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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Summary of Real Estate Assets

A summary of our real estate assets is as follows (dollars in millions):

			December 31,
			2023						2022
Real estate under development, current (included in other current assets)			$	—					$	193
Real estate and other assets held for sale (included in other current assets)			42						97
Real estate under development			300						172
Real estate held for investment (included in other assets, net)			179						45
Total real estate			$	521					$	507

Schedule of Loan Servicing Rights Recognized

The amount of MSRs recognized during the years ended December 31, 2023, 2022 and 2021 was as follows (dollars in millions):

			Year Ended December 31,
			2023						2022						2021
Beginning balance, mortgage servicing rights			$	561					$	579					$	557
Mortgage servicing rights recognized			82						146						194
Mortgage servicing rights sold			—						—						—
Amortization expense			(144)						(164)						(172)
Ending balance, mortgage servicing rights			$	499					$	561					$	579

Schedule of Assumptions Used in Measuring Fair Value of Servicing Assets

The key assumptions used during the years ended December 31, 2023, 2022 and 2021 in measuring fair value were as follows:

			Year Ended December 31,
			2023						2022						2021
Weighted average discount rate			12.96		%				12.87		%				12.62		%
Weighted average conditional prepayment rate			11.97		%				10.12		%				9.78		%

X

- Definition

Tabular disclosure of assumptions used by the reporting entity in measuring the fair value of servicing assets.

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- Definition

Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.

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Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-3

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