v2.4.0.6
Fair Value Disclosures (Amount by Which Contractual Principal Amount Exceeds Fair Value) (Details) (USD $)
In Billions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Fair Value Disclosures    
Short-term and long-term debt borrowings $ 1.4 [1] $ 2.5 [1]
Loans 26.7 [2] 27.2 [2]
Loans 90 or more days past due and/or on non-accrual status 21.9 [2],[3] 22.1 [2],[3]
Aggregate fair value of loans in non-accrual status including all loans 90 or more days past due 1.3 2.0
Amounts past due 90 days or greater (unpaid principal balance) $ 0.8 $ 1.5
[1] These amounts do not include structured notes where the repayment of the initial principal amount fluctuates based on changes in the reference price or index.
[2] The majority of this difference between principal and fair value amounts emanates from the Company’s distressed debt trading business, which purchases distressed debt at amounts well below par.
[3] The aggregate fair value of loans that were in non-accrual status, which includes all loans 90 or more days past due, was $1.3 billion and $2.0 billion at June 30, 2012 and December 31, 2011, respectively. The aggregate fair value of loans that were 90 or more days past due was $0.8 billion and $1.5 billion at June 30, 2012 and December 31, 2011, respectively.