Quarterly report pursuant to Section 13 or 15(d)

BORROWINGS

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BORROWINGS
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
BORROWINGS BORROWINGS
Borrowings with original maturities of one year or less are classified as short-term and were comprised of the following:
(dollar amounts in millions) At March 31, 2024 At December 31, 2023
Securities sold under agreements to repurchase
 $ 134  $ 618 
Other borrowings 48  2 
Total short-term borrowings $ 182  $ 620 
The carrying value of assets pledged as collateral against repurchase agreements totaled $156 million and $840 million as of March 31, 2024 and December 31, 2023, respectively. Assets pledged as collateral are reported in available-for-sale securities and held-to-maturity securities on the Unaudited Consolidated Balance Sheets. The repurchase agreements have maturities within 60 days. No amounts have been offset against the agreements.
Huntington’s long-term debt consisted of the following:
(dollar amounts in millions) At March 31, 2024 At December 31, 2023
The Parent Company:
Senior Notes $ 5,423  $ 4,233 
Subordinated Notes 748  760 
Total notes issued by the parent 6,171  4,993 
The Bank:
Senior Notes 3,452  3,480 
Subordinated Notes 661  662 
Total notes issued by the bank 4,113  4,142 
FHLB Advances
 2,699  2,731 
Auto Loan Securitization Trust (1)
 1,401  — 
Other 510  528 
Total long-term debt $ 14,894  $ 12,394 
(1)     Represents secured borrowings collateralized by auto loans with a weighted average rate of 5.38% due through 2029. See Note 14 - “Variable Interest Entities” for additional information.