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Commercial Paper and Other Short-Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2015
Short-term Debt [Abstract]  
Summary of Commercial Paper and Other Short-Term Borrowings
The following is a summary of the Company's commercial paper and other short-term borrowings:
(Dollars in millions)
 
December 31, 2015
 
December 31, 2014
Federal funds purchased and securities sold under repurchase agreements, with weighted average interest rates of 0.30% and 0.12% at December 31, 2015 and December 31, 2014, respectively
 
$
44

 
$
111

Commercial paper, with a weighted average interest rate of 0.23% and 0.16% at December 31, 2015 and December 31, 2014, respectively
 
994

 
2,593

Total commercial paper and other short-term borrowings
 
$
1,038

 
$
2,704