v3.25.2
Fair Value Measurement - Fair Value Asset and Liabilities Carried at Other than Fair Value (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Carrying Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and equivalents [1] $ 19,457 $ 14,711
Other assets [1],[2] 722 44
Loan receivables, net [3] 89,400 93,785
Deposits 82,262 82,062
Interest receivable, fair value 32 25
Interest payable, fair value 323 339
Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and equivalents [1] 19,457 14,711
Other assets [1],[2] 722 44
Loan receivables, net [3] 102,983 106,632
Deposits 82,372 82,256
Level 1 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and equivalents [1] 18,960 14,711
Other assets [1],[2] 722 44
Loan receivables, net [3] 0 0
Deposits 0 0
Level 2 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and equivalents [1] 497 0
Other assets [1],[2] 0 0
Loan receivables, net [3] 0 0
Deposits 82,372 82,256
Level 3 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and equivalents [1] 0 0
Other assets [1],[2] 0 0
Loan receivables, net [3] 102,983 106,632
Deposits 0 0
Senior Notes | Carrying Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Senior and subordinated unsecured notes 7,669 7,620
Senior Notes | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Senior and subordinated unsecured notes 7,659 7,502
Senior Notes | Level 1 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Senior and subordinated unsecured notes 0 0
Senior Notes | Level 2 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Senior and subordinated unsecured notes 7,659 7,502
Senior Notes | Level 3 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Senior and subordinated unsecured notes 0 0
Variable Interest Entity, Primary Beneficiary | Carrying Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Borrowings of consolidated securitization entities 8,340 7,842
Variable Interest Entity, Primary Beneficiary | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Borrowings of consolidated securitization entities 8,395 7,871
Variable Interest Entity, Primary Beneficiary | Level 1 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Borrowings of consolidated securitization entities 0 0
Variable Interest Entity, Primary Beneficiary | Level 2 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Borrowings of consolidated securitization entities 5,478 4,950
Variable Interest Entity, Primary Beneficiary | Level 3 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Borrowings of consolidated securitization entities $ 2,917 $ 2,921
[1] For cash and equivalents and restricted cash and equivalents, carrying value approximates fair value due to the liquid nature and short maturity of these instruments. Cash equivalent classified as Level 2 represent U.S. Government and Federal Agency debt securities with original maturities of three months or less or acquired within three months or less of their maturity.
[2] This balance relates to restricted cash and equivalents, which is included in Other assets. Excludes accrued interest receivables of $32 million and $25 million at June 30, 2025 and December 31, 2024, respectively, for which carrying value approximates fair value.
[3] xcludes financial assets for which we have elected the fair value option. Under certain retail partner program agreements, the expected sales proceeds in the event of a sale of their credit card portfolio may be limited to the amounts owed by our customers, which may be less than the fair value indicated above.
(d)Excludes accrued interest payable of $323 million and $339 million, included in Accrued expenses and other liabilities, in our Condensed Consolidated Statements of Financial Position at June 30, 2025 and December 31, 2024, respectively, for which carrying values approximate fair value.
(e)Includes demand deposits with no defined maturity