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The tables below summarize our derivatives and securities lending transactions as of December 31, and as reflected
in the tables, in accordance with U.S. GAAP, our policy is to not offset these financial instruments in the Consolidated
Balance Sheets.
Offsetting of Financial Assets and Derivative Assets
2016
Gross Amounts Not Offset
in Balance Sheet
(In millions)
Gross
Amount of
Recognized
Assets
Gross
Amount
Offset in
Balance
Sheet
Net Amount
of Assets
Presented
in Balance
Sheet
Financial
Instruments
Securities
Collateral
Cash
Collateral
Received
Net
Amount
Derivative
assets:
Derivative
assets subject to a
master netting
agreement or
offsetting
arrangement
$ 1,080
$ 0
$ 1,080
$ (698)
$
0
$ (382)
$ 0
Derivative
assets not subject
to a master netting
agreement or
offsetting
arrangement
127
127
127
Total derivative
assets
1,207
0
1,207
(698)
0
(382)
127
Securities lending
and similar
arrangements
513
0
513
0
0
(513)
0
Total
$ 1,720
$ 0
$ 1,720
$ (698)
$
0
$ (895)
$127
2015
Gross Amounts Not Offset
in Balance Sheet
(In millions)
Gross
Amount of
Recognized
Assets
Gross
Amount
Offset in
Balance
Sheet
Net Amount
of Assets
Presented in
Balance
Sheet
Financial
Instruments
Securities
Collateral
Cash
Collateral
Received
Net
Amount
Derivative
assets:
Derivative
assets subject to a
master netting
agreement or
offsetting
arrangement
$ 574
$ 0
$ 574
$ (51)
$ (190)
$ (326)
$ 7
Derivative
assets not subject
to a master netting
agreement or
offsetting
arrangement
102
102
102
Total derivative
assets
676
0
676
(51)
(190)
(326)
109
Securities lending
and similar
arrangements
921
0
921
0
0
(921)
0
Total
$ 1,597
$ 0
$ 1,597
$ (51)
$ (190)
$(1,247)
$109
120