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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021December 31, 2020
 AmountRateAmountRate
 (Dollars in millions)
Short-term fixed rate term advances$1,600 0.19 %$3,415 0.20 %
Other short-term borrowings280 0.11 %485 0.08 %
Total short-term Federal Home Loan Bank advances and other borrowings1,880 3,900 
Long-term fixed rate advances 1,400 0.90 %1,200 1.03 %
Total long-term Federal Home Loan Bank advances1,400 1,200 
Total Federal Home Loan Bank advances and other borrowings$3,280 $5,100 
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,
 20212020
(Dollars in millions)
Maximum outstanding at any month end$5,595 $6,841 
Average outstanding balance3,583 3,873 
Average remaining borrowing capacity5,492 5,282 
Weighted average interest rate0.46 %0.72 %
Maturity Dates of FHLB Advances and Other Borrowings The following table outlines the maturity dates of our FHLB advances and other borrowings:
 December 31, 2021
 (Dollars in millions)
20222,080 
2023500 
2024100 
Thereafter600 
Total$3,280 
Summary of Long-Term Debt, Net of Debt Issuance Costs The following table presents long-term debt, net of debt issuance costs:
 December 31, 2021December 31, 2020
AmountInterest RateAmountInterest Rate
(Dollars in millions)
Senior Notes
Senior notes, matures 2021$— — %$246 6.125%
Subordinated Notes
Notes, matures 2030149 4.125 %148 4.125 %
Trust Preferred Securities
Floating Three Month LIBOR Plus:
Plus 3.25%, matures 203226 3.47 %26 3.50 %
Plus 3.25%, matures 203326 3.37 %26 3.49 %
Plus 3.25%, matures 203326 3.47 %26 3.49 %
Plus 2.00%, matures 203526 2.12 %26 2.24 %
Plus 2.00%, matures 203526 2.12 %26 2.24 %
Plus 1.75%, matures 203551 1.95 %51 1.97 %
Plus 1.50%, matures 203525 1.62 %25 1.74 %
Plus 1.45%, matures 203725 1.65 %25 1.67 %
Plus 2.50%, matures 203716 2.70 %16 2.72 %
Total Trust Preferred Securities247 247 
Total other long-term debt$396 $641