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Regulatory and Capital Adequacy (Tables)
9 Months Ended
Sep. 30, 2020
Banking Regulation, Risk-Based Information [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The actual capital amounts, ratios and the applicable required minimums of the Company and the Bank are as follows:
Synchrony Financial
At September 30, 2020 ($ in millions)
Actual
 
Minimum for capital
adequacy purposes
 
Amount
 
Ratio(a)

 
Amount

 
Ratio(b)

Total risk-based capital
$
13,925

 
18.1
%
 
$
6,159

 
8.0
%
Tier 1 risk-based capital
$
12,891

 
16.7
%
 
$
4,619

 
6.0
%
Tier 1 leverage
$
12,891

 
13.3
%
 
$
3,884

 
4.0
%
Common equity Tier 1 Capital
$
12,157

 
15.8
%
 
$
3,465

 
4.5
%
At December 31, 2019 ($ in millions)
Actual
 
Minimum for capital
adequacy purposes
 
Amount
 
Ratio(a)

 
Amount

 
Ratio(b)

Total risk-based capital
$
14,211

 
16.3
%
 
$
6,984

 
8.0
%
Tier 1 risk-based capital
$
13,064

 
15.0
%
 
$
5,238

 
6.0
%
Tier 1 leverage
$
13,064

 
12.6
%
 
$
4,161

 
4.0
%
Common equity Tier 1 Capital
$
12,330

 
14.1
%
 
$
3,929

 
4.5
%
Synchrony Bank
At September 30, 2020 ($ in millions)
Actual
 
Minimum for capital
adequacy purposes
 
Minimum to be well-capitalized under prompt corrective action provisions
 
Amount
 
Ratio(a)
 
Amount

 
Ratio(b)

 
Amount

 
Ratio

Total risk-based capital
$
12,260

 
17.9
%
 
$
5,470

 
8.0
%
 
$
6,837

 
10.0
%
Tier 1 risk-based capital
$
11,340

 
16.6
%
 
$
4,102

 
6.0
%
 
$
5,470

 
8.0
%
Tier 1 leverage
$
11,340

 
13.0
%
 
$
3,479

 
4.0
%
 
$
4,349

 
5.0
%
Common equity Tier I capital
$
11,340

 
16.6
%
 
$
3,077

 
4.5
%
 
$
4,444

 
6.5
%
At December 31, 2019 ($ in millions)
Actual
 
Minimum for capital
adequacy purposes
 
Minimum to be well-capitalized under prompt corrective action provisions
 
Amount
 
Ratio(a)
 
Amount
 
Ratio(b)
 
Amount
 
Ratio
Total risk-based capital
$
11,911

 
15.6
%
 
$
6,094

 
8.0
%
 
$
7,618

 
10.0
%
Tier 1 risk-based capital
$
10,907

 
14.3
%
 
$
4,571

 
6.0
%
 
$
6,094

 
8.0
%
Tier 1 leverage
$
10,907

 
11.9
%
 
$
3,671

 
4.0
%
 
$
4,589

 
5.0
%
Common equity Tier I capital
$
10,907

 
14.3
%
 
$
3,428

 
4.5
%
 
$
4,952

 
6.5
%
_______________________
(a)
Capital ratios are calculated based on the Basel III Standardized Approach rules. Capital amounts and ratios at September 30, 2020 in the above tables reflect the application of the CECL regulatory capital transition adjustment.
(b)
At September 30, 2020 and at December 31, 2019, Synchrony Financial and the Bank also must maintain a capital conservation buffer of common equity Tier 1 capital in excess of minimum risk-based capital ratios by at least 2.5 percentage points to avoid limits on capital distributions and certain discretionary bonus payments to executive officers and similar employees.