2012 Q1 Form 10-Q Financial Statement

#000009238012000016 Filed on April 25, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q1
Revenue $3.991B $3.103B
YoY Change 28.62% 17.98%
Cost Of Revenue $1.851B $1.285B
YoY Change 44.05% 21.46%
Gross Profit $2.139B $1.818B
YoY Change 17.66% 15.65%
Gross Profit Margin 53.6% 58.59%
Selling, General & Admin $1.412B $1.153B
YoY Change 22.46% 11.94%
% of Gross Profit 66.01% 63.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $201.0M $155.0M
YoY Change 29.68% 0.65%
% of Gross Profit 9.4% 8.53%
Operating Expenses $3.969B $2.989B
YoY Change 32.79% 96.9%
Operating Profit $22.00M $114.0M
YoY Change -80.7% 111.11%
Interest Expense $138.0M -$96.00M
YoY Change -243.75% 159.46%
% of Operating Profit 627.27% -84.21%
Other Income/Expense, Net $137.0M -$96.00M
YoY Change -242.71%
Pretax Income $159.0M $18.00M
YoY Change 783.33% 5.88%
Income Tax $61.00M $13.00M
% Of Pretax Income 38.36% 72.22%
Net Earnings $98.00M $5.000M
YoY Change 1860.0% -54.55%
Net Earnings / Revenue 2.46% 0.16%
Basic Earnings Per Share $0.13 $0.01
Diluted Earnings Per Share $0.13 $0.01
COMMON SHARES
Basic Shares Outstanding 771.0M shares 748.0M shares
Diluted Shares Outstanding 772.0M shares 749.0M shares

Balance Sheet

Concept 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.784B $4.465B
YoY Change -15.25% 61.02%
Cash & Equivalents $1.558B $2.039B
Short-Term Investments $2.226B $2.426B
Other Short-Term Assets $537.0M $262.0M
YoY Change 104.96% -32.12%
Inventory $432.0M $320.0M
Prepaid Expenses
Receivables $367.0M $282.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.120B $5.329B
YoY Change -3.92% 47.17%
LONG-TERM ASSETS
Property, Plant & Equipment $12.10B $10.50B
YoY Change 15.23% -1.18%
Goodwill $970.0M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $641.0M $589.0M
YoY Change 8.83% 104.51%
Total Long-Term Assets $13.71B $11.09B
YoY Change 23.64% 1.61%
TOTAL ASSETS
Total Short-Term Assets $5.120B $5.329B
Total Long-Term Assets $13.71B $11.09B
Total Assets $18.83B $16.41B
YoY Change 14.69% 12.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.208B $916.0M
YoY Change 31.88% 32.75%
Accrued Expenses $1.024B $796.0M
YoY Change 28.64% 26.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $259.0M $905.0M
YoY Change -71.38% 432.35%
Total Short-Term Liabilities $5.047B $4.358B
YoY Change 15.81% 49.4%
LONG-TERM LIABILITIES
Long-Term Debt $3.048B $2.428B
YoY Change 25.54% -26.54%
Other Long-Term Liabilities $924.0M $545.0M
YoY Change 69.54% 4.61%
Total Long-Term Liabilities $3.972B $2.973B
YoY Change 33.6% -22.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.047B $4.358B
Total Long-Term Liabilities $3.972B $2.973B
Total Liabilities $9.019B $9.827B
YoY Change -8.22% 9.27%
SHAREHOLDERS EQUITY
Retained Earnings $5.486B
YoY Change
Common Stock $2.033B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $365.0M
YoY Change
Treasury Stock Shares
Shareholders Equity $7.097B $6.587B
YoY Change
Total Liabilities & Shareholders Equity $18.83B $16.41B
YoY Change 14.69% 12.97%

Cashflow Statement

Concept 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $98.00M $5.000M
YoY Change 1860.0% -54.55%
Depreciation, Depletion And Amortization $201.0M $155.0M
YoY Change 29.68% 0.65%
Cash From Operating Activities $1.225B $965.0M
YoY Change 26.94% 158.71%
INVESTING ACTIVITIES
Capital Expenditures $127.0M $57.00M
YoY Change 122.81% -141.01%
Acquisitions $0.00 $0.00
YoY Change
Other Investing Activities $115.0M -$174.0M
YoY Change -166.09% -4.92%
Cash From Investing Activities -$12.00M -$231.0M
YoY Change -94.81% -28.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $50.00M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$484.0M $44.00M
YoY Change -1200.0% -180.0%
NET CHANGE
Cash From Operating Activities $1.225B $965.0M
Cash From Investing Activities -$12.00M -$231.0M
Cash From Financing Activities -$484.0M $44.00M
Net Change In Cash $729.0M $778.0M
YoY Change -6.3% -19550.0%
FREE CASH FLOW
Cash From Operating Activities $1.225B $965.0M
Capital Expenditures $127.0M $57.00M
Free Cash Flow $1.098B $908.0M
