Medium- And Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule Of Medium- And Long-Term Debt

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

(in millions)	September 30, 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)	911		884
4.00% notes due 2029 (a)	643		587
Total medium- and long-term notes	1,554		1,471
Total parent company	1,836		1,735
Subsidiaries
Subordinated notes:
4.00% subordinated notes due 2025 (a)	382		360
7.875% subordinated notes due 2026 (a)	210		202
Total subordinated notes	592		562
Medium- and long-term notes:
2.50% notes due 2020 (a)	—		674
2.50% notes due 2024 (a)	526		498
Total medium- and long-term notes	526		1,172
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
Total FHLB advances	2,800		3,800
Total subsidiaries	3,918		5,534
Total medium- and long-term debt	$	5,754	$	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.