Variable Interest Entities

12 Months Ended

Dec. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Variable Interest Entities

Variable Interest Entities

We hold variable interests in certain VIEs primarily in our Real Estate Investments segment which are not consolidated as it was determined that we are not the primary beneficiary. Our involvement with these entities is in the form of equity co-investments and fee arrangements.

As of December 31, 2023 and 2022, our maximum exposure to loss related to the VIEs that are not consolidated was as follows (dollars in millions):

	December 31,
	2023		2022
Investments in unconsolidated subsidiaries	$	165	$	153
Co-investment commitments	58		84
Maximum exposure to loss	$	223	$	237