Long-Term Debt

The following table presents a summary of long-term debt:



	December 31, 2017											December 31, 2016
				Stated Rate				Effective Rate		Carrying		Carrying
(Dollars in millions)	Maturity			Min		Max		Effective Rate		Amount		Amount
BB&T Corporation:
Fixed rate senior notes	2018	to	2024	2.05	%	6.85	%	2.89	%	$	8,562	$	7,600
Floating rate senior notes	2018		2022	1.60		2.45		2.13		2,547		1,898
Fixed rate subordinated notes	2019		2022	3.95		5.25		1.98		933		1,338
Branch Bank:
Fixed rate senior notes	2018		2022	1.45		2.85		2.56		5,653		4,209
Floating rate senior notes	2019		2020	1.74		1.91		2.10		1,149		250
Fixed rate subordinated notes	2025		2026	3.63		3.80		3.58		2,119		2,138
Floating rate subordinated notes										—		262
FHLB advances (1)	2018		2034	—		5.50		1.49		2,480		4,118
Other long-term debt										205		152
Total long-term debt										$	23,648	$	21,965


(1)	FHLB advances had a weighted average maturity of 3.8 years at December 31, 2017.

The effective rates above reflect the impact of hedges and issuance costs. Subordinated notes with a remaining maturity of one year or greater qualify under the risk-based capital guidelines as Tier 2 supplementary capital, subject to certain limitations.

During 2017, BB&T terminated FHLB advances totaling $2.9 billion of par value, which resulted in a pre-tax loss on early extinguishment of debt totaling $392 million. During 2015, BB&T terminated FHLB advances totaling $931 million, which resulted in a pre-tax loss on early extinguishment of debt totaling $172 million.

The following table presents future debt maturities:



	Year Ended December 31,										Thereafter
(Dollars in millions)	2018		2019		2020		2021		2022		Thereafter
Future debt maturities	$	2,446	$	4,837	$	6,008	$	3,256	$	2,851	$	4,161