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BORROWINGS (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Borrowings and Other Debt Obligation
The following table presents information regarding the Parent Company and its subsidiaries' borrowings and other debt obligations at the dates indicated:
 September 30, 2020December 31, 2019
(dollars in thousands)BalanceEffective
Rate		BalanceEffective
Rate
Parent Company
2.65% senior notes due April 2020
$— — %$999,502 2.82 %
4.45% senior notes due December 2021
604,862 4.61 %604,172 4.61 %
3.70% senior notes due March 2022
848,998 3.74 %849,465 3.74 %
3.40% senior notes due January 2023
996,980 3.54 %996,043 3.54 %
3.50% senior notes due June 2024
996,462 3.60 %995,797 3.60 %
4.50% senior notes due July 2025
1,096,930 4.56 %1,096,508 4.56 %
4.40% senior notes due July 2027
1,049,825 4.40 %1,049,813 4.40 %
2.88% senior notes due January 2024 (4)
750,000 2.88 %750,000 2.88 %
5.83% senior notes due March 2023 (4)
500,000 5.83 %— — %
3.24% senior notes due November 2026
911,870 3.97 %907,844 3.97 %
3.45% senior notes, due June 2025
994,599 3.58 %— — %
3.50% senior notes, due April 2023
447,022 3.52 %— — %
Senior notes due September 2020 (2)
— — %112,358 3.36 %
Senior notes due June 2022(1)
427,916 2.05 %427,889 3.47 %
Senior notes due January 2023 (3)
720,893 2.29 %720,861 3.29 %
Senior notes due July 2023 (3)
439,007 2.29 %438,962 2.48 %
Short-term borrowing due within one year, with an affiliate124,067 2.00 %— — %
Subsidiaries
2.00% subordinated debt maturing through 2020
11 2.00 %602 2.00 %
Short-term borrowing due within one year, maturing October 20208,000 0.50 %1,831 0.38 %
Total Parent Company and subsidiaries' borrowings and other debt obligations$10,917,442 3.69 %$9,951,647 3.68 %
(1) These notes bear interest at a rate equal to the three-month LIBOR plus 100 basis points per annum.
(2) This note will bear interest at a rate equal to the three-month GBP LIBOR plus 105 basis points per annum.
(3) This note will bear interest at a rate equal to the three-month LIBOR plus 110 basis points per annum.
(4) These notes are with SHUSA's parent company, Santander.
The following table presents information regarding the Bank's borrowings and other debt obligations at the dates indicated:
 September 30, 2020December 31, 2019
(dollars in thousands)BalanceEffective
Rate		BalanceEffective
Rate
FHLB advances, maturing through May 2022$3,050,000 0.55 %$7,035,000 2.15 %
REIT preferred, callable May 2020— — %125,943 13.17 %
     Total Bank borrowings and other debt obligations$3,050,000 0.55 %$7,160,943 2.34 %
The following tables present information regarding SC's credit facilities as of September 30, 2020 and December 31, 2019, respectively:
 September 30, 2020
(dollars in thousands)BalanceCommitted AmountEffective
Rate		Assets PledgedRestricted Cash Pledged
Warehouse line due March 2021$500,445 $1,250,000 1.27 %$1,151,745 $1 
Warehouse line due November 2021166,600 500,000 1.04 %495,011 — 
Warehouse line due July 2021— 500,000 1.53 %497,994 — 
Warehouse line due October 2021— 2,100,000 4.18 %— — 
Warehouse line due August 2022166,000 500,000 2.54 %267,776 — 
Warehouse line due January 2022400,000 1,000,000 1.43 %572,755 — 
Warehouse line due July 2022— 900,000 3.10 %— 1,684 
Warehouse line due October 2021(3)
92,800 1,500,000 2.69 %819,518 — 
Warehouse line due October 2021(1)
1,165,943 3,500,000 3.27 %1,272,926 — 
Repurchase facility due January 2021(2)
263,272 263,272 1.66 %377,550 — 
Repurchase facility due November 2020(2)
48,624 48,624 1.79 %69,945 — 
     Total facilities with third parties$2,803,684 $12,061,896 2.28 %$5,525,220 $1,685 
Promissory note with Santander due June 2022$2,000,000 $2,000,000 1.40 %$— $— 
Promissory note with Santander due September 20222,000,000 2,000,000 1.04 %— — 
     Total facilities with related parties$4,000,000 $4,000,000 1.22 %$— $— 
     Total SC revolving credit facilities$6,803,684 $16,061,896 1.66 %$5,525,220 $1,685 
(1)    This line is held exclusively for financing of Chrysler Capital leases. In April 2020, the commitment amount was reduced by $500 million.