YoY Change 20.93% 77.34%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2012Q1 us-gaap Basis Of Accounting
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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">1</font><font style="font-family:Times New Roman;font-size:11pt;">. </font><font style="font-family:Times New Roman;font-size:11pt;">BASIS OF PRESENTATION</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">The accompanying unaudited Condensed Consolidated Financial Statements of Southwest Airlines Co. and it</font><font style="font-family:Times New Roman;font-size:11pt;">s subsidiaries (the &#8220;Company&#8221;</font><font style="font-family:Times New Roman;font-size:11pt;">) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The unaudited Condensed Consolidated Financial Statements for the interim periods ended March 31, 2012 and 2011 include all adjustments which are, in the opinion of management, necessary for a fair presentation of the results for the interim periods. This includes all normal and recurring adjustments and elimination of significant intercompany transactions, but does not include all of the information and footnotes required by generally accepted accounting principles (&#8220;GAAP&#8221;) for complete financial statements. Financial results for the Company and airlines in general can be seasonal in nature. In many years, the Company's revenues, as well as its operating income and net income, have been better in its second and third fiscal quarters than in its first and fourth fiscal quarters. Air travel is also significantly impacted by general economic conditions, the amount of disposable income available to consumers, unemployment levels, and corporate travel budgets. These and other factors, such as the price of jet fuel in some periods, the nature of the Company's fuel hedging program, the periodic volatility of commodities used by the Company for hedging jet fuel, and the requirements related to hedge accounting, have created, and may continue to create, significant volatility in the Company's financial results. See Note </font><font style="font-family:Times New Roman;font-size:11pt;">5</font><font style="font-family:Times New Roman;font-size:11pt;"> for further information on fuel and the Company's hedging program. Operating results for the three months ended March 31, 2012 are not necessarily indicative of the results that may be expected for the year ended December 31, 2012. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Southwest Airlines Co. Annual Report on Form 10-K for the year ended December 31, 2011.</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">Certain prior period amounts have been reclassified to conform to the current presentation. </font><font style="font-family:Times New Roman;font-size:11pt;">In the unaudited Condensed Consolidated Statement of Comprehensive Income for the three months ended </font><font style="font-family:Times New Roman;font-size:11pt;">March 31,</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">2011</font><font style="font-family:Times New Roman;font-size:11pt;">, the Company has reclassified $10 million from Other revenue</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> to Passenger revenue</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> associated with its sale of frequent flyer benefits from its co-branded Chase</font><font style="font-family:Times New Roman;font-size:11pt;">&#174;</font><font style="font-family:Times New Roman;font-size:11pt;"> Visa </font><font style="font-family:Times New Roman;font-size:11pt;">credit </font><font style="font-family:Times New Roman;font-size:11pt;">card.</font></p>
CY2012Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
In the unaudited Condensed Consolidated Statement of Comprehensive Income for the three months ended March 31, 2011, the Company has reclassified $10 million from Other revenues to Passenger revenues associated with its sale of frequent flyer benefits from its co-branded Chase&#174; Visa credit card.
CY2011Q2 us-gaap Business Acquisition Name Of Acquired Entity
BusinessAcquisitionNameOfAcquiredEntity
AirTran Holdings, Inc.
