v3.25.4
Variable Interest Entities - Fair Value of Assets and Liabilities (Details) - Consolidated investment entities - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Liabilities    
Debt $ 2,585 $ 2,429
Recurring basis    
Assets    
Investments 2,618 2,387
Receivables 30 31
Other assets   2
Total assets at fair value 2,648 2,420
Liabilities    
Debt 2,585 2,429
Other liabilities 159 314
Total liabilities at fair value 2,744 2,743
Corporate debt securities | Recurring basis    
Assets    
Investments 71 50
Common stocks | Recurring basis    
Assets    
Investments   3
Syndicated loans | Recurring basis    
Assets    
Investments 2,547 2,334
Level 1 | Recurring basis    
Assets    
Investments 0 0
Receivables 0 0
Other assets   0
Total assets at fair value 0 0
Liabilities    
Debt 0 0
Other liabilities 0 0
Total liabilities at fair value 0 0
Level 1 | Corporate debt securities | Recurring basis    
Assets    
Investments 0 0
Level 1 | Common stocks | Recurring basis    
Assets    
Investments   0
Level 1 | Syndicated loans | Recurring basis    
Assets    
Investments 0 0
Level 2 | Recurring basis    
Assets    
Investments 2,529 2,268
Receivables 30 31
Other assets   2
Total assets at fair value 2,559 2,301
Liabilities    
Debt 2,585 2,429
Other liabilities 159 314
Total liabilities at fair value 2,744 2,743
Level 2 | Corporate debt securities | Recurring basis    
Assets    
Investments 71 50
Level 2 | Common stocks | Recurring basis    
Assets    
Investments   2
Level 2 | Syndicated loans | Recurring basis    
Assets    
Investments 2,458 2,216
Level 3 | Recurring basis    
Assets    
Investments 89 119
Receivables 0 0
Other assets   0
Total assets at fair value 89 119
Liabilities    
Debt 0 0
Other liabilities 0 0
Total liabilities at fair value 0 0
Level 3 | Corporate debt securities | Recurring basis    
Assets    
Investments 0 0
Level 3 | Common stocks | Recurring basis    
Assets    
Investments   1
Level 3 | Syndicated loans | Recurring basis    
Assets    
Investments 89 118
CLOs    
Liabilities    
Debt $ 2,600 $ 2,400