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FinCL-eval

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<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(for the year ended December 31, in millions)</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>U.S.</td><td></td><td>$</td><td>43,924 </td><td></td><td></td><td>$</td><td>39,086</td><td></td><td></td><td>$</td><td>34,822</td><td></td></tr><tr><td>Non-U.S.:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Canada</td><td></td><td>1,359 </td><td></td><td></td><td>1,281</td><td></td><td></td><td>1,300</td><td></td></tr><tr><td>Other Non-U.S.</td><td></td><td>1,140 </td><td></td><td></td><td>997</td><td></td><td></td><td>762</td><td></td></tr><tr><td>Total Non-U.S.</td><td></td><td>2,499 </td><td></td><td></td><td>2,278</td><td></td><td></td><td>2,062</td><td></td></tr><tr><td>Total revenues</td><td></td><td>$</td><td>46,423 </td><td></td><td></td><td>$</td><td>41,364</td><td></td><td></td><td>$</td><td>36,884</td><td></td></tr></table>
table
36884
monetaryItemType
table: <entity> 36884 </entity> <entity type> monetaryItemType </entity type> <context> Total revenues | $ | 46,423 | $ | 41,364 | $ | 36,884 </context>
us-gaap:Revenues
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
5735
monetaryItemType
table: <entity> 5735 </entity> <entity type> monetaryItemType </entity type> <context> U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities | $ | 5,735 | $ | — | $ | 4 | $ | 169 | $ | 5,570 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
—
monetaryItemType
table: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities | $ | 5,735 | $ | — | $ | 4 | $ | 169 | $ | 5,570 </context>
us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
4
monetaryItemType
table: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities | $ | 5,735 | $ | — | $ | 4 | $ | 169 | $ | 5,570 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
169
monetaryItemType
table: <entity> 169 </entity> <entity type> monetaryItemType </entity type> <context> U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities | $ | 5,735 | $ | — | $ | 4 | $ | 169 | $ | 5,570 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
5570
monetaryItemType
table: <entity> 5570 </entity> <entity type> monetaryItemType </entity type> <context> U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities | $ | 5,735 | $ | — | $ | 4 | $ | 169 | $ | 5,570 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
18604
monetaryItemType
table: <entity> 18604 </entity> <entity type> monetaryItemType </entity type> <context> Local general obligation | 18,604 | — | 23 | 1,604 | 17,023 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
23
monetaryItemType
table: <entity> 23 </entity> <entity type> monetaryItemType </entity type> <context> Local general obligation | 18,604 | — | 23 | 1,604 | 17,023 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
1604
monetaryItemType
table: <entity> 1604 </entity> <entity type> monetaryItemType </entity type> <context> Local general obligation | 18,604 | — | 23 | 1,604 | 17,023 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
17023
monetaryItemType
table: <entity> 17023 </entity> <entity type> monetaryItemType </entity type> <context> Local general obligation | 18,604 | — | 23 | 1,604 | 17,023 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
9268
monetaryItemType
table: <entity> 9268 </entity> <entity type> monetaryItemType </entity type> <context> Revenue | 9,268 | — | 16 | 704 | 8,580 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
16
monetaryItemType
table: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> Revenue | 9,268 | — | 16 | 704 | 8,580 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
704
monetaryItemType
table: <entity> 704 </entity> <entity type> monetaryItemType </entity type> <context> Revenue | 9,268 | — | 16 | 704 | 8,580 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
8580
monetaryItemType
table: <entity> 8580 </entity> <entity type> monetaryItemType </entity type> <context> Revenue | 9,268 | — | 16 | 704 | 8,580 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
1081
monetaryItemType
table: <entity> 1081 </entity> <entity type> monetaryItemType </entity type> <context> State general obligation | 1,081 | — | 2 | 73 | 1,010 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
2
monetaryItemType
table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> State general obligation | 1,081 | — | 2 | 73 | 1,010 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
73
monetaryItemType
table: <entity> 73 </entity> <entity type> monetaryItemType </entity type> <context> State general obligation | 1,081 | — | 2 | 73 | 1,010 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
1010
monetaryItemType
table: <entity> 1010 </entity> <entity type> monetaryItemType </entity type> <context> State general obligation | 1,081 | — | 2 | 73 | 1,010 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
573
monetaryItemType
