v3.25.2
Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
We conduct our operations through a single business segment, which derives interest and fee income earned on our credit products we offer to our customers.
There have not been any changes to the basis of segmentation or the measurement of performance as compared to the 2024 Form 10-K.
The following table presents segment information for the periods presented herein:
Three months ended June 30,Six months ended June 30,
($ in millions)2025202420252024
Interest and fees on loans
$5,328 $5,301 $10,640 $10,594 
Interest on cash and debt securities258 281 496 556 
Total interest income5,586 5,582 11,136 11,150 
Total interest expense1,065 1,177 2,151 2,340 
Net interest income4,521 4,405 8,985 8,810 
Retailer share arrangements(992)(810)(1,887)(1,574)
Reserve build (release)
(265)70 (362)369 
Net charge-offs
1,411 1,621 2,999 3,206 
Provision for credit losses
1,146 1,691 2,637 3,575 
Other income:
Other income
118 117 267 205 
Gain on sale of business(a)
— — — 1,069 
Total other income
118 117 267 1,274 
Other expense:
Employee costs509 434 1,015 930 
Professional fees236 236 453 456 
Marketing and business development 127 129 243 254 
Information processing 215 207 434 393 
Fraud-related operational losses
34 50 75 100 
Other segment items(b)
124 121 268 250 
Total other expense 1,245 1,177 2,488 2,383 
Provision for income taxes
289 201 516 616 
Net earnings$967 $643 $1,724 $1,936 
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(a)Includes $1.1 billion gain on sale recognized in the six months ended June 30, 2024 related to the sale of Pets Best. See Note 3. Acquisitions and Dispositions to our 2024 annual consolidated financial statements in our 2024 Form 10-K for additional information.
(b)Represents the total amount of other expenses included in net earnings, including postage and various other corporate overhead items such as facilities costs and telephone charges.

Our segment assets represent our total assets as presented on the Condensed Consolidated Statements of Financial Position.