Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Before Income Taxes

The domestic and foreign components of income before taxes were as follows:

	Year Ended December 31,
($ in millions)	2019		2018		2017
U.S. income before tax	$	234	$	380	$	283
Foreign income before tax		39		23		28
Income before taxes	$	273	$	403	$	311

Schedule of Components of Provision for Income Taxes

The components of our provision for income taxes were as follows:

	Year Ended December 31,
($ in millions)	2019			2018			2017
Current:
Federal	$	37		$	62		$	94
State		9			15			11
Foreign		8			8			8
Total current		54			85			113
Deferred:
Federal		3			17			(137	)
State		1			4			8
Foreign		(1	)		(1	)		—
Total deferred		3			20			(129	)
Total provision for income taxes	$	57		$	105		$	(16	)

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations of our tax provision at the U.S. statutory rate to the provision for income taxes were as follows:

	Year Ended December 31,
($ in millions)	2019			2018			2017
Statutory U.S. federal income tax provision	$	57		$	85		$	109
State and local income taxes, net of U.S. federal tax benefit		11			19			12
Impact of foreign operations		1			2			—
Interest on installment sales, net of U.S. federal tax benefit		4			3			3
Interest on installment sales adjustment		—			—			(5	)
Effects of the TCJ Act		—			(4	)		(133	)
Tax accounting method change		(18	)		—			—
Other		2			—			(2	)
Provision for income taxes	$	57		$	105		$	(16	)

Schedule of Compositions of Net Deferred Tax Balances

The compositions of net deferred tax balances were as follows:

	December 31,
($ in millions)	2019			2018
Deferred income tax assets	$	2		$	1
Deferred income tax liabilities		(259	)		(255	)
Net deferred taxes	$	(257	)	$	(254	)

Schedule of Tax Effects of Temporary Differences and Carryforwards of Our Net Deferred Tax Liability

The tax effects of the temporary differences and carryforwards that give rise to our net deferred tax liability were as follows:

	December 31,
($ in millions)	2019			2018
Deferred tax assets:
Compensation	$	12		$	11
Domestic tax loss and credit carryforwards		4			2
Foreign tax loss carryforwards		1			—
Other reserves		86			57
		103			70
Valuation allowance		(4	)		(2	)
Deferred tax assets		99			68
Deferred tax liabilities:
Property and equipment		(87	)		(46	)
Amortizable intangible assets		(9	)		(10	)
Deferred income		(259	)		(266	)
Other liabilities		(1	)		—
Deferred tax liabilities		(356	)		(322	)
Net deferred taxes	$	(257	)	$	(254	)