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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Long-Term Debt, Unclassified [Abstract]  
Schedule of Long-term Debt
(Dollars in millions)As of December 31,
Issuance DateMaturity DateCoupon RateSeniorityInterest Due Dates20222021
Parent Company and Non-Banking Subsidiary Issuances
August 18, 2015August 18, 20253.550 %Senior notes
2/18; 8/18(1)
$1,256 $1,370 
May 15, 2013
May 15, 2023(2)
3.100 %Subordinated notes5/15; 11/151,006 1,022 
November 19, 2013November 20, 20233.700 %Senior notes
5/20; 11/20(1)
985 1,043 
December 15, 2014December 16, 20243.300 %Senior notes
6/16; 12/16(1)
962 1,040 
November 1, 2019November 1, 20252.354 %Fixed-to-floating rate senior notes
5/1; 11/1(1)
951 1,019 
March 3, 2021March 3, 20312.200 %Senior subordinated notes3/3; 9/3844 843 
January 24, 2020January 24, 20302.400 %Senior notes1/24, 7/24797 803 
May 19, 2016May 19, 20262.650 %Senior notes
5/19; 11/19(1)
709 779 
August 4, 2022August 4, 20334.164 %Fixed-to-floating rate senior notes
2/4; 8/4(1)
677 — 
February 7, 2022February 7, 20282.203 %Fixed-to-floating rate senior notes8/7; 2/7589 — 
December 3, 2018December 3, 20294.141 %Fixed-to-floating rate senior notes
6/3; 12/3(1)
564 583 
November 1, 2019
November 1, 2034(2)
3.031 %Fixed-to-floating rate senior subordinated notes
5/1; 11/1(1)
532 541 
April 30, 2007June 15, 2047Floating-rateJunior subordinated debentures3/15; 6/15; 9/15; 12/15500 499 
November 4, 2022November 4, 20265.751 %Fixed-to-floating rate senior notes
5/4; 11/4(1)
498 — 
March 30, 2020March 30, 20313.152 %Fixed-to-floating rate senior notes3/30, 9/30498 498 
November 4, 2022November 4, 20285.820 %Fixed-to-floating rate senior notes
5/4; 11/4(1)
497 — 
May 13, 2022May 13, 20334.421 %Fixed-to-floating rate senior notes11/13; 5/13497 — 
November 18, 2021November 18, 20271.684 %Fixed-to-floating rate senior notes5/18; 11/18497 497 
December 3, 2018December 3, 20243.776 %Fixed-to-floating rate senior notes
6/3; 12/3(1)
492 523 
March 30, 2020March 30, 20262.901 %Fixed-to-floating rate senior notes
6/3; 12/3(1)
473 498 
February 7, 2022February 7, 20332.623 %Fixed-to-floating rate senior notes8/7; 2/7466 — 
February 7, 2022February 7, 20261.746 %Fixed-to-floating rate senior notes8/7; 2/7280 — 
June 21, 1996
June 15, 2026(3)
7.350 %Senior notes6/15; 12/15150 150 
May 15, 1998May 15, 2028Floating-rateJunior subordinated debentures
2/15; 5/15; 8/15; 11/15(1)
100 100 
May 15, 2017
May 15, 2023(4)
2.653 %Fixed-to-floating rate senior notes5/15; 11/15— 754 
March 30, 2020
March 30, 2023(4)
2.825 %Fixed-to-floating rate senior notes3/30, 9/30— 749 
Parent Company and Banking Subsidiaries
Long-term finance leases176 164 
Total long-term debt$14,996 $13,475 
(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 December 31, 2022 and 2021, the carrying value of long-term debt associated with these fair value hedges was $282 million and $450 million, respectively. 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.
(4) We redeemed the notes prior to original maturity date.