XML 84 R72.htm IDEA: XBRL DOCUMENT v3.8.0.1
Borrowings (Narrative) (Details)
3 Months Ended 9 Months Ended
Sep. 28, 2017
USD ($)
May 04, 2017
USD ($)
Apr. 18, 2017
USD ($)
Sep. 30, 2017
USD ($)
subsidiary
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
subsidiary
Sep. 30, 2016
USD ($)
Sep. 15, 2017
USD ($)
Apr. 04, 2017
USD ($)
Apr. 03, 2017
USD ($)
subsidiary
Feb. 28, 2017
USD ($)
Jan. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Debt Instrument [Line Items]                          
Tier 1 Capital minimum ratio       7.25%   7.25%             6.625%
Revolving credit facility, domestic operating subsidiary guarantors | subsidiary       8   8       9      
Revolving credit facility, minimum guarantor asset coverage ratio       1.25   1.25              
Revolving credit facility, available draw amount       $ 675,000,000   $ 675,000,000              
Debt repurchased   $ 4,840,000,000                      
Loss on debt extinguishment and deposit redemption       (53,500,000) $ (5,200,000) $ (218,300,000) $ (9,200,000)            
Additional premium to purchase price   $ 98,000,000                      
Senior unsecured notes, percent of purchase price to principal amount           101.00%              
Pledged assets       13,900,000,000   $ 13,900,000,000              
Pledged assets, loans       12,400,000,000   12,400,000,000              
Pledged assets, operating lease assets       1,200,000,000   1,200,000,000              
Pledged assets, cash       200,000,000   200,000,000              
Pledged assets, investments       100,000,000   100,000,000              
FHLB advances, financing availability       4,900,000,000   4,900,000,000              
FHLB advances, unused and available       1,700,000,000   1,700,000,000              
Secured borrowings       1,637,700,000   1,637,700,000             $ 1,925,700,000
Onewest Bank | Variable Interest Entities | HMBS Sensitizations                          
Debt Instrument [Line Items]                          
Secured borrowings       143,800,000   143,800,000             160,200,000
Revolving Credit Facility [Member]                          
Debt Instrument [Line Items]                          
Revolving credit facility, total commitment amount       750,000,000   750,000,000         $ 1,400,000,000.0 $ 1,500,000,000.0  
Revolving Credit Facility [Member] | CIT Commercial Air Business                          
Debt Instrument [Line Items]                          
Revolving credit facility, total commitment amount                 $ 750,000,000        
Revolving Credit Facility [Member] | CIT Commercial Air Business | Discontinued Operations, Disposed of by Sale                          
Debt Instrument [Line Items]                          
Revolving credit facility, total commitment amount                   $ 1,400,000,000.0      
Minimum consolidated net worth covenant                   $ 6,000,000,000      
Tier 1 Capital minimum ratio                 9.00%        
Letters of Credit                          
Debt Instrument [Line Items]                          
Revolving credit facility, available draw amount       75,000,000   75,000,000              
FHLB advances, utilized for issuance of letters of credit       65,900,000   65,900,000              
Discontinued Operations | Onewest Bank                          
Debt Instrument [Line Items]                          
Secured borrowings       $ 293,600,000   $ 293,600,000             $ 1,571,000,000
Maximum                          
Debt Instrument [Line Items]                          
Revolving credit facility, minimum guarantor asset coverage ratio       1.0   1.0              
Minimum                          
Debt Instrument [Line Items]                          
Revolving credit facility, minimum guarantor asset coverage ratio       1.5   1.5              
Senior unsecured notes, percent of purchase price to principal amount           98.00%              
Weighted Average                          
Debt Instrument [Line Items]                          
FHLB advances, weighted average percentage rate       1.44%   1.44%              
August 2017 - 4.250%                          
Debt Instrument [Line Items]                          
Percent of principal amounts redeemed   100.00%                      
Tender Offer                          
Debt Instrument [Line Items]                          
Principal amount repurchased $ 800,000,000                        
Debt repurchased 861,200,000                        
Unamortized premium balance 50,600,000   $ 59,000,000                    
Accrued interest 9,300,000   9,000,000                    
Tender Offer | Maximum                          
Debt Instrument [Line Items]                          
Principal amount repurchased               $ 800,000,000 $ 950,000,000        
February 2019 - 5.500%                          
Debt Instrument [Line Items]                          
Principal amount repurchased     969,000,000                    
Debt repurchased 398,000,000   $ 1,040,000,000                    
May 2020 - 5.375%                          
Debt Instrument [Line Items]                          
Debt repurchased 302,000,000                        
August 2022 - 5.000%                          
Debt Instrument [Line Items]                          
Debt repurchased $ 100,000,000                        
Senior Unsecured Note, 6.00% Maturing in 2036                          
Debt Instrument [Line Items]                          
Face amount       $ 51,000,000   $ 51,000,000              
Rate (%)       6.00%   6.00%              
Carrying value       $ 39,500,000   $ 39,500,000              
Secured Borrowings                          
Debt Instrument [Line Items]                          
Secured borrowings, weighted average percentage rate       3.62%   3.62%              
Secured Borrowings | Maximum                          
Debt Instrument [Line Items]                          
Secured borrowings, weighted average percentage rate       5.74%   5.74%              
Secured Borrowings | Minimum                          
Debt Instrument [Line Items]                          
Secured borrowings, weighted average percentage rate       0.55%   0.55%              
Senior Unsecured Notes                          
Debt Instrument [Line Items]                          
Face amount       $ 3,731,000,000   $ 3,731,000,000              
Senior Unsecured Notes | August 2017 - 4.250%                          
Debt Instrument [Line Items]                          
Debt repurchased   $ 1,725,800,000                      
Rate (%)   4.25%                      
Senior Unsecured Notes | March 2018 - 5.250%                          
Debt Instrument [Line Items]                          
Debt repurchased   $ 1,465,000,000                      
Rate (%)   5.25%                      
Senior Unsecured Notes | April 2018 - 6.625%                          
Debt Instrument [Line Items]                          
Debt repurchased   $ 695,000,000                      
Rate (%)   6.625%                      
Senior Unsecured Notes | May 2018 - 5.000%                          
Debt Instrument [Line Items]                          
Debt repurchased   $ 955,900,000                      
Rate (%)   5.00%                      
Senior Unsecured Notes | February 2019 - 5.500%                          
Debt Instrument [Line Items]                          
Face amount       $ 383,000,000   $ 383,000,000              
Rate (%) 5.50%     5.50%   5.50%   5.50% 5.50%        
Senior Unsecured Notes | May 2020 - 5.375%                          
Debt Instrument [Line Items]                          
Face amount       $ 448,000,000   $ 448,000,000              
Rate (%) 5.375%     5.375%   5.375%   5.375% 5.375%        
Senior Unsecured Notes | August 2022 - 5.000%                          
Debt Instrument [Line Items]                          
Face amount       $ 1,150,000,000   $ 1,150,000,000              
Rate (%) 5.00%     5.00%   5.00%   5.00% 5.00%        
LIBOR | Maximum | Revolving Credit Facility [Member]                          
Debt Instrument [Line Items]                          
Revolving credit facility, applicable margin (percentage)           2.00%              
Base Rate | Maximum | Revolving Credit Facility [Member]                          
Debt Instrument [Line Items]                          
Revolving credit facility, applicable margin (percentage)           1.00%