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Subsequent Events
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS

On January 23, 2019, the parent company issued $750 million of senior notes with a maturity date of January 23, 2024. Interest is payable semi-annually at a fixed rate of 3.50% per annum, on January 23 and July 23 of each year, beginning on July 23, 2019. On February 15, 2019, the parent company issued an additional $300 million of these notes bringing the aggregate outstanding principal amount of the series to $1.05 billion.

On January 31, 2019, we transferred our remaining 143,458 shares of BlackRock Series C Preferred Stock to BlackRock to satisfy our LTIP obligation. Upon transfer, Other assets and Other liabilities on our Consolidated Balance Sheet were each reduced by $45 million, representing the fair value of the shares transferred.  After this transfer, we no longer hold any shares of BlackRock Series C Preferred Stock and have satisfied our Series C Preferred Stock share delivery obligation in connection with the Share Surrender Agreement.