Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The table below reflects interest rates and maturity dates in effect at December 31, 2015.

	December 31, 2015			December 31, 2014
	(in millions)
Senior debt:
Fixed rate:
Secured financings:
5.00% to 5.99%	$	—		$	16
Other fixed rate senior debt:
2.00% to 2.99%	—			62
3.00% to 3.99%; due 2016	88			379
4.00% to 4.99%; due 2016 to 2018	71			1,855
5.00% to 5.49%; due 2016 to 2021	1,289			4,246
5.50% to 5.99%; due 2016 to 2018	2,002			2,083
6.00% to 6.49%; due 2016 to 2017	1,369			1,463
7.00% to 7.49%; due 2023 to 2032	44			46
7.50% to 7.99%; due 2019 to 2032	266			276
Variable interest rate:
Secured financings – .59% to 2.90%; due 2016 to 2018	879			1,473
Other variable interest rate senior debt – .84%; due 2016	1,300			1,300
Subordinated debt  – 6.68% due 2021	2,208			2,208
Junior subordinated notes issued to capital trusts	—			1,031
Unamortized discount	(26		)	(33		)
HSBC acquisition purchase accounting fair value adjustments	20			22
Total long-term debt	$	9,510		$	16,427

Schedule of Maturities of Long-term Debt

Maturities of long-term debt at December 31, 2015, including secured financings, are as follows:

	(in millions)
2016(1)	$	5,064
2017	1,525
2018	275
2019	186
2020	—
Thereafter	2,460
Total	$	9,510

⁽¹⁾  Weighted average interest rate on long-term debt maturing in 2016 is 3.975 percent.