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SHORT-TERM AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Short-term and Long-term Debt

The following table sets forth the Company’s total consolidated borrowings. Short-term and long-term debt consists of the following:

			December 31,
			2022						2021
			(in millions)
Short-term debt:
CLO short-term debt (5.74%) (1)			$	239					$	92
Current portion of long-term debt (2)			520						—
Total short-term debt			759						92
Long-term debt:
Senior Notes (5.00%, due 2048)			1,481						1,481
Senior Notes (4.35%, due 2028)			1,491						1,490
Senior Notes (3.90%, due 2023)			—						519
Senior Debentures, (7.00%, due 2028)			350						349
Total long-term debt			3,322						3,839
Total borrowings			$	4,081					$	3,931

______________

(1) CLO Warehousing Debt related to VIE consolidation of CLO investment.

(2) Current portion of Long-term debt have been reclassified to short-term debt for the year ended December 31, 2022 as the maturity date is within one year of year ended December 31, 2022.

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- 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.

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