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v3.7.0.1

Income Taxes (Components Of Deferred Tax Assets and Liabilities) (Detail) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016
--- | --- | ---
Deferred tax liabilities [Abstract] |  |
Unearned premium reserve | $ 140 | $ 143
Deferral of cancellation of indebtedness income | 34 | 46
Deferred acquisition costs | 37 | 42
Net gains on financial instruments at fair value and foreign exchange | 0 | 4
Partnership basis difference | 29 | 36
Basis difference in foreign subsidiaries | 2 | 64
Net deferred taxes on VIEs | 14 | 0
Other | 34 | 23
Total gross deferred tax liabilities | 290 | 358
Deferred tax assets [Abstract] |  |
Compensation and employee benefits | 17 | 19
Accrued interest | 198 | 177
Loss and loss adjustment expense reserves | 104 | 142
Net operating loss | 976 | 929
Foreign tax credit | 62 | 7
Net unrealized losses on insured derivatives | 29 | 29
Net losses on financial instruments at fair value and foreign exchange | 23 | 0
Net unrealized losses in accumulated other comprehensive income | 12 | 6
Alternative minimum tax credit carryforward | 26 | 26
Total gross deferred tax assets | 1,447 | 1,335
Valuation allowance | 1,157 | 7
Net deferred tax asset | $ 0 | $ 970

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