Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Long-term Debt, Unclassified [Abstract]

Schedule of Long-term Debt

(Dollars in millions)						As of December 31,
Issuance Date	Maturity Date	Coupon Rate		Seniority	Interest Due Dates	2019		2018
Parent Company And Non-Banking Subsidiary Issuances
August 18, 2015	August 18, 2025	3.55	%	Senior notes	2/18; 8/18(1)	$	1,331	$	1,268
August 18, 2015	August 18, 2020	2.55	%	Senior notes	2/18; 8/18	1,191		1,177
November 19, 2013	November 20, 2023	3.7	%	Senior notes	5/20; 11/20(1)	1,037		1,006
December 15, 2014	December 16, 2024	3.3	%	Senior notes	6/16; 12/16(1)	1,022		979
May 15, 2013	May 15, 2023(2)	3.1	%	Subordinated notes	5/15; 11/15(1)	1,006		972
November 1, 2019	November 1, 2025	2.354	%	Fixed-to-floating rate senior notes	5/1; 11/1	991		—
May 15, 2017	May 15, 2023	2.653	%	Fixed-to-floating rate senior notes	5/15; 11/15(1)	753		734
March 7, 2011	March 7, 2021	4.375	%	Senior notes	3/7; 9/7(1)	748		731
May 19, 2016	May 19, 2021	1.95	%	Senior notes	5/19; 11/19(1)	744		725
May 19, 2016	May 19, 2026	2.65	%	Senior notes	5/19; 11/19(1)	741		698
December 3, 2018	December 3, 2029	4.141	%	Fixed-to-floating rate senior notes	6/3; 12/3(1)	546		513
December 3, 2018	December 3, 2024	3.776	%	Fixed-to-floating rate senior notes	6/3; 12/3(1)	522		507
August 18, 2015	August 18, 2020	Floating-rate		Senior notes	2/18; 5/18; 8/18; 11/18	500		499
April 30, 2007	June 15, 2047	Floating-rate		Junior subordinated debentures	3/15; 6/15; 9/15; 12/15	499		794
November 1, 2019	November 1, 2034	3.031	%	Fixed-to-floating rate senior subordinated notes	5/1; 11/1(2)	492		—
May 15, 1998	May 15, 2028	Floating-rate		Junior subordinated debentures	2/15; 5/15; 8/15; 11/15	100		150
June 21, 1996	June 15, 2026(3)	7.35	%	Senior notes	6/15; 12/15	150		150
Parent Company
Long-term finance leases						136		190
Total long-term debt						$	12,509	$	11,093

⁽¹⁾  We have entered into interest rate swap agreements, recorded as fair value hedges, to modify our interest expense on these senior and subordinated notes from a fixed rate to a floating rate. As of both December 31, 2019 and 2018, the carrying value of long-term debt associated with these fair value hedges was $157 million. Refer to Note 10 for additional information about fair value hedges.

⁽²⁾  The subordinated notes qualify for inclusion in tier 2 regulatory capital under current federal regulatory capital guidelines.

⁽³⁾ 

We may not redeem notes prior to their maturity.