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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Components of Short-Term Borrowings | The following table presents a summary of our short-term borrowings:
December 31, |  |  |
Dollars in millions | 2025 | 2024 |
Federal funds purchased | $ | — |  | $ | — |  |
Securities sold under repurchase agreements | 13 |  | 14 |  |
Other short-term borrowings | 1,071 |  | 2,130 |  |
Schedule of Components of Long-Term Debt | The following table presents the contractual rates and maturity dates of our long-term debt as of December 31, 2025 and the carrying values as of December 31, 2025 and December 31, 2024. We use interest rate swaps and caps, which modify the repricing characteristics of certain long-term debt, to manage interest rate risk. For more information about such financial instruments, see Note 7 (“Derivatives and Hedging Activities”).
December 31, | Stated Rate | Maturity | Carrying Value
Dollars in millions | 2025 | 2025 | 2025 | 2024
Parent Company |  |  |  |
Senior notes | 2.25% - 6.40% | 2027 - 2035 | $ | 4,659 |  | $ | 4,251 |
Junior subordinated debentures | 4.99% - 7.75% | 2028 - 2037 | 447 |  | 444 |
Other variable rate notes |  |  | — |  | 599 |
Total parent company |  |  | $ | 5,106 |  | $ | 5,294 |
Subsidiaries |  |  |  |
Senior notes | 3.97% - 5.85% | 2027 - 2039 | $ | 2,229 |  | $ | 4,540 |
Subordinated notes | 3.40% - 6.95% | 2026 - 2032 | 1,932 |  | 1,869 |
Federal Home Loan Bank advances | 1.39% - 7.36% | 2026 - 2042 | 560 |  | 79 |
Other long-term debt(a) |  |  | 90 |  | 112 |
Revolving loans |  |  | — |  | 211 |
Total subsidiaries |  |  | $ | 4,811 |  | $ | 6,811 |
Total long-term debt |  |  | $ | 9,917 |  | $ | 12,105 |
(a)Includes debt associated with secured borrowings, investment fund financing, and capital lease obligations.
Schedule of Scheduled Principal Payments on Long-Term Debt | At December 31, 2025, scheduled principal payments on long-term debt were as follows:
Dollars in millions | Parent | Subsidiaries | Total
2026 | $ | — |  | $ | 1,111 |  | $ | 1,111 |
2027 | 771 |  | 1,275 |  | 2,046 |
2028 | 903 |  | 307 |  | 1,210 |
2029 | 881 |  | 345 |  | 1,226 |
2030 | — |  | 15 |  | 15 |
All subsequent years | 2,551 |  | 1,758 |  | 4,309 |

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