |  |  | (60 | ) |  |  |  | 60 |  |  |  |  | (120 | ) |
Net investment hedge: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forwards |  | 0 |  |  |  |  | 10 |  |  |  |  | 10 |  |  |  |  | 0 |  |
Foreign currency options |  | 510 |  |  |  |  | 3 |  |  |  |  | 26 |  |  |  |  | (23 | ) |
Total net investment hedge |  | 510 |  |  |  |  | 13 |  |  |  |  | 36 |  |  |  |  | (23 | ) |
Non-qualifying strategies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency swaps |  | 5,679 |  |  |  |  | 218 |  |  |  |  | 424 |  |  |  |  | (206 | ) |
Credit default swaps |  | 212 |  |  |  |  | (1 | ) |  |  |  | 1 |  |  |  |  | (2 | ) |
Interest rate swaps |  | 115 |  |  |  |  | 0 |  |  |  |  | 0 |  |  |  |  | 0 |  |
Interest rate swaptions |  | 12 |  |  |  |  | 0 |  |  |  |  | 0 |  |  |  |  | 0 |  |
Futures |  | 5,815 |  |  |  |  | (7 | ) |  |  |  | 0 |  |  |  |  | (7 | ) |
Total non-qualifying strategies |  | 11,833 |  |  |  |  | 210 |  |  |  |  | 425 |  |  |  |  | (215 | ) |
Total derivatives |  | $ | 28,226 |  |  |  |  | $ | 165 |  |  |  |  | $ | 523 |  |  |  |  | $ | (358 | ) |
Balance Sheet Location |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  | $ | 8,563 |  |  |  |  | $ | 523 |  |  |  |  | $ | 523 |  |  |  |  | $ | 0 |  |
Other liabilities |  | 19,663 |  |  |  |  | (358 | ) |  |  |  | 0 |  |  |  |  | (358 | ) |
Total derivatives |  | $ | 28,226 |  |  |  |  | $ | 165 |  |  |  |  | $ | 523 |  |  |  |  | $ | (358 | ) |
|  | December 31, 2013 |
(In millions) | Net Derivatives |  | Asset Derivatives |  | Liability Derivatives
Hedge Designation/ Derivative Type | Notional Amount |  | Fair Value |  | Fair Value |  | Fair Value
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency swaps |  | $ | 75 |  |  |  |  | $ | 3 |  |  |  |  | $ | 3 |  |  |  |  | $ | 0 |  |
Interest rate swaps |  | 52 |  |  |  |  | 0 |  |  |  |  | 0 |  |  |  |  | 0 |  |
Total cash flow hedges |  | 127 |  |  |  |  | 3 |  |  |  |  | 3 |  |  |  |  | 0 |  |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forwards |  | 11,249 |  |  |  |  | (582 | ) |  |  |  | 0 |  |  |  |  | (582 | ) |
Interest rate swaptions |  | 4,500 |  |  |  |  | (12 | ) |  |  |  | 20 |  |  |  |  | (32 | ) |
Total fair value hedges |  | 15,749 |  |  |  |  | (594 | ) |  |  |  | 20 |  |  |  |  | (614 | ) |
Net investment hedge: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forwards |  | 356 |  |  |  |  | 17 |  |  |  |  | 17 |  |  |  |  | 0 |  |
Foreign currency options |  | 95 |  |  |  |  | 3 |  |  |  |  | 4 |  |  |  |  | (1 | ) |
Total net investment hedge |  | 451 |  |  |  |  | 20 |  |  |  |  | 21 |  |  |  |  | (1 | ) |
Non-qualifying strategies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency swaps |  | 5,829 |  |  |  |  | 224 |  |  |  |  | 442 |  |  |  |  | (218 | ) |
Credit default swaps |  | 207 |  |  |  |  | (3 | ) |  |  |  | 1 |  |  |  |  | (4 | ) |
