v3.24.4
Loan Receivables (Schedule of Credit Risk Profile by FICO Score and Origination Year) (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables $ 128,409 $ 112,120
Credit Card Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [1],[2] 102,259 90,113
Credit Card Loans [Member] | FICO Score, 660 and Above [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, credit card $ 82,238 $ 73,827
FICO distribution %, credit card 80.00% 82.00%
Credit Card Loans [Member] | FICO Score, Less Than 660 Or No Score [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, credit card $ 20,021 $ 16,286
FICO distribution %, credit card 20.00% 18.00%
Total Other Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [3] $ 26,150 $ 22,007
Total Other Loans [Member] | Private Student Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [3],[4] 10,352 10,308
Total Other Loans [Member] | Private Student Loans [Member] | FICO Score, 660 and Above [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, year one, originated, current fiscal year $ 1,010  
FICO distribution %, originated in current fiscal year 94.00%  
Loan receivable, year two, originated, fiscal year before current fiscal year $ 1,495 $ 1,172
FICO distribution %, originated in fiscal year before latest fiscal year 95.00% 94.00%
Loan receivable, year three, originated, two years before current fiscal year $ 1,468 $ 1,668
FICO distribution %, originated two years before latest fiscal year 94.00% 95.00%
Loan receivable, year four, originated, three years before current fiscal year $ 1,180 $ 1,365
FICO distribution %, originated three years before latest fiscal year 94.00% 95.00%
Loan receivable, year five, originated, four years before current fiscal year $ 1,039 $ 1,221
FICO distribution %, originated four years before latest fiscal year 93.00% 95.00%
Loan receivable, originated, more than five years before current fiscal year $ 3,498 $ 4,306
FICO distribution %, originated five or more years before latest fiscal year 93.00% 94.00%
Loan receivables $ 9,690 $ 9,732
FICO scores as a percentage of loan receivables 94.00% 94.00%
Total Other Loans [Member] | Private Student Loans [Member] | FICO Score, Less Than 660 Or No Score [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, year one, originated, current fiscal year $ 69  
FICO distribution %, originated in current fiscal year 6.00%  
Loan receivable, year two, originated, fiscal year before current fiscal year $ 85 $ 77
FICO distribution %, originated in fiscal year before latest fiscal year 5.00% 6.00%
Loan receivable, year three, originated, two years before current fiscal year $ 91 $ 81
FICO distribution %, originated two years before latest fiscal year 6.00% 5.00%
Loan receivable, year four, originated, three years before current fiscal year $ 75 $ 65
FICO distribution %, originated three years before latest fiscal year 6.00% 5.00%
Loan receivable, year five, originated, four years before current fiscal year $ 76 $ 67
FICO distribution %, originated four years before latest fiscal year 7.00% 5.00%
Loan receivable, originated, more than five years before current fiscal year $ 266 $ 286
FICO distribution %, originated five or more years before latest fiscal year 7.00% 6.00%
Loan receivables $ 662 $ 576
FICO scores as a percentage of loan receivables 6.00% 6.00%
Total Other Loans [Member] | Personal Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [3] $ 9,852 $ 7,998
Total Other Loans [Member] | Personal Loans [Member] | FICO Score, 660 and Above [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, year one, originated, current fiscal year $ 5,149  
FICO distribution %, originated in current fiscal year 98.00%  
Loan receivable, year two, originated, fiscal year before current fiscal year $ 2,604 $ 4,270
FICO distribution %, originated in fiscal year before latest fiscal year 93.00% 98.00%
Loan receivable, year three, originated, two years before current fiscal year $ 1,049 $ 1,958
FICO distribution %, originated two years before latest fiscal year 92.00% 96.00%
Loan receivable, year four, originated, three years before current fiscal year $ 355 $ 790
FICO distribution %, originated three years before latest fiscal year 92.00% 95.00%
Loan receivable, year five, originated, four years before current fiscal year $ 169 $ 444
FICO distribution %, originated four years before latest fiscal year 88.00% 92.00%
Loan receivable, originated, more than five years before current fiscal year $ 78 $ 249
FICO distribution %, originated five or more years before latest fiscal year 80.00% 86.00%
Loan receivables $ 9,404 $ 7,711
FICO scores as a percentage of loan receivables 95.00% 96.00%
Total Other Loans [Member] | Personal Loans [Member] | FICO Score, Less Than 660 Or No Score [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, year one, originated, current fiscal year $ 100  
FICO distribution %, originated in current fiscal year 2.00%  
Loan receivable, year two, originated, fiscal year before current fiscal year $ 187 $ 77
FICO distribution %, originated in fiscal year before latest fiscal year 7.00% 2.00%
Loan receivable, year three, originated, two years before current fiscal year $ 91 $ 91
FICO distribution %, originated two years before latest fiscal year 8.00% 4.00%
Loan receivable, year four, originated, three years before current fiscal year $ 29 $ 40
FICO distribution %, originated three years before latest fiscal year 8.00% 5.00%
Loan receivable, year five, originated, four years before current fiscal year $ 22 $ 38
FICO distribution %, originated four years before latest fiscal year 12.00% 8.00%
Loan receivable, originated, more than five years before current fiscal year $ 19 $ 41
FICO distribution %, originated five or more years before latest fiscal year 20.00% 14.00%
Loan receivables $ 448 $ 287
FICO scores as a percentage of loan receivables 5.00% 4.00%
[1] Amounts include carrying values of $14.8 billion and $13.5 billion underlying investors’ interest in trust debt at December 31, 2023 and 2022, respectively, and $15.6 billion and $12.2 billion in seller’s interest at December 31, 2023 and 2022, respectively. See Note 5: Credit Card and Private Student Loan Securitization Activities for additional information.
[2] Unbilled accrued interest receivable on credit card loans, which is presented as part of other assets in the Company’s consolidated statements of financial condition, was $753 million and $611 million at December 31, 2023 and 2022, respectively.
[3] Accrued interest receivable on private student, personal and other loans, which is presented as part of other assets in the Company’s consolidated statements of financial condition, was $522 million, $69 million and $21 million, respectively, at December 31, 2023 and $468 million, $49 million and $11 million, respectively, at December 31, 2022.
[4] Private student loans in repayment were $6.3 billion and $6.0 billion at December 31, 2023 and 2022, respectively.