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Securities (Tables)
 12 Months Ended
Dec. 31, 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, fair values, and remaining maturities of debt securities available for sale.
TABLE 60: RECONCILIATION OF AMORTIZED COST TO FAIR VALUE OF DEBT SECURITIES AVAILABLE FOR SALE
DECEMBER 31, 2020
(In Millions)AMORTIZED
COST		GROSS
UNREALIZED
GAINS		GROSS
UNREALIZED
LOSSES		FAIR
VALUE
U.S. Government$2,728.8 $71.1 $— $2,799.9 
Obligations of States and Political Subdivisions2,927.8 155.9 0.1 3,083.6 
Government Sponsored Agency24,595.1 388.5 26.9 24,956.7 
Non-U.S. Government713.6 1.1 0.7 714.0 
Corporate Debt2,459.9 79.8 0.1 2,539.6 
Covered Bonds543.1 10.0 — 553.1 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds2,281.7 64.7 0.6 2,345.8 
Other Asset-Backed3,953.5 46.8 2.8 3,997.5 
Commercial Mortgage-Backed952.2 79.7 0.1 1,031.8 
Total$41,155.7 $897.6 $31.3 $42,022.0 
DECEMBER 31, 2019
(In Millions)AMORTIZED
COST		GROSS
UNREALIZED
GAINS		GROSS
UNREALIZED
LOSSES		FAIR
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 
Remaining Maturity of Securities
DECEMBER 31, 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$300.9 $303.2 $1,732.8 $1,767.0 $695.1 $729.7 $— $— $2,728.8 $2,799.9 
Obligations of States and Political Subdivisions7.9 8.0 252.1 266.8 2,578.4 2,718.4 89.4 90.4 2,927.8 3,083.6 
Government Sponsored Agency5,540.0 5,613.6 8,942.2 9,063.0 7,682.1 7,793.6 2,430.8 2,486.5 24,595.1 24,956.7 
Non-U.S. Government414.3 414.6 40.6 40.8 258.7 258.6 — — 713.6 714.0 
Corporate Debt443.5 448.6 2,016.4 2,091.0 — — — — 2,459.9 2,539.6 
Covered Bonds108.2 108.6 434.9 444.5 — — — — 543.1 553.1 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds163.9 164.1 1,960.8 2,024.0 157.0 157.7 — — 2,281.7 2,345.8 
Other Asset-Backed517.4 525.9 2,903.1 2,937.8 436.0 436.8 97.0 97.0 3,953.5 3,997.5 
Commercial Mortgage-Backed12.0 12.1 413.5 441.2 526.7 578.5 — — 952.2 1,031.8 
Total$7,508.1 $7,598.7 $18,696.4 $19,076.1 $12,334.0 $12,673.3 $2,617.2 $2,673.9 $41,155.7 $42,022.0 
Note: Mortgage-backed and asset-backed securities are included in the above table taking into account anticipated future prepayments.
DECEMBER 31, 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$90.0 $90.0 $— $— $— $— $— $— $90.0 $90.0 
Obligations of States and Political Subdivisions1.4 1.4 0.7 0.8 — — — — 2.1 2.2 
Government Sponsored Agency0.5 0.5 1.3 1.4 0.8 0.9 0.4 0.5 3.0 3.3 
Non-U.S. Government8,065.4 8,065.5 271.2 278.2 — — — — 8,336.6 8,343.7 
Corporate Debt126.2 126.3 461.8 468.1 — — — — 588.0 594.4 
Covered Bonds1,283.7 1,289.5 1,836.3 1,854.7 64.6 64.7 — — 3,184.6 3,208.9 
Certificates of Deposit807.2 807.2 — — — — — — 807.2 807.2 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds943.2 947.2 2,354.8 2,393.4 350.0 350.0 — — 3,648.0 3,690.6 
Other Asset-Backed239.4 239.7 433.4 433.9 4.2 4.3 — — 677.0 677.9 
Other36.6 36.0 247.7 230.3 53.7 48.2 116.6 64.7 454.6 379.2 
Total$11,593.6 $11,603.3 $5,607.2 $5,660.8 $473.3 $468.1 $117.0 $65.2 $17,791.1 $17,797.4 
Note: Mortgage-backed and asset-backed securities are included in the above table taking into account anticipated future prepayments.
