Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Long-Term Debt, Unclassified [Abstract]

Schedule of Long-Term Debt

Long-term debt is summarized as follows:

	December 31,
(In millions)	2023		2022
Subordinated notes	$	538	$	519
Senior notes	—		128
Finance lease obligations	4		4
Total	$	542	$	651

Schedule of Subordinated Notes

The following schedule presents our subordinated notes outstanding at December 31, 2023:

(Dollar amounts in millions)	Subordinated notes
Coupon rate	Balance		Par amount		Maturity
6.95%	$	88	$	88	September 2028
3.25%	450		500		October 2029
Total	$	538	$	588

Schedule of Maturities of Long-term Debt

The following schedule presents our long-term debt by maturity for each of the next five years:

(In millions)	Par amount 1
2024	$	—
2025	—
2026	—
2027	—
2028	88
Thereafter	500
Total	$	588

1 Does not include basis adjustments related to terminated or active fair value hedges.