Medium- And Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule Of Medium- And Long-Term Debt

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

(in millions)	June 30, 2021		December 31, 2020
Parent company
Subordinated notes:
3.80% subordinated notes due 2026 (a)	$	271	$	280
Medium- and long-term notes:
3.70% notes due 2023 (a)	892		905
4.00% notes due 2029 (a)	607		633
Total medium- and long-term notes	1,499		1,538
Total parent company	1,770		1,818
Subsidiaries
Subordinated notes:
4.00% subordinated notes due 2025 (a)	371		380
7.875% subordinated notes due 2026 (a)	198		207
Total subordinated notes	569		587
Medium- and long-term notes:
2.50% notes due 2024 (a)	515		523
Total medium- and long-term notes	515		523
FHLB advances:
Floating-rate based on FHLB auction rate due 2026	—		2,800
Total FHLB advances	—		2,800
Total subsidiaries	1,084		3,910
Total medium- and long-term debt	$	2,854	$	5,728

(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.