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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
Long-term debt consists of borrowings having an original maturity of one year or more. The following is a summary of the Company's long-term debt:
(Dollars in millions)
 
December 31, 2018
 
December 31, 2017
Debt issued by MUAH
 
 

 
 

Senior debt:
 
 

 
 

Floating rate senior notes due February 2018. These notes, which bore interest at 0.57% above 3-month LIBOR, had a rate of 1.97% at December 31, 2017
 
$

 
$
250

Fixed rate 1.625% notes due February 2018
 

 
450

Fixed rate 2.25% notes due February 2020
 

 
998

Fixed rate 3.50% notes due June 2022
 
398

 
398

Fixed rate 3.00% notes due February 2025
 
397

 
496

Senior debt due to MUFG Bank, Ltd:
 
 
 
 
Floating rate debt due March 2020. This note, which bore interest at 0.86% above 3-month LIBOR, had a rate of 2.45% at December 31, 2017
 

 
545

Floating rate debt due September 2020. This note, which bore interest at 0.85% above 3-month LIBOR, had a rate of 2.54% at December 31, 2017
 

 
3,500

Floating rate debt due December 2021. This note, which bears interest at 0.81% above 3-month LIBOR, had a rate of 3.58% at December 31, 2018
 
1,625

 

Floating rate debt due December 2022. This note, which bears interest at 0.90% above 3-month LIBOR, had a rate of 3.67% at December 31, 2018
 
3,250

 

Floating rate debt due December 2023. This note, which bears interest at 0.99% above 3-month LIBOR, had a rate of 3.76% at December 31, 2018
 
1,625

 

Floating rate debt due December 2023. This note, which bears interest at 0.76% above 3-month EURIBOR, had a rate of 0.76% at December 31, 2018 and at December 31, 2017
 
24

 
24

Subordinated debt due to MUFG Bank, Ltd:
 
 
 
 
Floating rate subordinated debt due December 2023. This note, which bore interest at 1.38% above 3-month LIBOR, had a rate of 3.07% at December 31, 2017
 

 
300

Junior subordinated debt payable to trusts:
 
 
 
 
Floating rate note due September 2036. This note had an interest rate of 4.49% at December 31, 2018 and 3.29% at December 31, 2017
 
36

 
36

Total debt issued by MUAH
 
7,355

 
6,997

Debt issued by MUB
 
 

 
 

Senior debt:
 
 

 
 

Fixed rate FHLB of San Francisco advances due between January 2019 and December 2023. These notes bear a combined weighted average rate of 2.66% at December 31, 2018 and 1.51% at December 31, 2017
 
9,100

 
1,500

Fixed rate 2.625% notes due September 2018
 

 
1,000

Fixed rate 2.25% notes due May 2019
 
498

 
497

Subordinated debt due to MUFG Bank, Ltd:
 
 
 
 
Floating rate subordinated debt due June 2023. This note, which bore interest at 1.20% above 3-month LIBOR, had a rate of 2.89% at December 31, 2017
 

 
750

Other
 
34

 
63

Total debt issued by MUB
 
9,632

 
3,810

Debt issued by other MUAH subsidiaries
 
 
 
 
Senior debt due to MUFG Bank, Ltd:
 
 
 
 
Various floating rate borrowings due between December 2020 and May 2021. These notes, which bear interest above 3-month LIBOR had a weighted average interest rate of 2.80% at December 31, 2018 and 1.78% at December 31, 2017
 
250

 
291

Various fixed rate borrowings due between February 2019 and May 2024 with a weighted average interest rate of 1.82% (between 0.14% and 2.44%) at December 31, 2018 and 2.12% (between 1.37% and 2.65%) at December 31, 2017
 
244

 
339

Subordinated debt due to Affiliate:
 
 
 
 
Floating rate borrowings due March 2019. These notes, which bear interest above 6-month LIBOR had an interest rate of 4.13% at December 31, 2018 and 2.95% (between 2.88% and 3.04%) at December 31, 2017
 
75

 
185

Non-recourse debt due to MUFG Bank, Ltd:
 
 
 
 
Various floating rate non-recourse borrowings due between February 2019 and December 2021. These notes, which bear interest above 1- or 3-month LIBOR had a weighted average interest rate of 4.09% (between 2.75% and 4.17%) at December 31, 2018 and 3.07% (between 1.49% and 5.58%) at December 31, 2017
 
53

 
79

Fixed rate non-recourse borrowings due between January 2019 and July 2023 which had an interest rate of 3.05% at December 31, 2018 and 3.27% at December 31, 2017
 
187

 
240

Other non-recourse debt:
 
 
 
 
Various floating rate non-recourse borrowings due between February 2019 and May 2019. These notes, which bear interest above 1- or 3-month LIBOR had a weighted average interest rate of 4.21% (between 4.17% and 4.48%) at December 31, 2018 and 2.88% (between 2.50% and 3.54%) at December 31, 2017
 
89

 
185

Fixed rate non-recourse borrowings due December 2026 which had an interest rate of 5.34% at December 31, 2018 and December 31, 2017
 
33

 
36

Total debt issued by other MUAH subsidiaries
 
931

 
1,355

Total long-term debt
 
$
17,918

 
$
12,162