Borrowings (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Short-term Debt

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

(Dollars in millions)	Jun 30, 2020		Dec 31, 2019
Federal funds purchased	$	72	$	259
Securities sold under agreements to repurchase	1,123		1,969
FHLB advances	2,410		13,480
Dealer collateral	477		682
Master notes	783		493
Other short-term borrowings	835		1,335
Total short-term borrowings	$	5,700	$	18,218

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

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

(Dollars in millions)	Jun 30, 2020		Dec 31, 2019
Truist Financial Corporation:
Fixed rate senior notes	$	15,341	$	14,431
Floating rate senior notes	899		1,749
Fixed rate subordinated notes	1,296		1,227
Capital Notes	613		611
Structured Notes (1)	110		112
Truist Bank:
Fixed rate senior notes	12,590		11,560
Floating rate senior notes	1,752		1,554
Fixed rate subordinated notes	5,176		3,872
FHLB advances	2,634		4,141
Other long-term debt (2)	1,077		1,133
Nonbank subsidiaries:
Other long-term debt (3)	645		949
Total long-term debt	$	42,133	$	41,339

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

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

(3) Includes debt associated with structured real estate leases.

During the second quarter of 2020, the Company redeemed $20.0 billion of FHLB advances, which were issued during the first quarter of 2020, resulting in loss on early extinguishment of long-term debt of $235 million.