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Securities (Tables)
 3 Months Ended
Mar. 31, 2021
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 March 31, 2021 and December 31, 2020, and remaining maturities of debt securities available for sale at March 31, 2021.
TABLE 34: RECONCILIATION OF AMORTIZED COST TO FAIR VALUE OF DEBT SECURITIES AVAILABLE FOR SALE
MARCH 31, 2021
(In Millions)AMORTIZED COSTGROSS UNREALIZED GAINSGROSS UNREALIZED LOSSESFAIR VALUE
U.S. Government$2,521.1 $50.6 $10.7 $2,561.0 
Obligations of States and Political Subdivisions3,249.8 82.5 52.5 3,279.8 
Government Sponsored Agency24,535.5 275.4 160.2 24,650.7 
Non-U.S. Government564.3 0.1 6.3 558.1 
Corporate Debt2,336.3 65.2 2.8 2,398.7 
Covered Bonds535.8 8.3 — 544.1 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds2,968.8 54.0 19.4 3,003.4 
Other Asset-Backed4,749.5 38.0 4.5 4,783.0 
Commercial Mortgage-Backed1,047.5 53.6 1.3 1,099.8 
Total$42,508.6 $627.7 $257.7 $42,878.6 
DECEMBER 31, 2020
(In Millions)AMORTIZED COSTGROSS UNREALIZED GAINSGROSS UNREALIZED LOSSESFAIR 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 
Remaining Maturity of Securities Available for Sale and Held to Maturity
TABLE 35: REMAINING MATURITY OF DEBT SECURITIES AVAILABLE FOR SALE
MARCH 31, 2021ONE 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$99.9 $101.5 $1,874.1 $1,911.3 $547.1 $548.2 $— $— $2,521.1 $2,561.0 
Obligations of States and Political Subdivisions7.2 7.3 294.8 308.4 2,764.2 2,787.5 183.6 176.6 3,249.8 3,279.8 
Government Sponsored Agency4,859.6 4,913.7 8,260.4 8,330.3 8,833.7 8,816.8 2,581.8 2,589.9 24,535.5 24,650.7 
Non-U.S. Government269.6 269.6 40.5 40.5 254.2 248.0 — — 564.3 558.1 
Corporate Debt372.6 376.5 1,950.5 2,009.1 9.3 9.2 3.9 3.9 2,336.3 2,398.7 
Covered Bonds106.8 107.1 429.0 437.0 — — — — 535.8 544.1 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds534.4 537.5 2,001.7 2,043.0 432.7 422.9 — — 2,968.8 3,003.4 
Other Asset-Backed733.9 742.4 3,201.6 3,228.2 739.2 737.8 74.8 74.6 4,749.5 4,783.0 
Commercial Mortgage-Backed17.8 17.8 510.0 532.5 511.6 541.4 8.1 8.1 1,047.5 1,099.8 
Total$7,001.8 $7,073.4 $18,562.6 $18,840.3 $14,092.0 $14,111.8 $2,852.2 $2,853.1 $42,508.6 $42,878.6 
Note: Mortgage-backed and asset-backed securities are included in the above table taking into account anticipated future prepayments.
TABLE 38: REMAINING MATURITY OF DEBT SECURITIES HELD TO MATURITY
MARCH 31, 2021ONE 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$100.0 $100.0 $— $— $— $— $— $— $100.0 $100.0 
Obligations of States and Political Subdivisions1.0 1.0 — — — — — — 1.0 1.0 
Government Sponsored Agency2.0 2.0 8.0 8.0 9.2 9.2 34.4 33.8 53.6 53.0 
Non-U.S. Government6,049.0 6,049.1 490.3 496.1 — — — — 6,539.3 6,545.2 
Corporate Debt77.9 77.9 774.1 778.0 64.7 64.2 — — 916.7 920.1 
Covered Bonds1,294.1 1,300.2 1,431.9 1,445.1 320.8 319.7 — — 3,046.8 3,065.0 
Certificates of Deposit644.1 644.1 — — — — — — 644.1 644.1 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds1,206.4 1,212.0 2,334.3 2,358.2 1,131.9 1,112.2 — — 4,672.6 4,682.4 
Other Asset-Backed203.9 204.3 392.6 393.3 109.7 109.5 — — 706.2 707.1 
Other36.5 36.0 252.8 236.6 53.4 47.5 113.4 62.0 456.1 382.1 
Total$9,614.9 $9,626.6 $5,684.0 $5,715.3 $1,689.7 $1,662.3 $147.8 $95.8 $17,136.4 $17,100.0 
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 March 31, 2021 and December 31, 2020.
