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Securities (Tables)
 6 Months Ended
Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Reconciliation of Amortized Cost to Fair Value of Securities Available for Sale The following tables provide the amortized cost and fair values at June 30, 2020 and December 31, 2019, and remaining maturities of debt securities available for sale at June 30, 2020.
TABLE 38: RECONCILIATION OF AMORTIZED COST TO FAIR VALUE OF DEBT SECURITIES AVAILABLE FOR SALE
JUNE 30, 2020
(In Millions)AMORTIZED COSTGROSS UNREALIZED GAINSGROSS UNREALIZED LOSSESFAIR VALUE
U.S. Government$4,089.0  $87.4  $—  $4,176.4  
Obligations of States and Political Subdivisions1,927.6  98.7  0.4  2,025.9  
Government Sponsored Agency22,965.8  461.5  21.9  23,405.4  
Non-U.S. Government744.6  0.1  —  744.7  
Corporate Debt2,515.9  77.6  2.7  2,590.8  
Covered Bonds605.9  6.4  0.3  612.0  
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds2,192.2  65.8  0.3  2,257.7  
Other Asset-Backed3,169.7  37.3  24.4  3,182.6  
Commercial Mortgage-Backed906.0  61.1  1.7  965.4  
Other8.0  —  —  8.0  
Total$39,124.7  $895.9  $51.7  $39,968.9  
DECEMBER 31, 2019
(In Millions)AMORTIZED COSTGROSS UNREALIZED GAINSGROSS UNREALIZED LOSSESFAIR VALUE
U.S. Government$4,527.5  $26.7  $5.1  $4,549.1  
Obligations of States and Political Subdivisions1,604.0  24.6  13.3  1,615.3  
Government Sponsored Agency23,247.5  101.8  78.1  23,271.2  
Non-U.S. Government3.3  —  —  3.3  
Corporate Debt2,378.9  27.8  4.0  2,402.7  
Covered Bonds766.3  4.4  0.8  769.9  
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds2,091.3  37.4  1.1  2,127.6  
Other Asset-Backed3,324.5  11.3  5.3  3,330.5  
Commercial Mortgage-Backed769.9  28.7  0.9  797.7  
Other9.0  —  —  9.0  
Total$38,722.2  $262.7  $108.6  $38,876.3  
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value The following table provides information regarding debt securities available for sale with no credit losses reported that had been in a continuous unrealized loss position for less than twelve months and for twelve months or longer as of June 30, 2020 and December 31, 2019.
TABLE 40: DEBT SECURITIES AVAILABLE FOR SALE IN UNREALIZED LOSS POSITION WITH NO CREDIT LOSSES REPORTED
AS OF JUNE 30, 2020LESS THAN 12 MONTHS12 MONTHS OR LONGERTOTAL
(In Millions)FAIR
VALUE		UNREALIZED
LOSSES		FAIR
VALUE		UNREALIZED
LOSSES		FAIR
VALUE		UNREALIZED
LOSSES
Obligations of States and Political Subdivisions$115.6  $0.4  $—  $—  $115.6  $0.4  
Government Sponsored Agency1,435.4  6.5  3,200.6  15.4  4,636.0  21.9  
Corporate Debt144.4  1.5  89.5  1.2  233.9  2.7  
Covered Bonds88.1  0.3  —  —  88.1  0.3  
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds130.9  0.1  159.2  0.2  290.1  0.3  
Other Asset-Backed273.8  4.1  834.6  20.3  1,108.4  24.4  
Commercial Mortgage-Backed97.2  1.7  —  —  97.2  1.7  
Total$2,285.4  $14.6  $4,283.9  $37.1  $6,569.3  $51.7  
AS OF DECEMBER 31, 2019LESS THAN 12 MONTHS12 MONTHS OR LONGERTOTAL
(In Millions)FAIR
VALUE		UNREALIZED
LOSSES		FAIR
VALUE		UNREALIZED
LOSSES		FAIR
VALUE		UNREALIZED
LOSSES
U.S. Government$252.2  $2.8  $899.7  $2.3  $1,151.9  $5.1  
Obligations of States and Political Subdivisions902.4  13.3  —  —  902.4  13.3  
Government Sponsored Agency5,405.0  35.6  7,818.4  42.5  13,223.4  78.1  
Corporate Debt279.3  1.1  492.7  2.9  772.0  4.0  
Covered Bonds138.7  0.7  25.0  0.1  163.7  0.8  
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds217.5  1.0  155.2  0.1  372.7  1.1  
Other Asset-Backed592.4  1.8  1,164.9  3.5  1,757.3  5.3  
Commercial Mortgage-Backed62.8  0.7  59.3  0.2  122.1  0.9  
Total$7,850.3  $57.0  $10,615.2  $51.6  $18,465.5  $108.6  
Debt Securities, Held-to-maturity The following tables provide the amortized cost and fair values at June 30, 2020 and December 31, 2019, and remaining maturities of debt securities held to maturity at June 30, 2020.
