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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Breakdown of FHLB Advances and Other Borrowings Outstanding The following is a breakdown of our FHLB advances and other borrowings outstanding:
 December 31, 2020December 31, 2019
 AmountRateAmountRate
 (Dollars in millions)
Short-term fixed rate term advances$3,415 0.20 %$3,695 1.61 %
Other short-term borrowings485 0.08 %470 1.64 %
Total short-term Federal Home Loan Bank advances and other borrowings3,900 4,165 
Long-term fixed rate advances 1,200 1.03 %650 1.45 %
Total long-term Federal Home Loan Bank advances1,200 650 
Total Federal Home Loan Bank advances and other borrowings$5,100 $4,815 
Detailed Information on FHLB Advances and Other Borrowings The following table contains detailed information on our FHLB advances and other borrowings:
 For the Years Ended December 31,
 202020192018
(Dollars in millions)
Maximum outstanding at any month end$6,841 $5,005 $5,740 
Average outstanding balance3,873 3,064 4,713 
Average remaining borrowing capacity5,282 4,194 2,089 
Weighted average interest rate0.72 %1.90 %1.96 %
Maturity Dates of FHLB Advances and Other Borrowings The following table outlines the maturity dates of our FHLB advances and other borrowings:
 December 31, 2020
 (Dollars in millions)
2021$3,900 
2022200 
2023500 
2024100 
Thereafter400 
Total$5,100 
Summary of Long-Term Debt, Net of Debt Issuance Costs The following table presents long-term debt, net of debt issuance costs:
 December 31, 2020December 31, 2019
AmountInterest RateAmountInterest Rate
(Dollars in millions)
Senior Notes
Senior notes, matures 2021$246 6.125 %$249 6.125%
Subordinated Notes
Notes, matures 2030148 4.125 %— — %
Trust Preferred Securities
Floating Three Month LIBOR Plus:
Plus 3.25%, matures 203226 3.50 %26 5.20 %
Plus 3.25%, matures 203326 3.49 %26 5.24 %
Plus 3.25%, matures 203326 3.49 %26 5.21 %
Plus 2.00%, matures 203526 2.24 %26 3.99 %
Plus 2.00%, matures 203526 2.24 %26 3.99 %
Plus 1.75%, matures 203551 1.97 %51 3.64 %
Plus 1.50%, matures 203525 1.74 %25 3.49 %
Plus 1.45%, matures 203725 1.67 %25 3.34 %
Plus 2.50%, matures 203716 2.72 %16 4.39 %
Total Trust Preferred Securities247 247 
Total other long-term debt$641 $496