Medium- And Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2025

Medium- and long-term debt is summarized as follows:


(in millions)	June 30, 2025		December 31, 2024
Parent company
Subordinated notes:
3.80% subordinated notes due 2026	$	246	$	243
Medium- and long-term notes:
4.00% notes due 2029	533		519
5.982% notes due 2030	1,007		984
Total medium- and long-term notes	1,540		1,503
Total parent company	1,786		1,746
Subsidiaries
Subordinated notes:
4.00% subordinated notes due 2025	349		345
7.875% subordinated notes due 2026	155		157
5.332% subordinated notes due 2033	469		451
Total subordinated notes	973		953


FHLB advances:
5.07% advance due March 2025	—		1,000
4.79% advance due 2026	999		997
4.49% advance due 2027	1,002		992
4.49% advance due 2028	1,002		985
Total FHLB advances	3,003		3,974
Total subsidiaries	3,976		4,927
Total medium- and long-term debt	$	5,762	$	6,673

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details