TABLE 36: DEBT SECURITIES AVAILABLE FOR SALE IN UNREALIZED LOSS POSITION WITH NO CREDIT LOSSES REPORTED
AS OF MARCH 31, 2021LESS THAN 12 MONTHS12 MONTHS OR LONGERTOTAL
(In Millions)FAIR
VALUE		UNREALIZED
LOSSES		FAIR
VALUE		UNREALIZED
LOSSES		FAIR
VALUE		UNREALIZED
LOSSES
U.S. Government$237.6 $10.7 $— $— $237.6 $10.7 
Obligations of States and Political Subdivisions1,456.8 52.5 — — 1,456.8 52.5 
Government Sponsored Agency5,915.6 148.5 2,096.4 11.7 8,012.0 160.2 
Non-U.S. Government 274.4 6.3 — — 274.4 6.3 
Corporate Debt272.6 2.8 — — 272.6 2.8 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds981.3 19.4 49.9 — 1,031.2 19.4 
Other Asset-Backed1,035.7 4.5 60.0 — 1,095.7 4.5 
Commercial Mortgage-Backed120.8 1.2 7.5 0.1 128.3 1.3 
Total$10,294.8 $245.9 $2,213.8 $11.8 $12,508.6 $257.7 
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. Government90.5 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 
Debt Securities, Held-to-maturity The following tables provide the amortized cost and fair values at March 31, 2021 and December 31, 2020, and remaining maturities of debt securities held to maturity at March 31, 2021.
TABLE 37: RECONCILIATION OF AMORTIZED COST TO FAIR VALUE OF DEBT SECURITIES HELD TO MATURITY
MARCH 31, 2021
(In Millions)AMORTIZED
COST		GROSS UNREALIZED GAINSGROSS UNREALIZED LOSSESFAIR
VALUE
U.S Government$100.0 $— $— $100.0 
Obligations of States and Political Subdivisions1.0 — — 1.0 
Government Sponsored Agency53.6 0.3 0.9 53.0 
Non-U.S. Government6,539.3 6.1 0.2 6,545.2 
Corporate Debt916.7 5.0 1.6 920.1 
Covered Bonds3,046.8 19.9 1.7 3,065.0 
Certificates of Deposit644.1 — — 644.1 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds4,672.6 33.1 23.3 4,682.4 
Other Asset-Backed706.2 1.2 0.3 707.1 
Other456.1 1.0 75.0 382.1 
Total$17,136.4 $66.6 $103.0 $17,100.0 
DECEMBER 31, 2020
(In Millions)AMORTIZED
COST		GROSS UNREALIZED GAINSGROSS 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 
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 39: AMORTIZED COST OF DEBT SECURITIES HELD TO MATURITY BY CREDIT RATING
AS OF MARCH 31, 2021
(In Millions)AAAAAABBBNOT RATEDTOTAL
U.S. Government$100.0 $— $— $— $— $100.0 
Obligations of States and Political Subdivisions— 1.0 — — — 1.0 
Government Sponsored Agency53.6 — — — — 53.6 
Non-U.S. Government301.0 205.1 5,760.4 272.8 — 6,539.3 
Corporate Debt75.1 396.0 445.6 — — 916.7 
Covered Bonds3,046.8 — — — — 3,046.8 
Certificates of Deposit— — — — 644.1 644.1 
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds3,301.2 1,339.8 31.6 — — 4,672.6 
Other Asset-Backed706.2 — — — — 706.2 
Other— — — — 456.1 456.1 
Total$7,583.9 $1,941.9 $6,237.6 $272.8 $1,100.2 $17,136.4 
Percent of Total44 %11 %36 %2 %7 %100 %
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 %