XML 67 R27.htm IDEA: XBRL DOCUMENT
v3.19.3

Fair Value of Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Text Block [Abstract] |
Quantitative Information Regarding The Significant Unobservable Inputs For Certain Assets And Liabilities Measured At Fair Value On A Recurring Basis |
In millions |  | Fair Value as of September 30, 2019 |  |  | Valuation Techniques |  | Unobservable Input |  | Range (Weighted Average) |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |
Loans receivable at fair value |  | $ | 146 |  |  | Market prices adjusted for financial guarantees provided to VIE obligations |  | Impact of financial guarantee (1) |  |  | -12% - 83% (21%) |
Loan repurchase commitments |  |  | 478 |  |  | Discounted cash flow |  | Recovery rates (2) |  |  |  |
|  |  |  |  |  |  |  | Breach rates (2) |  |  |  |
Liabilities of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |
Variable interest entity notes |  |  | 348 |  |  | Market prices of VIE assets adjusted for financial guarantees provided |  | Impact of financial guarantee |  |  | 34% - 72% (59%) |
Credit derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
CMBS |  |  | 10 |  |  | Direct Price Model |  | Nonperformance risk |  |  | 54% - 54% (54%) |
Other derivative liabilities |  |  | 30 |  |  | Discounted cash flow |  | Cash flows |  |  | $ 0 - $ 49 ($25) (3) |
(1) - | Negative percentage represents financial guarantee policies in a receivable position.
(2) - | Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty.
(3) - | Midpoint of cash flows are used for the weighted average.
In millions |  | Fair Value as of December 31, 2018 |  |  | Valuation Techniques |  | Unobservable Input |  | Range (Weighted Average) |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |
Loans receivable at fair value |  | $ | 172 |  |  | Market prices adjusted for financial guarantees provided to VIE obligations |  | Impact of financial guarantee (1) |  |  | -17% - 75% (7%) |
Loan repurchase commitments |  |  | 418 |  |  | Discounted cash flow |  | Recovery rates (2) |  |  |  |
|  |  |  |  |  |  |  | Breach rates (2) |  |  |  |
Liabilities of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |
Variable interest entity notes |  |  | 366 |  |  | Market prices of VIE assets adjusted for financial guarantees provided |  | Impact of financial guarantee |  |  | 0% - 63% (39%) |
Credit derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
CMBS |  |  | 33 |  |  | Direct Price Model |  | Nonperformance risk |  |  | 54% - 54% (54%) |
Other derivative liabilities |  |  | 7 |  |  | Discounted cash flow |  | Cash flows |  |  | $0 - $ 49 ($25) (3) |
(1) - | Negative percentage represents financial guarantee policies in a receivable position.
(2) - | Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty.
(3) - | Midpoint of cash flows are used for the weighted average.
Company's Assets And Liabilities Measured At Fair Value On Recurring Basis |
|  | Fair Value Measurements at Reporting Date Using |  |  |
In millions |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Counterparty and Cash Collateral Netting |  | Balance as of September 30, 2019 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government agency |  | $ | 775 |  | $ | 99 |  | $ | - |  | $ | - |  | $ | 874 |
State and municipal bonds |  |  | - |  |  | 230 |  |  | - |  |  | - |  |  | 230 |
Foreign governments |  |  | - |  |  | 9 |  |  | - |  |  | - |  |  | 9 |
Corporate obligations |  |  | - |  |  | 1,333 |  |  | - |  |  | - |  |  | 1,333 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed agency |  |  | - |  |  | 310 |  |  | - |  |  | - |  |  | 310 |
Residential mortgage-backed non-agency |  |  | - |  |  | 21 |  |  | - |  |  | - |  |  | 21 |
Commercial mortgage-backed |  |  | - |  |  | 26 |  |  | - |  |  | - |  |  | 26 |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | - |  |  | 130 |  |  | - |  |  | - |  |  | 130 |
Other asset-backed |  |  | - |  |  | 280 |  |  | 1 |  |  | - |  |  | 281 |
Total fixed-maturity investments |  |  | 775 |  |  | 2,438 |  |  | 1 |  |  | - |  |  | 3,214 |
Money market securities |  |  | 164 |  |  | - |  |  | - |  |  | - |  |  | 164 |
Perpetual debt and equity securities |  |  | 28 |  |  | 37 |  |  | - |  |  | - |  |  | 65 |
Fixed-income fund |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 52 | (1)
Cash and cash equivalents |  |  | 76 |  |  | - |  |  | - |  |  | - |  |  | 76 |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-insured derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives |  |  | - |  |  | 2 |  |  | - |  |  | - |  |  | 2 |
