XML 142 R18.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Borrowings
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Debt Disclosure Borrowings
The following table presents a summary of short-term borrowings:
December 31,
(Dollars in millions)		20192018
Carrying AmountInterest RateCarrying AmountInterest Rate
Federal funds purchased$259  1.48 %$—  — %
Securities sold under agreements to repurchase1,969  1.41  251  1.59  
FHLB advances13,480  1.87  4,525  2.55  
Dealer collateral682  1.55  —  —  
Master notes493  0.94  —  —  
Other short-term borrowings1,335  0.44  402  1.67  
Total short-term borrowings$18,218  1.67  $5,178  2.45  

The following table presents a summary of long-term debt:
20192018
December 31,
(Dollars in millions)		Stated RateEffective RateCarrying AmountCarrying Amount
MaturityMinMax
Truist Financial Corporation:
Fixed rate senior notes2020to20282.05 %6.00 %2.25 %$14,431  $10,408  
Floating rate senior notes202020222.13  2.75  2.65  1,749  2,398  
Fixed rate subordinated notes202220293.88  6.00  3.11  1,227  903  
Capital Notes202720282.54  3.08  3.61  611  —  
Structured Notes (1)20212026112  —  
Truist Bank:
Fixed rate senior notes202020372.13  4.05  2.36  11,560  4,895  
Floating rate senior notes202020222.13  2.49  2.31  1,554  1,149  
Fixed rate subordinated notes202020292.64  5.40  2.89  3,872  2,075  
FHLB advances (2)
20202034—  5.36  2.08  4,141  1,749  
Other long-term debt (3)1,133  132  
Nonbank subsidiaries:
Other long-term debt (4)949  —  
Total long-term debt$41,339  $23,709  
(1) Consist of notes with various terms that include fixed or floating rate interest, or returns that are linked to an equity index.
(2) FHLB advances had a weighted average maturity of 1.8 years at December 31, 2019.
(3) Includes finance leases, tax credit investments, and other.
(4) Includes Debt associated with structured real estate leases.
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.
The following table presents future debt maturities:
Year Ended December 31,Thereafter
(Dollars in millions)20202021202220232024
Future debt maturities (1)$6,393  $6,781  $9,092  $3,270  $5,239  $10,587  
(1) Amounts exclude imputed interest of $23 million related to finance leases.