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

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Statements (unaudited) [Table Text Block]

($ in millions)	First quarter			Second quarter			Third quarter		Fourth quarter
2019
Net financing revenue and other interest income	$	1,132		$	1,157		$	1,188	$	1,156
Other revenue	466			395			413		487
Total net revenue	1,598			1,552			1,601		1,643
Provision for loan losses	282			177			263		276
Total noninterest expense	830			881			838		880
Income from continuing operations before income tax expense	486			494			500		487
Income tax expense (benefit) from continuing operations	111			(90		)	119		106
Net income from continuing operations	375			584			381		381
Loss from discontinued operations, net of tax	(1		)	(2		)	—		(3		)
Net income	$	374		$	582		$	381	$	378
Basic earnings per common share (a)
Net income from continuing operations	$	0.93		$	1.47		$	0.98	$	1.00
Net income	0.93			1.46			0.97		0.99
Diluted earnings per common share (a)
Net income from continuing operations	0.92			1.46			0.97		0.99
Net income	0.92			1.46			0.97		0.99
Cash dividends declared per common share	$	0.17		$	0.17		$	0.17	$	0.17
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

(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.