v3.26.1
Condensed Consolidated Statement of Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing revenue and other interest income    
Interest and fees on finance receivables and loans $ 2,658 $ 2,709
Interest on loans held-for-sale 9 5
Interest and dividends on investment securities and other earning assets 234 230
Interest on cash and cash equivalents 81 98
Operating leases 392 351
Total financing revenue and other interest income 3,374 3,393
Interest expense    
Interest on deposits 1,233 1,403
Interest on short-term borrowings 19 1
Interest on long-term debt 265 271
Total interest expense 1,517 1,675
Net depreciation expense on operating lease assets 268 240
Net financing revenue and other interest income 1,589 1,478
Other revenue    
Insurance premiums and service revenue earned 360 364
(Loss) gain on mortgage and automotive loans, net (3) 1
Other loss on investments, net (21) (499)
Other income, net of losses 177 197
Total other revenue 513 63
Total net revenue 2,102 1,541
Provision for credit losses 467 191
Noninterest expense    
Compensation and benefits expense 491 505
Insurance losses and loss adjustment expenses 121 161
Goodwill impairment 0 305
Other operating expenses 623 663
Total noninterest expense 1,235 1,634
Income (loss) from continuing operations before income tax expense (benefit) 400 (284)
Income tax expense (benefit) from continuing operations 81 (59)
Net income (loss) from continuing operations 319 (225)
Net income (loss) 319 (225)
Other comprehensive income, net of tax 13 662
Comprehensive income 332 437
Net income (loss) from continuing operations attributable to common shareholders [1] 291 (253)
Net income (loss) attributable to common shareholders [1] $ 291 $ (253)
Basic weighted-average common shares outstanding (in shares) [1],[2] 310,992 309,006
Diluted weighted-average common shares outstanding (in shares) [1],[2],[3] 313,219 309,006
Basic earnings per common share    
Net income (loss) from continuing operations (in dollars per share) [1] $ 0.94 $ (0.82)
Net income (loss) (in dollars per share) [1] 0.94 (0.82)
Diluted earnings per common share    
Net income (loss) from continuing operations (in dollars per share) [1] 0.93 (0.82)
Net income (loss) (in dollars per share) [1] 0.93 (0.82)
Cash dividends declared per common share (in dollars per share) [1] $ 0.30 $ 0.30
[1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
[2]
(b)Includes shares related to share-based compensation that vested but were not yet issued.
[3]
(c)Due to the antidilutive effect of the net loss from continuing operations for the three months ended March 31, 2025, basic weighted-average common shares outstanding was used to calculate basic and diluted earnings per share. During the three months ended March 31, 2025, there were 2.7 million in share-based awards excluded because their inclusion would have been antidilutive.