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Variable Interest Entities FV Options for consolidated CLOs (Details 4) - Consolidated investment entities - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
Syndicated loans      
Unpaid principal balance   $ 2,666 $ 1,990
Excess unpaid principal over fair value   (57) (81)
Fair value   2,609 1,909
Fair value of loans more than 90 days past due   2 5
Fair value of loans in nonaccrual status   29 19
Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both   18 24
Debt      
Unpaid principal balance   2,696 2,069
Fair Value, Option, Aggregate Differences, Long-term Debt Instruments   (138) (156)
Carrying value and fair value [1]   2,558 1,913
Fair Value      
Debt      
Carrying value and fair value   $ 2,600 $ 2,000
CLOs      
Debt      
Debt issued $ 817    
[1] The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.6 billion and $2.0 billion as of June 30, 2021 and December 31, 2020, respectively.