Interest rate swaps |  | 112 |  |  |  |  | 1 |  |  |  |  | 1 |  |  |  |  | 0 |  |
Total non-qualifying strategies |  | 6,148 |  |  |  |  | 222 |  |  |  |  | 444 |  |  |  |  | (222 | ) |
Total derivatives |  | $ | 22,475 |  |  |  |  | $ | (349 | ) |  |  |  | $ | 488 |  |  |  |  | $ | (837 | ) |
Balance Sheet Location |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  | $ | 5,308 |  |  |  |  | $ | 488 |  |  |  |  | $ | 488 |  |  |  |  | $ | 0 |  |
Other liabilities |  | 17,167 |  |  |  |  | (837 | ) |  |  |  | 0 |  |  |  |  | (837 | ) |
Total derivatives |  | $ | 22,475 |  |  |  |  | $ | (349 | ) |  |  |  | $ | 488 |  |  |  |  | $ | (837 | ) |
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following table presents the gains and losses on derivatives and the related hedged items in fair value hedges. Fair Value Hedging Relationships
(In millions) |  |  | Hedging Derivatives |  | Hedged Items |  |
Hedging Derivatives | Hedged Items |  | Total Gains (Losses) |  | Gains (Losses) Excluded from Effectiveness Testing |  | Gains (Losses) Included in Effectiveness Testing |  | Gains (Losses) |  | Ineffectiveness Recognized for Fair Value Hedge
Three Months Ended March 31, 2014: |  |  |  |  |  |  |  |
Foreign currency forwards | Fixed-maturity securities |  | $ | 264 |  |  | $ | (10 | ) |  | $ | 274 |  |  | $ | (269 | ) |  | $ | 5 |
Interest rate swaptions | Fixed-maturity securities |  | (23 | ) |  | (22 | ) |  | (1 | ) |  | 1 |  |  | 0 |
Three Months Ended March 31, 2013: |  |  |  |  |  |  |
Foreign currency forwards | Fixed-maturity securities |  | $ | (609 | ) |  | $ | (5 | ) |  | $ | (604 | ) |  | $ | 603 |  |  | $ | (1 | )
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | Impact of Derivatives and Hedging Instruments The following table summarizes the impact to realized investment gains (losses) and other comprehensive income (loss) from all derivatives and hedging instruments.
| Three Months Ended March 31,
| 2014 | 2013
(In millions) | Realized Investment Gains (Losses) | Other Comprehensive Income (Loss)(1) | Realized Investment Gains (Losses) | Other Comprehensive Income (Loss)(1)
Qualifying hedges: |  |  |  |  |  |  |  |  |  |  |  |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency swaps |  | $ | (1 | ) |  |  | $ | (1 | ) |  |  | $ | (1 | ) |  |  | $ | (7 | ) |
Total cash flow hedges |  | (1 | ) |  |  | (1 | ) |  |  | (1 | ) |  |  | (7 | ) |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forwards(2) |  | (5 | ) |  |  | 0 |  |  |  | (6 | ) |  |  | 0 |  |
Interest rate swaptions(2) |  | (22 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |
Total fair value hedges |  | (27 | ) |  |  | 0 |  |  |  | (6 | ) |  |  | 0 |  |
Net investment hedge: |  |  |  |  |  |  |  |  |  |  |  |
Non-derivative hedging instruments |  | 0 |  |  |  | (17 | ) |  |  | 0 |  |  |  | 69 |  |
Foreign currency forwards |  | 0 |  |  |  | (6 | ) |  |  | 0 |  |  |  | 0 |  |
