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Consolidated Statement of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income $ 944 $ 1,436
Reconciliation of net income to net cash provided by operating activities    
Depreciation and amortization 923 1,000
Provision for credit losses 1,381 909
Gain on mortgage and automotive loans, net (13) (28)
Other (gain) loss on investments, net (59) 173
Originations and purchases of loans held-for-sale (1,913) (3,394)
Proceeds from sales and repayments of loans held-for-sale 2,283 3,118
Net change in    
Deferred income taxes (62) 447
Interest payable 1,029 274
Other assets 29 1,120
Other liabilities 52 (88)
Other, net 86 107
Net cash provided by operating activities 4,680 5,074
Investing activities    
Purchases of equity securities (257) (515)
Proceeds from sales of equity securities 295 808
Purchases of available-for-sale securities (388) (6,346)
Proceeds from sales of available-for-sale securities 337 768
Proceeds from repayments of available-for-sale securities 1,631 3,720
Purchases of held-to-maturity securities 0 (47)
Proceeds from repayments of held-to-maturity securities 49 133
Purchases of finance receivables and loans held-for-investment (3,201) (6,360)
Proceeds from sales of finance receivables and loans initially held-for-investment 25 12
Originations and repayments of finance receivables and loans held-for-investment and other, net (2,452) (5,050)
Purchases of operating lease assets (2,174) (2,840)
Disposals of operating lease assets 2,384 2,449
Net change in nonmarketable equity investments (45) (261)
Other, net (419) (379)
Net cash used in investing activities (4,215) (13,908)
Financing activities    
Net change in short-term borrowings 11 7,200
Net increase in deposits 525 4,166
Proceeds from issuance of long-term debt 4,893 4,867
Repayments of long-term debt (2,609) (5,314)
Purchases of land and buildings in satisfaction of finance lease liabilities 0 (44)
Repurchases of common stock (29) (1,599)
Common stock dividends paid (277) (298)
Preferred stock dividends paid (83) (83)
Net cash provided by financing activities 2,431 8,895
Effect of exchange-rate changes on cash and cash equivalents and restricted cash 0 (9)
Net increase in cash and cash equivalents and restricted cash 2,896 52
Cash and cash equivalents and restricted cash at beginning of year 6,222 5,670
Cash and cash equivalents and restricted cash at September 30, 9,118 5,722
Cash paid (received) for    
Interest 3,895 1,342
Income taxes (42) (427)
Noncash items    
Loans held-for-sale transferred to finance receivables and loans held-for-investment 208 92
Finance receivables and loans held-for-investment transferred to loans held-for-sale 11 4
Transfer of equity-method investments to equity securities 0 40
Transfer of nonmarketable equity investments to equity securities 19 1
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents on the Condensed Consolidated Balance Sheet 8,515 5,004
Restricted cash included in other assets on the Condensed Consolidated Balance Sheet [1] 603 718
Total cash and cash equivalents and restricted cash in the Condensed Consolidated Statement of Cash Flows $ 9,118 $ 5,722
[1] Restricted cash balances relate primarily to our securitization arrangements. Refer to Note 10 for additional details describing the nature of restricted cash balances.