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 December 31, 2020 and 2019.
TABLE 62: DEBT SECURITIES AVAILABLE FOR SALE IN UNREALIZED LOSS POSITION WITH NO CREDIT LOSSES REPORTED
AS OF DECEMBER 31, 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$52.3 $0.1 $— $— $52.3 $0.1 
Government Sponsored Agency2,402.3 13.6 2,528.7 13.3 4,931.0 26.9 
Non-U.S. Government 90.5 0.7 — — 90.5 0.7 
Corporate Debt66.6 0.1 — — 66.6 0.1 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds162.8 0.5 49.9 0.1 212.7 0.6 
Other Asset-Backed176.8 0.2 792.3 2.6 969.1 2.8 
Commercial Mortgage-Backed44.4 0.1 — — 44.4 0.1 
Total$2,995.7 $15.3 $3,370.9 $16.0 $6,366.6 $31.3 
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 
Reconciliation of Amortized Cost to Fair Values of Securities Held to Maturity The following tables provide the amortized cost, fair values and remaining maturities of debt securities held to maturity.
TABLE 63: RECONCILIATION OF AMORTIZED COST TO FAIR VALUES OF DEBT SECURITIES HELD TO MATURITY
DECEMBER 31, 2020
(In Millions)AMORTIZED
COST		GROSS
UNREALIZED
GAINS		GROSS
UNREALIZED
LOSSES		FAIR
VALUE
U.S. Government$90.0 $— $— $90.0 
Obligations of States and Political Subdivisions2.1 0.1 — 2.2 
Government Sponsored Agency3.0 0.3 — 3.3 
Non-U.S. Government8,336.6 7.3 0.2 8,343.7 
Corporate Debt588.0 6.5 0.1 594.4 
Covered Bonds3,184.6 24.6 0.3 3,208.9 
Certificates of Deposit807.2 — — 807.2 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds3,648.0 43.5 0.9 3,690.6 
Other Asset-Backed677.0 0.9 — 677.9 
Other454.6 1.1 76.5 379.2 
Total$17,791.1 $84.3 $78.0 $17,797.4 
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 
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 65: AMORTIZED COST OF DEBT SECURITIES HELD TO MATURITY BY CREDIT RATING
AS OF DECEMBER 31, 2020
(In Millions)AAAAAABBBNOT RATEDTOTAL
U.S. Government$90.0 $— $— $— $— $90.0 
Obligations of States and Political Subdivisions— 1.0 — 1.1 — 2.1 
Government Sponsored Agency3.0 — — — — 3.0 
Non-U.S. Government319.8 1,337.4 6,630.6 48.8 — 8,336.6 
Corporate Debt3.8 279.1 305.1 — — 588.0 
Covered Bonds3,184.6 — — — — 3,184.6 
Certificates of Deposit— — — — 807.2 807.2 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds2,590.9 1,057.1 — — — 3,648.0 
Other Asset-Backed677.0 — — — — 677.0 
Other— — — — 454.6 454.6 
Total$6,869.1 $2,674.6 $6,935.7 $49.9 $1,261.8 $17,791.1 
Percent of Total39 %15 %39 %— %7 %100 %
Schedule of Realized Gain (Loss)
TABLE 66: INVESTMENT SECURITY GAINS AND LOSSES
DECEMBER 31,
(In Millions)202020192018
Gross Realized Debt Securities Gains$3.4 $2.4 $1.5 
Gross Realized Debt Securities Losses(3.8)(3.5)(2.0)
Changes in Other-Than-Temporary Impairment Losses(1)
— (0.3)(0.5)
Net Investment Security (Losses) Gains$(0.4)$(1.4)$(1.0)
(1) Other-than-temporary impairment losses relate to certain Community Reinvestment Act (CRA) eligible held to maturity debt securities.