TABLE 41: RECONCILIATION OF AMORTIZED COST TO FAIR VALUE OF DEBT SECURITIES HELD TO MATURITY
JUNE 30, 2020
(In Millions)AMORTIZED
COST		GROSS
UNREALIZED
GAINS		GROSS
UNREALIZED
LOSSES		FAIR
VALUE
U.S Government$98.0  $—  $—  $98.0  
Obligations of States and Political Subdivisions7.0  0.1  —  7.1  
Government Sponsored Agency3.6  0.3  —  3.9  
Non-U.S. Government6,134.6  8.8  0.2  6,143.2  
Corporate Debt509.6  4.9  1.0  513.5  
Covered Bonds3,198.0  21.6  2.0  3,217.6  
Certificates of Deposit1,176.3  —  0.1  1,176.2  
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds2,999.3  44.3  0.5  3,043.1  
Other Asset-Backed696.2  0.2  2.6  693.8  
Other419.3  —  92.3  327.0  
Total$15,241.9  $80.2  $98.7  $15,223.4  
DECEMBER 31, 2019
(In Millions)AMORTIZED
COST		GROSS
UNREALIZED
GAINS		GROSS
UNREALIZED
LOSSES		FAIR
VALUE
U.S. Government$138.8  $—  $—  $138.8  
Obligations of States and Political Subdivisions10.1  0.2  —  10.3  
Government Sponsored Agency4.1  0.2  —  4.3  
Non-U.S. Government4,076.0  5.3  2.5  4,078.8  
Corporate Debt405.1  1.4  0.3  406.2  
Covered Bonds3,006.7  16.1  2.4  3,020.4  
Certificates of Deposit262.9  —  —  262.9  
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds3,285.4  21.7  2.1  3,305.0  
Other Asset-Backed804.3  0.7  0.3  804.7  
Other291.1  0.1  73.3  217.9  
Total$12,284.5  $45.7  $80.9  $12,249.3  
Remaining Maturity of Securities Available for Sale and Held to Maturity
TABLE 39: REMAINING MATURITY OF DEBT SECURITIES AVAILABLE FOR SALE
JUNE 30, 2020ONE YEAR OR LESSONE TO FIVE YEARSFIVE TO TEN YEARSOVER TEN YEARSTOTAL
(In Millions)Amortized CostFair ValueAmortized CostFair ValueAmortized CostFair ValueAmortized CostFair ValueAmortized CostFair Value
U.S. Government$1,804.3  $1,811.7  $1,732.4  $1,768.5  $552.3  $596.2  $—  $—  $4,089.0  $4,176.4  
Obligations of States and Political Subdivisions21.3  21.3  143.3  150.7  1,763.0  1,853.9  —  —  1,927.6  2,025.9  
Government Sponsored Agency5,798.0  5,888.8  9,595.9  9,766.5  5,357.1  5,474.3  2,214.8  2,275.8  22,965.8  23,405.4  
Non-U.S. Government742.5  742.6  2.1  2.1  —  —  —  —  744.6  744.7  
Corporate Debt447.6  451.3  2,049.9  2,121.1  18.4  18.4  —  —  2,515.9  2,590.8  
Covered Bonds114.9  115.1  491.0  496.9  —  —  —  —  605.9  612.0  
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds383.0  383.4  1,809.2  1,874.3  —  —  —  —  2,192.2  2,257.7  
Other Asset-Backed405.8  409.2  2,211.5  2,229.2  490.8  482.6  61.6  61.6  3,169.7  3,182.6  
Commercial Mortgage-Backed17.0  17.0  307.6  324.0  570.7  613.1  10.7  11.3  906.0  965.4  
Other8.0  8.0  —  —  —  —  —  —  8.0  8.0  
Total$9,742.4  $9,848.4  $18,342.9  $18,733.3  $8,752.3  $9,038.5  $2,287.1  $2,348.7  $39,124.7  $39,968.9  
Note: Mortgage-backed and asset-backed securities are included in the above table taking into account anticipated future prepayments.
