Quarterly Financial Statements (unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information (unaudited) [Abstract]

Quarterly Financial Information

($ in millions)	First quarter			Second quarter			Third quarter		Fourth quarter
2018
Net financing revenue and other interest income	$	1,049		$	1,094		$	1,107	$	1,140
Other revenue	354			364			398		298
Total net revenue	1,403			1,458			1,505		1,438
Provision for loan losses	261			158			233		266
Total noninterest expense	814			839			807		804
Income from continuing operations before income tax expense	328			461			465		368
Income tax expense from continuing operations	76			113			91		79
Net income from continuing operations	252			348			374		289
(Loss) income from discontinued operations, net of tax	(2		)	1			—		1
Net income	$	250		$	349		$	374	$	290
Basic earnings per common share (a)
Net income from continuing operations	$	0.58		$	0.81		$	0.89	$	0.70
Net income	0.57			0.81			0.89		0.70
Diluted earnings per common share (a)
Net income from continuing operations	$	0.57		$	0.80		$	0.88	$	0.70
Net income	0.57			0.81			0.88		0.70
Cash dividends declared per common share	$	0.13		$	0.13		$	0.15	$	0.15
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 (b)	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 (a)
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 (a)
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 declared per common share	$	0.08		$	0.08		$	0.12	$	0.12

(a) 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 19.

(b) Amount for the fourth quarter of 2017 includes $119 million of tax expense attributable to tax reform enacted on December 22, 2017.