Split (1)

test · 52.6k rows

context stringlengths 21 24.6k	category stringclasses 2 values	entity stringlengths 1 12	entity_type stringclasses 5 values	query stringlengths 97 3.31k	answer stringlengths 12 168
<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

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