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Deposits and Borrowings (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Components of Deposits, Short-Term Borrowings and Long-Term Debt The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of December 31, 2025 and 2024. The carrying value presented below for these borrowings includes any unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments.
Table 9.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt
(Dollars in millions)December 31, 2025December 31, 2024
Deposits:
Non-interest bearing deposits
$27,385 $26,122 
Interest-bearing deposits(1)
448,386 336,585 
Total deposits
$475,771 $362,707 
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase$587 $562 
Short-term FHLB advances500 0 
Total short-term borrowings$1,087 $562 
 December 31, 2025December 31, 2024
(Dollars in millions)Maturity DatesStated Interest RatesWeighted-Average Interest RateCarrying ValueCarrying Value
Long-term debt:
Securitized debt obligations2026 - 2035
1.03% - 5.82%
3.61 %$12,853 $14,264 
Senior and subordinated notes:
Fixed unsecured senior debt(2)
2026-2036
1.65 - 7.96
5.0531,335 26,930 
Fixed unsecured subordinated debt2026-2036
2.36 - 6.18
4.594,666 3,766 
Total senior and subordinated notes36,001 30,696 
Other long-term borrowings
FHLB advances2026-2030
3.93 - 4.82
4.381,037 0 
Finance lease liabilities2026- 2030
3.74 - 9.91
5.6422 29 
Total other long-term borrowings$1,059 $29 
Total long-term debt$49,913 $44,989 
Total short-term borrowings and long-term debt$51,000 $45,551 
__________
(1)Some customers have time deposits in excess of the federal deposit insurance limit, making a portion of the deposit uninsured. As of December 31, 2025, the total time deposit amount with some portion in excess of the insured amount was $17.4 billion and the portion of total time deposits estimated to be uninsured was $12.9 billion. As of December 31, 2024, the total time deposit amount with some portion in excess of the insured amount was $15.2 billion and the portion of total time deposits estimated to be uninsured was $10.1 billion.
(2)Includes $544 million and $473 million of Euro (“EUR”) denominated unsecured notes as of December 31, 2025 and 2024, respectively.
The following table presents the carrying value of our interest-bearing time deposits with contractual maturities, securitized debt obligations and other debt by remaining contractual maturity as of December 31, 2025.
Table 9.2: Maturity Profile of Borrowings
(Dollars in millions)20262027202820292030ThereafterTotal
Interest-bearing time deposits
$82,948 $14,586 $4,590 $1,537 $602 $728 $104,991 
Securitized debt obligations5,468 1,539 2,653 847 1,277 1,069 12,853 
Federal funds purchased and securities loaned or sold under agreements to repurchase587 0 0 0 0 0 587 
Senior and subordinated notes2,953 5,307 4,376 3,297 4,547 15,521 36,001 
Other borrowings1,006 6 6 3 538 0 1,559 
Total$92,962 $21,438 $11,625 $5,684 $6,964 $17,318 $155,991