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Deposits and Borrowings (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Components of Deposits, Short-Term Borrowings and Long-Term Debt The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of December 31, 2021 and 2020. The carrying value presented below for these borrowings includes unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments.
Table 8.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt
(Dollars in millions)December 31, 2021December 31, 2020
Deposits:
Non-interest-bearing deposits$38,043 $31,142 
Interest-bearing deposits(1)
272,937 274,300 
Total deposits$310,980 $305,442 
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase$820 $668 
Total short-term borrowings$820 $668 
 December 31, 2021December 31, 2020
(Dollars in millions)Maturity DatesStated Interest RatesWeighted-Average Interest RateCarrying ValueCarrying Value
Long-term debt:
Securitized debt obligations2022-2028
0.13% - 2.84%
1.51%$14,994 $12,414 
Senior and subordinated notes:
Fixed unsecured senior debt(2)
2022-2032
0.80 - 4.25
2.9119,975 21,045 
Floating unsecured senior debt2022-2024
0.74 - 1.28
1.011,709 1,609 
Total unsecured senior debt2.7621,684 22,654 
Fixed unsecured subordinated debt2023-2032
2.36 - 4.20
3.525,535 4,728 
Total senior and subordinated notes27,219 27,382 
Other long-term borrowings:
Finance lease liabilities2022-2031
0.30 - 9.91
3.2853 75 
Total other long-term borrowings53 75 
Total long-term debt$42,266 $39,871 
Total short-term borrowings and long-term debt$43,086 $40,539 
__________
(1)Includes $1.8 billion and $4.2 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of December 31, 2021 and 2020, respectively.
(2)Includes $1.4 billion and $1.6 billion of EUR-denominated unsecured notes as of December 31, 2021 and 2020, respectively.
The following table presents the carrying value of our interest-bearing time deposits with contractual maturities, securitized debt obligations and other debt by remaining contractual maturity as of December 31, 2021.
Table 8.2: Maturity Profile of Borrowings
(Dollars in millions)20222023202420252026ThereafterTotal
Interest-bearing time deposits $11,518 $3,026 $2,427 $444 $468 $40 $17,923 
Securitized debt obligations5,537 527 4,862 731 1,882 1,455 14,994 
Federal funds purchased and securities loaned or sold under agreements to repurchase820 0 0 0 0 0 820 
Senior and subordinated notes2,462 5,993 6,200 3,343 2,043 7,178 27,219 
Other borrowings20 19 4 2 2 6 53 
Total$20,357 $9,565 $13,493 $4,520 $4,395 $8,679 $61,009