(2)    The repurchase facilities are collateralized by securitization notes payable retained by SC. As the borrower, SC is exposed to liquidity risk due to changes in the market value of retained securities pledged. In some instances, SC places or receives cash collateral with counterparties under collateral arrangements associated with SC's repurchase agreements.
(3)    During the three months ended March 31, 2020 the Chrysler Finance loan credit facility was reactivated with a $1 billion commitment. In April 2020, the commitment amount increased by $500 million.
NOTE 9. BORROWINGS (continued)
 December 31, 2019
(dollars in thousands)BalanceCommitted AmountEffective
Rate		Assets PledgedRestricted Cash Pledged
Warehouse line due March 2021$516,045 $1,250,000 3.10 %$734,640 $1 
Warehouse line due November 2020471,320 500,000 2.69 %505,502 186 
Warehouse line due July 2021500,000 500,000 3.64 %761,690 302 
Warehouse line due October 2021896,077 2,100,000 3.44 %1,748,325 7 
Warehouse line due June 2021471,284 500,000 3.32 %675,426 — 
Warehouse line due November 2020970,600 1,000,000 2.57 %1,353,305 — 
Warehouse line due June 202153,900 600,000 7.02 %62,601 94 
Warehouse line due October 2021(1)
1,098,443 5,000,000 4.43 %1,898,365 1,756 
Repurchase facility due January 2020(2)
273,655 273,655 3.80 %377,550 — 
Repurchase facility due March 2020(2)
100,756 100,756 3.04 %151,710 — 
Repurchase facility due March 2020(2)
47,851 47,851 3.15 %69,945 — 
     Total SC revolving credit facilities$5,399,931 $11,872,262 3.44 %$8,339,059 $2,346 
The following tables present information regarding SC's secured structured financings as of September 30, 2020 and December 31, 2019, respectively:
September 30, 2020
(dollars in thousands)Balance
Initial Note Amounts Issued(3)
Initial Weighted Average Interest Rate Range
Collateral(2)
Restricted Cash
SC public securitizations maturing on various dates between April 2022 and May 2028(1)(4)
$18,809,455 $44,397,355 
 0.76% - 3.42%
$24,283,300 $1,737,179 
SC privately issued amortizing notes maturing on various dates between June 2022 and December 2027 (3)
8,554,634 11,097,563 
 1.28% - 3.90%
12,495,119 24,388 
     Total SC secured structured financings$27,364,089 $55,494,918 
 0.76% - 3.90%
$36,778,419 $1,761,567 
(1) Securitizations executed under Rule 144A of the Securities Act are included within this balance.
(2) Secured structured financings may be collateralized by SC's collateral overages of other issuances.
(3) Excludes securitizations which no longer have outstanding debt and excludes any incremental borrowings.
(4) As of September 30, 2020, $7.2 million in secured structured financing is held by Santander.
December 31, 2019
(dollars in thousands)BalanceInitial Note Amounts IssuedInitial Weighted Average Interest Rate RangeCollateralRestricted Cash
SC public securitizations maturing on various dates between April 2021 and February 2027$18,807,773 $43,982,220 
 1.35% - 3.42%
$24,697,158 $1,606,646 
SC privately issued amortizing notes maturing on various dates between July 2019 and November 20269,334,112 10,397,563 
 1.05% - 3.90%
12,048,217 20,878 
     Total SC secured structured financings$28,141,885 $54,379,783 
 1.05% - 3.90%
$36,745,375 $1,627,524