|  | Fair Value Measurements at Reporting Date Using |  |  |
In millions |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Counterparty and Cash Collateral Netting |  | Balance as of September 30, 2019 |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate obligations |  |  | - |  |  |  | 8 |  |  |  | - |  |  |  | - |  |  |  | 8 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed non-agency |  |  | - |  |  |  | 47 |  |  |  | - |  |  |  | - |  |  |  | 47 |
Commercial mortgage-backed |  |  | - |  |  |  | 16 |  |  |  | - |  |  |  | - |  |  |  | 16 |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | - |  |  |  | 6 |  |  |  | - |  |  |  | - |  |  |  | 6 |
Other asset-backed |  |  | - |  |  |  | 11 |  |  |  | - |  |  |  | - |  |  |  | 11 |
Cash |  |  | 5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5 |
Loans receivable at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residenti al loan s receivable |  |  | - |  |  |  | - |  |  |  | 146 |  |  |  | - |  |  |  | 146 |
Loan repurchase commitments |  |  | - |  |  |  | - |  |  |  | 478 |  |  |  | - |  |  |  | 478 |
Other assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Currency derivative s |  |  | - |  |  |  | - |  |  |  | 8 |  |  |  | - |  |  |  | 8 |
Other |  |  | - |  |  |  | - |  |  |  | 17 |  |  |  | - |  |  |  | 17 |
Total assets |  | $ | 1,048 |  |  | $ | 2,565 |  |  | $ | 650 |  |  | $ | - |  |  | $ | 4,315 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Medium-term notes |  | $ | - |  |  | $ | - |  |  | $ | 106 |  |  | $ | - |  |  | $ | 106 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insured derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit derivatives |  |  | - |  |  |  | 2 |  |  |  | 10 |  |  |  | - |  |  |  | 12 |
Non-insured derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives |  |  | - |  |  |  | 152 |  |  |  | - |  |  |  | - |  |  |  | 152 |
Other |  |  | - |  |  |  | - |  |  |  | 30 |  |  |  | - |  |  |  | 30 |
Other liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other payable |  |  | - |  |  |  | - |  |  |  | 4 |  |  |  | - |  |  |  | 4 |
Liabilities of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable interest entity notes |  |  | - |  |  |  | 124 |  |  |  | 348 |  |  |  | - |  |  |  | 472 |
Total liabilities |  | $ | - |  |  | $ | 278 |  |  | $ | 498 |  |  | $ | - |  |  | $ | 776 |
(1) - | Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.
|  | Fair Value Measurements at Reporting Date Using |  |  |  |
In millions |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Balance as of December 31, 2018 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government agency |  | $ | 1,028 |  |  | $ | 90 |  |  | $ | - |  |  | $ | 1,118 |
State and municipal bonds |  |  | - |  |  |  | 728 |  |  |  | - |  |  |  | 728 |
Foreign governments |  |  | - |  |  |  | 9 |  |  |  | - |  |  |  | 9 |
Corporate obligations |  |  | - |  |  |  | 1,410 |  |  |  | - |  |  |  | 1,410 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed agency |  |  | - |  |  |  | 219 |  |  |  | - |  |  |  | 219 |
Residential mortgage-backed non-agency |  |  | - |  |  |  | 28 |  |  |  | - |  |  |  | 28 |
Commercial mortgage-backed |  |  | - |  |  |  | 47 |  |  |  | 7 |  |  |  | 54 |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | - |  |  |  | 121 |  |  |  | - |  |  |  | 121 |
Other asset-backed |  |  | - |  |  |  | 181 |  |  |  | 3 |  |  |  | 184 |
Total fixed-maturity investments |  |  | 1,028 |  |  |  | 2,833 |  |  |  | 10 |  |  |  | 3,871 |
Money market securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 67 | (1)
Perpetual debt and equity securities |  |  | 23 |  |  |  | 35 |  |  |  | - |  |  |  | 58 |
Fixed-income fund |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 75 | (1)
Cash and cash equivalents |  |  | 222 |  |  |  | - |  |  |  | - |  |  |  | 222 |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-insured derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 2 |
|  | Fair Value Measurements at Reporting Date Using |  |  |
In millions |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Balance as of December 31, 2018 |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate obligations |  |  | - |  |  |  | 9 |  |  |  | 5 |  |  |  | 14 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed non-agency |  |  | - |  |  |  | 92 |  |  |  | - |  |  |  | 92 |
