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Condensed Consolidated Statements of Shareholders’ Equity - USD ($)
$ in Millions
Total
Net impact of adoption of ASU 2016-13
Balance post-adoption
Common Stock
Common Stock
Balance post-adoption
Additional Paid-in Capital
Additional Paid-in Capital
Balance post-adoption
Total Accumulated Other Comprehensive Income (Loss)
Total Accumulated Other Comprehensive Income (Loss)
Balance post-adoption
Retained Earnings
Retained Earnings
Net impact of adoption of ASU 2016-13
[1]
Retained Earnings
Balance post-adoption
OMFC
OMFC
Balance post-adoption
OMFC
Common Stock
OMFC
Common Stock
Balance post-adoption
OMFC
Additional Paid-in Capital
OMFC
Additional Paid-in Capital
Balance post-adoption
OMFC
Total Accumulated Other Comprehensive Income (Loss)
OMFC
Total Accumulated Other Comprehensive Income (Loss)
Balance post-adoption
OMFC
Retained Earnings
OMFC
Retained Earnings
Balance post-adoption
SMHC
OMFC
SMHC
OMFC
Additional Paid-in Capital
Balance at beginning of period at Dec. 31, 2018 $ 3,799     $ 1   $ 1,681   $ (34)   $ 2,151     $ 4,021   $ 5   $ 2,110   $ (34)   $ 1,940      
Increase (Decrease) in Stockholders' Equity                                                
Contribution of SCHC to OMFC from SFI                                             $ 34 $ 34
Share-based compensation expense, net of forfeitures 10         10             10       10              
Withholding tax on share-based compensation (5)         (5)             (5)       (5)              
Other comprehensive income (loss) 72             72         72           72          
Merger of SFI with OMFC                         (408)       (408)              
Cash contribution from OMH                         144       144              
Cash dividends (376) [1]                 (376) [1]     (376)               (376)      
Net income 594                 594     597               597      
Balance at end of period at Sep. 30, 2019 $ 4,094     1   1,686   38   2,369     4,089   5   1,885   38   2,161      
Increase (Decrease) in Stockholders' Equity                                                
Dividends declared (in dollars per share) $ 2.75                                              
Balance at beginning of period at Dec. 31, 2018 $ 3,799     1   1,681   (34)   2,151     4,021   5   2,110   (34)   1,940      
Balance at end of period at Dec. 31, 2019 $ 4,330 $ (828) $ 3,502 1 $ 1 1,689 $ 1,689 44 $ 44 2,596 $ (828) $ 1,768 4,325 $ 3,497 5 $ 5 1,888 $ 1,888 44 $ 44 2,388 $ 1,560    
Increase (Decrease) in Stockholders' Equity                                                
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                                              
Balance at beginning of period at Jun. 30, 2019 $ 4,141     1   1,683   28   2,429     4,404   5   2,146   28   2,225      
Increase (Decrease) in Stockholders' Equity                                                
Share-based compensation expense, net of forfeitures 3         3             3       3              
Other comprehensive income (loss) 10             10         10           10          
Merger of SFI with OMFC                         (408)       (408)              
Cash contribution from OMH                         144       144              
Cash dividends (308) [1]                 (308) [1]     (308)               (308)      
Net income 248                 248     244               244      
Balance at end of period at Sep. 30, 2019 $ 4,094     1   1,686   38   2,369     4,089   5   1,885   38   2,161      
Increase (Decrease) in Stockholders' Equity                                                
Dividends declared (in dollars per share) $ 2.25                                              
Balance at beginning of period at Dec. 31, 2019 $ 4,330 $ (828) $ 3,502 1 $ 1 1,689 $ 1,689 44 $ 44 2,596 $ (828) $ 1,768 4,325 $ 3,497 5 $ 5 1,888 $ 1,888 44 $ 44 2,388 $ 1,560    
Increase (Decrease) in Stockholders' Equity                                                
Common stock repurchased and retired (45)         (45)                                    
Share-based compensation expense, net of forfeitures 13         13             13       13              
Withholding tax on share-based compensation (6)         (6)             (6)       (6)              
Other comprehensive income (loss) 35             35         35           35          
Cash dividends (747) [1]                 (747) [1]     (788)               (788)      
Net income 371                 371     371               371      
Balance at end of period at Sep. 30, 2020 $ 3,123     1   1,651   79   1,392     3,122   5   1,895   79   1,143      
Increase (Decrease) in Stockholders' Equity                                                
Dividends declared (in dollars per share) $ 5.49                                              
Balance at beginning of period at Jun. 30, 2020 $ 3,171     1   1,648   65   1,457     3,170   5   1,892   65   1,208      
Increase (Decrease) in Stockholders' Equity                                                
Share-based compensation expense, net of forfeitures 3         3             3       3              
Other comprehensive income (loss) 14             14         14           14          
Cash dividends (315) [1]                 (315) [1]     (315)               (315)      
Net income 250                 250     250               250      
Balance at end of period at Sep. 30, 2020 $ 3,123     $ 1   $ 1,651   $ 79   $ 1,392     $ 3,122   $ 5   $ 1,895   $ 79   $ 1,143      
Increase (Decrease) in Stockholders' Equity                                                
Dividends declared (in dollars per share) $ 2.33                                              
[1] Cash dividends declared were $2.33 per share and $2.25 per share during the three months ended September 30, 2020 and 2019, respectively, and $5.49 per share and $2.75 per share during the nine months ended September 30, 2020 and 2019, respectively.