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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Components of Short-Term Borrowings
The following table presents a summary of our short-term borrowings:
December 31,  
Dollars in millions20252024
Federal funds purchased$— $— 
Securities sold under repurchase agreements13 14 
Other short-term borrowings1,071 2,130 
Schedule of Components of Long-Term Debt
The following table presents the contractual rates and maturity dates of our long-term debt as of December 31, 2025 and the carrying values as of December 31, 2025 and December 31, 2024. We use interest rate swaps and caps, which modify the repricing characteristics of certain long-term debt, to manage interest rate risk. For more information about such financial instruments, see Note 7 (“Derivatives and Hedging Activities”). 

December 31,Stated RateMaturityCarrying Value
Dollars in millions2025202520252024
Parent Company
Senior notes
2.25% - 6.40%
2027 - 2035
$4,659 $4,251 
Junior subordinated debentures
4.99% - 7.75%
2028 - 2037
447 444 
Other variable rate notes— 599 
Total parent company$5,106 $5,294 
Subsidiaries
Senior notes
3.97% - 5.85%
2027 - 2039
$2,229 $4,540 
Subordinated notes
3.40% - 6.95%
2026 - 2032
1,932 1,869 
Federal Home Loan Bank advances
1.39% - 7.36%
2026 - 2042
560 79 
Other long-term debt(a)
90 112 
Revolving loans— 211 
Total subsidiaries$4,811 $6,811 
Total long-term debt$9,917 $12,105 
(a)Includes debt associated with secured borrowings, investment fund financing, and capital lease obligations.
Schedule of Scheduled Principal Payments on Long-Term Debt
At December 31, 2025, scheduled principal payments on long-term debt were as follows:
Dollars in millionsParentSubsidiariesTotal
2026$— $1,111 $1,111 
2027771 1,275 2,046 
2028903 307 1,210 
2029881 345 1,226 
2030— 15 15 
All subsequent years2,551 1,758 4,309