| Schedule of short-term debt |
Borrowings with original maturities of one year or less are classified as short-term and were comprised of the following: | | | | | | | | | | | | | (dollars in millions) | March 31, 2026 | | December 31, 2025 | | | | | | | | | Other short-term borrowed funds(1) | $54 | | | $58 | | | Total short-term borrowed funds | $54 | | | $58 | |
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| 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, 2026 | | December 31, 2025 | | Parent Company: | | | | 2.850% fixed-rate senior unsecured notes, due July 2026 | $500 | | | $500 | | 5.841% fixed/floating-rate senior unsecured notes, due January 2030 | 1,246 | | | 1,246 | | 2.500% fixed-rate senior unsecured notes, due February 2030 | 299 | | | 299 | | 3.250% fixed-rate senior unsecured notes, due April 2030 | 748 | | | 747 | | 3.750% fixed-rate reset subordinated debt, due February 2031(1) | — | | | 69 | | 4.300% fixed-rate reset subordinated debt, due February 2031(1) | — | | | 135 | | 4.350% fixed-rate reset subordinated debt, due February 2031(1) | — | | | 60 | | 5.253% fixed/floating-rate senior unsecured notes, due March 2031 | 747 | | | 747 | | 5.718% fixed/floating-rate senior unsecured notes, due July 2032 | 1,244 | | | 1,244 | | 2.638% fixed-rate subordinated debt, due September 2032 | 578 | | | 577 | | 6.645% fixed/floating-rate senior unsecured notes, due April 2035 | 746 | | | 746 | | 5.299% fixed-reset subordinated notes, due January 2036 | 397 | | | — | | 5.641% fixed-rate reset subordinated debt, due May 2037 | 399 | | | 398 | | | CBNA’s Global Note Program: | | | | 4.575% fixed/floating-rate senior unsecured notes, due August 2028 | 799 | | | 799 | | 4.192% fixed/floating-rate senior unsecured notes, due January 2029 | 747 | | | — | | Additional Borrowings by CBNA and Other Subsidiaries: | | | | Federal Home Loan Bank advances, 3.951% weighted average rate, due through 2045(2) | 2,513 | | | 2,013 | | Secured borrowings, 5.548% weighted average rate, due through 2031(2)(3) | 1,279 | | | 1,625 | | | Other | 18 | | | 19 | | | Total long-term borrowed funds | $12,260 | | | $11,224 | |
(1) Notes were redeemed in February 2026. (2) Rate disclosed reflects the weighted average rate as of March 31, 2026. (3) Collateralized by loans. See Note 6 for additional information.
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