table: <entity> 573 </entity> <entity type> monetaryItemType </entity type> <context> Pre-refunded | 573 | — | 2 | 3 | 572 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
3
monetaryItemType
table: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Pre-refunded | 573 | — | 2 | 3 | 572 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
572
monetaryItemType
table: <entity> 572 </entity> <entity type> monetaryItemType </entity type> <context> Pre-refunded | 573 | — | 2 | 3 | 572 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
29526
monetaryItemType
table: <entity> 29526 </entity> <entity type> monetaryItemType </entity type> <context> Total obligations of U.S. states, municipalities and political subdivisions | 29,526 | — | 43 | 2,384 | 27,185 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
43
monetaryItemType
table: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> Total obligations of U.S. states, municipalities and political subdivisions | 29,526 | — | 43 | 2,384 | 27,185 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
2384
monetaryItemType
table: <entity> 2384 </entity> <entity type> monetaryItemType </entity type> <context> Total obligations of U.S. states, municipalities and political subdivisions | 29,526 | — | 43 | 2,384 | 27,185 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
27185
monetaryItemType
table: <entity> 27185 </entity> <entity type> monetaryItemType </entity type> <context> Total obligations of U.S. states, municipalities and political subdivisions | 29,526 | — | 43 | 2,384 | 27,185 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
917
monetaryItemType
table: <entity> 917 </entity> <entity type> monetaryItemType </entity type> <context> Debt securities issued by foreign governments | 917 | — | 5 | 13 | 909 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
5
monetaryItemType
table: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Debt securities issued by foreign governments | 917 | — | 5 | 13 | 909 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
13
monetaryItemType
table: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> Debt securities issued by foreign governments | 917 | — | 5 | 13 | 909 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
909
monetaryItemType
table: <entity> 909 </entity> <entity type> monetaryItemType </entity type> <context> Debt securities issued by foreign governments | 917 | — | 5 | 13 | 909 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
12888
monetaryItemType
table: <entity> 12888 </entity> <entity type> monetaryItemType </entity type> <context> Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities | 12,888 | — | 53 | 336 | 12,605 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
53
monetaryItemType
table: <entity> 53 </entity> <entity type> monetaryItemType </entity type> <context> Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities | 12,888 | — | 53 | 336 | 12,605 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
336
monetaryItemType
table: <entity> 336 </entity> <entity type> monetaryItemType </entity type> <context> Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities | 12,888 | — | 53 | 336 | 12,605 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
12605
monetaryItemType
table: <entity> 12605 </entity> <entity type> monetaryItemType </entity type> <context> Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities | 12,888 | — | 53 | 336 | 12,605 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
39211
monetaryItemType
table: <entity> 39211 </entity> <entity type> monetaryItemType </entity type> <context> Corporate and all other bonds | 39,211 | 2 | 118 | 1,930 | 37,397 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
2
monetaryItemType
table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> State general obligation | 1,081 | — | 2 | 73 | 1,010 </context>
us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
118
monetaryItemType
table: <entity> 118 </entity> <entity type> monetaryItemType </entity type> <context> Corporate and all other bonds | 39,211 | 2 | 118 | 1,930 | 37,397 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
1930
monetaryItemType
table: <entity> 1930 </entity> <entity type> monetaryItemType </entity type> <context> Corporate and all other bonds | 39,211 | 2 | 118 | 1,930 | 37,397 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
37397
monetaryItemType
table: <entity> 37397 </entity> <entity type> monetaryItemType </entity type> <context> Corporate and all other bonds | 39,211 | 2 | 118 | 1,930 | 37,397 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
88277
monetaryItemType
table: <entity> 88277 </entity> <entity type> monetaryItemType </entity type> <context> Total | $ | 88,277 | $ | 2 | $ | 223 | $ | 4,832 | $ | 83,666 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
223
monetaryItemType
table: <entity> 223 </entity> <entity type> monetaryItemType </entity type> <context> Total | $ | 88,277 | $ | 2 | $ | 223 | $ | 4,832 | $ | 83,666 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
4832
monetaryItemType
table: <entity> 4832 </entity> <entity type> monetaryItemType </entity type> <context> Total | $ | 88,277 | $ | 2 | $ | 223 | $ | 4,832 | $ | 83,666 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>5,735 </td><td></td><td></td><td>$</td><td>— </td><td></td><td></td><td>$</td><td>4 </td><td></td><td></td><td>$</td><td>169 </td><td></td><td></td><td>$</td><td>5,570 </td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,604 </td><td></td><td></td><td>— </td><td></td><td></td><td>23 </td><td></td><td></td><td>1,604 </td><td></td><td></td><td>17,023 </td><td></td></tr><tr><td>Revenue</td><td></td><td>9,268 </td><td></td><td></td><td>— </td><td></td><td></td><td>16 </td><td></td><td></td><td>704 </td><td></td><td></td><td>8,580 </td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,081 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>73 </td><td></td><td></td><td>1,010 </td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>573 </td><td></td><td></td><td>— </td><td></td><td></td><td>2 </td><td></td><td></td><td>3 </td><td></td><td></td><td>572 </td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>29,526 </td><td></td><td></td><td>— </td><td></td><td></td><td>43 </td><td></td><td></td><td>2,384 </td><td></td><td></td><td>27,185 </td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>917 </td><td></td><td></td><td>— </td><td></td><td></td><td>5 </td><td></td><td></td><td>13 </td><td></td><td></td><td>909 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>— </td><td></td><td></td><td>53 </td><td></td><td></td><td>336 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>39,211 </td><td></td><td></td><td>2 </td><td></td><td></td><td>118 </td><td></td><td></td><td>1,930 </td><td></td><td></td><td>37,397 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>2 </td><td></td><td></td><td>$</td><td>223 </td><td></td><td></td><td>$</td><td>4,832 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
83666
monetaryItemType
table: <entity> 83666 </entity> <entity type> monetaryItemType </entity type> <context> Total | $ | 88,277 | $ | 2 | $ | 223 | $ | 4,832 | $ | 83,666 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
6591
monetaryItemType
table: <entity> 6591 </entity> <entity type> monetaryItemType </entity type> <context> U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities | $ | 6,591 | $ | — | $ | 8 | $ | 231 | $ | 6,368 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
—
monetaryItemType
table: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities | $ | 6,591 | $ | — | $ | 8 | $ | 231 | $ | 6,368 </context>
us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
8
monetaryItemType
table: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities | $ | 6,591 | $ | — | $ | 8 | $ | 231 | $ | 6,368 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
231
monetaryItemType
table: <entity> 231 </entity> <entity type> monetaryItemType </entity type> <context> U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities | $ | 6,591 | $ | — | $ | 8 | $ | 231 | $ | 6,368 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
6368
monetaryItemType
table: <entity> 6368 </entity> <entity type> monetaryItemType </entity type> <context> U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities | $ | 6,591 | $ | — | $ | 8 | $ | 231 | $ | 6,368 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
18374
monetaryItemType
table: <entity> 18374 </entity> <entity type> monetaryItemType </entity type> <context> Local general obligation | 18,374 | — | 90 | 1,265 | 17,199 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
90
monetaryItemType
table: <entity> 90 </entity> <entity type> monetaryItemType </entity type> <context> Local general obligation | 18,374 | — | 90 | 1,265 | 17,199 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
1265
monetaryItemType
table: <entity> 1265 </entity> <entity type> monetaryItemType </entity type> <context> Local general obligation | 18,374 | — | 90 | 1,265 | 17,199 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
17199
monetaryItemType
table: <entity> 17199 </entity> <entity type> monetaryItemType </entity type> <context> Local general obligation | 18,374 | — | 90 | 1,265 | 17,199 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
9748
monetaryItemType
table: <entity> 9748 </entity> <entity type> monetaryItemType </entity type> <context> Revenue | 9,748 | — | 52 | 616 | 9,184 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
52
monetaryItemType
table: <entity> 52 </entity> <entity type> monetaryItemType </entity type> <context> Revenue | 9,748 | — | 52 | 616 | 9,184 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
616
monetaryItemType
table: <entity> 616 </entity> <entity type> monetaryItemType </entity type> <context> Revenue | 9,748 | — | 52 | 616 | 9,184 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
9184
monetaryItemType
table: <entity> 9184 </entity> <entity type> monetaryItemType </entity type> <context> Revenue | 9,748 | — | 52 | 616 | 9,184 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
