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SHORT-TERM AND LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2024
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,
| 2024 |  | 2023
| (in millions)
Short-term debt: |  |  |
AB commercial paper | $ | — |  |  | $ | 254 |
CLO short-term debt (5.74%) | — |  |  | — |
Current portion of Long-term debt | — |  |  | — |
Total short-term debt | — |  |  | 254 |
Long-term debt: |  |  |
Senior Notes (5.00%, due 2048) | 1,289 |  |  | 1,481 |
Senior Notes (4.35%, due 2028) | 1,494 |  |  | 1,493 |
Senior Notes (5.59%, due 2033) | 497 |  |  | 497 |
Senior Note (4.572% due 2029) | 303 |  |  | — |
Senior Debentures, (7.00%, due 2028) | 250 |  |  | 349 |
Total long-term debt | 3,833 |  |  | 3,820 |
Total borrowings | $ | 3,833 |  |  | $ | 4,074 |

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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. + References No definition available. + Details
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