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Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Contingent Contractual Obligations
The following table summarizes the Parent Company's contingent contractual obligations as of December 31, 2020. Amounts presented in the following table represent the Parent Company's current undiscounted exposure to guarantees and the range of maximum undiscounted potential exposure. The maximum exposure is not reduced by the amounts, if any, that could be recovered under the recourse or collateralization provisions in the guarantees. There were 5 obligations made by the Parent Company for the direct benefit of the lenders associated with the non-recourse debt of its businesses.
Contingent Contractual ObligationsAmount (in millions)Number of AgreementsMaximum Exposure Range for Each Agreement (in millions)
Guarantees and commitments$1,358 69
$0 — 157
Letters of credit under the unsecured credit facilities110 25
$0 — 56
Letters of credit under the revolving credit facility77 17
$0 — 62
Surety bond1
$1
Total$1,546 112