Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Before Income Taxes

The domestic and foreign components of our (loss) income before taxes were as follows:

	Year Ended December 31,
($ in millions)	2020			2019		2018
U.S. (loss) income before tax	$	(287	)	$	234	$	380
Foreign income before tax		7			39		23
Total (loss) income before taxes	$	(280	)	$	273	$	403

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)	2020			2019			2018
Current:
Federal	$	36		$	37		$	62
State		5			9			15
Foreign		3			8			8
Total current		44			54			85
Deferred:
Federal		(98	)		3			17
State		(23	)		1			4
Foreign		(2	)		(1	)		(1	)
Total deferred		(123	)		3			20
Total provision for income taxes	$	(79	)	$	57		$	105

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)	2020			2019			2018
Statutory U.S. federal income tax provision	$	(59	)	$	57		$	85
State and local income taxes, net of U.S. federal tax benefit		(17	)		11			19
Impact of foreign operations		(5	)		1			2
Interest on installment sales, net of U.S. federal tax benefit		1			4			3
Effects of the TCJ Act		—			—			(4	)
Tax accounting method change		—			(18	)		—
Other		1			2			—
Provision for income taxes	$	(79	)	$	57		$	105

Schedule of Compositions of Net Deferred Tax Balances

The compositions of net deferred tax balances were as follows:

	December 31,
($ in millions)	2020			2019
Deferred income tax assets	$	4		$	2
Deferred income tax liabilities		(137	)		(259	)
Net deferred taxes	$	(133	)	$	(257	)

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)	2020			2019
Deferred tax assets:
Compensation	$	16		$	12
Domestic tax loss and credit carryforwards		5			4
Foreign tax loss carryforwards		2			1
Other reserves		89			86
		112			103
Valuation allowance		(4	)		(4	)
Deferred tax assets		108			99
Deferred tax liabilities:
Property and equipment		(70	)		(87	)
Amortizable intangible assets		(7	)		(9	)
Deferred income		(164	)		(259	)
Other liabilities		—			(1	)
Deferred tax liabilities		(241	)		(356	)
Net deferred taxes	$	(133	)	$	(257	)