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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 276 $ 268
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 570 611
Depreciation and amortization 42 46
Deferred income taxes 17 (45)
Non-cash stock compensation 28 28
Amortization of deferred financing costs 8 11
Amortization of deferred origination costs 38 50
Change in other operating assets and liabilities    
Change in other assets 53 45
Change in other liabilities (118) (81)
Other 5 (9)
Net cash provided by operating activities 919 924
CASH FLOWS FROM INVESTING ACTIVITIES    
Change in credit card and other loans 487 693
Proceeds from sale of credit card loan portfolios 0 100
Purchases of investments (15) (23)
Maturities of investments 10 7
Other, including capital expenditures (12) (26)
Net cash provided by investing activities 470 751
CASH FLOWS FROM FINANCING ACTIVITIES    
Unsecured borrowings under debt agreements 400 300
Repayments/maturities of unsecured borrowings under debt agreements (272) (407)
Debt issued by consolidated variable interest entities 0 700
Repayments/maturities of debt issued by consolidated variable interest entities (1,470) (1,139)
Net increase (decrease) in deposits 258 (627)
Payment of deferred financing costs (10) (6)
Dividends paid (22) (22)
Repurchase of common stock (150) (11)
Other (19) (7)
Net cash used in financing activities (1,285) (1,219)
Change in cash, cash equivalents and restricted cash 104 456
Cash, cash equivalents and restricted cash at beginning of period 3,714 3,616
Cash, cash equivalents and restricted cash at end of period 3,818 4,072
Cash and cash equivalents reconciliation    
Cash and cash equivalents 3,799 4,053
Restricted cash included within Other Assets 19 19
Total cash, cash equivalents and restricted cash $ 3,818 $ 4,072