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Medium- And Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule Of Medium- And Long-Term Debt | Medium- and long-term debt is summarized as follows:
(in millions) |  |  |
December 31 | 2021 |  | 2020
Parent company |  |  |
Subordinated notes: |  |  |
3.80% subordinated notes due 2026 (a) | $ | 265 |  |  | $ | 280 |
Medium- and long-term notes: |  |  |
3.70% notes due 2023 (a) | 877 |  |  | 905 |
4.00% notes due 2029 (a) | 594 |  |  | 633 |
Total medium- and long-term notes | 1,471 |  |  | 1,538 |
Total parent company | 1,736 |  |  | 1,818 |
Subsidiaries |  |  |
Subordinated notes: |  |  |
4.00% subordinated notes due 2025 (a) | 363 |  |  | 380 |
7.875% subordinated notes due 2026 (a) | 190 |  |  | 207 |
Total subordinated notes | 553 |  |  | 587 |
Medium- and long-term notes: |  |  |
2.50% notes due 2024 (a) | 507 |  |  | 523 |
Total medium- and long-term notes | 507 |  |  | 523 |
Federal Home Loan Bank (FHLB) advances: |  |  |
Floating-rate based on FHLB auction rate due 2026 | — |  |  | 2,800 |
Total FHLB advances | — |  |  | 2,800 |
Total subsidiaries | 1,060 |  |  | 3,910 |
Total medium- and long-term debt | $ | 2,796 |  |  | $ | 5,728 |
(a)The fixed interest rates on these notes have been swapped to a variable rate and designated in a hedging relationship. Accordingly, carrying value has been adjusted to reflect the change in the fair value of the debt as a result of changes in the benchmark rate.
Schedule of Maturities of Medium- and Long-term Debt | At December 31, 2021, the principal maturities of medium- and long-term debt were as follows:
(in millions) |
Years Ending December 31 |
2022 | $ | — |
2023 | 850 |
2024 | 500 |
2025 | 350 |
2026 | 400 |
Thereafter | 550 |
Total | $ | 2,650 |

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