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Pay vs Performance Disclosure - USD ($)
 4 Months Ended 8 Months Ended 12 Months Ended
May 03, 2021
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table    
PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K (the “PVP Requirements”), we are providing the following information about the relationship between compensation reported in the summary compensation table (“SCT”) and compensation actually paid (“CAP”) as calculated under the PVP Requirements to our principal executive officer (“PEO”) and our other named executive officers (“NEOs”) and certain financial performance measures. The disclosure covers our four most recent fiscal years, and will expand next year to a rolling five years.
Kenneth S. BoothBrett A. RobertsValue of Initial Fixed $100 Investment Based on: (d)
YearSCT Total for PEO ($) (a)CAP to PEO ($) (b)SCT Total for PEO ($) (a)CAP to PEO ($) (b)Average SCT Total for NEOs ($) (c)CAP to NEOs ($) (b) (c)Total Shareholder Return ($)Peer Group Total Shareholder Return ($)GAAP Net Income ($ in millions)Economic Profit ($ in millions) (e)
2023$1,016,500 $3,552,673 n/an/a$677,825 $1,415,826 $120.40 $152.34 $286.1 $260.5 
20221,015,250 (22,614,425)n/an/a4,418,311 1,709,981 107.24 125.51 535.8 476.6 
202130,526,345 59,123,384 $359,911 (46,514,489)10,101,413 15,536,684 155.47 148.00 958.3 574.1 
2020n/an/a1,039,250 (15,506,950)1,895,287 1,754,780 78.25 116.40 421.0 471.3 

(a)During 2023 and 2022, our PEO was Mr. Booth. During 2021, our PEOs were Mr. Roberts (until his retirement effective May 3, 2021) and Mr. Booth (beginning on May 3, 2021). During 2020, our PEO was Mr. Roberts.

(b)Compensation actually paid, as computed under SEC rules, requires starting with the “Total” column of the SCT and making certain adjustments to reflect adjusted values to equity awards based on stock prices as of year end or the relevant vesting dates, and in the case of our stock option awards, various other accounting valuation assumptions. The following tables reflect the adjustments made to SCT total compensation to compute CAP for our PEO and average CAP for our non-PEO NEOs:
PEOs
202320222021 (Booth)2021 (Roberts)2020
Compensation per SCT$1,016,500 $1,015,250 $30,526,345 $359,911 $1,039,250 
Adjustments related to Stock Options
Deduction for Amounts Reported under the “Option Awards” Column in the SCT
— — (29,623,631)— — 
Increase for Fair Value of Awards Granted during Year that Remain Unvested as of Year end— — 53,755,806 — — 
Increase for Fair Value of Awards Granted during Year that Vested during year— — 4,392,539 — — 
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end2,890,227 (17,456,114)— — — 
Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year(354,054)(6,173,561)— — — 
Adjustments related to RSUs and restricted shares
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end— — — — (17,314,200)
Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year— — 72,325 1,585,200 768,000 
Deduction of Fair Value of Awards Granted Prior to Year that were Forfeited during year— — — (48,459,600)— 
Compensation Actually Paid$3,552,673 $(22,614,425)$59,123,384 $(46,514,489)$(15,506,950)
Non-PEO NEOs
2023202220212020
Compensation per SCT$677,825 $4,418,311 $10,101,413 $1,895,287 
Adjustments related to Stock Options
Deduction for Amounts Reported under the “Option Awards” Column in the SCT
— (1,885,347)(9,403,018)— 
Increase for Fair Value of Awards Granted during Year that Remain Unvested as of Year end— 1,630,624 10,463,258 — 
Increase for Fair Value of Awards Granted during Year that Vested during year— — 4,304,688 — 
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end499,504 (1,554,222)— — 
Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year166,584 (916,535)— — 
Adjustments related to RSUs
Deduction for Amounts Reported under the “Stock Awards” Column in the SCT
— (2,117,650)— — 
Increase for Fair Value of Awards Granted during Year that Remain Unvested as of Year end— 2,134,800 — — 
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end87,495 — — (175,547)
Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year(15,582)— 70,343 35,040 
Compensation Actually Paid$1,415,826 $1,709,981 $15,536,684 $1,754,780 

(c)Our non-PEO NEOs consisted of the following individuals:
2023: Messrs. Busk, Rostami, Smith, and Ulatowski
2022: Messrs. Mohan, Rostami, and Smith and Ms. Rummler
2021: Messrs. Busk, Charles A. Pearce, Smith, and Ulatowski
2020: Messrs. Booth, Pearce, Smith, and Ulatowski
(d)This assumes that $100 was invested in Common Stock and in a market index representing our peer group on January 1, 2020, and assumes the reinvestment of dividends. The peer group market index used for this purpose is the Dow Jones U.S. Financial Services Index.
(e)Economic profit is an important financial performance measure used by the Company to evaluate business decisions and strategies and our financial performance, and is used to link certain compensation actually paid to our non-PEO NEOs to Company performance (Company-Selected Measure). The following is a reconciliation of GAAP net income to economic profit:

(In millions)For the Years Ended December 31,
2023202220212020
GAAP net income$286.1 $535.8 $958.3 $421.0 
Floating yield adjustment (after-tax)(310.1)(196.5)(148.5)(169.6)
GAAP provision for credit losses (after-tax)
566.9 370.7 6.5 428.8 
Senior notes adjustment (after-tax)
(4.2)(2.1)(2.1)4.0 
Income tax adjustment(3.1)12.2 12.6 2.1 
Adjusted net income
535.6 720.1 826.8 686.3 
Adjusted interest expense (after-tax)209.5 130.4 128.5 149.5 
Adjusted net income plus interest expense (after-tax)
745.1 850.5 955.3 835.8 
Less: cost of capital484.6 373.9 381.2 364.5 
Economic profit
$260.5 $476.6 $574.1 $471.3 
      
Company Selected Measure Name     Economic profit      
Named Executive Officers, Footnote    
(c)Our non-PEO NEOs consisted of the following individuals:
2023: Messrs. Busk, Rostami, Smith, and Ulatowski
2022: Messrs. Mohan, Rostami, and Smith and Ms. Rummler
2021: Messrs. Busk, Charles A. Pearce, Smith, and Ulatowski
2020: Messrs. Booth, Pearce, Smith, and Ulatowski
      
Peer Group Issuers, Footnote     This assumes that $100 was invested in Common Stock and in a market index representing our peer group on January 1, 2020, and assumes the reinvestment of dividends. The peer group market index used for this purpose is the Dow Jones U.S. Financial Services Index.      
Adjustment To PEO Compensation, Footnote    
PEOs
202320222021 (Booth)2021 (Roberts)2020
Compensation per SCT$1,016,500 $1,015,250 $30,526,345 $359,911 $1,039,250 
Adjustments related to Stock Options
Deduction for Amounts Reported under the “Option Awards” Column in the SCT
— — (29,623,631)— — 
Increase for Fair Value of Awards Granted during Year that Remain Unvested as of Year end— — 53,755,806 — — 
Increase for Fair Value of Awards Granted during Year that Vested during year— — 4,392,539 — — 
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end2,890,227 (17,456,114)— — — 
Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year(354,054)(6,173,561)— — — 
Adjustments related to RSUs and restricted shares
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end— — — — (17,314,200)
Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year— — 72,325 1,585,200 768,000 
Deduction of Fair Value of Awards Granted Prior to Year that were Forfeited during year— — — (48,459,600)— 
Compensation Actually Paid$3,552,673 $(22,614,425)$59,123,384 $(46,514,489)$(15,506,950)
      
Non-PEO NEO Average Total Compensation Amount     $ 677,825 $ 4,418,311 $ 10,101,413 $ 1,895,287
Non-PEO NEO Average Compensation Actually Paid Amount     $ 1,415,826 1,709,981 15,536,684 1,754,780
Adjustment to Non-PEO NEO Compensation Footnote    
Non-PEO NEOs
2023202220212020
Compensation per SCT$677,825 $4,418,311 $10,101,413 $1,895,287 
Adjustments related to Stock Options
Deduction for Amounts Reported under the “Option Awards” Column in the SCT
— (1,885,347)(9,403,018)— 
Increase for Fair Value of Awards Granted during Year that Remain Unvested as of Year end— 1,630,624 10,463,258 — 
Increase for Fair Value of Awards Granted during Year that Vested during year— — 4,304,688 — 
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end499,504 (1,554,222)— — 
Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year166,584 (916,535)— — 
Adjustments related to RSUs
Deduction for Amounts Reported under the “Stock Awards” Column in the SCT
— (2,117,650)— — 
Increase for Fair Value of Awards Granted during Year that Remain Unvested as of Year end— 2,134,800 — — 
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end87,495 — — (175,547)
Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year(15,582)— 70,343 35,040 
Compensation Actually Paid$1,415,826 $1,709,981 $15,536,684 $1,754,780 
      
Compensation Actually Paid vs. Total Shareholder Return    
PVP Graph GIF - TSR.gif
      
Compensation Actually Paid vs. Net Income    
PVP Graph GIF - Net Income.gif
      
Compensation Actually Paid vs. Company Selected Measure    
PVP Graph GIF - Economic Profit.gif
      
Tabular List, Table    
Company Performance Metrics. Listed below are the financial performance measures, including the Company-Selected Measure, which in our assessment represent the most important financial performance measures we used in 2023 to link CAP to the Company’s named executive officers to Company performance. For 2023, the Company used fewer than three financial performance metrics to link CAP to the Company’s named executive officers to Company performance.

