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BORROWED FUNDS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of short-term borrowed funds | The following table presents a summary of the Company’s short-term borrowed funds:
| December 31,
(in millions) | 2022 |  | 2021
Securities sold under agreements to repurchase | $— |  |  | $1 |
Other short-term borrowed funds | 3 |  |  | 73 |
Total short-term borrowed funds | $3 |  |  | $74 |
Schedule of long-term borrowed funds | The following table presents a summary of the Company’s long-term borrowed funds:
| December 31,
(in millions) | 2022 |  | 2021
Parent Company: |  |  |
4.150% fixed-rate subordinated debt, due September 2022 | $— |  |  | $168 |
3.750% fixed-rate subordinated debt, due July 2024 | 90 |  |  | 90 |
4.023% fixed-rate subordinated debt, due October 2024 | 17 |  |  | 17 |
4.350% fixed-rate subordinated debt, due August 2025 | 133 |  |  | 133 |
4.300% fixed-rate subordinated debt, due December 2025 | 336 |  |  | 336 |
2.850% fixed-rate senior unsecured notes, due July 2026 | 498 |  |  | 498 |
2.500% fixed-rate senior unsecured notes, due February 2030 | 298 |  |  | 298 |
3.250% fixed-rate senior unsecured notes, due April 2030 | 746 |  |  | 745 |
3.750% fixed-rate reset subordinated debt, due February 2031 | 69 |  |  | 69 |
4.300% fixed-rate reset subordinated debt, due February 2031 | 135 |  |  | 135 |
4.350% fixed-rate reset subordinated debt, due February 2031 | 61 |  |  | 60 |
2.638% fixed-rate subordinated debt, due September 2032 | 556 |  |  | 550 |
5.641% fixed-rate reset subordinated debt, due May 2037 | 397 |  |  | — |
CBNA’s Global Note Program: |  |  |
3.250% senior unsecured notes, due February 2022 | — |  |  | 700 |
0.845% floating-rate senior unsecured notes, due February 2022(1) | — |  |  | 300 |
1.318% floating-rate senior unsecured notes, due May 2022(1) | — |  |  | 250 |
2.650% senior unsecured notes, due May 2022 | — |  |  | 503 |
3.700% senior unsecured notes, due March 2023 | 497 |  |  | 512 |
5.676% floating-rate senior unsecured notes, due March 2023(1) | 250 |  |  | 250 |
2.250% senior unsecured notes, due April 2025 | 748 |  |  | 746 |
4.119% fixed/floating-rate senior unsecured notes, due May 2025 | 648 |  |  | — |
6.064% fixed/floating-rate senior unsecured notes, due October 2025 | 598 |  |  | — |
3.750% senior unsecured notes, due February 2026 | 475 |  |  | 524 |
4.575% fixed/floating-rate senior unsecured notes, due August 2028 | 797 |  |  | — |
Additional Borrowings by CBNA and Other Subsidiaries: |  |  |
Federal Home Loan Bank advances, 4.283% weighted average rate, due through 2041(2) | 8,519 |  |  | 19 |
Other | 19 |  |  | 29 |
Total long-term borrowed funds | $15,887 |  |  | $6,932 |
(1) Rate disclosed reflects the floating rate as of December 31, 2022, or final floating rate as applicable. (2) Rate disclosed reflects the weighted average rate as of December 31, 2022.
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 December 31, 2022:
(in millions) | Parent Company | CBNA and Other Subsidiaries | Consolidated
Year |  |  |
2023 | $— |  | $751 |  | $751 |
2024 | 107 |  | 8,501 |  | 8,608 |
2025 | 469 |  | 2,008 |  | 2,477 |
2026 | 498 |  | 475 |  | 973 |
2027 | — |  | 1 |  | 1 |
2028 and thereafter | 2,262 |  | 815 |  | 3,077 |
Total | 3,336 |  | 12,551 |  | 15,887 |

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