Discover Financial Services (DFS) 10-K20 Feb 192018 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information Document - USD ($)	12 Months Ended
Document and Entity Information Document - USD ($)	Dec. 31, 2018	Feb. 15, 2019	Jun. 30, 2018
Document Information [Line Items]
Document type	10-K
Amendment flag	false
Document period end date	Dec. 31, 2018
Document fiscal year focus	2,018
Document fiscal period focus	FY
Entity registrant name	Discover Financial Services
Entity central index key	1,393,612
Current fiscal year end date	--12-31
Entity filer category	Large Accelerated Filer
Emerging growth company	false
Smaller reporting company	false
Entity common stock, shares outstanding		328,386,672
Entity well-known seasoned issuer	Yes
Entity voluntary filers	No
Entity current reporting status	Yes
Entity Shell Company	false
Entity public float			$ 24,123,706,276

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 13,299	$ 13,306
Restricted cash	1,846	81
Investment securities (includes $3,133 and $1,395 at fair value at December 31, 2018 and 2017, respectively)	3,370	1,568
Loan receivables
Loan receivables	90,512	84,248
Allowance for loan losses	(3,041)	(2,621)
Net loan receivables	87,471	81,627
Premises and equipment, net	936	825
Goodwill	255	255
Intangible assets, net	161	163
Other assets	2,215	2,262
Total assets	109,553	100,087
Deposits
Interest-bearing deposit accounts	67,084	58,165
Non-interest bearing deposit accounts	675	599
Total deposits	67,759	58,764
Long-term borrowings	27,228	26,326
Accrued expenses and other liabilities	3,436	4,105
Total liabilities	98,423	89,195
Commitments, contingencies and guarantees (Notes 15, 18 and 19)
Stockholders’ Equity
Common stock, par value $0.01 per share; 2,000,000,000 shares authorized; 564,851,848 and 563,497,702 shares issued at December 31, 2018 and 2017, respectively	6	6
Preferred stock, par value $0.01 per share; 200,000,000 shares authorized; 5,700 shares issued and outstanding and aggregate liquidation preference of $570 at December 31, 2018 and 2017	563	563
Additional paid-in capital	4,130	4,042
Retained earnings	18,906	16,687
Accumulated other comprehensive loss	(156)	(152)
Treasury stock, at cost; 233,406,005 and 205,577,507 shares at December 31, 2018 and 2017, respectively	(12,319)	(10,254)
Total stockholders’ equity	11,130	10,892
Total liabilities and stockholders’ equity	109,553	100,087
Variable Interest Entity, Primary Beneficiary [Member]
Assets
Restricted cash	1,846	81
Loan receivables
Loan receivables	33,424	31,781
Allowance for loan losses	(1,150)	(998)
Other assets	7	5
Deposits
Long-term borrowings	16,917	16,536
Accrued expenses and other liabilities	$ 18	$ 16

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)		Dec. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Amount of total investment securities at fair value (in dollars)	[1]	$ 3,133,000,000	$ 1,395,000,000
Common stock, par value per share (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized		2,000,000,000	2,000,000,000
Common stock, shares issued		564,851,848	563,497,702
Preferred stock, par value per share (in dollars per share)		$ 0.01	$ 0.01
Preferred stock, shares authorized		200,000,000	200,000,000
Preferred stock, shares issued		5,700	5,700
Preferred stock, shares outstanding		5,700	5,700
Preferred stock, liquidation preference (in dollars)		$ 570,000,000	$ 570,000,000
Treasury stock, shares		233,406,005	205,577,507

[1]	Available-for-sale investment securities are reported at fair value.

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Interest income
Credit card loans	$ 8,835	$ 7,907	$ 7,155
Other loans	1,726	1,560	1,361
Investment securities	40	27	38
Other interest income	292	154	62
Total interest income	10,893	9,648	8,616
Interest expense
Deposits	1,238	846	687
Long-term borrowings	901	802	711
Total interest expense	2,139	1,648	1,398
Net interest income	8,754	8,000	7,218
Provision for loan losses	3,035	2,579	1,859
Net interest income after provision for loan losses	5,719	5,421	5,359
Other income
Discount and interchange revenue, net	1,074	1,052	1,055
Protection products revenue	204	223	239
Loan fee income	402	363	343
Transaction processing revenue	178	167	155
Other income	97	92	89
Total other income	1,955	1,897	1,881
Other expense
Employee compensation and benefits	1,627	1,512	1,379
Marketing and business development	857	776	731
Information processing and communications	350	315	339
Professional fees	672	655	605
Premises and equipment	102	99	95
Other expense	469	424	435
Total other expense	4,077	3,781	3,584
Income before income tax expense	3,597	3,537	3,656
Income tax expense	855	1,438	1,263
Net income	2,742	2,099	2,393
Net income allocated to common stockholders	$ 2,689	$ 2,031	$ 2,339
Basic earnings per common share (in dollars per share)	$ 7.81	$ 5.43	$ 5.77
Diluted earnings per common share (in dollars per share)	$ 7.79	$ 5.42	$ 5.77

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Net income	$ 2,742	$ 2,099	$ 2,393
Other comprehensive income (loss), net of taxes
Unrealized gains (losses) on available-for-sale investment securities, net of tax	16	(2)	(3)
Unrealized gains on cash flow hedges, net of tax	9	23	7
Unrealized pension and post-retirement plan gains (losses), net of tax	0	(12)	(5)
Other comprehensive income (loss)	25	9	(1)
Comprehensive income	$ 2,767	$ 2,108	$ 2,392

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss		Treasury Stock [Member]	Series B Preferred Stock [Member]	Series B Preferred Stock [Member]Preferred Stock [Member]	Series B Preferred Stock [Member]Retained Earnings [Member]	Series C Preferred Stock [Member]	Series C Preferred Stock [Member]Preferred Stock [Member]	Series C Preferred Stock [Member]Retained Earnings [Member]
Preferred stock, shares outstanding, balance at beginning of period (in shares) at Dec. 31, 2015		575,000
Common stock, shares outstanding, balance at beginning of period (in shares) at Dec. 31, 2015			560,679,000
Stockholders' equity, balance at beginning of period at Dec. 31, 2015	$ 11,275	$ 560	$ 5	$ 3,885	$ 13,250	$ (160)		$ (6,265)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,393				2,393
Other comprehensive income (loss)	(1)					(1)
Purchases of treasury stock	(1,908)							(1,908)
Common stock issued under employee benefit plans (in shares)			81,000
Common stock issued under employee benefit plans	4		$ 0	4
Common stock issued and stock-based compensation expense (in shares)			1,654,000
Common stock issued and stock-based compensation expense	73		$ 0	73
Dividends — common stock	(476)				(476)
Dividends — preferred stock	(37)								$ (37)		$ (37)
Preferred stock, shares outstanding, balance at end of period (in shares) at Dec. 31, 2016		575,000
Common stock, shares outstanding, balance at end of period (in shares) at Dec. 31, 2016			562,414,000
Stockholders' equity, balance at end of period at Dec. 31, 2016	11,323	$ 560	$ 5	3,962	15,130	(161)		(8,173)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,099				2,099
Other comprehensive income (loss)	9					9
Purchases of treasury stock	(2,081)							(2,081)
Common stock issued under employee benefit plans (in shares)			79,000
Common stock issued under employee benefit plans	5		$ 0	5
Common stock issued and stock-based compensation expense (in shares)			1,005,000
Common stock issued and stock-based compensation expense	76		$ 1	75
Dividends — common stock	(490)				(490)
Dividends — preferred stock	$ (37)								(37)		(37)
Redemption of Series B preferred stock (in shares)										(575,000)
Redemption of Series B preferred stock									$ (575)	$ (560)
Redemption of Series B preferred stock, deferred issuance costs										$ (15)	$ (15)
Issuance of Series C preferred stock (in shares)													6,000
Issuance of Series C preferred stock												$ 563	$ 563
Preferred stock, shares outstanding, balance at end of period (in shares) at Dec. 31, 2017	5,700	6,000
Common stock, shares outstanding, balance at end of period (in shares) at Dec. 31, 2017			563,498,000
Stockholders' equity, balance at end of period at Dec. 31, 2017	$ 10,892	$ 563	$ 6	4,042	16,687	(152)		(10,254)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of ASU No. 2018-02 adoption	0				29	(29)	[1]
Net income	2,742				2,742
Other comprehensive income (loss)	25					25
Purchases of treasury stock	(2,065)							(2,065)
Common stock issued under employee benefit plans (in shares)			96,000
Common stock issued under employee benefit plans	6		$ 0	6
Common stock issued and stock-based compensation expense (in shares)			1,258,000
Common stock issued and stock-based compensation expense	82		$ 0	82
Dividends — common stock	(521)				(521)
Dividends — preferred stock	$ (31)											$ (31)		$ (31)
Preferred stock, shares outstanding, balance at end of period (in shares) at Dec. 31, 2018	5,700	6,000
Common stock, shares outstanding, balance at end of period (in shares) at Dec. 31, 2018			564,852,000
Stockholders' equity, balance at end of period at Dec. 31, 2018	$ 11,130	$ 563	$ 6	$ 4,130	$ 18,906	$ (156)		$ (12,319)

[1]	Represents the adjustment to AOCI as a result of adoption of ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, in the second quarter of 2018.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Stockholders' Equity [Abstract]
Dividends declared, common stock (dollars per share)	$ 1.5	$ 1.3	$ 1.16
Dividends declared, preferred stock (dollars per share)	$ 5,500	$ 65	$ 65

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Millions	12 Months Ended
Consolidated Statements of Cash Flows $ in Millions	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Cash flows from operating activities
Net income	$ 2,742	$ 2,099	$ 2,393
Adjustments to reconcile net income to net cash provided by operating activities
Provision for loan losses	3,035	2,579	1,859
Depreciation and amortization	435	393	351
Amortization of deferred revenues and accretion of accretable yield on acquired loans	(403)	(399)	(395)
Net loss on investments and other assets	45	55	57
Other, net	(107)	361	113
Changes in assets and liabilities
Increase in other assets	(7)	(502)	(187)
(Decrease) increase in accrued expenses and other liabilities	(549)	622	234
Net cash provided by operating activities	5,191	5,208	4,425
Cash flows from investing activities
Maturities of available-for-sale investment securities	838	200	1,342
Purchases of available-for-sale investment securities	(2,554)	0	0
Maturities of held-to-maturity investment securities	18	16	24
Purchases of held-to-maturity investment securities	(82)	(40)	(56)
Net principal disbursed on loans originated for investment	(8,480)	(8,701)	(5,978)
Proceeds from returns of investment	0	17	0
Purchases of other investments	(65)	(65)	(51)
Purchases of premises and equipment	(254)	(218)	(179)
Net cash used for investing activities	(10,579)	(8,791)	(4,898)
Cash flows from financing activities
Proceeds from issuance of securitized debt	4,766	5,059	3,070
Maturities and repayment of securitized debt	(4,447)	(4,959)	(3,419)
Proceeds from issuance of other long-term borrowings	2,233	1,127	1,122
Maturities and repayment of other long-term borrowings	(1,756)	(404)	0
Proceeds from issuance of common stock	6	5	7
Purchases of treasury stock	(2,065)	(2,081)	(1,908)
Net increase in deposits	8,961	6,753	4,453
Proceeds from issuance of preferred stock	0	563	0
Payments on redemption of preferred stock	0	(575)	0
Dividends paid on common and preferred stock	(552)	(527)	(514)
Net cash provided by financing activities	7,146	4,961	2,811
Net increase in cash, cash equivalents and restricted cash	1,758	1,378	2,338
Cash, cash equivalents and restricted cash, at beginning of period	13,387	12,009	9,671
Cash, cash equivalents and restricted cash, at end of period	15,145	13,387	12,009
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	13,299	13,306	11,914
Restricted cash	1,846	81	95
Cash paid during the period for
Interest expense	1,847	1,396	1,211
Income taxes, net of income tax refunds	$ 650	$ 1,424	$ 1,300

Background and Basis of Present

Background and Basis of Presentation	12 Months Ended
Background and Basis of Presentation	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	Background and Basis of Presentation Description of Business Discover Financial Services (“DFS” or the “Company”) is a direct banking and payment services company. The Company is a bank holding company under the Bank Holding Company Act of 1956 as well as a financial holding company under the Gramm-Leach-Bliley Act and therefore is subject to oversight, regulation and examination by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). The Company provides direct banking products and services and payment services through its subsidiaries. The Company offers its customers credit card loans, private student loans, personal loans, home equity loans and deposit products. The Company also operates the Discover Network, the PULSE network (“PULSE”) and Diners Club International (“Diners Club”). The Discover Network processes transactions for Discover-branded credit and debit cards and provides payment transaction processing and settlement services. PULSE operates an electronic funds transfer network, providing financial institutions issuing debit cards on the PULSE network with access to ATMs domestically and internationally, as well as point-of-sale (“POS”) terminals at retail locations throughout the U.S. for debit card transactions. Diners Club is a global payments network of licensees, which are generally financial institutions, that issue Diners Club branded charge cards and/or provide card acceptance services. The Company’s business activities are managed in two segments, Direct Banking and Payment Services, based on the products and services provided. For a detailed description of the operations of each segment, as well as the allocation conventions used in business segment reporting, see Note 22: Segment Disclosures. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. The Company believes that the estimates used in the preparation of the consolidated financial statements are reasonable. Actual results could differ from these estimates. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. The Company’s policy is to consolidate all entities in which it owns more than 50% of the outstanding voting stock unless it does not control the entity. However, the Company did not have a controlling voting interest in any entity other than its wholly-owned subsidiaries in the periods presented in the accompanying consolidated financial statements. It is also the Company’s policy to consolidate any VIE for which the Company is the primary beneficiary, as defined by GAAP. On this basis, the Company consolidates the Discover Card Master Trust I (“DCMT”) and the Discover Card Execution Note Trust (“DCENT”) as well as two student loan securitization trusts. The Company is deemed to be the primary beneficiary of each of these trusts since it is, for each, the trust servicer and the holder of both the residual interest and the majority of the most subordinated interests. Because of those involvements, the Company has, for each trust, (i) the power to direct the activities that most significantly impact the economic performance of the trust, and (ii) the obligation (or right) to absorb losses (or receive benefits) of the trust that could potentially be significant. The Company has determined that it was not the primary beneficiary of any other VIE during the years ended December 31, 2018, 2017 and 2016 . For investments in any entities in which the Company owns 50% or less of the outstanding voting stock but in which the Company has significant influence over operating and financial decisions, the Company applies the equity method of accounting. The Company also applies the equity method to its investments in qualified affordable housing projects and similar tax credit partnerships. In cases where the Company’s equity investment is less than 20% and significant influence does not exist, such investments are carried at cost, adjusted for any impairment in value. Recently Issued Accounting Pronouncements In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The ASU permits, but does not require, issuers to reclassify into retained earnings any tax effects that are stranded in accumulated other comprehensive income (“AOCI”) as a result of the change in the statutory federal tax rate enacted by the Tax Cuts and Jobs Act of 2017 (“TCJA”). Tax effects that are stranded in AOCI for other reasons, such as prior changes in tax law or changes in a valuation allowance, may not be reclassified directly through retained earnings. The guidance is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company early adopted the ASU as of April 1, 2018, resulting in a reclassification from AOCI to retained earnings that did not have a material impact to the Company's consolidated financial statements. See Note 13: Accumulated Other Comprehensive Income for additional details on adoption of this standard. The Company's policy is to adjust the tax effects of a component of AOCI in the same period in which the item is sold or otherwise derecognized, or when the carrying value of the item is remeasured. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The purpose of this ASU is to simplify the test for goodwill impairment by eliminating Step 2 of the current impairment test. Under the current rules, if the reporting unit’s carrying value exceeds its fair value (Step 1), goodwill impairment is measured as the difference between the carrying value of goodwill and its implied fair value. To compute the implied fair value of goodwill under Step 2, an entity has to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Under the new standard, the Company will perform its annual goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. The Company should recognize an impairment charge, if any, for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments in this ASU apply to the Company’s annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The amendments in this ASU apply on a prospective basis. All of the Company’s recorded goodwill is associated with its PULSE debit business. The Company elected to early adopt this ASU effective with its goodwill impairment test as of October 1, 2018. This ASU has no impact on cash flows and its adoption did not have any impact on the Company’s consolidated financial condition or results of operations because the estimated fair value of the PULSE reporting unit is well in excess of its carrying value. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This ASU replaces the incurred loss model with the current expected credit loss (“CECL”) approach. For loans carried at amortized cost, the allowance for loan losses will be based on management’s current estimate of all expected credit losses over the remaining contractual term of the loans. Upon the origination of a loan, the Company will have to record its estimate of all expected credit losses on that loan through an immediate charge to earnings. Updates to that estimate each period will be recorded through provision expense. The CECL estimate is to be based on historical experience, current conditions and reasonable and supportable forecasts. The CECL approach is expected to increase the Company’s allowance for loan losses as a result of: (1) encompassing expected losses, not simply those deemed to be already incurred, (2) extending the loss estimate period over the entire life of the loan and (3) reclassification of the credit loss component of the purchased credit-impaired (“PCI”) loan portfolio out of loan carrying value and into the allowance for loan losses. The allowance for loan losses on all loans carried at amortized cost, including PCI loans and loans modified in a troubled debt restructuring (“TDR”) will be measured under the CECL approach. Existing specialized measurement guidance for PCI loans, which the ASU refers to as purchased credit-deteriorated (“PCD”), and TDRs will be eliminated, although certain separate disclosure guidance will be retained. Measurement of credit impairment of available-for-sale debt securities will generally remain unchanged under the new rules, but any such impairment will be recorded through an allowance, rather than a direct write-down of the security. The ASU is effective for the Company on January 1, 2020. A cross-functional governance structure is in place to oversee the implementation of the standard. The Company is finalizing the development of loss forecasting models, technological solutions and processes to satisfy the requirements of the new standard. Management is evaluating key accounting interpretations and the time period over which losses can be reasonably estimated. Upon adoption, the allowance for loan losses is expected to increase with an offsetting adjustment to retained earnings. Additionally, the carrying value of PCD loans will be increased through an offsetting addition to the allowance for loan losses. Adoption of the standard has the potential to materially impact stockholders’ equity and regulatory capital as well as the Company’s consolidated financial condition and results of operations. The extent of the impact upon adoption will likely depend on the characteristics of the Company's loan portfolio and economic conditions at that date, as well as forecasted conditions thereafter. In March 2016, the FASB issued ASU No. 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net). This guidance became effective for the Company on January 1, 2018, along with ASU 2014-09, Revenue from Contracts with Customers (Topic 606), discussed below. This ASU did not result in a change to the accounting or reporting of the Company's revenue arrangements that involve a principal-agent relationship. Therefore, its adoption has had no impact on the Company's consolidated financial condition, results of operations or cash flows. The guidance in this ASU provides clarification on the principal versus agent concept in relation to revenue recognition guidance issued as part of ASU 2014-09. Topic 606 requires a company to determine whether it is a principal or an agent in a transaction in which another party is involved in providing goods or services to a customer by evaluating the nature of its promise to the customer. ASU 2016-08 provides clarification for identifying the good, service or right being transferred in a revenue transaction and identifies the principal as the party that controls the good, service or right prior to its transfer to the customer. The ASU provides further clarity on how to evaluate control in this context. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The guidance will require lessees to capitalize most leases on their balance sheet whereas under current GAAP only capital leases are recognized on the lessee’s balance sheet. Leases which today are identified as capital leases will generally be identified as financing leases under the new guidance but otherwise their accounting treatment will remain relatively unchanged. Leases identified today as operating leases will generally remain in that category under the new standard, but both a right-of-use asset and a liability for remaining lease payments will now be required to be recognized on the balance sheet for this type of lease. The manner in which expenses associated with all leases are reported on the income statement will remain mostly unchanged. Lessor accounting also remains substantially unchanged by the new standard. The new guidance is effective on January 1, 2019 and the Company is prepared to implement the standard. The Company will recognize a cumulative-effect adjustment to the opening balance of retained earnings as of the effective date without adjusting comparative periods. Management has determined that the standard will not have a material impact on the Company’s consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The guidance in this ASU supersedes existing revenue recognition requirements in Topic 605, Revenue Recognition, including an assortment of transaction-specific and industry-specific rules. The new revenue recognition model became effective for the Company on January 1, 2018. The model generally results in the same revenue recognition patterns as have historically been applied to the Company’s revenues that are subject to this guidance. The timing and measurement of fee revenues associated with the Company’s credit card arrangements and costs associated with the Company’s credit card reward programs have not been affected as a result of the adoption of Accounting Standards Codification ("ASC") Topic 606. Accounting and reporting for the Company’s transaction processing services, including discount and interchange revenue and other transaction processing fees, remains substantially unchanged from treatments under GAAP in effect prior to 2018. As permitted by the ASU, management elected to adopt this standard using a modified retrospective approach, which means that the cumulative effect of initially applying the standard was recognized at the date of initial application through an adjustment to beginning retained earnings, but no restatement of prior periods was made. Based on its evaluations, management concluded that no adjustment to beginning retained earnings was required as of January 1, 2018, the date of adoption. See Note 23: Revenue from Contracts with Customers for additional information resulting from this standard.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Cash and Cash Equivalents Cash and cash equivalents is defined by the Company as cash on deposit with banks, including time deposits and other highly liquid investments, with maturities of 90 days or less when purchased. Cash and cash equivalents included $728 million and $1.3 billion of cash and due from banks and $12.6 billion and $12.0 billion of interest-earning deposits at other banks at December 31, 2018 and 2017 , respectively. Restricted Cash Restricted cash includes cash for which the Company’s ability to withdraw funds at any time is contractually limited. Restricted cash is generally designated for specific purposes arising out of certain contractual or other obligations. Investment Securities At December 31, 2018 , investment securities consisted of U.S. Treasury obligations and mortgage-backed securities issued by government agencies. Investment securities that the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity and are reported at amortized cost. All other investment securities are classified as available-for-sale, as the Company does not hold investment securities for trading purposes. Available-for-sale investment securities are reported at fair value with unrealized gains and losses, net of tax, reported as a component of AOCI included in stockholders’ equity. The Company estimates the fair value of available-for-sale investment securities as more fully discussed in Note 20: Fair Value Measurements. The amortized cost for each held-to-maturity and available-for-sale investment security is adjusted for amortization of premiums or accretion of discounts, as appropriate. Such amortization or accretion is included in interest income. The Company evaluates its unrealized loss positions for other-than-temporary impairment in accordance with GAAP applicable for investments in debt securities. Realized gains and losses and the credit loss portion of other-than-temporary impairments related to investment securities are determined at the individual security level and are reported in other income. Loan Receivables Loan receivables consist of credit card receivables, other loans and PCI loans. Loan receivables also include unamortized net deferred loan origination fees and costs (also see “— Significant Revenue Recognition Accounting Policies — Loan Interest and Fee Income”). Credit card loan receivables are reported at their principal amounts outstanding and include uncollected billed interest and fees and are reduced for unearned revenue related to balance transfer fees (also see “— Significant Revenue Recognition Accounting Policies — Loan Interest and Fee Income”). Other loans consist of student loans, personal loans and other loans and are reported at their principal amounts outstanding. For student loans, principal amounts outstanding also include accrued interest that has been capitalized. The Company’s loan receivables are deemed to be held for investment at origination or acquisition because management has the intent and ability to hold them for the foreseeable future. Cash flows associated with loans originated or acquired for investment are classified as cash flows from investing activities, regardless of a subsequent change in intent. Purchased Credit-Impaired Loans PCI loans are loans acquired at prices that reflected a discount related to deterioration in individual loan credit quality since origination. The Company’s PCI loans are comprised entirely of acquired private student loans. The PCI student loans were aggregated into pools based on common risk characteristics at the time of their acquisition. Loans were grouped primarily on the basis of origination date as loans originated in a particular year generally reflect the application of common origination strategies and/or underwriting criteria. Each pool is accounted for as a single asset and each has a single composite interest rate, total contractual cash flows and total expected cash flows. Interest income on PCI loans is recognized on the basis of expected cash flows rather than contractual cash flows. The total amount of interest income recognizable on a pool of PCI loans (i.e., its accretable yield) is the difference between the carrying amount of the loan pool and the future cash flows expected to be collected without regard to whether the expected cash flows represent principal or interest collections. Interest is recognized on an effective yield basis over the life of the loan pool. The initial estimates of the fair value of the PCI student loans included the impact of expected credit losses, and therefore, no allowance for loan losses was recorded as of the purchase dates. The difference between contractually required cash flows and cash flows expected to be collected, as measured at the acquisition dates, is not permitted to be accreted. Charge-offs are absorbed by this non-accretable difference and do not result in a charge to earnings. However, as noted below, a charge to provision expense may be necessary to the extent that expected credit losses increase after the acquisition date. The estimate of cash flows expected to be collected is evaluated each reporting period to ensure it reflects management’s latest expectations of future credit losses and borrower prepayments, and interest rates in effect in the current period. To the extent expected credit losses increase after the acquisition dates, the Company will record an allowance for loan losses through the provision for loan losses, which will reduce net income. Changes in expected cash flows related to changes in prepayments or interest rate indices for variable rate loans generally are recorded prospectively as adjustments to interest income. To the extent that a significant increase in cash flows due to lower expected losses is deemed probable, the Company will first reverse any previously established allowance for loan losses and then increase the amount of remaining accretable yield. The increase to yield would be recognized prospectively over the remaining life of the loan pool. An increase in the accretable yield would reduce the remaining non-accretable difference available to absorb subsequent charge-offs. Disposals of loans, which may include sales of loans or receipt of payments in full from the borrower or charge-offs, result in removal of the loans from their respective pools. Delinquent Loans and Charge-Offs The entire balance of an account is contractually past due if the minimum payment is not received by the specified date on the customer’s billing statement. Delinquency is reported on loans that are 30 days or more past due. Credit card loans are charged off at the end of the month during which an account becomes 180 days past due. Closed-end consumer loan receivables are charged off at the end of the month during which an account becomes 120 days contractually past due. Customer bankruptcies and probate accounts are charged off at the end of the month 60 days following the receipt of notification of the bankruptcy or death, but not later than the 180-day or 120-day time frame described above. Receivables associated with alleged or potential fraudulent transactions are adjusted to their net realizable value upon receipt of notification of such fraud through a charge to other expense and are subsequently written off at the end of the month 90 days following notification, but not later than the contractual 180-day or 120-day time frame described above. The Company’s charge-off policies are designed to comply with guidelines established by the Federal Financial Institutions Examination Council (“FFIEC”). The Company’s net charge-offs include the principal amount of loans charged off less principal recoveries and exclude charged-off interest and fees, recoveries of interest and fees and fraud losses. The practice of re-aging an account also may affect loan delinquencies and charge-offs. A re-age is intended to assist delinquent customers who have experienced financial difficulties but who demonstrate both an ability and willingness to repay. Accounts meeting specific criteria are re-aged when the Company and the customer agree on a temporary repayment schedule that may include concessionary terms. With re-aging, the outstanding balance of a delinquent account is returned to a current status. Customers may also qualify for a workout re-age when either a longer term or permanent hardship exists. The Company’s re-age practices are designed to comply with FFIEC guidelines. Allowance for Loan Losses The Company maintains an allowance for loan losses at a level that is appropriate to absorb probable losses inherent in the loan portfolio. The estimate of probable incurred losses considers uncollectible principal, interest and fees associated with the Company’s loan receivables. The allowance is evaluated quarterly for appropriateness and is maintained through an adjustment to the provision for loan losses. Charge-offs of principal amounts of loans outstanding are deducted from the allowance and subsequent recoveries of such amounts increase the allowance. Charge-offs of loan balances representing unpaid interest and fees result in a reversal of interest and fee income, respectively, which is effectively a reclassification of provision of loan losses (also see “— Significant Revenue Recognition Accounting Policies — Loan Interest and Fee Income”). The Company calculates its allowance for loan losses by estimating probable losses separately for classes of the loan portfolio with similar loan characteristics, which generally results in segmenting the portfolio by loan product type. The Company bases its allowance for loan losses on several analyses that help estimate incurred losses as of the balance sheet date. While the Company’s estimation process includes historical data and analysis, there is a significant amount of judgment applied in selecting inputs and analyzing the results produced by the models to determine the allowance. For substantially all of its loan receivables, the Company uses a migration analysis to estimate the likelihood that a loan will progress through the various stages of delinquency. The Company uses other analyses to estimate losses incurred on non-delinquent and bankrupt accounts. The considerations in these analyses include past and current loan performance, loan growth and seasoning, current risk management practices, account collection strategies, economic conditions, bankruptcy filings, policy changes and forecasting uncertain ties. Consideration of past and current loan performance includes the post-modification performance of loans modified in a troubled debt restructuring. F or the majority of its portfolio, the Company estimates its allowance for loan losses on a pooled basis, which includes loans that are delinquent and/or no longer accruing interest and/or certain loans that have defaulted from a loan modification program. As part of certain collection strategies, the Company may modify the terms of loans to customers experiencing financial hardship. Temporary and permanent modifications on credit card and personal loans, as well as temporary modifications on student loans and certain grants of student loan forbearance are accounted for as troubled debt restructurings. The Company considers a modified loan in which a concession has been granted to the borrower to be a troubled debt restructuring based on the cumulative length of the concession period and credit quality of the borrower. Loan receivables, other than PCI loans, that have been modified under a troubled debt restructuring are evaluated separately from the pools of receivables that are subject to the collective analyses described above. Loan receivables modified in a troubled debt restructuring are recorded at their present values with impairment measured as the difference between the recorded investment in the loan and the discounted present value of cash flows expected to be collected. Consistent with the Company’s measurement of impairment of modified loans on a pooled basis, the discount rate used for credit card loans in internal programs is the average current annual percentage rate applied to non-impaired credit card loans, which approximates what would have applied to the pool of modified loans prior to modification. The discount rate used for credit card loans in external programs reflects a rate that is consistent with rates offered to cardmembers not in a program that have similar risk characteristics. For student and personal loans, the discount rate used is the average contractual rate prior to modification. Changes in the present value are recorded in the provision for loan losses. All of the Company’s troubled debt restructurings, which are evaluated collectively on an aggregated (by loan type) basis, have a related allowance for loan losses. Premises and Equipment, net Premises and equipment, net, are stated at cost less accumulated depreciation and amortization, which is computed using the straight-line method over the estimated useful lives of the assets. Buildings are depreciated over a period of 39 years . The costs of improvements are capitalized and depreciated either over the asset’s estimated useful life, typically ten to fifteen years , or over the remaining term of the lease, when applicable. Furniture and fixtures are depreciated over a period of five to ten years . Equipment is depreciated over three to ten years . Maintenance and repairs are immediately expensed, while the costs of improvements are capitalized. Purchased software and capitalized costs related to internally developed software are amortized over their useful lives of three to ten years . Costs incurred during the application development stage related to internally developed software are capitalized. Costs are expensed as incurred during the preliminary project stage and post implementation stage. Once the capitalization criteria as defined in GAAP have been met, external direct costs incurred for materials and services used in developing or obtaining internal-use computer software and payroll and payroll-related costs for employees who are directly associated with the internal-use computer software project (to the extent those employees devoted time directly to the project) are capitalized. Amortization of capitalized costs begins when the software is ready for its intended use. Capitalized software is included in premises and equipment, net in the Company’s consolidated statements of financial condition. See Note 6: Premises and Equipment for further information about the Company’s premises and equipment. Cloud computing arrangements involving the licensing of software that meet certain criteria are recognized as the acquisition of software. Such assets are measured at the present value of the license obligation, if the license is to be paid over time, in addition to any capitalized upfront costs and amortized over the life of the arrangement. Cloud computing arrangements that do not meet the criteria to be recognized as acquired software are accounted for as service contracts. To date, none of the Company’s cloud computing arrangements have met the criteria to be recognized as acquired software. Premises and equipment are subject to impairment testing when events or conditions indicate that the carrying value of the asset may not be fully recoverable from future cash flows. See “— Intangible Assets” for additional details on impairment testing. Goodwill Goodwill is recorded as part of the Company’s acquisitions of businesses when the purchase price exceeds the fair value of the net tangible and separately identifiable intangible assets acquired. The Company’s goodwill is not amortized, but rather is subject to an impairment test at the reporting unit level annually as of October 1, or between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company’s reported goodwill relates to PULSE, which it acquired in 2005. The Company’s goodwill is tested for impairment by comparing the fair value of the reporting unit to its carrying value. If the fair value of the reporting unit exceeds its carrying value, goodwill is not impaired. If the carrying value exceeds its fair value, an impairment loss must be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. No impairment was identified during the impairment test conducted as of October 1, 2018 . Intangible Assets The Company’s identifiable intangible assets consist of both amortizable and non-amortizable intangible assets. The Company’s amortizable intangible assets consist primarily of acquired customer relationships and certain trade name intangibles. All of the Company’s amortizable intangible assets are carried at net book value and are amortized over their estimated useful lives. The amortization periods approximate the periods over which the Company expects to generate future net cash inflows from the use of these assets. The Company’s policy is to amortize intangibles in a manner that reflects the pattern in which the projected net cash inflows to the Company are expected to occur, where such pattern can be reasonably determined, as opposed to the straight-line basis. This method of amortization typically results in a greater portion of the intangible asset being amortized in the earlier years of its useful life. All of the Company’s amortizable intangible assets, as well as other amortizable or depreciable long-lived assets such as premises and equipment, are subject to impairment testing when events or conditions indicate that the carrying value of the asset may not be fully recoverable from future cash flows. A test for recoverability is done by comparing the asset’s carrying value to the sum of the undiscounted future net cash inflows expected to be generated from the use of the asset over its remaining useful life. Impairment exists if the sum of the undiscounted expected future net cash inflows is less than the carrying amount of the asset. Impairment would result in a write-down of the asset to its estimated fair value. The estimated fair values of these assets are based on the discounted present value of the stream of future net cash inflows expected to be derived over the remaining useful lives of the assets. If an impairment write-down is recorded, the remaining useful life of the asset will be evaluated to determine whether revision of the remaining amortization or depreciation period is appropriate. The Company’s non-amortizable intangible assets consist primarily of the brand-related intangibles and international transaction processing rights included in the acquisition of Diners Club. These assets are deemed to have indefinite useful lives and are therefore not subject to amortization. All of the Company’s non-amortizable intangible assets are subject to a test for impairment annually as of October 1, or more frequently if events or changes in circumstances indicate that the asset might be impaired. As required by GAAP, if the carrying value of a non-amortizable intangible asset is in excess of its fair value, the asset must be written down to its fair value through the recognition of an impairment charge to earnings. In contrast to amortizable intangibles, there is no test for recoverability associated with the impairment test for non-amortizable intangible assets. No impairment was identified during the impairment test conducted as of October 1, 2018 . Stock-based Compensation The Company measures the cost of employee services received in exchange for an award of stock-based compensation based on the grant-date fair value of the award. The cost, net of estimated forfeitures, is recognized over the requisite service period. Awards to employees who are retirement-eligible at any point during the year are amortized over 12 months in accordance with the vesting terms that apply under those circumstances. No compensation cost is recognized for awards that are subsequently forfeited. Advertising Costs The Company expenses television and radio advertising costs in the period in which the advertising is first aired and all other advertising costs as incurred. Advertising costs are recorded in marketing and business development and were $258 million , $219 million and $196 million for the years ended December 31, 2018, 2017 and 2016 , respectively. Income Taxes Income tax expense is provided for using the asset and liability method, under which deferred tax assets and liabilities are determined based on the temporary differences between the financial statement and income tax bases of assets and liabilities using currently enacted tax rates. Deferred tax assets are recognized when their realization is determined to be more likely than not. Uncertain tax positions are measured at the highest amount of tax benefit for which realization is judged to be more likely than not. Tax benefits that do not meet these criteria are unrecognized tax benefits. See Note 15: Income Taxes for more information about the Company’s income taxes. Financial Instruments Used for Asset and Liability Management The Company utilizes derivative financial instruments to manage its various exposures to changes in fair value of certain assets and liabilities, variability in future cash flows arising from changes in interest rates or other types of forecasted transactions, and changes in foreign exchange rates. All derivatives are carried at their estimated fair values on the Company’s consolidated statements of financial condition. Derivatives having gross positive fair values, inclusive of net accrued interest receipts or payments, are recorded in other assets. Derivatives with gross negative fair values, inclusive of net accrued interest payments or receipts, are recorded in accrued expenses and other liabilities. The methodologies used to estimate the fair values of these derivative financial instruments are described in Note 20: Fair Value Measurements. Collateral receivable or payable amounts associated with derivatives are not offset against the fair value of these derivatives, but are recorded separately in other assets or deposits, respectively. Variation margin payments associated with derivative positions that are cleared through an exchange are legally characterized as settlements of the derivative positions. Such settlement payments are reflected as offsets to the associated derivatives balances recorded in other assets or in accrued expenses and other liabilities, instead of as collateral in other assets or deposits. The impact of settlement payments on the consolidated statements of financial condition is discussed in more detail in Note 21: Derivatives and Hedging Activities. Certain of these instruments are designated and qualify for hedge accounting. A hedge is deemed effective to the extent that the change in fair value, cash flow, or net investment of the hedged item is offset by changes in the hedging instrument. Under cash flow hedge accounting, changes in the fair values of the derivative instruments are recognized in other comprehensive income (“OCI”) and subsequently reclassified to earnings in the period the hedged forecasted cash flows affect earnings. In a net investment hedge, amounts accumulated in OCI are reclassified into earnings when a hedged net investment is either sold or substantially liquidated. Under fair value hedge accounting, changes in both (i) the fair values of the derivative instruments and (ii) the fair values of the hedged items relating to the risks being hedged, including net differences, if any, are recorded in interest expense. Certain other derivatives are not designated as hedges or do not qualify for hedge accounting; changes in the fair value of these derivatives are recorded in other income. These transactions are discussed in more detail in Note 21: Derivatives and Hedging Activities. Accumulated Other Comprehensive Income The Company records unrealized gains and losses on available-for-sale securities, changes in the fair value of cash flow hedges, and certain pension and foreign currency translation adjustments in OCI on an after-tax basis where applicable. The Company’s policy is to adjust the tax effects of a component of AOCI in the same period in which the item is sold or otherwise derecognized, or when the carrying value of the item is remeasured. Details of OCI, net of tax, are presented in the statement of comprehensive income, and a rollforward of AOCI is presented in the statement of changes in stockholders’ equity and Note 13: Accumulated Other Comprehensive Income. Significant Revenue Recognition Accounting Policies Loan Interest and Fee Income Interest on loans is comprised largely of interest on credit card loans and is recognized based on the amount of loans outstanding and their contractual interest rate. Interest on credit card loans is included in loan receivables when billed to the customer. The Company accrues unbilled interest revenue each month from a customer’s billing cycle date to the end of the month. The Company applies an estimate of the percentage of loans that will revolve in the next cycle in the estimation of the accrued unbilled portion of interest revenue that is included in accrued interest receivable on the consolidated statements of financial condition. Interest on other loan receivables is accrued monthly in accordance with their contractual terms and recorded in accrued interest receivable, which is included in other assets, in the consolidated statements of financial condition. Interest related to PCI loans is discussed in Note 4: Loan Receivables. The Company recognizes fees (except balance transfer fees and certain product fees) on loan receivables in interest income or loan fee income as the fees are assessed. Balance transfer fees and certain product fees are recognized in interest income or loan fee income ratably over the periods to which they relate. Balance transfer fees are accreted to interest income over the life of the related balance. As of December 31, 2018 and 2017 , deferred revenues related to balance transfer fees, recorded as a reduction of loan receivables, were $52 million and $47 million , respectively. Loan fee income consists of fees on credit card loans and includes late, cash advance, returned check and other miscellaneous fees and is reflected net of waivers and charge-offs. Direct loan origination costs on credit card loans are deferred and amortized on a straight-line basis over a one year period and recorded in interest income from credit card loans. Direct loan origination costs on other loan receivables are deferred and amortized over the life of the loan using the interest method and are recorded in interest income from other loans. As of December 31, 2018 and 2017 , the remaining unamortized deferred costs related to loan origination were $138 million and $125 million , respectively, and were recorded in loan receivables. The Company accrues interest and fees on loan receivables until the loans are paid or charged off, except in instances of customer bankruptcy, death or fraud, where no further interest and fee accruals occur following notification. Credit card and closed-end consumer loan receivables are placed on non-accrual status upon receipt of notification of the bankruptcy or death of a customer or suspected fraudulent activity on an account. Upon completion of the fraud investigation, non-fraudulent credit card and closed-end consumer loan receivables may resume accruing interest. Payments received on non-accrual loans are allocated according to the same payment hierarchy methodology applied to loans that are accruing interest. When loan receivables are charged off, unpaid accrued interest and fees are reversed against the income line items in which they were originally recorded in the consolidated statements of income. Charge-offs and recoveries of amounts that relate to capitalized interest on student loans are treated as principal charge-offs and recoveries, affecting the provision for loan losses rather than interest income. The Company considers uncollectible interest and fee revenues in assessing the adequacy of the allowance for loan losses. Interest income from loans individually evaluated for impairment, including loans accounted for as troubled debt restructurings, is accounted for in the same manner as other accruing loans. Cash collections on these loans are allocated according to the same payment hierarchy methodology applied to loans that are not in such programs. Discount and Interchange Revenue The Company earns discount revenue from fees charged to merchants with whom it has entered into card acceptance agreements for processing credit card purchase transactions. The Company earns acquirer interchange revenue primarily from merchant acquirers on all Discover Network, Diners Club and PULSE transactions made by credit and debit card customers at merchants with whom merchant acquirers have entered into card acceptance agreements for processing payment card transactions. These card acceptance arrangements generally renew automatically and do not have fixed durations. Under these agreements, the Company stands ready to process payment transactions as and when each is presented. The Company earns discount, interchange and similar fees only when transactions are processed. Contractually defined per-transaction fee amounts typically apply to each type of transaction processed and are recognized as revenue at the time each transaction is captured for settlement. These fees are typically collected by the Company as part of the process of settling transactions daily with merchants and acquirers and are fully earned at the time settlement is made. The Company pays issuer interchange to card-issuing entities that have entered into contractual arrangements to issue cards on the Discover Network and on certain transactions on the Diners Club and PULSE networks. This cost is contractually established and is based on the card-issuing organization’s transaction volume. The Company classifies this cost as a reduction of discount and interchange revenue. Costs of cardholder reward arrangements, including the Cashback Bonus reward program, are classified as reductions of discount and interchange revenue pursuant to guidance under ASC Topic 606 governing consideration payable to a customer. For both issuer interchange and cardholder rewards, the Company accrues the cost at the time each underlying card transaction is captured for settlement. Customer Rewards The Company offers its customers various reward programs, including the Cashback Bonus reward program, pursuant to which the Company pays certain customers a reward equal to a percentage of their credit card purchase amounts based on the type and volume of the customer’s purchases. The liability for customer rewards, which is included in accrued expenses and other liabilities on the consolidated statements of financial condition, is recorded on an individual customer basis and is accumulated as qualified customers earn rewards through their ongoing credit card purchase activity or other defined actions. The Company recognizes customer rewards costs as a reduction of the related revenue, if any. In instances where a reward is not associated with a revenue-generating transaction, such as when a reward is given for opening an account, the reward cost is recorded as an operating expense. For the years ended December 31, 2018, 2017 and 2016 , rewards costs amounted to $1.8 billion , $1.6 billion and $1.4 billion , respectively. The liability for customer rewards was $1.6 billion and $1.5 billion at December 31, 2018 and 2017 , respectively, and is included in accrued expenses and other liabilities on the consolidated statements of financial condition. Protection Products Revenue The Company earns revenue related to fees received for ancillary products and services, including payment protection and identity theft protection services, to its credit card customers. A portion of this revenue comprises amounts earned for arranging for the delivery of products offered by third-party service providers. The amount of revenue recorded is generally based on either a percentage of a customer’s outstanding balance or a flat fee, in either case assessed monthly, and is recognized as earned. These contracts are month-to-month arrangements that are cancellable at any time. The Company recognizes each monthly fee in the period to which

Investments

Investments	12 Months Ended
Investments	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investments	Investments The Company’s investment securities consist of the following (dollars in millions): December 31, 2018 2017 U.S. Treasury securities (1) $ 2,586 $ 672 States and political subdivisions of states — 1 Residential mortgage-backed securities - Agency (2) 784 895 Total investment securities $ 3,370 $ 1,568 (1) Includes $42 million and $48 million of U.S. Treasury securities pledged as swap collateral as of December 31, 2018 and 2017 , respectively. (2) Consists of residential mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae. The amortized cost, gross unrealized gains and losses, and fair value of available-for-sale and held-to-maturity investment securities are as follows (dollars in millions): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value At December 31, 2018 Available-for-Sale Investment Securities (1) U.S. Treasury securities $ 2,559 $ 27 $ — $ 2,586 Residential mortgage-backed securities - Agency 559 — (12 ) 547 Total available-for-sale investment securities $ 3,118 $ 27 $ (12 ) $ 3,133 Held-to-Maturity Investment Securities (2) Residential mortgage-backed securities - Agency (3) $ 237 $ — $ (4 ) $ 233 Total held-to-maturity investment securities $ 237 $ — $ (4 ) $ 233 At December 31, 2017 Available-for-Sale Investment Securities (1) U.S. Treasury securities $ 675 $ — $ (3 ) $ 672 Residential mortgage-backed securities - Agency 728 1 (6 ) 723 Total available-for-sale investment securities $ 1,403 $ 1 $ (9 ) $ 1,395 Held-to-Maturity Investment Securities (2) States and political subdivisions of states $ 1 $ — $ — $ 1 Residential mortgage-backed securities - Agency (3) 172 1 (1 ) 172 Total held-to-maturity investment securities $ 173 $ 1 $ (1 ) $ 173 (1) Available-for-sale investment securities are reported at fair value. (2) Held-to-maturity investment securities are reported at amortized cost. (3) Amounts represent residential mortgage-backed securities that were classified as held-to-maturity as they were entered into as a part of the Company’s community reinvestment initiatives. The following table provides information about investment securities with aggregate gross unrealized losses and the length of time that individual investment securities have been in a continuous unrealized loss position (dollars in millions): Number of Securities in a Loss Position Less than 12 months More than 12 months Fair Value Unrealized Losses Fair Value Unrealized Losses At December 31, 2018 Available-for-Sale Investment Securities Residential mortgage-backed securities - Agency 31 $ 110 $ (1 ) $ 437 $ (11 ) Held-to-Maturity Investment Securities Residential mortgage-backed securities - Agency 90 $ 101 $ (1 ) $ 83 $ (3 ) At December 31, 2017 Available-for-Sale Investment Securities U.S. Treasury securities 1 $ — $ — $ 672 $ (3 ) Residential mortgage-backed securities - Agency 27 $ 457 $ (3 ) $ 132 $ (3 ) Held-to-Maturity Investment Securities Residential mortgage-backed securities - Agency 45 $ 56 $ — $ 38 $ (1 ) There were no losses related to other-than-temporary impairments and no proceeds from sales or recognized gains and losses on available-for-sale securities during the years ended December 31, 2018, 2017 and 2016 . See Note 13: Accumulated Other Comprehensive Income for unrealized gains and losses on available-for-sale securities during the years ended December 31, 2018, 2017 and 2016 . Maturities and weighted-average yields of available-for-sale debt securities and held-to-maturity debt securities are provided in the tables below (dollars in millions): At December 31, 2018 One Year or Less After One Year Through Five Years After Five Years Through Ten Years After Ten Years Total Available-for-Sale Investment Securities—Amortized Cost U.S. Treasury securities $ — $ 2,196 $ 363 $ — $ 2,559 Residential mortgage-backed securities - Agency (1) — 90 469 — 559 Total available-for-sale investment securities $ — $ 2,286 $ 832 $ — $ 3,118 Held-to-Maturity Investment Securities—Amortized Cost Residential mortgage-backed securities - Agency (1) $ — $ — $ — $ 237 $ 237 Total held-to-maturity investment securities $ — $ — $ — $ 237 $ 237 Available-for-Sale Investment Securities—Fair Values U.S. Treasury securities $ — $ 2,219 $ 367 $ — $ 2,586 Residential mortgage-backed securities - Agency (1) — 89 458 — 547 Total available-for-sale investment securities $ — $ 2,308 $ 825 $ — $ 3,133 Held-to-Maturity Investment Securities—Fair Values Residential mortgage-backed securities - Agency (1) $ — $ — $ — $ 233 $ 233 Total held-to-maturity investment securities $ — $ — $ — $ 233 $ 233 (1) Maturities of residential mortgage-backed securities are reflective of the contractual maturities of the investment. At December 31, 2018 One Year or Less After One Year Through Five Years After Five Years Through Ten Years After Ten Years Total Available-for-Sale Investment Securities—Weighted-Average Yields (1) U.S Treasury securities — % 2.82 % 2.77 % — % 2.81 % Residential mortgage-backed securities - Agency — % 1.50 % 2.04 % — % 1.95 % Total available-for-sale investment securities — % 2.76 % 2.36 % — % 2.66 % Held-to-Maturity Investment Securities—Weighted-Average Yields Residential mortgage-backed securities — % — % — % 2.94 % 2.94 % Total held-to-maturity investment securities — % — % — % 2.94 % 2.94 % (1) The weighted-average yield for available-for-sale investment securities is calculated based on the amortized cost. Taxable interest on investment securities was $40 million , $27 million and $38 million for the years ended December 31, 2018, 2017 and 2016 , respectively. There was no tax exempt interest on investment securities for the years ended December 31, 2018, 2017 and 2016 . Other Investments As a part of the Company’s community reinvestment initiatives, the Company has made equity investments in certain limited partnerships and limited liability companies that finance the construction and rehabilitation of affordable rental housing, as well as stimulate economic development in low to moderate income communities. These investments are accounted for using the equity method of accounting and are recorded within other assets. The related commitment for future investments is recorded in accrued expenses and other liabilities within the consolidated statements of financial condition. The portion of each investment’s operating results allocable to the Company reduces the carrying value of the investments and is recorded in other expense within the consolidated statements of income. The Company further reduces the carrying value of the investments by recognizing any amounts that are in excess of future net tax benefits in other expense. The Company earns a return primarily through the receipt of tax credits allocated to the affordable housing projects and the community revitalization projects. These investments are not consolidated as the Company does not have a controlling financial interest in the entities. As of December 31, 2018 and 2017 , the Company had outstanding investments in these entities of $295 million and $297 million , respectively, and related contingent liabilities of $49 million and $66 million , respectively. Of the above outstanding equity investments, the Company had $271 million and $288 million of investments related to affordable housing projects as of December 31, 2018 and 2017 , respectively, which had $30 million and $66 million related contingent liabilities, respectively.

Loan Receivables

Loan Receivables	12 Months Ended
Loan Receivables	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Abstract]
Loan Receivables	Loan Receivables The Company has three loan portfolio segments: credit card loans, other loans and PCI loans. The Company’s classes of receivables within the three portfolio segments are depicted in the following table (dollars in millions): December 31, 2018 2017 Credit card loans (1) $ 72,876 $ 67,291 Other loans Personal loans 7,454 7,374 Private student loans 7,728 7,076 Other 817 423 Total other loans 15,999 14,873 PCI loans (2) 1,637 2,084 Total loan receivables 90,512 84,248 Allowance for loan losses (3,041 ) (2,621 ) Net loan receivables $ 87,471 $ 81,627 (1) Amounts include carrying values of $22.0 billion and $21.2 billion in underlying investors’ interest in trust debt at December 31, 2018 and 2017 , respectively, and $11.1 billion and $9.9 billion in seller’s interest at December 31, 2018 and 2017 , respectively. See Note 5: Credit Card and Student Loan Securitization Activities for additional information. (2) Amounts include carrying values of $363 million and $762 million in loans pledged as collateral against the notes issued from The Student Loan Corporation (“SLC”) securitization trusts at December 31, 2018 and 2017 , respectively. See Note 5: Credit Card and Student Loan Securitization Activities for additional information. Credit Quality Indicators The Company regularly reviews its collection experience (including delinquencies and net charge-offs) in determining its allowance for loan losses. Information related to the delinquent and non-accruing loans in the Company’s loan portfolio is shown below by each class of loan receivables except for PCI student loans, which is shown under the heading “— Purchased Credit-Impaired Loans” (dollars in millions): 30-89 Days Delinquent 90 or More Days Delinquent Total Past Due 90 or More Days Delinquent and Accruing Total Non-accruing (1) At December 31, 2018 Credit card loans (2) $ 885 $ 887 $ 1,772 $ 781 $ 266 Other loans Personal loans (3) 84 35 119 33 11 Private student loans (excluding PCI) (4) 117 38 155 37 8 Other 2 1 3 — 17 Total other loans (excluding PCI) 203 74 277 70 36 Total loan receivables (excluding PCI) $ 1,088 $ 961 $ 2,049 $ 851 $ 302 At December 31, 2017 Credit card loans (2) $ 781 $ 751 $ 1,532 $ 693 $ 203 Other loans Personal loans (3) 73 30 103 28 10 Private student loans (excluding PCI) (4) 134 33 167 33 2 Other 3 1 4 — 18 Total other loans (excluding PCI) 210 64 274 61 30 Total loan receivables (excluding PCI) $ 991 $ 815 $ 1,806 $ 754 $ 233 (1) The Company estimates that the gross interest income that would have been recorded in accordance with the original terms of non-accruing credit card loans was $41 million , $35 million and $31 million for the years ended December 31, 2018, 2017 and 2016 , respectively. The Company does not separately track the amount of gross interest income that would have been recorded in accordance with the original terms of loans. This amount was estimated based on customers’ current balances and most recent interest rates. (2) Credit card loans that are 90 or more days delinquent and accruing interest include $116 million and $72 million of loans accounted for as TDRs at December 31, 2018 and 2017 , respectively. (3) Personal loans that are 90 or more days delinquent and accruing interest include $5 million of loans accounted for as TDRs at December 31, 2018 and 2017 . (4) Private student loans that are 90 or more days delinquent and accruing interest include $7 million and $5 million of loans accounted for as TDRs at December 31, 2018 and 2017 , respectively. Information related to the net charge-offs in the Company’s loan portfolio is shown below by each class of loan receivables except for PCI student loans, which is shown under the heading “— Purchased Credit-Impaired Loans” (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Net Net (1) Net Net (1) Net Net (1) Credit card loans $ 2,213 3.26 % $ 1,802 2.91 % $ 1,343 2.34 % Other loans Personal loans 308 4.15 % 231 3.30 % 151 2.55 % Private student loans (excluding PCI) 85 1.14 % 83 1.21 % 67 1.10 % Other 6 0.98 % 3 0.75 % — — % Total other loans 399 2.58 % 317 2.24 % 218 1.78 % Net charge-offs (excluding PCI) $ 2,612 3.13 % $ 2,119 2.78 % $ 1,561 2.24 % Net charge-offs (including PCI) $ 2,612 3.06 % $ 2,119 2.70 % $ 1,561 2.16 % (1) Net charge-off rate represents net charge-off dollars (annualized) divided by average loans for the reporting period. As part of credit risk management activities, on an ongoing basis the Company reviews information related to the performance of a customer’s account with the Company as well as information from credit bureaus, such as FICO or other credit scores, relating to the customer’s broader credit performance. FICO scores are generally obtained at origination of the account and are refreshed monthly or quarterly thereafter to assist in predicting customer behavior. Historically, the Company has noted that a significant portion of delinquent accounts have FICO scores below 660. The following table provides the most recent FICO scores available for the Company’s customers as a percentage of each class of loan receivables: Credit Risk Profile by FICO Score 660 and Above Less than 660 or No Score At December 31, 2018 Credit card loans 81 % 19 % Personal loans 94 % 6 % Private student loans (excluding PCI) (1) 94 % 6 % At December 31, 2017 Credit card loans 82 % 18 % Personal loans 95 % 5 % Private student loans (excluding PCI) (1) 95 % 5 % (1) PCI loans are discussed under the heading “— Purchased Credit-Impaired Loans.” For private student loans, additional credit risk management activities include monitoring the amount of loans in forbearance. Forbearance allows borrowers experiencing temporary financial difficulties and willing to make payments the ability to temporarily suspend payments. Eligible borrowers have a lifetime cap on forbearance of 12 months . At December 31, 2018 and 2017 , there were $37 million and $29 million , respectively, of private student loans, including those classified as PCI, in forbearance, representing 0.7% and 0.5% , respectively of total student loans in repayment and forbearance. Allowance for Loan Losses The following tables provide changes in the Company’s allowance for loan losses (dollars in millions): For the Year Ended December 31, 2018 Credit Card Personal Loans Student Loans (1) Other Total Balance at beginning of period $ 2,147 $ 301 $ 162 $ 11 $ 2,621 Additions Provision for loan losses 2,594 345 95 1 3,035 Deductions Charge-offs (2,734 ) (345 ) (97 ) (6 ) (3,182 ) Recoveries 521 37 12 — 570 Net charge-offs (2,213 ) (308 ) (85 ) (6 ) (2,612 ) Other (2) — — (3 ) — (3 ) Balance at end of period $ 2,528 $ 338 $ 169 $ 6 $ 3,041 For the Year Ended December 31, 2017 Credit Card Personal Loans Student (1) Other Total Balance at beginning of period $ 1,790 $ 200 $ 158 $ 19 $ 2,167 Additions Provision for loan losses 2,159 332 93 (5 ) 2,579 Deductions Charge-offs (2,263 ) (258 ) (94 ) (3 ) (2,618 ) Recoveries 461 27 11 — 499 Net charge-offs (1,802 ) (231 ) (83 ) (3 ) (2,119 ) Other (2) — — (6 ) — (6 ) Balance at end of period $ 2,147 $ 301 $ 162 $ 11 $ 2,621 For the Year Ended December 31, 2016 Credit Card Personal Loans Student (1) Other Total Balance at beginning of period $ 1,554 $ 155 $ 143 $ 17 $ 1,869 Additions Provision for loan losses 1,579 196 82 2 1,859 Deductions Charge-offs (1,786 ) (172 ) (76 ) — (2,034 ) Recoveries 443 21 9 — 473 Net charge-offs (1,343 ) (151 ) (67 ) — (1,561 ) Balance at end of period $ 1,790 $ 200 $ 158 $ 19 $ 2,167 (1) Includes both PCI and non-PCI private student loans. (2) Net change in reserves on PCI pools having no remaining non-accretable difference. Net charge-offs of principal are recorded against the allowance for loan losses, as shown in the preceding table. Information regarding net charge-offs of interest and fee revenues on credit card and other loans is as follows (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Interest and fees accrued subsequently charged off, net of recoveries (recorded as a reduction of interest income) $ 442 $ 353 $ 275 Fees accrued subsequently charged off, net of recoveries (recorded as a reduction to other income) $ 109 $ 89 $ 69 The following tables provide additional detail of the Company’s allowance for loan losses and recorded investment in its loan portfolio by impairment methodology (dollars in millions): Credit Card Personal Loans Student (1) Other Loans Total At December 31, 2018 Allowance for loans evaluated for impairment as Collectively evaluated for impairment in accordance with ASC 450-20 $ 2,229 $ 292 $ 121 $ 4 $ 2,646 Evaluated for impairment in accordance with ASC 310-10-35 (2)(3) 299 46 23 2 370 Acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30 — — 25 — 25 Total allowance for loan losses $ 2,528 $ 338 $ 169 $ 6 $ 3,041 Recorded investment in loans evaluated for impairment as Collectively evaluated for impairment in accordance with ASC 450-20 $ 70,628 $ 7,302 $ 7,546 $ 761 $ 86,237 Evaluated for impairment in accordance with ASC 310-10-35 (2)(3) 2,248 152 182 56 2,638 Acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30 — — 1,637 — 1,637 Total recorded investment $ 72,876 $ 7,454 $ 9,365 $ 817 $ 90,512 At December 31, 2017 Allowance for loans evaluated for impairment as Collectively evaluated for impairment in accordance with ASC 450-20 $ 1,921 $ 269 $ 112 $ 4 $ 2,306 Evaluated for impairment in accordance with ASC 310-10-35 (2)(3) 226 32 21 7 286 Acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30 — — 29 — 29 Total allowance for loan losses $ 2,147 $ 301 $ 162 $ 11 $ 2,621 Recorded investment in loans evaluated for impairment as Collectively evaluated for impairment in accordance with ASC 450-20 $ 65,975 $ 7,263 $ 6,939 $ 370 $ 80,547 Evaluated for impairment in accordance with ASC 310-10-35 (2)(3) 1,316 111 137 53 1,617 Acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30 — — 2,084 — 2,084 Total recorded investment $ 67,291 $ 7,374 $ 9,160 $ 423 $ 84,248 (1) Includes both PCI and non-PCI private student loans. (2) Loan receivables evaluated for impairment in accordance with ASC 310-10-35 include credit card loans, personal loans and student loans collectively evaluated for impairment in accordance with ASC Subtopic 310-40, Receivables, which consists of modified loans accounted for as TDRs. Other loans are individually evaluated for impairment and generally do not represent TDRs. (3) The unpaid principal balance of credit card loans was $2.0 billion and $1.1 billion at December 31, 2018 and 2017 , respectively. The unpaid principal balance of personal loans was $152 million and $109 million at December 31, 2018 and 2017 , respectively. The unpaid principal balance of student loans was $182 million and $135 million at December 31, 2018 and 2017 , respectively. All loans accounted for as TDRs have a related allowance for loan losses. Troubled Debt Restructurings The Company has internal loan modification programs that provide relief to credit card, personal loan and student loan borrowers who may be experiencing financial hardship. The Company continually evaluates new programs to determine which of them meet the definition of a TDR. The internal loan modification programs include both temporary and permanent programs, which vary by product. External loan modification programs are also available for credit card and personal loans. Temporary and permanent modifications on credit card and personal loans, as well as temporary modifications on student loans and certain grants of student loan forbearance, result in the loans being considered individually impaired. In addition, loans that defaulted or graduated from modification programs or forbearance are considered to be individually impaired. For credit card customers, the Company offers temporary hardship programs consisting of an interest rate reduction and in some cases a reduced minimum payment, both lasting for a period no longer than 12 months . The permanent modification program involves changing the structure of the loan to a fixed payment loan with a maturity no longer than 60 months and reducing the interest rate on the loan. The permanent modification program does not normally provide for the forgiveness of unpaid principal, but may allow for the reversal of certain unpaid interest or fee assessments. The Company also makes permanent loan modifications for customers who request financial assistance through external sources, such as a consumer credit counseling agency program. These loans typically receive a reduced interest rate but continue to be subject to the original minimum payment terms and do not normally include waiver of unpaid principal, interest or fees. Modified credit card loans that are deemed to meet the definition of TDRs include loans in both temporary and permanent programs. For personal loan customers, in certain situations the Company offers various payment programs, including temporary and permanent programs. The temporary programs normally consist of a reduction of the minimum payment for a period of no longer than 12 months with the option of a final balloon payment required at the end of the loan term or an extension of the maturity date with the total term not exceeding nine years . Further, in certain circumstances, the interest rate on the loan is reduced. The permanent programs involve changing the terms of the loan in order to pay off the outstanding balance over a longer term and also in certain circumstances reducing the interest rate on the loan. Similar to the temporary programs, the total term may not exceed nine years . The Company also allows permanent loan modifications for customers who request financial assistance through external sources, similar to the credit card customers discussed above. Payments are modified based on the new terms agreed upon with the credit counseling agency. Personal loans included in temporary and permanent programs are accounted for as TDRs. At December 31, 2018 , there was $5.6 billion of private student loans in repayment, which includes both PCI and non-PCI loans. To assist student loan borrowers who are experiencing temporary financial difficulties but are willing to resume making payments, the Company may offer hardship forbearance or programs that include payment deferral, temporary payment reduction, temporary interest rate reduction or extended terms. A non-PCI modified loan typically meets the definition of a TDR based on the cumulative length of the concession period and an evaluation of the credit quality of the borrower based on FICO scores. Borrower performance after using payment programs or forbearance is monitored and the Company believes the programs help to prevent defaults and are useful in assisting customers experiencing financial difficulties. The Company plans to continue to use payment programs and forbearance and, as a result, expects to have additional loans classified as TDRs in the future. Additional information about modified loans classified as TDRs is shown below (dollars in millions): Average recorded investment in loans Interest income recognized during period loans were impaired (1) Gross interest income that would have been recorded with original terms (2) For the Year Ended December 31, 2018 Credit card loans (3) $ 1,737 $ 180 $ 137 Personal loans $ 130 $ 14 $ 6 Private student loans $ 158 $ 13 $ — For the Year Ended December 31, 2017 Credit card loans (3) $ 1,159 $ 107 $ 86 Personal loans $ 94 $ 10 $ 4 Private student loans $ 113 $ 8 $ — For the Year Ended December 31, 2016 Credit card loans (3) $ 1,035 $ 88 $ 77 Personal loans $ 73 $ 8 $ 3 Private student loans $ 63 $ 4 $ — (1) The Company does not separately track interest income on loans in modification programs. Amounts shown are estimated by applying an average interest rate to the average loans in the various modification programs. (2) The Company does not separately track the amount of additional gross interest income that would have been recorded if the loans in modification programs had not been restructured and interest had instead been recorded in accordance with the original terms. Amounts shown are estimated by applying the difference between the average interest rate earned on non-impaired loans and the average interest rate earned on loans in the modification programs to the average loans in the modification programs. (3) Includes credit card loans that were modified in TDRs, but are no longer enrolled in a TDR program due to noncompliance with the terms of the modification or due to successful completion of a program after which charging privileges may be reinstated based on customer-level evaluation. The average balance of credit card loans that were no longer enrolled in a TDR program was $430 million , $339 million and $282 million , respectively, for the years ended December 31, 2018, 2017 and 2016 . In order to evaluate the primary financial effects that resulted from credit card loans entering into a loan modification program during the years ended December 31, 2018, 2017 and 2016 , the Company quantified the amount by which interest and fees were reduced during the periods. During the years ended December 31, 2018, 2017 and 2016 , the Company forgave approximately $48 million , $40 million and $34 million , respectively, of interest and fees as a result of accounts entering into a credit card loan modification program. The following table provides information on loans that entered a loan modification program during the period (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Number of Accounts Balances Number of Accounts Balances Number of Accounts Balances Accounts that entered a loan modification program during the period Credit card loans 268,817 $ 1,713 133,139 $ 776 95,881 $ 565 Personal loans 8,260 $ 111 6,567 $ 82 4,606 $ 52 Private student loans 4,057 $ 74 3,942 $ 69 2,792 $ 49 The following table presents the carrying value of loans that experienced a payment default during the period that had been modified in a TDR during the 15 months preceding the end of each period (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Number of Accounts Aggregated Outstanding Balances Upon Default Number of Accounts Aggregated Outstanding Balances Upon Default Number of Accounts Aggregated Outstanding Balances Upon Default Troubled debt restructurings that subsequently defaulted Credit card loans (1)(2) 42,659 $ 239 34,210 $ 183 23,388 $ 123 Personal loans (2) 2,955 $ 40 1,915 $ 25 940 $ 11 Private student loans (3) 1,041 $ 19 939 $ 16 777 $ 12 (1) Terms revert back to the pre-modification terms for customers who default from a temporary program and charging privileges remain revoked in most cases. (2) For credit card loans and personal loans, a customer defaults from a modification program after two consecutive missed payments. The outstanding balance upon default is generally the loan balance at the end of the month prior to default. (3) For student loans, defaults have been defined as loans that are 60 or more days delinquent. The outstanding balance upon default is generally the loan balance at the end of the month prior to default. Of the account balances that defaulted as shown above for the years ended December 31, 2018, 2017 and 2016 , approximately 36% , 37% and 37% , respectively, of the total balances were charged off at the end of the month in which they defaulted. For accounts that have defaulted from a loan modification program and have not been subsequently charged off, the balances are included in the allowance for loan loss analysis discussed above under “— Allowance for Loan Losses.” Purchased Credit-Impaired Loans Purchased loans with evidence of credit deterioration since origination for which it is probable that not all contractually required payments will be collected are considered impaired at acquisition and are reported as PCI loans. The private student loans acquired in the SLC transaction as well as the additional acquired private student loan portfolio comprise the Company’s only PCI loans at December 31, 2018 and 2017 . Total PCI student loans had an outstanding balance of $1.7 billion and $2.2 billion , including accrued interest, and a related carrying amount of $1.6 billion and $2.1 billion , as of December 31, 2018 and 2017 , respectively. The following table provides changes in accretable yield for the acquired loans during each period (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Balance at beginning of period $ 669 $ 796 $ 965 Accretion into interest income (139 ) (159 ) (185 ) Other changes in expected cash flows 18 32 16 Balance at end of period $ 548 $ 669 $ 796 Periodically, the Company updates the estimate of cash flows expected to be collected based on management’s latest expectations of future net credit losses, borrower prepayments and certain other assumptions that affect cash flows. No provision expense was recorded during the years ended December 31, 2018, 2017 and 2016 . The allowance for PCI loan losses at December 31, 2018 and 2017 was $25 million and $29 million , respectively. For the years ended December 31, 2018, 2017 and 2016 , the increase in accretable yield was primarily driven by increases in rates on variable rate loans. Changes to accretable yield are recognized prospectively as an adjustment to yield over the remaining life of the pools. At December 31, 2018 , the 30 or more days delinquency and 90 or more days delinquency rates on PCI student loans (which include loans not yet in repayment) were 2.93% and 0.78% , respectively. At December 31, 2017 , the 30 or more days delinquency and 90 or more days delinquency rates on PCI student loans (which include loans not yet in repayment) were 3.24% and 0.93% , respectively. These rates include private student loans that are greater than 120 days delinquent that are covered by an indemnification agreement or insurance arrangements through which the Company expects to recover a substantial portion of the loan. The net charge-off rate on PCI student loans for the years ended December 31, 2018, 2017 and 2016 was 0.63% , 0.71% and 0.52% , respectively. Geographical Distribution of Loans The Company originates credit card loans throughout the United States. The geographic distribution of the Company’s credit card loan receivables was as follows (dollars in millions): December 31, 2018 2017 $ % $ % California $ 6,620 9.1 % $ 6,006 8.9 % Texas 6,155 8.4 5,664 8.4 New York 5,040 6.9 4,701 7.0 Florida 4,815 6.6 4,262 6.3 Illinois 3,878 5.3 3,624 5.4 Pennsylvania 3,712 5.1 3,481 5.2 Ohio 3,039 4.2 2,838 4.2 New Jersey 2,661 3.7 2,486 3.7 Georgia 2,160 3.0 1,967 2.9 Michigan 2,042 2.8 1,893 2.8 Other 32,754 44.9 30,369 45.2 Total credit card loans $ 72,876 100 % $ 67,291 100 % The Company originates personal loans, student loans and other loans, and has PCI loans throughout the United States. The geographic distribution of personal, student, other and PCI loan receivables was as follows (dollars in millions): December 31, 2018 2017 $ % $ % New York $ 1,834 10.4 % $ 1,838 10.8 % California 1,656 9.4 1,579 9.3 Pennsylvania 1,221 6.9 1,183 7.0 Illinois 1,098 6.2 1,048 6.2 Texas 1,071 6.1 1,031 6.1 New Jersey 925 5.2 878 5.2 Florida 838 4.8 766 4.5 Ohio 698 4.0 673 4.0 Massachusetts 584 3.3 579 3.4 Michigan 560 3.2 555 3.3 Other 7,151 40.5 6,827 40.2 Total other loans (including PCI loans) $ 17,636 100 % $ 16,957 100 %

Credit Card and Student Loan Se

Credit Card and Student Loan Securitization Activities	12 Months Ended
Credit Card and Student Loan Securitization Activities	Dec. 31, 2018
Variable Interest Entities Disclosure [Abstract]
Credit Card and Student Loan Securitization Activities	Credit Card and Student Loan Securitization Activities The Company’s securitizations are accounted for as secured borrowings and the related trusts are treated as consolidated subsidiaries of the Company. For a description of the Company’s principles of consolidation with respect to VIEs, see Note 1: Background and Basis of Presentation. Credit Card Securitization Activities The Company accesses the term asset securitization market through DCMT and DCENT. Credit card loan receivables are transferred into DCMT and beneficial interests in DCMT are transferred into DCENT. DCENT issues debt securities to investors that are reported in long-term borrowings. The DCENT debt structure consists of four classes of securities (DiscoverSeries Class A, B, C and D notes), with the most senior class generally receiving a triple-A rating. In order to issue senior, higher rated classes of notes, it is necessary to obtain the appropriate amount of credit enhancement, generally through the issuance of junior, lower rated or more highly subordinated classes of notes. The subordinated classes are held by wholly-owned subsidiaries of Discover Bank. The Company is exposed to credit-related risk of loss associated with trust assets as of the balance sheet date through the retention of these subordinated interests. The estimated probable incurred loss is included in the allowance for loan losses estimate. The Company’s retained interests in the assets of the trusts, consisting of investments in DCENT notes held by subsidiaries of Discover Bank, constitute intercompany positions, which are eliminated in the preparation of the Company’s consolidated statements of financial condition. Upon transfer of credit card loan receivables to the trust, the receivables and certain cash flows derived from them become restricted for use in meeting obligations to the trusts’ creditors. Further, the transferred credit card loan receivables are owned by the trust and are not available to third-party creditors of the Company. The trusts have ownership of cash balances, the amounts of which are reported in restricted cash. With the exception of the seller’s interest in trust receivables, the Company’s interests in trust assets are generally subordinate to the interests of third-party investors and, as such, may not be realized by the Company if needed to absorb deficiencies in cash flows that are allocated to the investors in the trusts’ debt. Apart from the restricted assets related to securitization activities, the investors and the securitization trusts have no recourse to the Company’s other assets or the Company’s general credit for a shortage in cash flows. The carrying values of these restricted assets, which are presented on the Company’s consolidated statements of financial condition as relating to securitization activities, are shown in the following table (dollars in millions): December 31, 2018 2017 Restricted cash $ 1,834 $ 26 Investors’ interests held by third-party investors 16,800 16,025 Investors’ interests held by wholly-owned subsidiaries of Discover Bank 5,211 5,133 Seller’s interest 11,050 9,861 Loan receivables (1) 33,061 31,019 Allowance for loan losses allocated to securitized loan receivables (1) (1,150 ) (998 ) Net loan receivables 31,911 30,021 Other 7 5 Carrying value of assets of consolidated variable interest entities $ 33,752 $ 30,052 (1) The Company maintains its allowance for loan losses at an amount sufficient to absorb probable losses inherent in all loan receivables, which includes all loan receivables in the trusts. Therefore, credit risk associated with the transferred receivables is fully reflected on the Company’s balance sheet in accordance with GAAP. The debt securities issued by the consolidated trusts are subject to credit, payment and interest rate risks on the transferred credit card loan receivables. To protect investors in the securities, there are certain features or triggering events that could cause an early amortization of the debt securities, including triggers related to the impact of the performance of the trust receivables on the availability and adequacy of cash flows to meet contractual requirements. As of December 31, 2018 , no economic or other early amortization events have occurred. The Company continues to own and service the accounts that generate the loan receivables held by the trusts. Discover Bank receives servicing fees from the trusts based on a percentage of the monthly investor principal balance outstanding. Although the fee income to Discover Bank offsets the fee expense to the trusts and thus is eliminated in consolidation, failure to service the transferred loan receivables in accordance with contractual requirements could lead to a termination of the servicing rights and the loss of future servicing income, net of related expenses. Student Loan Securitization Activities Student loan trust receivables underlying third-party investors’ interests are recorded in PCI loans and the related debt issued by the trusts is reported in long-term borrowings. The assets of the trusts are restricted from being sold or pledged as collateral for other borrowings and the cash flows from these restricted assets may be used only to pay obligations of the trusts. With the exception of the trusts’ restricted assets, the trusts and investors have no recourse to the Company’s other assets or the Company’s general credit for a shortage in cash flows. During 2018, the Company exercised its option to accelerate the repayment of remaining outstanding securities, fully repaying the debt on one of the trusts. Currently there is one trust from which issued securities remain outstanding to investors. Principal payments on the long-term secured borrowings are made as cash is collected on the underlying loans that are used as collateral on the secured borrowings. The Company does not have access to cash collected by the securitization trust until cash is released in accordance with the trust indenture agreement. Similar to the credit card securitizations, the Company continues to own and service the accounts that generate the student loan receivables held by the trust and receives servicing fees from the trust based on a percentage of the principal balance outstanding. Although the servicing fee income offsets the fee expense related to the trust and thus is eliminated in consolidation, failure to service the transferred loan receivables in accordance with contractual requirements could lead to a termination of the servicing rights and the loss of future servicing income, net of related expenses. Under terms of the trust arrangement, the Company has the option, but not the obligation, to provide financial support to the trust, but has never provided such support. A substantial portion of the credit risk associated with the securitized loans has been transferred to a third party under an indemnification arrangement. The carrying values of these restricted assets, which are presented on the Company’s consolidated statements of financial condition as relating to securitization activities, are shown in the following table (dollars in millions): December 31, 2018 2017 Restricted cash $ 12 $ 55 Student loan receivables (1) 363 762 Carrying value of assets of consolidated variable interest entities $ 375 $ 817 (1) The decrease in student loan receivables from December 31, 2017 to December 31, 2018 is due in part to the repayment of remaining debt associated with one trust.

Premises and Equipment

Premises and Equipment	12 Months Ended
Premises and Equipment	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment A summary of premises and equipment, net is as follows (dollars in millions): December 31, 2018 2017 Land $ 42 $ 42 Buildings and improvements 671 641 Furniture, fixtures and equipment 989 916 Software 696 560 Premises and equipment 2,398 2,159 Less: accumulated depreciation (1,193 ) (1,121 ) Less: accumulated amortization of software (269 ) (213 ) Premises and equipment, net $ 936 $ 825 Depreciation expense was $75 million , $76 million and $77 million for the years ended December 31, 2018, 2017 and 2016 , respectively. Amortization expense on capitalized software was $67 million , $52 million and $57 million for the years ended December 31, 2018, 2017 and 2016 , respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
Goodwill and Intangible Assets	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill As of December 31, 2018 and 2017 , the Company had goodwill of $255 million related to PULSE, part of the Payment Services segment. The Company conducted its annual goodwill impairment test as of October 1, 2018 and 2017 and no impairment charges were identified. Intangible Assets The Company’s amortizable intangible assets consisting of customer relationships and trade names resulted from various acquisitions and are primarily included in the Payment Services segment. Non-amortizable intangible assets consist of trade name intangibles recognized in the acquisition of SLC, along with international transaction processing rights and trade name intangibles, which are primarily included in the Payment Services segment. The Company conducted its annual impairment test of intangible assets as of October 1, 2018 and 2017 and no impairment charges were identified. The following table summarizes the Company’s intangible assets (dollars in millions): December 31, 2018 2017 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Amortizable intangible assets Customer relationships $ 69 $ 67 $ 2 $ 69 $ 65 $ 4 Trade name and other 8 4 4 8 4 4 Total amortizable intangible assets 77 71 6 77 69 8 Non-amortizable intangible assets Trade names 132 — 132 132 — 132 International transaction processing rights 23 — 23 23 — 23 Total non-amortizable intangible assets 155 — 155 155 — 155 Total intangible assets $ 232 $ 71 $ 161 $ 232 $ 69 $ 163 Amortization expense related to the Company’s intangible assets was not material for the years ended December 31, 2018, 2017 and 2016 and the expected amortization expense for the next five years based on intangible assets at the end of the current period is not material, either individually or in the aggregate.

Deposits

Deposits	12 Months Ended
Deposits	Dec. 31, 2018
Deposits [Abstract]
Deposits	Deposits The Company offers its deposit products to customers through two channels: (i) through direct marketing, internet origination and affinity relationships (“direct-to-consumer deposits”); and (ii) indirectly through contractual arrangements with securities brokerage firms (“brokered deposits”). Direct-to-consumer deposits include online savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit and checking accounts, while brokered deposits include certificates of deposit and sweep accounts. The following table provides a summary of interest-bearing deposit accounts (dollars in millions): December 31, 2018 2017 Certificates of deposit in amounts less than $100,000 $ 27,947 $ 23,768 Certificates of deposit in amounts $100,000 or greater (1) 6,841 5,984 Savings deposits, including money market deposit accounts 32,296 28,413 Total interest-bearing deposits $ 67,084 $ 58,165 (1) Includes $1.7 billion and $1.4 billion in certificates of deposit equal to or greater than $250,000, the Federal Deposit Insurance Corporation (“FDIC”) insurance limit, as of December 31, 2018 and 2017 , respectively. The following table summarizes certificates of deposit in amounts of $100,000 or greater by contractual maturity (dollars in millions): December 31, 2018 Three months or less $ 994 Over three months through six months 1,025 Over six months through twelve months 2,459 Over twelve months 2,363 Total $ 6,841 The following table summarizes certificates of deposit maturing over each of the next five years and thereafter (dollars in millions): December 31, 2018 2019 $ 15,302 2020 7,216 2021 5,202 2022 2,877 2023 1,840 Thereafter 2,351 Total $ 34,788

Long-Term Borrowings

Long-Term Borrowings	12 Months Ended
Long-Term Borrowings	Dec. 31, 2018
Debt Disclosure [Abstract]
Long-Term Borrowings	Long-Term Borrowings Long-term borrowings consist of borrowings having original maturities of one year or more. The following table provides a summary of the Company’s long-term borrowings and weighted-average interest rates on outstanding balances (dollars in millions): December 31, 2018 December 31, 2017 Maturity Interest Weighted-Average Interest Rate Outstanding Amount Outstanding Amount Securitized Debt Fixed-rate asset-backed securities (1) 2019-2024 1.39%-3.32% 2.17% $ 10,657 $ 8,888 Floating-rate asset-backed securities (2)(3) 2019-2024 2.69%-3.11% 2.90% 6,063 7,038 Total Discover Card Master Trust I and Discover Card Execution Note Trust 16,720 15,926 Floating-rate asset-backed securities (4)(5) 2031 6.50% 6.50% 197 610 Total SLC Private Student Loan Trust 197 610 Total long-term borrowings - owed to securitization investors 16,917 16,536 Discover Financial Services (Parent Company) Fixed-rate senior notes 2019-2027 3.75%-10.25% 4.25% 2,743 2,710 Fixed-rate retail notes 2019-2031 2.85%-4.60% 3.73% 346 302 Discover Bank Fixed-rate senior bank notes (1) 2020-2028 3.10%-4.65% 3.69% 6,027 6,080 Fixed-rate subordinated bank notes 2019-2028 4.68%-8.70% 6.32% 1,195 698 Total long-term borrowings $ 27,228 $ 26,326 (1) The Company uses interest rate swaps to hedge portions of these long-term borrowings against changes in fair value attributable to changes in London Interbank Offered Rate (“LIBOR”). Use of these interest rate swaps impacts carrying value of the debt. See Note 21: Derivatives and Hedging Activities. (2) Discover Card Execution Note Trust floating-rate asset-backed securities include issuances with the following interest rate terms: 1-month LIBOR + 23 to 60 basis points and Commercial paper rate + 49 basis points as of December 31, 2018 . (3) The Company uses interest rate swaps to manage its exposure to changes in interest rates related to future cash flows resulting from interest payments on a portion of these long-term borrowings. There is no impact on debt carrying value from use of these interest rate swaps. See Note 21: Derivatives and Hedging Activities. (4) SLC Private Student Loan Trust floating-rate asset-backed securities include an issuance with the following interest rate term: Prime rate + 100 basis points as of December 31, 2018 . (5) Repayment of this debt is dependent upon the timing of principal and interest payments on the underlying student loans. The date shown represents final maturity date. The following table summarizes long-term borrowings maturing over each of the next five years and thereafter (dollars in millions): Amount 2019 $ 6,511 2020 4,707 2021 3,383 2022 2,806 2023 3,328 Thereafter 6,493 Total $ 27,228 The Company has access to committed borrowing capacity through private securitizations to support the funding of its credit card loan receivables. As of December 31, 2018 , the total commitment of secured credit facilities through private providers was $6.0 billion , $500 million of which was drawn at December 31, 2018 . Access to the unused portions of the secured credit facilities is subject to the terms of the agreements with each of the providers, which have various expirations in calendar years 2019 through 2020. Borrowings outstanding under each facility bear interest at a margin above LIBOR or the asset-backed commercial paper costs of each individual conduit provider. The terms of each agreement provide for a commitment fee to be paid on the unused capacity and include various affirmative and negative covenants, including performance metrics and legal requirements similar to those required to issue any term securitization transaction.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	12 Months Ended
Stock-Based Compensation Plans	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Plans	Stock-Based Compensation Plans The Company has two stock-based compensation plans: the Discover Financial Services Omnibus Incentive Plan (“Omnibus Plan”) and the Discover Financial Services Directors’ Compensation Plan (“Directors’ Compensation Plan”). Omnibus Plan The Omnibus Plan, which is stockholder approved, provides for the award of stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), performance stock units (“PSUs”) and other stock-based and/or cash awards (collectively, “awards”). Currently, the Company does not have any stock options, stock appreciation rights or restricted stock outstanding. The total number of shares that may be granted is 45 million shares, subject to adjustments for certain transactions as described in the Omnibus Plan document. Shares granted under the Omnibus Plan may be the following: (i) authorized but unissued shares and (ii) treasury shares that the Company acquires in the open market, in private transactions or otherwise. Directors’ Compensation Plan The Directors’ Compensation Plan, which is stockholder approved, permits the grant of RSUs to non-employee directors. Under the Directors’ Compensation Plan, the Company may issue awards of up to a total of 1,000,000 shares of common stock to non-employee directors. Shares of stock that are issuable pursuant to the awards granted under the Directors’ Compensation Plan may be authorized but unissued shares, treasury shares or shares that the Company acquires in the open market. Annual awards for eligible directors are calculated by dividing $150,000 by the fair market value of a share of stock on the date of grant and are subject to a restriction period whereby 100% of such units shall vest in full on the earlier of the one year anniversary of the date of grant or immediately prior to the first annual meeting of shareholders following the date of grant. RSUs include the right to receive dividend equivalents in the same amount and at the same time as dividends paid to all Company common shareholders. Stock-Based Compensation The following table details the compensation cost, net of forfeitures (dollars in millions): For the Years Ended December 31, 2018 2017 2016 RSUs $ 49 $ 44 $ 41 PSUs 32 31 23 Total stock-based compensation expense $ 81 $ 75 $ 64 Income tax benefit $ 15 $ 28 $ 24 RSUs The following table sets forth the activity related to vested and unvested RSUs: Number of Units Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) RSUs at December 31, 2017 2,902,390 $ 223 Granted 649,203 Conversions to common stock (889,201 ) Forfeited (55,898 ) RSUs at December 31, 2018 2,606,494 0.83 $ 154 Vested and convertible RSUs at December 31, 2018 1,263,694 — $ 75 The following table sets forth the activity related to unvested RSUs: Number of Units Weighted-Average Grant-Date Fair Value Unvested RSUs at December 31, 2017 (1) 1,331,170 $ 58.74 Granted 649,203 $ 77.53 Vested (883,317 ) $ 60.85 Forfeited (55,898 ) $ 68.17 Unvested RSUs at December 31, 2018 (1) 1,041,158 $ 68.16 (1) Unvested RSUs represent awards where recipients have yet to satisfy either explicit vesting terms or retirement-eligibility requirements. Compensation cost associated with RSUs is determined based on the number of units granted and the fair value on the date of grant. The fair value is amortized on a straight-line basis, net of estimated forfeitures over the requisite service period for each separately vesting tranche of the award. The requisite service period is generally the vesting period. The following table summarizes the total intrinsic value of the RSUs converted to common stock and the total grant-date fair value of RSUs vested (dollars in millions, except weighted-average grant-date fair value amounts): For the Years Ended December 31, 2018 2017 2016 Intrinsic value of RSUs converted to common stock $ 67 $ 41 $ 38 Grant-date fair value of RSUs vested $ 54 $ 37 $ 38 Weighted-average grant-date fair value of RSUs granted $ 77.53 $ 70.62 $ 48.86 As of December 31, 2018 , there was $22 million of total unrecognized compensation cost related to non-vested RSUs. The cost is expected to be recognized over a weighted-average period of 0.83 years . RSUs provide for accelerated vesting if there is a change in control or upon certain terminations (as defined in the Omnibus Plan or the award certificate). RSUs include the right to receive dividend equivalents in the same amount and at the same time as dividends paid to all Company common shareholders. PSUs The following table sets forth the activity related to vested and unvested PSUs: Number of Units Weighted-Average Grant-Date Fair Value Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) PSUs at December 31, 2017 (1) 999,999 $ 56.82 $ 77 Granted 251,579 $ 77.75 Conversions to common stock (303,492 ) $ 57.32 Forfeited (14,444 ) $ 59.87 PSUs at December 31, 2018 (1)(2)(3)(4) 933,642 $ 62.25 0.88 $ 55 (1) All PSUs outstanding at December 31, 2018 and December 31, 2017 are unvested PSUs. (2) Includes 441,370 PSUs granted in 2016 that are earned based on the Company’s achievement of earnings per share (“EPS”) during the three-year performance period which ends December 31, 2018 and are subject to the requisite service period which ended February 1, 2019 . (3) Includes 243,100 PSUs granted in 2017 that are earned based on the Company’s achievement of EPS during the three-year performance period which ends December 31, 2019 and are subject to the requisite service period which ends February 1, 2020 . (4) Includes 249,172 PSUs granted in 2018 that may be earned based on the Company’s achievement of EPS during the three-year performance period which ends December 31, 2020 and are subject to the requisite service period which ends February 1, 2021 . Compensation cost associated with PSUs is determined based on the number of instruments granted, the fair value on the date of grant and the performance factor. The fair value is amortized on a straight-line basis, net of estimated forfeitures, over the requisite service period. Each PSU outstanding at December 31, 2018 is a restricted stock instrument that is subject to additional conditions and constitutes a contingent and unsecured promise by the Company to pay up to 1.5 shares per unit of the Company’s common stock on the conversion date for the PSU, contingent on the number of PSUs to be issued. PSUs have a performance period of three years and a vesting period of three years . The requisite service period of an award, having both performance and service conditions, is the longest of the explicit, implicit and derived service periods. The following table summarizes the total intrinsic value of the PSUs converted to common stock and the total grant-date fair value of PSUs vested (dollars in millions, except weighted-average grant-date fair value amounts): For the Years Ended December 31, 2018 2017 2016 Intrinsic value of PSUs converted to common stock $ 30 $ 27 $ 36 Grant-date fair value of PSUs vested $ 17 $ 18 $ 20 Weighted-average grant-date fair value of PSUs granted $ 77.75 $ 71.17 $ 48.95 As of December 31, 2018 , there was $8 million of total unrecognized compensation cost related to non-vested PSUs. The cost is expected to be recognized over a weighted-average period of 0.5 years . PSUs provide for accelerated vesting if there is a change in control or upon certain terminations (as defined in the Omnibus Plan or the award certificate). PSUs include the right to receive dividend equivalents, which will accumulate and pay out in cash if and when the underlying shares are issued.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 31, 2018
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company sponsors the Discover Financial Services Pension Plan (the “Discover Pension Plan”), which is a non-contributory defined benefit plan that is qualified under Section 401(a) of the Internal Revenue Code, for eligible employees in the U.S. Effective December 31, 2008, the Discover Pension Plan was amended to discontinue the accrual of future benefits. The Company also sponsors the Discover Financial Services 401(k) Plan (the “Discover 401(k) Plan”), which is a defined contribution plan that is qualified under Section 401(a) of the Internal Revenue Code, for its eligible U.S. employees. Discover Pension Plan The Discover Pension Plan generally provides retirement benefits that are based on each participant’s years of credited service prior to 2009 and on compensation specified in the Discover Pension Plan. The Company’s policy is to fund at least the amounts sufficient to meet minimum funding requirements under the Employee Retirement Income Security Act of 1974, as amended. Net Periodic Benefit Cost Net periodic benefit cost expensed by the Company included the following components (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Service cost, benefits earned during the period $ — $ — $ — Interest cost on projected benefit obligation 22 23 23 Expected return on plan assets (26 ) (25 ) (25 ) Net amortization 5 4 4 Net periodic benefit cost $ 1 $ 2 $ 2 Accumulated Other Comprehensive Income Pretax amounts recognized in AOCI that have not yet been recognized as components of net periodic benefit cost consist of (dollars in millions): December 31, 2018 Prior service credit $ 2 Net loss (263 ) Total $ (261 ) Benefit Obligations and Funded Status The following table provides a reconciliation of the changes in the benefit obligation and fair value of plan assets as well as a summary of the Discover Pension Plan’s funded status (dollars in millions): For the Years Ended December 31, 2018 2017 Reconciliation of benefit obligation Benefit obligation at beginning of year $ 603 $ 546 Interest cost 22 23 Actuarial (gain) loss (57 ) 54 Benefits paid (18 ) (20 ) Benefit obligation at end of year 550 603 Reconciliation of fair value of plan assets Fair value of plan assets at beginning of year 424 381 Actual return on plan assets (36 ) 63 Employer contributions 85 — Benefits paid (18 ) (20 ) Fair value of plan assets at end of year 455 424 Unfunded status (recorded in accrued expenses and other liabilities) $ (95 ) $ (179 ) Assumptions The following table presents the assumptions used to determine the benefit obligation: December 31, 2018 2017 Discount rate 4.27 % 3.68 % The following table presents the assumptions used to determine net periodic benefit cost: For the Years Ended December 31, 2018 2017 2016 Discount rate 3.68 % 4.29 % 4.50 % Expected long-term rate of return on plan assets 6.15 % 6.50 % 6.50 % The expected long-term rate of return on plan assets was estimated by computing a weighted-average return of the underlying long-term expected returns on the different asset classes, based on the target asset allocations. Asset class return assumptions are created by integrating information on past capital market performance, current levels of key economic indicators and the market insights of investment professionals. Individual asset classes are analyzed as part of a larger system, acknowledging both the interaction between asset classes and the influence of larger macroeconomic variables such as inflation and economic growth on the entire structure of capital markets. Medium and long-term economic outlooks for the U.S. and other major industrial economies are forecast in order to understand the range of possible economic scenarios and evaluate their likelihood. Historical relationships between key economic variables and asset class performance patterns are analyzed using empirical models. Finally, comprehensive asset class performance projections are created by blending descriptive asset class characteristics with capital market insight and the initial economic analyses. The expected long-term return on plan assets is a long-term assumption that generally is expected to remain the same from one year to the next but is adjusted if there is a material change in the target asset allocation and/or significant changes in fees and expenses paid by the Discover Pension Plan. Discover Pension Plan Assets The targeted asset allocation for 2019 by asset class is 66% and 34% for fixed income securities and equity securities, respectively. The Discover Financial Services Retirement Plan Investment Committee (the “Investment Committee”) determined the asset allocation targets for the Discover Pension Plan based on its assessment of business and financial conditions, demographic and actuarial data, funding characteristics and related risk factors. Other relevant factors, including industry practices and long-term historical and prospective capital market returns were considered as well. The Discover Pension Plan return objectives provide long-term measures for monitoring the investment performance against growth in the pension obligations. The overall allocation is expected to help protect the Discover Pension Plan’s funded status while generating sufficiently stable real returns (net of inflation) to help cover current and future benefit payments and to improve the Discover Pension Plan’s funded status. Total Discover Pension Plan portfolio performance is assessed by comparing actual returns with relevant benchmarks, such as the S&P 500 Index, the S&P 500 Total Return Index, the Russell 2000 Index and the MSCI All Country World Index. Both the equity and fixed income portions of the asset allocation use a combination of active and passive investment strategies and different investment styles. The fixed income asset allocation consists of longer duration fixed income securities in order to help reduce plan exposure to interest rate variation and to better correlate assets with obligations. The longer duration fixed income allocation is expected to help stabilize the funding status ratio over the long term. The asset mix of the Discover Pension Plan is reviewed by the Investment Committee on a regular basis. The asset allocation strategy will change over time in response to changes in the Discover Pension Plan’s funded status. Fair Value Measurements The Discover Pension Plan’s assets are stated at fair value. Quoted market prices in active markets are the best evidence of fair value and are used as the basis for the measurement, if available. If a quoted market price is not available, the estimate of the fair value is based on the best information available in the circumstances. The table below presents information about the Discover Pension Plan assets and indicates the level within the fair value hierarchy, as defined by ASC Topic 820, with which each item is associated as of the end of the current period. For a description of the fair value hierarchy, see Note 20: Fair Value Measurements. (dollars in millions): Level 1 Level 2 Level 3 Net Asset Value Total Net Asset Allocation Balance at December 31, 2018 Assets Domestic small/mid cap equity fund $ — $ 6 $ — $ — $ 6 1 % Emerging markets equity fund — — — 17 17 4 Global equity fund — 82 — 42 124 27 Domestic large cap equity fund — 7 — — 7 2 Long duration credit fund — 125 — — 125 28 Futures contracts — 6 — — 6 1 Non-core fixed income fund — — 65 — 65 14 U.S. Treasury securities 59 — — — 59 13 Stable value fund — 1 — — 1 — Temporary investment fund — 45 — — 45 10 Total assets $ 59 $ 272 $ 65 $ 59 $ 455 100 % Balance at December 31, 2017 Assets Domestic small/mid cap equity fund $ — $ 34 $ — $ — $ 34 8 % Emerging markets equity fund — 34 — — 34 8 Global low volatility equity fund — 22 — — 22 5 International core equity fund — 51 — — 51 12 Domestic large cap equity fund — 57 — — 57 13 Long duration fixed income fund — 219 — — 219 52 Stable value fund — 1 — — 1 — Temporary investment fund — 6 — — 6 2 Total assets $ — $ 424 $ — $ — $ 424 100 % There were no transfers between Levels 1 and 2 within the fair value hierarchy for the years ended December 31, 2018 and 2017 . Cash Flows The Company does not expect to make any contributions to the Discover Pension Plan in 2019 . Expected benefit payments associated with the Discover Pension Plan for each of the next five years and in aggregate for the years thereafter are as follows (dollars in millions): December 31, 2018 2019 $ 15 2020 $ 16 2021 $ 17 2022 $ 19 2023 $ 20 Following five years thereafter $ 124 Discover 401(k) Plan Under the Discover 401(k) Plan, eligible U.S. employees receive 401(k) matching contributions. Eligible employees also receive fixed employer contributions. The pretax expense associated with the Company contributions for the years ended December 31, 2018, 2017 and 2016 was $69 million , $64 million and $59 million , respectively.

Common and Preferred Stock

Common and Preferred Stock	12 Months Ended
Common and Preferred Stock	Dec. 31, 2018
Class of Stock Disclosures [Abstract]
Common and Preferred Stock	Common and Preferred Stock Preferred Stock The Company has 5,700 shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (the “preferred stock”), outstanding with a par value of $0.01 per share that were issued on October 31, 2017. Each share of preferred stock has a liquidation preference of $100,000 and is represented by 100 depositary shares. Proceeds, net of underwriting discount, received from the preferred stock issuance totaled approximately $563 million . The preferred stock is redeemable at the Company’s option, subject to regulatory approval, either (1) in whole or in part on any dividend payment date on or after October 30, 2027 or (2) in whole but not in part, at any time within 90 days following a regulatory capital event (as defined in the certificate of designations for the preferred stock), in each case at a redemption price equal to $100,000 per share of preferred stock plus declared and unpaid dividends. Any dividends declared on the preferred stock will be payable semi-annually in arrears at a rate of 5.50% per annum through October 30, 2027. Thereafter, dividends declared on preferred stock will be payable quarterly in arrears at a floating rate equal to three-month LIBOR plus a spread of 3.076% per annum. On December 1, 2017, the Company redeemed all outstanding shares of the Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, for an aggregate price of $575 million and charged to retained earnings $15 million of original issuance costs. Stock Repurchase Program On July 19, 2018 , the Company’s Board of Directors approved a share repurchase program authorizing the repurchase of up to $3.0 billion of its outstanding shares of common stock. The program expires on January 31, 2020 and may be terminated at any time. During the year ended December 31, 2018 , the Company repurchased 27,371,072 shares for $2.0 billion .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	12 Months Ended
Accumulated Other Comprehensive Income	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income Changes in each component of AOCI were as follows (dollars in millions): Unrealized (Losses) Gains on Available-for-Sale Investment Securities, Net of Tax Gains (Losses) on Cash Flow Hedges, Net of Tax Losses on Pension Plan, Net of Tax AOCI For the Year Ended December 31, 2018 Balance at December 31, 2017 $ (5 ) $ 10 $ (157 ) $ (152 ) Cumulative effect of ASU No. 2018-02 adoption (1) (1 ) 3 (31 ) (29 ) Net change 16 9 — 25 Balance at December 31, 2018 $ 10 $ 22 $ (188 ) $ (156 ) For the Year Ended December 31, 2017 Balance at December 31, 2016 $ (3 ) $ (13 ) $ (145 ) $ (161 ) Net change (2 ) 23 (12 ) 9 Balance at December 31, 2017 $ (5 ) $ 10 $ (157 ) $ (152 ) For the Year Ended December 31, 2016 Balance at December 31, 2015 $ — $ (20 ) $ (140 ) $ (160 ) Net change (3 ) 7 (5 ) (1 ) Balance at December 31, 2016 $ (3 ) $ (13 ) $ (145 ) $ (161 ) (1) Represents the adjustment to AOCI as a result of adoption of ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, in the second quarter of 2018. The following table presents each component of OCI before reclassifications and amounts reclassified from AOCI for each component of OCI before- and after-tax (dollars in millions): Before Tax Tax (Expense) Benefit Net of Tax For the Year Ended December 31, 2018 Available-for-Sale Investment Securities Net unrealized holding gains arising during the period $ 23 $ (7 ) $ 16 Net change $ 23 $ (7 ) $ 16 Cash Flow Hedges Net unrealized gains arising during the period $ 17 $ (4 ) $ 13 Amounts reclassified from AOCI (6 ) 2 (4 ) Net change $ 11 $ (2 ) $ 9 For the Year Ended December 31, 2017 Available-for-Sale Investment Securities Net unrealized holding losses arising during the period $ (3 ) $ 1 $ (2 ) Net change $ (3 ) $ 1 $ (2 ) Cash Flow Hedges Net unrealized gains arising during the period $ 23 $ (9 ) $ 14 Amounts reclassified from AOCI 15 (6 ) 9 Net change $ 38 $ (15 ) $ 23 Pension Plan Unrealized losses arising during the period $ (15 ) $ 3 $ (12 ) Net change $ (15 ) $ 3 $ (12 ) For the Year Ended December 31, 2016 Available-for-Sale Investment Securities Net unrealized holding losses arising during the period $ (4 ) $ 1 $ (3 ) Net change $ (4 ) $ 1 $ (3 ) Cash Flow Hedges Net unrealized losses arising during the period $ (23 ) $ 8 $ (15 ) Amounts reclassified from AOCI 35 (13 ) 22 Net change $ 12 $ (5 ) $ 7 Pension Plan Unrealized losses arising during the period $ (9 ) $ 4 $ (5 ) Net change $ (9 ) $ 4 $ (5 )

Other Expense

Other Expense	12 Months Ended
Other Expense	Dec. 31, 2018
Other Income and Expenses [Abstract]
Other Expense	Other Expense Total other expense includes the following components (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Postage $ 86 $ 78 $ 81 Fraud losses and other charges 83 89 98 Supplies 29 39 41 Credit-related inquiry fees 18 17 18 Incentive expense 85 37 24 Other expense 168 164 173 Total other expense $ 469 $ 424 $ 435

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense consisted of the following (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Current U.S. federal $ 839 $ 1,056 $ 1,066 U.S. state and local 206 96 149 Total 1,045 1,152 1,215 Deferred U.S. federal (163 ) 288 45 U.S. state and local (27 ) (2 ) 3 Total (190 ) 286 48 Income tax expense $ 855 $ 1,438 $ 1,263 The following table reconciles the Company’s effective tax rate to the U.S. federal statutory income tax rate: For the Years Ended December 31, 2018 2017 2016 U.S. federal statutory income tax rate 21.0 % 35.0 % 35.0 % U.S. state, local and other income taxes, net of U.S. federal income tax benefits 3.6 3.1 2.7 Revaluation of net deferred tax assets and other investments due to tax reform (1) — 5.1 — Tax credits (1.3 ) (1.3 ) (1.8 ) Other 0.5 (1.2 ) (1.4 ) Effective income tax rate 23.8 % 40.7 % 34.5 % (1) See Note 3: Investments — Other Investments for a description of these investments. For the year ended December 31, 2018 , income tax expense decreased $583 million , or 40.5% , and the effective income tax rate decreased 16.9 percentage points as compared to the year ended December 31, 2017 . The decrease in both the effective tax rate and income tax expense is primarily due to a reduction in the U.S. federal statutory income tax rate from 35% to 21% and other impacts of TCJA. Income tax expense increased $175 million , or 13.9% , and the effective tax rate increased 6.2 percentage points for the year ended December 31, 2017 as compared to the year ended December 31, 2016 . The increase in both the effective tax rate and income tax expense is primarily due to the revaluation of net deferred tax assets and certain investments as a result of a reduction in the U.S. federal statutory income tax rate from 35% to 21% under the TCJA. Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. Valuation allowances are provided to reduce deferred tax assets to an amount that is more likely than not to be realized. The Company evaluates the likelihood of realizing its deferred tax assets by estimating sources of future taxable income and the impact of tax planning strategies. Significant components of the Company’s net deferred income taxes, which are included in other assets in the consolidated statements of financial condition, were as follows (dollars in millions): December 31, 2018 2017 Deferred tax assets Allowance for loan losses $ 730 $ 522 Compensation and benefits 65 66 Other 44 40 Total deferred tax assets before valuation allowance 839 628 Valuation allowance (1 ) (3 ) Total deferred tax assets, net of valuation allowance 838 625 Deferred tax liabilities Customer fees and rewards (159 ) (145 ) Depreciation and software amortization (137 ) (109 ) Debt exchange premium (34 ) (41 ) Intangibles (26 ) (24 ) Other (48 ) (53 ) Total deferred tax liabilities (404 ) (372 ) Net deferred tax assets (1) $ 434 $ 253 (1) The change in net deferred tax assets attributable to the TCJA is reflected on the Consolidated Statements of Cash Flows under “Other, net”. A reconciliation of beginning and ending unrecognized tax benefits is as follows (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Balance at beginning of period $ 123 $ 158 $ 286 Additions Current year tax positions 5 9 13 Prior year tax positions 6 23 22 Reductions Prior year tax positions (17 ) (41 ) (139 ) Settlements with taxing authorities (25 ) (25 ) (17 ) Expired statute of limitations (9 ) (1 ) (7 ) Balance at end of period (1) $ 83 $ 123 $ 158 (1) For the years ended December 31, 2018, 2017 and 2016 , amounts included $74 million , $105 million and $110 million respectively, of unrecognized tax benefits, which, if recognized, would favorably affect the effective tax rate. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense. Interest and penalties related to unrecognized tax benefits were $15 million and $27 million for the years ended December 31, 2018 and 2017 , respectively. The Company is subject to examination by the Internal Revenue Service (“IRS”) and tax authorities in various state, local and foreign tax jurisdictions. The Company regularly assesses the likelihood of additional assessments or settlements in each of the taxing jurisdictions resulting from these and subsequent years’ examinations. The IRS is currently examining the years 2011-2015. At this time, the potential change in unrecognized tax benefits is not expected to be significant over the next 12 months. The Company believes that its reserves are sufficient to cover any tax, penalties and interest that would result from such examinations. The Company has an immaterial amount of state net operating loss carryforwards that are subject to a partial valuation allowance as of December 31, 2018 and a full valuation allowance as of December 31, 2017 .

Earnings Per Share

Earnings Per Share	12 Months Ended
Earnings Per Share	Dec. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table presents the calculation of basic and diluted earnings per share (in millions, except per share amounts): For the Years Ended December 31, 2018 2017 2016 Numerator Net income $ 2,742 $ 2,099 $ 2,393 Preferred stock dividends (31 ) (37 ) (37 ) Issuance costs for Series B preferred stock redemption — (15 ) — Net income available to common stockholders 2,711 2,047 2,356 Income allocated to participating securities (22 ) (16 ) (17 ) Net income allocated to common stockholders $ 2,689 $ 2,031 $ 2,339 Denominator Weighted-average shares of common stock outstanding 344 374 405 Effect of dilutive common stock equivalents 1 — 1 Weighted-average shares of common stock outstanding and common stock equivalents 345 374 406 Basic earnings per common share $ 7.81 $ 5.43 $ 5.77 Diluted earnings per common share $ 7.79 $ 5.42 $ 5.77 Anti-dilutive securities were not material and had no impact on the computation of diluted EPS for the years ended December 31, 2018, 2017 and 2016 .

Capital Adequacy

Capital Adequacy	12 Months Ended
Capital Adequacy	Dec. 31, 2018
Regulatory Capital Requirements [Abstract]
Capital Adequacy	Capital Adequacy The Company is subject to the capital adequacy guidelines of the Federal Reserve, and Discover Bank, the Company’s main banking subsidiary, is subject to various regulatory capital requirements as administered by the FDIC. Failure to meet minimum capital requirements can result in the initiation of certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the financial position and results of the Company and Discover Bank. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Discover Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items, as calculated under regulatory guidelines. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. In 2013, the Federal Reserve, the Office of the Comptroller of the Currency, and the FDIC issued final capital rules under the Basel Committee’s December 2010 framework (referred to as “Basel III”) establishing a new comprehensive capital framework for U.S. banking organizations. The final capital rules (“Basel III rules”) substantially revise Basel I rules regarding the risk-based capital requirements applicable to bank holding companies and depository institutions, including the Company. The Basel III rules, which became effective for the Company on January 1, 2015, are subject to phase-in periods through the end of 2018. This timing is based on the Company being classified as a “Standardized Approach” entity. Among other things, the Basel III rules (i) introduced a new capital measure called Common Equity Tier 1 (“CET1”), (ii) specify that Tier 1 capital consists of CET1 and additional Tier 1 capital instruments meeting specified requirements, (iii) apply most deductions/adjustments to regulatory capital measures to CET1 and not to the other components of capital, thus potentially requiring higher levels of CET1 in order to meet minimum ratios and (iv) expand the scope of the deductions/adjustments from capital as compared to existing regulations. The Basel III minimum capital ratios are as follows: • 8.0% Total capital (i.e., Tier 1 plus Tier 2) to risk-weighted assets; • 6.0% Tier 1 capital (i.e., CET1 plus Additional Tier 1) to risk-weighted assets; • 4.0% Tier 1 capital to average consolidated assets as reported on consolidated financial statements (known as the “leverage ratio”); and • 4.5% CET1 to risk-weighted assets. As of December 31, 2018 , the Company and Discover Bank met all Basel III minimum capital ratio requirements to which they were subject. The Company and Discover Bank also met the requirements to be considered “well-capitalized” under Regulation Y and prompt corrective action regulations, respectively, and there have been no conditions or events that management believes have changed the Company’s or Discover Bank’s category. To be categorized as “well-capitalized,” the Company and Discover Bank must maintain minimum capital ratios as set forth in the table below. The following table shows the actual capital amounts and ratios of the Company and Discover Bank and comparisons of each to the regulatory minimum and “well-capitalized” requirements (dollars in millions): Actual Minimum Capital Requirements Capital Requirements To Be Classified as Well-Capitalized Amount Ratio (1) Amount Ratio Amount (2) Ratio (2) December 31, 2018 Total capital (to risk-weighted assets) Discover Financial Services $ 12,532 13.5 % $ 7,450 ≥8.0% $ 9,312 ≥10.0% Discover Bank $ 13,106 14.2 % $ 7,372 ≥8.0% $ 9,215 ≥10.0% Tier 1 capital (to risk-weighted assets) Discover Financial Services $ 10,895 11.7 % $ 5,587 ≥6.0% $ 5,587 ≥6.0% Discover Bank $ 10,834 11.8 % $ 5,529 ≥6.0% $ 7,372 ≥8.0% Tier 1 capital (to average assets) Discover Financial Services $ 10,895 10.1 % $ 4,308 ≥4.0% N/A N/A Discover Bank $ 10,834 10.2 % $ 4,265 ≥4.0% $ 5,332 ≥5.0% CET1 capital (to risk-weighted assets) Discover Financial Services $ 10,332 11.1 % $ 4,191 ≥4.5% N/A N/A Discover Bank $ 10,834 11.8 % $ 4,147 ≥4.5% $ 5,990 ≥6.5% December 31, 2017 Total capital (to risk-weighted assets) Discover Financial Services $ 11,952 13.8 % $ 6,946 ≥8.0% $ 8,683 ≥10.0% Discover Bank $ 12,364 14.4 % $ 6,872 ≥8.0% $ 8,589 ≥10.0% Tier 1 capital (to risk-weighted assets) Discover Financial Services $ 10,677 12.3 % $ 5,210 ≥6.0% $ 5,210 ≥6.0% Discover Bank $ 10,533 12.3 % $ 5,154 ≥6.0% $ 6,872 ≥8.0% Tier 1 capital (to average assets) Discover Financial Services $ 10,677 10.8 % $ 3,949 ≥4.0% N/A N/A Discover Bank $ 10,533 10.8 % $ 3,912 ≥4.0% $ 4,890 ≥5.0% CET1 capital (to risk-weighted assets) Discover Financial Services $ 10,114 11.6 % $ 3,907 ≥4.5% N/A N/A Discover Bank $ 10,533 12.3 % $ 3,865 ≥4.5% $ 5,583 ≥6.5% (1) Capital ratios are calculated based on the Basel III Standardized Approach rules, subject to applicable transition provisions. (2) The Basel III rules do not establish well-capitalized thresholds for these measures for bank holding companies. Existing well-capitalized thresholds established in the Federal Reserve’s Regulation Y have been included where available. The amount of dividends that a bank may pay in any year is subject to certain regulatory restrictions. Under the current banking regulations, a bank may not pay dividends if such a payment would leave the bank inadequately capitalized. Discover Bank paid dividends of $2.4 billion , $1.9 billion and $1.8 billion in the years ended December 31, 2018, 2017 and 2016 , respectively, to the Company.

Commitments, Contingencies and

Commitments, Contingencies and Guarantees	12 Months Ended
Commitments, Contingencies and Guarantees	Dec. 31, 2018
Commitments Contingencies and Guarantees [Abstract]
Commitments, Contingencies and Guarantees	Commitments, Contingencies and Guarantees In the normal course of business, the Company enters into a number of off-balance sheet commitments, transactions and obligations under guarantee arrangements that expose the Company to varying degrees of risk. The Company’s commitments, contingencies and guarantee relationships are described below. Commitments Lease Commitments The Company leases various office space and equipment under capital and non-cancelable operating leases, which expire at various dates through 2029. Future minimum payments on capital leases were not material at December 31, 2018. The following table shows future minimum payments on non-cancelable operating leases with original terms in excess of one year (dollars in millions): Operating Leases 2019 $ 13 2020 11 2021 10 2022 8 2023 8 Thereafter 33 Total minimum lease payments $ 83 Occupancy lease agreements, in addition to base rentals, generally provide for rent and operating expense escalations resulting from increased assessments for real estate taxes and other charges. Total rent expense under operating lease agreements, which considers contractual escalations, was $15 million , $14 million and $15 million for the years ended December 31, 2018, 2017 and 2016 , respectively. Unused Credit Arrangements At December 31, 2018 , the Company had unused credit arrangements for loans of approximately $196.4 billion . Such arrangements arise primarily from agreements with customers for unused lines of credit on certain credit cards and certain other loan products, provided there is no violation of conditions in the related agreements. These arrangements, substantially all of which the Company can terminate at any time and which do not necessarily represent future cash requirements, are periodically reviewed based on account usage, customer creditworthiness and loan qualification. Contingencies See Note 19: Litigation and Regulatory Matters for a description of potential liability arising from pending litigation or regulatory proceedings involving the Company. Guarantees The Company has obligations under certain guarantee arrangements, including contracts, indemnification agreements, and representations and warranties, which contingently require the Company to make payments to the guaranteed party based on changes in an underlying asset, liability or equity security of a guaranteed party, rate or index. Also included as guarantees are contracts that contingently require the Company to make payments to a guaranteed party based on another entity’s failure to perform under an agreement. The Company’s use of guarantees is disclosed below by type of guarantee. Securitizations Representations and Warranties As part of the Company’s financing activities, the Company provides representations and warranties that certain assets pledged as collateral in secured borrowing arrangements conform to specified guidelines. Due diligence is performed by the Company, which is intended to ensure that asset guideline qualifications are met. If the assets pledged as collateral do not meet certain conforming guidelines, the Company may be required to replace, repurchase or sell such assets. In its credit card securitization activities, the Company would replace nonconforming receivables through the allocation of excess seller’s interest or from additional transfers from the unrestricted pool of receivables. If the Company could not add enough receivables to satisfy the requirement, an early amortization (or repayment) of investors’ interests would be triggered. In its student loan securitizations, the Company would generally repurchase the loans from the trust at the outstanding principal amount plus interest. The maximum potential amount of future payments the Company could be required to make would be equal to the current outstanding balances of third-party investor interests in credit card asset-backed securities, and the principal amount of any student loan secured borrowings, plus any unpaid interest for the corresponding secured borrowings. The Company has recorded substantially all of the maximum potential amount of future payments in long-term borrowings on the Company’s consolidated statements of financial condition. The Company has not recorded any incremental contingent liability associated with its secured borrowing representations and warranties. Management believes that the probability of having to replace, repurchase or sell assets pledged as collateral under secured borrowing arrangements, including an early amortization event, is low. Counterparty Settlement Guarantees Diners Club and DFS Services LLC (on behalf of PULSE) have various counterparty exposures, which are listed below. • Merchant Guarantee . Diners Club has entered into contractual relationships with certain international merchants, which generally include travel-related businesses, for the benefit of all Diners Club licensees. The licensees hold the primary liability to settle the transactions of their customers with these merchants. However, Diners Club retains a counterparty exposure if a licensee fails to meet its financial payment obligation to one of these merchants. • ATM Guarantee. PULSE entered into contractual relationships with certain international ATM acquirers in which DFS Services LLC retains counterparty exposure if an issuer fails to fulfill its settlement obligation. • Network Alliance Guarantee. Discover Network, Diners Club and PULSE have entered into contractual relationships with certain international payment networks in which DFS Services LLC retains the counterparty exposure if a network fails to fulfill its settlement obligation. The maximum potential amount of future payments related to such contingent obligations is dependent upon the transaction volume processed between the time a potential counterparty defaults on its settlement and the time at which the Company disables the settlement of any further transactions for the defaulting party. However, there is no limitation on the maximum amount the Company may be liable to pay. The actual amount of the potential exposure cannot be quantified as the Company cannot determine whether particular counterparties will fail to meet their settlement obligations. While the Company has some contractual remedies to offset these counterparty settlement exposures (such as letters of credit or pledged deposits), in the event that all licensees and/or issuers were to become unable to settle their transactions, the Company estimates its maximum potential counterparty exposures to these settlement guarantees, based on historical transaction volume, would be $115 million for merchant guarantees as of December 31, 2018 . The maximum potential counterparty exposures to these settlement guarantees for ATM guarantees would be immaterial as of December 31, 2018 . The maximum potential counterparty exposures for network alliance guarantees would be $34 million as of December 31, 2018 . The Company believes that the estimated amounts of maximum potential future payments are not representative of the Company’s actual potential loss exposure given Diners Club’s and PULSE’s insignificant historical losses from these counterparty exposures. As of December 31, 2018 , the Company had not recorded any contingent liability in the consolidated financial statements for these counterparty exposures, and management believes that the probability of any payments under these arrangements is low. Discover Network Merchant Chargeback Guarantees The Company operates the Discover Network, issues payment cards and permits third parties to issue payment cards. The Company is contingently liable for certain transactions processed on the Discover Network in the event of a dispute between the payment card customer and a merchant. The contingent liability arises if the disputed transaction involves a merchant or merchant acquirer with whom the Discover Network has a direct relationship. If a dispute is resolved in the customer’s favor, the Discover Network will credit or refund the disputed amount to the Discover Network card issuer, who in turn credits its customer’s account. The Discover Network will then charge back the disputed amount of the payment card transaction to the merchant or merchant acquirer, where permitted by the applicable agreement, to seek recovery of amounts already paid to the merchant for payment card transactions. If the Discover Network is unable to collect the amount subject to dispute from the merchant or merchant acquirer (e.g., in the event of merchant default or dissolution or after expiration of the time period for chargebacks in the applicable agreement), the Discover Network will bear the loss for the amount credited or refunded to the customer. In most instances, a loss by the Discover Network is unlikely to arise in connection with payments on card transactions because most products or services are delivered when purchased and credits are issued by merchants on returned items in a timely fashion, thus minimizing the likelihood of cardholder disputes with respect to amounts paid by the Discover Network. However, where the product or service is not scheduled to be provided to the customer until a later date following the purchase, the likelihood of a contingent payment obligation by the Discover Network increases. Losses related to merchant chargebacks were not material for the years ended December 31, 2018, 2017 and 2016 . The maximum potential amount of obligations of the Discover Network arising as a result of such contingent obligations is estimated to be the portion of the total Discover Network transaction volume processed to date for which timely and valid disputes may be raised under applicable law and relevant issuer and customer agreements. There is no limitation on the maximum amount the Company may be liable to pay to issuers. However, the Company believes that such amount is not representative of the Company’s actual potential loss exposure based on the Company’s historical experience. The actual amount of the potential exposure cannot be quantified as the Company cannot determine whether the current or cumulative transaction volumes may include or result in disputed transactions. The following table summarizes certain information regarding merchant chargeback guarantees (in millions): For the Years Ended December 31, 2018 2017 2016 Aggregate sales transaction volume (1) $ 158,910 $ 143,551 $ 136,413 (1) Represents period transactions processed on the Discover Network for which a potential liability exists that, in aggregate, can differ from credit card sales volume. The Company did not record any contingent liability in the consolidated financial statements for merchant chargeback guarantees on December 31, 2018 or 2017 . The Company mitigates the risk of potential loss exposure by withholding settlement from merchants, obtaining third-party guarantees, or obtaining escrow deposits or letters of credit from certain merchant acquirers or merchants that are considered higher risk due to various factors such as time delays in the delivery of products or services. As of December 31, 2018 and 2017 , the Company had escrow deposits and settlement withholdings of $10 million , which are recorded in interest-bearing deposit accounts and accrued expenses and other liabilities on the Company’s consolidated statements of financial condition.

Litigation and Regulatory Matte

Litigation and Regulatory Matters	12 Months Ended
Litigation and Regulatory Matters	Dec. 31, 2018
Loss Contingency [Abstract]
Litigation and Regulatory Matters	Litigation and Regulatory Matters In the normal course of business, from time to time, the Company has been named as a defendant in various legal actions, including arbitrations, class actions and other litigation, arising in connection with its activities. Certain of the actual or threatened legal actions include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of damages. The litigation process is not predictable and can lead to unexpected results. The Company contests liability and/or the amount of damages as appropriate in each pending matter. The Company has historically offered its customers an arbitration clause in its customer agreements. The arbitration clause allows the Company and its customers to quickly and economically resolve disputes. Additionally, the arbitration clause has in some instances limited the costs of, and the Company’s exposure to, litigation. Future legal and regulatory challenges and prohibitions may cause the Company to discontinue its offering and use of such clauses. From time to time, the Company is involved in legal actions challenging its arbitration clause. Bills may be periodically introduced in Congress to directly or indirectly prohibit the use of pre-dispute arbitration clauses. On July 10, 2017, the Consumer Financial Protection Bureau (the "CFPB") issued a final arbitration rule (the "Arbitration Rule") that would have effectively banned consumer financial companies from including class action waivers in arbitration clauses. On November 1, 2017, a resolution of disapproval of the Arbitration Rule was signed into law and the Arbitration Rule was blocked from taking effect and cannot be reissued in substantially the same form, nor can a new rule that is substantially similar be issued unless specifically authorized by a law enacted after the date of the resolution of disapproval. The Company is also involved, from time to time, in other reviews, investigations and proceedings (both formal and informal) by governmental agencies regarding the Company’s business including, among other matters, consumer regulatory, accounting, tax and other operational matters, some of which may result in significant adverse judgments, settlements, fines, penalties, injunctions, decreases in regulatory ratings, customer restitution or other relief, which could materially impact the Company’s consolidated financial statements, increase its cost of operations, or limit its ability to execute its business strategies and engage in certain business activities. For example, the Company is currently the subject of an action by the Federal Reserve with respect to anti-money laundering and related compliance programs as referred to below. In addition, certain subsidiaries of the Company are subject to a consent order with the CFPB regarding certain student loan servicing practices, as described below. Pursuant to powers granted under federal banking laws, regulatory agencies have broad and sweeping discretion, and may assess civil money penalties, require changes to certain business practices or require customer restitution at any time. The existing supervisory action related to anti-money laundering and related laws and regulations will limit for a period of time the Company’s ability to enter into certain types of acquisitions and make certain types of investments. In accordance with applicable accounting guidance, the Company establishes an accrued liability for legal and regulatory matters when those matters present loss contingencies that are both probable and estimable. Litigation and regulatory settlement related expense was not material for the years ended December 31, 2018, 2017 and 2016 . There may be an exposure to loss in excess of any amounts accrued. The Company believes the estimate of the aggregate range of reasonably possible losses (meaning those losses the likelihood of which is more than remote but less than likely) in excess of the amounts that the Company has accrued for legal and regulatory proceedings is up to $100 million . This estimated range of reasonably possible losses is based upon currently available information for those proceedings in which the Company is involved, takes into account the Company’s best estimate of such losses for those matters for which an estimate can be made, and does not represent the Company’s maximum potential loss exposure. Various aspects of the legal proceedings underlying the estimated range will change from time to time and actual results may vary significantly from the estimate. The Company’s estimated range above involves significant judgment, given the varying stages of the proceedings, the existence of numerous yet to be resolved issues, the breadth of the claims (often spanning multiple years and, in some cases, a wide range of business activities), unspecified damages and/or the novelty of the legal issues presented. The outcome of pending matters could be material to the Company’s consolidated financial condition, operating results and cash flows for a particular future period, depending on, among other things, the level of the Company’s income for such period, and could adversely affect the Company’s reputation. On May 26, 2015, the Company entered into a written agreement with the Federal Reserve Bank of Chicago where the Company agreed to enhance the Company’s enterprise-wide anti-money laundering and related compliance programs. The agreement does not include civil money penalties. On July 22, 2015, the Company announced that its subsidiaries, Discover Bank, SLC and Discover Products Inc. (the “Discover Subsidiaries”), agreed to a consent order with the CFPB resolving the agency’s investigation with respect to certain student loan servicing practices. The CFPB’s investigation into these practices has been previously disclosed by the Company, initially in February 2014. The order required the Discover Subsidiaries to provide redress of approximately $16 million to consumers who may have been affected by the activities described in the order related to certain collection calls, overstatements of minimum payment due amounts in billing statements, and provision of interest paid information to consumers, and provide regulatory disclosures with respect to loans acquired in default. In addition, the Discover Subsidiaries were required to pay a $2.5 million civil money penalty to the CFPB. As required by the consent order, on October 19, 2015, the Discover Subsidiaries submitted to the CFPB a redress plan and a compliance plan designed to ensure that the Discover Subsidiaries provide redress and otherwise comply with the terms of the order. On March 8, 2016, a class action lawsuit was filed against the Company, other credit card networks, other issuing banks, and EMVCo in the U.S. District Court for the Northern District of California (B&R Supermarket, Inc., d/b/a Milam’s Market, et al. v. Visa, Inc. et al.) alleging violations of the Sherman Antitrust Act, California’s Cartwright Act, and unjust enrichment. Plaintiffs allege a conspiracy by defendants to shift fraud liability to merchants with the migration to the EMV security standard and chip technology. Plaintiffs assert joint and several liability among the defendants and seek unspecified damages, including treble damages, attorneys’ fees, costs and injunctive relief. On July 15, 2016, plaintiffs filed an amended complaint that includes additional named plaintiffs, reasserts the original claims, and includes additional state law causes of action. On September 30, 2016, the court granted the motions to dismiss for certain issuing banks and EMVCo but denied the motions to dismiss filed by the networks, including the Company. In May 2017, the Court entered an order transferring the entire action to a federal court in New York that is presiding over certain related claims that are pending in the actions consolidated as MDL 1720. On March 11, 2018, the Court entered an order denying the plaintiffs' motion for class certification without prejudice to filing a renewed motion. Plaintiffs filed a renewed motion for class certification on July 16, 2018. Plaintiffs filed their opening merits expert reports on October 5, 2018, and the parties anticipate that class briefing will be complete by spring of 2019. The Company is not in a position at this time to assess the likely outcome or its exposure, if any, with respect to this matter, but will seek to vigorously defend against all claims asserted by the plaintiffs .

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820, Fair Value Measurement , provides a three-level hierarchy for classifying financial instruments, which is based on whether the inputs to the valuation techniques used to measure the fair value of each financial instrument are observable or unobservable. It also requires certain disclosures about those measurements. The three-level valuation hierarchy is as follows: • Level 1 : Fair values determined by Level 1 inputs are defined as those that utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. • Level 2 : Fair values determined by Level 2 inputs are those that utilize inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active or inactive markets, quoted prices for the identical assets in an inactive market, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. The Company evaluates factors such as the frequency of transactions, the size of the bid-ask spread and the significance of adjustments made when considering transactions involving similar assets or liabilities to assess the relevance of those observed prices. If relevant and observable prices are available, the fair values of the related assets or liabilities would be classified as Level 2. • Level 3 : Fair values determined by Level 3 inputs are those based on unobservable inputs and include situations where there is little, if any, market activity for the asset or liability being valued. In instances in which the inputs used to measure fair value may fall into different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement in its entirety is classified is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company may utilize both observable and unobservable inputs in determining the fair values of financial instruments classified within the Level 3 category. The determination of classification of its financial instruments within the fair value hierarchy is performed at least quarterly by the Company. For transfers in and out of the levels of the fair value hierarchy, the Company discloses the fair value measurement based on the value immediately preceding the transfer. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and involves consideration of factors specific to the asset or liability. Furthermore, certain techniques used to measure fair value involve some degree of judgment and, as a result, are not necessarily indicative of the amounts the Company would realize in a current market exchange. Assets and Liabilities Measured at Fair Value on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis are as follows (dollars in millions): Quoted Price in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Balance at December 31, 2018 Assets Fair value - OCI U.S. Treasury securities $ 2,586 $ — $ — $ 2,586 Residential mortgage-backed securities - Agency — 547 — 547 Available-for-sale investment securities $ 2,586 $ 547 $ — $ 3,133 Derivative financial instruments - cash flow hedges (1) $ — $ 8 $ — $ 8 Fair value - Net income Derivative financial instruments - fair value hedges (1) $ — $ 5 $ — $ 5 Liabilities Fair value - OCI Derivative financial instruments - cash flow hedges (1) $ — $ 2 $ — $ 2 Balance at December 31, 2017 Assets Fair value - OCI U.S. Treasury securities $ 672 $ — $ — $ 672 Residential mortgage-backed securities - Agency — 723 — 723 Available-for-sale investment securities $ 672 $ 723 $ — $ 1,395 Derivative financial instruments - cash flow hedges (1) $ — $ 2 $ — $ 2 Fair value - Net income Derivative financial instruments - fair value hedges (1) $ — $ 4 $ — $ 4 Liabilities Fair value - OCI Derivative financial instruments - cash flow hedges (1) $ — $ 3 $ — $ 3 (1) Derivative instrument carrying values in an asset or liability position are presented as part of other assets or accrued expenses and other liabilities, respectively, in the Company's consolidated statements of financial condition. Fair value hedge derivative financial instruments in a liability position were immaterial at December 31, 2018 and 2017 . There were no transfers between Levels 1 and 2 within the fair value hierarchy for the years ended December 31, 2018 and 2017 . Available-for-Sale Investment Securities Investment securities classified as available-for-sale consist of U.S. Treasury securities and residential mortgage-backed securities. The fair value estimates of investment securities classified as Level 1, consisting of U.S. Treasury securities, are determined based on quoted market prices for the same securities. The Company classifies residential mortgage-backed securities as Level 2, the fair value estimates of which are based on the best information available. This data may consist of observed market prices, broker quotes or discounted cash flow models that incorporate assumptions such as benchmark yields, issuer spreads, prepayment speeds, credit ratings and losses, the priority of which may vary based on availability of information. The Company validates the fair value estimates provided by the pricing services primarily by comparison to valuations obtained through other pricing sources. The Company evaluates pricing variances amongst different pricing sources to ensure that the valuations utilized are reasonable. The Company also corroborates the reasonableness of the fair value estimates with analysis of trends of significant inputs, such as market interest rate curves. The Company further performs due diligence in understanding the procedures and techniques performed by the pricing services to derive fair value estimates. At December 31, 2018 , amounts reported in residential mortgage-backed securities reflect government-rated obligations issued by Fannie Mae, Freddie Mac and Ginnie Mae with a par value of $549 million , a weighted-average coupon of 2.81% and a weighted-average remaining maturity of three years . Derivative Financial Instruments The Company’s derivative financial instruments consist of interest rate swaps and foreign exchange forward contracts. These instruments are classified as Level 2 as their fair values are estimated using proprietary pricing models, containing certain assumptions based on readily observable market-based inputs, including interest rate curves, option volatility and foreign currency forward and spot rates. In determining fair values, the pricing models use widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity and the observable market-based inputs. The fair values of the interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments are based on an expectation of future interest rates derived from the observable market interest rate curves. The Company considers collateral and master netting agreements that mitigate credit exposure to counterparties in determining the counterparty credit risk valuation adjustment. The fair values of the currency instruments are valued comparing the contracted forward exchange rate pertaining to the specific contract maturities to the current market exchange rate. The Company validates the fair value estimates of interest rate swaps primarily through comparison to the fair value estimates computed by the counterparties to each of the derivative transactions. The Company evaluates pricing variances amongst different pricing sources to ensure that the valuations utilized are reasonable. The Company also corroborates the reasonableness of the fair value estimates with analysis of trends of significant inputs, such as market interest rate curves. The Company performs due diligence in understanding the impact to any changes to the valuation techniques performed by proprietary pricing models prior to implementation, working closely with the third-party valuation service, and reviews the control objectives of the service at least annually. The Company corroborates the fair value of foreign exchange forward contracts through independent calculation of the fair value estimates. Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis The Company also has assets that under certain conditions are subject to measurement at fair value on a non-recurring basis. These assets include those associated with acquired businesses, including goodwill and other intangible assets. For these assets, measurement at fair value in periods subsequent to the initial recognition of the assets is applicable if one or more of the assets is determined to be impaired. During the years ended December 31, 2018 and 2017 , the Company had no material impairments related to these assets. Financial Instruments Measured at Other Than Fair Value The following tables disclose the estimated fair value of the Company’s financial assets and financial liabilities that are not required to be carried at fair value (dollars in millions): Balance at December 31, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Carrying Value Assets Amortized cost Residential mortgage-backed securities - Agency $ — $ 233 $ — $ 233 $ 237 Held-to-maturity investment securities $ — $ 233 $ — $ 233 $ 237 Net loan receivables $ — $ — $ 90,787 $ 90,787 $ 87,471 Carrying value approximates fair value (1) Cash and cash equivalents $ 13,299 $ — $ — $ 13,299 $ 13,299 Restricted cash $ 1,846 $ — $ — $ 1,846 $ 1,846 Accrued interest receivables (2) $ — $ 951 $ — $ 951 $ 951 Liabilities Amortized cost Time deposits (3) $ — $ 34,635 $ — $ 34,635 $ 34,788 Long-term borrowings - owed to securitization investors $ — $ 16,701 $ 217 $ 16,918 $ 16,917 Other long-term borrowings — 10,325 — 10,325 10,311 Long-term borrowings $ — $ 27,026 $ 217 $ 27,243 $ 27,228 Carrying value approximates fair value (1) Accrued interest payables (2) $ — $ 292 $ — $ 292 $ 292 (1) The carrying values of these assets and liabilities approximate fair value due to the nature of their liquidity (i.e., due or payable in less than one year). (2) Accrued interest receivable and payable carrying values are presented as part of other assets or accrued expenses and other liabilities, respectively, in the Company’s consolidated statements of financial condition. (3) Excludes deposits without contractually defined maturities for all periods presented. The following tables disclose the estimated fair value of the Company’s financial assets and financial liabilities that are not required to be carried at fair value (dollars in millions): Balance at December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Carrying Value Assets Amortized cost States and political subdivisions of states $ — $ 1 $ — $ 1 $ 1 Residential mortgage-backed securities - Agency — 172 — 172 172 Held-to-maturity investment securities $ — $ 173 $ — $ 173 $ 173 Net loan receivables $ — $ — $ 85,108 $ 85,108 $ 81,627 Carrying value approximates fair value (1) Cash and cash equivalents $ 13,306 $ — $ — $ 13,306 $ 13,306 Restricted cash $ 81 $ — $ — $ 81 $ 81 Accrued interest receivables (2) $ — $ 818 $ — $ 818 $ 818 Liabilities Amortized cost Time deposits (3) $ — $ 29,848 $ — $ 29,848 $ 29,752 Long-term borrowings - owed to securitization investors $ — $ 15,851 $ 640 $ 16,491 $ 16,536 Other long-term borrowings — 10,293 — 10,293 9,790 Long-term borrowings $ — $ 26,144 $ 640 $ 26,784 $ 26,326 Carrying value approximates fair value (1) Accrued interest payables (2) $ — $ 214 $ — $ 214 $ 214 (1) The carrying values of these assets and liabilities approximate fair value due to the nature of their liquidity (i.e., due or payable in less than one year). (2) Accrued interest receivable and payable carrying values are presented as part of other assets or accrued expenses and other liabilities, respectively, in the Company's consolidated statements of financial condition. (3) Excludes deposits without contractually defined maturities for all periods presented.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	12 Months Ended
Derivatives and Hedging Activities	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities The Company uses derivatives to manage its exposure to various financial risks. The Company does not enter into derivatives for trading or speculative purposes. Certain derivatives used to manage the Company’s exposure to foreign currency are not designated as hedges and do not qualify for hedge accounting. Derivatives may give rise to counterparty credit risk, which generally is addressed through collateral arrangements as described under the sub-heading “— Collateral Requirements and Credit-Risk Related Contingency Features.” The Company enters into derivative transactions with established dealers that meet minimum credit criteria established by the Company. All counterparties must be pre-approved prior to engaging in any transaction with the Company. Counterparties are monitored on a regular basis by the Company to ensure compliance with the Company’s risk policies and limits. In determining the counterparty credit risk valuation adjustment for the fair values of derivatives, the Company considers collateral and legally enforceable master netting agreements that mitigate credit exposure to related counterparties. All derivatives are recorded in other assets at their gross positive fair values and in accrued expenses and other liabilities at their gross negative fair values. See Note 20: Fair Value Measurements for a description of the valuation methodologies of derivatives. Cash collateral amounts associated with derivative positions that are cleared through an exchange are legally characterized as settlement of the derivative positions. Such collateral amounts are reflected as offsets to the associated derivatives balances recorded in other assets or in accrued expenses and other liabilities. Other cash collateral posted and held balances are recorded in other assets and deposits, respectively, in the consolidated statements of financial condition. Collateral amounts recorded in the consolidated statements of financial condition are based on the net collateral posted or held position for each applicable legal entity’s master netting arrangement with each counterparty. Derivatives Designated as Hedges Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows arising from changes in interest rates, or other types of forecasted transactions, are considered cash flow hedges. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Cash Flow Hedges The Company uses interest rate swaps to manage its exposure to changes in interest rates related to future cash flows resulting from interest payments on credit card securitized debt and deposits. The Company’s outstanding cash flow hedges are for an initial maximum period of seven years for securitized debt and deposits. The derivatives are designated as hedges of the risk of changes in cash flows on the Company’s LIBOR or Federal Funds rate-based interest payments, and qualify for hedge accounting in accordance with ASC Topic 815, Derivatives and Hedging (“ASC 815”). The change in the fair value of derivatives designated as cash flow hedges is recorded in OCI and is subsequently reclassified into earnings in the period that the hedged forecasted cash flows affect earnings. Amounts reported in AOCI related to derivatives at December 31, 2018 will be reclassified to interest expense as interest payments are accrued on certain of the Company’s floating-rate securitized debt and deposits. During the next 12 months, the Company estimates it will reclassify $10 million of pretax benefit to interest expense related to its derivatives designated as cash flow hedges. Fair Value Hedges The Company is exposed to changes in fair value of certain of its fixed-rate debt obligations due to changes in interest rates. The Company uses interest rate swaps to manage its exposure to changes in fair value of certain fixed-rate long-term borrowings, including securitized debt and bank or other senior notes, and deposits attributable to changes in LIBOR, a benchmark interest rate as defined by ASC 815. These interest rate swaps qualify as fair value hedges in accordance with ASC 815. Changes in both (i) the fair values of the derivatives and (ii) the hedged long-term borrowings and deposits relating to the risk being hedged are recorded in interest expense. The changes generally provide substantial offset to one another, with any difference in interest expense. Derivatives Not Designated as Hedges Foreign Exchange Forward Contracts The Company has foreign exchange forward contracts that are economic hedges and are not designated as accounting hedges. The Company enters into foreign exchange forward contracts to manage foreign currency risk. Changes in the fair value of these contracts are recorded in other income. Derivatives Cleared Through an Exchange The legal characterization of cash variation margin payments on derivatives cleared through an exchange are legally considered settlement payments and are accounted for with corresponding derivative positions as one unit of account and not separately as collateral. With settlement payments on derivative positions cleared through this exchange reflected as offsets to the associated derivative asset and liability balances, the fair values of derivative instruments and collateral balances shown are generally reduced. Derivatives Activity The following table summarizes the fair value (including accrued interest) and outstanding notional amounts of derivative instruments and related collateral balances (dollars in millions): December 31, 2018 December 31, 2017 Notional Amount Number of Outstanding Derivative Contracts Derivative Assets Derivative Liabilities Notional Amount Derivative Assets Derivative Liabilities Derivatives designated as hedges Interest rate swaps—cash flow hedge $ 2,450 5 $ 8 $ 2 $ 3,800 $ 2 $ 3 Interest rate swaps—fair value hedge $ 8,000 10 5 — $ 7,333 4 — Derivatives not designated as hedges Foreign exchange forward contracts (1) $ 33 7 — — $ 23 — — Total gross derivative assets/liabilities (2) 13 2 6 3 Less: collateral held/posted (3) (8 ) (2 ) (1 ) (3 ) Total net derivative assets/liabilities $ 5 $ — $ 5 $ — (1) The foreign exchange forward contracts have notional amounts of EUR 9 million , GBP 12 million , SGD 1 million and INR 464 million as of December 31, 2018 and notional amounts of EUR 7 million , GBP 5 million , SGD 1 million and INR 464 million as of December 31, 2017 . (2) In addition to the derivatives disclosed in the table, the Company enters into forward contracts to purchase when-issued mortgage-backed securities as part of its community reinvestment initiatives. At December 31, 2018 , the Company had one outstanding contract with a notional amount of $79 million and immaterial fair value. At December 31, 2017 , the Company had one outstanding contract with a notional amount of $54 million and immaterial fair value. (3) Collateral amounts, which consist of both cash and investment securities, are limited to the related derivative asset/liability balance and do not include excess collateral received/pledged. The following amounts were recorded on the statements of financial condition related to cumulative basis adjustment for fair value hedges (dollars in millions): December 31, 2018 Carrying Amount of Hedged Assets/Liabilities Cumulative Amount of Fair Value Hedging Adjustment Increasing (Decreasing) the Carrying Amount of Hedged Assets/Liabilities Long-term borrowings $ 7,893 $ (91 ) The following table summarizes the impact of the derivative instruments on income and indicates where within the consolidated financial statements such impact is reported (dollars in millions): Location and Amount of (Losses) Gains Recognized in Income Interest (Expense) Deposits Long-Term Borrowings Other Income For the Year Ended December 31, 2018 Total amounts of income and expense line items presented in the statements of income in which the effects of fair value or cash flow hedges are recorded $ (1,238 ) $ (901 ) $ 97 The effects of cash flow and fair value hedging Gains on cash flow hedging relationship Amounts reclassified from OCI into earnings $ — $ 6 $ — Gains (losses) on fair value hedging relationship Gains (losses) on hedged items $ — $ (18 ) $ — Gains (losses) on interest rate swaps — (23 ) — Total gains (losses) on fair value hedges $ — $ (41 ) $ — The effects of derivatives not designated in hedging relationships Gains on derivatives not designated as hedges $ — $ — $ 1 For the Year Ended December 31, 2017 Total amounts of income and expense line items presented in the statements of income in which the effects of fair value or cash flow hedges are recorded $ (846 ) $ (802 ) $ 92 The effects of cash flow and fair value hedging (Losses) gains on cash flow hedging relationship Amounts reclassified from OCI into earnings $ (8 ) $ (7 ) $ — Gains (losses) on fair value hedging relationship Gains on hedged items $ — $ 37 $ — (Losses) gains on interest rate swaps (1 ) (28 ) — Total (losses) gains on fair value hedges $ (1 ) $ 9 $ — The effects of derivatives not designated in hedging relationships Gains (losses) on derivatives not designated as hedges $ — $ — $ (2 ) The following table summarizes the impact of the derivative instruments on income and indicates where within the consolidated financial statements such impact is reported (dollars in millions): Location and Amount of (Losses) Gains Recognized in Income Interest (Expense) Deposits Long-Term Borrowings Other Income For the Year Ended December 31, 2016 Total amounts of income and expense line items presented in the statements of income in which the effects of fair value or cash flow hedges are recorded $ (687 ) $ (711 ) $ 89 The effects of cash flow and fair value hedging (Losses) gains on cash flow hedging relationship Amounts reclassified from OCI into earnings $ (13 ) $ (22 ) $ — Gains (losses) on fair value hedging relationship Gains on hedged items $ 3 $ 75 $ — Gains (losses) on interest rate swaps 5 (50 ) — Total gains on fair value hedges $ 8 $ 25 $ — The effects of derivatives not designated in hedging relationships Gains on derivatives not designated as hedges $ — $ — $ 1 For the impact of the derivative instruments on OCI, see Note 13: Accumulated Other Comprehensive Income. Collateral Requirements and Credit-Risk Related Contingency Features The Company has master netting arrangements and minimum collateral posting thresholds with its counterparties for its fair value and cash flow hedge interest rate swaps and foreign exchange forward contracts. The Company has not sought a legal opinion in relation to the enforceability of its master netting arrangements and, as such, does not report any of these positions on a net basis. Collateral is required by either the Company or its subsidiaries or the counterparty depending on the net fair value position of these derivatives held with that counterparty. The Company may also be required to post collateral with a counterparty for its fair value and cash flow hedge interest rate swaps depending on the credit rating it or Discover Bank receives from specified major credit rating agencies. Collateral receivable or payable amounts are generally not offset against the fair value of these derivatives, but are recorded separately in other assets or deposits. However, certain cash collateral amounts related to positions cleared through an exchange are reflected as offsets to the associated derivatives balances recorded in other assets and accrued expenses and other liabilities. At December 31, 2018 , Discover Bank’s credit rating met specified thresholds set by its counterparties. However, if its credit rating is reduced below investment grade, Discover Bank would be required to post additional collateral. The amount of additional collateral as of December 31, 2018 would have been $20 million . DFS (Parent Company) had no outstanding derivatives as of December 31, 2018 , and therefore, no collateral was required. The Company also has agreements with certain of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations.

Segment Disclosures

Segment Disclosures	12 Months Ended
Segment Disclosures	Dec. 31, 2018
Segment Reporting [Abstract]
Segment Disclosures	Segment Disclosures The Company’s business activities are managed in two segments: Direct Banking and Payment Services. • Direct Banking: The Direct Banking segment includes Discover-branded credit cards issued to individuals on the Discover Network and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending and deposit products. The majority of Direct Banking revenues relate to interest income earned on the segment’s loan products. Additionally, the Company’s credit card products generate substantially all revenues related to discount and interchange, protection products and loan fee income. • Payment Services: The Payment Services segment includes PULSE, an automated teller machine, debit and electronic funds transfer network; Diners Club, a global payments network; and the Company’s Network Partners business, which provides payment transaction processing and settlement services on the Discover Network. The majority of Payment Services revenues relate to transaction processing revenue from PULSE and royalty and licensee revenue from Diners Club. The business segment reporting provided to and used by the Company’s chief operating decision maker is prepared using the following principles and allocation conventions: • The Company aggregates operating segments when determining reportable segments. • Corporate overhead is not allocated between segments; all corporate overhead is included in the Direct Banking segment. • Through its operation of the Discover Network, the Direct Banking segment incurs fixed marketing, servicing and infrastructure costs that are not specifically allocated among the segments, with the exception of an allocation of direct and incremental costs driven by the Company’s Payment Services segment. • The assets of the Company are not allocated among the operating segments in the information reviewed by the Company’s chief operating decision maker. • The revenues of each segment are derived from external sources. The segments do not earn revenue from intercompany sources. • Income taxes are not specifically allocated between the operating segments in the information reviewed by the Company’s chief operating decision maker. The following table presents segment data (dollars in millions): Direct Banking Payment Services Total For the Year Ended December 31, 2018 Interest income Credit card loans $ 8,835 $ — $ 8,835 Private student loans 614 — 614 PCI student loans 139 — 139 Personal loans 935 — 935 Other 369 1 370 Total interest income 10,892 1 10,893 Interest expense 2,139 — 2,139 Net interest income 8,753 1 8,754 Provision for loan losses 3,035 — 3,035 Other income 1,645 310 1,955 Other expense 3,918 159 4,077 Income before income tax expense $ 3,445 $ 152 $ 3,597 For the Year Ended December 31, 2017 Interest income Credit card loans $ 7,907 $ — $ 7,907 Private student loans 523 — 523 PCI student loans 159 — 159 Personal loans 860 — 860 Other 199 — 199 Total interest income 9,648 — 9,648 Interest expense 1,648 — 1,648 Net interest income 8,000 — 8,000 Provision for loan losses 2,586 (7 ) 2,579 Other income 1,607 290 1,897 Other expense 3,629 152 3,781 Income before income tax expense $ 3,392 $ 145 $ 3,537 The following table presents segment data (dollars in millions): Direct Banking Payment Services Total For the Year Ended December 31, 2016 Interest income Credit card loans $ 7,155 $ — $ 7,155 Private student loans 444 — 444 PCI student loans 185 — 185 Personal loans 719 — 719 Other 113 — 113 Total interest income 8,616 — 8,616 Interest expense 1,398 — 1,398 Net interest income 7,218 — 7,218 Provision for loan losses 1,858 1 1,859 Other income 1,611 270 1,881 Other expense 3,422 162 3,584 Income before income tax expense $ 3,549 $ 107 $ 3,656

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
Revenue from Contracts with Customers	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”), generally applies to the sales of any good or service for which no other specific accounting guidance is provided. ASC 606 defines a principles-based model under which revenue from a contract is allocated to the distinct performance obligations within the contract and recognized in income as each performance obligation is satisfied. The Company’s revenue that is subject to this model includes discount and interchange, protection products fees, transaction processing revenue, and amounts classified as other income. The following table presents revenue from contracts with customers disaggregated by business segment and reconciles revenue from contracts with customers to total other income (dollars in millions): Direct Banking Payment Services Total For the Year Ended December 31, 2018 Other income subject to ASC 606 Discount and interchange revenue, net (1) $ 1,022 $ 52 $ 1,074 Protection products revenue 204 — 204 Transaction processing revenue — 178 178 Other income 17 80 97 Total other income subject to ASC 606 (2) 1,243 310 1,553 Other income not subject to ASC 606 Loan fee income 402 — 402 Total other income not subject to ASC 606 402 — 402 Total other income by operating segment $ 1,645 $ 310 $ 1,955 For the Year Ended December 31, 2017 Other income subject to ASC 606 Discount and interchange revenue, net (1) $ 1,009 $ 43 $ 1,052 Protection products revenue 223 — 223 Transaction processing revenue — 167 167 Other income 9 80 89 Total other income subject to ASC 606 (2) 1,241 290 1,531 Other income not subject to ASC 606 Loan fee income 363 — 363 Other income 3 — 3 Total other income not subject to ASC 606 366 — 366 Total other income by operating segment $ 1,607 $ 290 $ 1,897 For the Year Ended December 31, 2016 Other income subject to ASC 606 Discount and interchange revenue, net (1) $ 1,018 $ 37 $ 1,055 Protection products revenue 239 — 239 Transaction processing revenue — 155 155 Other income 11 78 89 Total other income subject to ASC 606 (2) 1,268 270 1,538 Other income not subject to ASC 606 Loan fee income 343 — 343 Total other income not subject to ASC 606 343 — 343 Total other income by operating segment $ 1,611 $ 270 $ 1,881 (1) Net of rewards, including Cashback Bonus rewards, of $1.8 billion , $1.6 billion and $1.4 billion for the years ended December 31, 2018, 2017 and 2016 , respectively. (2) Excludes $3 million , $2 million and $2 million deposit product fees that are reported within net interest income for the years ended December 31, 2018, 2017 and 2016 , respectively. For a detailed description of the Company’s significant revenue recognition accounting policies, see Note 2: Summary of Significant Accounting Policies.

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In the ordinary course of business, the Company offers consumer financial products to its directors, executive officers and certain members of their families. These products are offered on substantially the same terms as those prevailing at the time for comparable transactions with unrelated parties, and these receivables are included in the loan receivables in the Company’s consolidated statements of financial condition. They were not material to the Company’s financial position or results of operations.

Parent Company Condensed Financ

Parent Company Condensed Financial Information	12 Months Ended
Parent Company Condensed Financial Information	Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]
Parent Company Condensed Financial Information	Parent Company Condensed Financial Information The following Parent Company financial statements are provided in accordance with SEC rules, which require such disclosure when the restricted net assets of consolidated subsidiaries exceed 25% of consolidated net assets. Discover Financial Services (Parent Company Only) Condensed Statements of Financial Condition December 31, 2018 2017 (dollars in millions) Assets Cash and cash equivalents (1) $ 1,586 $ 2,043 Restricted cash 20 4 Notes receivable from subsidiaries (2) 821 759 Investments in bank subsidiaries 10,891 10,560 Investments in non-bank subsidiaries 752 1,048 Other assets 676 254 Total assets $ 14,746 $ 14,668 Liabilities and Stockholders’ Equity Non-interest bearing deposit accounts $ 4 $ 2 Short-term borrowings from subsidiaries 240 351 Long-term borrowings 3,089 3,012 Accrued expenses and other liabilities 283 411 Total liabilities 3,616 3,776 Stockholders’ equity 11,130 10,892 Total liabilities and stockholders’ equity $ 14,746 $ 14,668 (1) The Parent Company had $1.4 billion and $2.0 billion in a money market deposit account at Discover Bank as of December 31, 2018 and 2017 , respectively, which is included in cash and cash equivalents. These funds are available to the Parent for liquidity purposes. (2) The Parent Company advanced $500 million to Discover Bank as of December 31, 2018 and 2017 , which is included in notes receivable from subsidiaries. These funds are available to the Parent for liquidity purposes. Discover Financial Services (Parent Company Only) Condensed Statements of Income For the Years Ended December 31, 2018 2017 2016 (dollars in millions) Interest income $ 67 $ 55 $ 39 Interest expense 189 178 139 Net interest expense (122 ) (123 ) (100 ) Dividends from bank subsidiaries 2,375 1,895 1,800 Dividends from non-bank subsidiaries 450 15 269 Total income 2,703 1,787 1,969 Other expense — — 1 Income before income tax benefit and equity in undistributed net income of subsidiaries 2,703 1,787 1,968 Income tax benefit 33 40 40 Equity in undistributed net income of subsidiaries 6 272 385 Net income 2,742 2,099 2,393 OCI, net 25 9 (1 ) Comprehensive income $ 2,767 $ 2,108 $ 2,392 Discover Financial Services (Parent Company Only) Condensed Statements of Cash Flows For the Years Ended December 31, 2018 2017 2016 (dollars in millions) Cash flows from operating activities Net income $ 2,742 $ 2,099 $ 2,393 Adjustments to reconcile net income to net cash provided by operating activities Equity in undistributed net income of subsidiaries (6 ) (272 ) (385 ) Stock-based compensation expense 81 75 64 Deferred income taxes (5 ) 1 (9 ) Depreciation and amortization 34 31 27 Changes in assets and liabilities (Increase) decrease in other assets (416 ) (54 ) 10 (Decrease) increase in other liabilities and accrued expenses (129 ) 43 52 Net cash provided by operating activities 2,301 1,923 2,152 Cash flows from investing activities (Increase) decrease in investment in subsidiaries (3 ) — (1 ) Increase in loans to subsidiaries (62 ) (8 ) (15 ) Net cash used for investing activities (65 ) (8 ) (16 ) Cash flows from financing activities Net (decrease) increase in short-term borrowings from subsidiaries (110 ) 130 (93 ) Proceeds from issuance of common stock 6 5 7 Proceeds from issuance of long-term borrowings 49 1,127 130 Maturities and repayment of long-term borrowings (6 ) (404 ) — Purchases of treasury stock (2,065 ) (2,081 ) (1,908 ) Net increase (decrease) in deposits 1 (11 ) 10 Proceeds from issuance of preferred stock — 563 — Payments on redemption of preferred stock — (575 ) — Dividends paid on common and preferred stock (552 ) (527 ) (514 ) Net cash used for financing activities (2,677 ) (1,773 ) (2,368 ) (Decrease) increase in cash, cash equivalents and restricted cash (441 ) 142 (232 ) Cash, cash equivalents and restricted cash, at beginning of period 2,047 1,905 2,137 Cash, cash equivalents and restricted cash, at end of period $ 1,606 $ 2,047 $ 1,905 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 1,586 $ 2,043 $ 1,901 Restricted cash 20 4 4 Cash, cash equivalents and restricted cash, at end of period $ 1,606 $ 2,047 $ 1,905 Supplemental disclosure of cash flow information Cash paid during the period for Interest expense $ 156 $ 132 $ 112 Income taxes, net of income tax refunds $ (22 ) $ (27 ) $ 23

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated events and transactions that have occurred subsequent to December 31, 2018 and determined that there were no subsequent events that would require recognition or disclosure in the consolidated financial statements.

Quarterly Results

Quarterly Results	12 Months Ended
Quarterly Results	Dec. 31, 2018
Quarterly Financial Data [Abstract]
Quarterly Results	Quarterly Results The following table provides unaudited quarterly results (dollars in millions, except per share data): December 31, 2018 September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 September 30, 2017 June 30, 2017 March 31, 2017 Interest income $ 2,907 $ 2,781 $ 2,636 $ 2,569 $ 2,556 $ 2,476 $ 2,338 $ 2,278 Interest expense 605 558 507 469 436 426 400 386 Net interest income 2,302 2,223 2,129 2,100 2,120 2,050 1,938 1,892 Provision for loan losses 800 742 742 751 679 674 640 586 Other income 505 501 474 475 494 475 481 447 Other expense 1,110 1,015 984 968 1,036 948 912 885 Income before income tax expense 897 967 877 856 899 903 867 868 Income tax expense 210 247 208 190 512 301 321 304 Net income $ 687 $ 720 $ 669 $ 666 $ 387 $ 602 $ 546 $ 564 Net income allocated to common stockholders (1) $ 681 $ 699 $ 663 $ 646 $ 359 $ 589 $ 532 $ 551 Basic earnings per common share (1) $ 2.04 $ 2.05 $ 1.91 $ 1.82 $ 0.99 $ 1.59 $ 1.41 $ 1.43 Diluted earnings per common share (1) $ 2.03 $ 2.05 $ 1.91 $ 1.82 $ 0.99 $ 1.59 $ 1.40 $ 1.43 (1) Because the inputs to net income allocated to common stockholders and earnings per share are calculated using weighted averages for the quarter, the sum of all four quarters may differ from the year to date amounts in the consolidated statements of income.

Background and Basis of Prese_2

Background and Basis of Presentation (Policies)	12 Months Ended
Background and Basis of Presentation (Policies)	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”).
Use of Estimates	The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. The Company believes that the estimates used in the preparation of the consolidated financial statements are reasonable. Actual results could differ from these estimates.
Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. The Company’s policy is to consolidate all entities in which it owns more than 50% of the outstanding voting stock unless it does not control the entity. However, the Company did not have a controlling voting interest in any entity other than its wholly-owned subsidiaries in the periods presented in the accompanying consolidated financial statements. It is also the Company’s policy to consolidate any VIE for which the Company is the primary beneficiary, as defined by GAAP. On this basis, the Company consolidates the Discover Card Master Trust I (“DCMT”) and the Discover Card Execution Note Trust (“DCENT”) as well as two student loan securitization trusts. The Company is deemed to be the primary beneficiary of each of these trusts since it is, for each, the trust servicer and the holder of both the residual interest and the majority of the most subordinated interests. Because of those involvements, the Company has, for each trust, (i) the power to direct the activities that most significantly impact the economic performance of the trust, and (ii) the obligation (or right) to absorb losses (or receive benefits) of the trust that could potentially be significant. The Company has determined that it was not the primary beneficiary of any other VIE during the years ended December 31, 2018, 2017 and 2016 . For investments in any entities in which the Company owns 50% or less of the outstanding voting stock but in which the Company has significant influence over operating and financial decisions, the Company applies the equity method of accounting. The Company also applies the equity method to its investments in qualified affordable housing projects and similar tax credit partnerships. In cases where the Company’s equity investment is less than 20% and significant influence does not exist, such investments are carried at cost, adjusted for any impairment in value.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents is defined by the Company as cash on deposit with banks, including time deposits and other highly liquid investments, with maturities of 90 days or less when purchased. Cash and cash equivalents included $728 million and $1.3 billion of cash and due from banks and $12.6 billion and $12.0 billion of interest-earning deposits at other banks at December 31, 2018 and 2017 , respectively.
Restricted Cash	Restricted Cash Restricted cash includes cash for which the Company’s ability to withdraw funds at any time is contractually limited. Restricted cash is generally designated for specific purposes arising out of certain contractual or other obligations.
Investment Securities	Investment Securities At December 31, 2018 , investment securities consisted of U.S. Treasury obligations and mortgage-backed securities issued by government agencies. Investment securities that the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity and are reported at amortized cost. All other investment securities are classified as available-for-sale, as the Company does not hold investment securities for trading purposes. Available-for-sale investment securities are reported at fair value with unrealized gains and losses, net of tax, reported as a component of AOCI included in stockholders’ equity. The Company estimates the fair value of available-for-sale investment securities as more fully discussed in Note 20: Fair Value Measurements. The amortized cost for each held-to-maturity and available-for-sale investment security is adjusted for amortization of premiums or accretion of discounts, as appropriate. Such amortization or accretion is included in interest income. The Company evaluates its unrealized loss positions for other-than-temporary impairment in accordance with GAAP applicable for investments in debt securities. Realized gains and losses and the credit loss portion of other-than-temporary impairments related to investment securities are determined at the individual security level and are reported in other income.
Loan Receivables	Loan Receivables Loan receivables consist of credit card receivables, other loans and PCI loans. Loan receivables also include unamortized net deferred loan origination fees and costs (also see “— Significant Revenue Recognition Accounting Policies — Loan Interest and Fee Income”). Credit card loan receivables are reported at their principal amounts outstanding and include uncollected billed interest and fees and are reduced for unearned revenue related to balance transfer fees (also see “— Significant Revenue Recognition Accounting Policies — Loan Interest and Fee Income”). Other loans consist of student loans, personal loans and other loans and are reported at their principal amounts outstanding. For student loans, principal amounts outstanding also include accrued interest that has been capitalized. The Company’s loan receivables are deemed to be held for investment at origination or acquisition because management has the intent and ability to hold them for the foreseeable future. Cash flows associated with loans originated or acquired for investment are classified as cash flows from investing activities, regardless of a subsequent change in intent. Purchased Credit-Impaired Loans PCI loans are loans acquired at prices that reflected a discount related to deterioration in individual loan credit quality since origination. The Company’s PCI loans are comprised entirely of acquired private student loans. The PCI student loans were aggregated into pools based on common risk characteristics at the time of their acquisition. Loans were grouped primarily on the basis of origination date as loans originated in a particular year generally reflect the application of common origination strategies and/or underwriting criteria. Each pool is accounted for as a single asset and each has a single composite interest rate, total contractual cash flows and total expected cash flows. Interest income on PCI loans is recognized on the basis of expected cash flows rather than contractual cash flows. The total amount of interest income recognizable on a pool of PCI loans (i.e., its accretable yield) is the difference between the carrying amount of the loan pool and the future cash flows expected to be collected without regard to whether the expected cash flows represent principal or interest collections. Interest is recognized on an effective yield basis over the life of the loan pool. The initial estimates of the fair value of the PCI student loans included the impact of expected credit losses, and therefore, no allowance for loan losses was recorded as of the purchase dates. The difference between contractually required cash flows and cash flows expected to be collected, as measured at the acquisition dates, is not permitted to be accreted. Charge-offs are absorbed by this non-accretable difference and do not result in a charge to earnings. However, as noted below, a charge to provision expense may be necessary to the extent that expected credit losses increase after the acquisition date. The estimate of cash flows expected to be collected is evaluated each reporting period to ensure it reflects management’s latest expectations of future credit losses and borrower prepayments, and interest rates in effect in the current period. To the extent expected credit losses increase after the acquisition dates, the Company will record an allowance for loan losses through the provision for loan losses, which will reduce net income. Changes in expected cash flows related to changes in prepayments or interest rate indices for variable rate loans generally are recorded prospectively as adjustments to interest income. To the extent that a significant increase in cash flows due to lower expected losses is deemed probable, the Company will first reverse any previously established allowance for loan losses and then increase the amount of remaining accretable yield. The increase to yield would be recognized prospectively over the remaining life of the loan pool. An increase in the accretable yield would reduce the remaining non-accretable difference available to absorb subsequent charge-offs. Disposals of loans, which may include sales of loans or receipt of payments in full from the borrower or charge-offs, result in removal of the loans from their respective pools.
Delinquent Loans and Charge-Offs	Delinquent Loans and Charge-Offs The entire balance of an account is contractually past due if the minimum payment is not received by the specified date on the customer’s billing statement. Delinquency is reported on loans that are 30 days or more past due. Credit card loans are charged off at the end of the month during which an account becomes 180 days past due. Closed-end consumer loan receivables are charged off at the end of the month during which an account becomes 120 days contractually past due. Customer bankruptcies and probate accounts are charged off at the end of the month 60 days following the receipt of notification of the bankruptcy or death, but not later than the 180-day or 120-day time frame described above. Receivables associated with alleged or potential fraudulent transactions are adjusted to their net realizable value upon receipt of notification of such fraud through a charge to other expense and are subsequently written off at the end of the month 90 days following notification, but not later than the contractual 180-day or 120-day time frame described above. The Company’s charge-off policies are designed to comply with guidelines established by the Federal Financial Institutions Examination Council (“FFIEC”). The Company’s net charge-offs include the principal amount of loans charged off less principal recoveries and exclude charged-off interest and fees, recoveries of interest and fees and fraud losses. The practice of re-aging an account also may affect loan delinquencies and charge-offs. A re-age is intended to assist delinquent customers who have experienced financial difficulties but who demonstrate both an ability and willingness to repay. Accounts meeting specific criteria are re-aged when the Company and the customer agree on a temporary repayment schedule that may include concessionary terms. With re-aging, the outstanding balance of a delinquent account is returned to a current status. Customers may also qualify for a workout re-age when either a longer term or permanent hardship exists. The Company’s re-age practices are designed to comply with FFIEC guidelines.
Allowance for Loan Losses	Allowance for Loan Losses The Company maintains an allowance for loan losses at a level that is appropriate to absorb probable losses inherent in the loan portfolio. The estimate of probable incurred losses considers uncollectible principal, interest and fees associated with the Company’s loan receivables. The allowance is evaluated quarterly for appropriateness and is maintained through an adjustment to the provision for loan losses. Charge-offs of principal amounts of loans outstanding are deducted from the allowance and subsequent recoveries of such amounts increase the allowance. Charge-offs of loan balances representing unpaid interest and fees result in a reversal of interest and fee income, respectively, which is effectively a reclassification of provision of loan losses (also see “— Significant Revenue Recognition Accounting Policies — Loan Interest and Fee Income”). The Company calculates its allowance for loan losses by estimating probable losses separately for classes of the loan portfolio with similar loan characteristics, which generally results in segmenting the portfolio by loan product type. The Company bases its allowance for loan losses on several analyses that help estimate incurred losses as of the balance sheet date. While the Company’s estimation process includes historical data and analysis, there is a significant amount of judgment applied in selecting inputs and analyzing the results produced by the models to determine the allowance. For substantially all of its loan receivables, the Company uses a migration analysis to estimate the likelihood that a loan will progress through the various stages of delinquency. The Company uses other analyses to estimate losses incurred on non-delinquent and bankrupt accounts. The considerations in these analyses include past and current loan performance, loan growth and seasoning, current risk management practices, account collection strategies, economic conditions, bankruptcy filings, policy changes and forecasting uncertain ties. Consideration of past and current loan performance includes the post-modification performance of loans modified in a troubled debt restructuring. F or the majority of its portfolio, the Company estimates its allowance for loan losses on a pooled basis, which includes loans that are delinquent and/or no longer accruing interest and/or certain loans that have defaulted from a loan modification program. As part of certain collection strategies, the Company may modify the terms of loans to customers experiencing financial hardship. Temporary and permanent modifications on credit card and personal loans, as well as temporary modifications on student loans and certain grants of student loan forbearance are accounted for as troubled debt restructurings. The Company considers a modified loan in which a concession has been granted to the borrower to be a troubled debt restructuring based on the cumulative length of the concession period and credit quality of the borrower. Loan receivables, other than PCI loans, that have been modified under a troubled debt restructuring are evaluated separately from the pools of receivables that are subject to the collective analyses described above. Loan receivables modified in a troubled debt restructuring are recorded at their present values with impairment measured as the difference between the recorded investment in the loan and the discounted present value of cash flows expected to be collected. Consistent with the Company’s measurement of impairment of modified loans on a pooled basis, the discount rate used for credit card loans in internal programs is the average current annual percentage rate applied to non-impaired credit card loans, which approximates what would have applied to the pool of modified loans prior to modification. The discount rate used for credit card loans in external programs reflects a rate that is consistent with rates offered to cardmembers not in a program that have similar risk characteristics. For student and personal loans, the discount rate used is the average contractual rate prior to modification. Changes in the present value are recorded in the provision for loan losses. All of the Company’s troubled debt restructurings, which are evaluated collectively on an aggregated (by loan type) basis, have a related allowance for loan losses.
Premises and Equipment, net	Premises and Equipment, net Premises and equipment, net, are stated at cost less accumulated depreciation and amortization, which is computed using the straight-line method over the estimated useful lives of the assets. Buildings are depreciated over a period of 39 years . The costs of improvements are capitalized and depreciated either over the asset’s estimated useful life, typically ten to fifteen years , or over the remaining term of the lease, when applicable. Furniture and fixtures are depreciated over a period of five to ten years . Equipment is depreciated over three to ten years . Maintenance and repairs are immediately expensed, while the costs of improvements are capitalized. Purchased software and capitalized costs related to internally developed software are amortized over their useful lives of three to ten years . Costs incurred during the application development stage related to internally developed software are capitalized. Costs are expensed as incurred during the preliminary project stage and post implementation stage. Once the capitalization criteria as defined in GAAP have been met, external direct costs incurred for materials and services used in developing or obtaining internal-use computer software and payroll and payroll-related costs for employees who are directly associated with the internal-use computer software project (to the extent those employees devoted time directly to the project) are capitalized. Amortization of capitalized costs begins when the software is ready for its intended use. Capitalized software is included in premises and equipment, net in the Company’s consolidated statements of financial condition. See Note 6: Premises and Equipment for further information about the Company’s premises and equipment. Cloud computing arrangements involving the licensing of software that meet certain criteria are recognized as the acquisition of software. Such assets are measured at the present value of the license obligation, if the license is to be paid over time, in addition to any capitalized upfront costs and amortized over the life of the arrangement. Cloud computing arrangements that do not meet the criteria to be recognized as acquired software are accounted for as service contracts. To date, none of the Company’s cloud computing arrangements have met the criteria to be recognized as acquired software. Premises and equipment are subject to impairment testing when events or conditions indicate that the carrying value of the asset may not be fully recoverable from future cash flows. See “— Intangible Assets” for additional details on impairment testing.
Goodwill	Goodwill Goodwill is recorded as part of the Company’s acquisitions of businesses when the purchase price exceeds the fair value of the net tangible and separately identifiable intangible assets acquired. The Company’s goodwill is not amortized, but rather is subject to an impairment test at the reporting unit level annually as of October 1, or between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company’s reported goodwill relates to PULSE, which it acquired in 2005. The Company’s goodwill is tested for impairment by comparing the fair value of the reporting unit to its carrying value. If the fair value of the reporting unit exceeds its carrying value, goodwill is not impaired. If the carrying value exceeds its fair value, an impairment loss must be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. No impairment was identified during the impairment test conducted as of October 1, 2018 .
Intangible Assets	Intangible Assets The Company’s identifiable intangible assets consist of both amortizable and non-amortizable intangible assets. The Company’s amortizable intangible assets consist primarily of acquired customer relationships and certain trade name intangibles. All of the Company’s amortizable intangible assets are carried at net book value and are amortized over their estimated useful lives. The amortization periods approximate the periods over which the Company expects to generate future net cash inflows from the use of these assets. The Company’s policy is to amortize intangibles in a manner that reflects the pattern in which the projected net cash inflows to the Company are expected to occur, where such pattern can be reasonably determined, as opposed to the straight-line basis. This method of amortization typically results in a greater portion of the intangible asset being amortized in the earlier years of its useful life. All of the Company’s amortizable intangible assets, as well as other amortizable or depreciable long-lived assets such as premises and equipment, are subject to impairment testing when events or conditions indicate that the carrying value of the asset may not be fully recoverable from future cash flows. A test for recoverability is done by comparing the asset’s carrying value to the sum of the undiscounted future net cash inflows expected to be generated from the use of the asset over its remaining useful life. Impairment exists if the sum of the undiscounted expected future net cash inflows is less than the carrying amount of the asset. Impairment would result in a write-down of the asset to its estimated fair value. The estimated fair values of these assets are based on the discounted present value of the stream of future net cash inflows expected to be derived over the remaining useful lives of the assets. If an impairment write-down is recorded, the remaining useful life of the asset will be evaluated to determine whether revision of the remaining amortization or depreciation period is appropriate. The Company’s non-amortizable intangible assets consist primarily of the brand-related intangibles and international transaction processing rights included in the acquisition of Diners Club. These assets are deemed to have indefinite useful lives and are therefore not subject to amortization. All of the Company’s non-amortizable intangible assets are subject to a test for impairment annually as of October 1, or more frequently if events or changes in circumstances indicate that the asset might be impaired. As required by GAAP, if the carrying value of a non-amortizable intangible asset is in excess of its fair value, the asset must be written down to its fair value through the recognition of an impairment charge to earnings. In contrast to amortizable intangibles, there is no test for recoverability associated with the impairment test for non-amortizable intangible assets. No impairment was identified during the impairment test conducted as of October 1, 2018 .
Stock-based Compensation	Stock-based Compensation The Company measures the cost of employee services received in exchange for an award of stock-based compensation based on the grant-date fair value of the award. The cost, net of estimated forfeitures, is recognized over the requisite service period. Awards to employees who are retirement-eligible at any point during the year are amortized over 12 months in accordance with the vesting terms that apply under those circumstances. No compensation cost is recognized for awards that are subsequently forfeited.
Advertising Costs	Advertising Costs The Company expenses television and radio advertising costs in the period in which the advertising is first aired and all other advertising costs as incurred. Advertising costs are recorded in marketing and business development and were $258 million , $219 million and $196 million for the years ended December 31, 2018, 2017 and 2016 , respectively.
Income Taxes	Income Taxes Income tax expense is provided for using the asset and liability method, under which deferred tax assets and liabilities are determined based on the temporary differences between the financial statement and income tax bases of assets and liabilities using currently enacted tax rates. Deferred tax assets are recognized when their realization is determined to be more likely than not. Uncertain tax positions are measured at the highest amount of tax benefit for which realization is judged to be more likely than not. Tax benefits that do not meet these criteria are unrecognized tax benefits. See Note 15: Income Taxes for more information about the Company’s income taxes.
Financial Instruments Used for Asset and Liability Management	Financial Instruments Used for Asset and Liability Management The Company utilizes derivative financial instruments to manage its various exposures to changes in fair value of certain assets and liabilities, variability in future cash flows arising from changes in interest rates or other types of forecasted transactions, and changes in foreign exchange rates. All derivatives are carried at their estimated fair values on the Company’s consolidated statements of financial condition. Derivatives having gross positive fair values, inclusive of net accrued interest receipts or payments, are recorded in other assets. Derivatives with gross negative fair values, inclusive of net accrued interest payments or receipts, are recorded in accrued expenses and other liabilities. The methodologies used to estimate the fair values of these derivative financial instruments are described in Note 20: Fair Value Measurements. Collateral receivable or payable amounts associated with derivatives are not offset against the fair value of these derivatives, but are recorded separately in other assets or deposits, respectively. Variation margin payments associated with derivative positions that are cleared through an exchange are legally characterized as settlements of the derivative positions. Such settlement payments are reflected as offsets to the associated derivatives balances recorded in other assets or in accrued expenses and other liabilities, instead of as collateral in other assets or deposits. The impact of settlement payments on the consolidated statements of financial condition is discussed in more detail in Note 21: Derivatives and Hedging Activities. Certain of these instruments are designated and qualify for hedge accounting. A hedge is deemed effective to the extent that the change in fair value, cash flow, or net investment of the hedged item is offset by changes in the hedging instrument. Under cash flow hedge accounting, changes in the fair values of the derivative instruments are recognized in other comprehensive income (“OCI”) and subsequently reclassified to earnings in the period the hedged forecasted cash flows affect earnings. In a net investment hedge, amounts accumulated in OCI are reclassified into earnings when a hedged net investment is either sold or substantially liquidated. Under fair value hedge accounting, changes in both (i) the fair values of the derivative instruments and (ii) the fair values of the hedged items relating to the risks being hedged, including net differences, if any, are recorded in interest expense. Certain other derivatives are not designated as hedges or do not qualify for hedge accounting; changes in the fair value of these derivatives are recorded in other income. These transactions are discussed in more detail in Note 21: Derivatives and Hedging Activities.
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The Company records unrealized gains and losses on available-for-sale securities, changes in the fair value of cash flow hedges, and certain pension and foreign currency translation adjustments in OCI on an after-tax basis where applicable. The Company’s policy is to adjust the tax effects of a component of AOCI in the same period in which the item is sold or otherwise derecognized, or when the carrying value of the item is remeasured. Details of OCI, net of tax, are presented in the statement of comprehensive income, and a rollforward of AOCI is presented in the statement of changes in stockholders’ equity and Note 13: Accumulated Other Comprehensive Income.
Significant Revenue Recognition Accounting Policies, Loan Interest and Fee Income	Loan Interest and Fee Income Interest on loans is comprised largely of interest on credit card loans and is recognized based on the amount of loans outstanding and their contractual interest rate. Interest on credit card loans is included in loan receivables when billed to the customer. The Company accrues unbilled interest revenue each month from a customer’s billing cycle date to the end of the month. The Company applies an estimate of the percentage of loans that will revolve in the next cycle in the estimation of the accrued unbilled portion of interest revenue that is included in accrued interest receivable on the consolidated statements of financial condition. Interest on other loan receivables is accrued monthly in accordance with their contractual terms and recorded in accrued interest receivable, which is included in other assets, in the consolidated statements of financial condition. Interest related to PCI loans is discussed in Note 4: Loan Receivables. The Company recognizes fees (except balance transfer fees and certain product fees) on loan receivables in interest income or loan fee income as the fees are assessed. Balance transfer fees and certain product fees are recognized in interest income or loan fee income ratably over the periods to which they relate. Balance transfer fees are accreted to interest income over the life of the related balance. As of December 31, 2018 and 2017 , deferred revenues related to balance transfer fees, recorded as a reduction of loan receivables, were $52 million and $47 million , respectively. Loan fee income consists of fees on credit card loans and includes late, cash advance, returned check and other miscellaneous fees and is reflected net of waivers and charge-offs. Direct loan origination costs on credit card loans are deferred and amortized on a straight-line basis over a one year period and recorded in interest income from credit card loans. Direct loan origination costs on other loan receivables are deferred and amortized over the life of the loan using the interest method and are recorded in interest income from other loans. As of December 31, 2018 and 2017 , the remaining unamortized deferred costs related to loan origination were $138 million and $125 million , respectively, and were recorded in loan receivables. The Company accrues interest and fees on loan receivables until the loans are paid or charged off, except in instances of customer bankruptcy, death or fraud, where no further interest and fee accruals occur following notification. Credit card and closed-end consumer loan receivables are placed on non-accrual status upon receipt of notification of the bankruptcy or death of a customer or suspected fraudulent activity on an account. Upon completion of the fraud investigation, non-fraudulent credit card and closed-end consumer loan receivables may resume accruing interest. Payments received on non-accrual loans are allocated according to the same payment hierarchy methodology applied to loans that are accruing interest. When loan receivables are charged off, unpaid accrued interest and fees are reversed against the income line items in which they were originally recorded in the consolidated statements of income. Charge-offs and recoveries of amounts that relate to capitalized interest on student loans are treated as principal charge-offs and recoveries, affecting the provision for loan losses rather than interest income. The Company considers uncollectible interest and fee revenues in assessing the adequacy of the allowance for loan losses. Interest income from loans individually evaluated for impairment, including loans accounted for as troubled debt restructurings, is accounted for in the same manner as other accruing loans. Cash collections on these loans are allocated according to the same payment hierarchy methodology applied to loans that are not in such programs.
Significant Revenue Recognition Accounting Policies, Other	Discount and Interchange Revenue The Company earns discount revenue from fees charged to merchants with whom it has entered into card acceptance agreements for processing credit card purchase transactions. The Company earns acquirer interchange revenue primarily from merchant acquirers on all Discover Network, Diners Club and PULSE transactions made by credit and debit card customers at merchants with whom merchant acquirers have entered into card acceptance agreements for processing payment card transactions. These card acceptance arrangements generally renew automatically and do not have fixed durations. Under these agreements, the Company stands ready to process payment transactions as and when each is presented. The Company earns discount, interchange and similar fees only when transactions are processed. Contractually defined per-transaction fee amounts typically apply to each type of transaction processed and are recognized as revenue at the time each transaction is captured for settlement. These fees are typically collected by the Company as part of the process of settling transactions daily with merchants and acquirers and are fully earned at the time settlement is made. The Company pays issuer interchange to card-issuing entities that have entered into contractual arrangements to issue cards on the Discover Network and on certain transactions on the Diners Club and PULSE networks. This cost is contractually established and is based on the card-issuing organization’s transaction volume. The Company classifies this cost as a reduction of discount and interchange revenue. Costs of cardholder reward arrangements, including the Cashback Bonus reward program, are classified as reductions of discount and interchange revenue pursuant to guidance under ASC Topic 606 governing consideration payable to a customer. For both issuer interchange and cardholder rewards, the Company accrues the cost at the time each underlying card transaction is captured for settlement. Customer Rewards The Company offers its customers various reward programs, including the Cashback Bonus reward program, pursuant to which the Company pays certain customers a reward equal to a percentage of their credit card purchase amounts based on the type and volume of the customer’s purchases. The liability for customer rewards, which is included in accrued expenses and other liabilities on the consolidated statements of financial condition, is recorded on an individual customer basis and is accumulated as qualified customers earn rewards through their ongoing credit card purchase activity or other defined actions. The Company recognizes customer rewards costs as a reduction of the related revenue, if any. In instances where a reward is not associated with a revenue-generating transaction, such as when a reward is given for opening an account, the reward cost is recorded as an operating expense. For the years ended December 31, 2018, 2017 and 2016 , rewards costs amounted to $1.8 billion , $1.6 billion and $1.4 billion , respectively. The liability for customer rewards was $1.6 billion and $1.5 billion at December 31, 2018 and 2017 , respectively, and is included in accrued expenses and other liabilities on the consolidated statements of financial condition. Protection Products Revenue The Company earns revenue related to fees received for ancillary products and services, including payment protection and identity theft protection services, to its credit card customers. A portion of this revenue comprises amounts earned for arranging for the delivery of products offered by third-party service providers. The amount of revenue recorded is generally based on either a percentage of a customer’s outstanding balance or a flat fee, in either case assessed monthly, and is recognized as earned. These contracts are month-to-month arrangements that are cancellable at any time. The Company recognizes each monthly fee in the period to which the service or coverage relates. Transaction Processing Revenue Transaction processing revenue represents switch fees charged to financial institutions and merchants under network participation agreements for processing ATM, debit and point-of-sale transactions over the PULSE network, as well as various participation and membership fees. Network participation agreements generally renew automatically and do not have fixed durations, although the Company does enter into fixed-term pricing or incentive arrangements with certain network participants. The impact of such incentives is not material to the Company’s consolidated statements of income. Similar to discount and interchange fees, switch fees are contractually defined per-transaction fee amounts and are assessed and recognized as revenue at the time each transaction is captured for settlement. These fees are typically collected by the Company as part of the process of settling transactions with network participants. Membership and other participation fees are recognized over the periods to which each fee relates. Other Income Other income includes sales-based royalty revenues earned by Diners Club, merchant fees, certain payments from merchants related to reward programs, revenues from network partners and other miscellaneous revenue items. Sales-based royalty revenues are recognized as the related sales are reported by Diners franchisees. All remaining items of other income are recognized as the related performance obligations are satisfied. Future Revenue Associated with Customer Contracts For contracts under which the Company processes payment card transactions, the Company has the right to assess fees for services performed and to collect those fees through the settlement process. The Company generates essentially all of its discount and interchange revenue and transaction processing revenue, as well as some revenue reported as other income, through such contracts. There is no specified quantity of service promised in these contracts as the number of payment transactions is dependent upon cardholder behavior, which is outside the control of the Company and its network customers (i.e., merchants, acquirers, issuers and other network participants). As noted above, these contracts are typically without fixed durations and renew automatically. For these reasons, the Company does not make or disclose an estimate of revenue associated with performance obligations attributable to the remaining terms of these contracts. Future revenue associated with the Company’s sales-based royalty revenues earned from Diners Club licensees is similarly variable and open-ended, and therefore the Company does not make or disclose an estimate of royalties associated with performance obligations attributable to the remaining terms of the licensing and royalty arrangements. Because of the nature of the services and the manner of collection associated with the majority of the Company's revenue from contracts with customers, material receivables or deferred revenues are not generated. Incentive Payments The Company makes certain incentive payments under contractual arrangements with financial institutions, Diners Club licensees, merchants, acquirers and certain other customers. These payments are generally classified as contra-revenue unless a specifically identifiable benefit is received by the Company in consideration for the payment and the fair value of such benefit can be reasonably estimated. If no such benefit is identified, then the entire payment is classified as contra-revenue and included in the consolidated statements of income in the line item where the related revenues are recorded. If the payment gives rise to an asset because it is expected to directly or indirectly contribute to future net cash inflows, it is deferred and recognized over the expected benefit period. The unamortized portion of the deferred incentive payments included in other assets on the consolidated statements of financial condition was $23 million and $32 million at December 31, 2018 and 2017 , respectively.

Investments (Tables)

Investments (Tables)	12 Months Ended
Investments (Tables)	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	The Company’s investment securities consist of the following (dollars in millions): December 31, 2018 2017 U.S. Treasury securities (1) $ 2,586 $ 672 States and political subdivisions of states — 1 Residential mortgage-backed securities - Agency (2) 784 895 Total investment securities $ 3,370 $ 1,568 (1) Includes $42 million and $48 million of U.S. Treasury securities pledged as swap collateral as of December 31, 2018 and 2017 , respectively. (2) Consists of residential mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.
Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value	The amortized cost, gross unrealized gains and losses, and fair value of available-for-sale and held-to-maturity investment securities are as follows (dollars in millions): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value At December 31, 2018 Available-for-Sale Investment Securities (1) U.S. Treasury securities $ 2,559 $ 27 $ — $ 2,586 Residential mortgage-backed securities - Agency 559 — (12 ) 547 Total available-for-sale investment securities $ 3,118 $ 27 $ (12 ) $ 3,133 Held-to-Maturity Investment Securities (2) Residential mortgage-backed securities - Agency (3) $ 237 $ — $ (4 ) $ 233 Total held-to-maturity investment securities $ 237 $ — $ (4 ) $ 233 At December 31, 2017 Available-for-Sale Investment Securities (1) U.S. Treasury securities $ 675 $ — $ (3 ) $ 672 Residential mortgage-backed securities - Agency 728 1 (6 ) 723 Total available-for-sale investment securities $ 1,403 $ 1 $ (9 ) $ 1,395 Held-to-Maturity Investment Securities (2) States and political subdivisions of states $ 1 $ — $ — $ 1 Residential mortgage-backed securities - Agency (3) 172 1 (1 ) 172 Total held-to-maturity investment securities $ 173 $ 1 $ (1 ) $ 173 (1) Available-for-sale investment securities are reported at fair value. (2) Held-to-maturity investment securities are reported at amortized cost. (3) Amounts represent residential mortgage-backed securities that were classified as held-to-maturity as they were entered into as a part of the Company’s community reinvestment initiatives.
Schedule of Fair Value of Securities in a Continuous Unrealized Loss Position for Less Than Twelve Months and More Than Twelve Months	The following table provides information about investment securities with aggregate gross unrealized losses and the length of time that individual investment securities have been in a continuous unrealized loss position (dollars in millions): Number of Securities in a Loss Position Less than 12 months More than 12 months Fair Value Unrealized Losses Fair Value Unrealized Losses At December 31, 2018 Available-for-Sale Investment Securities Residential mortgage-backed securities - Agency 31 $ 110 $ (1 ) $ 437 $ (11 ) Held-to-Maturity Investment Securities Residential mortgage-backed securities - Agency 90 $ 101 $ (1 ) $ 83 $ (3 ) At December 31, 2017 Available-for-Sale Investment Securities U.S. Treasury securities 1 $ — $ — $ 672 $ (3 ) Residential mortgage-backed securities - Agency 27 $ 457 $ (3 ) $ 132 $ (3 ) Held-to-Maturity Investment Securities Residential mortgage-backed securities - Agency 45 $ 56 $ — $ 38 $ (1 )
Schedule of Maturities and Weighted Average Yields of Available-for-Sale Debt Securities and Held-to-Maturity Debt Securities	Maturities and weighted-average yields of available-for-sale debt securities and held-to-maturity debt securities are provided in the tables below (dollars in millions): At December 31, 2018 One Year or Less After One Year Through Five Years After Five Years Through Ten Years After Ten Years Total Available-for-Sale Investment Securities—Amortized Cost U.S. Treasury securities $ — $ 2,196 $ 363 $ — $ 2,559 Residential mortgage-backed securities - Agency (1) — 90 469 — 559 Total available-for-sale investment securities $ — $ 2,286 $ 832 $ — $ 3,118 Held-to-Maturity Investment Securities—Amortized Cost Residential mortgage-backed securities - Agency (1) $ — $ — $ — $ 237 $ 237 Total held-to-maturity investment securities $ — $ — $ — $ 237 $ 237 Available-for-Sale Investment Securities—Fair Values U.S. Treasury securities $ — $ 2,219 $ 367 $ — $ 2,586 Residential mortgage-backed securities - Agency (1) — 89 458 — 547 Total available-for-sale investment securities $ — $ 2,308 $ 825 $ — $ 3,133 Held-to-Maturity Investment Securities—Fair Values Residential mortgage-backed securities - Agency (1) $ — $ — $ — $ 233 $ 233 Total held-to-maturity investment securities $ — $ — $ — $ 233 $ 233 (1) Maturities of residential mortgage-backed securities are reflective of the contractual maturities of the investment. At December 31, 2018 One Year or Less After One Year Through Five Years After Five Years Through Ten Years After Ten Years Total Available-for-Sale Investment Securities—Weighted-Average Yields (1) U.S Treasury securities — % 2.82 % 2.77 % — % 2.81 % Residential mortgage-backed securities - Agency — % 1.50 % 2.04 % — % 1.95 % Total available-for-sale investment securities — % 2.76 % 2.36 % — % 2.66 % Held-to-Maturity Investment Securities—Weighted-Average Yields Residential mortgage-backed securities — % — % — % 2.94 % 2.94 % Total held-to-maturity investment securities — % — % — % 2.94 % 2.94 % (1) The weighted-average yield for available-for-sale investment securities is calculated based on the amortized cost.

Loan Receivables (Tables)

Loan Receivables (Tables)	12 Months Ended
Loan Receivables (Tables)	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Schedule of Loan Receivables	The Company’s classes of receivables within the three portfolio segments are depicted in the following table (dollars in millions): December 31, 2018 2017 Credit card loans (1) $ 72,876 $ 67,291 Other loans Personal loans 7,454 7,374 Private student loans 7,728 7,076 Other 817 423 Total other loans 15,999 14,873 PCI loans (2) 1,637 2,084 Total loan receivables 90,512 84,248 Allowance for loan losses (3,041 ) (2,621 ) Net loan receivables $ 87,471 $ 81,627 (1) Amounts include carrying values of $22.0 billion and $21.2 billion in underlying investors’ interest in trust debt at December 31, 2018 and 2017 , respectively, and $11.1 billion and $9.9 billion in seller’s interest at December 31, 2018 and 2017 , respectively. See Note 5: Credit Card and Student Loan Securitization Activities for additional information. (2) Amounts include carrying values of $363 million and $762 million in loans pledged as collateral against the notes issued from The Student Loan Corporation (“SLC”) securitization trusts at December 31, 2018 and 2017 , respectively. See Note 5: Credit Card and Student Loan Securitization Activities for additional information.
Schedule of Delinquent and Non-Accruing Loans	Information related to the delinquent and non-accruing loans in the Company’s loan portfolio is shown below by each class of loan receivables except for PCI student loans, which is shown under the heading “— Purchased Credit-Impaired Loans” (dollars in millions): 30-89 Days Delinquent 90 or More Days Delinquent Total Past Due 90 or More Days Delinquent and Accruing Total Non-accruing (1) At December 31, 2018 Credit card loans (2) $ 885 $ 887 $ 1,772 $ 781 $ 266 Other loans Personal loans (3) 84 35 119 33 11 Private student loans (excluding PCI) (4) 117 38 155 37 8 Other 2 1 3 — 17 Total other loans (excluding PCI) 203 74 277 70 36 Total loan receivables (excluding PCI) $ 1,088 $ 961 $ 2,049 $ 851 $ 302 At December 31, 2017 Credit card loans (2) $ 781 $ 751 $ 1,532 $ 693 $ 203 Other loans Personal loans (3) 73 30 103 28 10 Private student loans (excluding PCI) (4) 134 33 167 33 2 Other 3 1 4 — 18 Total other loans (excluding PCI) 210 64 274 61 30 Total loan receivables (excluding PCI) $ 991 $ 815 $ 1,806 $ 754 $ 233 (1) The Company estimates that the gross interest income that would have been recorded in accordance with the original terms of non-accruing credit card loans was $41 million , $35 million and $31 million for the years ended December 31, 2018, 2017 and 2016 , respectively. The Company does not separately track the amount of gross interest income that would have been recorded in accordance with the original terms of loans. This amount was estimated based on customers’ current balances and most recent interest rates. (2) Credit card loans that are 90 or more days delinquent and accruing interest include $116 million and $72 million of loans accounted for as TDRs at December 31, 2018 and 2017 , respectively. (3) Personal loans that are 90 or more days delinquent and accruing interest include $5 million of loans accounted for as TDRs at December 31, 2018 and 2017 . (4) Private student loans that are 90 or more days delinquent and accruing interest include $7 million and $5 million of loans accounted for as TDRs at December 31, 2018 and 2017 , respectively.
Schedule of Net Charge-offs	Information related to the net charge-offs in the Company’s loan portfolio is shown below by each class of loan receivables except for PCI student loans, which is shown under the heading “— Purchased Credit-Impaired Loans” (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Net Net (1) Net Net (1) Net Net (1) Credit card loans $ 2,213 3.26 % $ 1,802 2.91 % $ 1,343 2.34 % Other loans Personal loans 308 4.15 % 231 3.30 % 151 2.55 % Private student loans (excluding PCI) 85 1.14 % 83 1.21 % 67 1.10 % Other 6 0.98 % 3 0.75 % — — % Total other loans 399 2.58 % 317 2.24 % 218 1.78 % Net charge-offs (excluding PCI) $ 2,612 3.13 % $ 2,119 2.78 % $ 1,561 2.24 % Net charge-offs (including PCI) $ 2,612 3.06 % $ 2,119 2.70 % $ 1,561 2.16 % (1) Net charge-off rate represents net charge-off dollars (annualized) divided by average loans for the reporting period.
Schedule of Credit Risk Profile by FICO Score	The following table provides the most recent FICO scores available for the Company’s customers as a percentage of each class of loan receivables: Credit Risk Profile by FICO Score 660 and Above Less than 660 or No Score At December 31, 2018 Credit card loans 81 % 19 % Personal loans 94 % 6 % Private student loans (excluding PCI) (1) 94 % 6 % At December 31, 2017 Credit card loans 82 % 18 % Personal loans 95 % 5 % Private student loans (excluding PCI) (1) 95 % 5 % (1) PCI loans are discussed under the heading “— Purchased Credit-Impaired Loans.”
Schedule of Changes in the Allowance for Loan Losses	The following tables provide changes in the Company’s allowance for loan losses (dollars in millions): For the Year Ended December 31, 2018 Credit Card Personal Loans Student Loans (1) Other Total Balance at beginning of period $ 2,147 $ 301 $ 162 $ 11 $ 2,621 Additions Provision for loan losses 2,594 345 95 1 3,035 Deductions Charge-offs (2,734 ) (345 ) (97 ) (6 ) (3,182 ) Recoveries 521 37 12 — 570 Net charge-offs (2,213 ) (308 ) (85 ) (6 ) (2,612 ) Other (2) — — (3 ) — (3 ) Balance at end of period $ 2,528 $ 338 $ 169 $ 6 $ 3,041 For the Year Ended December 31, 2017 Credit Card Personal Loans Student (1) Other Total Balance at beginning of period $ 1,790 $ 200 $ 158 $ 19 $ 2,167 Additions Provision for loan losses 2,159 332 93 (5 ) 2,579 Deductions Charge-offs (2,263 ) (258 ) (94 ) (3 ) (2,618 ) Recoveries 461 27 11 — 499 Net charge-offs (1,802 ) (231 ) (83 ) (3 ) (2,119 ) Other (2) — — (6 ) — (6 ) Balance at end of period $ 2,147 $ 301 $ 162 $ 11 $ 2,621 For the Year Ended December 31, 2016 Credit Card Personal Loans Student (1) Other Total Balance at beginning of period $ 1,554 $ 155 $ 143 $ 17 $ 1,869 Additions Provision for loan losses 1,579 196 82 2 1,859 Deductions Charge-offs (1,786 ) (172 ) (76 ) — (2,034 ) Recoveries 443 21 9 — 473 Net charge-offs (1,343 ) (151 ) (67 ) — (1,561 ) Balance at end of period $ 1,790 $ 200 $ 158 $ 19 $ 2,167 (1) Includes both PCI and non-PCI private student loans. (2) Net change in reserves on PCI pools having no remaining non-accretable difference.
Schedule of Net Charge-offs of Interest and Fee Revenues on Loan Receivables	Net charge-offs of principal are recorded against the allowance for loan losses, as shown in the preceding table. Information regarding net charge-offs of interest and fee revenues on credit card and other loans is as follows (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Interest and fees accrued subsequently charged off, net of recoveries (recorded as a reduction of interest income) $ 442 $ 353 $ 275 Fees accrued subsequently charged off, net of recoveries (recorded as a reduction to other income) $ 109 $ 89 $ 69
Schedule of Allowance for Loan Losses and Recorded Investment in Loan Portfolio by Impairment Methodology	The following tables provide additional detail of the Company’s allowance for loan losses and recorded investment in its loan portfolio by impairment methodology (dollars in millions): Credit Card Personal Loans Student (1) Other Loans Total At December 31, 2018 Allowance for loans evaluated for impairment as Collectively evaluated for impairment in accordance with ASC 450-20 $ 2,229 $ 292 $ 121 $ 4 $ 2,646 Evaluated for impairment in accordance with ASC 310-10-35 (2)(3) 299 46 23 2 370 Acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30 — — 25 — 25 Total allowance for loan losses $ 2,528 $ 338 $ 169 $ 6 $ 3,041 Recorded investment in loans evaluated for impairment as Collectively evaluated for impairment in accordance with ASC 450-20 $ 70,628 $ 7,302 $ 7,546 $ 761 $ 86,237 Evaluated for impairment in accordance with ASC 310-10-35 (2)(3) 2,248 152 182 56 2,638 Acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30 — — 1,637 — 1,637 Total recorded investment $ 72,876 $ 7,454 $ 9,365 $ 817 $ 90,512 At December 31, 2017 Allowance for loans evaluated for impairment as Collectively evaluated for impairment in accordance with ASC 450-20 $ 1,921 $ 269 $ 112 $ 4 $ 2,306 Evaluated for impairment in accordance with ASC 310-10-35 (2)(3) 226 32 21 7 286 Acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30 — — 29 — 29 Total allowance for loan losses $ 2,147 $ 301 $ 162 $ 11 $ 2,621 Recorded investment in loans evaluated for impairment as Collectively evaluated for impairment in accordance with ASC 450-20 $ 65,975 $ 7,263 $ 6,939 $ 370 $ 80,547 Evaluated for impairment in accordance with ASC 310-10-35 (2)(3) 1,316 111 137 53 1,617 Acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30 — — 2,084 — 2,084 Total recorded investment $ 67,291 $ 7,374 $ 9,160 $ 423 $ 84,248 (1) Includes both PCI and non-PCI private student loans. (2) Loan receivables evaluated for impairment in accordance with ASC 310-10-35 include credit card loans, personal loans and student loans collectively evaluated for impairment in accordance with ASC Subtopic 310-40, Receivables, which consists of modified loans accounted for as TDRs. Other loans are individually evaluated for impairment and generally do not represent TDRs. (3) The unpaid principal balance of credit card loans was $2.0 billion and $1.1 billion at December 31, 2018 and 2017 , respectively. The unpaid principal balance of personal loans was $152 million and $109 million at December 31, 2018 and 2017 , respectively. The unpaid principal balance of student loans was $182 million and $135 million at December 31, 2018 and 2017 , respectively. All loans accounted for as TDRs have a related allowance for loan losses.
Schedule of Troubled Debt Restructurings	Additional information about modified loans classified as TDRs is shown below (dollars in millions): Average recorded investment in loans Interest income recognized during period loans were impaired (1) Gross interest income that would have been recorded with original terms (2) For the Year Ended December 31, 2018 Credit card loans (3) $ 1,737 $ 180 $ 137 Personal loans $ 130 $ 14 $ 6 Private student loans $ 158 $ 13 $ — For the Year Ended December 31, 2017 Credit card loans (3) $ 1,159 $ 107 $ 86 Personal loans $ 94 $ 10 $ 4 Private student loans $ 113 $ 8 $ — For the Year Ended December 31, 2016 Credit card loans (3) $ 1,035 $ 88 $ 77 Personal loans $ 73 $ 8 $ 3 Private student loans $ 63 $ 4 $ — (1) The Company does not separately track interest income on loans in modification programs. Amounts shown are estimated by applying an average interest rate to the average loans in the various modification programs. (2) The Company does not separately track the amount of additional gross interest income that would have been recorded if the loans in modification programs had not been restructured and interest had instead been recorded in accordance with the original terms. Amounts shown are estimated by applying the difference between the average interest rate earned on non-impaired loans and the average interest rate earned on loans in the modification programs to the average loans in the modification programs. (3) Includes credit card loans that were modified in TDRs, but are no longer enrolled in a TDR program due to noncompliance with the terms of the modification or due to successful completion of a program after which charging privileges may be reinstated based on customer-level evaluation. The average balance of credit card loans that were no longer enrolled in a TDR program was $430 million , $339 million and $282 million , respectively, for the years ended December 31, 2018, 2017 and 2016 .
Schedule of Loans That Entered a Modification Program During the Period	The following table provides information on loans that entered a loan modification program during the period (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Number of Accounts Balances Number of Accounts Balances Number of Accounts Balances Accounts that entered a loan modification program during the period Credit card loans 268,817 $ 1,713 133,139 $ 776 95,881 $ 565 Personal loans 8,260 $ 111 6,567 $ 82 4,606 $ 52 Private student loans 4,057 $ 74 3,942 $ 69 2,792 $ 49
Schedule of Troubled Debt Restructurings That Subsequently Defaulted	The following table presents the carrying value of loans that experienced a payment default during the period that had been modified in a TDR during the 15 months preceding the end of each period (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Number of Accounts Aggregated Outstanding Balances Upon Default Number of Accounts Aggregated Outstanding Balances Upon Default Number of Accounts Aggregated Outstanding Balances Upon Default Troubled debt restructurings that subsequently defaulted Credit card loans (1)(2) 42,659 $ 239 34,210 $ 183 23,388 $ 123 Personal loans (2) 2,955 $ 40 1,915 $ 25 940 $ 11 Private student loans (3) 1,041 $ 19 939 $ 16 777 $ 12 (1) Terms revert back to the pre-modification terms for customers who default from a temporary program and charging privileges remain revoked in most cases. (2) For credit card loans and personal loans, a customer defaults from a modification program after two consecutive missed payments. The outstanding balance upon default is generally the loan balance at the end of the month prior to default. (3) For student loans, defaults have been defined as loans that are 60 or more days delinquent. The outstanding balance upon default is generally the loan balance at the end of the month prior to default.
Schedule of Changes in Accretable Yield for the Acquired Loans	The following table provides changes in accretable yield for the acquired loans during each period (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Balance at beginning of period $ 669 $ 796 $ 965 Accretion into interest income (139 ) (159 ) (185 ) Other changes in expected cash flows 18 32 16 Balance at end of period $ 548 $ 669 $ 796
Credit Card Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Schedule of Geographic Distribution of Loan Receivables	The Company originates credit card loans throughout the United States. The geographic distribution of the Company’s credit card loan receivables was as follows (dollars in millions): December 31, 2018 2017 $ % $ % California $ 6,620 9.1 % $ 6,006 8.9 % Texas 6,155 8.4 5,664 8.4 New York 5,040 6.9 4,701 7.0 Florida 4,815 6.6 4,262 6.3 Illinois 3,878 5.3 3,624 5.4 Pennsylvania 3,712 5.1 3,481 5.2 Ohio 3,039 4.2 2,838 4.2 New Jersey 2,661 3.7 2,486 3.7 Georgia 2,160 3.0 1,967 2.9 Michigan 2,042 2.8 1,893 2.8 Other 32,754 44.9 30,369 45.2 Total credit card loans $ 72,876 100 % $ 67,291 100 %
Total Other Loans and PCI Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Schedule of Geographic Distribution of Loan Receivables	The Company originates personal loans, student loans and other loans, and has PCI loans throughout the United States. The geographic distribution of personal, student, other and PCI loan receivables was as follows (dollars in millions): December 31, 2018 2017 $ % $ % New York $ 1,834 10.4 % $ 1,838 10.8 % California 1,656 9.4 1,579 9.3 Pennsylvania 1,221 6.9 1,183 7.0 Illinois 1,098 6.2 1,048 6.2 Texas 1,071 6.1 1,031 6.1 New Jersey 925 5.2 878 5.2 Florida 838 4.8 766 4.5 Ohio 698 4.0 673 4.0 Massachusetts 584 3.3 579 3.4 Michigan 560 3.2 555 3.3 Other 7,151 40.5 6,827 40.2 Total other loans (including PCI loans) $ 17,636 100 % $ 16,957 100 %

Credit Card and Student Loan _2

Credit Card and Student Loan Securitization Activities (Tables)	12 Months Ended
	Dec. 31, 2018
Variable Interest Entities Disclosure [Abstract]
Schedule of Restricted Credit Card Securitized Assets	The carrying values of these restricted assets, which are presented on the Company’s consolidated statements of financial condition as relating to securitization activities, are shown in the following table (dollars in millions): December 31, 2018 2017 Restricted cash $ 1,834 $ 26 Investors’ interests held by third-party investors 16,800 16,025 Investors’ interests held by wholly-owned subsidiaries of Discover Bank 5,211 5,133 Seller’s interest 11,050 9,861 Loan receivables (1) 33,061 31,019 Allowance for loan losses allocated to securitized loan receivables (1) (1,150 ) (998 ) Net loan receivables 31,911 30,021 Other 7 5 Carrying value of assets of consolidated variable interest entities $ 33,752 $ 30,052 (1) The Company maintains its allowance for loan losses at an amount sufficient to absorb probable losses inherent in all loan receivables, which includes all loan receivables in the trusts. Therefore, credit risk associated with the transferred receivables is fully reflected on the Company’s balance sheet in accordance with GAAP.
Schedule of Restricted Student Loan Securitized Assets	The carrying values of these restricted assets, which are presented on the Company’s consolidated statements of financial condition as relating to securitization activities, are shown in the following table (dollars in millions): December 31, 2018 2017 Restricted cash $ 12 $ 55 Student loan receivables (1) 363 762 Carrying value of assets of consolidated variable interest entities $ 375 $ 817 (1) The decrease in student loan receivables from December 31, 2017 to December 31, 2018 is due in part to the repayment of remaining debt associated with one trust.

