Long-Term Debt

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

The following table presents a summary of long-term debt:

	2018											2017
December 31, (Dollars in millions)				Stated Rate				Effective Rate		Carrying Amount		Carrying Amount
	Maturity			Min		Max
BB&T Corporation:
Fixed rate senior notes	2019	to	2025	2.05	%	6.85	%	3.50	%	$	10,408	$	8,562
Floating rate senior notes	2019		2022	2.76		3.36		3.23		2,398		2,547
Fixed rate subordinated notes	2019		2022	3.95		5.25		2.47		903		933
Branch Bank:
Fixed rate senior notes	2019		2022	1.45		2.85		3.14		4,895		5,653
Floating rate senior notes	2019		2020	2.89		3.07		3.01		1,149		1,149
Fixed rate subordinated notes	2025		2026	3.63		3.80		3.90		2,075		2,119
FHLB advances (1)	2019		2034	—		5.50		2.79		1,749		2,480
Other long-term debt										132		205
Total long-term debt										$	23,709	$	23,648

(1) FHLB advances had a weighted average maturity of 4.0 years at December 31, 2018.

The effective rates above reflect the impact of fair value hedges and debt issuance costs. Subordinated notes with a remaining maturity of one year or greater qualify under the risk-based capital guidelines as Tier 2 supplementary capital, subject to certain limitations.

During 2017, Branch Bank terminated FHLB advances totaling $2.9 billion of par value, which resulted in a pre-tax loss on early extinguishment of debt totaling $392 million.

The following table presents future debt maturities:

Year Ended December 31,											Thereafter
(Dollars in millions)	2019		2020		2021		2022		2023
Future debt maturities	$	4,837	$	6,008	$	4,007	$	2,824	$	1,004	$	5,122