Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

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		2017	2016
Parent Company
Senior:
Fixed-rate notes	2019	2.30%		499	499
Fixed-rate notes	2020	2.875%		1,097	1,096
Fixed-rate notes	2022	2.60%		697	-
Fixed-rate notes	2022	3.50%		497	497
Subordinated:(a)
Fixed-rate notes	2017	5.45%		-	501
Fixed-rate notes	2018	4.50%		505	519
Fixed-rate notes	2024	4.30%		747	746
Fixed-rate notes	2038	8.25%		1,305	1,312
Subsidiaries
Senior:
Fixed-rate notes	2017	1.35%		-	650
Fixed-rate notes	2018	2.15%		996	997
Fixed-rate notes	2018	1.45%		600	598
Floating-rate notes(b)	2018	2.35%		250	250
Fixed-rate notes	2019	2.375%		849	849
Fixed-rate notes	2019	2.30%		749	748
Fixed-rate notes	2019	1.625%		736	737
Floating-rate notes(b)	2019	2.26%		250	249
Fixed-rate notes	2020	2.20%		744	-
Floating-rate notes(b)	2020	1.63%		299	-
Fixed-rate notes	2021	2.25%		1,247	1,246
Fixed-rate notes	2021	2.875%		846	845
Subordinated:(a)
Fixed-rate bank notes	2026	3.85%		747	746
Junior subordinated:
Floating-rate debentures(b)	2035	3.01%-3.28%		52	52
FHLB advances	2018 - 2041	0.05% - 6.87%		30	33
Notes associated with consolidated VIEs:
Automobile loan securitizations:
Fixed-rate notes	2018 - 2024	1.30%-2.03%		982	1,061
Floating-rate notes(b)	2020	1.63%		75	33
Other	2018 - 2039	Varies		105	124
Total			$	14,904	14,388

• In aggregate, $2.6billion and $2.7 billion qualifies as Tier II capital for regulatory capital purposes as of December, 31 2017 and 2016, respectively.
• These rates reflect the floating rates as of December 31, 2017.

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, 2017arepresented in the following table:

($ in millions)		Parent	Subsidiaries	Total
2018	$	505	1,907	2,412
2019		499	2,600	3,099
2020		1,097	1,477	2,574
2021		-	2,195	2,195
2022		1,194	463	1,657
Thereafter		2,052	915	2,967
Total	$	5,347	9,557	14,904