Medium- And Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule Of Medium- And Long-Term Debt

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

(in millions)
December 31	2019		2018
Parent company
Subordinated notes:
3.80% subordinated notes due 2026 (a)	$	264	$	250
Medium- and long-term notes:
2.125% notes due 2019 (a)	—		348
3.70% notes due 2023 (a)	884		861
4.00% notes due 2029 (a)	587		—
Total medium- and long-term notes	1,471		1,209
Total parent company	1,735		1,459
Subsidiaries
Subordinated notes:
4.00% subordinated notes due 2025 (a)	360		343
7.875% subordinated notes due 2026 (a)	202		198
Total subordinated notes	562		541
Medium- and long-term notes:
2.50% notes due 2020 (a)	674		663
2.50% notes due 2024 (a)	498		—
Total medium- and long-term notes	1,172		663
Federal Home Loan Bank (FHLB) advances:
Floating-rate based on FHLB auction rate due 2026	2,800		2,800
Floating-rate based on FHLB auction rate due 2028	1,000		1,000
Total FHLB advances	3,800		3,800
Total subsidiaries	5,534		5,004
Total medium- and long-term debt	$	7,269	$	6,463

(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.

Schedule of Maturities of Medium- and Long-term Debt

At December 31, 2019, the principal maturities of medium- and long-term debt were as follows:

(in millions)
Years Ending December 31
2020	$	675
2021	—
2022	—
2023	850
2024	500
Thereafter	5,100
Total	$	7,125