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Business Segments (Summary Of Company's Segment Results) (Detail) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Segment Reporting Information [Line Items]          
Revenues $ 177 [1] $ 151 [1] $ 454 [1] $ 483 [1]  
Net change in fair value of insured derivatives 24 257 446 14  
Net gains (losses) on financial instruments at fair value and foreign exchange 57 5 63 62  
Net investment losses related to other-than-temporary impairments (14)   (14)    
Net gains (losses) on extinguishment of debt   6 3 49  
Other net realized gains (losses) 30 (29) 31 (29)  
Revenues of consolidated VIEs 17 30 72 172  
Inter-segment revenues 0 [2] 0 [2] 0 [3] 0 [2]  
Total revenues 291 420 1,055 751  
Losses and loss adjustment 20 98 82 92  
Operating 59 80 172 316  
Interest 52 59 158 179  
Expenses of consolidated VIEs 12 12 36 42  
Inter-segment expenses 0 [2] 0 [2] 0 0 [2]  
Total expenses 143 249 448 629  
Income (loss) before income taxes 148 171 607 122  
Identifiable assets 16,201 17,633 16,201 17,633 16,953
Reportable Subsegments [Member] | Asset Liability Products Business [Member]
          
Segment Reporting Information [Line Items]          
Revenues 9 6 [4] 24 [4] 21 [4]  
Net gains (losses) on financial instruments at fair value and foreign exchange 50 (29) (8) (38)  
Net gains (losses) on extinguishment of debt   7 3 11  
Inter-segment revenues (2) (1) [5] (7) [5] (3) [5]  
Total revenues 57 (17) 12 (9)  
Operating 1   2 1  
Interest 15 19 47 59  
Inter-segment expenses 2 2 [5] 6 [5] 6 [5]  
Total expenses 18 21 55 66  
Income (loss) before income taxes 39 (38) (43) (75)  
Identifiable assets 1,497 1,586 1,497 1,586  
Reportable Subsegments [Member] | Conduits [Member]
          
Segment Reporting Information [Line Items]          
Revenues of consolidated VIEs   1 4 8  
Inter-segment revenues   (2) [5] (1) [5] (8) [5]  
Total revenues 0 (1) 3 0  
Expenses of consolidated VIEs       4  
Inter-segment expenses   15 [5] 9 [5] 26 [5]  
Total expenses 0 15 9 30  
Income (loss) before income taxes 0 (16) (6) (30)  
Identifiable assets 0 198 0 198  
Intersubsegment Eliminations [Member]
          
Segment Reporting Information [Line Items]          
Inter-segment revenues       6  
Total revenues 0     6  
Total expenses 0     0  
Income (loss) before income taxes 0     6  
Identifiable assets 0 1 0 1  
U S Public Finance Insurance [Member]
          
Segment Reporting Information [Line Items]          
Losses and loss adjustment     (5)    
Operating Segments [Member] | U S Public Finance Insurance [Member]
          
Segment Reporting Information [Line Items]          
Revenues 100 [1] 93 [1] 272 [1] 314 [1]  
Net change in fair value of insured derivatives     1    
Net gains (losses) on financial instruments at fair value and foreign exchange 2   21 30  
Net investment losses related to other-than-temporary impairments (14)   (14)    
Other net realized gains (losses) 18 (29) 18 (29)  
Inter-segment revenues 7 [2] 10 [2] 30 [3] 81 [3]  
Total revenues 113 74 328 396  
Losses and loss adjustment (8) 35 (5) 105  
Operating 9 13 29 57  
Inter-segment expenses 18 [2] 20 [2] 56 [3] 72 [3]  
Total expenses 19 68 80 234  
Income (loss) before income taxes 94 6 248 162  
Identifiable assets 6,132 6,509 6,132 6,509  
Operating Segments [Member] | Structured Finance And International Insurance [Member]
          