Commercial mortgage-backed |  |  | - |  |  |  | 34 |  |  |  | - |  |  |  | 34 |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | - |  |  |  | 6 |  |  |  | 1 |  |  |  | 7 |
Other asset-backed |  |  | - |  |  |  | 10 |  |  |  | - |  |  |  | 10 |
Cash |  |  | 58 |  |  |  | - |  |  |  | - |  |  |  | 58 |
Loans receivable at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential loans receivable |  |  | - |  |  |  | - |  |  |  | 172 |  |  |  | 172 |
Loan repurchase commitments |  |  | - |  |  |  | - |  |  |  | 418 |  |  |  | 418 |
Other assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Currency derivatives |  |  | - |  |  |  | - |  |  |  | 17 |  |  |  | 17 |
Other |  |  | - |  |  |  | - |  |  |  | 14 |  |  |  | 14 |
Total assets |  | $ | 1,331 |  |  | $ | 3,021 |  |  | $ | 637 |  |  | $ | 5,131 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Medium-term notes |  | $ | - |  |  | $ | - |  |  | $ | 102 |  |  | $ | 102 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insured derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit derivatives |  |  | - |  |  |  | 2 |  |  |  | 33 |  |  |  | 35 |
Non-insured derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives |  |  | - |  |  |  | 157 |  |  |  | - |  |  |  | 157 |
Other |  |  | - |  |  |  | - |  |  |  | 7 |  |  |  | 7 |
Other liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other payable |  |  | - |  |  |  | - |  |  |  | 5 |  |  |  | 5 |
Liabilities of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable interest entity notes |  |  | - |  |  |  | 114 |  |  |  | 366 |  |  |  | 480 |
Total liabilities |  | $ | - |  |  | $ | 273 |  |  | $ | 513 |  |  | $ | 786 |
(1) | - Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.
Fair Value Hierarchy Table Presents The Company's Assets And Liabilities Not Recorded At Fair Value On The Company's Consolidated Balance Sheet |
|  | Fair Value Measurements at Reporting Date Using |  |  |  |  |  |  |  |
In millions |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Fair Value Balance as of September 30, 2019 |  |  | Carry Value Balance as of September 30, 2019 |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other investments |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments held-to-maturity |  |  | - |  |  |  | - |  |  |  | 977 |  |  |  | 977 |  |  |  | 890 |  |
Total assets |  | $ | - |  |  | $ | - |  |  | $ | 977 |  |  | $ | 977 |  |  | $ | 890 |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | $ | - |  |  | $ | 1,092 |  |  | $ | - |  |  | $ | 1,092 |  |  | $ | 2,199 |  |
Medium-term notes |  |  | - |  |  |  | - |  |  |  | 400 |  |  |  | 400 |  |  |  | 564 |  |
Investment agreements |  |  | - |  |  |  | - |  |  |  | 414 |  |  |  | 414 |  |  |  | 310 |  |
Liabilities of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable interest entity notes |  |  | - |  |  |  | 290 |  |  |  | 977 |  |  |  | 1,267 |  |  |  | 1,160 |  |
Total liabilities |  | $ | - |  |  | $ | 1,382 |  |  | $ | 1,791 |  |  | $ | 3,173 |  |  | $ | 4,233 |  |
Financial Guarantees: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross liability (recoverable) |  | $ | - |  |  | $ | - |  |  | $ | 1,236 |  |  | $ | 1,236 |  |  | $ | (485 | ) |
Ceded |  |  | - |  |  |  | - |  |  |  | 78 |  |  |  | 78 |  |  |  | 21 |  |
|  | Fair Value Measurements at Reporting Date Using |  |  |  |  |  |  |  |
In millions |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Fair Value Balance as of December 31, 2018 |  |  | Carry Value Balance as of December 31, 2018 |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other investments |  | $ | - |  |  | $ | 1 |  |  | $ | - |  |  | $ | 1 |  |  | $ | 1 |  |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments held-to-maturity |  |  | - |  |  |  | - |  |  |  | 925 |  |  |  | 925 |  |  |  | 890 |  |
Total assets |  | $ | - |  |  | $ | 1 |  |  | $ | 925 |  |  | $ | 926 |  |  | $ | 891 |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | $ | - |  |  | $ | 1,101 |  |  | $ | - |  |  | $ | 1,101 |  |  | $ | 2,249 |  |
Medium-term notes |  |  | - |  |  |  | - |  |  |  | 422 |  |  |  | 422 |  |  |  | 620 |  |
Investment agreements |  |  | - |  |  |  | - |  |  |  | 388 |  |  |  | 388 |  |  |  | 311 |  |
Liabilities of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable interest entity notes |  |  | - |  |  |  | 378 |  |  |  | 925 |  |  |  | 1,303 |  |  |  | 1,264 |  |
Total liabilities |  | $ | - |  |  | $ | 1,479 |  |  | $ | 1,735 |  |  | $ | 3,214 |  |  | $ | 4,444 |  |