TABLE 42: REMAINING MATURITY OF DEBT SECURITIES HELD TO MATURITY
JUNE 30, 2020ONE YEAR OR LESSONE TO FIVE YEARSFIVE TO TEN YEARSOVER TEN YEARSTOTAL
(In Millions)Amortized CostFair ValueAmortized CostFair ValueAmortized CostFair ValueAmortized CostFair ValueAmortized CostFair Value
U.S. Government$98.0  $98.0  $—  $—  $—  $—  $—  $—  $98.0  $98.0  
Obligations of States and Political Subdivisions6.0  6.1  1.0  1.0  —  —  —  —  7.0  7.1  
Government Sponsored Agency0.5  0.6  1.6  1.7  1.0  1.1  0.5  0.5  3.6  3.9  
Non-U.S. Government5,887.1  5,889.9  247.5  253.3  —  —  —  —  6,134.6  6,143.2  
Corporate Debt155.0  155.1  354.6  358.4  —  —  —  —  509.6  513.5  
Covered Bonds1,023.2  1,027.8  2,174.8  2,189.8  —  —  —  —  3,198.0  3,217.6  
Certificates of Deposit1,176.3  1,176.2  —  —  —  —  —  —  1,176.3  1,176.2  
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds549.9  553.2  2,408.5  2,449.2  40.9  40.7  —  —  2,999.3  3,043.1  
Other Asset-Backed214.3  214.1  454.7  452.5  27.2  27.2  —  —  696.2  693.8  
Other17.7  17.2  241.6  214.7  49.1  40.9  110.9  54.2  419.3  327.0  
Total$9,128.0  $9,138.2  $5,884.3  $5,920.6  $118.2  $109.9  $111.4  $54.7  $15,241.9  $15,223.4  
Note: Mortgage-backed and asset-backed securities are included in the above table taking into account anticipated future prepayments
Debt Securities, Held-to-maturity, Credit Quality Indicator The following table provides the amortized cost of debt securities held to maturity by credit rating.
TABLE 43: AMORTIZED COST OF DEBT SECURITIES HELD TO MATURITY BY CREDIT RATING
AS OF JUNE 30, 2020
(In Millions)AAAAAABBBNOT RATEDTOTAL
U.S. Government$98.0  $—  $—  $—  $—  $98.0  
Obligations of States and Political Subdivisions—  0.5  5.2  1.3  —  7.0  
Government Sponsored Agency3.6  —  —  —  —  3.6  
Non-U.S. Government891.7  1,217.0  3,981.2  44.7  —  6,134.6  
Corporate Debt3.5  242.2  263.9  —  —  509.6  
Covered Bonds3,198.0  —  —  —  —  3,198.0  
Certificates of Deposit—  —  —  —  1,176.3  1,176.3  
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds2,139.1  860.2  —  —  —  2,999.3  
Other Asset-Backed696.2  —  —  —  —  696.2  
Other—  —  —  —  419.3  419.3  
Total$7,030.1  $2,319.9  $4,250.3  $46.0  $1,595.6  $15,241.9  
Schedule of Realized Gain (Loss)
TABLE 44: INVESTMENT SECURITY GAINS AND LOSSES
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
(In Millions)2020201920202019
Gross Realized Debt Securities Gains$2.7  $0.1  $3.4  $1.4  
Gross Realized Debt Securities Losses(2.6) (0.2) (3.3) (1.7) 
Changes in Other-Than-Temporary Impairment Losses(1)
—  (0.2) —  (0.2) 
Net Investment Security (Losses) Gains$0.1  $(0.3) $0.1  $(0.5)