v3.26.3
Notes Payable
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Notes Payable Notes Payable
The components of notes payable are summarized as follows (in millions):
September 30, 2026December 31, 2025
PrincipalNet unamortized discount, premium, and debt issuance costsCarrying AmountPrincipalNet unamortized discount, premium, and debt issuance costsCarrying Amount
Revolving Credit Facility - Short Term$— $— $— $— $— $— 
FNF Credit Facility - Short Term— — — — — — 
7.40% F&G Senior Notes, due 2028
500 (2)498 500 (2)498 
6.50% F&G Senior Notes, due 2029
550 (3)547 550 (4)546 
6.250% F&G Senior Notes, due 2034
500 (6)494 500 (7)493 
7.95% F&G Senior Notes, due 2053
345 (8)337 345 (9)336 
7.300% F&G Junior Notes, due 2065
375 (11)364 375 (11)364 
Total$2,270 $(30)$2,240 $2,270 $(33)$2,237 

Revolving Credit Facility - F&G has a Revolving Credit Facility pursuant to the unsecured revolving credit agreement (the "Credit Agreement") with Bank of America, N.A., as administrative agent, the lenders and guarantors party thereto and the other parties thereto. No amounts were outstanding under the Revolving Credit Facility as of September 30, 2026 or December 31, 2025, and total borrowing availability was $750 million as of September 30, 2026. The Credit Agreement matures on November 22, 2027.

FNF Credit Facility - F&G has a revolving note agreement with FNF for up to $200 million capacity (the “FNF Credit Facility”) to be used for working capital and other general corporate purposes. No amounts were outstanding under this revolving note agreement as of September 30, 2026 or December 31, 2025. This facility matures the earlier of October 29, 2030, or when the Revolving Credit Facility described above is terminated.

Covenants - The Credit Agreement and the indentures governing the 7.40% F&G Senior Notes, 6.50% F&G Senior Notes, 6.250% F&G Senior Notes, 7.95% F&G Senior Notes, and the 7.300% F&G Junior Notes impose certain operating and financial restrictions on F&G. The Credit Agreement imposes certain financial covenants on F&G, and as of September 30, 2026, we were in compliance with all covenants.

Interest Expense - Amortization of deferred issuance costs and purchase premiums are recognized as a component of interest expense. Interest expense on notes payable for the three and nine months ended September 30, 2026 and 2025 was as follows (in millions):
Three months ended September 30,Nine months ended September 30,
2026202520262025
Revolving Credit Facility - Short-term$1 $— $2 $1 
7.40% F&G Senior Notes, due 2028
10 10 29 29 
6.50% F&G Senior Notes, due 2029
9 10 27 28 
6.250% F&G Senior Notes, due 2034
8 8 24 24 
7.95% F&G Senior Notes, due 2053
7 7 21 21 
7.300% F&G Junior Notes, due 2065
7 7 21 20 
Total$42 $42 $124 $123