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Loan Receivables (Schedule of Credit Risk Profile by FICO Score and Origination Year) (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables $ 92,963 $ 95,894
Credit Card Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [1],[2] 73,811 77,181
Revolving line-of-credit arrangements that were converted to term loans as a result of a TDR program, ending balance 1,000 956
Credit Card Loans [Member] | FICO Score, 660 and Above [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, credit card [3] $ 58,598 $ 61,997
FICO distribution %, credit card [3] 79.00% 80.00%
Credit Card Loans [Member] | FICO Score, Less Than 660 Or No Score [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, credit card [3] $ 15,213 $ 15,184
FICO distribution %, credit card [3] 21.00% 20.00%
Total Other Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [4] $ 19,152 $ 18,713
Total Other Loans [Member] | Private Student Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [4],[5] 9,957 9,653
Total Other Loans [Member] | Private Student Loans [Member] | FICO Score, 660 and Above [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, originated in 2020 [6],[7] $ 207  
FICO distribution %, originated in 2020 [6],[7] 97.00%  
Loan receivables, originated in 2019 [6],[7] $ 1,690 $ 1,176
FICO distribution %, originated in 2019 [6],[7] 94.00% 93.00%
Loan receivables, originated in 2018 [6],[7] $ 1,465 $ 1,518
FICO distribution %, originated in 2018 [6],[7] 95.00% 95.00%
Loan receivables, originated in 2017 [6],[7] $ 1,144 $ 1,198
FICO distribution %, originated in 2017 [6],[7] 94.00% 95.00%
Loan receivables, originated in 2016 [6],[7] $ 883 $ 934
FICO distribution %, originated in 2016 [6],[7] 94.00% 94.00%
Loan receivables, originated prior to 2016 [6],[7] $ 3,955 $ 4,229
FICO distribution %, originated prior to 2016 [6],[7] 93.00% 93.00%
Loan receivables [6],[7] $ 9,344 $ 9,055
FICO distribution %, loan receivables [6],[7] 94.00% 94.00%
Total Other Loans [Member] | Private Student Loans [Member] | FICO Score, Less Than 660 Or No Score [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, originated in 2020 [6],[7] $ 6  
FICO distribution %, originated in 2020 [6],[7] 3.00%  
Loan receivables, originated in 2019 [6],[7] $ 112 $ 92
FICO distribution %, originated in 2019 [6],[7] 6.00% 7.00%
Loan receivables, originated in 2018 [6],[7] $ 81 $ 79
FICO distribution %, originated in 2018 [6],[7] 5.00% 5.00%
Loan receivables, originated in 2017 [6],[7] $ 70 $ 69
FICO distribution %, originated in 2017 [6],[7] 6.00% 5.00%
Loan receivables, originated in 2016 [6],[7] $ 58 $ 58
FICO distribution %, originated in 2016 [6],[7] 6.00% 6.00%
Loan receivables, originated prior to 2016 [6],[7] $ 286 $ 300
FICO distribution %, originated prior to 2016 [6],[7] 7.00% 7.00%
Loan receivables [6],[7] $ 613 $ 598
FICO distribution %, loan receivables [6],[7] 6.00% 6.00%
Total Other Loans [Member] | Personal Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [4] $ 7,651 $ 7,687
Total Other Loans [Member] | Personal Loans [Member] | FICO Score, 660 and Above [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, originated in 2020 $ 923  
FICO distribution %, originated in 2020 100.00%  
Loan receivables, originated in 2019 $ 3,171 $ 3,529
FICO distribution %, originated in 2019 97.00% 98.00%
Loan receivables, originated in 2018 $ 1,666 $ 1,941
FICO distribution %, originated in 2018 92.00% 93.00%
Loan receivables, originated in 2017 $ 974 $ 1,167
FICO distribution %, originated in 2017 89.00% 90.00%
Loan receivables, originated in 2016 $ 380 $ 475
FICO distribution %, originated in 2016 87.00% 88.00%
Loan receivables, originated prior to 2016 $ 105 $ 145
FICO distribution %, originated prior to 2016 83.00% 84.00%
Loan receivables $ 7,219 $ 7,257
FICO distribution %, loan receivables 94.00% 94.00%
Total Other Loans [Member] | Personal Loans [Member] | FICO Score, Less Than 660 Or No Score [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, originated in 2020 $ 4  
FICO distribution %, originated in 2020 0.00%  
Loan receivables, originated in 2019 $ 90 $ 62
FICO distribution %, originated in 2019 3.00% 2.00%
Loan receivables, originated in 2018 $ 141 $ 140
FICO distribution %, originated in 2018 8.00% 7.00%
Loan receivables, originated in 2017 $ 120 $ 136
FICO distribution %, originated in 2017 11.00% 10.00%
Loan receivables, originated in 2016 $ 55 $ 65
FICO distribution %, originated in 2016 13.00% 12.00%
Loan receivables, originated prior to 2016 $ 22 $ 27
FICO distribution %, originated prior to 2016 17.00% 16.00%
Loan receivables $ 432 $ 430
FICO distribution %, loan receivables 6.00% 6.00%
[1]
Amounts include carrying values of $18.4 billion and $18.9 billion underlying investors' interest in trust debt at March 31, 2020 and December 31, 2019, respectively, and $10.8 billion and $12.7 billion in seller's interest at March 31, 2020 and December 31, 2019, respectively. See Note 4: Credit Card and Student Loan Securitization Activities for additional information.
[2]
Unbilled accrued interest receivable on credit card loans, which is presented as part of other assets in the Company's condensed consolidated statements of financial condition, was $425 million and $471 million at March 31, 2020 and December 31, 2019, respectively.
[3]
Amounts include $1.0 billion and $956 million of revolving line-of-credit arrangements that were converted to term loans as a result of a TDR program as of March 31, 2020 and December 31, 2019, respectively.
[4]
Accrued interest receivable on private student, personal and other loans, which is presented as part of other assets in the Company's condensed consolidated statements of financial condition, was $495 million, $53 million and $5 million, respectively, at March 31, 2020 and $461 million, $53 million and $4 million, respectively, at December 31, 2019.
[5]
Amounts include carrying values of $287 million and $292 million in loans pledged as collateral against the note issued from a student loan securitization trust at March 31, 2020 and December 31, 2019, respectively. See Note 4: Credit Card and Student Loan Securitization Activities for additional information.
[6]
A majority of student loans originations occur in the third quarter and disbursements can span across multiple calendar years.
[7]
FICO score represents the higher credit score of the cosigner or borrower.