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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Short-term Debt The following table presents a summary of short-term borrowings:
December 31,
(Dollars in millions)		20212020
Federal funds purchased$— $79 
Securities sold under agreements to repurchase2,435 1,221 
FHLB advances— 2,649 
Collateral in excess of derivative exposures
318 385 
Master notes808 621 
Securities sold short1,731 1,115 
Other short-term borrowings— 22 
Total short-term borrowings$5,292 $6,092 
Schedule of Long-Term Debt, Interest Rates and Maturity Dates
The following table presents a summary of long-term debt:
20212020
December 31,
(Dollars in millions)		Stated RateEffective Rate (1)Carrying AmountCarrying Amount
MaturityMinMax
Truist Financial Corporation:
Fixed rate senior notes2022to20300.45 %6.00 %2.32 %$14,269 $15,984 
Floating rate senior notes202220220.78 0.78 0.78 350 900 
Fixed rate subordinated notes (2)202220293.88 6.00 3.78 1,254 1,283 
Capital notes (2)202720280.82 1.11 1.64 620 615 
Structured notes (3)2023202311 108 
Truist Bank:
Fixed rate senior notes202220250.25 4.05 1.78 10,794 11,907 
Floating rate senior notes202220230.75 0.78 0.66 1,150 1,567 
Fixed rate subordinated notes (2)202520302.25 3.80 3.02 5,043 5,142 
FHLB advances
20232034— 5.36 5.34 863 878 
Other long-term debt (4)1,263 1,014 
Nonbank subsidiaries:
Other long-term debt (5)296 199 
Total long-term debt$35,913 $39,597 
(1)Includes the impact of debt issuance costs and purchase accounting, and excludes hedge accounting impacts.
(2)Subordinated and capital 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 debt associated with 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:
(Dollars in millions)20222023202420252026Thereafter
Future debt maturities (1)$6,360 $5,096 $6,508 $6,756 $2,717 $8,479