Medium- And Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule Of Medium- And Long-Term Debt

Medium- and long-term debt is summarized as follows:

(in millions)	September 30, 2016		December 31, 2015
Parent company
Subordinated notes:
3.80% subordinated notes due 2026 (a)	274		259
Medium-term notes:
2.125% notes due 2019 (a)	352		349
Total parent company	626		608
Subsidiaries
Subordinated notes:
5.75% subordinated notes due 2016 (a) (b)	651		659
5.20% subordinated notes due 2017 (a)	516		530
4.00% subordinated notes due 2025 (a)	370		351
7.875% subordinated notes due 2026 (a)	230		223
Total subordinated notes	1,767		1,763
Medium-term notes:
2.50% notes due 2020 (a)	681		671
Federal Home Loan Bank (FHLB) advances:
Floating-rate based on FHLB auction rate due 2026	2,800		—
Other notes:
6.0% - 6.4% fixed-rate notes due 2020	16		16
Total subsidiaries	5,264		2,450
Total medium- and long-term debt	$	5,890	$	3,058

(a) The fixed interest rates on these notes have been swapped to a variable rate and designated in a hedging relationship. Accordingly, carrying value has been adjusted to reflect the change in the fair value of the debt as a result of changes in the benchmark rate.

(b) The fixed interest rate on $250 million of $650 million total par value of these notes have been swapped to a variable rate. The remaining amount is not swapped.