Financial Guarantees: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross liability (recoverable) |  | $ | - |  |  | $ | - |  |  | $ | 993 |  |  | $ | 993 |  |  | $ | (43 | ) |
Ceded |  |  | - |  |  |  | - |  |  |  | 65 |  |  |  | 65 |  |  |  | 35 |  |
Changes In Level 3 Assets Measured At Fair Value On A Recurring Basis | Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended September 30, 2019
In millions |  | Balance, Beginning of Period |  | Realized Gains / (Losses) |  | Unrealized Gains / (Losses) Included in Earnings |  | Unrealized Gains / (Losses) Included in OCI |  | Foreign Exchange Recognized in OCI or Earnings |  | Purchases |  | Issuances |  | Settlements |  | Sales |  | Transfers into Level 3 (1) |  | Transfers out of Level 3 (1) |  | Ending Balance |  | Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets still held as of September 30, 2019
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage-backed |  | $ | 4 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (1 | ) |  | $ | - |  |  | $ | - |  |  | $ | (3 | ) |  | $ | - |  |  | $ | - |
Other asset-backed |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | - |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans receivable- residential |  |  | 154 |  |  |  | - |  |  |  | (3 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (5 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 146 |  |  |  | (3 | )
Loan repurchase commitments |  |  | 428 |  |  |  | - |  |  |  | 50 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 478 |  |  |  | 50 |
Currency derivatives |  |  | 11 |  |  |  | - |  |  |  | (4 | ) |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 8 |  |  |  | (4 | )
Other |  |  | 15 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 17 |  |  |  | 2 |
Total assets |  | $ | 613 |  |  | $ | - |  |  | $ | 45 |  |  | $ | - |  |  | $ | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | (6 | ) |  | $ | - |  |  | $ | - |  |  | $ | (3 | ) |  | $ | 650 |  |  | $ | 45 |
Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended September 30, 2018
In millions |  | Balance, Beginning of Period |  | Realized Gains / (Losses) |  | Unrealized Gains / (Losses) Included in Earnings |  | Unrealized Gains / (Losses) Included in OCI |  | Foreign Exchange Recognized in OCI or Earnings |  | Purchases |  | Issuances |  | Settlements |  | Sales |  | Transfers into Level 3 (1) |  | Transfers out of Level 3 (1) |  | Ending Balance |  | Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets still held as of September 30, 2018
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage-backed |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 7 |  |  | $ | - |  |  | $ | 7 |  |  | $ | - |
Other asset-backed |  |  | 6 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2 | ) |  |  | 4 |  |  |  | - |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate obligations |  |  | 5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5 |  |  |  | - |
Collateralized debt obligations |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | - |
Loans receivable-residential |  |  | 683 |  |  |  | - |  |  |  | 20 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (24 | ) |  |  | (251 | ) |  |  | - |  |  |  | - |  |  |  | 428 |  |  |  | 21 |
Loan repurchase commitments |  |  | 415 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 415 |  |  |  | - |
Currency derivatives |  |  | 14 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | (2 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14 |  |  |  | - |
Other |  |  | 14 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 15 |  |  |  | 1 |
Total assets |  | $ | 1,138 |  |  | $ | - |  |  | $ | 23 |  |  | $ | - |  |  | $ | (2 | ) |  | $ | - |  |  | $ | - |  |  | $ | (24 | ) |  | $ | (251 | ) |  | $ | 7 |  |  | $ | (2 | ) |  | $ | 889 |  |  | $ | 22 |
Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Nine Months Ended September 30, 2019
In millions |  | Balance, Beginning of Year |  | Realized Gains / (Losses) |  | Unrealized Gains / (Losses) Included in Earnings |  | Unrealized Gains / (Losses) Included in OCI |  | Foreign Exchange Recognized in OCI or Earnings |  | Purchases |  | Issuances |  | Settlements |  | Sales |  | Transfers into Level 3 (1) |  | Transfers out of Level 3 (1) |  | Ending Balance |  | Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets still held as of September 30, 2019
