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Medium- And Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule Of Medium- And Long-Term Debt | Medium- and long-term debt is summarized as follows:
(in millions) |  |  |
December 31 | 2022 |  | 2021
Parent company |  |  |
Subordinated notes: |  |  |
3.80% subordinated notes due 2026 (a) | $ | 237 |  |  | $ | 265 |
Medium- and long-term notes: |  |  |
3.70% notes due 2023 (a) | 841 |  |  | 877 |
4.00% notes due 2029 (a) | 515 |  |  | 594 |
Total medium- and long-term notes | 1,356 |  |  | 1,471 |
Total parent company | 1,593 |  |  | 1,736 |
Subsidiaries |  |  |
Subordinated notes: |  |  |
4.00% subordinated notes due 2025 (a) | 331 |  |  | 363 |
7.875% subordinated notes due 2026 (a) | 165 |  |  | 190 |
5.332% subordinated notes due 2033 (a) | 459 |  |  | — |
Total subordinated notes | 955 |  |  | 553 |
Medium- and long-term notes: |  |  |
2.50% notes due 2024 (a) | 476 |  |  | 507 |
Total subsidiaries | 1,431 |  |  | 1,060 |
Total medium- and long-term debt | $ | 3,024 |  |  | $ | 2,796 |
(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, 2022, the principal maturities of medium- and long-term debt were as follows:
(in millions) |
Years Ending December 31 |
2023 | $ | 850 |
2024 | 500 |
2025 | 350 |
2026 | 400 |
2027 | — |
Thereafter | 1,050 |
Total | $ | 3,150 |

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