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Debt | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Long-Term Debt | 13. Long-term Debt Senior Notes In June 2024, MetLife, Inc. issued $500 million of senior notes due December 2034 which bear interest at a fixed rate of 5.300%, payable semi-annually. In connection with the issuance, MetLife, Inc. incurred $4 million of related costs which will be amortized over the term of the senior notes. In April 2024, MetLife, Inc. redeemed for $438 million in cash all of its £350 million aggregate principal amount outstanding 5.375% senior notes due December 2024. In March 2024, MetLife, Inc. issued the following fixed rate senior notes totaling $752 million, interest on which is payable semi-annually: •¥7.1 billion due March 2029 which bear interest annually at 1.009%; •¥23.1 billion due March 2031 which bear interest annually at 1.415%; •¥16.7 billion due March 2034 which bear interest annually at 1.670%; •¥11.2 billion due March 2039 which bear interest annually at 1.953%; •¥15.5 billion due March 2044 which bear interest annually at 2.195%; •¥23.5 billion due March 2054 which bear interest annually at 2.390%; and •¥15.2 billion due March 2059 which bear interest annually at 2.448%. In connection with the March 2024 issuances, MetLife, Inc. incurred $6 million of related costs which are amortized over the applicable term of each series of the senior notes.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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