1209
monetaryItemType
table: <entity> 1209 </entity> <entity type> monetaryItemType </entity type> <context> State general obligation | 1,209 | — | 7 | 59 | 1,157 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
7
monetaryItemType
table: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> State general obligation | 1,209 | — | 7 | 59 | 1,157 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
59
monetaryItemType
table: <entity> 59 </entity> <entity type> monetaryItemType </entity type> <context> State general obligation | 1,209 | — | 7 | 59 | 1,157 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
1157
monetaryItemType
table: <entity> 1157 </entity> <entity type> monetaryItemType </entity type> <context> State general obligation | 1,209 | — | 7 | 59 | 1,157 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
963
monetaryItemType
table: <entity> 963 </entity> <entity type> monetaryItemType </entity type> <context> Pre-refunded | 963 | — | 5 | 2 | 966 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
5
monetaryItemType
table: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Pre-refunded | 963 | — | 5 | 2 | 966 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
2
monetaryItemType
table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Pre-refunded | 963 | — | 5 | 2 | 966 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
966
monetaryItemType
table: <entity> 966 </entity> <entity type> monetaryItemType </entity type> <context> Pre-refunded | 963 | — | 5 | 2 | 966 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
30294
monetaryItemType
table: <entity> 30294 </entity> <entity type> monetaryItemType </entity type> <context> Total obligations of U.S. states, municipalities and political subdivisions | 30,294 | — | 154 | 1,942 | 28,506 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
154
monetaryItemType
table: <entity> 154 </entity> <entity type> monetaryItemType </entity type> <context> Total obligations of U.S. states, municipalities and political subdivisions | 30,294 | — | 154 | 1,942 | 28,506 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
1942
monetaryItemType
table: <entity> 1942 </entity> <entity type> monetaryItemType </entity type> <context> Total obligations of U.S. states, municipalities and political subdivisions | 30,294 | — | 154 | 1,942 | 28,506 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
28506
monetaryItemType
table: <entity> 28506 </entity> <entity type> monetaryItemType </entity type> <context> Total obligations of U.S. states, municipalities and political subdivisions | 30,294 | — | 154 | 1,942 | 28,506 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
1035
monetaryItemType
table: <entity> 1035 </entity> <entity type> monetaryItemType </entity type> <context> Debt securities issued by foreign governments | 1,035 | — | 2 | 31 | 1,006 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
2
monetaryItemType
table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Pre-refunded | 963 | — | 5 | 2 | 966 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
31
monetaryItemType
table: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> Debt securities issued by foreign governments | 1,035 | — | 2 | 31 | 1,006 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
1006
monetaryItemType
table: <entity> 1006 </entity> <entity type> monetaryItemType </entity type> <context> Debt securities issued by foreign governments | 1,035 | — | 2 | 31 | 1,006 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
7874
monetaryItemType
table: <entity> 7874 </entity> <entity type> monetaryItemType </entity type> <context> Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities | 7,874 | — | 120 | 176 | 7,818 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
120
monetaryItemType
table: <entity> 120 </entity> <entity type> monetaryItemType </entity type> <context> Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities | 7,874 | — | 120 | 176 | 7,818 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
176
monetaryItemType
table: <entity> 176 </entity> <entity type> monetaryItemType </entity type> <context> Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities | 7,874 | — | 120 | 176 | 7,818 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
7818
monetaryItemType
table: <entity> 7818 </entity> <entity type> monetaryItemType </entity type> <context> Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities | 7,874 | — | 120 | 176 | 7,818 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
35987
monetaryItemType
table: <entity> 35987 </entity> <entity type> monetaryItemType </entity type> <context> Corporate and all other bonds | 35,987 | 5 | 187 | 2,060 | 34,109 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
5
monetaryItemType
table: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Pre-refunded | 963 | — | 5 | 2 | 966 </context>
us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
187
monetaryItemType
