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Borrowings and Other Financings (Tables) | 6 Months Ended
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Jun. 30, 2024
Schedule of Long Term Borrowings | The following table sets forth total long-term borrowings as of the dates indicated:
(Amounts in millions) |  | June 30, 2024 |  |  | December 31, 2023 |
Genworth Holdings |  |  |  |  |
6.50% Senior Notes, due 2034 (1) |  | $ | 262 |  |  | $ | 262 |
Floating Rate Junior Subordinated Notes, due 2066 (2) |  |  | 574 |  |  |  | 592 |
Subtotal |  |  | 836 |  |  |  | 854 |
Bond consent fees |  |  | (9 | ) |  |  | (9 | )
Deferred borrowing charges |  |  | (5 | ) |  |  | (6 | )
Total Genworth Holdings |  |  | 822 |  |  |  | 839 |
Enact Holdings |  |  |  |  |  |  |  |
6.50% Senior Notes, due 2025 |  |  | — |  |  |  | 750 |
6.25% Senior Notes, due 2029 |  |  | 750 |  |  |  | — |
Deferred borrowing charges |  |  | (8 | ) |  |  | (5 | )
Total Enact Holdings |  |  | 742 |  |  |  | 745 |
Total |  | $ | 1,564 |  |  | $ | 1,584 |
(1) | Genworth Holdings has the option to redeem all or a portion of the senior notes at any time with notice to the noteholders at a price equal to the greater of 100% of principal or the sum of the present value of the remaining scheduled payments of principal and interest discounted at the then-current treasury rate plus an applicable spread.
(2) | Genworth Holdings may repay, redeem or repurchase $2,000 principal amount of its junior subordinated notes for each $1,000 principal amount of its senior notes repaid, redeemed or repurchased.

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