Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of debt [Table Text Block]

The balances and the stated interest rates of outstanding debt of Ameriprise Financial were as follows: 

	Outstanding Balance				Stated Interest Rate
	December 31,				December 31,
	2020		2019		2020		2019
	(in millions)
Long-term debt:
Senior notes due 2020	$	—	$	750	—	%	5.3	%
Senior notes due 2022	500		500		3.0		3.0
Senior notes due 2023	750		750		4.0		4.0
Senior notes due 2024	550		550		3.7		3.7
Senior notes due 2025	500		—		3.0		—
Senior notes due 2026	500		500		2.9		2.9
Finance lease liabilities	44		57		N/A		N/A
Other (1)	(13)		(10)		N/A		N/A
Total long-term debt	2,831		3,097
Short-term borrowings:
Federal Home Loan Bank (“FHLB”) advances	200		201		0.4		1.8
Total	$	3,031	$	3,298

N/A  Not Applicable

(1) Amounts include adjustments for fair value hedges on the Company’s long-term debt and unamortized discount and debt issuance costs. See Note 17 for information on the Company’s fair value hedges.