Quarterly Financial Statements (unaudited) Quarterly Financial Statements (unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information (unaudited) [Abstract]

Quarterly Financial Information [Text Block]

Quarterly Financial Statements (unaudited)

($ in millions)	First quarter		Second quarter			Third quarter			Fourth quarter
2017
Net financing revenue and other interest income	$	979	$	1,067		$	1,081		$	1,094
Other revenue	396		388			381			379
Total net revenue	1,375		1,455			1,462			1,473
Provision for loan losses	271		269			314			294
Total noninterest expense	778		810			753			769
Income from continuing operations before income tax expense	326		376			395			410
Income tax expense from continuing operations (a)	113		122			115			231
Net income from continuing operations	213		254			280			179
Income (loss) from discontinued operations, net of tax	1		(2		)	2			2
Net income	$	214	$	252		$	282		$	181
Basic earnings per common share (b)
Net income from continuing operations	$	0.46	$	0.55		$	0.62		$	0.40
Net income	0.46		0.55			0.63			0.41
Diluted earnings per common share (b)
Net income from continuing operations	$	0.46	$	0.55		$	0.62		$	0.40
Net income	0.46		0.55			0.63			0.41
Cash dividends per common share	$	0.08	$	0.08		$	0.12		$	0.12
2016
Net financing revenue and other interest income	$	951	$	984		$	996		$	976
Other revenue	376		374			388			392
Total net revenue	1,327		1,358			1,384			1,368
Provision for loan losses	220		172			258			267
Total noninterest expense	710		773			735			721
Income from continuing operations before income tax expense	397		413			391			380
Income tax expense from continuing operations (c)	150		56			130			134
Net income from continuing operations	247		357			261			246
Income (loss) from discontinued operations, net of tax	3		3			(52		)	2
Net income	$	250	$	360		$	209		$	248
Basic earnings per common share (b)
Net income from continuing operations	$	0.48	$	0.70		$	0.54		$	0.52
Net income	0.49		0.71			0.43			0.53
Diluted earnings per common share (b)
Net income from continuing operations	$	0.48	$	0.70		$	0.54		$	0.52
Net income	0.49		0.71			0.43			0.52
Cash dividends per common share	$	—	$	—		$	0.08		$	0.08

(a) Amount for the fourth quarter of 2017 includes $119 millionof tax expense attributable to tax reform enacted on December 22, 2017, as further described in Note 23

(b) Earnings per share is calculated quarterly on an independent basis, therefore the total of the amounts presented for each year above may not reconcile to the annual amounts presented in Note 20.

(c) Amount for the second quarter of 2016 includes a nonrecurring tax benefitdue to a U.S. tax reserve release related to a prior-year federal return that reduced our liability for unrecognized tax benefits, as further described in Note 23.