CY2011Q2 us-gaap Business Acquisition Date Of Acquisition Agreement
BusinessAcquisitionDateOfAcquisitionAgreement
May 2, 2011
CY2011Q2 us-gaap Business Acquisition Purchase Price Allocation Current Assets Cash And Cash Equivalents
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsCashAndCashEquivalents
477000000 USD
CY2011Q2 luv Business Acquisition Purchase Price Allocation Current Assets Restricted Cash
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsRestrictedCash
6000000 USD
CY2011Q2 us-gaap Business Acquisition Purchase Price Allocation Current Assets Prepaid Expense And Other Assets
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsPrepaidExpenseAndOtherAssets
234000000 USD
CY2011Q2 us-gaap Business Acquisition Purchase Price Allocation Property Plant And Equipment
BusinessAcquisitionPurchasePriceAllocationPropertyPlantAndEquipment
1154000000 USD
CY2011Q2 us-gaap Business Acquisition Purchase Price Allocation Goodwill Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount
970000000 USD
CY2011Q2 us-gaap Business Acquisition Purchase Price Allocation Amortizable Intangible Assets
BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets
123000000 USD
CY2011Q2 us-gaap Business Acquisition Purchase Price Allocation Deferred Income Taxes Asset Liability Net
BusinessAcquisitionPurchasePriceAllocationDeferredIncomeTaxesAssetLiabilityNet
162000000 USD
CY2011Q2 us-gaap Business Acquisition Purchase Price Allocation Other Noncurrent Assets
BusinessAcquisitionPurchasePriceAllocationOtherNoncurrentAssets
45000000 USD
CY2011Q2 us-gaap Business Acquisition Purchase Price Allocation Noncurrent Liabilities Long Term Debt
BusinessAcquisitionPurchasePriceAllocationNoncurrentLiabilitiesLongTermDebt
1119000000 USD
CY2011Q2 luv Business Acquisition Purchase Price Allocation Noncurrent Liabilities Air Traffic Liability
BusinessAcquisitionPurchasePriceAllocationNoncurrentLiabilitiesAirTrafficLiability
354000000 USD
CY2011Q2 us-gaap Business Acquisition Purchase Price Allocation Other Noncurrent Liabilities
BusinessAcquisitionPurchasePriceAllocationOtherNoncurrentLiabilities
657000000 USD
CY2011Q2 us-gaap Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Net
BusinessAcquisitionPurchasePriceAllocationAssetsAcquiredLiabilitiesAssumedNet
1041000000 USD
CY2012Q1 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
678000000000 USD
CY2012Q1 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-11000000 USD
CY2012Q1 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
13000000 USD
CY2012Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2011Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2011Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1300000000 USD
CY2011Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1410000000 USD
CY2012Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1673000000 USD
CY2012Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1554000000 USD
CY2012Q1 us-gaap Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
-49000000 USD
CY2012Q1 luv Gain Loss On Price Risk Hedge Ineffectiveness And Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskHedgeIneffectivenessAndGainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-57000000 USD
CY2012Q1 us-gaap Gain Loss On Components Excluded From Assessment Of Price Risk Cash Flow Hedge Effectiveness
GainLossOnComponentsExcludedFromAssessmentOfPriceRiskCashFlowHedgeEffectiveness
-6000000 USD
CY2011Q1 us-gaap Gain Loss On Components Excluded From Assessment Of Price Risk Cash Flow Hedge Effectiveness
GainLossOnComponentsExcludedFromAssessmentOfPriceRiskCashFlowHedgeEffectiveness
-31000000 USD
CY2012Q1 luv Maximum Sum Of Derivatives Of Counterparty To Be Included In Other
MaximumSumOfDerivativesOfCounterpartyToBeIncludedInOther
15000000 USD
CY2012Q1 luv Cash Collateral Percent Of Fair Value Fuel Derivatives Contracts
CashCollateralPercentOfFairValueFuelDerivativesContracts
1 pure
CY2012Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000000 USD
CY2011Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3000000 USD
CY2011Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossTaxPortionAttributableToParent
2000000 USD
CY2012Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossTaxPortionAttributableToParent
2000000 USD
CY2011Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
210000000 USD
CY2012Q1 luv Other Comprehensive Income Changes In Fair Value Net Of Tax
OtherComprehensiveIncomeChangesInFairValueNetOfTax
144000000 USD
CY2012Q1 luv Other Comprehensive Income Reclassification Adjustment To Earnings Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentToEarningsNetOfTax
-23000000 USD
CY2011Q4 us-gaap Derivative Asset Fair Value Net
DerivativeAssetFairValueNet
253000000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
155000000 USD
CY2011Q4 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
97000000 USD
CY2011Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
121000000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
626000000 USD
CY2012Q1 us-gaap Other Assets
OtherAssets
641000000 USD
