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BORROWINGS (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Borrowings | Long-term borrowings at June 30, 2024 and December 31, 2023 include: Long-term Borrowings
dollars in millions | Maturity |  | June 30, 2024 |  | December 31, 2023
Parent Company: |  |  |  |  |
Subordinated: |  |  |  |  |
Fixed-to-Floating subordinated notes at 3.375% | March 2030 |  | $ | 350 |  |  | $ | 350 |
Junior subordinated debentures (FCB/SC Capital Trust II)(1) | June 2034 |  | — |  |  | 20 |
Subsidiaries: |  |  |  |  |
Senior: |  |  |  |  |
Senior unsecured fixed-to-floating rate notes at 2.969% | September 2025(3) |  | 315 |  |  | 316 |
Fixed senior unsecured notes at 6.00% | April 2036 |  | 51 |  |  | 51 |
Subordinated: |  |  |  |  |
Fixed subordinated notes at 6.125% | March 2028 |  | 400 |  |  | 404 |
Fixed-to-Fixed subordinated notes at 4.125% | November 2029 |  | 100 |  |  | 100 |
Junior subordinated debentures (SCB Capital Trust I)(1) | April 2034 |  | — |  |  | 10 |
Secured: |  |  |  |  |
Purchase Money Note to FDIC fixed at 3.50% (2) | March 2028 |  | 35,991 |  |  | 36,072 |
Capital lease obligations | Maturities through May 2057 |  | 8 |  |  | 9 |
Unamortized purchase accounting adjustments |  |  | (143) |  |  | (163) |
Total long-term borrowings |  |  | $ | 37,072 |  |  | $ | 37,169 |
(1) The borrowings were called during the first quarter of 2024, resulting in a $2 million loss on extinguishment of debt for the six months ended June 30, 2024. (2) Issued in connection with the SVBB Acquisition and secured by collateral. See Note 2—Business Combinations and Note 4—Loans and Leases. (3) Includes a callable feature one year prior to maturity.

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