Foreign currency options |  | 0 |  |  |  | (1 | ) |  |  | 0 |  |  |  | 0 |  |
Total net investment hedge |  | 0 |  |  |  | (24 | ) |  |  | 0 |  |  |  | 69 |  |
Non-qualifying strategies: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency swaps |  | (20 | ) |  |  | 0 |  |  |  | 84 |  |  |  | 0 |  |
Foreign currency options |  | 0 |  |  |  | 0 |  |  |  | 2 |  |  |  | 0 |  |
Credit default swaps |  | 2 |  |  |  | 0 |  |  |  | 12 |  |  |  | 0 |  |
Interest rate swaps |  | (1 | ) |  |  | 0 |  |  |  | (4 | ) |  |  | 0 |  |
Futures |  | (36 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |
Total non-qualifying strategies |  | (55 | ) |  |  | 0 |  |  |  | 94 |  |  |  | 0 |  |
Total |  | $ | (83 | ) |  |  | $ | (25 | ) |  |  | $ | 87 |  |  |  | $ | 62 |  |
(1) Cash flow hedge items are recorded as unrealized gains (losses) on derivatives and net investment hedge items are recorded in the unrealized foreign currency translation gains (losses) line in the consolidated statement of comprehensive income (loss). (2) Impact shown net of effect of hedged items (see Fair Value Hedges section of this Note 4 for further detail)
Offsetting Assets | The tables below summarize our derivatives and securities lending transactions, and as reflected in the tables, in accordance with GAAP, our policy is to not offset these financial instruments in the Consolidated Balance Sheets. Offsetting of Financial Assets and Derivative Assets
March 31, 2014
|  |  |  |  |  |  |  | Gross Amounts Not Offset in Balance Sheet |  |  |  |
(in millions) | Gross Amount of Recognized Assets |  | Gross Amount Offset in Balance Sheet |  | Net Amount of Assets Presented in Balance Sheet |  | Carrying Value of Financial Instruments | Collateral Received |  | Net Amount
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency swaps |  | $ | 426 |  |  |  |  | $ | 0 |  |  |  |  | $ | 426 |  |  |  |  | $ | 0 |  |  |  | $ | (253 | ) |  |  |  | $ | 173 |  |
Foreign currency forwards |  | 58 |  |  |  |  | 0 |  |  |  |  | 58 |  |  |  |  | 0 |  |  |  | (9 | ) |  |  |  | 49 |  |
Foreign currency options |  | 26 |  |  |  |  | 0 |  |  |  |  | 26 |  |  |  |  | 0 |  |  |  | (1 | ) |  |  |  | 25 |  |
Credit default swaps |  | 1 |  |  |  |  | 0 |  |  |  |  | 1 |  |  |  |  | 0 |  |  |  | 0 |  |  |  |  | 1 |  |
Interest rate swaptions |  | 12 |  |  |  |  | 0 |  |  |  |  | 12 |  |  |  |  | 0 |  |  |  | 0 |  |  |  |  | 12 |  |
Total derivative assets, subject to a master netting arrangement or offsetting arrangement |  | 523 |  |  |  |  | 0 |  |  |  |  | 523 |  |  |  |  | 0 |  |  |  | (263 | ) | (1) |  |  | 260 |  |
Securities lending and similar arrangements |  | 3,234 |  |  |  |  | 0 |  |  |  |  | 3,234 |  |  |  |  | 0 |  |  |  | (3,234 | ) |  |  |  | 0 |  |
Total |  | $ | 3,757 |  |  |  |  | $ | 0 |  |  |  |  | $ | 3,757 |  |  |  |  | $ | 0 |  |  |  | $ | (3,497 | ) |  |  |  | $ | 260 |  |
(1) Consists entirely of cash.
