XML 78 R67.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Segments (Summary Of Company's Segment Results) (Detail) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Segment Reporting Information [Line Items]          
Revenues [1] $ 138 $ 123 $ 364 $ 392  
Net change in fair value of insured derivatives 16 3 (20) 91  
Net gains (losses) on financial instruments at fair value and foreign exchange 38 (55) (17) 20  
Net investment losses related to other-than-temporary impairments 0 (3) (1) (10)  
Net gains (losses) on extinguishment of debt 0 0 5 (1)  
Other net realized gains (losses) (2) (1) (3) 18  
Revenues of consolidated VIEs 13 25 25 46  
Inter-segment revenues   0 0 0  
Total revenues 203 92 353 556  
Losses and loss adjustment 50 39 149 79  
Operating 42 46 127 139  
Interest 49 49 148 149  
Expenses of consolidated VIEs 7 13 30 39  
Inter-segment expenses   0 0 0  
Total expenses 148 147 454 406  
Income (loss) before income taxes 55 (55) (101) 150  
Provision (benefit) for income taxes 24 (20) (28) 52  
Net income (loss) 31 (35) (73) 98  
Identifiable assets 11,787 15,051 11,787 15,051 $ 14,836
U S Public Finance Insurance [Member]          
Segment Reporting Information [Line Items]          
Losses and loss adjustment 28 (7) 46 (5)  
Operating Segments [Member] | U S Public Finance Insurance [Member]          
Segment Reporting Information [Line Items]          
Revenues [1] 84 90 250 288  
Net gains (losses) on financial instruments at fair value and foreign exchange 31 1 65 4  
Net investment losses related to other-than-temporary impairments 0 (3) 0 (9)  
Other net realized gains (losses) 0   0 (4)  
Inter-segment revenues [2] 6 8 16 26  
Total revenues 121 96 331 305  
Losses and loss adjustment 28 (7) 46 (5)  
Operating 9 11 29 29  
Inter-segment expenses [2] 18 21 52 67  
Total expenses 55 25 127 91  
Income (loss) before income taxes 66 71 204 214  
Provision (benefit) for income taxes 22 25 69 74  
Net income (loss) 44 46 135 140  
Identifiable assets 5,343 5,432 5,343 5,432  
Operating Segments [Member] | Corporate Operations [Member]          
Segment Reporting Information [Line Items]          
Revenues [1] 6 5 17 18  
Net gains (losses) on financial instruments at fair value and foreign exchange (2) (45) (105) 35  
Net investment losses related to other-than-temporary impairments 0 0 (1) (1)  
Net gains (losses) on extinguishment of debt 0 0 5 (1)  
Other net realized gains (losses) (2) (1) (4) 22  
Inter-segment revenues [2] 15 16 43 53  
Total revenues 17 (25) (45) 126  
Operating 16 18 52 56  
Interest 22 24 69 73  
Inter-segment expenses [2] 2 1 3 3  
Total expenses 40 43 124 132  
Income (loss) before income taxes (23) (68) (169) (6)  
Provision (benefit) for income taxes (8) (25) (50) 0  
Net income (loss) (15) (43) (119) (6)  
Identifiable assets 2,407 2,514 2,407 2,514  
Operating Segments [Member] | International And Structured Finance Insurance [Member]          
Segment Reporting Information [Line Items]          
Revenues [1] 48 28 97 86  
Net change in fair value of insured derivatives 16 3 (20) 91  
Net gains (losses) on financial instruments at fair value and foreign exchange 9 (11) 23 (19)  
Other net realized gains (losses) 0   1    
Revenues of consolidated VIEs 13 25 25 46  
Inter-segment revenues [2] 12 15 35 48  
Total revenues 98 60 161 252  
Losses and loss adjustment 22 46 103 84  
Operating 17 17 46 54  
Interest 27 25 79 76  
Expenses of consolidated VIEs 7 13 30 39  
Inter-segment expenses [2] 13 17 38 50  
Total expenses 86 118 296 303  
Income (loss) before income taxes 12 (58) (135) (51)  
Provision (benefit) for income taxes 7 (20) (48) (19)  
Net income (loss) 5 (38) (87) (32)  
Identifiable assets 7,020 10,084 7,020 10,084  
Intersegment Elimination [Member]          
Segment Reporting Information [Line Items]          
Inter-segment revenues [2] (33) (39) (94) (127)  
Total revenues (33) (39) (94) (127)  
Inter-segment expenses [2] (33) (39) (93) (120)  
Total expenses (33) (39) (93) (120)  
Income (loss) before income taxes 0 0 (1) (7)  
Provision (benefit) for income taxes 3 0 1 (3)  
Net income (loss) (3) 0 (2) (4)  
Identifiable assets [3] $ (2,983) $ (2,979) $ (2,983) $ (2,979)  
[1] Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
[2] Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
[3] Consists of intercompany deferred income taxes, reinsurance balances and repurchase agreements.