XML 78 R56.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Long-term and Short-term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Debt Disclosure [Abstract] |
Long-term and Short-term debt outstanding | Long-term and short-term debt outstanding was as follows:
|  |  |  |  |  |  |  |  |  |  | December 31,
| Interest Rates (1) |  |  |  | 2023 |  | 2022
| Range | Maturity | Face Value |  | Unamortized Discount and Issuance Costs |  | Carrying Value |  | Face Value |  | Unamortized Discount and Issuance Costs |  | Carrying Value
|  |  |  |  |  |  |  |  |  |  | (In millions)
Senior notes | 0.50 | % |  | - |  | 6.50% |  | 2024 | - | 2054 |  | $ | 14,622 |  |  | $ | (106) |  |  | $ | 14,516 |  |  | $ | 13,671 |  |  | $ | (83) |  |  | $ | 13,588 |
Surplus notes | 7.63 | % |  | - |  | 7.88% |  | 2024 | - | 2025 |  | 507 |  |  | — |  |  | 507 |  |  | 507 |  |  | (1) |  |  | 506 |
Other notes | 2.03 | % |  | - |  | 8.43% |  | 2024 | - | 2028 |  | 495 |  |  | (2) |  |  | 493 |  |  | 500 |  |  | (3) |  |  | 497 |
Financing lease obligations |  |  |  |  |  |  |  |  |  |  | 32 |  |  | — |  |  | 32 |  |  | 56 |  |  | — |  |  | 56 |
Total long-term debt |  |  |  |  |  |  |  |  |  |  | 15,656 |  |  | (108) |  |  | 15,548 |  |  | 14,734 |  |  | (87) |  |  | 14,647 |
Total short-term debt |  |  |  |  |  |  |  |  |  |  | 119 |  |  | — |  |  | 119 |  |  | 175 |  |  | — |  |  | 175 |
Total |  |  |  |  |  |  |  |  |  |  | $ | 15,775 |  |  | $ | (108) |  |  | $ | 15,667 |  |  | $ | 14,909 |  |  | $ | (87) |  |  | $ | 14,822 |
__________________ (1)Range of interest rates are for the year ended December 31, 2023.
Schedule of Short-term Debt | Short-term Debt Short-term debt with maturities of one year or less was as follows:
|  | December 31,
|  | 2023 |  | 2022
|  | (Dollars in millions)
Commercial paper |  | $ | — |  |  | $ | 99 |
Short-term borrowings (1) |  | 119 |  |  | 76 |
Total short-term debt |  | $ | 119 |  |  | $ | 175 |
Average daily balance |  | $ | 142 |  |  | $ | 237 |
Average days outstanding |  | 65 days |  | 157 days
__________________ (1)Includes $115 million and $76 million at December 31, 2023 and 2022, respectively, of short-term debt related to repurchase agreements, secured by assets of subsidiaries.
Schedule of Line of Credit Facilities | Information on the Credit Facility at December 31, 2023 was as follows:
Borrower(s) |  | Expiration |  | Maximum Capacity |  | Letters of Credit Issued |  | Drawdowns |  | Unused Commitments
|  |  |  |  | (In millions)
MetLife, Inc. and MetLife Funding, Inc. |  | May 2028 | (1) |  | $ | 3,000 |  |  |  | $ | 297 |  |  | $ | — |  |  | $ | 2,703 |
__________________ (1) In May 2023, the Credit Facility was amended and restated to, among other things, extend the maturity date. All borrowings under the Credit Facility must be repaid by May 8, 2028, except that letters of credit outstanding on that date may remain outstanding until no later than May 8, 2029.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration