Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2026

Variable Interest Entities [Abstract]

The table below summarizes the assets and liabilities of our consolidated securitization VIEs described above:


($ in millions)	September 30, 2026		December 31, 2025
Assets
Loan receivables, net(a)	$	19,922	$	20,457

Other assets(b)	799		46
Total	$	20,721	$	20,503

Liabilities
Borrowings	$	8,915	$	8,415
Other liabilities	27		28
Total	$	8,942	$	8,443

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(a) Includes $2.0 billion and $1.9 billion of related allowance for credit losses resulting in gross restricted loan receivables of $21.9 billion and $22.4 billion at September 30, 2026 and December 31, 2025, respectively.

(b) Includes $794 million and $42 million of segregated funds held by the VIEs at September 30, 2026 and December 31, 2025, respectively, which are classified as restricted cash and equivalents and included as a component of Other assets in our Condensed Consolidated Statements of Financial Position.

The table below summarizes selected financial metrics of our consolidated securitization VIEs described above:


	Three months ended September 30,				Nine months ended September 30,
($ in millions)	2026		2025		2026		2025
Interest and fees on loans	$	1,146	$	1,115	$	3,415	$	3,232
Provision for credit losses	$	221	$	140	$	682	$	602
Interest expense	$	106	$	105	$	323	$	313

Schedule of Amortization Expense, Tax Credits and Other Tax Benefits Associated with Investments in Affordable Housing Properties

The table below summarizes amortization expense and tax credits and other tax benefits associated with investments in affordable housing properties included in Provision for income taxes in our Condensed Consolidated Statements of Earnings:


	Three months ended September 30,				Nine months ended September 30,
($ in millions)	2026		2025		2026		2025
Amortization expense	$	39	$	35	$	118	$	108
Tax credits and other benefits	$	(47)	$	(45)	$	(144)	$	(133)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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