The following table summarizes the carrying value of the Company’s debt issued or borrowed and outstanding as of the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Issuer | | Maturity | | Principal | | Carrying Value | | | | | | June 30, 2026 | | June 30, 2026 | | December 31, 2025 | 3.65% Senior Notes(2)(3) | Voya Financial, Inc. | | 06/15/2026 | | $ | — | | | $ | — | | | $ | 447 | | 5.0% Senior Notes(2)(3) | Voya Financial, Inc. | | 09/20/2034 | | 400 | | | 396 | | | 396 | | 6.012% Senior Notes(2)(3) | Voya Financial, Inc. | | 05/15/2035 | | 50 | | | 50 | | | — | | 5.05% Senior Notes(2)(3) | Voya Financial, Inc. | | 03/02/2036 | | 400 | | | 395 | | | — | | 5.7% Senior Notes(2)(3) | Voya Financial, Inc. | | 07/15/2043 | | 400 | | | 396 | | | 396 | | 4.8% Senior Notes(2)(3) | Voya Financial, Inc. | | 06/15/2046 | | 300 | | | 298 | | | 297 | | 4.7% Fixed-to-Floating Rate Junior Subordinated Notes(2)(3) | Voya Financial, Inc. | | 01/23/2048 | | 340 | | | 337 | | | 336 | | | | | | | | | | | | 7.625% Voya Holdings Inc. debentures(1) | Voya Holdings Inc. | | 08/15/2026 | | 139 | | | 139 | | | 139 | | 6.97% Voya Holdings Inc. debentures(1) | Voya Holdings Inc. | | 08/15/2036 | | 78 | | | 79 | | | 79 | | 8.424% Equitable of Iowa Companies Capital Trust II Notes | Equitable of Iowa Capital Trust II | | 04/01/2027 | | 13 | | | 13 | | | 13 | | 1.00% Windsor Property Loan | Voya Retirement Insurance and Annuity Company | | 06/14/2027 | | — | | | — | | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Subtotal | | | | | | | 2,103 | | | 2,104 | | | Less: Current portion of long-term debt | | | | | | | 153 | | | 586 | | | Total | | | | | | | $ | 1,950 | | | $ | 1,518 | |
(1) Guaranteed by ING Group. (2) Interest is paid semi-annually in arrears. (3) Guaranteed by Voya Holdings.
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