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Short-Term and Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2019
Short-Term and Long-Term Debt [Abstract] |
Schedule Of Changes In Long Term Debt |
| As of December 31, |  |
| 2019 |  | 2018 |  |
Short-Term Debt |  |  |  |  |  |  |
Current maturities of long-term debt | $ | 300 |  | $ | - |  |
Total short-term debt | $ | 300 |  | $ | - |  |
Long-Term Debt, Excluding Current Portion |  |  |  |  |  |  |
Senior notes: |  |  |  |  |  |  |
6.25% notes, due 2020 (1) | $ | - |  | $ | 300 |  |
4.85% notes, due 2021 (1) |  | 296 |  |  | 300 |  |
4.20% notes, due 2022 (1) |  | 300 |  |  | 300 |  |
LIBOR + 100 bps loan, due 2023 |  | - |  |  | 200 |  |
4.00% notes, due 2023 (1) |  | 500 |  |  | 500 |  |
LIBOR + 87.5 bps loan, due 2024 |  | 250 |  |  | - |  |
3.35% notes, due 2025 (1) |  | 300 |  |  | 300 |  |
3.63% notes, due 2026 (1) |  | 400 |  |  | 400 |  |
3.80% notes, due 2028 (1) |  | 500 |  |  | 500 |  |
3.05% notes, due 2030 (1) |  | 500 |  |  | - |  |
6.15% notes, due 2036 (1) |  | 243 |  |  | 348 |  |
6.30% notes, due 2037 (1)(2) |  | 375 |  |  | 375 |  |
7.00% notes, due 2040 (1)(2) |  | 500 |  |  | 500 |  |
4.35% notes, due 2048 (1) |  | 450 |  |  | 450 |  |
Total senior notes |  | 4,614 |  |  | 4,473 |  |
Capital securities: |  |  |  |  |  |  |
LIBOR + 236 bps, due 2066 (3) |  | 722 |  |  | 722 |  |
LIBOR + 204 bps, due 2067 (3) |  | 491 |  |  | 491 |  |
Total capital securities |  | 1,213 |  |  | 1,213 |  |
Unamortized premiums (discounts) |  | (4 | ) |  | (3 | ) |
Unamortized debt issuance costs |  | (34 | ) |  | (33 | ) |
Unamortized adjustments from discontinued hedges |  | 118 |  |  | 123 |  |
Fair value hedge on interest rate swap agreements |  | 160 |  |  | 66 |  |
Total long-term debt | $ | 6,067 |  | $ | 5,839 |  |
(1)We have the option to repurchase the outstanding notes by paying the greater of 100% of the principal amount of the notes to be redeemed or the make-whole amount (as defined in each note agreement), plus in each case any accrued and unpaid interest as of the date of redemption. (2)Categorized as operating debt for leverage ratio calculations as the proceeds were primarily used as a long-term structured solution to reduce the strain on increasing statutory reserves associated with secondary guarantee UL and term policies. (3)To hedge the variability in rates, we purchased interest rate swaps to lock in a fixed rate of approximately 5% over the remaining terms of the capital securities.
Schedule Of Extinguishment Of Debt |
| For the Years Ended December 31, |
| 2019 |  | 2018 |  | 2017 |
Principal balance outstanding prior to payoff (1) | $ | 109 |  | $ | 287 |  | $ | - |
Unamortized debt issuance costs and discounts |  | (1 | ) |  | (1 | ) |  | 5 |
Amount paid to retire debt |  | (150 | ) |  | (309 | ) |  | - |
Gain (loss) on early extinguishment of debt, pre-tax | $ | (42 | ) | $ | (23 | ) | $ | 5 |
(1)During the third quarter of 2019, we repurchased $105 million of our 6.15% senior notes due 2036 and $4 million of our 4.85% senior notes due 2021. During the first quarter of 2018, we repurchased $287 million of our 8.75% senior notes due 2019.
Future Principal Payments |
2020 | $ | 300 |  |
2021 |  | 296 |  |
2022 |  | 300 |  |
2023 |  | 500 |  |
2024 |  | 250 |  |
Thereafter |  | 4,481 |  |
Total | $ | 6,127 |  |
Credit facilities and letters of credit |
|  |  | As of December 31, 2019 |
| Expiration |  | Maximum |  | LOCs |
| Date |  | Available |  | Issued |
Credit Facilities |  |  |  |  |  |  |  |
Five-year revolving credit facility | July 31, 2024 |  | $ | 2,250 |  | $ | 346 |
LOC facility (1) | August 26, 2031 |  |  | 990 |  |  | 965 |
LOC facility (1) | October 1, 2031 |  |  | 982 |  |  | 982 |
Total |  |  | $ | 4,222 |  | $ | 2,293 |
(1)Our wholly-owned subsidiaries entered into irrevocable LOC facility agreements with third-party lenders supporting inter-company reinsurance agreements.

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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