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SHORT-TERM AND LONG-TERM DEBT (Tables)
12 Months Ended
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,
20242023
(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 debt3,833 3,820 
Total borrowings$3,833 $4,074