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SHORT-TERM AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2023

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,
			2023						2022
			(in millions)
Short-term debt:
AB commercial paper			$	254					$	—
CLO short-term debt (5.74%) (1)			—						239
Current portion of Long-term debt (2)			—						520
Total short-term debt			254						759
Long-term debt:
Senior Notes (5.00%, due 2048)			1,481						1,481
Senior Notes (4.35%, due 2028)			1,493						1,491
Senior Notes (5.59%, due 2033)			497						—
Senior Debentures, 7.00%, due 2028)			349						350
Total long-term debt			3,820						3,322
Total borrowings			$	4,074					$	4,081

______________

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

(2)    Current portion of long-term debt has been reclassified to short-term debt for the year ended December 31, 2022 as the maturity date was within one year of year ended December 31, 2023.

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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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