XML 76 R65.htm IDEA: XBRL DOCUMENT v3.21.1
Business Segments (Summary Of Company's Segment Results) (Detail) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Segment Reporting Information [Line Items]      
Revenues [1] $ 35 $ 43  
Net gains (losses) on financial instruments at fair value and foreign exchange 51 (63)  
Revenues of consolidated VIEs (14) 14  
Inter-segment revenues [2] 0 0  
Total revenues 72 (6)  
Losses and loss adjustment 98 243  
Operating 28 20  
Interest 41 47  
Expenses of consolidated VIEs 11 17  
Inter-segment expenses [2] 0 0  
Total expenses 178 327  
Income (loss) before income taxes (106) (333)  
Identifiable assets 5,375   $ 5,751
Operating Segments [Member] | US Public Finance [Member]      
Segment Reporting Information [Line Items]      
Revenues [1] 23 30  
Net gains (losses) on financial instruments at fair value and foreign exchange (3) (18)  
Revenues of consolidated VIEs 0 0  
Inter-segment revenues [2] 8 7  
Total revenues 28 19  
Losses and loss adjustment 109 48  
Operating 4 2  
Interest 0 0  
Expenses of consolidated VIEs 0 0  
Inter-segment expenses [2] 14 14  
Total expenses 127 64  
Income (loss) before income taxes (99) (45)  
Identifiable assets 3,562    
Operating Segments [Member] | Corporate Operations [Member]      
Segment Reporting Information [Line Items]      
Revenues [1] 5 6  
Net gains (losses) on financial instruments at fair value and foreign exchange 55 (56)  
Revenues of consolidated VIEs 0 0  
Inter-segment revenues [2] 18 18  
Total revenues 78 (32)  
Losses and loss adjustment 0 0  
Operating 21 14  
Interest 14 16  
Expenses of consolidated VIEs 0 0  
Inter-segment expenses [2] 6 6  
Total expenses 41 36  
Income (loss) before income taxes 37 (68)  
Identifiable assets 899    
Operating Segments [Member] | International And Structured Finance Insurance [Member]      
Segment Reporting Information [Line Items]      
Revenues [1] 7 7  
Net gains (losses) on financial instruments at fair value and foreign exchange (1) 11  
Revenues of consolidated VIEs (14) 14  
Inter-segment revenues [2] 4 4  
Total revenues (4) 36  
Losses and loss adjustment (11) 195  
Operating 3 4  
Interest 27 31  
Expenses of consolidated VIEs 11 17  
Inter-segment expenses [2] 10 9  
Total expenses 40 256  
Income (loss) before income taxes (44) (220)  
Identifiable assets 3,477    
Intersegment Elimination [Member]      
Segment Reporting Information [Line Items]      
Revenues [1] 0 0  
Net gains (losses) on financial instruments at fair value and foreign exchange 0 0  
Revenues of consolidated VIEs 0 0  
Inter-segment revenues [2] (30) (29)  
Total revenues (30) (29)  
Losses and loss adjustment 0 0  
Operating 0 0  
Interest 0 0  
Expenses of consolidated VIEs 0 0  
Inter-segment expenses [2] (30) (29)  
Total expenses (30) (29)  
Income (loss) before income taxes 0 $ 0  
Identifiable assets [3] $ (2,563)    
[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 principally of intercompany reinsurance balances.