Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 446

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 446
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atives not subject to master netting arrangement or similar arrangement78 — 78 — 78 Exchange traded derivatives1,147 (565)582 — 582 Total derivative assets$2,824 $(1,858)$966 $— $966 Derivative liabilities:Derivatives subject to master netting arrangement or similar arrangement$(3,379)$1,849 $(1,530)$94 $(1,436)Derivatives not subject to master netting arrangement or similar arrangement(752)— (752)— (752)Exchange traded derivatives(569)565 (4)— (4)Total derivative liabilities$(4,700)$2,414 $(2,286)$94 $(2,192)December 31, 2023(Dollars in millions)Gross AmountAmount OffsetNet Amount in Consolidated Balance SheetsHeld/Pledged Financial InstrumentsNet AmountDerivative assets:Derivatives subject to master netting arrangement or similar arrangement$1,775 $(1,392)$383 $— $383 Derivatives not subject to master netting arrangement or similar arrangement97 — 97 — 97 Exchange traded derivatives956 (485)471 — 471 Total derivative assets$2,828 $(1,877)$951 $— $951 Derivative liabilities:Derivatives subject to master netting arrangement or similar arrangement$(3,627)$1,600 $(2,027)$151 $(1,876)Derivatives not subject to master netting arrangement or similar arrangement(568)— (568)— (568)Exchange traded derivatives(487)485 (2)— (2)Total derivative liabilities$(4,682)$2,085 $(2,597)$151 $(2,446)The following table presents the carrying value of hedged items in fair value hedging relationships:December 31, 2024December 31, 2023Hedge Basis AdjustmentHedge Basis Adjustment(Dollars in millions)Hedged Asset / Liability BasisItems Currently DesignatedDiscontinued HedgesHedged Asset / Liability BasisItems Currently DesignatedDiscontinued HedgesAFS securities(1)(2)$38,428 $(503)$15 $51,782 $6 $(5)Loans and leases297 — 5 322 — 7 Long-term debt29,469 (121