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
Premises and Equipment (Tables)	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	A summary of premises and equipment, net is as follows (dollars in millions): December 31, 2018 2017 Land $ 42 $ 42 Buildings and improvements 671 641 Furniture, fixtures and equipment 989 916 Software 696 560 Premises and equipment 2,398 2,159 Less: accumulated depreciation (1,193 ) (1,121 ) Less: accumulated amortization of software (269 ) (213 ) Premises and equipment, net $ 936 $ 825

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
Goodwill and Intangible Assets (Tables)	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The following table summarizes the Company’s intangible assets (dollars in millions): December 31, 2018 2017 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Amortizable intangible assets Customer relationships $ 69 $ 67 $ 2 $ 69 $ 65 $ 4 Trade name and other 8 4 4 8 4 4 Total amortizable intangible assets 77 71 6 77 69 8 Non-amortizable intangible assets Trade names 132 — 132 132 — 132 International transaction processing rights 23 — 23 23 — 23 Total non-amortizable intangible assets 155 — 155 155 — 155 Total intangible assets $ 232 $ 71 $ 161 $ 232 $ 69 $ 163

Deposits (Tables)

Deposits (Tables)	12 Months Ended
Deposits (Tables)	Dec. 31, 2018
Deposits [Abstract]
Schedule of Interest Bearing Deposit Accounts	The following table provides a summary of interest-bearing deposit accounts (dollars in millions): December 31, 2018 2017 Certificates of deposit in amounts less than $100,000 $ 27,947 $ 23,768 Certificates of deposit in amounts $100,000 or greater (1) 6,841 5,984 Savings deposits, including money market deposit accounts 32,296 28,413 Total interest-bearing deposits $ 67,084 $ 58,165 (1) Includes $1.7 billion and $1.4 billion in certificates of deposit equal to or greater than $250,000, the Federal Deposit Insurance Corporation (“FDIC”) insurance limit, as of December 31, 2018 and 2017 , respectively.
Schedule of $100,000 or More Certificates of Deposit Maturities	The following table summarizes certificates of deposit in amounts of $100,000 or greater by contractual maturity (dollars in millions): December 31, 2018 Three months or less $ 994 Over three months through six months 1,025 Over six months through twelve months 2,459 Over twelve months 2,363 Total $ 6,841
Schedule of Certificates of Deposit Maturities	The following table summarizes certificates of deposit maturing over each of the next five years and thereafter (dollars in millions): December 31, 2018 2019 $ 15,302 2020 7,216 2021 5,202 2022 2,877 2023 1,840 Thereafter 2,351 Total $ 34,788

Long-Term Borrowings (Tables)

Long-Term Borrowings (Tables)	12 Months Ended
Long-Term Borrowings (Tables)	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-Term Borrowings and Weighted Average Interest Rates	Long-term borrowings consist of borrowings having original maturities of one year or more. The following table provides a summary of the Company’s long-term borrowings and weighted-average interest rates on outstanding balances (dollars in millions): December 31, 2018 December 31, 2017 Maturity Interest Weighted-Average Interest Rate Outstanding Amount Outstanding Amount Securitized Debt Fixed-rate asset-backed securities (1) 2019-2024 1.39%-3.32% 2.17% $ 10,657 $ 8,888 Floating-rate asset-backed securities (2)(3) 2019-2024 2.69%-3.11% 2.90% 6,063 7,038 Total Discover Card Master Trust I and Discover Card Execution Note Trust 16,720 15,926 Floating-rate asset-backed securities (4)(5) 2031 6.50% 6.50% 197 610 Total SLC Private Student Loan Trust 197 610 Total long-term borrowings - owed to securitization investors 16,917 16,536 Discover Financial Services (Parent Company) Fixed-rate senior notes 2019-2027 3.75%-10.25% 4.25% 2,743 2,710 Fixed-rate retail notes 2019-2031 2.85%-4.60% 3.73% 346 302 Discover Bank Fixed-rate senior bank notes (1) 2020-2028 3.10%-4.65% 3.69% 6,027 6,080 Fixed-rate subordinated bank notes 2019-2028 4.68%-8.70% 6.32% 1,195 698 Total long-term borrowings $ 27,228 $ 26,326 (1) The Company uses interest rate swaps to hedge portions of these long-term borrowings against changes in fair value attributable to changes in London Interbank Offered Rate (“LIBOR”). Use of these interest rate swaps impacts carrying value of the debt. See Note 21: Derivatives and Hedging Activities. (2) Discover Card Execution Note Trust floating-rate asset-backed securities include issuances with the following interest rate terms: 1-month LIBOR + 23 to 60 basis points and Commercial paper rate + 49 basis points as of December 31, 2018 . (3) The Company uses interest rate swaps to manage its exposure to changes in interest rates related to future cash flows resulting from interest payments on a portion of these long-term borrowings. There is no impact on debt carrying value from use of these interest rate swaps. See Note 21: Derivatives and Hedging Activities. (4) SLC Private Student Loan Trust floating-rate asset-backed securities include an issuance with the following interest rate term: Prime rate + 100 basis points as of December 31, 2018 . (5) Repayment of this debt is dependent upon the timing of principal and interest payments on the underlying student loans. The date shown represents final maturity date.
Schedule of Long-Term Borrowings Maturities	The following table summarizes long-term borrowings maturing over each of the next five years and thereafter (dollars in millions): Amount 2019 $ 6,511 2020 4,707 2021 3,383 2022 2,806 2023 3,328 Thereafter 6,493 Total $ 27,228

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	12 Months Ended
Stock-Based Compensation Plans (Tables)	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stock-Based Compensation Plans Compensation Cost, Net of Forfeitures	The following table details the compensation cost, net of forfeitures (dollars in millions): For the Years Ended December 31, 2018 2017 2016 RSUs $ 49 $ 44 $ 41 PSUs 32 31 23 Total stock-based compensation expense $ 81 $ 75 $ 64 Income tax benefit $ 15 $ 28 $ 24
Schedule of Restricted Stock Unit Activity	The following table sets forth the activity related to vested and unvested RSUs: Number of Units Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) RSUs at December 31, 2017 2,902,390 $ 223 Granted 649,203 Conversions to common stock (889,201 ) Forfeited (55,898 ) RSUs at December 31, 2018 2,606,494 0.83 $ 154 Vested and convertible RSUs at December 31, 2018 1,263,694 — $ 75 The following table sets forth the activity related to unvested RSUs: Number of Units Weighted-Average Grant-Date Fair Value Unvested RSUs at December 31, 2017 (1) 1,331,170 $ 58.74 Granted 649,203 $ 77.53 Vested (883,317 ) $ 60.85 Forfeited (55,898 ) $ 68.17 Unvested RSUs at December 31, 2018 (1) 1,041,158 $ 68.16 (1) Unvested RSUs represent awards where recipients have yet to satisfy either explicit vesting terms or retirement-eligibility requirements.
Schedule of Intrinsic Value of RSUs Converted to Common Stock and Grant Date Fair Value of RSUs Vested	The following table summarizes the total intrinsic value of the RSUs converted to common stock and the total grant-date fair value of RSUs vested (dollars in millions, except weighted-average grant-date fair value amounts): For the Years Ended December 31, 2018 2017 2016 Intrinsic value of RSUs converted to common stock $ 67 $ 41 $ 38 Grant-date fair value of RSUs vested $ 54 $ 37 $ 38 Weighted-average grant-date fair value of RSUs granted $ 77.53 $ 70.62 $ 48.86
Schedule of Peformance Stock Unit Activity	The following table sets forth the activity related to vested and unvested PSUs: Number of Units Weighted-Average Grant-Date Fair Value Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) PSUs at December 31, 2017 (1) 999,999 $ 56.82 $ 77 Granted 251,579 $ 77.75 Conversions to common stock (303,492 ) $ 57.32 Forfeited (14,444 ) $ 59.87 PSUs at December 31, 2018 (1)(2)(3)(4) 933,642 $ 62.25 0.88 $ 55 (1) All PSUs outstanding at December 31, 2018 and December 31, 2017 are unvested PSUs. (2) Includes 441,370 PSUs granted in 2016 that are earned based on the Company’s achievement of earnings per share (“EPS”) during the three-year performance period which ends December 31, 2018 and are subject to the requisite service period which ended February 1, 2019 . (3) Includes 243,100 PSUs granted in 2017 that are earned based on the Company’s achievement of EPS during the three-year performance period which ends December 31, 2019 and are subject to the requisite service period which ends February 1, 2020 . (4) Includes 249,172 PSUs granted in 2018 that may be earned based on the Company’s achievement of EPS during the three-year performance period which ends December 31, 2020 and are subject to the requisite service period which ends February 1, 2021 .
Schedule of Intrinsic Value of PSUs Converted to Common Stock and Grant Date Fair Value of PSUs Vested	The following table summarizes the total intrinsic value of the PSUs converted to common stock and the total grant-date fair value of PSUs vested (dollars in millions, except weighted-average grant-date fair value amounts): For the Years Ended December 31, 2018 2017 2016 Intrinsic value of PSUs converted to common stock $ 30 $ 27 $ 36 Grant-date fair value of PSUs vested $ 17 $ 18 $ 20 Weighted-average grant-date fair value of PSUs granted $ 77.75 $ 71.17 $ 48.95

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
Employee Benefit Plans (Tables)	Dec. 31, 2018
Retirement Benefits [Abstract]
Schedule of Net Periodic Benefit Cost	Net periodic benefit cost expensed by the Company included the following components (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Service cost, benefits earned during the period $ — $ — $ — Interest cost on projected benefit obligation 22 23 23 Expected return on plan assets (26 ) (25 ) (25 ) Net amortization 5 4 4 Net periodic benefit cost $ 1 $ 2 $ 2
Schedule of Pretax Amounts Recognized in AOCI Not Recognized as Components of Net Periodic Benefit Cost	Pretax amounts recognized in AOCI that have not yet been recognized as components of net periodic benefit cost consist of (dollars in millions): December 31, 2018 Prior service credit $ 2 Net loss (263 ) Total $ (261 )
Schedule of Funded Status and Changes in Benefit Obligations and Fair Value of Plan Assets	The following table provides a reconciliation of the changes in the benefit obligation and fair value of plan assets as well as a summary of the Discover Pension Plan’s funded status (dollars in millions): For the Years Ended December 31, 2018 2017 Reconciliation of benefit obligation Benefit obligation at beginning of year $ 603 $ 546 Interest cost 22 23 Actuarial (gain) loss (57 ) 54 Benefits paid (18 ) (20 ) Benefit obligation at end of year 550 603 Reconciliation of fair value of plan assets Fair value of plan assets at beginning of year 424 381 Actual return on plan assets (36 ) 63 Employer contributions 85 — Benefits paid (18 ) (20 ) Fair value of plan assets at end of year 455 424 Unfunded status (recorded in accrued expenses and other liabilities) $ (95 ) $ (179 )
Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost	The following table presents the assumptions used to determine the benefit obligation: December 31, 2018 2017 Discount rate 4.27 % 3.68 % The following table presents the assumptions used to determine net periodic benefit cost: For the Years Ended December 31, 2018 2017 2016 Discount rate 3.68 % 4.29 % 4.50 % Expected long-term rate of return on plan assets 6.15 % 6.50 % 6.50 %
Schedule of Pension Plan Assets by Level Within the Fair Value Hierarchy	The Discover Pension Plan’s assets are stated at fair value. Quoted market prices in active markets are the best evidence of fair value and are used as the basis for the measurement, if available. If a quoted market price is not available, the estimate of the fair value is based on the best information available in the circumstances. The table below presents information about the Discover Pension Plan assets and indicates the level within the fair value hierarchy, as defined by ASC Topic 820, with which each item is associated as of the end of the current period. For a description of the fair value hierarchy, see Note 20: Fair Value Measurements. (dollars in millions): Level 1 Level 2 Level 3 Net Asset Value Total Net Asset Allocation Balance at December 31, 2018 Assets Domestic small/mid cap equity fund $ — $ 6 $ — $ — $ 6 1 % Emerging markets equity fund — — — 17 17 4 Global equity fund — 82 — 42 124 27 Domestic large cap equity fund — 7 — — 7 2 Long duration credit fund — 125 — — 125 28 Futures contracts — 6 — — 6 1 Non-core fixed income fund — — 65 — 65 14 U.S. Treasury securities 59 — — — 59 13 Stable value fund — 1 — — 1 — Temporary investment fund — 45 — — 45 10 Total assets $ 59 $ 272 $ 65 $ 59 $ 455 100 % Balance at December 31, 2017 Assets Domestic small/mid cap equity fund $ — $ 34 $ — $ — $ 34 8 % Emerging markets equity fund — 34 — — 34 8 Global low volatility equity fund — 22 — — 22 5 International core equity fund — 51 — — 51 12 Domestic large cap equity fund — 57 — — 57 13 Long duration fixed income fund — 219 — — 219 52 Stable value fund — 1 — — 1 — Temporary investment fund — 6 — — 6 2 Total assets $ — $ 424 $ — $ — $ 424 100 %
Schedule of Expected Benefit Payments for Next Five Years and Thereafter	Expected benefit payments associated with the Discover Pension Plan for each of the next five years and in aggregate for the years thereafter are as follows (dollars in millions): December 31, 2018 2019 $ 15 2020 $ 16 2021 $ 17 2022 $ 19 2023 $ 20 Following five years thereafter $ 124

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
Accumulated Other Comprehensive Income (Tables)	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	Changes in each component of AOCI were as follows (dollars in millions): Unrealized (Losses) Gains on Available-for-Sale Investment Securities, Net of Tax Gains (Losses) on Cash Flow Hedges, Net of Tax Losses on Pension Plan, Net of Tax AOCI For the Year Ended December 31, 2018 Balance at December 31, 2017 $ (5 ) $ 10 $ (157 ) $ (152 ) Cumulative effect of ASU No. 2018-02 adoption (1) (1 ) 3 (31 ) (29 ) Net change 16 9 — 25 Balance at December 31, 2018 $ 10 $ 22 $ (188 ) $ (156 ) For the Year Ended December 31, 2017 Balance at December 31, 2016 $ (3 ) $ (13 ) $ (145 ) $ (161 ) Net change (2 ) 23 (12 ) 9 Balance at December 31, 2017 $ (5 ) $ 10 $ (157 ) $ (152 ) For the Year Ended December 31, 2016 Balance at December 31, 2015 $ — $ (20 ) $ (140 ) $ (160 ) Net change (3 ) 7 (5 ) (1 ) Balance at December 31, 2016 $ (3 ) $ (13 ) $ (145 ) $ (161 ) (1) Represents the adjustment to AOCI as a result of adoption of ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, in the second quarter of 2018.
Schedule of Other Comprehensive Income Before Reclassifications and Amounts Reclassified from AOCI	The following table presents each component of OCI before reclassifications and amounts reclassified from AOCI for each component of OCI before- and after-tax (dollars in millions): Before Tax Tax (Expense) Benefit Net of Tax For the Year Ended December 31, 2018 Available-for-Sale Investment Securities Net unrealized holding gains arising during the period $ 23 $ (7 ) $ 16 Net change $ 23 $ (7 ) $ 16 Cash Flow Hedges Net unrealized gains arising during the period $ 17 $ (4 ) $ 13 Amounts reclassified from AOCI (6 ) 2 (4 ) Net change $ 11 $ (2 ) $ 9 For the Year Ended December 31, 2017 Available-for-Sale Investment Securities Net unrealized holding losses arising during the period $ (3 ) $ 1 $ (2 ) Net change $ (3 ) $ 1 $ (2 ) Cash Flow Hedges Net unrealized gains arising during the period $ 23 $ (9 ) $ 14 Amounts reclassified from AOCI 15 (6 ) 9 Net change $ 38 $ (15 ) $ 23 Pension Plan Unrealized losses arising during the period $ (15 ) $ 3 $ (12 ) Net change $ (15 ) $ 3 $ (12 ) For the Year Ended December 31, 2016 Available-for-Sale Investment Securities Net unrealized holding losses arising during the period $ (4 ) $ 1 $ (3 ) Net change $ (4 ) $ 1 $ (3 ) Cash Flow Hedges Net unrealized losses arising during the period $ (23 ) $ 8 $ (15 ) Amounts reclassified from AOCI 35 (13 ) 22 Net change $ 12 $ (5 ) $ 7 Pension Plan Unrealized losses arising during the period $ (9 ) $ 4 $ (5 ) Net change $ (9 ) $ 4 $ (5 )

Other Expense (Tables)

Other Expense (Tables)	12 Months Ended
Other Expense (Tables)	Dec. 31, 2018
Other Income and Expenses [Abstract]
Schedule of Other Expense	Total other expense includes the following components (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Postage $ 86 $ 78 $ 81 Fraud losses and other charges 83 89 98 Supplies 29 39 41 Credit-related inquiry fees 18 17 18 Incentive expense 85 37 24 Other expense 168 164 173 Total other expense $ 469 $ 424 $ 435

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense	Income tax expense consisted of the following (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Current U.S. federal $ 839 $ 1,056 $ 1,066 U.S. state and local 206 96 149 Total 1,045 1,152 1,215 Deferred U.S. federal (163 ) 288 45 U.S. state and local (27 ) (2 ) 3 Total (190 ) 286 48 Income tax expense $ 855 $ 1,438 $ 1,263
Schedule of Reconciliation the Effective Tax Rate to the U.S. Federal Statutory Income Tax Rate	The following table reconciles the Company’s effective tax rate to the U.S. federal statutory income tax rate: For the Years Ended December 31, 2018 2017 2016 U.S. federal statutory income tax rate 21.0 % 35.0 % 35.0 % U.S. state, local and other income taxes, net of U.S. federal income tax benefits 3.6 3.1 2.7 Revaluation of net deferred tax assets and other investments due to tax reform (1) — 5.1 — Tax credits (1.3 ) (1.3 ) (1.8 ) Other 0.5 (1.2 ) (1.4 ) Effective income tax rate 23.8 % 40.7 % 34.5 % (1) See Note 3: Investments — Other Investments for a description of these investments.
Schedule of Deferred Tax Assets and Liabilities	Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. Valuation allowances are provided to reduce deferred tax assets to an amount that is more likely than not to be realized. The Company evaluates the likelihood of realizing its deferred tax assets by estimating sources of future taxable income and the impact of tax planning strategies. Significant components of the Company’s net deferred income taxes, which are included in other assets in the consolidated statements of financial condition, were as follows (dollars in millions): December 31, 2018 2017 Deferred tax assets Allowance for loan losses $ 730 $ 522 Compensation and benefits 65 66 Other 44 40 Total deferred tax assets before valuation allowance 839 628 Valuation allowance (1 ) (3 ) Total deferred tax assets, net of valuation allowance 838 625 Deferred tax liabilities Customer fees and rewards (159 ) (145 ) Depreciation and software amortization (137 ) (109 ) Debt exchange premium (34 ) (41 ) Intangibles (26 ) (24 ) Other (48 ) (53 ) Total deferred tax liabilities (404 ) (372 ) Net deferred tax assets (1) $ 434 $ 253 (1) The change in net deferred tax assets attributable to the TCJA is reflected on the Consolidated Statements of Cash Flows under “Other, net”.
Schedule of Reconciliation of Beginning and Ending Unrecognized Tax Benefits	A reconciliation of beginning and ending unrecognized tax benefits is as follows (dollars in millions): For the Years Ended December 31, 2018 2017 2016 Balance at beginning of period $ 123 $ 158 $ 286 Additions Current year tax positions 5 9 13 Prior year tax positions 6 23 22 Reductions Prior year tax positions (17 ) (41 ) (139 ) Settlements with taxing authorities (25 ) (25 ) (17 ) Expired statute of limitations (9 ) (1 ) (7 ) Balance at end of period (1) $ 83 $ 123 $ 158 (1) For the years ended December 31, 2018, 2017 and 2016 , amounts included $74 million , $105 million and $110 million respectively, of unrecognized tax benefits, which, if recognized, would favorably affect the effective tax rate.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
Earnings Per Share (Tables)	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of Basic and Diluted EPS	The following table presents the calculation of basic and diluted earnings per share (in millions, except per share amounts): For the Years Ended December 31, 2018 2017 2016 Numerator Net income $ 2,742 $ 2,099 $ 2,393 Preferred stock dividends (31 ) (37 ) (37 ) Issuance costs for Series B preferred stock redemption — (15 ) — Net income available to common stockholders 2,711 2,047 2,356 Income allocated to participating securities (22 ) (16 ) (17 ) Net income allocated to common stockholders $ 2,689 $ 2,031 $ 2,339 Denominator Weighted-average shares of common stock outstanding 344 374 405 Effect of dilutive common stock equivalents 1 — 1 Weighted-average shares of common stock outstanding and common stock equivalents 345 374 406 Basic earnings per common share $ 7.81 $ 5.43 $ 5.77 Diluted earnings per common share $ 7.79 $ 5.42 $ 5.77

Capital Adequacy (Tables)

Capital Adequacy (Tables)	12 Months Ended
Capital Adequacy (Tables)	Dec. 31, 2018
Regulatory Capital Requirements [Abstract]
Schedule of Minimum and Well-Capitalized Requirements	The following table shows the actual capital amounts and ratios of the Company and Discover Bank and comparisons of each to the regulatory minimum and “well-capitalized” requirements (dollars in millions): Actual Minimum Capital Requirements Capital Requirements To Be Classified as Well-Capitalized Amount Ratio (1) Amount Ratio Amount (2) Ratio (2) December 31, 2018 Total capital (to risk-weighted assets) Discover Financial Services $ 12,532 13.5 % $ 7,450 ≥8.0% $ 9,312 ≥10.0% Discover Bank $ 13,106 14.2 % $ 7,372 ≥8.0% $ 9,215 ≥10.0% Tier 1 capital (to risk-weighted assets) Discover Financial Services $ 10,895 11.7 % $ 5,587 ≥6.0% $ 5,587 ≥6.0% Discover Bank $ 10,834 11.8 % $ 5,529 ≥6.0% $ 7,372 ≥8.0% Tier 1 capital (to average assets) Discover Financial Services $ 10,895 10.1 % $ 4,308 ≥4.0% N/A N/A Discover Bank $ 10,834 10.2 % $ 4,265 ≥4.0% $ 5,332 ≥5.0% CET1 capital (to risk-weighted assets) Discover Financial Services $ 10,332 11.1 % $ 4,191 ≥4.5% N/A N/A Discover Bank $ 10,834 11.8 % $ 4,147 ≥4.5% $ 5,990 ≥6.5% December 31, 2017 Total capital (to risk-weighted assets) Discover Financial Services $ 11,952 13.8 % $ 6,946 ≥8.0% $ 8,683 ≥10.0% Discover Bank $ 12,364 14.4 % $ 6,872 ≥8.0% $ 8,589 ≥10.0% Tier 1 capital (to risk-weighted assets) Discover Financial Services $ 10,677 12.3 % $ 5,210 ≥6.0% $ 5,210 ≥6.0% Discover Bank $ 10,533 12.3 % $ 5,154 ≥6.0% $ 6,872 ≥8.0% Tier 1 capital (to average assets) Discover Financial Services $ 10,677 10.8 % $ 3,949 ≥4.0% N/A N/A Discover Bank $ 10,533 10.8 % $ 3,912 ≥4.0% $ 4,890 ≥5.0% CET1 capital (to risk-weighted assets) Discover Financial Services $ 10,114 11.6 % $ 3,907 ≥4.5% N/A N/A Discover Bank $ 10,533 12.3 % $ 3,865 ≥4.5% $ 5,583 ≥6.5% (1) Capital ratios are calculated based on the Basel III Standardized Approach rules, subject to applicable transition provisions. (2) The Basel III rules do not establish well-capitalized thresholds for these measures for bank holding companies. Existing well-capitalized thresholds established in the Federal Reserve’s Regulation Y have been included where available.

Commitments, Contingencies an_2

Commitments, Contingencies and Guarantees (Tables)	12 Months Ended
Commitments, Contingencies and Guarantees (Tables)	Dec. 31, 2018
Guarantor Obligations [Line Items]
Schedule of Lease Commitments	The Company leases various office space and equipment under capital and non-cancelable operating leases, which expire at various dates through 2029. Future minimum payments on capital leases were not material at December 31, 2018. The following table shows future minimum payments on non-cancelable operating leases with original terms in excess of one year (dollars in millions): Operating Leases 2019 $ 13 2020 11 2021 10 2022 8 2023 8 Thereafter 33 Total minimum lease payments $ 83
Merchant Chargeback Guarantees [Member]
Guarantor Obligations [Line Items]
Schedule of Maximum Potential Counterparty Exposures Related to Settlement Guarantees and Merchant Chargeback Guarantee	The following table summarizes certain information regarding merchant chargeback guarantees (in millions): For the Years Ended December 31, 2018 2017 2016 Aggregate sales transaction volume (1) $ 158,910 $ 143,551 $ 136,413 (1) Represents period transactions processed on the Discover Network for which a potential liability exists that, in aggregate, can differ from credit card sales volume.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are as follows (dollars in millions): Quoted Price in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Balance at December 31, 2018 Assets Fair value - OCI U.S. Treasury securities $ 2,586 $ — $ — $ 2,586 Residential mortgage-backed securities - Agency — 547 — 547 Available-for-sale investment securities $ 2,586 $ 547 $ — $ 3,133 Derivative financial instruments - cash flow hedges (1) $ — $ 8 $ — $ 8 Fair value - Net income Derivative financial instruments - fair value hedges (1) $ — $ 5 $ — $ 5 Liabilities Fair value - OCI Derivative financial instruments - cash flow hedges (1) $ — $ 2 $ — $ 2 Balance at December 31, 2017 Assets Fair value - OCI U.S. Treasury securities $ 672 $ — $ — $ 672 Residential mortgage-backed securities - Agency — 723 — 723 Available-for-sale investment securities $ 672 $ 723 $ — $ 1,395 Derivative financial instruments - cash flow hedges (1) $ — $ 2 $ — $ 2 Fair value - Net income Derivative financial instruments - fair value hedges (1) $ — $ 4 $ — $ 4 Liabilities Fair value - OCI Derivative financial instruments - cash flow hedges (1) $ — $ 3 $ — $ 3 (1) Derivative instrument carrying values in an asset or liability position are presented as part of other assets or accrued expenses and other liabilities, respectively, in the Company's consolidated statements of financial condition.
Schedule of Financial Instruments Measured at Other Than Fair Value	The following tables disclose the estimated fair value of the Company’s financial assets and financial liabilities that are not required to be carried at fair value (dollars in millions): Balance at December 31, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Carrying Value Assets Amortized cost Residential mortgage-backed securities - Agency $ — $ 233 $ — $ 233 $ 237 Held-to-maturity investment securities $ — $ 233 $ — $ 233 $ 237 Net loan receivables $ — $ — $ 90,787 $ 90,787 $ 87,471 Carrying value approximates fair value (1) Cash and cash equivalents $ 13,299 $ — $ — $ 13,299 $ 13,299 Restricted cash $ 1,846 $ — $ — $ 1,846 $ 1,846 Accrued interest receivables (2) $ — $ 951 $ — $ 951 $ 951 Liabilities Amortized cost Time deposits (3) $ — $ 34,635 $ — $ 34,635 $ 34,788 Long-term borrowings - owed to securitization investors $ — $ 16,701 $ 217 $ 16,918 $ 16,917 Other long-term borrowings — 10,325 — 10,325 10,311 Long-term borrowings $ — $ 27,026 $ 217 $ 27,243 $ 27,228 Carrying value approximates fair value (1) Accrued interest payables (2) $ — $ 292 $ — $ 292 $ 292 (1) The carrying values of these assets and liabilities approximate fair value due to the nature of their liquidity (i.e., due or payable in less than one year). (2) Accrued interest receivable and payable carrying values are presented as part of other assets or accrued expenses and other liabilities, respectively, in the Company’s consolidated statements of financial condition. (3) Excludes deposits without contractually defined maturities for all periods presented. The following tables disclose the estimated fair value of the Company’s financial assets and financial liabilities that are not required to be carried at fair value (dollars in millions): Balance at December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Carrying Value Assets Amortized cost States and political subdivisions of states $ — $ 1 $ — $ 1 $ 1 Residential mortgage-backed securities - Agency — 172 — 172 172 Held-to-maturity investment securities $ — $ 173 $ — $ 173 $ 173 Net loan receivables $ — $ — $ 85,108 $ 85,108 $ 81,627 Carrying value approximates fair value (1) Cash and cash equivalents $ 13,306 $ — $ — $ 13,306 $ 13,306 Restricted cash $ 81 $ — $ — $ 81 $ 81 Accrued interest receivables (2) $ — $ 818 $ — $ 818 $ 818 Liabilities Amortized cost Time deposits (3) $ — $ 29,848 $ — $ 29,848 $ 29,752 Long-term borrowings - owed to securitization investors $ — $ 15,851 $ 640 $ 16,491 $ 16,536 Other long-term borrowings — 10,293 — 10,293 9,790 Long-term borrowings $ — $ 26,144 $ 640 $ 26,784 $ 26,326 Carrying value approximates fair value (1) Accrued interest payables (2) $ — $ 214 $ — $ 214 $ 214 (1) The carrying values of these assets and liabilities approximate fair value due to the nature of their liquidity (i.e., due or payable in less than one year). (2) Accrued interest receivable and payable carrying values are presented as part of other assets or accrued expenses and other liabilities, respectively, in the Company's consolidated statements of financial condition. (3) Excludes deposits without contractually defined maturities for all periods presented.

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	12 Months Ended
Derivatives and Hedging Activities (Tables)	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value and Outstanding Notional Amounts of Derivative Instruments and Related Collateral Balances	The following table summarizes the fair value (including accrued interest) and outstanding notional amounts of derivative instruments and related collateral balances (dollars in millions): December 31, 2018 December 31, 2017 Notional Amount Number of Outstanding Derivative Contracts Derivative Assets Derivative Liabilities Notional Amount Derivative Assets Derivative Liabilities Derivatives designated as hedges Interest rate swaps—cash flow hedge $ 2,450 5 $ 8 $ 2 $ 3,800 $ 2 $ 3 Interest rate swaps—fair value hedge $ 8,000 10 5 — $ 7,333 4 — Derivatives not designated as hedges Foreign exchange forward contracts (1) $ 33 7 — — $ 23 — — Total gross derivative assets/liabilities (2) 13 2 6 3 Less: collateral held/posted (3) (8 ) (2 ) (1 ) (3 ) Total net derivative assets/liabilities $ 5 $ — $ 5 $ — (1) The foreign exchange forward contracts have notional amounts of EUR 9 million , GBP 12 million , SGD 1 million and INR 464 million as of December 31, 2018 and notional amounts of EUR 7 million , GBP 5 million , SGD 1 million and INR 464 million as of December 31, 2017 . (2) In addition to the derivatives disclosed in the table, the Company enters into forward contracts to purchase when-issued mortgage-backed securities as part of its community reinvestment initiatives. At December 31, 2018 , the Company had one outstanding contract with a notional amount of $79 million and immaterial fair value. At December 31, 2017 , the Company had one outstanding contract with a notional amount of $54 million and immaterial fair value. (3) Collateral amounts, which consist of both cash and investment securities, are limited to the related derivative asset/liability balance and do not include excess collateral received/pledged.
Schedule of Hedged Items in Fair Value Hedging Relationship	The following amounts were recorded on the statements of financial condition related to cumulative basis adjustment for fair value hedges (dollars in millions): December 31, 2018 Carrying Amount of Hedged Assets/Liabilities Cumulative Amount of Fair Value Hedging Adjustment Increasing (Decreasing) the Carrying Amount of Hedged Assets/Liabilities Long-term borrowings $ 7,893 $ (91 )
Schedule of Impact of the Derivative Instruments on Income	The following table summarizes the impact of the derivative instruments on income and indicates where within the consolidated financial statements such impact is reported (dollars in millions): Location and Amount of (Losses) Gains Recognized in Income Interest (Expense) Deposits Long-Term Borrowings Other Income For the Year Ended December 31, 2018 Total amounts of income and expense line items presented in the statements of income in which the effects of fair value or cash flow hedges are recorded $ (1,238 ) $ (901 ) $ 97 The effects of cash flow and fair value hedging Gains on cash flow hedging relationship Amounts reclassified from OCI into earnings $ — $ 6 $ — Gains (losses) on fair value hedging relationship Gains (losses) on hedged items $ — $ (18 ) $ — Gains (losses) on interest rate swaps — (23 ) — Total gains (losses) on fair value hedges $ — $ (41 ) $ — The effects of derivatives not designated in hedging relationships Gains on derivatives not designated as hedges $ — $ — $ 1 For the Year Ended December 31, 2017 Total amounts of income and expense line items presented in the statements of income in which the effects of fair value or cash flow hedges are recorded $ (846 ) $ (802 ) $ 92 The effects of cash flow and fair value hedging (Losses) gains on cash flow hedging relationship Amounts reclassified from OCI into earnings $ (8 ) $ (7 ) $ — Gains (losses) on fair value hedging relationship Gains on hedged items $ — $ 37 $ — (Losses) gains on interest rate swaps (1 ) (28 ) — Total (losses) gains on fair value hedges $ (1 ) $ 9 $ — The effects of derivatives not designated in hedging relationships Gains (losses) on derivatives not designated as hedges $ — $ — $ (2 ) The following table summarizes the impact of the derivative instruments on income and indicates where within the consolidated financial statements such impact is reported (dollars in millions): Location and Amount of (Losses) Gains Recognized in Income Interest (Expense) Deposits Long-Term Borrowings Other Income For the Year Ended December 31, 2016 Total amounts of income and expense line items presented in the statements of income in which the effects of fair value or cash flow hedges are recorded $ (687 ) $ (711 ) $ 89 The effects of cash flow and fair value hedging (Losses) gains on cash flow hedging relationship Amounts reclassified from OCI into earnings $ (13 ) $ (22 ) $ — Gains (losses) on fair value hedging relationship Gains on hedged items $ 3 $ 75 $ — Gains (losses) on interest rate swaps 5 (50 ) — Total gains on fair value hedges $ 8 $ 25 $ — The effects of derivatives not designated in hedging relationships Gains on derivatives not designated as hedges $ — $ — $ 1

Segment Disclosures (Tables)

Segment Disclosures (Tables)	12 Months Ended
Segment Disclosures (Tables)	Dec. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Disclosures	The following table presents segment data (dollars in millions): Direct Banking Payment Services Total For the Year Ended December 31, 2018 Interest income Credit card loans $ 8,835 $ — $ 8,835 Private student loans 614 — 614 PCI student loans 139 — 139 Personal loans 935 — 935 Other 369 1 370 Total interest income 10,892 1 10,893 Interest expense 2,139 — 2,139 Net interest income 8,753 1 8,754 Provision for loan losses 3,035 — 3,035 Other income 1,645 310 1,955 Other expense 3,918 159 4,077 Income before income tax expense $ 3,445 $ 152 $ 3,597 For the Year Ended December 31, 2017 Interest income Credit card loans $ 7,907 $ — $ 7,907 Private student loans 523 — 523 PCI student loans 159 — 159 Personal loans 860 — 860 Other 199 — 199 Total interest income 9,648 — 9,648 Interest expense 1,648 — 1,648 Net interest income 8,000 — 8,000 Provision for loan losses 2,586 (7 ) 2,579 Other income 1,607 290 1,897 Other expense 3,629 152 3,781 Income before income tax expense $ 3,392 $ 145 $ 3,537 The following table presents segment data (dollars in millions): Direct Banking Payment Services Total For the Year Ended December 31, 2016 Interest income Credit card loans $ 7,155 $ — $ 7,155 Private student loans 444 — 444 PCI student loans 185 — 185 Personal loans 719 — 719 Other 113 — 113 Total interest income 8,616 — 8,616 Interest expense 1,398 — 1,398 Net interest income 7,218 — 7,218 Provision for loan losses 1,858 1 1,859 Other income 1,611 270 1,881 Other expense 3,422 162 3,584 Income before income tax expense $ 3,549 $ 107 $ 3,656

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
Revenue from Contracts with Customers (Tables)	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents revenue from contracts with customers disaggregated by business segment and reconciles revenue from contracts with customers to total other income (dollars in millions): Direct Banking Payment Services Total For the Year Ended December 31, 2018 Other income subject to ASC 606 Discount and interchange revenue, net (1) $ 1,022 $ 52 $ 1,074 Protection products revenue 204 — 204 Transaction processing revenue — 178 178 Other income 17 80 97 Total other income subject to ASC 606 (2) 1,243 310 1,553 Other income not subject to ASC 606 Loan fee income 402 — 402 Total other income not subject to ASC 606 402 — 402 Total other income by operating segment $ 1,645 $ 310 $ 1,955 For the Year Ended December 31, 2017 Other income subject to ASC 606 Discount and interchange revenue, net (1) $ 1,009 $ 43 $ 1,052 Protection products revenue 223 — 223 Transaction processing revenue — 167 167 Other income 9 80 89 Total other income subject to ASC 606 (2) 1,241 290 1,531 Other income not subject to ASC 606 Loan fee income 363 — 363 Other income 3 — 3 Total other income not subject to ASC 606 366 — 366 Total other income by operating segment $ 1,607 $ 290 $ 1,897 For the Year Ended December 31, 2016 Other income subject to ASC 606 Discount and interchange revenue, net (1) $ 1,018 $ 37 $ 1,055 Protection products revenue 239 — 239 Transaction processing revenue — 155 155 Other income 11 78 89 Total other income subject to ASC 606 (2) 1,268 270 1,538 Other income not subject to ASC 606 Loan fee income 343 — 343 Total other income not subject to ASC 606 343 — 343 Total other income by operating segment $ 1,611 $ 270 $ 1,881 (1) Net of rewards, including Cashback Bonus rewards, of $1.8 billion , $1.6 billion and $1.4 billion for the years ended December 31, 2018, 2017 and 2016 , respectively. (2) Excludes $3 million , $2 million and $2 million deposit product fees that are reported within net interest income for the years ended December 31, 2018, 2017 and 2016 , respectively.

