In loss position for | ||||||||||||
Less than 12 months | 12 months or more | |||||||||||
Gross | Gross | |||||||||||
Estimated | unrealized | Estimated | unrealized | |||||||||
December 31 (In millions) | fair value | (a) | losses | (a)(b) | fair value | losses | (b) | |||||
2013 | ||||||||||||
Debt | ||||||||||||
U.S. corporate | $ | 2,170 | $ | (122) | $ | 598 | $ | (95) | ||||
State and municipal | 1,076 | (82) | 367 | (109) | ||||||||
Residential mortgage-backed | 232 | (11) | 430 | (37) | ||||||||
Commercial mortgage-backed | 396 | (24) | 780 | (58) | ||||||||
Asset-backed | 112 | (2) | 359 | (44) | ||||||||
Corporate - non-U.S. | 108 | (4) | 454 | (83) | ||||||||
Government - non-U.S. | 1,479 | (6) | 42 | (1) | ||||||||
U.S. government and federal agency | 229 | (27) | 254 | - | ||||||||
Retained interests | 2 | - | - | - | ||||||||
Equity | 253 | (44) | - | - | ||||||||
Total | $ | 6,057 | $ | (322) | $ | 3,284 | $ | (427) | ||||
2012 | ||||||||||||
Debt | ||||||||||||
U.S. corporate | $ | 434 | $ | (7) | $ | 813 | $ | (295) | ||||
State and municipal | 146 | (2) | 326 | (111) | ||||||||
Residential mortgage-backed | 98 | (1) | 691 | (118) | ||||||||
Commercial mortgage-backed | 37 | - | 979 | (95) | ||||||||
Asset-backed | 18 | (1) | 658 | (76) | ||||||||
Corporate - non-U.S. | 167 | (8) | 602 | (118) | ||||||||
Government - non-U.S. | 201 | (1) | 37 | (2) | ||||||||
U.S. government and federal agency | - | - | - | - | ||||||||
Retained interests | 3 | - | - | - | ||||||||
Equity | 26 | (3) | - | - | ||||||||
Total | $ | 1,130 | $ | (23) | $ | 4,106 | $ | (815) | ||||