Segment Reporting Information [Line Items]          
Revenues 67 [1] 39 [1] 144 [1] 120 [1]  
Net change in fair value of insured derivatives 24 257 445 14  
Net gains (losses) on financial instruments at fair value and foreign exchange (13) (3) (3) 31  
Other net realized gains (losses) 11   11    
Revenues of consolidated VIEs 21 30 72 174  
Inter-segment revenues 13 [2] 20 [2] 37 [3] 52 [3]  
Total revenues 123 343 706 391  
Losses and loss adjustment 28 63 87 (13)  
Operating 19 22 51 91  
Interest 26 27 80 84  
Expenses of consolidated VIEs 12 12 36 38  
Inter-segment expenses 14 [2] 23 [2] 49 [3] 115 [3]  
Total expenses 99 147 303 315  
Income (loss) before income taxes 24 196 403 76  
Identifiable assets 10,450 12,096 10,450 12,096  
Operating Segments [Member] | Advisory Services [Member]
          
Segment Reporting Information [Line Items]          
Revenues 3 [1] 3 [1] 10 [1] 13 [1]  
Net gains (losses) on financial instruments at fair value and foreign exchange     (3)    
Revenues of consolidated VIEs (4)   (4)    
Inter-segment revenues 5 [2] 8 [2] 17 [3] 20 [3]  
Total revenues 4 11 20 33  
Operating 8 16 30 42  
Inter-segment expenses 2 [2] 3 [2] 5 [3] 6 [3]  
Total expenses 10 19 35 48  
Income (loss) before income taxes (6) (8) (15) (15)  
Identifiable assets 481 47 481 47  
Operating Segments [Member] | Corporate Operations [Member]
          
Segment Reporting Information [Line Items]          
Revenues (2) [1] 10 [1] 4 [1] 15 [1]  
Net gains (losses) on financial instruments at fair value and foreign exchange 18 37 56 39  
Other net realized gains (losses) 1   2    
Revenues of consolidated VIEs   (1)   (10)  
Inter-segment revenues 17 [2] 35 [2] 100 [3] 56 [3]  
Total revenues 34 81 162 100  
Operating 22 29 60 125  
Interest 11 13 31 36  
Inter-segment expenses 4 [2] 3 [2] 14 [3] 8 [3]  
Total expenses 37 45 105 169  
Income (loss) before income taxes (3) 36 57 (69)  
Identifiable assets 1,239 910 1,239 910  
Operating Segments [Member] | Wind Down Operations [Member]
          
Segment Reporting Information [Line Items]          
Revenues 9 [1],[4] 6 [1],[4] 24 [1],[4] 21 [1],[4]  
Net gains (losses) on financial instruments at fair value and foreign exchange 50 (29) (8) (38)  
Net gains (losses) on extinguishment of debt   7 3 11  
Revenues of consolidated VIEs   1 4 8  
Inter-segment revenues (2) [2],[5] (3) [2],[5] (8) [3],[5] (5) [3],[5]  
Total revenues 57 (18) 15 (3)  
Operating 1   2 1  
Interest 15 19 47 59  
Expenses of consolidated VIEs       4  
Inter-segment expenses 2 [2],[5] 17 [2],[5] 15 [3],[5] 32 [3],[5]  
Total expenses 18 36 64 96  
Income (loss) before income taxes 39 (54) (49) (99)  
Identifiable assets 1,497 1,785 1,497 1,785  
Intersegment Elimination [Member]
          
Segment Reporting Information [Line Items]          
Net gains (losses) on extinguishment of debt   (1)   38 [6]  
Inter-segment revenues (40) [2] (70) [2] (176) [2] (204) [2]  
Total revenues (40) (71) (176) (166)  
Inter-segment expenses (40) [2] (66) [2] (139) [2] (233) [2]  
Total expenses (40) (66) (139) (233)  
Income (loss) before income taxes 0 (5) (37) 67  
Identifiable assets $ (3,598) [7] $ (3,714) $ (3,598) [7] $ (3,714)  
[1]
Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements, investment management fees and other fees.
[2]
Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany receivables and payables.
[3]
Represents intercompany premium income and expense, intercompany asset management fees and expenses, intercompany interest income and expense pertaining to intercompany receivables and payables and intercompany loans.
[4]
Represents the sum of third-party interest income, investment management services fees and other fees.
[5]
Represents intercompany asset management fees and expenses plus intercompany interest income and expense pertaining to intercompany debt.
[6]
Represents the gain on the debt received as consideration in connection with the settlement with Bank of America.
[7]
Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.