v3.24.4
Parent Company Condensed Financial Information (Schedule of Parent Company Condensed Statements of Financial Condition) (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets              
Cash and cash equivalents $ 11,685       $ 8,856 $ 8,750  
Restricted cash 43       41 2,582  
Net loan receivables 119,126       104,746    
Other assets 5,858 $ 5,696 $ 4,975 $ 4,610 4,742    
Total assets 151,713 143,615 138,235 133,290 131,851    
Liabilities and Stockholders’ Equity              
Non-interest-bearing deposit accounts 1,438       1,485    
Long-term borrowings 20,581       20,108    
Accrued expenses and other liabilities 7,216 6,464 5,590 5,789 6,212    
Total liabilities 137,478 129,950 124,853 119,692 117,956    
Stockholders’ equity 14,235 13,665 13,382 13,598 13,895 12,789 $ 10,326
Total liabilities and stockholders’ equity 151,713 $ 143,615 $ 138,235 $ 133,290 131,851    
Parent Company [Member]              
Assets              
Cash and cash equivalents 3,509 [1]       3,155 [1] 3,182  
Restricted cash 75       20 $ 20  
Net loan receivables $ 1,650 [2]       $ 1,759    
Financing Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Subsidiaries       Subsidiaries    
Investment in bank subsidiary $ 12,340       $ 11,279    
Investments in non-bank subsidiaries 974       834    
Other assets 871       811    
Total assets 19,419       17,858    
Liabilities and Stockholders’ Equity              
Non-interest-bearing deposit accounts 2       2    
Long-term borrowings 4,469       3,487    
Accrued expenses and other liabilities 323       359    
Total liabilities 5,184       3,963    
Stockholders’ equity 14,235       13,895    
Total liabilities and stockholders’ equity 19,419       17,858    
Parent Company [Member] | Subsidiaries              
Liabilities and Stockholders’ Equity              
Short-term borrowings from subsidiaries 390       115    
Parent Company [Member] | Discover Bank [Member]              
Liabilities and Stockholders’ Equity              
Liquidity available to parent from money market deposit account at subsidiary 3,500       3,100    
Liquidity available to parent from funds advanced to subsidiary $ 1,300       $ 1,300    
[1] The Parent Company had $3.5 billion and $3.1 billion in a money market deposit account at Discover Bank as of December 31, 2023 and 2022, respectively, which is included in cash and cash equivalents. These funds are available to the Parent for liquidity purposes.(2)The Parent Company had a balance of $1.3 billion representing advances to Discover Bank as of December 31, 2023 and 2022, which is included in notes receivable from subsidiaries
[2] .