CY2012Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
157000000 USD
CY2012Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
147000000 USD
CY2012Q1 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
73000000 USD
CY2012Q1 us-gaap Derivative Asset Fair Value Net
DerivativeAssetFairValueNet
264000000 USD
CY2012Q1 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
104000000 USD
CY2012Q1 us-gaap Accrued Rent Current
AccruedRentCurrent
88000000 USD
CY2012Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
253000000 USD
CY2012Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
41000000 USD
CY2012Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
166000000 USD
CY2012Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
211000000 USD
CY2011Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
57000000 USD
CY2011Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
248000000 USD
CY2011Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
85000000 USD
CY2011Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
162000000 USD
CY2011Q4 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
110000000 USD
CY2012Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
56000000 USD
CY2011Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
56000000 USD
CY2012Q1 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
105000000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
68000000 USD
CY2012Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
109000000 USD
CY2011Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
107000000 USD
CY2012Q1 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
301000000 USD
CY2011Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
311000000 USD
CY2012Q1 luv Total Recorded Lfmp Construction Costs
TotalRecordedLfmpConstructionCosts
239000000 USD
CY2011Q4 luv Total Recorded Lfmp Construction Costs
TotalRecordedLfmpConstructionCosts
202000000 USD
CY2012Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
275000000 USD
CY2011Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
290000000 USD
CY2012Q1 us-gaap Debt Instrument Issuance Date
DebtInstrumentIssuanceDate
March 1, 2002
CY2012Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
385000000 USD
CY2012Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2012-03-01
CY2012Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.065 pure
CY2012Q1 luv Expected Total Cost Of Airport Project
ExpectedTotalCostOfAirportProject
519000000 USD
CY2012Q1 luv Municipal Bonds Issued
MunicipalBondsIssued
310000000 USD
CY2012Q1 luv Auction Rate Securities Auction Frequency
AuctionRateSecuritiesAuctionFrequency
30-35 days
CY2012Q1 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
13000000 USD
CY2008Q1 us-gaap Availableforsale Securities Failed Auction Value
AvailableforsaleSecuritiesFailedAuctionValue
463000000 USD
CY2012Q1 us-gaap Availableforsale Securities Sold At Par
AvailableforsaleSecuritiesSoldAtPar
382000000 USD
CY2012Q1 luv Auction Rate Securities Lower Remaining Maturity Range
AuctionRateSecuritiesLowerRemainingMaturityRange
7 Years
CY2012Q1 luv Auction Rate Securities Higher Remaining Maturity Range
AuctionRateSecuritiesHigherRemainingMaturityRange
36 Years
CY2012Q1 us-gaap Financial Instruments Owned Us Government And Agency Obligations At Fair Value
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
1994000000 USD
CY2012Q1 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
58000000 USD
CY2012Q1 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
48000000 USD
CY2012Q1 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
123000000 USD
CY2012Q1 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
125000000 USD
CY2012Q1 us-gaap Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
5573000000 USD
CY2012Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1679000000 USD
CY2011Q4 us-gaap Financial Instruments Owned Us Government And Agency Obligations At Fair Value
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
2014000000 USD
CY2011Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
66000000 USD
CY2011Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
43000000 USD
CY2011Q4 us-gaap Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
4579000000 USD
CY2011Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
132000000 USD
CY2011Q4 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
121000000 USD
CY2011Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1531000000 USD
CY2012Q1 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
-179000000 USD
CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilityGainLossIncludedInOtherComprehensiveIncomeLoss
205000000 USD
CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
172000000 USD
CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
396000000 USD
CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
14000000 USD
CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
635000000 USD
CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings
178000000 USD
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
489000000 USD

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