v3.20.4
Long-Term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2020
Long-term Borrowings [Abstract]  
Schedule of Long-term Debt Instruments
Long-term borrowings at December 31 consist of the following:
20202019
 (In millions)
Regions Financial Corporation (Parent):
3.20% senior notes due February 2021$360 $358 
2.75% senior notes due August 2022— 997 
3.80% senior notes due August 2023997 996 
2.25% senior notes due April 2025744 — 
7.75% subordinated notes due September 2024100 100 
6.75% subordinated debentures due November 2025155 156 
7.375% subordinated notes due December 2037298 298 
Valuation adjustments on hedged long-term debt64 45 
2,718 2,950 
Regions Bank:
FHLB advances— 2,501 
2.75% senior notes due April 2021190 549 
3 month LIBOR plus 0.38% of floating rate senior notes due April 202166 350 
3.374% senior notes converting to 3 month LIBOR plus 0.50%, callable August 2020, due August 2021— 499 
3 month LIBOR plus 0.50% of floating rate senior notes, callable August 2020, due August 2021— 499 
6.45% subordinated notes due June 2037496 495 
Ascentium note securitizations97 — 
Other long-term debt2 32 
Valuation adjustments on hedged long-term debt— 4 
851 4,929 
Total consolidated$3,569 $7,879 
Schedule of Maturities of Long-term Debt
The aggregate amount of contractual maturities of all long-term debt in each of the next five years and thereafter is as follows:
 Year Ended December 31
 Regions
Financial
Corporation
(Parent)		Regions
Bank
 (In millions)
2021$360 $256 
2022— — 
20231,061 — 
2024100 40 
2025899 57 
Thereafter298 498 
$2,718 $851