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage-backed |  | $ | 7 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (4 | ) |  | $ | - |  |  | $ | - |  |  | $ | (3 | ) |  | $ | - |  |  | $ | - |
Other asset-backed |  |  | 3 |  |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | - |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate obligations |  |  | 5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2 | ) |  |  | - |  |  |  | - |  |  |  | (3 | ) |  |  | - |  |  |  | - |
Collateralized debt obligations |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Loans receivable-residential |  |  | 172 |  |  |  | - |  |  |  | 40 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (18 | ) |  |  | (48 | ) |  |  | - |  |  |  | - |  |  |  | 146 |  |  |  | 35 |
Loan repurchase commitments |  |  | 418 |  |  |  | - |  |  |  | 60 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 478 |  |  |  | 60 |
Currency derivatives |  |  | 17 |  |  |  | - |  |  |  | (9 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 8 |  |  |  | (9 | )
Other |  |  | 14 |  |  |  | - |  |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 17 |  |  |  | 3 |
Total assets |  | $ | 637 |  |  | $ | (1 | ) |  | $ | 94 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (25 | ) |  | $ | (49 | ) |  | $ | - |  |  | $ | (6 | ) |  | $ | 650 |  |  | $ | 89 |
Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Nine Months Ended September 30, 2018
In millions |  | Balance, Beginning of Year |  | Realized Gains / (Losses) |  | Unrealized Gains / (Losses) Included in Earnings |  | Unrealized Gains / (Losses) Included in OCI |  | Foreign Exchange Recognized in OCI or Earnings |  | Purchases |  | Issuances |  | Settlements |  | Sales |  | Transfers into Level 3 (1) |  | Transfers out of Level 3 (1) |  | Ending Balance |  | Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets still held as of September 30, 2018
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate obligations |  | $ | 2 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (2 | ) |  | $ | - |  |  | $ | - |
Commercial mortgage- backed |  |  | 7 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7 |  |  |  | (7 | ) |  |  | 7 |  |  |  | - |
Other asset- backed |  |  | 5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5 |  |  |  | - |  |  |  | (2 | ) |  |  | (2 | ) |  |  | - |  |  |  | (2 | ) |  |  | 4 |  |  |  | - |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate obligations |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | 6 |  |  |  | - |  |  |  | 5 |  |  |  | - |
Commercial mortgage- backed |  |  | 6 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (6) |  |  |  | - |  |  |  | - |
Collateralized debt obligations |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | - |
Loans receivable-residential |  |  | 759 |  |  |  | - |  |  |  | 26 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (106 | ) |  |  | (251 | ) |  |  | - |  |  |  | - |  |  |  | 428 |  |  |  | 23 |
Loans receivable-corporate |  |  | 920 |  |  |  | - |  |  |  | 11 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (6 | ) |  |  | (925 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Loan repurchase commitments |  |  | 407 |  |  |  | - |  |  |  | 8 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 415 |  |  |  | 8 |
Currency derivatives |  |  | 19 |  |  |  | - |  |  |  | (3 | ) |  |  | - |  |  |  | (2 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14 |  |  |  | (5 | )
Other |  |  | 14 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 15 |  |  |  | 1 |
Total assets |  | $ | 2,140 |  |  | $ | - |  |  | $ | 43 |  |  | $ | - |  |  | $ | (2 | ) |  | $ | 5 |  |  | $ | - |  |  | $ | (115 | ) |  | $ | (1,178 | ) |  | $ | 13 |  |  | $ | (17) |  |  | $ | 889 |  |  | $ | 27 |
Changes In Level 3 Liabilities Measured At Fair Value On A Recurring Basis |
In millions |  | Balance, Beginning of Period |  | Realized (Gains) / Losses |  | Unrealized (Gains) / Losses Included in Earnings |  | Unrealized (Gains) / Losses Included in Credit Risk in OCI |  | Foreign Exchange Recognized in OCI or Earnings |  | Purchases |  | Issuances |  | Settlements |  | Sales |  | Transfers into Level 3 (1) |  | Transfers out of Level 3 (1) |  | Ending Balance |  | Change in Unrealized (Gains) Losses for the Period Included in Earnings for Liabilities still held as of September 30, 2019
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Medium-term notes |  | $ | 110 |  |  | $ | - |  |  | $ | 3 |  |  | $ | (5) |  |  | $ | (2 | ) |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 106 |  |  | $ | 1 |
