Long-Term Debt

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

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

	Jun 30, 2019											Dec 31, 2018
				Stated Rate				Effective Rate		Carrying Amount		Carrying Amount
(Dollars in millions)	Maturity			Min		Max
BB&T Corporation:
Fixed rate senior notes	2020	to	2025	2.05	%	5.38	%	2.91	%	$	10,675	$	10,408
Floating rate senior notes	2020		2022	2.80		3.31		3.08		1,948		2,398
Fixed rate subordinated notes	2019		2029	3.88		5.25		2.50		1,586		903
Branch Bank:
Fixed rate senior notes	2020		2022	2.10		2.85		2.54		3,449		4,895
Floating rate senior notes	2020		2020	2.74		3.05		3.01		900		1,149
Fixed rate subordinated notes	2025		2026	3.63		3.80		3.09		2,178		2,075
FHLB advances (1)	2019		2034	—		5.50		2.77		1,743		1,749
Other long-term debt										161		132
Total long-term debt										$	22,640	$	23,709

(1) FHLB advances had a weighted average maturity of 3.5 years at June 30, 2019.

The effective rates above reflect the impact of fair value hedges and debt 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 the third quarter of 2019, BB&T issued $1.0 billion in fixed rate medium term notes with a maturity date of 2024.