MeasureNatureExplanation
Economic ProfitFinancial MeasureEconomic profit is a non-GAAP financial measure we use to evaluate our financial results and determine profit-sharing for team members, which is available to all team members including named executive officers, with the exception of our Chief Executive Officer.
Share priceFinancial MeasureOur stock option awards provide value only if the market price of our Common Stock increases above the exercise price of the stock options.
     
Total Shareholder Return Amount     $ 120.40 107.24 155.47 78.25
Peer Group Total Shareholder Return Amount     152.34 125.51 148.00 116.40
Net Income (Loss)     $ 286.1 $ 535.8 $ 958.3 $ 421.0
Company Selected Measure Amount     260.5 476.6 574.1 471.3
PEO Name Brett A. Roberts Kenneth S. Booth Kenneth S. Booth Kenneth S. Booth   Brett A. Roberts
Measure:: 1            
Pay vs Performance Disclosure            
Name     Economic Profit      
Non-GAAP Measure Description     Economic profit is a non-GAAP financial measure we use to evaluate our financial results and determine profit-sharing for team members, which is available to all team members including named executive officers, with the exception of our Chief Executive Officer.      
Measure:: 2            
Pay vs Performance Disclosure            
Name     Share price      
Non-GAAP Measure Description     Our stock option awards provide value only if the market price of our Common Stock increases above the exercise price of the stock options.      
Kenneth S. Booth [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount   $ 30,526,345 $ 1,016,500 $ 1,015,250 $ 30,526,345  
PEO Actually Paid Compensation Amount   59,123,384 3,552,673 (22,614,425) 59,123,384  
Brett A. Roberts [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount $ 359,911       359,911 $ 1,039,250
PEO Actually Paid Compensation Amount (46,514,489)       (46,514,489) (15,506,950)
PEO | Kenneth S. Booth [Member] | Deduction for Amounts Reported under the “Option Awards” Column in the SCT [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (29,623,631) 0 0    
PEO | Kenneth S. Booth [Member] | Increase for Fair Value of Option Awards Granted during Year that Remain Unvested as of Year end [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   53,755,806 0 0    
PEO | Kenneth S. Booth [Member] | Increase for Fair Value of Option Awards Granted during Year that Vested during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   4,392,539 0 0    
PEO | Kenneth S. Booth [Member] | Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Option Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 2,890,227 (17,456,114)    
PEO | Kenneth S. Booth [Member] | Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Option Awards Granted Prior to year that Vested during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 (354,054) (6,173,561)    
PEO | Kenneth S. Booth [Member] | Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Stock Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0    
PEO | Kenneth S. Booth [Member] | Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Stock Awards Granted Prior to year that Vested during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   72,325 0 0    
PEO | Kenneth S. Booth [Member] | Deduction of Fair Value of Stock Awards Granted Prior to Year that were Forfeited during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   $ 0 0 0    
PEO | Brett A. Roberts [Member] | Deduction for Amounts Reported under the “Option Awards” Column in the SCT [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 0         0
PEO | Brett A. Roberts [Member] | Increase for Fair Value of Option Awards Granted during Year that Remain Unvested as of Year end [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 0         0
PEO | Brett A. Roberts [Member] | Increase for Fair Value of Option Awards Granted during Year that Vested during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 0         0
PEO | Brett A. Roberts [Member] | Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Option Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 0         0
PEO | Brett A. Roberts [Member] | Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Option Awards Granted Prior to year that Vested during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 0         0
PEO | Brett A. Roberts [Member] | Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Stock Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 0         (17,314,200)
PEO | Brett A. Roberts [Member] | Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Stock Awards Granted Prior to year that Vested during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 1,585,200         768,000
PEO | Brett A. Roberts [Member] | Deduction of Fair Value of Stock Awards Granted Prior to Year that were Forfeited during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount $ (48,459,600)         0
Non-PEO NEO | Deduction for Amounts Reported under the “Option Awards” Column in the SCT [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0 (1,885,347) (9,403,018) 0
Non-PEO NEO | Increase for Fair Value of Option Awards Granted during Year that Remain Unvested as of Year end [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0 1,630,624 10,463,258 0
Non-PEO NEO | Increase for Fair Value of Option Awards Granted during Year that Vested during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0 0 4,304,688 0
Non-PEO NEO | Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Option Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     499,504 (1,554,222) 0 0
Non-PEO NEO | Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Option Awards Granted Prior to year that Vested during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     166,584 (916,535) 0 0
Non-PEO NEO | Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Stock Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     87,495 0 0 (175,547)
Non-PEO NEO | Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Stock Awards Granted Prior to year that Vested during year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (15,582) 0 70,343 35,040
Non-PEO NEO | Deduction for Amounts Reported under the “Stock Awards” Column in the SCT [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0 (2,117,650) 0 0
Non-PEO NEO | Increase for Fair Value of Stock Awards Granted during Year that Remain Unvested as of Year end [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     $ 0 $ 2,134,800 $ 0 $ 0