December 31, 2013
|  |  |  |  |  |  | Gross Amounts Not Offset in Balance Sheet |  |  |  |
(In millions) | Gross Amount of Recognized Assets |  | Gross Amount Offset in Balance Sheet |  | Net Amount of Assets Presented in Balance Sheet |  | Carrying Value of Financial Instruments | Collateral Received |  | Net Amount
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency swaps |  | $ | 445 |  |  |  |  | $ | 0 |  |  |  |  | $ | 445 |  |  |  |  | $ | 0 |  |  |  | $ | (276 | ) |  |  |  | $ | 169 |  |
Foreign currency forwards |  | 17 |  |  |  |  | 0 |  |  |  |  | 17 |  |  |  |  | 0 |  |  |  | (16 | ) |  |  |  | 1 |  |
Foreign currency options |  | 4 |  |  |  |  | 0 |  |  |  |  | 4 |  |  |  |  | 0 |  |  |  | (3 | ) |  |  |  | 1 |  |
Credit default swaps |  | 1 |  |  |  |  | 0 |  |  |  |  | 1 |  |  |  |  | 0 |  |  |  | 0 |  |  |  |  | 1 |  |
Interest rate swaps |  | 1 |  |  |  |  | 0 |  |  |  |  | 1 |  |  |  |  | 0 |  |  |  | 0 |  |  |  |  | 1 |  |
Interest rate swaptions |  | 20 |  |  |  |  | 0 |  |  |  |  | 20 |  |  |  |  | 0 |  |  |  | 0 |  |  |  |  | 20 |  |
Total derivative assets, subject to a master netting arrangement or offsetting arrangement |  | 488 |  |  |  |  | 0 |  |  |  |  | 488 |  |  |  |  | 0 |  |  |  | (295 | ) | (1) |  |  | 193 |  |
Securities lending and similar arrangements |  | 5,656 |  |  |  |  | 0 |  |  |  |  | 5,656 |  |  |  |  | 0 |  |  |  | (5,656 | ) |  |  |  | 0 |  |
Total |  | $ | 6,144 |  |  |  |  | $ | 0 |  |  |  |  | $ | 6,144 |  |  |  |  | $ | 0 |  |  |  | $ | (5,951 | ) |  |  |  | $ | 193 |  |
(1) Consists entirely of cash.
Offsetting Liabilities | Offsetting of Financial Liabilities and Derivative Liabilities
March 31, 2014
|  |  |  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in Balance Sheet |  |  |  |
(In millions) | Gross Amount of Recognized Liabilities |  | Gross Amount Offset in Balance Sheet |  | Net Amount of Liabilities Presented in Balance Sheet |  | Carrying Value of Financial Instruments | Collateral Pledged |  | Net Amount
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency swaps |  | $ | (206 | ) |  |  |  | $ | 0 |  |  |  |  | $ | (206 | ) |  |  |  | $ | 0 |  |  |  | $ | 2 |  |  |  |  | $ | (204 | ) |
Foreign currency forwards |  | (59 | ) |  |  |  | 0 |  |  |  |  | (59 | ) |  |  |  | 0 |  |  |  | 0 |  |  |  |  | (59 | ) |
Foreign currency options |  | (23 | ) |  |  |  | 0 |  |  |  |  | (23 | ) |  |  |  | 0 |  |  |  | 0 |  |  |  |  | (23 | ) |
Credit default swaps |  | (2 | ) |  |  |  | 0 |  |  |  |  | (2 | ) |  |  |  | 0 |  |  |  | 0 |  |  |  |  | (2 | ) |
Interest rate swaptions |  | (61 | ) |  |  |  | 0 |  |  |  |  | (61 | ) |  |  |  | 0 |  |  |  | 52 |  |  |  |  | (9 | ) |
Futures |  | (7 | ) |  |  |  | 0 |  |  |  |  | (7 | ) |  |  |  | 0 |  |  |  | 73 |  |  |  |  | 66 |  |
Total derivative liabilities, subject to a master netting arrangement or offsetting arrangement |  | (358 | ) |  |  |  | 0 |  |  |  |  | (358 | ) |  |  |  | 0 |  |  |  | 127 |  | (1) |  |  | (231 | ) |
Securities lending and similar arrangements |  | (3,313 | ) |  |  |  | 0 |  |  |  |  | (3,313 | ) |  |  |  | 3,234 |  |  |  | 0 |  |  |  |  | (79 | ) |
Total |  | $ | (3,671 | ) |  |  |  | $ | 0 |  |  |  |  | $ | (3,671 | ) |  |  |  | $ | 3,234 |  |  |  | $ | 127 |  |  |  |  | $ | (310 | ) |
(1) Consists of $52 of pledged JGBs and $75 of cash.
