Medium- And Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule Of Medium- And Long-Term Debt

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

(in millions)	March 31, 2020		December 31, 2019
Parent company
Subordinated notes:
3.80% subordinated notes due 2026 (a)	$	282	$	264
Medium- and long-term notes:
3.70% notes due 2023 (a)	917		884
4.00% notes due 2029 (a)	642		587
Total medium- and long-term notes	1,559		1,471
Total parent company	1,841		1,735
Subsidiaries
Subordinated notes:
4.00% subordinated notes due 2025 (a)	381		360
7.875% subordinated notes due 2026 (a)	213		202
Total subordinated notes	594		562
Medium- and long-term notes:
2.50% notes due 2020 (a) (b)	675		674
2.50% notes due 2024 (a)	524		498
Total medium- and long-term notes	1,199		1,172
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	5,593		5,534
Total medium- and long-term debt	$	7,434	$	7,269

(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) Due on June 2, 2020.