table: <entity> 187 </entity> <entity type> monetaryItemType </entity type> <context> Corporate and all other bonds | 35,987 | 5 | 187 | 2,060 | 34,109 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
2060
monetaryItemType
table: <entity> 2060 </entity> <entity type> monetaryItemType </entity type> <context> Corporate and all other bonds | 35,987 | 5 | 187 | 2,060 | 34,109 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
34109
monetaryItemType
table: <entity> 34109 </entity> <entity type> monetaryItemType </entity type> <context> Corporate and all other bonds | 35,987 | 5 | 187 | 2,060 | 34,109 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
81781
monetaryItemType
table: <entity> 81781 </entity> <entity type> monetaryItemType </entity type> <context> Total | $ | 81,781 | $ | 5 | $ | 471 | $ | 4,440 | $ | 77,807 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
471
monetaryItemType
table: <entity> 471 </entity> <entity type> monetaryItemType </entity type> <context> Total | $ | 81,781 | $ | 5 | $ | 471 | $ | 4,440 | $ | 77,807 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
4440
monetaryItemType
table: <entity> 4440 </entity> <entity type> monetaryItemType </entity type> <context> Total | $ | 81,781 | $ | 5 | $ | 471 | $ | 4,440 | $ | 77,807 </context>
us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Amortized Cost</td><td></td><td>Allowance for Expected Credit Losses</td><td></td><td>Gross Unrealized</td><td></td><td>Fair Value</td></tr><tr><td>(at December 31, 2023, in millions)</td><td></td><td></td><td></td><td>Gains</td><td></td><td>Losses</td><td></td></tr><tr><td>U.S. Treasury securities and obligations of U.S. government and government agencies and authorities U.S. Treasury securities and obligations of U.S. government and government agencies and authorities</td><td></td><td>$</td><td>6,591</td><td></td><td></td><td>$</td><td>—</td><td></td><td></td><td>$</td><td>8</td><td></td><td></td><td>$</td><td>231</td><td></td><td></td><td>$</td><td>6,368</td><td></td></tr><tr><td>Obligations of U.S. states, municipalities and political subdivisions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Local general obligation</td><td></td><td>18,374</td><td></td><td></td><td>—</td><td></td><td></td><td>90</td><td></td><td></td><td>1,265</td><td></td><td></td><td>17,199</td><td></td></tr><tr><td>Revenue</td><td></td><td>9,748</td><td></td><td></td><td>—</td><td></td><td></td><td>52</td><td></td><td></td><td>616</td><td></td><td></td><td>9,184</td><td></td></tr><tr><td>State general obligation</td><td></td><td>1,209</td><td></td><td></td><td>—</td><td></td><td></td><td>7</td><td></td><td></td><td>59</td><td></td><td></td><td>1,157</td><td></td></tr><tr><td>Pre-refunded</td><td></td><td>963</td><td></td><td></td><td>—</td><td></td><td></td><td>5</td><td></td><td></td><td>2</td><td></td><td></td><td>966</td><td></td></tr><tr><td>Total obligations of U.S. states, municipalities and political subdivisions</td><td></td><td>30,294</td><td></td><td></td><td>—</td><td></td><td></td><td>154</td><td></td><td></td><td>1,942</td><td></td><td></td><td>28,506</td><td></td></tr><tr><td>Debt securities issued by foreign governments</td><td></td><td>1,035</td><td></td><td></td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>31</td><td></td><td></td><td>1,006</td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations and pass-through securities Mortgage-backed securities, collateralized mortgage obligations and pass-through securities</td><td></td><td>7,874</td><td></td><td></td><td>—</td><td></td><td></td><td>120</td><td></td><td></td><td>176</td><td></td><td></td><td>7,818</td><td></td></tr><tr><td>Corporate and all other bonds</td><td></td><td>35,987</td><td></td><td></td><td>5</td><td></td><td></td><td>187</td><td></td><td></td><td>2,060</td><td></td><td></td><td>34,109</td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>81,781</td><td></td><td></td><td>$</td><td>5</td><td></td><td></td><td>$</td><td>471</td><td></td><td></td><td>$</td><td>4,440</td><td></td><td></td><td>$</td><td>77,807</td><td></td></tr></table>
table
77807
monetaryItemType
table: <entity> 77807 </entity> <entity type> monetaryItemType </entity type> <context> Total | $ | 81,781 | $ | 5 | $ | 471 | $ | 4,440 | $ | 77,807 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
7357
monetaryItemType
table: <entity> 7357 </entity> <entity type> monetaryItemType </entity type> <context> Due in one year or less | $ | 7,357 | $ | 7,328 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
7328
monetaryItemType
table: <entity> 7328 </entity> <entity type> monetaryItemType </entity type> <context> Due in one year or less | $ | 7,357 | $ | 7,328 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
23640
monetaryItemType
table: <entity> 23640 </entity> <entity type> monetaryItemType </entity type> <context> Due after 1 year through 5 years | 23,640 | 22,965 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
22965
monetaryItemType
