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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Summary of the Bancorp's Long-Term Borrowings
The following table is a summary of the Bancorp’s long-term borrowings at December 31:
($ in millions)MaturityInterest Rate20202019
Parent Company
Senior:
Fixed-rate notes20202.875%$— 1,099 
Floating-rate notes(b)
20210.70%250 250 
Fixed-rate notes20222.60%699 699 
Fixed-rate notes20223.50%499 499 
Fixed-rate notes20231.625%498 — 
Fixed-rate notes20243.65%1,494 1,493 
Fixed-rate notes20252.375%747 746 
Fixed-rate notes20272.55%746 — 
Fixed-rate notes20283.95%647 646 
Subordinated:(a)
Fixed-rate notes20244.30%748 748 
Fixed-rate notes20388.25%1,433 1,333 
Subsidiaries
Senior:
Fixed-rate notes20202.20%— 752 
 Floating-rate notes(c)
20202.186%— 300 
Fixed-rate notes20212.25%1,249 1,249 
Fixed-rate notes20212.875%849 848 
Fixed-rate notes20213.35%506 508 
 Floating-rate notes(b)
20210.655%300 299 
 Floating-rate notes(b)
20220.854%300 299 
Fixed-rate notes20231.80%648 — 
Fixed-rate notes20253.95%836 797 
Fixed-rate notes20272.25%598 — 
Subordinated:(a)
Fixed-rate bank notes20263.85%748 748 
Fixed-rate bank notes20274.00%172 171 
Junior subordinated:
 Floating-rate debentures(b)
20351.73%-1.91%54 53 
FHLB advances2021-20470.05%-5.9167 91 
Notes associated with consolidated VIEs:
Automobile loan securitizations:
Fixed-rate notes2022-20261.80%-2.69%623 1,147 
Floating-rate notes(b)
20220.33%— 42 
Other2021-2041Varies262 153 
Total$14,973 14,970 
(a)In aggregate, $2.8 billion and $2.7 billion qualifies as Tier II capital for regulatory capital purposes for the years ended December 31, 2020 and 2019, respectively.
(b)These rates reflect the floating rates as of December 31, 2020.
(c)These rates reflect the floating rates as of December 31, 2019.
Schedule of Long-term Debt Maturities
The Bancorp pays down long-term debt in accordance with contractual terms over maturity periods summarized in the previous table. The aggregate annual maturities of long-term debt obligations (based on final maturity dates) as of December 31, 2020 are presented in the following table:
($ in millions)ParentSubsidiariesTotal
2021$250 2,912 3,162 
20221,198 325 1,523 
2023498 1,143 1,641 
20242,242 98 2,340 
2025747 910 1,657 
Thereafter2,826 1,824 4,650 
Total$7,761 7,212 14,973