Credit derivatives |  |  | 18 |  |  |  | 10 |  |  |  | (9 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (9 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10 |  |  |  | (9 | )
Other derivatives |  |  | 16 |  |  |  | - |  |  |  | 14 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 30 |  |  |  | 14 |
Other payable |  |  | 3 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4 |  |  |  | 1 |
Liabilities of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VIE notes |  |  | 342 |  |  |  | 14 |  |  |  | (9 | ) |  |  | 10 |  |  |  | (2 | ) |  |  | - |  |  |  | 3 |  |  |  | (10 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 348 |  |  |  | (11 | )
Total liabilities |  | $ | 489 |  |  | $ | 24 |  |  | $ | - |  |  | $ | 5 |  |  | $ | (4 | ) |  | $ | - |  |  | $ | 3 |  |  | $ | (19 | ) |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 498 |  |  | $ | (4 | )
(1) - | Transferred in and out at the end of the period.
In millions |  | Balance, Beginning of Period |  | Realized (Gains) / Losses |  | Unrealized (Gains) / Losses Included in Earnings |  | Unrealized (Gains) / Losses Included in OCI |  | Foreign Exchange Recognized in OCI or Earnings |  | Purchases |  | Issuances |  | Settlements |  | Sales |  | Transfers into Level 3 (1) |  | Transfers out of Level 3 (1) |  | Ending Balance |  | Change in Unrealized (Gains) Losses for the Period Included in Earnings for Liabilities still held as of September 30, 2018
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Medium-term notes |  | $ | 149 |  |  | $ | (5) |  |  | $ | (1 | ) |  | $ | 11 |  |  | $ | (1 | ) |  | $ | - |  |  | $ | - |  |  | $ | (30 | ) |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 123 |  |  | $ | (2 | )
Credit derivatives |  |  | 31 |  |  |  | 6 |  |  |  | (4 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (6 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 27 |  |  |  | (4 | )
Other derivatives |  |  | 4 |  |  |  | - |  |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7 |  |  |  | 3 |
Other payable |  |  | 5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5 |  |  |  | - |
Liabilities of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VIE notes |  |  | 389 |  |  |  | 10 |  |  |  | 3 |  |  |  | (11 | ) |  |  | 5 |  |  |  | - |  |  |  | 1 |  |  |  | (15 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 382 |  |  |  | 8 |
Total liabilities |  | $ | 578 |  |  | $ | 11 |  |  | $ | 1 |  |  | $ | - |  |  | $ | 4 |  |  | $ | - |  |  | $ | 1 |  |  | $ | (51 | ) |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 544 |  |  | $ | 5 |
(1) - | Transferred in and out at the end of the period.
In millions |  | Balance, Beginning of Year |  | Realized (Gains) / Losses |  | Unrealized (Gains) / Losses Included in Earnings |  | Unrealized (Gains) / Losses Included in Credit Risk in OCI |  | Foreign Exchange Recognized in OCI or Earnings |  | Purchases |  | Issuances |  | Settlements |  | Sales |  | Transfers into Level 3 (1) |  | Transfers out of Level 3 (1) |  | Ending Balance |  | Change in Unrealized (Gains) Losses for the Period Included in Earnings for Liabilities still held as of September 30, 2019
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Medium-term notes |  | $ | 102 |  |  | $ | - |  |  | $ | 8 |  |  | $ | 1 |  |  | $ | (2 | ) |  | $ | - |  |  | $ | - |  |  | $ | (3 | ) |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 106 |  |  | $ | 1 |
Credit derivatives |  |  | 33 |  |  |  | 11 |  |  |  | (23 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (11 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10 |  |  |  | (23 | )
Other derivatives |  |  | 7 |  |  |  | - |  |  |  | 23 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 30 |  |  |  | 23 |
Other payable |  |  | 5 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (3 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4 |  |  |  | 2 |
Liabilities of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VIE notes |  |  | 366 |  |  |  | 21 |  |  |  | 33 |  |  |  | 3 |  |  |  | (1 | ) |  |  | - |  |  |  | 7 |  |  |  | (21 | ) |  |  | (60 | ) |  |  | - |  |  |  | - |  |  |  | 348 |  |  |  | 32 |
Total liabilities |  | $ | 513 |  |  | $ | 32 |  |  | $ | 43 |  |  | $ | 4 |  |  | $ | (3 | ) |  | $ | - |  |  | $ | 7 |  |  | $ | (38 | ) |  | $ | (60 | ) |  | $ | - |  |  | $ | - |  |  | $ | 498 |  |  | $ | 35 |
(1) - | Transferred in and out at the end of the period.
