Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Summary of Long-Term Debt

The following is a summary of the Company's long-term debt.

(Dollars in millions)	September 30, 2020		December 31, 2019
Debt issued by MUAH
Senior debt:
Fixed rate 3.50% notes due June 2022	$	399	$	399
Fixed rate 3.00% notes due February 2025	398		397
Senior debt due to MUFG Bank, Ltd:
Floating rate debt due December 2022. This note, which bears interest at 0.90% above 3-month LIBOR, had a rate of 1.14% at September 30, 2020 and 3.03% at December 31, 2019	3,250		3,250
Floating rate debt due December 2022. This note, which bears interest at 0.97% above 3-month LIBOR, had a rate of 1.21% at September 30, 2020 and 3.07% at December 31, 2019	125		125
Floating rate debt due December 2023. This note, which bears interest at 0.99% above 3-month LIBOR, had a rate of 1.23% at September 30, 2020 and 3.12% at December 31, 2019	1,625		1,625
Floating rate debt due December 2023. This note, which bears interest at 0.94% above 3-month LIBOR, had a rate of 1.18% at September 30, 2020 and 2.82% at December 31, 2019	1,765		1,765
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 September 30, 2020 and 0.76% at December 31, 2019	26		24
Junior subordinated debt payable to trusts:
Floating rate note due September 2036. This note had an interest rate of 1.95% at September 30, 2020 and 3.59% at December 31, 2019	37		37
Total debt issued by MUAH	7,625		7,622
Debt issued by MUB
Senior debt:
Fixed rate 2.10% notes due December 2022	699		698
Floating rate debt due December 2022. These notes which bear interest at 0.71% above the Secured Overnight Financing Rate had a rate of 0.79% at September 30, 2020 and 2.26% at December 31, 2019	299		300
Floating rate debt due March 2022. This note, which bears interest at 0.60% above 3-month LIBOR, had a rate of 0.85% at September 30, 2020 and 2.49% at December 31, 2019	300		300
Variable rate FHLB of San Francisco advances due November 2020. These notes bear a combined weighted average rate of 0.28% at September 30, 2020 and 1.90% at December 31, 2019	100		1,100
Fixed rate 3.15% notes due April 2022	998		998
Fixed rate FHLB of San Francisco advances due between November 2021 and April 2025. These notes bear a combined weighted average rate of 2.76% at September 30, 2020 and 2.95% at December 31, 2019	4,575		5,500
Other	13		13
Total debt issued by MUB	6,984		8,909
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 bore interest above 3-month LIBOR had a weighted average interest rate of 1.94% at December 31, 2019	—		250
Various fixed rate borrowings due between November 2020 and September 2027 with a weighted average interest rate of 1.50% (between 1.23% and 2.44%) at September 30, 2020 and 2.22% (between 1.68% and 2.44%) at December 31, 2019	333		137
Non-recourse debt due to MUFG Bank, Ltd:
Various floating rate non-recourse borrowings due December 2021. These notes, which bear interest above 1- or 3-month LIBOR had a weighted average interest rate of 0.66% at September 30, 2020 and 2.17% at December 31, 2019	3		3
Fixed rate non-recourse borrowings due between October 2020 and July 2023 which had an interest rate of 3.02% (between 1.96% and 3.72%) at September 30, 2020 and 3.07% (between 1.96% and 3.72%) at December 31, 2019	142		166
Other non-recourse debt:
Various floating rate non-recourse borrowings due December 2023. These notes, which bear interest above 1- or 3-month LIBOR had a weighted average interest rate of 2.25% at September 30, 2020 and 3.93% at December 31, 2019	36		13
Fixed rate non-recourse borrowings due December 2026 which had an interest rate of 5.34% at September 30, 2020 and 5.34% December 31, 2019	27		29
Total debt issued by other MUAH subsidiaries	541		598
Total long-term debt	$	15,150	$	17,129