Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2018

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		2018	2017
Parent Company
Senior:
Fixed-rate notes	2019	2.30%	$	500	499
Fixed-rate notes	2020	2.875%		1,098	1,097
Floating-rate notes^(b)	2021	3.206%		250	-
Fixed-rate notes	2022	2.60%		698	697
Fixed-rate notes	2022	3.50%		498	497
Fixed-rate notes	2028	3.95%		646	-
Subordinated:^(a)
Fixed-rate notes	2018	4.50%		-	505
Fixed-rate notes	2024	4.30%		747	747
Fixed-rate notes	2038	8.25%		1,238	1,305
Subsidiaries
Senior:
Fixed-rate notes	2018	2.15%		-	996
Fixed-rate notes	2018	1.45%		-	600
Floating-rate notes	2018	2.35%		-	250
Fixed-rate notes	2019	2.375%		850	849
Fixed-rate notes	2019	2.30%		750	749
Fixed-rate notes	2019	1.625%		743	736
Floating-rate notes^(b)	2019	3.412%		250	250
Fixed-rate notes	2020	2.20%		742	744
Floating-rate notes^(b)	2020	2.770%		300	299
Fixed-rate notes	2021	2.25%		1,248	1,247
Fixed-rate notes	2021	2.875%		847	846
Fixed-rate notes	2021	3.35%		502	-
Floating-rate notes^(b)	2021	2.948%		299	-
Fixed-rate notes	2025	3.95%		764	-
Subordinated:^(a)
Fixed-rate bank notes	2026	3.85%		747	747
Junior subordinated:
Floating-rate debentures^(b)	2035	4.21%-4.48%		52	52
FHLB advances	2019 - 2041	0.05% - 6.87%		22	30
Notes associated with consolidated VIEs:
Automobile loan securitizations:
Fixed-rate notes	2020 - 2024	1.42%-2.03%		568	982
Floating-rate notes^(b)	2020	2.605%		11	75
Other	2019 - 2039	Varies		56	105
Total			$	14,426	14,904

In aggregate, $2.6 billion qualifies as Tier II capital for regulatory capital purposes for both years ended December, 31 2018 and 2017.
These rates reflect the floating rates as of December 31, 2018.

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, 2018 are presented in the following table:


($ in millions)		Parent	Subsidiaries	Total
2019	$	500	2,610	3,110
2020		1,098	1,105	2,203
2021		250	2,898	3,148
2022		1,196	461	1,657
2023		-	1	1
Thereafter		2,631	1,676	4,307
Total	$	5,675	8,751	14,426

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details