December 31, 2013
|  |  |  |  |  |  | Gross Amounts Not Offset in Balance Sheet |  |  |  |
(In millions) | Gross Amount of Recognized Liabilities |  | Gross Amount Offset in Balance Sheet |  | Net Amount of Liabilities Presented in Balance Sheet |  | Carrying Value of Financial Instruments | Collateral Pledged |  | Net Amount
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency swaps |  | $ | (218 | ) |  |  |  | $ | 0 |  |  |  |  | $ | (218 | ) |  |  |  | $ | 0 |  |  |  | $ | 1 |  |  |  |  | $ | (217 | ) |
Foreign currency forwards |  | (582 | ) |  |  |  | 0 |  |  |  |  | (582 | ) |  |  |  | 0 |  |  |  | 0 |  |  |  |  | (582 | ) |
Foreign currency options |  | (1 | ) |  |  |  | 0 |  |  |  |  | (1 | ) |  |  |  | 0 |  |  |  | 0 |  |  |  |  | (1 | ) |
Credit default swaps |  | (4 | ) |  |  |  | 0 |  |  |  |  | (4 | ) |  |  |  | 0 |  |  |  | 0 |  |  |  |  | (4 | ) |
Interest rate swaptions |  | (32 | ) |  |  |  | 0 |  |  |  |  | (32 | ) |  |  |  | 0 |  |  |  | 7 |  |  |  |  | (25 | ) |
Total derivative liabilities, subject to a master netting arrangement or offsetting arrangement |  | (837 | ) |  |  |  | 0 |  |  |  |  | (837 | ) |  |  |  | 0 |  |  |  | 8 |  | (1) |  |  | (829 | ) |
Securities lending and similar arrangements |  | (5,820 | ) |  |  |  | 0 |  |  |  |  | (5,820 | ) |  |  |  | 5,656 |  |  |  | 0 |  |  |  |  | (164 | ) |
Total |  | $ | (6,657 | ) |  |  |  | $ | 0 |  |  |  |  | $ | (6,657 | ) |  |  |  | $ | 5,656 |  |  |  | $ | 8 |  |  |  |  | $ | (993 | ) |
(1) Consists of $7 of pledged JGBs and $1 of cash.

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- Definition Tabular disclosure of credit derivatives which includes information by sellers of credit derivatives, about each credit derivative, or each group of similar credit derivatives, including (a) the nature of the credit derivative - its term, how it arose, the events or circumstances that would require the seller to perform under the credit derivative, and the current status of the payment/performance risk of the credit derivative; (b) the maximum potential amount of future payments (undiscounted) the seller could be required to make under the credit derivative; (c) the current fair value of the credit derivative; and (d) the nature of any recourse provisions under the credit derivative, and any assets held either as collateral or by third parties. A credit derivative is a derivative instrument (1) in which one or more of its underlyings are related to the credit risk of a specified entity (or a group of entities) or an index based on the credit risk of a group of entities and (2) that exposes the seller to potential loss from credit-risk-related events specified in the contract. Examples of credit derivatives within the scope of this paragraph include, but are not limited to, credit default swaps, credit spread options, and credit index products; also includes a hybrid instrument that has an embedded credit derivative (for example, but not limited to, a credit-linked note). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Credit Derivative -URI http://asc.fasb.org/extlink&oid=6854095 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708775-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708773-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4L -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708777-113959 + Details
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- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=20225523&loc=SL20225877-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=20225523&loc=SL20225862-175312 + Details
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- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=20225523&loc=SL20225877-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=20225523&loc=SL20225862-175312 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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