Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Long-Term Debt, Interest Rates and Maturity Dates

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





	2019																2018
December 31, (Dollars in millions)				Stated Rate								Effective Rate		Carrying Amount		Carrying Amount
		Maturity						Min			Max
Truist Financial Corporation:
Fixed rate senior notes	2020	to	2028	2.05	%	6.00	%		2.25	%		$	14,431	$	10,408
Floating rate senior notes	2020		2022	2.13		2.75			2.65			1,749		2,398
Fixed rate subordinated notes	2022		2029	3.88		6.00			3.11			1,227		903
Capital Notes	2027		2028	2.54		3.08			3.61			611		—
Structured Notes (1)	2021		2026									112		—
Truist Bank:
Fixed rate senior notes	2020		2037	2.13		4.05			2.36			11,560		4,895
Floating rate senior notes	2020		2022	2.13		2.49			2.31			1,554		1,149
Fixed rate subordinated notes	2020		2029	2.64		5.40			2.89			3,872		2,075

FHLB advances (2)	2020		2034	—		5.36			2.08			4,141		1,749

Other long-term debt (3)												1,133		132
Nonbank subsidiaries:
Other long-term debt (4)												949		—
Total long-term debt												$	41,339	$	23,709

(1) Consist of notes with various terms that include fixed or floating rate interest, or returns that are linked to an equity index.

(2) FHLB advances had a weighted average maturity of 1.8 years at December 31, 2019.

(3) Includes finance leases, tax credit investments, and other.

(4) Includes Debt associated with structured real estate leases.

Schedule of Future Maturities of Long-term Debt

The following table presents future debt maturities:


Year Ended December 31,													Thereafter
(Dollars in millions)	2020		2021		2022		2023		2024
Future debt maturities (1)	$	6,393	$	6,781	$	9,092	$	3,270	$	5,239	$	10,587

Schedule of Short-term Debt

The following table presents a summary of short-term borrowings:


December 31, (Dollars in millions)	2019									2018
			Carrying Amount			Interest Rate			Carrying Amount			Interest Rate
Federal funds purchased	$	259		1.48	%		$	—		—	%
Securities sold under agreements to repurchase	1,969			1.41			251			1.59
FHLB advances	13,480			1.87			4,525			2.55
Dealer collateral	682			1.55			—			—
Master notes	493			0.94			—			—
Other short-term borrowings	1,335			0.44			402			1.67
Total short-term borrowings	$	18,218		1.67			$	5,178		2.45

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details