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Medium- And Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule Of Medium- And Long-Term Debt
Medium- and long-term debt is summarized as follows:
(in millions)
December 3120232022
Parent company
Subordinated notes:
3.80% subordinated notes due 2026 (a)
$241 $237 
Medium- and long-term notes:
3.70% notes due July 2023
— 841 
4.00% notes due 2029 (a)
523 515 
Total medium- and long-term notes523 1,356 
Total parent company764 1,593 
Subsidiaries
Subordinated notes:
4.00% subordinated notes due 2025 (a)
337 331 
7.875% subordinated notes due 2026 (a)
162 165 
5.332% subordinated notes due 2033 (a)
466 459 
Total subordinated notes965 955 
Medium- and long-term notes:
2.50% notes due 2024 (a)
489 476 
Total medium- and long-term notes489 476 
Federal Home Loan Bank (FHLB) advances:
5.07% advance due 2025 (a)
995 — 
4.79% advance due 2026 (a)
997 — 
4.49% advance due 2027 (a)
999 — 
4.49% advance due 2028 (a)
997 — 
Total FHLB advances3,988 — 
Total subsidiaries5,442 1,431 
Total medium- and long-term debt$6,206 $3,024 
(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, 2023, the principal maturities of medium- and long-term debt were as follows:
(in millions) 
Years Ending December 31
  
2024$500 
20251,350 
20261,400 
20271,000 
20281,000 
Thereafter1,050 
Total$6,300