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Financing Agreements
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Financing Agreements Financing Agreements
Short-term and Long-term Debt

The following table summarizes the carrying value of the Company’s debt securities issued and outstanding as of September 30, 2020 and December 31, 2019:
MaturitySeptember 30, 2020December 31, 2019
3.125% Senior Notes, due 2024
07/15/2024397 397 
3.65% Senior Notes, due 2026
06/15/2026497 496 
5.7% Senior Notes, due 2043
07/15/2043395 395 
4.8% Senior Notes, due 2046
06/15/2046297 297 
4.7% Fixed-to-Floating Rate Junior Subordinated Notes, due 2048
01/23/2048345 345 
5.65% Fixed-to-Floating Rate Junior Subordinated Notes, due 2053
05/15/2053739 739 
7.25% Voya Holdings Inc. debentures, due 2023(1)
08/15/2023139 139 
7.63% Voya Holdings Inc. debentures, due 2026(1)
08/15/2026139 138 
6.97% Voya Holdings Inc. debentures, due 2036(1)
08/15/203679 79 
8.42% Equitable of Iowa Companies Capital Trust II Notes, due 2027
04/01/202713 14 
1.00% Windsor Property Loan
06/14/20274 4 
Subtotal3,044 3,043 
Less: Current portion of long-term debt1 1 
Total$3,043 $3,042 
(1) Guaranteed by ING Group.

As of September 30, 2020, the Company was in compliance with its debt covenants.

Aetna Notes

As of September 30, 2020, the outstanding principal amount of the Aetna Notes was $358, which is guaranteed by ING Group. As of September 30, 2020, the Company provided $373 of collateral benefiting ING Group, comprised of a deposit of $210 to a control account with a third-party collateral agent and $163 of letter of credit. The collateral may be exchanged at any time upon the posting of any other form of acceptable collateral to the account.

Senior Unsecured Credit Facility Agreement

As of September 30, 2020, the Company had a $500 senior unsecured credit facility with a syndicate of banks which expires November 1, 2024. The facility provides $500 of committed capacity for issuing letters of credit and the full $500 may be utilized for direct borrowings. As of September 30, 2020, there were no amounts outstanding as revolving credit borrowings and no amounts of LOCs outstanding under the senior unsecured credit facility. Under the terms of the facility, the Company is required to maintain a minimum net worth of $6.15 billion, which may increase upon any future equity issuances by the Company.