Note 5. Long-term Debt
| X |
- Definition
This element may be used as a single block of text to encapsulate the entire disclosure for long-term borrowings including data and tables.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5
+ Details
| Name: |
us-gaap_LongTermDebtTextBlock |
| Namespace Prefix: |
us-gaap |
| Data Type: |
string |
| Balance Type: |
na |
| Period Type: |
duration |
|
|
NOTE
5. Long-Term Debt
|
|
|
|
|
|
Long-term
debt is summarized as follows:
|
|
|
|
June 30,
|
December 31,
|
|
|
|
2009
|
2008
|
|
|
|
(Dollars in millions)
|
|
Parent Company
|
|
|
|
|
|
5.70% Senior Notes Due 2014
|
$
|
509
|
$
|
-
|
|
6.85% Senior Notes Due 2019
|
|
538
|
|
-
|
|
6.50% Subordinated Notes Due 2011 (1)
|
|
609
|
|
648
|
|
4.75% Subordinated Notes Due 2012 (1,3)
|
|
489
|
|
497
|
|
5.20% Subordinated Notes Due 2015 (1,3)
|
|
932
|
|
997
|
|
4.90% Subordinated Notes Due 2017 (1,3)
|
|
335
|
|
368
|
|
5.25% Subordinated Notes Due 2019 (1,3)
|
|
586
|
|
600
|
|
|
|
Branch Bank
|
|
|
|
|
|
Floating Rate Senior Notes Due 2009 (8)
|
|
40
|
|
516
|
|
Floating Rate Subordinated Notes Due 2016
(1,8)
|
|
350
|
|
350
|
|
Floating Rate Subordinated Notes Due 2017
(1,8)
|
|
261
|
|
300
|
|
4.875% Subordinated Notes Due 2013 (1,3)
|
|
222
|
|
250
|
|
5.625% Subordinated Notes Due 2016 (1,3)
|
|
386
|
|
399
|
|
|
|
Federal Home Loan Bank Advances to Branch
Bank (4)
|
|
|
|
|
|
Varying maturities to 2028
|
|
9,864
|
|
9,838
|
|
|
|
Junior Subordinated Debt to Unconsolidated
Trusts (2)
|
|
|
|
|
|
5.85% BB&T Capital Trust I Securities Due
2035
|
|
514
|
|
514
|
|
6.75% BB&T Capital Trust II Securities Due
2036
|
|
598
|
|
598
|
|
6.82% BB&T Capital Trust IV Securities Due
2077 (5)
|
|
600
|
|
600
|
|
8.95% BB&T Capital Trust V Securities Due
2063 (6)
|
|
450
|
|
450
|
|
Other Securities (7)
|
|
182
|
|
182
|
|
|
|
Other Long-Term Debt
|
|
73
|
|
66
|
|
|
|
Fair value hedge-related basis
adjustments
|
|
572
|
|
859
|
|
|
|
|
|
Total Long-Term Debt
|
$
|
18,110
|
$
|
18,032
|
|
|
|
(1)
|
Subordinated notes that qualify under the
risk-based capital guidelines as Tier 2 supplementary
capital, subject to certain limitations.
|
|
(2)
|
Securities that qualify under the risk-based
capital guidelines as Tier 1 capital, subject to
certain limitations.
|
|
(3)
|
These fixed rate notes were swapped to floating
rates based on LIBOR. At June 30, 2009, the
effective rates paid on these borrowings ranged from .75%
to 1.74%.
|
|
(4)
|
At June 30, 2009, the weighted average cost of
these advances was 3.62% and the weighted
average maturity was 6.6 years.
|
|
(5)
|
These securities are fixed rate through June 12,
2037 and then switch to a floating rate based on
LIBOR.
|
|
(6)
|
$360 million of this issuance was swapped to a
floating rate based on LIBOR. At June 30, 2009
the effective rate on the swapped portion was
4.00%.
|
|
(7)
|
These securities were issued by companies
acquired by BB&T. At June 30, 2009, the effective
rate paid on these borrowings ranged from 3.02% to 10.07%.
These securities have varying maturities through
2035.
|
|
(8)
|
These floating-rate securities are based on
LIBOR and had an effective rate of .96% as of June
30, 2009.
|
|