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BORROWED FUNDS (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt Disclosure [Abstract] |
Schedule of long-term borrowed funds | The following table presents a summary of the Company’s long-term borrowed funds:
(in millions) | September 30, 2021 |  | December 31, 2020
Parent Company: |  |  |
2.375% fixed-rate senior unsecured debt, due July 2021(1) | $— |  |  | $350 |
4.150% fixed-rate subordinated debt, due September 2022(2) | 168 |  |  | 182 |
3.750% fixed-rate subordinated debt, due July 2024(2) | 90 |  |  | 159 |
4.023% fixed-rate subordinated debt, due October 2024(2) | 17 |  |  | 25 |
4.350% fixed-rate subordinated debt, due August 2025(2) | 133 |  |  | 193 |
4.300% fixed-rate subordinated debt, due December 2025(2) | 336 |  |  | 450 |
2.850% fixed-rate senior unsecured notes, due July 2026 | 497 |  |  | 497 |
2.500% fixed-rate senior unsecured notes, due February 2030 | 298 |  |  | 297 |
3.250% fixed-rate senior unsecured notes, due April 2030 | 745 |  |  | 745 |
3.750% fixed-rate reset subordinated debt, due February 2031(2) | 69 |  |  | — |
4.300% fixed-rate reset subordinated debt, due February 2031(2) | 135 |  |  | — |
4.350% fixed-rate reset subordinated debt, due February 2031(2) | 61 |  |  | — |
2.638% fixed-rate subordinated debt, due September 2032 | 548 |  |  | 543 |
CBNA’s Global Note Program: |  |  |
2.550% senior unsecured notes, due May 2021 | — |  |  | 1,003 |
3.250% senior unsecured notes, due February 2022 | 704 |  |  | 716 |
0.845% floating-rate senior unsecured notes, due February 2022(3) | 300 |  |  | 299 |
0.932% floating-rate senior unsecured notes, due May 2022(3) | 250 |  |  | 250 |
2.650% senior unsecured notes, due May 2022 | 505 |  |  | 510 |
3.700% senior unsecured notes, due March 2023 | 517 |  |  | 527 |
1.082% floating-rate senior unsecured notes, due March 2023(3) | 250 |  |  | 249 |
2.250% senior unsecured notes, due April 2025 | 746 |  |  | 746 |
3.750% senior unsecured notes, due February 2026 | 533 |  |  | 551 |
Additional Borrowings by CBNA and Other Subsidiaries: |  |  |
Federal Home Loan Bank advances, 0.864% weighted average rate, due through 2041 | 19 |  |  | 19 |
Other | 26 |  |  | 35 |
Total long-term borrowed funds | $6,947 |  |  | $8,346 |
(1) Notes were redeemed on June 28, 2021. (2) September 30, 2021 balances reflect the February 2021 completion of $265 million in private exchange offers for five series of outstanding subordinated notes whereby participants received newly issued 3.750%, 4.300%, and 4.350% fixed-rate reset subordinated notes due 2031 which are redeemable by the Company five years prior to their maturity. (3) Rate disclosed reflects the floating rate as of September 30, 2021.
Schedule of maturities of long-term borrowed funds | The following table presents a summary of maturities for the Company’s long-term borrowed funds at September 30, 2021:
(in millions) | Parent Company | CBNA and Other Subsidiaries | Consolidated
Year |  |  |
2021 | $— |  | $4 |  | $4 |
2022 | 168 |  | 1,765 |  | 1,933 |
2023 | — |  | 768 |  | 768 |
2024 | 107 |  | — |  | 107 |
2025 | 469 |  | 760 |  | 1,229 |
2026 and thereafter | 2,353 |  | 553 |  | 2,906 |
Total | $3,097 |  | $3,850 |  | $6,947 |

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