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Medium- And Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule Of Medium- And Long-Term Debt | Medium- and long-term debt is summarized as follows:
(in millions) |  |  |
December 31 | 2023 |  | 2022
Parent company |  |  |
Subordinated notes: |  |  |
3.80% subordinated notes due 2026 (a) | $ | 241 |  |  | $ | 237 |
Medium- and long-term notes: |  |  |
3.70% notes due July 2023 | — |  |  | 841 |
4.00% notes due 2029 (a) | 523 |  |  | 515 |
Total medium- and long-term notes | 523 |  |  | 1,356 |
Total parent company | 764 |  |  | 1,593 |
Subsidiaries |  |  |
Subordinated notes: |  |  |
4.00% subordinated notes due 2025 (a) | 337 |  |  | 331 |
7.875% subordinated notes due 2026 (a) | 162 |  |  | 165 |
5.332% subordinated notes due 2033 (a) | 466 |  |  | 459 |
Total subordinated notes | 965 |  |  | 955 |
Medium- and long-term notes: |  |  |
2.50% notes due 2024 (a) | 489 |  |  | 476 |
Total medium- and long-term notes | 489 |  |  | 476 |
Federal Home Loan Bank (FHLB) advances: |  |  |
5.07% advance due 2025 (a) | 995 |  |  | — |
4.79% advance due 2026 (a) | 997 |  |  | — |
4.49% advance due 2027 (a) | 999 |  |  | — |
4.49% advance due 2028 (a) | 997 |  |  | — |
Total FHLB advances | 3,988 |  |  | — |
Total subsidiaries | 5,442 |  |  | 1,431 |
Total medium- and long-term debt | $ | 6,206 |  |  | $ | 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.
Schedule of Maturities of Medium- and Long-term Debt | At December 31, 2023, the principal maturities of medium- and long-term debt were as follows:
(in millions) |
Years Ending December 31 |
2024 | $ | 500 |
2025 | 1,350 |
2026 | 1,400 |
2027 | 1,000 |
2028 | 1,000 |
Thereafter | 1,050 |
Total | $ | 6,300 |

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