Borrowings (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Short-term Debt

The following table presents a summary of short-term borrowings:

(Dollars in millions)	Mar 31, 2023		Dec 31, 2022
FHLB advances	$	18,900	$	18,900
Securities sold under agreements to repurchase	2,122		2,128
Securities sold short	1,789		1,551
Collateral in excess of derivative exposures	455		403
Master notes	310		370
Other short-term borrowings	102		70
Total short-term borrowings	$	23,678	$	23,422

Schedule of Long-Term Debt, Interest Rates and Maturity Dates

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

(Dollars in millions)	Mar 31, 2023		Dec 31, 2022
Truist Financial Corporation:
Fixed rate senior notes	$	16,059	$	14,107
Floating rate senior notes	999		999
Fixed rate subordinated notes(1)	1,895		1,882
Capital notes(1)	626		625
Structured notes(2)	12		12
Truist Bank:
Fixed rate senior notes	5,246		6,982
Floating rate senior notes	1,249		1,749
Fixed rate subordinated notes(1)	4,795		4,767
Fixed rate FHLB advances	2		2
Floating rate FHLB advances	37,800		10,800
Other long-term debt(3)	1,212		1,278
Total long-term debt	$	69,895	$	43,203

(1)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.

(2)Consist of notes with various terms that include fixed or floating rate interest or returns that are linked to an equity index.

(3)Includes debt associated with finance leases, tax credit investments, and other.