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Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Investment securities, fair value $ 1,618 $ 1,647
Investment securities, amortized cost basis 1,743 1,765
Net finance receivables 21,083 21,349
Financing receivable, allowance for credit loss 2,454 2,480
Restricted cash and restricted cash equivalents 599 [1] 534
Long-term debt 19,520 19,813
Other liabilities $ 543 $ 671
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) 119,877,252 119,757,277
Common stock, shares outstanding (in shares) 119,877,252 119,757,277
Treasury stock at cost (in shares) 15,475,531 15,383,804
Consolidated VIEs    
Net finance receivables $ 12,641 $ 12,780
Financing receivable, allowance for credit loss 1,429 1,428
Restricted cash and restricted cash equivalents 576 523
Long-term debt 11,420 11,579
Other liabilities $ 26 $ 26
[1]
Restricted cash and restricted cash equivalents primarily represent funds required to be used for future debt payments relating to our secured transactions.