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Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2016
Derivative [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] | The volume of our derivative activities based on their notional exposure, categorized by primary underlying risk, is as follows:
| September 30, 2016 |  | December 31, 2015
| Long Notional Exposure |  | Short Notional Exposure |  | Long Notional Exposure |  | Short Notional Exposure
Primary underlying risk: | (in millions)
Credit swaps(1) | $ | 203 |  |  | $ | 503 |  |  | $ | 187 |  |  | $ | 2,306 |
Equity swaps | 291 |  |  | 15,793 |  |  | 1,343 |  |  | 14,167 |
Foreign currency forwards | — |  |  | 872 |  |  | — |  |  | 842 |
Interest rate swap contracts(2) | — |  |  | — |  |  | — |  |  | 137 |
Commodity contracts | 22 |  |  | 459 |  |  | 43 |  |  | 643 |
(1) | The short notional amount on our credit default swap positions is approximately $2.6 billion and $10.0 billion as of September 30, 2016 and December 31, 2015, respectively. However, because credit spreads cannot compress below zero, our downside short notional exposure to loss is approximately $0.5 billion and $2.3 billion as of September 30, 2016 and December 31, 2015, respectively.
(2) | The short notional amount on certain of our interest rate contracts with a three month duration is approximately $16.0 billion as of December 31, 2015. We assume that interest rates will not fall below zero and therefore our downside short notional exposure to loss on these contracts is $74 million (of the total $137 million disclosed in the above table) as of December 31, 20
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following table presents the consolidated fair values of our derivatives that are not designated as hedging instruments:
Derivatives Not Designated as Hedging Instruments |  | Asset Derivatives(1) |  | Liability Derivatives(2)
| September 30, 2016 |  | December 31, 2015 |  | September 30, 2016 |  | December 31, 2015
|  | (in millions)
Equity contracts |  | $ | 17 |  |  | $ | 339 |  |  | $ | 694 |  |  | $ | 122 |
Foreign exchange contracts |  | — |  |  | — |  |  | 1 |  |  | 19 |
Credit contracts |  | 14 |  |  | 45 |  |  | 70 |  |  | 53 |
Interest rate swap contracts |  | — |  |  | — |  |  | — |  |  | — |
Commodity contracts |  | 7 |  |  | 46 |  |  | 21 |  |  | 10 |
Sub-total |  | 38 |  |  | 430 |  |  | 786 |  |  | 204 |
Netting across contract types(3) |  | (18 | ) |  | (171 | ) |  | (18 | ) |  | (171 | )
Total(3) |  | $ | 20 |  |  | $ | 259 |  |  | $ | 768 |  |  | $ | 33 |
(1) | Net asset derivatives are located within other assets in our condensed consolidated balance sheets.
(2) | Net liability derivatives are located within accrued expenses and other liabilities in our condensed consolidated balance sheets.
(3) | Excludes netting of cash collateral received and posted. The total collateral posted at September 30, 2016 and December 31, 2015 was $492 million and $883 million, respectively, across all counterparties.
The following table presents the amount of gain (loss) recognized in the condensed consolidated statements of operations for our derivatives not designated as hedging instruments:
|  | (Loss) Gain Recognized in Income(1)
Derivatives Not Designated as Hedging Instruments |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
|  | (in millions)
Equity contracts |  | $ | (448 | ) |  | $ | 892 |  |  | $ | (1,106 | ) |  | $ | 741 |
Foreign exchange contracts |  | (7 | ) |  | (2 | ) |  | (21 | ) |  | 134 |
Credit contracts |  | (44 | ) |  | 387 |  |  | 87 |  |  | 536 |
Interest rate contracts |  | — |  |  | — |  |  | (12 | ) |  | — |
Commodity contracts |  | 32 |  |  | 57 |  |  | (36 | ) |  | 6 |
|  | $ | (467 | ) |  | $ | 1,334 |  |  | $ | (1,088 | ) |  | $ | 1,417 |
(1) | Gains (losses) recognized on derivatives are classified in net gain (loss) from investment activities in our condensed consolidated statements of operations for our Investment segment and are included in other income (loss), net for all other segments.

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