Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2016

Long-Term Debt

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)	Maturity	Interest Rate		2016	2015(d)
Parent Company
Senior:
Fixed-rate notes	2016	3.625%	$	-	1,000
Fixed-rate notes	2019	2.30%		499	498
Fixed-rate notes	2020	2.875%		1,096	1,094
Fixed-rate notes	2022	3.50%		497	496
Subordinated:(a)
Floating-rate notes(c)	2016	0.99%		-	250
Fixed-rate notes	2017	5.45%		501	520
Fixed-rate notes	2018	4.50%		519	532
Fixed-rate notes	2024	4.30%		746	746
Fixed-rate notes	2038	8.25%		1,312	1,320
Subsidiaries
Senior:
Fixed-rate notes	2016	1.15%		-	999
Fixed-rate notes	2016	0.90%		-	400
Floating-rate notes(c)	2016	0.87%		-	749
Floating-rate notes(c)	2016	0.82%		-	300
Fixed-rate notes	2017	1.35%		650	652
Fixed-rate notes	2018	2.15%		997	996
Fixed-rate notes	2018	1.45%		598	597
Floating-rate notes(c)	2018	1.82%		250	250
Fixed-rate notes	2019	2.375%		849	848
Fixed-rate notes	2019	2.30%		748	-
Fixed-rate notes	2019	1.625%		737	-
Floating-rate notes(c)	2019	1.59%		249	-
Fixed-rate notes	2021	2.25%		1,246	-
Fixed-rate notes	2021	2.875%		845	844
Subordinated:(a)
Fixed-rate bank notes	2026	3.85%		746	-
Junior subordinated:(b)
Floating-rate debentures(c)	2035	2.38% - 2.65%		52	52
FHLB advances	2017 - 2041	0.05% - 6.87%		33	37
Notes associated with consolidated VIEs:
Automobile loan securitizations:
Fixed-rate notes	2018 - 2022	0.68% - 1.79%		1,061	2,301
Floating-rate notes(c)	2018	1.25%		33	186
Other	2017 - 2039	Varies		124	143
Total			$	14,388	15,810

• In aggregate, $2.7billion and $2.4 billion qualifies as Tier II capital for regulatory capital purposes as of December, 31 2016 and 2015, respectively.
• Under the Basel III Final Rule transition provisions, $0 and $13 qualified as Tier I capital as of December 31, 2016 and 2015, respectively, while the remaining amounts as of December 31, 2016 and 2015 qualify as Tier II capital. Refer to Note 28 for further information.
• These rates reflect the floating rates as of December 31, 2016.
• Upon adoption of ASU 2015-03 on January 1, 2016, the December 31, 2015 Consolidated Balance Sheet was adjusted to reflect the reclassification of $34 of debt issuance costs from other assets to long-term debt. For further information refer to Note 1.

Schedule Of Long Term Debt Maturities

The Bancorp pays down long-term debt in accordance with contractual terms over maturity periods summarized in the above table. The aggregate annual maturities of long-term debt obligations (based on final maturity dates) as of December 31, 2016arepresented in the following table:

($ in millions)		Parent	Subsidiaries	Total
2017	$	501	655	1,156
2018		519	2,124	2,643
2019		499	2,782	3,281
2020		1,096	547	1,643
2021		-	2,196	2,196
Thereafter		2,555	914	3,469
Total	$	5,170	9,218	14,388