2017 Form 10-K Financial Statement
#000119312518067440 Filed on March 01, 2018
Income Statement
| Concept | 2017 | 2016 Q4 | 2016 |
|---|---|---|---|
| Revenue | $433.0M | -$55.00M | $294.0M |
| YoY Change | 47.28% | -118.33% | -65.53% |
| Cost Of Revenue | $683.0M | $220.0M | |
| YoY Change | 210.45% | 78.86% | |
| Gross Profit | -$250.0M | $74.00M | |
| YoY Change | -437.84% | -89.86% | |
| Gross Profit Margin | -57.74% | 25.17% | |
| Selling, General & Admin | $129.0M | $177.0M | |
| YoY Change | -27.12% | -6.84% | |
| % of Gross Profit | 239.19% | ||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | |||
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $129.0M | $125.0M | $177.0M |
| YoY Change | -27.12% | 27.55% | -6.84% |
| Operating Profit | -$379.0M | -$103.0M | |
| YoY Change | 267.96% | -119.07% | |
| Interest Expense | $197.0M | -$54.00M | $197.0M |
| YoY Change | 0.0% | -10.0% | -1.01% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$661.0M | -$238.0M | -$339.0M |
| YoY Change | 94.99% | -271.22% | -217.3% |
| Income Tax | $944.0M | $27.00M | -$1.000M |
| % Of Pretax Income | |||
| Net Earnings | -$1.605B | -$265.0M | -$338.0M |
| YoY Change | 374.85% | -423.17% | -287.78% |
| Net Earnings / Revenue | -370.67% | -114.97% | |
| Basic Earnings Per Share | -$13.50 | -$2.54 | |
| Diluted Earnings Per Share | -$13.50 | -$2.009M | -$2.54 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 118.9M shares | 135.7M shares | 133.0M shares |
| Diluted Shares Outstanding | 118.9M shares | 133.0M shares |
Balance Sheet
| Concept | 2017 | 2016 Q4 | 2016 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $122.0M | $187.0M | $163.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | |||
| YoY Change | |||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $7.813B | $8.248B | $8.248B |
| YoY Change | -5.27% | -29.26% | -29.26% |
| Other Assets | $0.00 | $1.525B | $1.525B |
| YoY Change | -100.0% | 60.36% | 60.36% |
| Total Long-Term Assets | |||
| YoY Change | |||
| TOTAL ASSETS | |||
| Total Short-Term Assets | |||
| Total Long-Term Assets | |||
| Total Assets | $9.095B | $11.14B | $11.14B |
| YoY Change | -18.34% | -24.93% | -24.93% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | |||
| YoY Change | |||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $5.506B | $1.986B | $5.504B |
| YoY Change | 0.04% | 5.13% | -34.58% |
| Other Long-Term Liabilities | $433.0M | $895.0M | $895.0M |
| YoY Change | -51.62% | 55.65% | 55.65% |
| Total Long-Term Liabilities | $5.939B | $1.986B | $6.399B |
| YoY Change | -7.19% | 5.13% | -28.81% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | |||
| Total Long-Term Liabilities | $5.939B | $1.986B | $6.399B |
| Total Liabilities | $7.670B | $7.898B | $7.898B |
| YoY Change | -2.89% | -28.81% | -28.81% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $2.700B | ||
| YoY Change | -11.13% | ||
| Common Stock | $284.0M | ||
| YoY Change | 0.71% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $2.789B | ||
| YoY Change | 4.54% | ||
| Treasury Stock Shares | 148.8M shares | ||
| Shareholders Equity | $1.425B | $3.227B | $3.239B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $9.095B | $11.14B | $11.14B |
| YoY Change | -18.34% | -24.93% | -24.93% |
Cashflow Statement
| Concept | 2017 | 2016 Q4 | 2016 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.605B | -$265.0M | -$338.0M |
| YoY Change | 374.85% | -423.17% | -287.78% |
| Depreciation, Depletion And Amortization | |||
| YoY Change | |||
| Cash From Operating Activities | -$652.0M | -$93.00M | -$149.0M |
| YoY Change | 337.58% | -4.12% | 170.91% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $1.000M | $0.00 | $1.000M |
| YoY Change | 0.0% | -66.67% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $23.00M | $188.0M | $8.000M |
| YoY Change | 187.5% | -31.39% | -117.02% |
| Cash From Investing Activities | $1.202B | $188.0M | $2.424B |
| YoY Change | -50.41% | -31.39% | 196.7% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $330.0M | $110.0M | |
| YoY Change | 200.0% | -63.82% | |
| Debt Paid & Issued, Net | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| Cash From Financing Activities | -$589.0M | -123.0M | -$2.535B |
| YoY Change | -76.77% | -3.91% | 150.0% |
| NET CHANGE | |||
| Cash From Operating Activities | -$652.0M | -93.00M | -$149.0M |
| Cash From Investing Activities | $1.202B | 188.0M | $2.424B |
| Cash From Financing Activities | -$589.0M | -123.0M | -$2.535B |
| Net Change In Cash | -$39.00M | -28.00M | -$260.0M |
| YoY Change | -85.0% | -157.14% | 3.17% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$652.0M | -$93.00M | -$149.0M |
| Capital Expenditures | $1.000M | $0.00 | $1.000M |
| Free Cash Flow | -$653.0M | -$93.00M | -$150.0M |
| YoY Change | 335.33% | -4.12% | 158.62% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q4 | us-gaap |
Cash Including Discontinued Operations
CashIncludingDiscontinuedOperations
|
0 | USD |
| CY2017 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
0 | USD |
| CY2015 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.06 | |
| CY2017 | mbi |
Net Other Than Temporary Impairments
NetOtherThanTemporaryImpairments
|
106000000 | USD |
| CY2016 | mbi |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax
|
-1000000 | USD |
| CY2016 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
7000000 | USD |
| CY2017 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
|
106000000 | USD |
| CY2016 | us-gaap |
Payments For Operating Activities
PaymentsForOperatingActivities
|
134000000 | USD |
| CY2017 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
205000000 | USD |
| CY2017 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
-206000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Two And Within Three Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate
|
35000000 | USD |
| CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2015 | us-gaap |
Payments For Operating Activities
PaymentsForOperatingActivities
|
129000000 | USD |
| CY2015 | us-gaap |
Interest Expense
InterestExpense
|
199000000 | USD |
| CY2015 | mbi |
Revenues Of Consolidated Vies
RevenuesOfConsolidatedVies
|
128000000 | USD |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9095000000 | USD |
| CY2016 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-2000000 | USD |
| CY2017 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | |
| CY2016 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-338000000 | USD |
| CY2016 | mbi |
Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax
|
10000000 | USD |
| CY2017Q4 | mbi |
Number Of Policies
NumberOfPolicies
|
375 | |
| CY2015 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-47000000 | USD |
| CY2017 | dei |
Entity Registrant Name
EntityRegistrantName
|
MBIA INC | |
| CY2016 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
0 | USD |
| CY2017Q4 | mbi |
Fair Value Of Securities On Deposit With Various Regulatory Authorities
FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities
|
10000000 | USD |
| CY2017Q4 | us-gaap |
Security Owned And Pledged As Collateral Fair Value
SecurityOwnedAndPledgedAsCollateralFairValue
|
353000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Other Comprehensive Loss
DeferredTaxAssetsOtherComprehensiveLoss
|
5000000 | USD |
| CY2017 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | segments |
| CY2017 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000814585 | |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Fourth Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate
|
14000000 | USD |
| CY2017Q4 | mbi |
Number Of Other Lawsuits
NumberOfOtherLawsuits
|
0 | Lawsuits |
| CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
| CY2016 | us-gaap |
Fees And Commissions Other
FeesAndCommissionsOther
|
1000000 | USD |
| CY2015 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
1145000000 | USD |
| CY2015 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
174000000 | USD |
| CY2016 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
5000000 | USD |
| CY2016 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
105000000 | USD |
| CY2017 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
368000000 | USD |
| CY2016 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
2000000 | USD |
| CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
944000000 | USD |
| CY2017 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
330000000 | USD |
| CY2016 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
21000000 | USD |
| CY2017 | us-gaap |
Direct Premiums Written
DirectPremiumsWritten
|
-1000000 | USD |
| CY2017 | us-gaap |
Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
|
768000000 | USD |
| CY2015 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
129000000 | USD |
| CY2015 | mbi |
Vie Interest Net
VieInterestNet
|
71000000 | USD |
| CY2016 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
2412000000 | USD |
| CY2017 | us-gaap |
Interest Expense
InterestExpense
|
197000000 | USD |
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
146000000 | USD |
| CY2017Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
3118000000 | USD |
| CY2017Q4 | us-gaap |
Reinsurance Payable
ReinsurancePayable
|
25000000 | USD |
| CY2016 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-5000000 | USD |
| CY2015 | us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
232000000 | USD |
| CY2015 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | shares |
| CY2015 | mbi |
Gross Premium Earned Financial Guarantee Insurance Contracts
GrossPremiumEarnedFinancialGuaranteeInsuranceContracts
|
381000000 | USD |
| CY2016 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
680000000 | USD |
| CY2015 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1015000000 | USD |
| CY2017 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
-2000000 | USD |
| CY2017Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding
|
17445000000 | USD |
| CY2016 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
0 | USD |
| CY2015 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
11000000 | USD |
| CY2015 | us-gaap |
Interest Paid Net
InterestPaidNet
|
169000000 | USD |
| CY2016 | us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
261000000 | USD |
| CY2017Q4 | mbi |
Aggregate Amount Insurance In Force Outstanding Ceded To Reinsurers
AggregateAmountInsuranceInForceOutstandingCededToReinsurers
|
5100000000 | USD |
| CY2017 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
7000000 | USD |
| CY2017 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
| CY2017 | dei |
Document Type
DocumentType
|
10-K | |
| CY2017Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
|
1204000000 | USD |
| CY2017 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q4 | |
| CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1605000000 | USD |
| CY2017 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 1: Business Developments and Risks and Uncertainties</font></p><p style='text-align:left;margin-top:13pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Summary</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA Inc., together with its consolidated subsidiaries, (collectively, “MBIA” or the “Company”) operates within the financial guarantee insurance industry. MBIA manages three operating segments: 1) United States (“U.S.”) public finance</font><font style='font-family:Times New Roman;font-size:10pt;' > insurance; 2) corporate; and 3) international and structured finance insurance.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company’s U.S. public finance insurance business is primarily operated through National Public Finance Guarantee Corporation (“National”) and its international and structu</font><font style='font-family:Times New Roman;font-size:10pt;' >red finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (“MBIA Corp.”). </font><font style='font-family:Times New Roman;font-size:10pt;' >Effective </font><font style='font-family:Times New Roman;font-size:10pt;' >on </font><font style='font-family:Times New Roman;font-size:10pt;' >January </font><font style='font-family:Times New Roman;font-size:10pt;' >10, </font><font style='font-family:Times New Roman;font-size:10pt;' >2017, MBIA Corp.’s wholly</font><font style='font-family:Times New Roman;font-size:10pt;' >-</font><font style='font-family:Times New Roman;font-size:10pt;' >owned subsidiary, MBIA UK (Holdings) Limited (“MBIA UK Holdings”), sold its oper</font><font style='font-family:Times New Roman;font-size:10pt;' >ating subsidiary, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA UK Insurance Limited (“MBIA UK”)</font><font style='font-family:Times New Roman;font-size:10pt;' >, to Assured Guaranty Corp. (“Assured”), a subsidiary of Assured Guaranty Ltd. </font><font style='font-family:Times New Roman;font-size:10pt;' >Refer below for a further discussion of the sale of MBIA UK. Unless otherwise indicated or the context </font><font style='font-family:Times New Roman;font-size:10pt;' >otherwise requires,</font><font style='font-family:Times New Roman;font-size:10pt;' > references to “MBIA Corp.” are </font><font style='font-family:Times New Roman;font-size:10pt;' >(i) for any references relating to the period ended January 10, </font><font style='font-family:Times New Roman;font-size:10pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;' >017, to MBIA Insurance Corporation, together with its subsidiaries, MBIA UK, and MBIA Mexico S.A. de C.V</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > (“MBIA Mexico”) and (ii) for any references relating </font><font style='font-family:Times New Roman;font-size:10pt;' >to the period after January 10, </font><font style='font-family:Times New Roman;font-size:10pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;' >017, to MBIA Insurance Corporation together </font><font style='font-family:Times New Roman;font-size:10pt;' >with </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Mexico.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Refer to “</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 12: Business Segments</font><font style='font-family:Times New Roman;font-size:10pt;' >” </font><font style='font-family:Times New Roman;font-size:10pt;' >for further information about the Company’s operating segments. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Business Developments</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Financial Strength Ratings</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >On June 26, 2017, Stand</font><font style='font-family:Times New Roman;font-size:10pt;' >ard & Poor’s Financial Services LLC (“S&P”) downgraded the financial strength rating of National from AA- with a stable outlook to A with a stable outlook. National’s ability to write new business and to compete with other financial guarantors </font><font style='font-family:Times New Roman;font-size:10pt;' >wa</font><font style='font-family:Times New Roman;font-size:10pt;' >s largely </font><font style='font-family:Times New Roman;font-size:10pt;' >dependent on the financial strength ratings assigned to National by major rating agencies</font><font style='font-family:Times New Roman;font-size:10pt;' >, and with </font><font style='font-family:Times New Roman;font-size:10pt;' >the </font><font style='font-family:Times New Roman;font-size:10pt;' >A </font><font style='font-family:Times New Roman;font-size:10pt;' >rating</font><font style='font-family:Times New Roman;font-size:10pt;' > assigned by S&P, </font><font style='font-family:Times New Roman;font-size:10pt;' >it </font><font style='font-family:Times New Roman;font-size:10pt;' >would be </font><font style='font-family:Times New Roman;font-size:10pt;' >difficult for National to compete with higher-rated competitors</font><font style='font-family:Times New Roman;font-size:10pt;' >. Theref</font><font style='font-family:Times New Roman;font-size:10pt;' >ore, </font><font style='font-family:Times New Roman;font-size:10pt;' >at that time, </font><font style='font-family:Times New Roman;font-size:10pt;' >National </font><font style='font-family:Times New Roman;font-size:10pt;' >ceased its efforts to actively pursue writing new financial guarantee business. </font><font style='font-family:Times New Roman;font-size:10pt;' >On November 28, 2017, the Company provided notice to S&P terminating the agreements by which S&P agreed to provide financial strength ratings to MBIA Inc., National and MBIA Co</font><font style='font-family:Times New Roman;font-size:10pt;' >rp. On December 1, 2017, S&P affirmed National’s A with a stable outlook rating and subsequently withdrew all of its ratings. On September 28, 2017, National provided notice to Kroll Bond Rating Agency (“Kroll”) terminating the agreement by which Kroll agr</font><font style='font-family:Times New Roman;font-size:10pt;' >eed to provide a financial strength rating to National. On December 5, 2017, Kroll downgraded the financial strength rating of National from AA+ to AA with a negative outlook and subsequently withdrew its rating. On September 28, 2017, the Company provided</font><font style='font-family:Times New Roman;font-size:10pt;' > notice to Moody’s Investors Services (“Moody’s”) terminating the agreement by which Moody’s agreed to provide financial strength ratings to MBIA Inc., National, MBIA Corp. and MBIA Mexico. On January 17, 2018, Moody’s downgraded the financial strength rat</font><font style='font-family:Times New Roman;font-size:10pt;' >ing of National to Baa2 from A3 with a stable outlook, affirmed the financial strength rating of MBIA Corp. at Caa1 with a developing outlook, d</font><font style='font-family:TimesNewRomanPSMT;font-size:10pt;' >owngraded MBIA Inc.’s rating to Ba3 with a stable outlook from Ba1 with a negative outlook, </font><font style='font-family:Times New Roman;font-size:10pt;' >and affirmed the financial strength rating of MBIA Mexico at Caa1/B3.mx with a developing outlook. </font><font style='font-family:Times New Roman;font-size:10pt;' >Moody’s, at its</font><font style='font-family:Times New Roman;font-size:10pt;' > discretion and in the absence of a contract with the Company, continues to maintain ratings on MBIA Inc. and its subsidiaries.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Full </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Valuation </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Allowance </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >o</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > the Company’s </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Net </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Deferred Tax Asset</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company </font><font style='font-family:Times New Roman;font-size:10pt;' >had a full </font><font style='font-family:Times New Roman;font-size:10pt;' >valuation al</font><font style='font-family:Times New Roman;font-size:10pt;' >lowance on its net deferred tax asset</font><font style='font-family:Times New Roman;font-size:10pt;' > of $770 million</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >Refer to “</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 11: Income Taxes</font><font style='font-family:Times New Roman;font-size:10pt;' >” for further information about this valuation allowance on the Company’s </font><font style='font-family:Times New Roman;font-size:10pt;' >net </font><font style='font-family:Times New Roman;font-size:10pt;' >deferred tax asset.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Sale of MBIA UK </font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >On January 10, 2017, MBIA UK Holdings sold its operating subsidia</font><font style='font-family:Times New Roman;font-size:10pt;' >ry, MBIA UK, and made a cash payment of $</font><font style='font-family:Times New Roman;font-size:10pt;' >23</font><font style='font-family:Times New Roman;font-size:10pt;' > million, to Assured in exchange for the receipt by MBIA UK Holdings of certain notes owned by Assured that were issued by Zohar II 2005-1, Limited (“Zohar II”) with an aggregate outstanding principal amount of $</font><font style='font-family:Times New Roman;font-size:10pt;' >3</font><font style='font-family:Times New Roman;font-size:10pt;' >47</font><font style='font-family:Times New Roman;font-size:10pt;' > million as of January 10, 2017 (the “Sale Transaction”). </font><font style='font-family:Times New Roman;font-size:10pt;' >In connection with the sale, the Company adjusted the carrying value of MBIA UK to its fair value less costs to sell and recorded a $</font><font style='font-family:Times New Roman;font-size:10pt;' >278</font><font style='font-family:Times New Roman;font-size:10pt;' > million loss in 2016. </font><font style='font-family:Times New Roman;font-size:10pt;' >During </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company recorded </font><font style='font-family:Times New Roman;font-size:10pt;' >a gain of $</font><font style='font-family:Times New Roman;font-size:10pt;' >5</font><font style='font-family:Times New Roman;font-size:10pt;' > million to adjust the carrying value of MBIA UK to its fair value less costs to sell as of the sale date. These results were reflected in the </font><font style='font-family:Times New Roman;font-size:10pt;' >Company’s international and structured finance insurance segment and included in “Other net realized </font><font style='font-family:Times New Roman;font-size:10pt;' >gains (losses)” on the Company’s consolidated statement of operations.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Held for Sale Classification</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The assets and liabilities of MBIA UK were classified as held for sale as of December 31, 2016 and presented within “Assets held for sale” and “Liabilities held for </font><font style='font-family:Times New Roman;font-size:10pt;' >sale” on the Company’s consolidated balance sheet. Income </font><font style='font-family:Times New Roman;font-size:10pt;' >(loss) </font><font style='font-family:Times New Roman;font-size:10pt;' >before income taxes for MBIA UK was</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >income of </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >45</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >million </font><font style='font-family:Times New Roman;font-size:10pt;' >and a loss</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >5</font><font style='font-family:Times New Roman;font-size:10pt;' > million for </font><font style='font-family:Times New Roman;font-size:10pt;' >the years ended </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2016</font><font style='font-family:Times New Roman;font-size:10pt;' > and 2015, respectively</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >The fol</font><font style='font-family:Times New Roman;font-size:10pt;' >lowing table summarizes the components of assets and liabilities held for sale as of December 31</font><font style='font-family:Times New Roman;font-size:10pt;' >, 2016:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.95pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' ></font></td><td style='width:15.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' ></font></td><td style='width:226.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' ></font></td><td style='width:15pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:105pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >As of </font></td><td style='width:49.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:15pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31, 2016</font></td><td style='width:49.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments </font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >466</font></td><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:97.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >73</font></td><td style='width:49.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Premiums receivable </font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:97.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >267</font></td><td style='width:49.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:97.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >19</font></td><td style='width:49.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Valuation allowance</font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(270)</font></td><td style='width:49.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > Total assets held for sale</font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >555</font></td><td style='width:49.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:5.25pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:15.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:226.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:97.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:258.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Liabilities</font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:97.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Unearned premium revenue</font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >304</font></td><td style='width:49.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other liabilities </font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td><td style='width:49.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:16.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > Total liabilities held for sale</font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >346</font></td><td style='width:49.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >MBIA Corp. Financing </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Facility</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >On January 10, 2017, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp. executed a financing facility (the “Facility”) with affiliates of certain holders of </font><font style='font-family:Times New Roman;font-size:10pt;' >14</font><font style='font-family:Times New Roman;font-size:10pt;' >% Fixed-to-Floating Rate Surplus Notes of MBIA Corp. (collectively, the “Senior Lenders”), and with MBIA </font><font style='font-family:Times New Roman;font-size:10pt;' >Inc., pursuant to which the Senior Lenders have provided $</font><font style='font-family:Times New Roman;font-size:10pt;' >325</font><font style='font-family:Times New Roman;font-size:10pt;' > million of senior financing and MBIA Inc. has provide</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > $</font><font style='font-family:Times New Roman;font-size:10pt;' >38</font><font style='font-family:Times New Roman;font-size:10pt;' > million of subordinated financing to MZ Funding LLC (“MZ Funding”), a newly formed wholly-owned subsidiary of the Company, which in tur</font><font style='font-family:Times New Roman;font-size:10pt;' >n lent the proceeds of such financing to MBIA Corp. MBIA Corp. issued financial guarantee insurance policies insuring MZ Funding’s obligations under the Facility. </font><font style='font-family:Times New Roman;font-size:10pt;' >Refer to “</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 10: Debt</font><font style='font-family:Times New Roman;font-size:10pt;' >” for further information about the Facility.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Risks and Uncertainties</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Times New Roman;font-size:10pt;' >Company’s financial statements include estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The outcome of certain significant risks and uncertainties could cause the Company to revise its estimates and </font><font style='font-family:Times New Roman;font-size:10pt;' >assumptions or could cause actual results to differ from the Company’s estimates. The discussion below highlights the significant risks and uncertainties that could have a material effect on the Company’s financial statements and business objectives in fut</font><font style='font-family:Times New Roman;font-size:10pt;' >ure periods. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >U.S. Public Finance Market Conditions</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >National continues to surveil and remediate its existing insured portfolio and will seek opportunities to enhance shareholder value using its strong financial resources, while protecting the interests of</font><font style='font-family:Times New Roman;font-size:10pt;' > all of its policyholders. </font><font style='font-family:Times New Roman;font-size:10pt;' >Certain state and local governments and territory obligors that National insures remain under financial and budgetary stress. This could lead to an increase in defaults by such entities on the payment of their obligations and los</font><font style='font-family:Times New Roman;font-size:10pt;' >ses or impairments on a greater number of the Company’s insured transactions. National monitors and analyzes these situations and other stressed credits closely, and the overall extent and duration of this stress is uncertain. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In particular, the Commonwe</font><font style='font-family:Times New Roman;font-size:10pt;' >alth of </font><font style='font-family:Times New Roman;font-size:10pt;' >Puerto Rico </font><font style='font-family:Times New Roman;font-size:10pt;' >and certain of its instrumentalities (“Puerto Rico”) are</font><font style='font-family:Times New Roman;font-size:10pt;' > experiencing </font><font style='font-family:Times New Roman;font-size:10pt;' >significant </font><font style='font-family:Times New Roman;font-size:10pt;' >fiscal stress and constrained liquidity due to, among other things, Puerto Rico’s structural budget imbalance, </font><font style='font-family:Times New Roman;font-size:10pt;' >the lack of </font><font style='font-family:Times New Roman;font-size:10pt;' >access to the capital markets, </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' > stagnating local economy, net migration of people out of Puerto Rico and a high debt burden</font><font style='font-family:Times New Roman;font-size:10pt;' >. Although Puerto Rico has tried to address its challenges through various fiscal policies, it continues to experience significant fiscal stress. </font><font style='font-family:Times New Roman;font-size:10pt;' >Puerto Rico defau</font><font style='font-family:Times New Roman;font-size:10pt;' >lted on scheduled debt service for National insured bonds and National paid gross claims in the aggregate of $</font><font style='font-family:Times New Roman;font-size:10pt;' >242</font><font style='font-family:Times New Roman;font-size:10pt;' > million during 2017. On January 1, 2018, Puerto Rico also defaulted on scheduled debt service for National insured bonds and National paid gro</font><font style='font-family:Times New Roman;font-size:10pt;' >ss claims in the aggregate of $</font><font style='font-family:Times New Roman;font-size:10pt;' >69</font><font style='font-family:Times New Roman;font-size:10pt;' > million. </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >On September 20, 2017, Hurricane Maria made landfall in Puerto Rico as a </font><font style='font-family:Times New Roman;font-size:10pt;' >Category 4 hurricane resulting in catastrophic damage to much of the island’s basic infrastructure, including its electrical transmission an</font><font style='font-family:Times New Roman;font-size:10pt;' >d distribution grid, telecommunications network, housing, roads, bridges, water and sewer systems. On September 21, 2017, the President of the United States approved a Major Disaster Declaration for Puerto Rico and the Federal Emergency Management Agency (</font><font style='font-family:Times New Roman;font-size:10pt;' >“FEMA”) made federal disaster assistance available to Puerto Rico to supplement its recovery efforts. Hurricane Maria’s impact on Puerto Rico will likely also impact its ability to both repay its legacy indebtedness and participate in ongoing debt restruct</font><font style='font-family:Times New Roman;font-size:10pt;' >uring negotiations. The physical damage and resultant lost economic activity may exceed the collective aid Puerto Rico receives from private insurance, relief from FEMA and other federal agencies and programs. Economic activity in Puerto Rico may not retur</font><font style='font-family:Times New Roman;font-size:10pt;' >n to pre-hurricane levels and Puerto Rico’s recovery could be more shallow and protracted than that experienced by other similarly affected governments, given Puerto Rico’s prior constrained liquidity and economic activity. While the federal government has</font><font style='font-family:Times New Roman;font-size:10pt;' > made aid available to Puerto Rico, there can be no assurance that such aid will continue in the amounts necessary to offset the adverse impacts from Hurricane Maria in their entirety. In addition, the necessary and greater involvement of the federal gover</font><font style='font-family:Times New Roman;font-size:10pt;' >nment, through its actions to deliver disaster relief and other support services, in addition to the evolving role of the Financial Oversight and Management Board for Puerto Rico (“Oversight Board”) and the role of Puerto Rico in its own recovery, heighten</font><font style='font-family:Times New Roman;font-size:10pt;' >s political risk in connection with the restructuring of legacy debt. This risk could lead the Oversight Board, Puerto Rico or the federal government to seek to extract greater concessions from creditors based on the uncertainty of Puerto Rico’s long term </font><font style='font-family:Times New Roman;font-size:10pt;' >recovery prospects. In this event, losses at National on select Puerto Rico exposures could increase materially.