v3.26.1
BORROWED FUNDS (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
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)June 30, 2026December 31, 2025
Other short-term borrowed funds(1)
$1,159 $58 
Total short-term borrowed funds$1,159 $58 
(1) Consists primarily of FHLB advances and short positions held by the Company’s commercial broker dealer as of June 30, 2026, and short positions held by the Company’s commercial broker dealer as of December 31, 2025. See Note 8 for additional information regarding forward purchase contracts entered into to economically hedge short positions held by the Company’s commercial broker dealer.
Schedule of long-term borrowed funds
The following table presents a summary of the Company’s long-term borrowed funds:
(dollars in millions)June 30, 2026December 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
1,247 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
1,245 1,244 
2.638% fixed-rate subordinated debt, due September 2032
580 577 
6.645% fixed/floating-rate senior unsecured notes, due April 2035
746 746 
5.299% fixed-reset subordinated notes, due January 2036
398 — 
5.641% fixed-rate reset subordinated debt, due May 2037
398 398 
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
748 — 
Additional Borrowings by CBNA and Other Subsidiaries:
Federal Home Loan Bank advances, 3.968% weighted average rate, due through 2045(2)(3)
5,763 2,013 
Secured borrowings, 5.565% weighted average rate, due through 2031(2)(4)
955 1,625 
Other17 19 
Total long-term borrowed funds$15,190 $11,224 
(1) Notes were redeemed in February 2026.
(2) Rate disclosed reflects the weighted average rate as of June 30, 2026.
(3) Represents floating-rate advances that are prepayable without penalty if paid on the monthly interest rate-reset date.
(4) Collateralized by loans. See Note 6 for additional information.