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Borrowings (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Short-term Debt The following table presents a summary of short-term borrowings:
(Dollars in millions)Jun 30, 2022Dec 31, 2021
Federal funds purchased$2,942 $— 
Securities sold under agreements to repurchase1,938 2,435 
FHLB advances6,000 — 
Collateral in excess of derivative exposures
420 318 
Master notes620 808 
Securities sold short1,816 1,731 
Total short-term borrowings$13,736 $5,292 
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, 2022Dec 31, 2021
Truist Financial Corporation:
Fixed rate senior notes (1)$11,481 $13,271 
Floating rate senior notes (1)999 1,348 
Fixed rate subordinated notes (2)930 1,254 
Capital Notes (2)622 620 
Structured notes (3)11 11 
Truist Bank:
Fixed rate senior notes (1)8,058 9,545 
Floating rate senior notes (1)1,749 2,399 
Fixed rate subordinated notes (2)4,898 5,043 
FHLB advances
3 863 
Other long-term debt (4)1,275 1,263 
Nonbank subsidiaries:
Other long-term debt (5)293 296 
Total long-term debt$30,319 $35,913 
(1)Prior period was revised to reclassify certain floating rate senior notes that were reported as fixed rate senior notes at December 31, 2021.
(2)Subordinated and capital 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.
(3)Consist of notes with various terms that include fixed or floating rate interest or returns that are linked to an equity index.
(4)Includes debt associated with finance leases, tax credit investments, and other.
(5)Includes debt associated with structured real estate leases.