Commitments, Contingencies and Off-Balance Sheet Arrangements (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Our future minimum cash payments, including interest, associated with our contractual obligations pursuant

to the Senior Notes, Note Purchase Agreements, Credit Agreement, Premium Financing Debt Facility, operating leases and purchase obligations at March 31, 2026 were as follows (in millions):


	Payments Due by Period
Contractual Obligations	2026		2027		2028		2029		2030		Thereafter		Total
Senior Notes	$	—	$	750	$	—	$	750	$	—	$	8,050	$	9,550
Note Purchase Agreements	325		478		200		350		466		1,189		3,008
Credit Agreement	285		—		—		—		—		—		285
Premium Financing Debt Facility	156		—		—		—		—		—		156
Interest on debt	386		593		539		528		473		6,117		8,636
Total debt obligations	1,152		1,821		739		1,628		939		15,356		21,635
Operating lease obligations	120		148		113		88		77		191		737
Less sublease arrangements	(3)		(2)		(2)		(1)		—		—		(8)
Outstanding purchase obligations	233		246		94		66		34		65		738
Total contractual obligations	$	1,502	$	2,213	$	944	$	1,781	$	1,050	$	15,612	$	23,102

Off-Balance Sheet Commitments

Off-Balance Sheet Commitments - Our total unrecorded commitments associated with outstanding letters of credit, financial guarantees and funding commitments as of March 31, 2026 were as follows (in millions):


	Amount of Commitment Expiration by Period												Total Amounts Committed
Off-Balance Sheet Commitments	2026		2027		2028		2029		2030		Thereafter
Letters of credit	$	—	$	—	$	—	$	—	$	—	$	14	$	14
Financial guarantees	—		—		—		—		—		49		49
Total commitments	$	—	$	—	$	—	$	—	$	—	$	63	$	63