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Medium- And Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule Of Medium- And Long-Term Debt

Medium- and long-term debt is summarized as follows:

(in millions)			September 30, 2023						December 31, 2022
Parent company
Subordinated notes:
3.80% subordinated notes due 2026 (a)			$	235					$	237
Medium- and long-term notes:
3.70% notes due July 2023			—						841
4.00% notes due 2029 (a)			502						515
Total medium- and long-term notes			502						1,356
Total parent company			737						1,593
Subsidiaries
Subordinated notes:
4.00% subordinated notes due 2025 (a)			331						331
7.88% subordinated notes due 2026 (a)			159						165
5.33% subordinated notes due 2033 (a)			437						459
Total subordinated notes			927						955
Medium- and long-term notes:
2.50% notes due 2024 (a)			484						476
Total medium- and long-term notes			484						476
Federal Home Loan Bank advances:
5.07% advance due 2025 (a)			986						—
4.79% advance due 2026 (a)			978						—
4.49% advance due 2027 (a)			973						—
4.49% advance due 2028 (a)			964						—
Total Federal Home Loan Bank advances:			3,901						—
Total subsidiaries			5,312						1,431
Total medium- and long-term debt			$	6,049					$	3,024

(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.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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