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Equity Securities (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Components of Change in Net Gains (Losses) on Equity Securities

The net gains (losses) on equity securities recognized in “Investment related losses” on the Consolidated Statements of Operations are shown below:

			Successor																					Predecessor
			Year Ended December 31,												Period From May 25 to December 31,									Period From January 1 to May 24,
			2024						2023						2022									2022
			(Dollars in millions)
Unrealized gains (losses) on equity securities			$	(56)					$	85					$	49								$	(7)
Net gains (losses) on equity securities sold			8						12						—									(6)
Net gains (losses) on equity securities			$	(48)					$	97					$	49								$	(13)

Equity securities by market sector distribution are shown below, based on carrying value:

			December 31,
			2024						2023
Consumer goods			5		%				—		%
Education			20		%				—		%
Energy and utilities			10		%				30		%
Finance			48		%				24		%
Healthcare			2		%				9		%
Industrials			12		%				3		%
Information technology			—		%				18		%
Other			3		%				16		%
Total			100		%				100		%

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- References

No definition available.

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- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

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