Medium- And Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2025

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


(in millions)	March 31, 2025		December 31, 2024
Parent company
Subordinated notes:
3.80% subordinated notes due 2026	$	245	$	243
Medium- and long-term notes:
4.00% notes due 2029	528		519
5.982% notes due 2030	999		984
Total medium- and long-term notes	1,527		1,503
Total parent company	1,772		1,746
Subsidiaries
Subordinated notes:
4.00% subordinated notes due 2025	347		345
7.875% subordinated notes due 2026	157		157
5.332% subordinated notes due 2033	463		451
Total subordinated notes	967		953


FHLB advances:
5.07% advance due March 2025	—		1,000
4.79% advance due 2026	999		997
4.49% advance due 2027	999		992
4.49% advance due 2028	996		985
Total FHLB advances	2,994		3,974
Total subsidiaries	3,961		4,927
Total medium- and long-term debt	$	5,733	$	6,673

- Definition

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.

+ References

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+ Details