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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2012
Commercial Paper and Other Short-Term Borrowings and Long-Term Debt [Abstract]  
Summary of long-term debt
                 

(Dollars in millions)

  June 30,
2012
    December 31,
2011
 

Senior debt:

               

Fixed and floating rate Federal Home Loan Bank advances with maturities ranging from January 2013 to February 2016. These notes bear a combined weighted-average rate of 1.64% at June 30, 2012 and 1.75% at December 31, 2011

  $ 3,000     $ 3,625  

Floating rate notes due March 2012. These notes, which bear interest at 0.20% above 3-month LIBOR, had a rate of 0.76% at December 31, 2011

    —       500  

Floating rate notes due June 2014. These notes, which bear interest at 0.95% above 3-month LIBOR, had a rate of 1.42% at June 30, 2012 and 1.48% at December 31, 2011

    300       300  

Fixed rate 2.125% notes due December 2013

    399       399  

Fixed rate 3.00% notes due June 2016

    698       698  

Fixed rate 2.125% notes due June 2017

    499       —  

Fixed rate 3.50% notes due June 2022

    397       —  

Note payable:

               

Fixed rate 6.03% notes due July 2014 (related to consolidated VIE)

    8       8  

Subordinated debt:

               

Fixed rate 5.25% notes due December 2013

    409       413  

Fixed rate 5.95% notes due May 2016

    734       741  
   

 

 

   

 

 

 

Total long-term debt

  $ 6,444     $ 6,684