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Consolidated Balance Sheets (Parenthetical) - OMFC - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Investment securities, fair value $ 1,647 $ 1,729
Investment securities, amortized cost basis 1,765 1,897
Net finance receivables 21,349 19,986
Financing receivable, allowance for credit loss 2,480 2,311
Restricted cash and restricted cash equivalents [1] 534 461
Long-term debt 19,813 18,281
Other liabilities $ 671 $ 616
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, shares issued (in shares) 119,757,277 121,042,125
Common stock, shares outstanding (in shares) 119,757,277 121,042,125
OMFC    
Investment securities, fair value $ 1,600 $ 1,700
Investment securities, amortized cost basis 1,800 1,900
Net finance receivables 21,349 19,986
Financing receivable, allowance for credit loss 2,480 2,311
Restricted cash and restricted cash equivalents [2] 534 461
Long-term debt 19,813 18,281
Other liabilities $ 672 $ 617
Common stock, par value (in dollars per share) $ 0.50 $ 0.50
Common stock, shares authorized (in shares) 25,000,000 25,000,000
Common stock, shares issued (in shares) 10,160,021 10,160,021
Common stock, shares outstanding (in shares) 10,160,021 10,160,021
Consolidated VIEs    
Net finance receivables $ 12,780 $ 10,432
Financing receivable, allowance for credit loss 1,428 1,126
Restricted cash and restricted cash equivalents 523 442
Long-term debt 11,579 9,361
Other liabilities 26 20
Consolidated VIEs | OMFC    
Net finance receivables 12,800 10,400
Financing receivable, allowance for credit loss 1,400 1,100
Restricted cash and restricted cash equivalents 523 442
Long-term debt 11,600 9,400
Other liabilities $ 26 $ 20
[1]
Restricted cash and restricted cash equivalents primarily represent funds required to be used for future debt payments relating to our secured transactions.
[2]
Restricted cash and restricted cash equivalents primarily represent funds required to be used for future debt payments relating to our secured transactions.