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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Financing revenue and other interest income    
Interest and fees on finance receivables and loans $ 1,714 $ 1,582
Interest on loans held-for-sale 4 5
Interest and dividends on investment securities and other earning assets 188 131
Interest on cash and cash equivalents 2 4
Operating leases 403 370
Total financing revenue and other interest income 2,311 2,092
Interest expense    
Interest on deposits 211 306
Interest on short-term borrowings 5 1
Interest on long-term debt 185 250
Total interest expense 401 557
Net depreciation expense on operating lease assets 217 163
Net financing revenue and other interest income 1,693 1,372
Other revenue    
Insurance premiums and service revenue earned 280 280
Gain on mortgage and automotive loans, net 14 36
Loss on extinguishment of debt 0 (1)
Other gain on investments, net 5 123
Other income, net of losses 143 127
Total other revenue 442 565
Total net revenue 2,135 1,937
Provision for credit losses 167 (13)
Noninterest expense    
Compensation and benefits expense 493 395
Insurance losses and loss adjustment expenses 58 63
Other operating expenses 571 485
Total noninterest expense 1,122 943
Income from continuing operations before income tax expense 846 1,007
Income tax expense from continuing operations 191 211
Net income from continuing operations [1] 655 796
Net income 655 796
Other comprehensive loss, net of tax (1,633) (604)
Comprehensive (loss) income (978) 192
Net income from continuing operations attributable to common stockholders [1] 627 796
Net income attributable to common stockholders [1] $ 627 $ 796
Basic weighted-average common shares outstanding [1],[2] 335,678 375,229
Diluted weighted-average common shares outstanding [1],[2] 337,812 377,529
Basic earnings per common share    
Net income from continuing operations (in dollars per share) [1] $ 1.87 $ 2.12
Net income (in dollars per share) [1] 1.87 2.12
Diluted earnings per common share    
Net income from continuing operations (in dollars per share) [1] 1.86 2.11
Net income (in dollars per share) [1] 1.86 2.11
Cash dividends declared per common share (in dollars per share) [1] $ 0.30 $ 0.19
[1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
[2] Includes shares related to share-based compensation that vested but were not yet issued.