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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
The following table presents a summary of short-term borrowings:
December 31,
(Dollars in millions)		20202019
Federal funds purchased$79 $259 
Securities sold under agreements to repurchase1,221 1,969 
FHLB advances2,649 13,480 
Collateral in excess of derivative exposures
385 682 
Master notes621 493 
Other short-term borrowings1,137 1,335 
Total short-term borrowings$6,092 $18,218 
Schedule of Long-Term Debt, Interest Rates and Maturity Dates
The following table presents a summary of long-term debt:
20202019
December 31,
(Dollars in millions)		Stated RateEffective Rate (1)Carrying AmountCarrying Amount
MaturityMinMax
Truist Financial Corporation:
Fixed rate senior notes2021to20301.13 %6.00 %2.52 %$15,984 $14,431 
Floating rate senior notes202120220.43 0.88 0.64 900 1,749 
Fixed rate subordinated notes (2)202220293.88 6.00 3.78 1,283 1,227 
Capital notes202720280.87 1.21 1.69 615 611 
Structured notes (3)20212026108 112 
Truist Bank:
Fixed rate senior notes202120251.25 4.05 2.10 11,907 11,560 
Floating rate senior notes202220370.80 0.83 0.70 1,567 1,554 
Fixed rate subordinated notes (2)202520302.25 3.80 3.03 5,142 3,872 
FHLB advances
20212034— 5.36 5.32 878 4,141 
Other long-term debt (4)1,014 1,133 
Nonbank subsidiaries:
Other long-term debt (5)199 949 
Total long-term debt$39,597 $41,339 
(1)Includes the impact of debt issuance costs and purchase accounting, and excludes hedge accounting impacts.
(2)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.
(3)Consist of notes with various terms that include fixed or floating rate interest, or returns that are linked to an equity index.
(4)Includes finance leases, tax credit investments, and other.
(5)Includes debt associated with structured real estate leases.
Schedule of Future Maturities of Long-term Debt
The following table presents future debt maturities:
Year Ended December 31,
(Dollars in millions)		20212022202320242025Thereafter
Future debt maturities (1)$5,373 $9,236 $5,139 $5,309 $5,797 $8,748