Medium- And Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule Of Medium- And Long-Term Debt

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

(in millions)	September 30, 2022		December 31, 2021
Parent company
Subordinated notes:
3.80% subordinated notes due 2026 (a)	$	236	$	265
Medium- and long-term notes:
3.70% notes due July 2023(a)	840		877
4.00% notes due 2029 (a)	510		594
Total medium- and long-term notes	1,350		1,471
Total parent company	1,586		1,736
Subsidiaries
Subordinated notes:
4.00% subordinated notes due 2025 (a)	331		363
7.875% subordinated notes due 2026 (a)	166		190
5.332% subordinated notes due 2033 (a)	458		—
Total subordinated notes	955		553
Medium- and long-term notes:
2.50% notes due 2024 (a)	475		507
Total subsidiaries	1,430		1,060
Total medium- and long-term debt	$	3,016	$	2,796

(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.