table: <entity> 22965 </entity> <entity type> monetaryItemType </entity type> <context> Due after 1 year through 5 years | 23,640 | 22,965 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
22647
monetaryItemType
table: <entity> 22647 </entity> <entity type> monetaryItemType </entity type> <context> Due after 5 years through 10 years | 22,647 | 20,897 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
20897
monetaryItemType
table: <entity> 20897 </entity> <entity type> monetaryItemType </entity type> <context> Due after 5 years through 10 years | 22,647 | 20,897 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
21745
monetaryItemType
table: <entity> 21745 </entity> <entity type> monetaryItemType </entity type> <context> Due after 10 years | 21,745 | 19,871 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
19871
monetaryItemType
table: <entity> 19871 </entity> <entity type> monetaryItemType </entity type> <context> Due after 10 years | 21,745 | 19,871 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
75389
monetaryItemType
table: <entity> 75389 </entity> <entity type> monetaryItemType </entity type> <context> 75,389 | 71,061 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
71061
monetaryItemType
table: <entity> 71061 </entity> <entity type> monetaryItemType </entity type> <context> 75,389 | 71,061 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
12888
monetaryItemType
table: <entity> 12888 </entity> <entity type> monetaryItemType </entity type> <context> Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities | 12,888 | 12,605 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
12605
monetaryItemType
table: <entity> 12605 </entity> <entity type> monetaryItemType </entity type> <context> Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities | 12,888 | 12,605 </context>
us-gaap:AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
88277
monetaryItemType
table: <entity> 88277 </entity> <entity type> monetaryItemType </entity type> <context> Total | $ | 88,277 | $ | 83,666 </context>
us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Amortized Cost</td><td></td><td>Fair Value</td></tr><tr><td>Due in one year or less</td><td></td><td>$</td><td>7,357 </td><td></td><td></td><td>$</td><td>7,328 </td><td></td></tr><tr><td>Due after 1 year through 5 years</td><td></td><td>23,640 </td><td></td><td></td><td>22,965 </td><td></td></tr><tr><td>Due after 5 years through 10 years</td><td></td><td>22,647 </td><td></td><td></td><td>20,897 </td><td></td></tr><tr><td>Due after 10 years</td><td></td><td>21,745 </td><td></td><td></td><td>19,871 </td><td></td></tr><tr><td></td><td></td><td>75,389 </td><td></td><td></td><td>71,061 </td><td></td></tr><tr><td>Mortgage-backed securities, collateralized mortgage obligations Mortgage-backed securities, collateralized mortgage obligations and pass-through securities and pass-through securities</td><td></td><td>12,888 </td><td></td><td></td><td>12,605 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>88,277 </td><td></td><td></td><td>$</td><td>83,666 </td><td></td></tr></table>
table
83666
monetaryItemType
table: <entity> 83666 </entity> <entity type> monetaryItemType </entity type> <context> Total | $ | 88,277 | $ | 83,666 </context>
us-gaap:AvailableForSaleSecuritiesDebtSecurities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Cost</td><td></td><td>Gross Gains</td><td></td><td>Gross Losses</td><td></td><td>Fair Value</td></tr><tr><td>Common stock</td><td></td><td>$</td><td>500 </td><td></td><td></td><td>$</td><td>150 </td><td></td><td></td><td>$</td><td>11 </td><td></td><td></td><td>$</td><td>639 </td><td></td></tr><tr><td>Non-redeemable preferred stock</td><td></td><td>44 </td><td></td><td></td><td>4 </td><td></td><td></td><td>— </td><td></td><td></td><td>48 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>544 </td><td></td><td></td><td>$</td><td>154 </td><td></td><td></td><td>$</td><td>11 </td><td></td><td></td><td>$</td><td>687 </td><td></td></tr></table>
table
500
monetaryItemType
table: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> Common stock | $ | 500 | $ | 150 | $ | 11 | $ | 639 </context>
us-gaap:EquitySecuritiesFvNiCost
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>(at December 31, 2024, in millions)</td><td></td><td>Cost</td><td></td><td>Gross Gains</td><td></td><td>Gross Losses</td><td></td><td>Fair Value</td></tr><tr><td>Common stock</td><td></td><td>$</td><td>500 </td><td></td><td></td><td>$</td><td>150 </td><td></td><td></td><td>$</td><td>11 </td><td></td><td></td><td>$</td><td>639 </td><td></td></tr><tr><td>Non-redeemable preferred stock</td><td></td><td>44 </td><td></td><td></td><td>4 </td><td></td><td></td><td>— </td><td></td><td></td><td>48 </td><td></td></tr><tr><td>Total</td><td></td><td>$</td><td>544 </td><td></td><td></td><td>$</td><td>154 </td><td></td><td></td><td>$</td><td>11 </td><td></td><td></td><td>$</td><td>687 </td><td></td></tr></table>
table
150
monetaryItemType
table: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> Common stock | $ | 500 | $ | 150 | $ | 11 | $ | 639 </context>
us-gaap:EquitySecuritiesFvNiUnrealizedGain