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >MBIA Corp. </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Insured Portfolio</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA Corp.’s primary objectives are to satisfy claims of its policyholders, maximize future recoveries, if any, f</font><font style='font-family:Times New Roman;font-size:10pt;' >or its Senior Lenders and surplus note holders and, then its preferred stock holders. MBIA Corp. is executing this strategy by pursuing various actions focused on maximizing the collection of recoveries and by reducing potential losses on its insurance exp</font><font style='font-family:Times New Roman;font-size:10pt;' >osures. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp.’s insured portfolio could deteriorate and result in additional significant loss reserves and claim payments. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp.’s ability to meet its obligations is limited by available liquidity and its ability to </font><font style='font-family:Times New Roman;font-size:10pt;' >secure</font><font style='font-family:Times New Roman;font-size:10pt;' > additional </font><font style='font-family:Times New Roman;font-size:10pt;' >liquidity </font><font style='font-family:Times New Roman;font-size:10pt;' >through financing and other transactions. There can be no assurance that MBIA Corp. will be successful in generating sufficient cash to meet its obligations. </font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >On January 20, 2017, MBIA Corp. was presented with and fully satisfied a claim </font><font style='font-family:Times New Roman;font-size:10pt;' >of $</font><font style='font-family:Times New Roman;font-size:10pt;' >770</font><font style='font-family:Times New Roman;font-size:10pt;' > million (t</font><font style='font-family:Times New Roman;font-size:10pt;' >he “Zohar II Claim”)</font><font style='font-family:Times New Roman;font-size:10pt;' > on an </font><font style='font-family:Times New Roman;font-size:10pt;' >insurance policy it had written insuring the certain notes issued by </font><font style='font-family:Times New Roman;font-size:10pt;' >Zohar II.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp. was able to satisfy the </font><font style='font-family:Times New Roman;font-size:10pt;' >Zohar II Claim </font><font style='font-family:Times New Roman;font-size:10pt;' >as a result of having completed the Sale Transaction and by borrowing from the Facility</font><font style='font-family:Times New Roman;font-size:10pt;' >, as describe</font><font style='font-family:Times New Roman;font-size:10pt;' >d above, together with </font><font style='font-family:Times New Roman;font-size:10pt;' >using </font><font style='font-family:Times New Roman;font-size:10pt;' >approximately </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >60</font><font style='font-family:Times New Roman;font-size:10pt;' > million from </font><font style='font-family:Times New Roman;font-size:10pt;' >its own </font><font style='font-family:Times New Roman;font-size:10pt;' >resources. </font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Failure to recover a substantial amount of such payments could impede its ability to make payments when due on other policies. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp. believes that if the New York State De</font><font style='font-family:Times New Roman;font-size:10pt;' >partment of Financial Services (“NYSDFS”) concludes at any time that MBIA Insurance Corporation will not be able to pay its policyholder claims, the NYSDFS would likely put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Ar</font><font style='font-family:Times New Roman;font-size:10pt;' >ticle 74 of the New York Insurance Law (“NYIL”) and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation’s policyholders. The determination to commence such a proceeding or take other such actio</font><font style='font-family:Times New Roman;font-size:10pt;' >ns is within the exclusive control of the NYSDFS. </font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Given the separation of MBIA Inc. </font><font style='font-family:Times New Roman;font-size:10pt;' >and MBIA Corp. as distinct legal entities, the absence of any cross defaults between the entities and the lack of reliance by MBIA Inc. on MBIA Corp. for the receipt of di</font><font style='font-family:Times New Roman;font-size:10pt;' >vidends, the Company does not believe that a rehabilitation or liquidation proceeding with respect to MBIA Insurance Corporation would have any significant liquidity impact on MBIA Inc. or result in a liquidation or similar proceeding of MBIA Mexico. </font><font style='font-family:Times New Roman;font-size:10pt;' >Such </font><font style='font-family:Times New Roman;font-size:10pt;' >a proceeding could have material adverse consequences for MBIA Corp., including the termination of insured credit default swaps (“CDS”) and other derivative contracts for which counterparties may assert market-based claims, the acceleration of debt obligat</font><font style='font-family:Times New Roman;font-size:10pt;' >ions issued by affiliates and insured by MBIA Corp., the loss of control of MBIA Insurance Corporation to a rehabilitator or liquidator, and unplanned costs.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Zohar and RMBS Recoveries</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Payment of a claim in November of 2015 on MBIA Corp.’s policy insuring t</font><font style='font-family:Times New Roman;font-size:10pt;' >he class A-1 and A-2 notes issued by Zohar CDO 2003-1, Limited (“Zohar I”) and satisfying the Zohar II Claim in 2017, </font><font style='font-family:Times New Roman;font-size:10pt;' >entitles MBIA Corp. to reimbursement of such amounts plus interest and expenses and/or to exercise certain rights and remedies to seek recovery of </font><font style='font-family:Times New Roman;font-size:10pt;' >such amounts. However, t</font><font style='font-family:Times New Roman;font-size:10pt;' >here can be no assurance that the value of the Zohar assets will be sufficient to permit MBIA Corp. to recover all or substantially all of the payments it made on Zohar I and Zohar II.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The amount and timing of projected collections from excess spread </font><font style='font-family:Times New Roman;font-size:10pt;' >and subsequent recoveries </font><font style='font-family:Times New Roman;font-size:10pt;' >from residential mortgage-backed securities (“RMBS”) and the put-back recoverable from Credit Suisse are uncer</font><font style='font-family:Times New Roman;font-size:10pt;' >tain. </font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Refer to “</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 6: Loss and Loss Adjustment Expense Reserves</font><font style='font-family:Times New Roman;font-size:10pt;' >” for </font><font style='font-family:Times New Roman;font-size:10pt;' >additional </font><font style='font-family:Times New Roman;font-size:10pt;' >information about MBIA Corp.’s </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ecoveries. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Corporate Liquidity </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Based on the Company’s projections of National’s dividends, </font><font style='font-family:Times New Roman;font-size:10pt;' >additional anticipated releases under its tax sharing agreement and related tax escrow account (“</font><font style='font-family:Times New Roman;font-size:10pt;' >Tax Escrow Account</font><font style='font-family:Times New Roman;font-size:10pt;' >”)</font><font style='font-family:Times New Roman;font-size:10pt;' >, and other ca</font><font style='font-family:Times New Roman;font-size:10pt;' >sh inflows, the Company expects that MBIA Inc. will have sufficient cash to satisfy its debt service and general corporate needs. However, MBIA Inc. continues to have liquidity risk which could be triggered by deterioration in the performance of invested a</font><font style='font-family:Times New Roman;font-size:10pt;' >ssets, interruption of or reduction in dividends or tax payments received from operating subsidiaries, impaired access to the capital markets, as well as other factors which </font><font style='font-family:Times New Roman;font-size:10pt;' >are not </font><font style='font-family:Times New Roman;font-size:10pt;' >anticipated at this time. Furthermore, failure by MBIA Inc. to settle liab</font><font style='font-family:Times New Roman;font-size:10pt;' >ilities that are also insured by MBIA Corp. could result in claims on MBIA Corp.</font></p></div> | |
| CY2016 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-262000000 | USD |
| CY2017 | us-gaap |
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
|
778000000 | USD |
| CY2017 | us-gaap |
Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
|
-49000000 | USD |
| CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.022 | pure |
| CY2017 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
201000000 | USD |
| CY2015 | mbi |
Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange
NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
|
63000000 | USD |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure |
| CY2017 | mbi |
Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Discount Rate
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate
|
3000000 | USD |
| CY2017Q4 | mbi |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Sixteenth Year And Thereafter From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSixteenthYearAndThereafterFromBalanceSheetDate
|
81000000 | USD |
| CY2017Q4 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
6000000 | USD |
| CY2016 | mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | USD |
| CY2017Q4 | mbi |
Aggregate Amount Of Insured Par Outstanding Ceded To Reinsurers
AggregateAmountOfInsuredParOutstandingCededToReinsurers
|
2724000000 | USD |
| CY2015 | mbi |
Expenses Of Consolidated Vies
ExpensesOfConsolidatedVies
|
52000000 | USD |
| CY2015 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | USD |
| CY2016 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.54 | |
| CY2017Q4 | mbi |
Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses
|
546000000 | USD |
| CY2017 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-13.5 | |
| CY2016 | us-gaap |
Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period
InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod
|
P7Y1M6D | |
| CY2017 | mbi |
Premiums Earned Net Financial Guarantee Insurance Contracts And Insured Derivatives
PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives
|
202000000 | USD |
| CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure |
| CY2016 | mbi |
Payments For Deconsolidation Of Variable Interest Entity
PaymentsForDeconsolidationOfVariableInterestEntity
|
8000000 | USD |
| CY2017 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
325000000 | USD |
| CY2017 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-2000000 | USD |
| CY2017Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
106000000 | USD |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
237800 | shares |
| CY2015 | mbi |
Premiums Written Financial Guarantee Insurance Contracts Percentage Of Amount Assumed To Net
PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet
|
0 | pure |
| CY2017Q4 | us-gaap |
Summary Of Investments Other Than Investments In Related Parties Carrying Amount
SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
|
4655000000 | USD |
| CY2015 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
2000000 | USD |
| CY2017Q4 | us-gaap |
Summary Of Investments Other Than Investments In Related Parties Cost
SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
|
4663000000 | USD |
| CY2016 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
133001088 | shares |
| CY2017 | mbi |
Increase Decrease In Insurance Loss Recoverable
IncreaseDecreaseInInsuranceLossRecoverable
|
681000000 | USD |
| CY2017 | mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | USD |
| CY2016 | us-gaap |
Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
|
318000000 | USD |
| CY2015 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParent
|
0 | USD |
| CY2017 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Recent </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >Accounting Developments</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Revenue from Contracts with Customers </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >(Topic 606) (ASU 2014-09)</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Deferral of the Effective Date</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >(ASU 201</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >5</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >-</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >14</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In May of 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 amends the accounting guidance</font><font style='font-family:Times New Roman;font-size:10pt;' > for recognizing revenue for the transfer of goods or services from contracts with customers unless those contracts are within the scope of other accounting standards. ASU 2014-09 does not apply to financial guarantee insurance contracts within the scope o</font><font style='font-family:Times New Roman;font-size:10pt;' >f Topic 944, “Financial Services </font><font style='font-family:Times New Roman;font-size:10pt;' >— </font><font style='font-family:Times New Roman;font-size:10pt;' >Insurance.” </font><font style='font-family:Times New Roman;font-size:10pt;' >ASU 2014-09 applies to certain fees and reimbursements, and is not expected to materially impact revenue recogni</font><font style='font-family:Times New Roman;font-size:10pt;' >tion</font><font style='font-family:Times New Roman;font-size:10pt;' > of these fees and reimbursements.</font><font style='font-family:Times New Roman;font-size:10pt;' > In August of 2015, the FASB issued ASU 2015-14, “Revenue f</font><font style='font-family:Times New Roman;font-size:10pt;' >rom Contracts with Customers (Topic 606)</font><font style='font-family:Times New Roman;font-size:10pt;' > — Deferral of the Effective Date.</font><font style='font-family:Times New Roman;font-size:10pt;' >” ASU 2015-14 defers the effective date of ASU 2014-09 to interim and annual periods beginning January 1, 2018, and is applied on a retrospective or modified retrospective basis. The</font><font style='font-family:Times New Roman;font-size:10pt;' > adoption of ASU 2014-09 is not expected to materially impact the Company’s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In Janua</font><font style='font-family:Times New Roman;font-size:10pt;' >ry of 2016, the FASB issued ASU 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-01 requires certain equity investments other than those accounted for under the </font><font style='font-family:Times New Roman;font-size:10pt;' >equity method of accounting or result in consolidation of the investee to be measured at fair value with changes in fair value recognized in net income, and permits an entity to measure equity investments that do not have readily determinable fair values a</font><font style='font-family:Times New Roman;font-size:10pt;' >t cost less any impairment plus or minus adjustments for certain changes in observable prices. An entity is also required to evaluate the need for a valuation allowance on a deferred tax asset related to </font><font style='font-family:Times New Roman;font-size:10pt;' >AFS</font><font style='font-family:Times New Roman;font-size:10pt;' > debt securities in combination with the entity’s</font><font style='font-family:Times New Roman;font-size:10pt;' > other deferred tax assets. ASU 2016-01 requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability that results from a change in the instrument-specific credit risk for financial </font><font style='font-family:Times New Roman;font-size:10pt;' >liabilities that the entity has elected to measure at fair value in accordance with the fair value option for financial instruments. ASU 2016-01 is effective for interim and annual periods beginning January 1, 2018, and is applied on a modified retrospecti</font><font style='font-family:Times New Roman;font-size:10pt;' >ve basis. Early adoption is not permitted with the exception of early application of the guidance that requires separate presentation in other comprehensive income of the change in the instrument-specific credit risk for financial liabilities measured at f</font><font style='font-family:Times New Roman;font-size:10pt;' >air value in accordance with the fair value option</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Based on the fair values as of December 31, 2017 of financial liabilities measured at fair value in accordance with the fair value option, the cumulative-effect adjustment, net of tax, related to the ins</font><font style='font-family:Times New Roman;font-size:10pt;' >trument-specific credit risk portion of such financial liabilities </font><font style='font-family:Times New Roman;font-size:10pt;' >was a loss of </font><font style='font-family:Times New Roman;font-size:10pt;' >approximately</font><font style='font-family:Times New Roman;font-size:10pt;' > $</font><font style='font-family:Times New Roman;font-size:10pt;' >162</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' >, which represents the amount that would have been reclassed from retained earnings to AOCI had the Company adopted ASU 2016-01 on December 31, 2017.</font><font style='font-family:Times New Roman;font-size:10pt;' > Based on fair values as of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' > of equity investments, the cumulative-effect adjustment, net of tax, related to net unrealized gains of such investments was </font><font style='font-family:Times New Roman;font-size:10pt;' >approximately $</font><font style='font-family:Times New Roman;font-size:10pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;' > million, which represents the amount that would have been reclass</font><font style='font-family:Times New Roman;font-size:10pt;' >ed from AOCI to retained earnings had the Company adopted ASU 2016-01 on </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company had a full valuation allowance against its deferred tax asset. Refer to “Note 11</font><font style='font-family:Times New Roman;font-size:10pt;' >: Income Taxes” for further information a</font><font style='font-family:Times New Roman;font-size:10pt;' >bout this valuation allowance on the Company’s deferred tax asset. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company plans to adopt ASU 2016-01 in its entirety in the first quarter of 2018.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Leases (Topic 842) (ASU 2016-02)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In February of 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > that amends the accounting guidance for leasing transactions. ASU 2016-02 requires a lessee to classify lease contracts as finance or operating leases, and to recognize assets and liabilities for the rights and obligations created by leasing transactions</font><font style='font-family:Times New Roman;font-size:10pt;' > with lease terms more than twelve months. ASU 2016-02 substantially retains the criteria for classifying leasing transactions as finance or operating leases. For finance leases, a lessee recognizes a right-of-use asset and a lease liability initially meas</font><font style='font-family:Times New Roman;font-size:10pt;' >ured at the present value of the lease payments, and recognizes interest expense on the lease liability separately from the amortization of the right-of-use asset. For operating leases, a lessee recognizes a right-of-use asset and a lease liability initial</font><font style='font-family:Times New Roman;font-size:10pt;' >ly measured at the present value of the lease payments, and recognizes lease expense on a straight-line basis. ASU 2016-02 is effective for interim and annual periods beginning January 1, 2019 with early adoption permitted, and is applied on a modified ret</font><font style='font-family:Times New Roman;font-size:10pt;' >rospective basis. The adoption of ASU 2016-02 is not expected to materially impact the Company’s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In June</font><font style='font-family:Times New Roman;font-size:10pt;' > of 2016, the FASB issued ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires financing receivables and other financial assets measured at amortized cost to be presente</font><font style='font-family:Times New Roman;font-size:10pt;' >d at the net amount expected to be collected by recording an allowance for credit losses with changes in the allowance recorded as credit loss expense or reversal of credit loss expense based on management’s current estimate of expected credit losses </font><font style='font-family:Times New Roman;font-size:10pt;' >each </font><font style='font-family:Times New Roman;font-size:10pt;' >period. ASU 2016-13 does not apply to credit losses on financial guarantee insurance contracts within the scope of Topic 944, “Financial Services-Insurance.” ASU 2016-13 also requires impairment relating to credit losses on </font><font style='font-family:Times New Roman;font-size:10pt;' >AFS</font><font style='font-family:Times New Roman;font-size:10pt;' > debt securities to be presen</font><font style='font-family:Times New Roman;font-size:10pt;' >ted through an allowance for credit losses with changes in the allowance recorded in the period of the change as credit loss expense or reversal of credit loss expense. Any impairment amount not recorded through an allowance for credit losses on </font><font style='font-family:Times New Roman;font-size:10pt;' >AFS</font><font style='font-family:Times New Roman;font-size:10pt;' > debt s</font><font style='font-family:Times New Roman;font-size:10pt;' >ecurities is recorded through other comprehensive income. ASU 2016-13 is effective for interim and annual periods beginning January 1, 2020 with early adoption permitted beginning January 1, 2019. ASU 2016-13 is applied on a modified retrospective basis ex</font><font style='font-family:Times New Roman;font-size:10pt;' >cept that prospective application is applied to </font><font style='font-family:Times New Roman;font-size:10pt;' >AFS</font><font style='font-family:Times New Roman;font-size:10pt;' > debt securities with other-than-temporary impairments </font><font style='font-family:Times New Roman;font-size:10pt;' >(“OTTI”) </font><font style='font-family:Times New Roman;font-size:10pt;' >recognized before the date of adoption. The Company is evaluating the impact of adopting ASU 2016-13.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Income Statement – Reporting </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In February of 2018, the FASB issued ASU 2018-02, “Income Statement – Reporting Comprehensive Income (Topic 220): Reclassifi</font><font style='font-family:Times New Roman;font-size:10pt;' >cation of Certain Tax Effects from Accumulated Other Comprehensive Income.” ASU 2018-02 permits, but does not require, the reclassification of the income tax effects of the Tax Cuts and Jobs Act (the “Act”) from accumulated other comprehensive income (“AOC</font><font style='font-family:Times New Roman;font-size:10pt;' >I”) to retained earnings. The election to reclassify the income tax effects from the Act applies to all items within AOCI. ASU 2018-02 is effective for interim and annual periods beginning after December 15, 2018. Early adoption of ASU 2018-02 is permitted</font><font style='font-family:Times New Roman;font-size:10pt;' > and is applied in the period of adoption or retroactively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Act is recognized. The Company is evaluating the impact of adopting ASU 2018-02.</font></p><p style='text-align:left;line-height:12pt;' ></p></div> | |
| CY2016 | us-gaap |
Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
44000000 | USD |
| CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
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283717973 | shares |
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Collections For Cases With Recoveries
CollectionsForCasesWithRecoveries
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69000000 | USD |
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Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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| CY2017 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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-22000000 | USD |
| CY2017 | us-gaap |
Fees And Commissions Other
FeesAndCommissionsOther
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1000000 | USD |
| CY2015 | mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
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0 | USD |
| CY2016 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
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129000000 | USD |
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Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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Direct Premiums Written
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Effective Income Tax Rate Reconciliation Mark To Market On Warrants
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Revenues
Revenues
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433000000 | USD |
| CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
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Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognized
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843000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Fourth Quarter Following Balance Sheet Date
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23000000 | USD |
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Net Income Loss Available To Common Stockholders Diluted
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|
174000000 | USD |
| CY2015 | us-gaap |
Income Tax Expense Benefit Intraperiod Tax Allocation
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74000000 | USD |
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Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Three And Within Four Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate
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32000000 | USD |
| CY2015 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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157000000 | USD |
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Expenses Of Consolidated Vies
ExpensesOfConsolidatedVies
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85000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Third Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate
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7000000 | USD |
| CY2015 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
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-8000000 | USD |
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Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax
|
0 | USD |
| CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-630000000 | USD |
| CY2017 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
0 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Loss Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves
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87000000 | USD |
| CY2017Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-19000000 | USD |
| CY2017 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-13.5 | |
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Payments For Net Realized Losses On Insured Derivatives Paid
PaymentsForNetRealizedLossesOnInsuredDerivativesPaid
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52000000 | USD |
| CY2017Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
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617000000 | USD |
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Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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817000000 | USD |
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Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
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84000000 | USD |
| CY2015 | us-gaap |
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
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12000000 | USD |
| CY2017 | us-gaap |
Financial Guarantee Insurance Contracts Premium Received Over Contract Period Premium Receivable Weighted Average Collection Period1
FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1
|
P9Y5M12D | |
| CY2017 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| CY2017Q4 | us-gaap |
Summary Of Investments Other Than Investments In Related Parties Fair Value
SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
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4655000000 | USD |
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Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
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0 | USD |
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Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
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351000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Deferred Policy Acquisition Cost
DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost
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21000000 | USD |
| CY2017Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability
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478000000 | USD |
| CY2016 | mbi |
Number Of Variable Interest Entities Consolidated
NumberOfVariableInterestEntitiesConsolidated
|
1 | pure |
| CY2015 | us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
-31000000 | USD |
| CY2017 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
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0 | USD |
| CY2017Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
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192233526 | shares |
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Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
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-0.014 | pure |
| CY2017Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
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3171000000 | USD |
| CY2017 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-661000000 | USD |
| CY2015 | mbi |
Effective Income Tax Rate Reconciliation Mark To Market On Warrants
EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants
|
-0.012 | pure |
| CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.003 | pure |
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Net Other Than Temporary Impairments
NetOtherThanTemporaryImpairments
|
13000000 | USD |
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Proceeds From Insurance Premiums Collected
ProceedsFromInsurancePremiumsCollected
|
95000000 | USD |
| CY2017 | us-gaap |
Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
|
326000000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
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1413000000 | USD |
| CY2017Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
|
1821000000 | USD |
| CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3950000000 | USD |
| CY2017 | dei |
Amendment Flag
AmendmentFlag
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false | |
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Proceeds From Consolidation Of Variable Interest Entity
ProceedsFromConsolidationOfVariableInterestEntity
|
18000000 | USD |
| CY2016 | us-gaap |
Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
|
-75000000 | USD |
| CY2016 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | USD |
| CY2015 | mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | USD |
| CY2016 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-2544000000 | USD |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
|
0.027 | pure |
| CY2017 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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109000000 | USD |
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Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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14000000 | USD |
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Assets
Assets
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9095000000 | USD |
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Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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131000000 | USD |
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Income Tax Effects Allocated Directly To Equity
IncomeTaxEffectsAllocatedDirectlyToEquity
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14000000 | USD |
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Revenues Of Consolidated Vies
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185000000 | USD |
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Other Income
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31000000 | USD |
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Net Cash Provided By Used In Operating Activities Continuing Operations
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-54000000 | USD |
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Minority Interest Amount Represented By Preferred Stock
MinorityInterestAmountRepresentedByPreferredStock
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12000000 | USD |
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Benefits Losses And Expenses
BenefitsLossesAndExpenses
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1094000000 | USD |
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Proceeds From Reinsurance And Recoveries
ProceedsFromReinsuranceAndRecoveries
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170000000 | USD |
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Proceeds From Insurance Premiums Collected
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115000000 | USD |
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Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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28000000 | USD |
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Weighted Average Number Of Diluted Shares Outstanding
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164869788 | shares |
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190000000 | USD |
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Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-21000000 | USD |
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Proceeds From Insurance Premiums Collected
ProceedsFromInsurancePremiumsCollected
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61000000 | USD |
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Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax
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-6000000 | USD |
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Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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-95000000 | USD |
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Revenue Other Financial Services
RevenueOtherFinancialServices
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530000000 | USD |
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Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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1000000 | USD |
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Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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770000000 | USD |
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Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | USD |
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Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
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6000000 | USD |
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Common Stock Value
CommonStockValue
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284000000 | USD |
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Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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8000000 | USD |
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Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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13000000 | USD |
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Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
-13000000 | USD |
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Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount
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-178000000 | USD |
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Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
-525000000 | USD |
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Percentage Of Securities Book Value Exceeded Market Value
PercentageOfSecuritiesBookValueExceededMarketValue
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0.05 | pure |
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Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
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5000000 | USD |
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Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Other
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther
|
-72000000 | USD |
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Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-234000000 | USD |
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Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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0 | USD |
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Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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-1605000000 | USD |
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Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
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11000000 | USD |
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Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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4000000 | USD |
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Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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304000000 | USD |
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Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
2661000000 | USD |
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Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
0 | USD |
| CY2016 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.54 | |
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Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-29000000 | USD |
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Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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88763473 | shares |
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Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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105000000 | USD |
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Financial Guarantee Insurance Contracts Premium Received Over Contract Period Premium Receivable Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate
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0.028 | pure |
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Vie Interest Net
VieInterestNet
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35000000 | USD |
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Net Income Loss
NetIncomeLoss
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180000000 | USD |
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Trading Symbol
TradingSymbol
|
MBI | |
| CY2016 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
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633000000 | USD |
| CY2016 | mbi |
Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses After Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax
|
6000000 | USD |
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Net Other Than Temporary Impairments
NetOtherThanTemporaryImpairments
|
5000000 | USD |
| CY2017Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
|
106000000 | USD |
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Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
28000000 | USD |
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Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
2300000000 | USD |
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Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
85000000 | USD |
| CY2016 | mbi |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax
|
-3000000 | USD |
| CY2016 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-38000000 | USD |
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Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
2146000000 | USD |
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Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
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Ceded Premiums Written
CededPremiumsWritten
|
1000000 | USD |
| CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2016 | us-gaap |
Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
|
199000000 | USD |
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Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
|
29000000 | USD |
| CY2016 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
2000000 | USD |
| CY2017Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
|
1082000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than Four And Within Five Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate
|
64000000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1425000000 | USD |
| CY2017 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1605000000 | USD |
| CY2015 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.377 | pure |
| CY2015Q4 | us-gaap |
Cash Including Discontinued Operations
CashIncludingDiscontinuedOperations
|
0 | USD |
| CY2016 | mbi |
Premiums Written Financial Guarantee Insurance Contracts Percentage Of Amount Assumed To Net
PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet
|
0 | pure |
| CY2016 | us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
125000000 | USD |
| CY2017 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD |
| CY2017Q4 | mbi |
Reinsurance Recoverables Secured By Letters Of Credit Or Trust Amount
ReinsuranceRecoverablesSecuredByLettersOfCreditOrTrustAmount
|
30000000 | USD |
| CY2016 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
36000000 | USD |
| CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
|
0 | pure |
| CY2015 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
116000000 | USD |
| CY2017 | mbi |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax
|
-1000000 | USD |
| CY2016 | mbi |
Proceeds From Consolidation Of Variable Interest Entity
ProceedsFromConsolidationOfVariableInterestEntity
|
9000000 | USD |
| CY2016 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParent
|
5000000 | USD |
| CY2016 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
305000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
|
1000000 | USD |
| CY2015 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-260000000 | USD |
| CY2017 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
146000000 | USD |
| CY2016 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-339000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
|
62000000 | USD |
| CY2016 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
111000000 | USD |
| CY2017 | us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
4000000 | USD |
| CY2015 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
69000000 | USD |
| CY2016 | mbi |
Increase Decrease In Insurance Loss Recoverable
IncreaseDecreaseInInsuranceLossRecoverable
|
74000000 | USD |
| CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2015 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | USD |
| CY2017 | us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
0 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than One And Within Two Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate
|
38000000 | USD |
| CY2016 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-338000000 | USD |
| CY2016 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD |
| CY2017 | us-gaap |
Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period
InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod
|
P8Y10M24D | |
| CY2017 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
683000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
|
13000000 | USD |
| CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
| CY2015 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
109000000 | USD |
| CY2016 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
133001088 | shares |
| CY2015 | mbi |
Increase Decrease In Insurance Loss Recoverable
IncreaseDecreaseInInsuranceLossRecoverable
|
44000000 | USD |
| CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
7670000000 | USD |
| CY2017 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
568000000 | USD |
| CY2017 | us-gaap |
Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
|
248000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Four And Within Five Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate
|
28000000 | USD |
| CY2016 | us-gaap |
Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
-41000000 | USD |
| CY2016 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
-263000000 | USD |
| CY2016 | us-gaap |
Interest Paid Net
InterestPaidNet
|
139000000 | USD |
| CY2017 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-1000000 | USD |
| CY2017 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
0 | USD |
| CY2017 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
0 | USD |
| CY2017 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
125000000 | USD |
| CY2017Q4 | mbi |
Transactions Guaranteed On Behalf Of Various Affiliates
TransactionsGuaranteedOnBehalfOfVariousAffiliates
|
2200000000 | USD |
| CY2016 | mbi |
Expenses Of Consolidated Vies
ExpensesOfConsolidatedVies
|
39000000 | USD |
| CY2016 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
-94000000 | USD |
| CY2017 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
2000000 | USD |
| CY2016 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-338000000 | USD |
| CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-611000000 | USD |
| CY2017 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-12-31 | |
| CY2016 | mbi |
Vie Interest Net
VieInterestNet
|
57000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than Two And Within Three Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate
|
79000000 | USD |
| CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2017 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
-2000000 | USD |
| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1095000000 | USD |
| CY2015 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
10000000 | USD |
| CY2017 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable Proceeds From Premiums Received
FinancialGuaranteeInsuranceContractsPremiumReceivableProceedsFromPremiumsReceived
|
-50000000 | USD |
| CY2015 | us-gaap |
Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
|
353000000 | USD |
| CY2016 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
19000000 | USD |
| CY2016 | us-gaap |
Financial Guarantee Insurance Contracts Premium Received Over Contract Period Premium Receivable Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate
|
0.028 | pure |
| CY2017 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
118930282 | shares |
| CY2017Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries
|
782000000 | USD |
| CY2017 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2017 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
23000000 | USD |
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
782000000 | USD |
| CY2017 | us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
67000000 | USD |
| CY2017Q4 | mbi |
Fair Value Of Credit Support Annexes
FairValueOfCreditSupportAnnexes
|
2000000 | USD |
| CY2017 | mbi |
Increase Decrease In Other Net Realized Gains Losses
IncreaseDecreaseInOtherNetRealizedGainsLosses
|
-59000000 | USD |
| CY2017 | mbi |
Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Assumptions
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions
|
68000000 | USD |
| CY2017 | us-gaap |
Income Tax Effects Allocated Directly To Equity
IncomeTaxEffectsAllocatedDirectlyToEquity
|
21000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During First Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate
|
25000000 | USD |
| CY2017 | mbi |
Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange
NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
|
-24000000 | USD |
| CY2016 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | USD |
| CY2016 | mbi |
Effective Income Tax Rate Reconciliation Mark To Market On Warrants
EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants
|
-0.015 | pure |
| CY2016 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
220000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-14000000 | USD |
| CY2016 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-8000000 | USD |
| CY2017 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-51000000 | USD |
| CY2017Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
|
8964000000 | USD |
| CY2017 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
129000000 | USD |
| CY2016 | us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
49000000 | USD |
| CY2016 | mbi |
Increase Decrease In Loss Adjustment Expense Recoveries
IncreaseDecreaseInLossAdjustmentExpenseRecoveries
|
3000000 | USD |
| CY2017 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Change In Period Of Contract
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract
|
-15000000 | USD |
| CY2017Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
2800000000 | USD |
| CY2015 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1000000 | USD |
| CY2015Q4 | us-gaap |
Assets
Assets
|
14836000000 | USD |
| CY2017Q4 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
369000000 | USD |
| CY2017 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | USD |
| CY2016 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-140000000 | USD |
| CY2015 | mbi |
Increase Decrease In Other Net Realized Gains Losses
IncreaseDecreaseInOtherNetRealizedGainsLosses
|
-17000000 | USD |
| CY2016 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Other Adjustments
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments
|
-292000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than10 And Within15 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate
|
71000000 | USD |
| CY2017 | mbi |
Gross Premium Earned Financial Guarantee Insurance Contracts
GrossPremiumEarnedFinancialGuaranteeInsuranceContracts
|
207000000 | USD |
| CY2015 | mbi |
Payments For Deconsolidation Of Variable Interest Entity
PaymentsForDeconsolidationOfVariableInterestEntity
|
0 | USD |
| CY2016 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
0 | USD |
| CY2016 | us-gaap |
Financial Guarantee Insurance Contracts Premium Received Over Contract Period Premium Receivable Weighted Average Collection Period1
FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1
|
P10Y0M25D | |
| CY2017 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable New Business Written
FinancialGuaranteeInsuranceContractsPremiumReceivableNewBusinessWritten
|
3000000 | USD |
| CY2017Q4 | mbi |
Investment Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions For Continuous Twelve Month Period
InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod
|
133 | security |
| CY2015 | mbi |
Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange
IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
|
105000000 | USD |
| CY2016 | us-gaap |
Interest Expense
InterestExpense
|
197000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable Premium Expected To Be Collected
FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected
|
446000000 | USD |
| CY2015 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3000000 | USD |
| CY2017Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
3200000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
|
0 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than One And Within Two Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate
|
87000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | USD |
| CY2016 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Accretion Of Discount On Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumsReceivableAccretionOfDiscountOnPremiumReceivable
|
19000000 | USD |
| CY2017 | mbi |
Payments For Deconsolidation Of Variable Interest Entity
PaymentsForDeconsolidationOfVariableInterestEntity
|
0 | USD |
| CY2016 | us-gaap |
Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
|
13000000 | USD |
| CY2017 | mbi |
Collections For Cases With Recoveries
CollectionsForCasesWithRecoveries
|
124000000 | USD |
| CY2017 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
21000000 | USD |
| CY2015 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
379000000 | USD |
| CY2015 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
107000000 | USD |
| CY2016 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
1000000 | USD |
| CY2017 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
118930282 | shares |
| CY2015 | us-gaap |
Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
-49000000 | USD |
| CY2015 | us-gaap |
Revenues
Revenues
|
853000000 | USD |
| CY2016 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1000000 | USD |
| CY2017 | us-gaap |
Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
|
263000000 | USD |
| CY2016 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-405000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
|
11000000 | USD |
| CY2017 | mbi |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax
|
-7000000 | USD |
| CY2017 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
945000000 | USD |
| CY2016 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
0 | USD |
| CY2017 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
2256000000 | USD |
| CY2016 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
300000000 | USD |
| CY2015 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
24000000 | USD |
| CY2015 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
9000000 | USD |
| CY2016 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
2424000000 | USD |
| CY2017 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
975000000 | USD |
| CY2017 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
4000000 | USD |
| CY2016 | mbi |
Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Accretion Of Recoveries
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries
|
6000000 | USD |
| CY2017 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
-5000000 | USD |
| CY2015 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.06 | |
| CY2015 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
123000000 | USD |
| CY2016Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
346000000 | USD |
| CY2017Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
36000000 | USD |
| CY2015 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
2000000 | USD |
| CY2015 | us-gaap |
Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
|
390000000 | USD |
| CY2017 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
-2000000 | USD |
| CY2017 | mbi |
Effective Income Tax Rate Reconciliation Deferred Tax Inventory Adjustment
EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment
|
0.008 | pure |
| CY2017 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-3000000 | USD |
| CY2016 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-67000000 | USD |
| CY2015 | mbi |
Proceeds From Reinsurance And Recoveries
ProceedsFromReinsuranceAndRecoveries
|
85000000 | USD |
| CY2017 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1496000000 | USD |
| CY2017Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
|
8481000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Second Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate
|
24000000 | USD |
| CY2016 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
2234000000 | USD |
| CY2017 | us-gaap |
Payments For Operating Activities
PaymentsForOperatingActivities
|
130000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Second Quarter Following The Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate
|
15000000 | USD |
| CY2015 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
-371000000 | USD |
| CY2017 | us-gaap |
Interest Paid Net
InterestPaidNet
|
155000000 | USD |
| CY2017 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1000000 | USD |
| CY2017 | us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
-1000000 | USD |
| CY2017 | mbi |
Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses After Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax
|
-3000000 | USD |
| CY2016 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
177000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Five And Within10 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate
|
120000000 | USD |
| CY2017 | us-gaap |
Insurance Recoveries
InsuranceRecoveries
|
4000000 | USD |
| CY2015 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
0 | USD |
| CY2016 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
1000000 | USD |
| CY2016 | mbi |
Revenues Of Consolidated Vies
RevenuesOfConsolidatedVies
|
31000000 | USD |
| CY2016 | mbi |
Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax
|
4000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
930000000 | USD |
| CY2017Q4 | mbi |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Sixth Through Tenth Year Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixthThroughTenthYearFollowingBalanceSheetDate
|
225000000 | USD |
| CY2017 | mbi |
Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax
|
-3000000 | USD |
| CY2017 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
328000000 | USD |
| CY2017 | us-gaap |
Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
|
965000000 | USD |
| CY2016 | mbi |
Payments For Net Realized Losses On Insured Derivatives Paid
PaymentsForNetRealizedLossesOnInsuredDerivativesPaid
|
43000000 | USD |
| CY2015 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
303000000 | USD |
| CY2015 | us-gaap |
Fees And Commissions Other
FeesAndCommissionsOther
|
1000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than Three And Within Four Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate
|
71000000 | USD |
| CY2015 | us-gaap |
Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
|
551000000 | USD |
| CY2016 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
110000000 | USD |
| CY2017 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-41000000 | USD |
| CY2016 | mbi |
Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange
NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
|
84000000 | USD |
| CY2017 | mbi |
Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Accretion Of Recoveries
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries
|
11000000 | USD |
| CY2016 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
198000000 | USD |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0 | pure |
| CY2016 | mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | USD |
| CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
| CY2015 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | USD |
| CY2017Q4 | mbi |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Sixteenth Year And Thereafter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixteenthYearAndThereafterFollowingBalanceSheetDate
|
107000000 | USD |
| CY2015 | mbi |
Effective Income Tax Rate Reconciliation Deferred Tax Inventory Adjustment
EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment
|
0 | pure |
| CY2015 | us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
67000000 | USD |
| CY2016 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable New Business Written
FinancialGuaranteeInsuranceContractsPremiumReceivableNewBusinessWritten
|
10000000 | USD |
| CY2017 | us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
259000000 | USD |
| CY2017 | mbi |
Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange
IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
|
106000000 | USD |
| CY2015 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
9000000 | USD |
| CY2017 | mbi |
Increase Decrease In Loss Adjustment Expense Recoveries
IncreaseDecreaseInLossAdjustmentExpenseRecoveries
|
-1000000 | USD |
| CY2016 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
5000000 | USD |
| CY2016 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
1000000 | USD |
| CY2017 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Accretion Of Discount On Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumsReceivableAccretionOfDiscountOnPremiumReceivable
|
10000000 | USD |
| CY2016 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
0 | USD |
| CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
|
-0.33 | pure |
| CY2017 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | USD |
| CY2017Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
160000000 | USD |
| CY2016 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
8000000 | USD |
| CY2017 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
21000000 | USD |
| CY2016 | us-gaap |
Other Income
OtherIncome
|
-282000000 | USD |
| CY2016 | mbi |
Premiums Earned Net Financial Guarantee Insurance Contracts And Insured Derivatives
PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives
|
304000000 | USD |
| CY2017 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
12000000 | USD |
| CY2017 | us-gaap |
Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
|
171000000 | USD |
| CY2016 | us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
1799000000 | USD |
| CY2015 | mbi |
Premiums Earned Net Financial Guarantee Insurance Contracts And Insured Derivatives
PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives
|
385000000 | USD |
| CY2016 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| CY2015 | us-gaap |
Other Income
OtherIncome
|
17000000 | USD |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.012 | pure |
| CY2016 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
1000000 | USD |
| CY2015 | us-gaap |
Direct Premiums Written
DirectPremiumsWritten
|
11000000 | USD |
| CY2016 | mbi |
Gross Premium Earned Financial Guarantee Insurance Contracts
GrossPremiumEarnedFinancialGuaranteeInsuranceContracts
|
307000000 | USD |
| CY2017 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
0 | USD |
| CY2016 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable Proceeds From Premiums Received
FinancialGuaranteeInsuranceContractsPremiumReceivableProceedsFromPremiumsReceived
|
-115000000 | USD |
| CY2016 | mbi |
Proceeds From Reinsurance And Recoveries
ProceedsFromReinsuranceAndRecoveries
|
99000000 | USD |
| CY2015 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
5000000 | USD |
| CY2015 | mbi |
Proceeds From Consolidation Of Variable Interest Entity
ProceedsFromConsolidationOfVariableInterestEntity
|
7000000 | USD |
| CY2016 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-5000000 | USD |
| CY2017 | mbi |
Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Other
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther
|
6000000 | USD |
| CY2015 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
9000000 | USD |
| CY2016 | mbi |
Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Discount Rate
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate
|
-14000000 | USD |
| CY2017 | us-gaap |
Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
-22000000 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Third Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate
|
23000000 | USD |
| CY2017 | us-gaap |
Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
64000000 | USD |
| CY2016 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
2000000 | USD |
| CY2016 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
7000000 | USD |
| CY2017Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
93000000 | USD |
| CY2016 | mbi |
Increase Decrease In Other Net Realized Gains Losses
IncreaseDecreaseInOtherNetRealizedGainsLosses
|
282000000 | USD |
| CY2016 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
7000000 | USD |
| CY2015 | us-gaap |
Income Tax Effects Allocated Directly To Equity
IncomeTaxEffectsAllocatedDirectlyToEquity
|
-35000000 | USD |
| CY2016Q4 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
555000000 | USD |
| CY2016 | mbi |
Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange
IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
|
84000000 | USD |
| CY2017 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
138000000 | USD |
| CY2017Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue
|
90000000 | USD |
| CY2015 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
9000000 | USD |
| CY2015 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
9000000 | USD |
| CY2016 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Change In Period Of Contract
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract
|
-5000000 | USD |
| CY2015 | us-gaap |
Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
|
238000000 | USD |
| CY2017 | us-gaap |
Revenue Other Financial Services
RevenueOtherFinancialServices
|
370000000 | USD |
| CY2017 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
17000000 | USD |
| CY2017 | mbi |
Premiums Written Financial Guarantee Insurance Contracts Percentage Of Amount Assumed To Net
PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet
|
0 | pure |
| CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.001 | pure |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
|
0 | pure |
| CY2015 | us-gaap |
Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
|
-50000000 | USD |
| CY2017 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
940000000 | USD |
| CY2017 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Other Adjustments
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments
|
12000000 | USD |
| CY2016 | mbi |
Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Assumptions
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions
|
52000000 | USD |
| CY2015 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
564000000 | USD |
| CY2016 | us-gaap |
Revenue Other Financial Services
RevenueOtherFinancialServices
|
480000000 | USD |
| CY2017 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
1202000000 | USD |
| CY2016 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
21000000 | USD |
| CY2015Q4 | mbi |
Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses
|
677000000 | USD |
| CY2015 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
97000000 | USD |
| CY2017 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
6000000 | USD |
| CY2016 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-19000000 | USD |
| CY2017 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-68000000 | USD |
| CY2015 | mbi |
Payments For Net Realized Losses On Insured Derivatives Paid
PaymentsForNetRealizedLossesOnInsuredDerivativesPaid
|
42000000 | USD |
| CY2015 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
800000000 | USD |
| CY2017 | us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
1811000000 | USD |
| CY2016 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1000000 | USD |
| CY2017Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
|
144 | |
| CY2016 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
4000000 | USD |
| CY2015 | us-gaap |
Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
|
118000000 | USD |
| CY2015 | us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
1000000 | USD |
| CY2015 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
372000000 | USD |
| CY2016 | mbi |
Effective Income Tax Rate Reconciliation Deferred Tax Inventory Adjustment
EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment
|
0.036 | pure |
| CY2015 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-39000000 | USD |
| CY2017 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParent
|
1000000 | USD |
| CY2017Q4 | mbi |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Eleventh Through Fifteenth Year Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringEleventhThroughFifteenthYearFollowingBalanceSheetDate
|
115000000 | USD |
| CY2015 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
|
13000000 | USD |
| CY2016 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
0 | USD |
| CY2017Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected During First Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate
|
5000000 | USD |
| CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure |
| CY2015 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
6000000 | USD |
| CY2016 | us-gaap |
Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
|
260000000 | USD |
| CY2017 | us-gaap |
Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate
|
0.0231 | pure |
| CY2017 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
325000000 | USD |
| CY2017 | mbi |
Weighted Average Contractual Maturity Period Of Securities Unrealized Loss Position
WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition
|
P12Y | |
| CY2017Q4 | mbi |
Loan Repurchase Commitments
LoanRepurchaseCommitments
|
407000000 | USD |
| CY2017Q4 | mbi |
Insurance Loss Recoverable
InsuranceLossRecoverable
|
511000000 | USD |
| CY2017Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
979000000 | USD |
| CY2017Q4 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
|
32000000 | USD |
| CY2017 | us-gaap |
Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
|
332000000 | USD |
| CY2017 | mbi |
Number Of Variable Interest Entities Consolidated
NumberOfVariableInterestEntitiesConsolidated
|
2 | pure |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
522000000 | USD |
| CY2017Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
4438000000 | USD |
| CY2017Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
91000000 | USD |
| CY2017Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
4423000000 | USD |
| CY2017Q4 | mbi |
Available For Sale Cumulative Other Than Temporary Impairment Of Securities
AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities
|
71000000 | USD |
| CY2015Q4 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
|
26000000 | USD |
| CY2017 | us-gaap |
Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
|
2256000000 | USD |
| CY2017 | us-gaap |
Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
|
40000000 | USD |
| CY2017 | us-gaap |
Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
|
22000000 | USD |
| CY2016 | us-gaap |
Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
|
2412000000 | USD |
| CY2016 | us-gaap |
Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
|
84000000 | USD |
| CY2016 | us-gaap |
Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
|
23000000 | USD |
| CY2017 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
|
5000000 | USD |
| CY2016 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
|
4000000 | USD |
| CY2017 | mbi |
Estimated Reclassification Of Cumulative Effect Accumulated Other Comprehensive Income To Retained Earnings For Equity Investments
EstimatedReclassificationOfCumulativeEffectAccumulatedOtherComprehensiveIncomeToRetainedEarningsForEquityInvestments
|
2000000 | USD |
| CY2016 | mbi |
Unvested Restricted Stock And Units That Receive Nonforfeitable Dividends Or Dividend Equivalents That Have Met Service Condition
UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition
|
930406 | shares |
| CY2017 | mbi |
Unvested Restricted Stock And Units That Receive Nonforfeitable Dividends Or Dividend Equivalents That Have Met Service Condition
UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition
|
311772 | shares |
| CY2016 | us-gaap |
Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
|
0 | USD |
| CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
11137000000 | USD |
| CY2016Q4 | us-gaap |
Minority Interest Amount Represented By Preferred Stock
MinorityInterestAmountRepresentedByPreferredStock
|
12000000 | USD |
| CY2017 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
|
11000000 | USD |
| CY2016 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
|
0 | USD |
| CY2017Q4 | mbi |
Deferred Tax Liabilities Unearned Premium Revenue
DeferredTaxLiabilitiesUnearnedPremiumRevenue
|
75000000 | USD |
| CY2017Q4 | mbi |
Deferred Tax Liabilities Deferral Of Cod Income
DeferredTaxLiabilitiesDeferralOfCodIncome
|
14000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
0 | USD |
| CY2017Q4 | mbi |
Deferred Tax Assets Nols And Tax Credit Carryforwards
DeferredTaxAssetsNolsAndTaxCreditCarryforwards
|
582000000 | USD |
| CY2017Q4 | mbi |
Deferred Tax Assets Insured Derivatives
DeferredTaxAssetsInsuredDerivatives
|
14000000 | USD |
| CY2017Q4 | mbi |
Deferred Tax Liabilities Variable Interest Entities
DeferredTaxLiabilitiesVariableInterestEntities
|
38000000 | USD |
| CY2016 | mbi |
Weighted Average Contractual Maturity Period Of Securities Unrealized Loss Position
WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition
|
P22Y | |
| CY2017Q4 | us-gaap |
Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
|
7102000000 | USD |
| CY2017Q4 | us-gaap |
Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
|
1459000000 | USD |
| CY2017 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
|
2000000 | USD |
| CY2017 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Change In Status
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsChangeInStatus
|
11000000 | USD |
| CY2017Q4 | mbi |
Deferred Tax Assets Capital Loss Carryforwards And Other Than Temporary Impairments
DeferredTaxAssetsCapitalLossCarryforwardsAndOtherThanTemporaryImpairments
|
22000000 | USD |
| CY2017Q4 | mbi |
Accumulatedothercomprehensiveincomelossdeferredincometaxes
Accumulatedothercomprehensiveincomelossdeferredincometaxes
|
16000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
|
0 | USD |
| CY2017 | mbi |
Change In Unrealized Gain Loss On Investments
ChangeInUnrealizedGainLossOnInvestments
|
1000000 | USD |
| CY2016 | mbi |
Change In Unrealized Gain Loss On Investments
ChangeInUnrealizedGainLossOnInvestments
|
-8000000 | USD |
| CY2015 | mbi |
Change In Unrealized Gain Loss On Investments
ChangeInUnrealizedGainLossOnInvestments
|
30000000 | USD |
| CY2016Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
2700000000 | USD |
| CY2016Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
2200000000 | USD |
| CY2016Q4 | mbi |
Insurance Loss Recoverable
InsuranceLossRecoverable
|
504000000 | USD |
| CY2016Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
541000000 | USD |
| CY2015Q4 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
792000000 | USD |
| CY2016Q4 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
409000000 | USD |
| CY2016Q4 | us-gaap |
Assets
Assets
|
11137000000 | USD |
| CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
7898000000 | USD |
| CY2016Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
2789000000 | USD |
| CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
284000000 | USD |
| CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-128000000 | USD |
| CY2016Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
3160000000 | USD |
| CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2700000000 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3227000000 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3239000000 | USD |
| CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
| CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
283989999 | shares |
| CY2016Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
148789168 | shares |
| CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
| CY2016Q4 | mbi |
Accumulatedothercomprehensiveincomelossdeferredincometaxes
Accumulatedothercomprehensiveincomelossdeferredincometaxes
|
37000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-80000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-27000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-53000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
7000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
3000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
4000000 | USD |
| CY2015 | mbi |
Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax
|
-3000000 | USD |
| CY2015 | mbi |
Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax
|
-1000000 | USD |
| CY2015 | mbi |
Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses After Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax
|
-2000000 | USD |
| CY2015 | mbi |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax
|
-4000000 | USD |
| CY2015 | mbi |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax
|
-1000000 | USD |
| CY2015 | mbi |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax
|
-3000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
-40000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
-14000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-26000000 | USD |
| CY2015 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-82000000 | USD |
| CY2015 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
98000000 | USD |
| CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3741000000 | USD |
| CY2015 | mbi |
Effect Of New Accounting Principle
EffectOfNewAccountingPrinciple
|
-9000000 | USD |
| CY2016Q4 | us-gaap |
Cash Including Discontinued Operations
CashIncludingDiscontinuedOperations
|
73000000 | USD |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
187000000 | USD |
| CY2016Q4 | us-gaap |
Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
|
7564000000 | USD |
| CY2016Q4 | us-gaap |
Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
|
1784000000 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
5450000000 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
129000000 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
148000000 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
5431000000 | USD |
| CY2016Q4 | mbi |
Available For Sale Cumulative Other Than Temporary Impairment Of Securities
AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities
|
75000000 | USD |
| CY2016Q4 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
|
29000000 | USD |
| CY2014Q4 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
|
16000000 | USD |
| CY2015 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
|
10000000 | USD |
| CY2016 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
|
1000000 | USD |
| CY2015 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
|
0 | USD |
| CY2015 | us-gaap |
Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
|
1145000000 | USD |
| CY2015 | us-gaap |
Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
|
32000000 | USD |
| CY2015 | us-gaap |
Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
|
16000000 | USD |
| CY2017Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
624000000 | USD |
| CY2017Q4 | mbi |
Issuancecostsdebt
Issuancecostsdebt
|
16000000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2121000000 | USD |
| CY2016Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
506000000 | USD |
| CY2016Q4 | mbi |
Issuancecostsdebt
Issuancecostsdebt
|
34000000 | USD |
| CY2016Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1986000000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
265000000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
1248000000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1513000000 | USD |
| CY2017 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
| CY2017 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2017Q2 | dei |
Entity Public Float
EntityPublicFloat
|
1141143207 | USD |
| CY2017 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-1.428 | pure |
| CY2016 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.002 | pure |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
2325300 | shares |
| CY2014Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
21000000 | USD |
| CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-61000000 | USD |
| CY2016Q4 | mbi |
Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses
InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses
|
583000000 | USD |
| CY2016Q4 | mbi |
Fair Value Of Securities On Deposit With Various Regulatory Authorities
FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities
|
11000000 | USD |
| CY2016Q4 | us-gaap |
Security Owned And Pledged As Collateral Fair Value
SecurityOwnedAndPledgedAsCollateralFairValue
|
416000000 | USD |
| CY2016Q4 | mbi |
Cash And Money Market Securities Collateral For Investment Agreements
CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements
|
6000000 | USD |
| CY2016Q4 | mbi |
Investment Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions For Continuous Twelve Month Period
InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod
|
46 | security |
| CY2017 | mbi |
Percentage Of Policyholders Surplus
PercentageOfPolicyholdersSurplus
|
0.1 | pure |
| CY2017 | mbi |
Percentage Of Adjusted Net Investment Income
PercentageOfAdjustedNetInvestmentIncome
|
1 | pure |
| CY2016Q4 | us-gaap |
Reinsurance Receivables Case Basis
ReinsuranceReceivablesCaseBasis
|
6000000 | USD |
| CY2016Q4 | mbi |
Loan Repurchase Commitments
LoanRepurchaseCommitments
|
404000000 | USD |
| CY2016 | us-gaap |
Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate
|
0.0207 | pure |
| CY2016Q4 | mbi |
Number Of Policies
NumberOfPolicies
|
430 | |
| CY2016Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding
|
15968000000 | USD |
| CY2016Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability
|
23000000 | USD |
| CY2016Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount
|
-75000000 | USD |
| CY2016Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
|
718000000 | USD |
| CY2016Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries
|
770000000 | USD |
| CY2016Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
|
10285000000 | USD |
| CY2016Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
|
5683000000 | USD |
| CY2016Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue
|
85000000 | USD |
| CY2016Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
|
149 | |
| CY2016Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Deferred Policy Acquisition Cost
DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost
|
42000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
|
36000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
362000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
|
64000000 | USD |
| CY2016Q4 | mbi |
Deferred Tax Liabilities Unearned Premium Revenue
DeferredTaxLiabilitiesUnearnedPremiumRevenue
|
143000000 | USD |
| CY2016Q4 | mbi |
Deferred Tax Liabilities Deferral Of Cod Income
DeferredTaxLiabilitiesDeferralOfCodIncome
|
46000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
27000000 | USD |
| CY2016Q4 | mbi |
Deferred Tax Liabilities Variable Interest Entities
DeferredTaxLiabilitiesVariableInterestEntities
|
0 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
|
4000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
|
7000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
|
26000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
970000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
1339000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Other Comprehensive Loss
DeferredTaxAssetsOtherComprehensiveLoss
|
6000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Loss Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves
|
142000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
177000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
|
0 | USD |
| CY2016Q4 | mbi |
Deferred Tax Assets Nols And Tax Credit Carryforwards
DeferredTaxAssetsNolsAndTaxCreditCarryforwards
|
929000000 | USD |
| CY2016Q4 | mbi |
Deferred Tax Assets Insured Derivatives
DeferredTaxAssetsInsuredDerivatives
|
29000000 | USD |
| CY2016Q4 | mbi |
Deferred Tax Assets Capital Loss Carryforwards And Other Than Temporary Impairments
DeferredTaxAssetsCapitalLossCarryforwardsAndOtherThanTemporaryImpairments
|
4000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
7000000 | USD |
| CY2016Q4 | mbi |
Aggregate Amount Insurance In Force Outstanding Ceded To Reinsurers
AggregateAmountInsuranceInForceOutstandingCededToReinsurers
|
7600000000 | USD |
| CY2016Q4 | mbi |
Aggregate Amount Of Insured Par Outstanding Ceded To Reinsurers
AggregateAmountOfInsuredParOutstandingCededToReinsurers
|
4200000000 | USD |
| CY2016Q4 | us-gaap |
Reinsurance Payable
ReinsurancePayable
|
26000000 | USD |
| CY2016Q4 | us-gaap |
Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
|
276000000 | USD |
| CY2016Q4 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
1000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
19000000 | USD |
| CY2017Q4 | mbi |
Insured Financial Obligations Outstanding Principal Amount Gross
InsuredFinancialObligationsOutstandingPrincipalAmountGross
|
87000000000 | USD |
| CY2016Q4 | mbi |
Insured Financial Obligations Outstanding Principal Amount Gross
InsuredFinancialObligationsOutstandingPrincipalAmountGross
|
141200000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
|
30000000 | USD |
| CY2017Q4 | us-gaap |
Reinsurance Receivables Case Basis
ReinsuranceReceivablesCaseBasis
|
17000000 | USD |
| CY2017 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
472000000 | USD |
| CY2016Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
| CY2017Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
| CY2016 | us-gaap |
Insurance Recoveries
InsuranceRecoveries
|
12000000 | USD |
| CY2017 | mbi |
Estimated Reclassification Of Cumulative Effect Retained Earnings To Accumulated Other Comprehensive Income For Financial Liabilities
EstimatedReclassificationOfCumulativeEffectRetainedEarningsToAccumulatedOtherComprehensiveIncomeForFinancialLiabilities
|
162000000 | USD |
| CY2015 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
|
0 | USD |
| CY2015Q4 | mbi |
Insurance Loss Recoverable
InsuranceLossRecoverable
|
577000000 | USD |
| CY2016Q4 | mbi |
Fair Value Of Credit Support Annexes
FairValueOfCreditSupportAnnexes
|
3000000 | USD |
| CY2017Q4 | mbi |
Approximate Percentage Of Level3 Assets At Fair Value In Total Assets Measured At Fair Value
ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue
|
0.3 | pure |
| CY2017Q4 | mbi |
Approximate Percentage Of Level3 Liabilities At Fair Value In Total Liabilities Measured At Fair Value
ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue
|
0.41 | pure |
| CY2016Q4 | mbi |
Approximate Percentage Of Level3 Assets At Fair Value In Total Assets Measured At Fair Value
ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue
|
0.21 | pure |
| CY2016Q4 | mbi |
Approximate Percentage Of Level3 Liabilities At Fair Value In Total Liabilities Measured At Fair Value
ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue
|
0.37 | pure |
| CY2016Q4 | mbi |
Percentage Of Securities Book Value Exceeded Market Value
PercentageOfSecuritiesBookValueExceededMarketValue
|
0.05 | pure |
| CY2017Q4 | mbi |
Number Of Credit Support Annexes
NumberOfCreditSupportAnnexes
|
1 | pure |
| CY2016Q4 | mbi |
Number Of Credit Support Annexes
NumberOfCreditSupportAnnexes
|
1 | pure |
| CY2017Q4 | mbi |
Insured Financial Obligations Insured Contractual Payments Outstanding Gross
InsuredFinancialObligationsInsuredContractualPaymentsOutstandingGross
|
154900000000 | USD |
| CY2017Q4 | mbi |
Insured Financial Obligations Insured Contractual Payments As Percentage Of Total Insured Contractual Obligations
InsuredFinancialObligationsInsuredContractualPaymentsAsPercentageOfTotalInsuredContractualObligations
|
1 | pure |
| CY2016Q4 | mbi |
Insured Financial Obligations Insured Contractual Payments Outstanding Gross
InsuredFinancialObligationsInsuredContractualPaymentsOutstandingGross
|
235900000000 | USD |
| CY2016Q4 | mbi |
Insured Financial Obligations Insured Contractual Payments As Percentage Of Total Insured Contractual Obligations
InsuredFinancialObligationsInsuredContractualPaymentsAsPercentageOfTotalInsuredContractualObligations
|
1 | pure |
| CY2017 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
200000 | shares |
| CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
37800 | shares |
| CY2016 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
2050000 | shares |
| CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
37500 | shares |
| CY2015 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
| CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
222700 | shares |
| CY2017 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
5.05 | |
| CY2017 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
65.5624 | |
| CY2016 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
4.4722 | |
| CY2016 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
57.51 | |
| CY2015 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
| CY2015 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
59.2118 | |
| CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
0 | shares |
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2548000 | shares |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2325300 | shares |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
237800 | shares |
| CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | shares |
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
10.9888 | |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.3703 | |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
14.6689 | |
| CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0 | |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.3703 | |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
14.6689 | |
| CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0 | |
| CY2017 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
43000000 | shares |
| CY2016 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
16600000 | shares |
| CY2017 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
7.55 | |
| CY2016 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
6.37 | |
| CY2015 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
7.6 | |
| CY2017Q4 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
250000000 | USD |
| CY2016Q4 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
88000000 | USD |
| CY2015Q4 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
94000000 | USD |
| CY2017 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
14127112 | shares |
| CY2016 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
16506438 | shares |
| CY2015 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
17967871 | shares |
| CY2015 | mbi |
Unvested Restricted Stock And Units That Receive Nonforfeitable Dividends Or Dividend Equivalents That Have Met Service Condition
UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition
|
617909 | shares |
| CY2015 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
39900000 | shares |
| CY2017Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
6000000 | USD |
| CY2016Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
33000000 | USD |
| CY2016 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Change In Status
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsChangeInStatus
|
0 | USD |
| CY2015 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Change In Status
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsChangeInStatus
|
0 | USD |
| CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.082 | pure |
| CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0 | pure |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0 | pure |
| CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
-0.714 | pure |
| CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0 | pure |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0 | pure |
| CY2015 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-81000000 | USD |
| CY2015 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
1000000 | USD |
| CY2016 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-68000000 | USD |
| CY2016 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-1000000 | USD |
| CY2017 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
101000000 | USD |
| CY2017 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-8000000 | USD |
| CY2015 | us-gaap |
Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
|
0 | USD |
| CY2015 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | USD |
| CY2015 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
490000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
3000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
0 | USD |
