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Medium- And Long-Term Debt (Tables)

12 Months Ended

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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