In millions |  | Balance, Beginning of Year |  | Realized (Gains) / Losses |  | Unrealized (Gains) / Losses Included in Earnings |  | Unrealized (Gains) / Losses Included in OCI |  | Foreign Exchange Recognized in OCI or Earnings |  | Purchases |  | Issuances |  | Settlements |  | Sales |  | Transfers into Level 3 (1) |  | Transfers out of Level 3 (1) |  | Ending Balance |  | Change in Unrealized (Gains) Losses for the Period Included in Earnings for Liabilities still held as of September 30, 2018
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Medium-term notes |  | $ | 115 |  |  | $ | (5) |  |  | $ | (1) |  |  | $ | 51 |  |  | $ | (7) |  |  | $ | - |  |  | $ | - |  |  | $ | (30) |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 123 |  |  | $ | (8) |
Credit derivatives |  |  | 63 |  |  |  | 49 |  |  |  | (36) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (49) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 27 |  |  |  | (36) |
Other derivatives |  |  | 4 |  |  |  | - |  |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7 |  |  |  | 3 |
Other payable |  |  | 7 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (4) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5 |  |  |  | 2 |
Liabilities of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VIE notes |  |  | 406 |  |  |  | 22 |  |  |  | (12) |  |  |  | (10) |  |  |  | 3 |  |  |  | - |  |  |  | 7 |  |  |  | (34) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 382 |  |  |  | (9) |
Total liabilities |  | $ | 595 |  |  | $ | 66 |  |  | $ | (44) |  |  | $ | 41 |  |  | $ | (4) |  |  | $ | - |  |  | $ | 7 |  |  | $ | (117) |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 544 |  |  | $ | (48) |
(1) - | Transferred in and out at the end of the period.
Gains And Losses (Realized And Unrealized) Included In Earnings Pertaining To Level 3 Assets And Liabilities |
|  | Three Months Ended September 30, 2019 |  | Three Months Ended September 30, 2018
In millions |  | Total Gains (Losses) Included in Earnings |  | Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets and Liabilities still held as of September 30, 2019 |  | Total Gains (Losses) Included in Earnings |  | Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets and Liabilities still held as of September 30, 2018 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gains (losses) on insured derivatives |  | $ | 9 |  |  | $ | 9 |  |  | $ | 4 |  |  | $ | 4 |
Realized gains (losses) and other settlements on insured derivatives |  |  | (10 | ) |  |  | - |  |  |  | (6 | ) |  |  | - |
Net gains (losses) on financial instruments at fair value and foreign exchange |  |  | (15 | ) |  |  | (15 | ) |  |  | 4 |  |  |  | (1 | )
Other net realized gains (losses) |  |  | (1 | ) |  |  | (1 | ) |  |  | - |  |  |  | - |
Revenues of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net gains (losses) on financial instruments at fair value and foreign exchange |  |  | 43 |  |  |  | 56 |  |  |  | 3 |  |  |  | 14 |
Total |  | $ | 26 |  |  | $ | 49 |  |  | $ | 5 |  |  | $ | 17 |
|  | Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
In millions |  | Total Gains (Losses) Included in Earnings |  | Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets and Liabilities still held as of September 30, 2019 |  | Total Gains (Losses) Included in Earnings |  | Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets and Liabilities still held as of September 30, 2018 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gains (losses) on insured derivatives |  | $ | 23 |  |  | $ | 23 |  |  | $ | 36 |  |  | $ | 36 |
Realized gains (losses) and other settlements on insured derivatives |  |  | (11 | ) |  |  | - |  |  |  | (49 | ) |  |  | - |
Net gains (losses) on financial instruments at fair value and foreign exchange |  |  | (24 | ) |  |  | (24 | ) |  |  | 10 |  |  |  | 5 |
Net investment losses related to other-than-temporary impairments |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | - |
Other net realized gains (losses) |  |  | (2 | ) |  |  | (2 | ) |  |  | (2 | ) |  |  | (2 | )
Revenues of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net gains (losses) on financial instruments at fair value and foreign exchange |  |  | 41 |  |  |  | 57 |  |  |  | 28 |  |  |  | 36 |
Total |  | $ | 26 |  |  | $ | 54 |  |  | $ | 23 |  |  | $ | 75 |
Changes In Fair Value Included In The Company's Consolidated Statements Of Operations |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
In millions |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
Investments carried at fair value (1) |  | $ | 2 |  |  | $ | 1 |  |  | $ | 13 |  |  | $ | (4 | )
Fixed-maturity securities held at fair value-VIE (2) |  |  | 38 |  |  |  | (7 | ) |  |  | 94 |  |  |  | (19 | )
Loans receivable at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans (2) |  |  | (3 | ) |  |  | (3 | ) |  |  | 40 |  |  |  | (79 | )
Corporate loans (2) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 11 |
Loan repurchase commitments (2) |  |  | 50 |  |  |  | - |  |  |  | 60 |  |  |  | 9 |
Other assets-VIE (2) |  |  | 2 |  |  |  | 1 |  |  |  | 3 |  |  |  | 1 |
Medium-term notes (1) |  |  | (1 | ) |  |  | 7 |  |  |  | (1 | ) |  |  | 14 |
Other liabilities (3) |  |  | - |  |  |  | - |  |  |  | (2 | ) |  |  | (2 | )
Variable interest entity notes (2) |  |  | 3 |  |  |  | 23 |  |  |  | (77 | ) |  |  | 106 |
(1) - | Reported within “Net gains (losses) on financial instruments at fair value and foreign exchange” on MBIA’s consolidated statements of operations.
(2) - | Reported within “Net gains (losses) on financial instruments at fair value and foreign exchange-VIE” on MBIA’s consolidated statements of operations.
(3) - | Reported within “Other net realized gains (losses)” on MBIA’s consolidated statements of operations.
Difference Between Aggregate Fair Value And The Aggregate Remaining Contractual Principal Balance Outstanding |
|  | As of September 30, 2019 |  |  | As of December 31, 2018 |
|  | Contractual |  |  |  |  |  |  |  |  | Contractual |  |  |  |  |  |  |
|  | Outstanding |  |  | Fair |  |  |  |  |  | Outstanding |  |  | Fair |  |  |  |
In millions |  | Principal |  |  | Value |  |  | Difference |  |  | Principal |  |  | Value |  |  | Difference |
Loans receivable at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans |  | $ | 109 |  |  | $ | 109 |  |  | $ | - |  |  | $ | 168 |  |  | $ | 164 |  |  | $ | 4 |
Residential mortgage loans (90 days or more past due) |  |  | 147 |  |  |  | 37 |  |  |  | 110 |  |  |  | 153 |  |  |  | 8 |  |  |  | 145 |
Total loans receivable and other instruments at fair value |  | $ | 256 |  |  | $ | 146 |  |  | $ | 110 |  |  | $ | 321 |  |  | $ | 172 |  |  | $ | 149 |
Variable interest entity notes |  | $ | 1,183 |  |  | $ | 472 |  |  | $ | 711 |  |  | $ | 1,295 |  |  | $ | 480 |  |  | $ | 815 |
Medium-term notes |  | $ | 109 |  |  | $ | 106 |  |  | $ | 3 |  |  | $ | 114 |  |  | $ | 102 |  |  | $ | 12 |

X
- Definition Difference Between The Aggregate Fair Value And The Aggregate Remaining Contractual Principal Balance Outstanding For Loans And Long Term Debt For Which Fair Value Option Has Been Elected [Text Block] + References No definition available. + Details
Name: | mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTableTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about asset and liability measured at fair value under fair value option. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14210-108612 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14217-108612 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612 + Details
Name: | us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13433-108611 + Details
Name: | us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration