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Borrowings (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Long-term Debt Including Unamortized Debt Discounts and Premiums

The following table lists long-term debt by instrument outstanding as of September 30, 2025 and December 31, 2024:

			Date of Issuance			Principal Amount Outstanding
						September 30, 2025			December 31, 2024
CSC Fixed-rate Senior Notes:
3.000% due March 10, 2025			03/10/15			$	—		$	375
4.200% due March 24, 2025			03/24/20			—			600
3.625% due April 1, 2025			09/24/21			—			418
3.850% due May 21, 2025			05/22/18			—			750
3.450% due February 13, 2026			11/13/15			350			350
0.900% due March 11, 2026			12/11/20			1,250			1,250
1.150% due May 13, 2026			05/13/21			1,000			1,000
5.875% due August 24, 2026			08/24/23			1,000			1,000
3.200% due March 2, 2027			03/02/17			650			650
2.450% due March 3, 2027			03/03/22			1,500			1,500
3.300% due April 1, 2027			09/24/21			744			744
3.200% due January 25, 2028			12/07/17			700			700
2.000% due March 20, 2028			03/18/21			1,250			1,250
4.000% due February 1, 2029			10/31/18			600			600
3.250% due May 22, 2029			05/22/19			600			600
2.750% due October 1, 2029			09/24/21			475			475
4.625% due March 22, 2030			03/24/20			500			500
1.650% due March 11, 2031			12/11/20			750			750
2.300% due May 13, 2031			05/13/21			750			750
1.950% due December 1, 2031			08/26/21			850			850
2.900% due March 3, 2032			03/03/22			1,000			1,000
CSC Floating-rate Senior Notes:
SOFR + 0.520% due May 13, 2026			05/13/21			500			500
SOFR + 1.050% due March 3, 2027			03/03/22			500			500
CSC Fixed-to-Floating rate Senior Notes:
5.643% due May 19, 2029 (1)			05/19/23			1,200			1,200
6.196% due November 17, 2029 (2)			11/17/23			1,300			1,300
5.853% due May 19, 2034 (3)			05/19/23			1,300			1,300
6.136% due August 24, 2034 (4)			08/24/23			1,350			1,350
Total CSC Senior Notes						20,119			22,262
Ameritrade Holding Fixed-rate Senior Notes:
3.625% due April 1, 2025			10/22/14			—			82
3.300% due April 1, 2027			04/27/17			56			56
2.750% due October 1, 2029			08/16/19			25			25
Total Ameritrade Holding Senior Notes						81			163
Finance lease liabilities						30			49
Unamortized premium — net						37			54
Debt issuance costs						(74)			(93)
Fair value hedging basis adjustments (5)						6			(7)
Total long-term debt						$	20,199		$	22,428

(1) The May 2029 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 5.643%, payable semi-annually, until the interest reset date on May 19, 2028. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 2.210%, payable quarterly.

(2) The November 2029 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 6.196%, payable semi-annually, until the interest reset date on November 17, 2028. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 1.878%, payable quarterly.

(3) The May 2034 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 5.853%, payable semi-annually, until the interest reset date on May 19, 2033. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 2.500%, payable quarterly.

(4) The August 2034 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 6.136%, payable semi-annually, until the interest reset date on August 24, 2033. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 2.010%, payable quarterly.

(5) This represents the amount of fair value hedge basis adjustments related to Senior Notes hedged. See Note 11 for more information on hedging of Senior Notes.

Annual Maturities on Debt Outstanding

Annual maturities on all long-term debt outstanding at September 30, 2025 are as follows:

			Maturities
2025			$	5
2026			4,112
2027			3,463
2028			1,950
2029			4,200
Thereafter			6,500
Total maturities			20,230
Unamortized premium — net			37
Debt issuance costs			(74)
Fair value hedging basis adjustments (1)			6
Total long-term debt			$	20,199

(1) This represents the amount of fair value hedge basis adjustments related to long-term debt hedged. See Note 11 for more information on hedging of long-term debt.

Annual maturities on FHLB borrowings and other short-term borrowings outstanding at September 30, 2025 are as follows:

			2025			2026			Total
FHLB borrowings			$	—		$	850		$	850
Other short-term borrowings			5,541			1,000			6,541
Total			$	5,541		$	1,850		$	7,391

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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