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BORROWED FUNDS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of long-term borrowed funds | The following table presents a summary of the Company’s long-term borrowed funds:
(dollars in millions) | March 31, 2024 |  | December 31, 2023
Parent Company: |  |  |
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 | 499 |  |  | 499 |
5.841% fixed/floating-rate senior unsecured notes, due January 2030 | 1,244 |  |  | — |
2.500% fixed-rate senior unsecured notes, due February 2030 | 298 |  |  | 298 |
3.250% fixed-rate senior unsecured notes, due April 2030 | 747 |  |  | 746 |
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 | 60 |  |  | 60 |
2.638% fixed-rate subordinated debt, due September 2032 | 565 |  |  | 563 |
5.641% fixed-rate reset subordinated debt, due May 2037 | 398 |  |  | 398 |
CBNA’s Global Note Program: |  |  |
2.250% senior unsecured notes, due April 2025 | 749 |  |  | 749 |
4.119% fixed/floating-rate senior unsecured notes, due May 2025 | 650 |  |  | 649 |
6.064% fixed/floating-rate senior unsecured notes, due October 2025 | 599 |  |  | 599 |
5.284% fixed/floating-rate senior unsecured notes, due January 2026 | 350 |  |  | 349 |
3.750% senior unsecured notes, due February 2026 | 480 |  |  | 483 |
4.575% fixed/floating-rate senior unsecured notes, due August 2028 | 798 |  |  | 798 |
Additional Borrowings by CBNA and Other Subsidiaries: |  |  |
Federal Home Loan Bank advances, 5.499% weighted average rate, due through 2043(1) | 2,036 |  |  | 3,786 |
Secured borrowings, 5.479% weighted average rate, due through 2030(1)(2) | 3,530 |  |  | 2,692 |
Other | 21 |  |  | 18 |
Total long-term borrowed funds | $13,804 |  |  | $13,467 |
(1) Rate disclosed reflects the weighted average rate as of March 31, 2024. (2) Collateralized by auto loans. See Note 6 for additional information.
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 March 31, 2024:
(dollars in millions) | Parent Company | CBNA and Other Subsidiaries | Consolidated
Year |  |  |
2024 | $107 |  | $— |  | $107 |
2025 | 469 |  | 4,193 |  | 4,662 |
2026 | 499 |  | 2,472 |  | 2,971 |
2027 | — |  | 9 |  | 9 |
2028 | — |  | 2,218 |  | 2,218 |
2029 and thereafter | 3,516 |  | 321 |  | 3,837 |
Total | $4,591 |  | $9,213 |  | $13,804 |

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