Borrowings (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Long Term Borrowings

The following table sets forth total long-term borrowings as of the dates indicated:

(Amounts in millions)	September 30, 2020			December 31, 2019
Genworth Holdings (1)
7.70% Senior Notes, due 2020	$	—		$	397
7.20% Senior Notes, due 2021		338			382
7.625% Senior Notes, due 2021		661			701
4.90% Senior Notes, due 2023		399			399
4.80% Senior Notes, due 2024		400			400
6.50% Senior Notes, due 2034		297			297
Floating Rate Junior Subordinated Notes, due 2066		598			598
Subtotal		2,693			3,174
Bond consent fees		(20	)		(25	)
Deferred borrowing charges		(10	)		(12	)
Total Genworth Holdings		2,663			3,137
Genworth Mortgage Holdings, Inc.
6.50% Senior Notes, due 2025		750			—
Deferred borrowing charges		(12	)		—
Total Genworth Mortgage Holdings, Inc.		738			—
Australia (2)
Floating Rate Junior Subordinated Notes, due 2025		35			140
Floating Rate Junior Subordinated Notes, due 2030		136			—
Subtotal		171			140
Deferred borrowing charges		(2	)		—
Total Australia		169			140
Total	$	3,570		$	3,277

(1)  We have 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)  Subordinated floating rate notes issued by Genworth Financial Mortgage Insurance Pty Limited (“GFMIPL”), our indirect majority-owned subsidiary, who currently has the option to redeem the notes due in 2025 at face value at any time, subject to the Australian Prudential Regulation Authority’s (“APRA”) prior written approval.