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Medium- And Long-Term Debt | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Medium- And Long-Term Debt | MEDIUM- AND LONG-TERM DEBT Medium- and long-term debt is summarized as follows:
(in millions) | June 30, 2022 |  | December 31, 2021
Parent company |  |  |
Subordinated notes: |  |  |
3.80% subordinated notes due 2026 (a) | $ | 246 |  |  | $ | 265 |
Medium- and long-term notes: |  |  |
3.70% notes due July 2023(a) | 847 |  |  | 877 |
4.00% notes due 2029 (a) | 538 |  |  | 594 |
Total medium- and long-term notes | 1,385 |  |  | 1,471 |
Total parent company | 1,631 |  |  | 1,736 |
Subsidiaries |  |  |
Subordinated notes: |  |  |
4.00% subordinated notes due 2025 (a) | 341 |  |  | 363 |
7.875% subordinated notes due 2026 (a) | 174 |  |  | 190 |
Total subordinated notes | 515 |  |  | 553 |
Medium- and long-term notes: |  |  |
2.50% notes due 2024 (a) | 484 |  |  | 507 |
Total medium- and long-term notes | 484 |  |  | 507 |
Total subsidiaries | 999 |  |  | 1,060 |
Total medium- and long-term debt | $ | 2,630 |  |  | $ | 2,796 |
(a)The fixed interest rates on these notes have been swapped to a variable rate and designated in a hedging relationship. Accordingly, carrying value has been adjusted to reflect the change in the fair value of the debt as a result of changes in the benchmark rate. Subordinated notes with remaining maturities greater than one year qualify as Tier 2 capital. Comerica Bank (the Bank), a wholly-owned subsidiary of the Corporation, is a member of the FHLB, which provides short-and long-term funding to its members through advances collateralized by real estate-related assets. Borrowing capacity is contingent on the amount of collateral available to be pledged to the FHLB. At June 30, 2022, $18.1 billion of real estate-related loans and $1.3 billion of investment securities were pledged to the FHLB as collateral with capacity for potential future borrowings of approximately $10.5 billion. Unamortized debt issuance costs deducted from the carrying amount of medium- and long-term debt totaled $6 million and $7 million at June 30, 2022 and December 31, 2021, respectively.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
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