v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
On July 21, 2026, the parent company issued $1.0 billion of 5.463% senior fixed-to-floating rate notes with a maturity date of July 21, 2037 (the “2037 Fixed-to-Floating Senior Notes”). Interest is payable on the 2037 Fixed-to-Floating Senior Notes semi-annually in arrears at a fixed rate of 5.463% per annum, on January 21 and July 21 of each year, commencing on January 21, 2027. Beginning on July 21, 2036, interest is payable on the 2037 Fixed-to-Floating Senior Notes quarterly in arrears at a floating rate per annum equal to Compounded SOFR (determined with respect to each quarterly interest period using the SOFR Index as described in the Pricing Supplement), plus 1.267%, on October 21, 2036, January 21, 2037, April 21, 2037 and at the maturity date.

On July 21, 2026, the parent company issued $1.0 billion of 4.831% senior fixed-to-floating rate notes with a maturity date of July 19, 2030 (the “2030 Fixed-to-Floating Senior Notes”). Interest is payable on the 2030 Fixed-to-Floating Senior Notes semi-annually in arrears at a fixed rate of 4.831% per annum, on January 19 and July 19 of each year, commencing on January 19, 2027. Beginning on July 19, 2029, interest is payable on the 2030 Fixed-to-Floating Senior Notes quarterly in arrears at a floating rate per annum equal to Compounded SOFR (determined with respect to each quarter interest period using the SOFR Index as described in the Pricing Supplement), plus 0.798%, on October 19, 2029, January 19, 2030, April 19, 2030 and at the maturity date.
On July 23, 2026, the parent company redeemed all of the outstanding 5.102% senior fixed-to-floating notes due July 23, 2027 issued by the parent company in the amount of $1.0 billion. The redemption price was equal to 100% of the principal amount, plus any accrued and unpaid interest to the redemption date of July 23, 2026.