v3.26.3
Securitizations and Variable Interest Entities (Tables)
9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities Total Exposure and Amortized Cost and Fair Value of Securities Available for Sale
The following table summarizes the carrying value and total exposure to losses of its assets related to unconsolidated VIEs with which the Company has continuing involvement, but is not the primary beneficiary at September 30, 2026 and December 31, 2025. Total exposure represents the estimated loss the Company would incur under severe, hypothetical circumstances, such as if the value of the interests in the securitization trusts and any associated collateral declined to zero. The Company believes the possibility of this is remote. As such, the total exposure presented below is not an indication of the Company's expected losses.

September 30, 2026December 31, 2025
Carrying ValueTotal ExposureCarrying ValueTotal Exposure
(in millions)
Rated notes$426 $426 $378 $378 
Certificates and other assets131 131 108 108 
Total unconsolidated VIEs$557 $557 $486 $486 
The amortized cost and fair value of securities available for sale as of September 30, 2026 and December 31, 2025 were as follows:
September 30, 2026December 31, 2025
Amortized CostFair ValueAmortized CostFair Value
(in millions)
Rated notes$429 $426 $376 $378 
Certificates and other assets131 131 116 108 
Total securities available for sale$560 $557 $492 $486