Parent Company Condensed Fina_2

Parent Company Condensed Financial Information (Tables) - Parent Company [Member]	12 Months Ended
	Dec. 31, 2018
Condensed Financial Statements, Captions [Line Items]
Schedule of Parent Company Condensed Statements of Financial Condition	Discover Financial Services (Parent Company Only) Condensed Statements of Financial Condition December 31, 2018 2017 (dollars in millions) Assets Cash and cash equivalents (1) $ 1,586 $ 2,043 Restricted cash 20 4 Notes receivable from subsidiaries (2) 821 759 Investments in bank subsidiaries 10,891 10,560 Investments in non-bank subsidiaries 752 1,048 Other assets 676 254 Total assets $ 14,746 $ 14,668 Liabilities and Stockholders’ Equity Non-interest bearing deposit accounts $ 4 $ 2 Short-term borrowings from subsidiaries 240 351 Long-term borrowings 3,089 3,012 Accrued expenses and other liabilities 283 411 Total liabilities 3,616 3,776 Stockholders’ equity 11,130 10,892 Total liabilities and stockholders’ equity $ 14,746 $ 14,668 (1) The Parent Company had $1.4 billion and $2.0 billion in a money market deposit account at Discover Bank as of December 31, 2018 and 2017 , respectively, which is included in cash and cash equivalents. These funds are available to the Parent for liquidity purposes. (2) The Parent Company advanced $500 million to Discover Bank as of December 31, 2018 and 2017 , which is included in notes receivable from subsidiaries. These funds are available to the Parent for liquidity purposes.
Schedule of Parent Company Condensed Statements of Income	Discover Financial Services (Parent Company Only) Condensed Statements of Income For the Years Ended December 31, 2018 2017 2016 (dollars in millions) Interest income $ 67 $ 55 $ 39 Interest expense 189 178 139 Net interest expense (122 ) (123 ) (100 ) Dividends from bank subsidiaries 2,375 1,895 1,800 Dividends from non-bank subsidiaries 450 15 269 Total income 2,703 1,787 1,969 Other expense — — 1 Income before income tax benefit and equity in undistributed net income of subsidiaries 2,703 1,787 1,968 Income tax benefit 33 40 40 Equity in undistributed net income of subsidiaries 6 272 385 Net income 2,742 2,099 2,393 OCI, net 25 9 (1 ) Comprehensive income $ 2,767 $ 2,108 $ 2,392
Schedule of Parent Company Condensed Statements of Cash Flows	Discover Financial Services (Parent Company Only) Condensed Statements of Cash Flows For the Years Ended December 31, 2018 2017 2016 (dollars in millions) Cash flows from operating activities Net income $ 2,742 $ 2,099 $ 2,393 Adjustments to reconcile net income to net cash provided by operating activities Equity in undistributed net income of subsidiaries (6 ) (272 ) (385 ) Stock-based compensation expense 81 75 64 Deferred income taxes (5 ) 1 (9 ) Depreciation and amortization 34 31 27 Changes in assets and liabilities (Increase) decrease in other assets (416 ) (54 ) 10 (Decrease) increase in other liabilities and accrued expenses (129 ) 43 52 Net cash provided by operating activities 2,301 1,923 2,152 Cash flows from investing activities (Increase) decrease in investment in subsidiaries (3 ) — (1 ) Increase in loans to subsidiaries (62 ) (8 ) (15 ) Net cash used for investing activities (65 ) (8 ) (16 ) Cash flows from financing activities Net (decrease) increase in short-term borrowings from subsidiaries (110 ) 130 (93 ) Proceeds from issuance of common stock 6 5 7 Proceeds from issuance of long-term borrowings 49 1,127 130 Maturities and repayment of long-term borrowings (6 ) (404 ) — Purchases of treasury stock (2,065 ) (2,081 ) (1,908 ) Net increase (decrease) in deposits 1 (11 ) 10 Proceeds from issuance of preferred stock — 563 — Payments on redemption of preferred stock — (575 ) — Dividends paid on common and preferred stock (552 ) (527 ) (514 ) Net cash used for financing activities (2,677 ) (1,773 ) (2,368 ) (Decrease) increase in cash, cash equivalents and restricted cash (441 ) 142 (232 ) Cash, cash equivalents and restricted cash, at beginning of period 2,047 1,905 2,137 Cash, cash equivalents and restricted cash, at end of period $ 1,606 $ 2,047 $ 1,905 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 1,586 $ 2,043 $ 1,901 Restricted cash 20 4 4 Cash, cash equivalents and restricted cash, at end of period $ 1,606 $ 2,047 $ 1,905 Supplemental disclosure of cash flow information Cash paid during the period for Interest expense $ 156 $ 132 $ 112 Income taxes, net of income tax refunds $ (22 ) $ (27 ) $ 23

Quarterly Results (Tables)

Quarterly Results (Tables)	12 Months Ended
Quarterly Results (Tables)	Dec. 31, 2018
Quarterly Financial Data [Abstract]
Schedule of Quarterly Results	The following table provides unaudited quarterly results (dollars in millions, except per share data): December 31, 2018 September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 September 30, 2017 June 30, 2017 March 31, 2017 Interest income $ 2,907 $ 2,781 $ 2,636 $ 2,569 $ 2,556 $ 2,476 $ 2,338 $ 2,278 Interest expense 605 558 507 469 436 426 400 386 Net interest income 2,302 2,223 2,129 2,100 2,120 2,050 1,938 1,892 Provision for loan losses 800 742 742 751 679 674 640 586 Other income 505 501 474 475 494 475 481 447 Other expense 1,110 1,015 984 968 1,036 948 912 885 Income before income tax expense 897 967 877 856 899 903 867 868 Income tax expense 210 247 208 190 512 301 321 304 Net income $ 687 $ 720 $ 669 $ 666 $ 387 $ 602 $ 546 $ 564 Net income allocated to common stockholders (1) $ 681 $ 699 $ 663 $ 646 $ 359 $ 589 $ 532 $ 551 Basic earnings per common share (1) $ 2.04 $ 2.05 $ 1.91 $ 1.82 $ 0.99 $ 1.59 $ 1.41 $ 1.43 Diluted earnings per common share (1) $ 2.03 $ 2.05 $ 1.91 $ 1.82 $ 0.99 $ 1.59 $ 1.40 $ 1.43 (1) Because the inputs to net income allocated to common stockholders and earnings per share are calculated using weighted averages for the quarter, the sum of all four quarters may differ from the year to date amounts in the consolidated statements of income.

Background and Basis of Prese_3

Background and Basis of Presentation (Details)	12 Months Ended
Background and Basis of Presentation (Details)	Dec. 31, 2018segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2
Consolidation percentage	50.00%
Cost less impairment ownership percentage	20.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	Oct. 01, 2018	Oct. 01, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Line Items]
Cash and due from banks			$ 728	$ 1,300
Interest-earning deposits in other banks			$ 12,600	12,000
Threshold charge-off period for bankruptcy and probate accounts			60 days
Fraudulent transaction charge off period			90 days
Impairment of goodwill	$ 0	$ 0
Impairment of intangible assets (excluding goodwill)	$ 0	$ 0
Advertising costs			$ 258	219	$ 196
Deferred revenues related to balance transfer fees			52	47
Unamortized deferred costs for loan origination			138	125
Credit card rewards cost			1,800	1,600	$ 1,400
Liability for customer rewards			1,600	1,500
Unamortized portion of the deferred incentive payments			$ 23	$ 32
Retirement Eligible [Member]
Accounting Policies [Line Items]
Amortization of share-based compensation in accordance with vesting terms			12 months
Building [Member]
Accounting Policies [Line Items]
Premises and equipment, useful life			39 years
Minimum [Member]
Accounting Policies [Line Items]
Delinquent loan qualification period			30 days
Minimum [Member] \| Improvements [Member]
Accounting Policies [Line Items]
Premises and equipment, useful life			10 years
Minimum [Member] \| Furniture and Fixtures [Member]
Accounting Policies [Line Items]
Premises and equipment, useful life			5 years
Minimum [Member] \| Equipment [Member]
Accounting Policies [Line Items]
Premises and equipment, useful life			3 years
Minimum [Member] \| Software Development [Member]
Accounting Policies [Line Items]
Premises and equipment, useful life			3 years
Maximum [Member]
Accounting Policies [Line Items]
Cash and cash equivalents maturity period			90 days
Maximum [Member] \| Improvements [Member]
Accounting Policies [Line Items]
Premises and equipment, useful life			15 years
Maximum [Member] \| Furniture and Fixtures [Member]
Accounting Policies [Line Items]
Premises and equipment, useful life			10 years
Maximum [Member] \| Equipment [Member]
Accounting Policies [Line Items]
Premises and equipment, useful life			10 years
Maximum [Member] \| Software Development [Member]
Accounting Policies [Line Items]
Premises and equipment, useful life			10 years
Personal And Private Student Loan Member [Member]
Accounting Policies [Line Items]
Threshold charge-off period for past due accounts (in days)			120 days
Credit Card Loans [Member]
Accounting Policies [Line Items]
Threshold charge-off period for past due accounts (in days)			180 days
Amortization period for loan origination costs			1 year

Investments Investments (Narrat

Investments Investments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Investment Holdings [Line Items]
Losses related to other-than-temporary impairments	$ 0	$ 0	$ 0
Proceeds from sales of available-for-sale securities	0	0	0
Recognized gains (losses) on available-for-sale securities	0	0	0
Taxable interest on investment securities	40	27	38
Tax exempt interest on investment securities	0	0	$ 0
Investment related to affordable housing projects	271	288
Contingent liabilities related to affordable housing project investments	30	66
Other Assets [Member] \| Community Reinvestment Act [Member]
Investment Holdings [Line Items]
Equity method investments	295	297
Other Liabilities [Member] \| Community Reinvestment Act [Member]
Investment Holdings [Line Items]
Contingent liabilities related to equity method investments	$ 49	$ 66

Investments (Schedule of Invest

Investments (Schedule of Investment Securities) (Details) - USD ($) $ in Millions		Dec. 31, 2018	Dec. 31, 2017
Investment Holdings [Line Items]
Investment securities		$ 3,370	$ 1,568
U.S. Treasury Securities [Member]
Investment Holdings [Line Items]
Investment securities	[1]	2,586	672
Derivative collateral		42	48
States and Political Subdivisions of States [Member]
Investment Holdings [Line Items]
Investment securities		0	1
Residential Mortgage Backed Securities - Agency [Member]
Investment Holdings [Line Items]
Investment securities	[2]	$ 784	$ 895

[1]	Includes $42 million and $48 million of U.S. Treasury securities pledged as swap collateral as of December 31, 2018 and 2017, respectively.
[2]	Consists of residential mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.

Investments (Schedule of Amorti

Investments (Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value) (Details) - USD ($) $ in Millions		Dec. 31, 2018		Dec. 31, 2017
Investment Holdings [Line Items]
Available-for-sale investment securities, amortized cost	[1]	$ 3,118		$ 1,403
Available-for-sale investment securities, gross unrealized gains	[1]	27		1
Available-for-sale investment securities, gross unrealized losses	[1]	(12)		(9)
Available-for-sale investment securities, fair value	[1]	3,133		1,395
Held-to-maturity investment securities, amortized cost	[2]	237		173
Held-to-maturity investment securities, gross unrealized gains	[2]	0		1
Held-to-maturity investment securities, gross unrealized losses	[2]	(4)		(1)
Held-to-maturity investment securities, fair value	[2]	233		173
U.S. Treasury Securities [Member]
Investment Holdings [Line Items]
Available-for-sale investment securities, amortized cost	[1]	2,559		675
Available-for-sale investment securities, gross unrealized gains	[1]	27		0
Available-for-sale investment securities, gross unrealized losses	[1]	0		(3)
Available-for-sale investment securities, fair value	[1]	2,586		672
Residential Mortgage Backed Securities - Agency [Member]
Investment Holdings [Line Items]
Available-for-sale investment securities, amortized cost	[1]	559	[3]	728
Available-for-sale investment securities, gross unrealized gains	[1]	0		1
Available-for-sale investment securities, gross unrealized losses	[1]	(12)		(6)
Available-for-sale investment securities, fair value	[1]	547	[3]	723
Held-to-maturity investment securities, amortized cost	[2],[4]	237	[3]	172
Held-to-maturity investment securities, gross unrealized gains	[2],[4]	0		1
Held-to-maturity investment securities, gross unrealized losses	[2],[4]	(4)		(1)
Held-to-maturity investment securities, fair value	[2],[4]	$ 233	[3]	172
States and Political Subdivisions of States [Member]
Investment Holdings [Line Items]
Held-to-maturity investment securities, amortized cost	[2]			1
Held-to-maturity investment securities, gross unrealized gains	[2]			0
Held-to-maturity investment securities, gross unrealized losses	[2]			0
Held-to-maturity investment securities, fair value	[2]			$ 1

[1]	Available-for-sale investment securities are reported at fair value.
[2]	Held-to-maturity investment securities are reported at amortized cost.
[3]	Maturities of residential mortgage-backed securities are reflective of the contractual maturities of the investment.
[4]	Amounts represent residential mortgage-backed securities that were classified as held-to-maturity as they were entered into as a part of the Company’s community reinvestment initiatives.

Investments (Schedule of Fair V

Investments (Schedule of Fair Value of Securities in a Continuous Unrealized Loss Position for Less Than 12 Months and More Than 12 Months) (Details) $ in Millions	Dec. 31, 2018USD ($)securities	Dec. 31, 2017USD ($)securities
Residential Mortgage Backed Securities - Agency [Member]
Investment Holdings [Line Items]
Available-for-sale investment securities, continuous unrealized loss position, number of securities \| securities	31	27
Available-for-sale investment securities, continuous unrealized loss position, less than 12 months, fair value	$ 110	$ 457
Available-for-sale investment securities, continuous unrealized loss position, less than 12 months, unrealized losses	(1)	(3)
Available-for-sale investment securities, continuous unrealized loss position, more than 12 months, fair value	437	132
Available-for-sale investment securities, continuous unrealized loss position, more than 12 months, unrealized losses	$ (11)	$ (3)
Held-to-maturity investment securities, continuous unrealized loss position, number of securities \| securities	90	45
Held-to-maturity investment securities, continuous unrealized loss position, less than 12 months, fair value	$ 101	$ 56
Held-to-maturity investment securities, continuous unrealized loss position, less than 12 months, unrealized losses	(1)	0
Held-to-maturity investment securities, continuous unrealized loss position, more than 12 months, fair value	83	38
Held-to-maturity investment securities, continuous unrealized loss position, more than 12 months, unrealized losses	$ (3)	$ (1)
U.S. Treasury Securities [Member]
Investment Holdings [Line Items]
Available-for-sale investment securities, continuous unrealized loss position, number of securities \| securities		1
Available-for-sale investment securities, continuous unrealized loss position, less than 12 months, fair value		$ 0
Available-for-sale investment securities, continuous unrealized loss position, less than 12 months, unrealized losses		0
Available-for-sale investment securities, continuous unrealized loss position, more than 12 months, fair value		672
Available-for-sale investment securities, continuous unrealized loss position, more than 12 months, unrealized losses		$ (3)

Investments (Schedule of Maturi

Investments (Schedule of Maturities and Weighted Average Yields of Available-for-Sale Debt Securities and Held-to-Maturity Debt Securities) (Details) - USD ($) $ in Millions		Dec. 31, 2018		Dec. 31, 2017
Investment Holdings [Line Items]
Available-for-sale investment securities, debt maturities, one year or less, amortized cost		$ 0
Available-for-sale investment securities, debt maturities, after one year through five years, amortized cost		2,286
Available-for-sale investment securities, debt maturities, after five years through ten years, amortized cost		832
Available-for-sale investment securities, debt maturities, after ten years, amortized cost		0
Available-for-sale investment securities, amortized cost	[1]	3,118		$ 1,403
Held-to-maturity investment securities, debt maturities, one year or less, amortized cost		0
Held-to-maturity investment securities, debt maturities, after one year through five years, amortized cost		0
Held-to-maturity investment securities, debt maturities, after five years through ten years, amortized cost		0
Held-to-maturity investment securities, debt maturities, after ten years, amortized cost		237
Held-to-maturity investment securities, amortized cost	[2]	237		173
Available-for-sale investment securities, debt maturities, one year or less, fair value		0
Available-for-sale investment securities, debt maturities, after one year through five years, fair value		2,308
Available-for-sale investment securities, debt maturities, after five years through ten years, fair value		825
Available-for-sale investment securities, debt maturities, after ten years, fair value		0
Available-for-sale investment securities, fair value	[1]	3,133		1,395
Held-to-maturity investment securities, debt maturities, one year or less, fair value		0
Held-to-maturity investment securities, debt maturities, after one year through five years, fair value		0
Held-to-maturity investment securities, debt maturities, after five years through ten years, fair value		0
Held-to-maturity investment securities, debt maturities, after ten years, fair value		233
Held-to-maturity investment securities, fair value	[2]	$ 233		173
Available-for-sale investment securities, debt maturities, one year or less, weighted-average yield	[3]	0.00%
Available-for-sale investment securities, debt maturities, after one year through five years, weighted-average yield	[3]	2.76%
Available-for-sale investment securities, debt maturities, after five years through ten years, weighted-average yield	[3]	2.36%
Available-for-sale investment securities, debt maturities, after ten years, weighted-average yield	[3]	0.00%
Available-for-sale investment securities, weighted-average yield	[3]	2.66%
Held-to-maturity investment securities, debt maturities, one year or less, weighted-average yield		0.00%
Held-to-maturity investment securities, debt maturities, after one year through five years, weighted-average yield		0.00%
Held-to-maturity investment securities, debt maturities, after five years though ten years, weighted-average yield		0.00%
Held-to-maturity investment securities, debt maturities, after ten years, weighted-average yield		2.94%
Held-to-maturity investment securities, weighted-average yield		2.94%
U.S. Treasury Securities [Member]
Investment Holdings [Line Items]
Available-for-sale investment securities, debt maturities, one year or less, amortized cost		$ 0
Available-for-sale investment securities, debt maturities, after one year through five years, amortized cost		2,196
Available-for-sale investment securities, debt maturities, after five years through ten years, amortized cost		363
Available-for-sale investment securities, debt maturities, after ten years, amortized cost		0
Available-for-sale investment securities, amortized cost	[1]	2,559		675
Available-for-sale investment securities, debt maturities, one year or less, fair value		0
Available-for-sale investment securities, debt maturities, after one year through five years, fair value		2,219
Available-for-sale investment securities, debt maturities, after five years through ten years, fair value		367
Available-for-sale investment securities, debt maturities, after ten years, fair value		0
Available-for-sale investment securities, fair value	[1]	$ 2,586		672
Available-for-sale investment securities, debt maturities, one year or less, weighted-average yield	[3]	0.00%
Available-for-sale investment securities, debt maturities, after one year through five years, weighted-average yield	[3]	2.82%
Available-for-sale investment securities, debt maturities, after five years through ten years, weighted-average yield	[3]	2.77%
Available-for-sale investment securities, debt maturities, after ten years, weighted-average yield	[3]	0.00%
Available-for-sale investment securities, weighted-average yield	[3]	2.81%
Residential Mortgage Backed Securities - Agency [Member]
Investment Holdings [Line Items]
Available-for-sale investment securities, debt maturities, one year or less, amortized cost	[4]	$ 0
Available-for-sale investment securities, debt maturities, after one year through five years, amortized cost	[4]	90
Available-for-sale investment securities, debt maturities, after five years through ten years, amortized cost	[4]	469
Available-for-sale investment securities, debt maturities, after ten years, amortized cost	[4]	0
Available-for-sale investment securities, amortized cost	[1]	559	[4]	728
Held-to-maturity investment securities, debt maturities, one year or less, amortized cost	[4]	0
Held-to-maturity investment securities, debt maturities, after one year through five years, amortized cost	[4]	0
Held-to-maturity investment securities, debt maturities, after five years through ten years, amortized cost	[4]	0
Held-to-maturity investment securities, debt maturities, after ten years, amortized cost	[4]	237
Held-to-maturity investment securities, amortized cost	[2],[5]	237	[4]	172
Available-for-sale investment securities, debt maturities, one year or less, fair value	[4]	0
Available-for-sale investment securities, debt maturities, after one year through five years, fair value	[4]	89
Available-for-sale investment securities, debt maturities, after five years through ten years, fair value	[4]	458
Available-for-sale investment securities, debt maturities, after ten years, fair value	[4]	0
Available-for-sale investment securities, fair value	[1]	547	[4]	723
Held-to-maturity investment securities, debt maturities, one year or less, fair value	[4]	0
Held-to-maturity investment securities, debt maturities, after one year through five years, fair value	[4]	0
Held-to-maturity investment securities, debt maturities, after five years through ten years, fair value	[4]	0
Held-to-maturity investment securities, debt maturities, after ten years, fair value	[4]	233
Held-to-maturity investment securities, fair value	[2],[5]	$ 233	[4]	$ 172
Available-for-sale investment securities, debt maturities, one year or less, weighted-average yield	[3]	0.00%
Available-for-sale investment securities, debt maturities, after one year through five years, weighted-average yield	[3]	1.50%
Available-for-sale investment securities, debt maturities, after five years through ten years, weighted-average yield	[3]	2.04%
Available-for-sale investment securities, debt maturities, after ten years, weighted-average yield	[3]	0.00%
Available-for-sale investment securities, weighted-average yield	[3]	1.95%
Held-to-maturity investment securities, debt maturities, one year or less, weighted-average yield		0.00%
Held-to-maturity investment securities, debt maturities, after one year through five years, weighted-average yield		0.00%
Held-to-maturity investment securities, debt maturities, after five years though ten years, weighted-average yield		0.00%
Held-to-maturity investment securities, debt maturities, after ten years, weighted-average yield		2.94%
Held-to-maturity investment securities, weighted-average yield		2.94%

[1]	Available-for-sale investment securities are reported at fair value.
[2]	Held-to-maturity investment securities are reported at amortized cost.
[3]	The weighted-average yield for available-for-sale investment securities is calculated based on the amortized cost.
[4]	Maturities of residential mortgage-backed securities are reflective of the contractual maturities of the investment.
[5]	Amounts represent residential mortgage-backed securities that were classified as held-to-maturity as they were entered into as a part of the Company’s community reinvestment initiatives.

Loan Receivables (Narrative) (D

Loan Receivables (Narrative) (Details) $ in Millions		3 Months Ended								12 Months Ended
Loan Receivables (Narrative) (Details) $ in Millions		Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2018USD ($)segment	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan portfolio segments (in segments) \| segment										3
Private student loan forbearance lifetime cap (in months)										12 months
Private student loans including PCI in forbearance		$ 37				$ 29				$ 37	$ 29
Private student loans in forbearance as a percentage of student loans in repayment and forbearance (in percent)		0.70%				0.50%				0.70%	0.50%
Private student loans including PCI in repayment		$ 5,600								$ 5,600
Percentage of defaulted loans that were charged off at the end of the month in which they defaulted (in percent)										36.00%	37.00%	37.00%
Provision for loan losses		800	$ 742	$ 742	$ 751	$ 679	$ 674	$ 640	$ 586	$ 3,035	$ 2,579	$ 1,859
Allowance for loan losses		3,041				2,621				$ 3,041	$ 2,621	$ 2,167	$ 1,869
Net charge-off rate (in percent)	[1]									3.06%	2.70%	2.16%
Personal Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maximum period of payment reduction for the temporary reduced payment program (in months)										12 months
Maximum repayment term for temporary modification programs (in years)										9 years
Maximum repayment term for permanent modification programs (in years)										9 years
Credit Card Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maximum period of payment reduction for the temporary reduced payment program (in months)										12 months
Permanent workout program maturity (in months)										60 months
Interest and fees forgiven due to credit card loan modification program										$ 48	$ 40	$ 34
Provision for loan losses										2,594	2,159	1,579
Allowance for loan losses		2,528				2,147				$ 2,528	$ 2,147	$ 1,790	$ 1,554
Threshold charge-off period for past due accounts (in days)										180 days
Net charge-off rate (in percent)	[1]									3.26%	2.91%	2.34%
PCI Student Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchased credit-impaired loans outstanding balance		1,700				2,200				$ 1,700	$ 2,200
Purchased credit-impaired loans	[2]	1,637				2,084				1,637	2,084
Provision for loan losses										0	0	$ 0
Allowance for loan losses		$ 25				$ 29				$ 25	$ 29
Threshold charge-off period for past due accounts (in days)										120 days
Net charge-off rate (in percent)										0.63%	0.71%	0.52%
PCI Student Loans [Member] \| 30 or More Days Delinquent [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Delinquency rate on PCI student loans (in percent)		2.93%				3.24%				2.93%	3.24%
PCI Student Loans [Member] \| 90 or More Days Delinquent [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Delinquency rate on PCI student loans (in percent)		0.78%				0.93%				0.78%	0.93%

[1]	Net charge-off rate represents net charge-off dollars (annualized) divided by average loans for the reporting period.
[2]	Amounts include carrying values of $363 million and $762 million in loans pledged as collateral against the notes issued from The Student Loan Corporation (“SLC”) securitization trusts at December 31, 2018 and 2017, respectively. See Note 5: Credit Card and Student Loan Securitization Activities for additional information.

Loan Receivables (Schedule of L

Loan Receivables (Schedule of Loan Receivables) (Details) - USD ($) $ in Millions		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables		$ 90,512	$ 84,248
Allowance for loan losses		(3,041)	(2,621)	$ (2,167)	$ (1,869)
Net loan receivables		87,471	81,627
Variable Interest Entity, Primary Beneficiary [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables		33,424	31,781
Allowance for loan losses		(1,150)	(998)
Credit Card Securitization Trusts [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit card loans	[1]	33,061	31,019
Allowance for loan losses	[1]	(1,150)	(998)
Sellers' interest		11,050	9,861
Student Loan Securitization Trusts [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchased credit-impaired loans	[2]	363	762
Credit Card Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit card loans	[3]	72,876	67,291
Loan receivables		72,876	67,291
Allowance for loan losses		(2,528)	(2,147)	(1,790)	(1,554)
Credit Card Loans [Member] \| Credit Card Securitization Trusts [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investors' interests		22,000	21,200
Total Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables		15,999	14,873
Total Other Loans [Member] \| Personal Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables		7,454	7,374
Allowance for loan losses		(338)	(301)	(200)	(155)
Total Other Loans [Member] \| Private Student Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables		7,728	7,076
Total Other Loans [Member] \| Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables		817	423
Allowance for loan losses		(6)	(11)	$ (19)	$ (17)
Purchase Credit-Impaired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchased credit-impaired loans	[4]	1,637	2,084
Allowance for loan losses		(25)	(29)
Purchase Credit-Impaired Loans [Member] \| Student Loan Securitization Trusts [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged as collateral		$ 363	$ 762

[1]	The Company maintains its allowance for loan losses at an amount sufficient to absorb probable losses inherent in all loan receivables, which includes all loan receivables in the trusts. Therefore, credit risk associated with the transferred receivables is fully reflected on the Company’s balance sheet in accordance with GAAP.
[2]	The decrease in student loan receivables from December 31, 2017 to December 31, 2018 is due in part to the repayment of remaining debt associated with one trust.
[3]	Amounts include carrying values of $22.0 billion and $21.2 billion in underlying investors’ interest in trust debt at December 31, 2018 and 2017, respectively, and $11.1 billion and $9.9 billion in seller’s interest at December 31, 2018 and 2017, respectively. See Note 5: Credit Card and Student Loan Securitization Activities for additional information.
[4]	Amounts include carrying values of $363 million and $762 million in loans pledged as collateral against the notes issued from The Student Loan Corporation (“SLC”) securitization trusts at December 31, 2018 and 2017, respectively. See Note 5: Credit Card and Student Loan Securitization Activities for additional information.

Loan Receivables (Schedule of D

Loan Receivables (Schedule of Delinquent and Non-Accruing Loans) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		$ 2,049	$ 1,806
Loan receivables, 90 or more days delinquent and accruing		851	754
Loan receivables, total non-accruing		302	233
30-89 Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		1,088	991
90 or More Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		961	815
Credit Card Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		1,772	1,532
Loan receivables, 90 or more days delinquent and accruing	[1]	781	693
Loan receivables, total non-accruing	[2]	266	203
Estimated gross interest income that would have been recorded based on original terms		41	35	$ 31
Credit Card Loans [Member] \| 30-89 Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		885	781
Credit Card Loans [Member] \| 90 or More Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		887	751
Total Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		277	274
Loan receivables, 90 or more days delinquent and accruing		70	61
Loan receivables, total non-accruing		36	30
Total Other Loans [Member] \| 30-89 Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		203	210
Total Other Loans [Member] \| 90 or More Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		74	64
Total Other Loans [Member] \| Personal Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		119	103
Loan receivables, 90 or more days delinquent and accruing	[3]	33	28
Loan receivables, total non-accruing		11	10
Total Other Loans [Member] \| Personal Loans [Member] \| 30-89 Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		84	73
Total Other Loans [Member] \| Personal Loans [Member] \| 90 or More Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		35	30
Total Other Loans [Member] \| Private Student Loans (Excluding PCI) [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		155	167
Loan receivables, 90 or more days delinquent and accruing	[4]	37	33
Loan receivables, total non-accruing		8	2
Total Other Loans [Member] \| Private Student Loans (Excluding PCI) [Member] \| 30-89 Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		117	134
Total Other Loans [Member] \| Private Student Loans (Excluding PCI) [Member] \| 90 or More Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		38	33
Total Other Loans [Member] \| Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		3	4
Loan receivables, 90 or more days delinquent and accruing		0	0
Loan receivables, total non-accruing		17	18
Total Other Loans [Member] \| Other Loans [Member] \| 30-89 Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		2	3
Total Other Loans [Member] \| Other Loans [Member] \| 90 or More Days Delinquent [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, past due		1	1
Entity Loan Modification Program [Member] \| Credit Card Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, 90 or more days delinquent and accruing		116	72
Entity Loan Modification Program [Member] \| Total Other Loans [Member] \| Personal Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, 90 or more days delinquent and accruing		5	5
Entity Loan Modification Program [Member] \| Total Other Loans [Member] \| Private Student Loans (Excluding PCI) [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan receivables, 90 or more days delinquent and accruing		$ 7	$ 5

[1]	Credit card loans that are 90 or more days delinquent and accruing interest include $116 million and $72 million of loans accounted for as TDRs at December 31, 2018 and 2017, respectively.
[2]	The Company estimates that the gross interest income that would have been recorded in accordance with the original terms of non-accruing credit card loans was $41 million, $35 million and $31 million for the years ended December 31, 2018, 2017 and 2016, respectively. The Company does not separately track the amount of gross interest income that would have been recorded in accordance with the original terms of loans. This amount was estimated based on customers’ current balances and most recent interest rates.
[3]	Personal loans that are 90 or more days delinquent and accruing interest include $5 million of loans accounted for as TDRs at December 31, 2018 and 2017.
[4]	Private student loans that are 90 or more days delinquent and accruing interest include $7 million and $5 million of loans accounted for as TDRs at December 31, 2018 and 2017, respectively.

Loan Receivables (Schedule of N

Loan Receivables (Schedule of Net Charge-offs) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Charge Offs [Line Items]
Net charge-offs		$ 2,612	$ 2,119	$ 1,561
Net charge-off rate (in percent)	[1]	3.06%	2.70%	2.16%
Excluding PCI Loans [Member]
Charge Offs [Line Items]
Net charge-offs		$ 2,612	$ 2,119	$ 1,561
Net charge-off rate (in percent)	[1]	3.13%	2.78%	2.24%
Credit Card Loans [Member]
Charge Offs [Line Items]
Net charge-offs		$ 2,213	$ 1,802	$ 1,343
Net charge-off rate (in percent)	[1]	3.26%	2.91%	2.34%
Total Other Loans [Member]
Charge Offs [Line Items]
Net charge-offs		$ 399	$ 317	$ 218
Net charge-off rate (in percent)	[1]	2.58%	2.24%	1.78%
Total Other Loans [Member] \| Personal Loans [Member]
Charge Offs [Line Items]
Net charge-offs		$ 308	$ 231	$ 151
Net charge-off rate (in percent)	[1]	4.15%	3.30%	2.55%
Total Other Loans [Member] \| Private Student Loans (Excluding PCI) [Member]
Charge Offs [Line Items]
Net charge-offs		$ 85	$ 83	$ 67
Net charge-off rate (in percent)	[1]	1.14%	1.21%	1.10%
Total Other Loans [Member] \| Other Loans [Member]
Charge Offs [Line Items]
Net charge-offs		$ 6	$ 3	$ 0
Net charge-off rate (in percent)	[1]	0.98%	0.75%	0.00%

[1]	Net charge-off rate represents net charge-off dollars (annualized) divided by average loans for the reporting period.

Loan Receivables (Schedule of C

Loan Receivables (Schedule of Credit Risk Profile by FICO Score) (Details)		Dec. 31, 2018	Dec. 31, 2017
Credit Card Loans [Member] \| FICO Score, 660 and Above [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
FICO scores as a percentage of class of loan receivables		81.00%	82.00%
Credit Card Loans [Member] \| FICO Score, Less Than 660 Or No Score [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
FICO scores as a percentage of class of loan receivables		19.00%	18.00%
Total Other Loans [Member] \| Personal Loans [Member] \| FICO Score, 660 and Above [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
FICO scores as a percentage of class of loan receivables		94.00%	95.00%
Total Other Loans [Member] \| Personal Loans [Member] \| FICO Score, Less Than 660 Or No Score [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
FICO scores as a percentage of class of loan receivables		6.00%	5.00%
Total Other Loans [Member] \| Private Student Loans (Excluding PCI) [Member] \| FICO Score, 660 and Above [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
FICO scores as a percentage of class of loan receivables	[1]	94.00%	95.00%
Total Other Loans [Member] \| Private Student Loans (Excluding PCI) [Member] \| FICO Score, Less Than 660 Or No Score [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
FICO scores as a percentage of class of loan receivables	[1]	6.00%	5.00%

[1]	PCI loans are discussed under the heading “— Purchased Credit-Impaired Loans.”

Loan Receivables (Schedule of_2

Loan Receivables (Schedule of Changes in the Allowance for Loan Losses) (Details) - USD ($) $ in Millions		3 Months Ended											12 Months Ended
		Dec. 31, 2018		Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018		Dec. 31, 2017		Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018		Dec. 31, 2017		Dec. 31, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, balance at beginning of period						$ 2,621						$ 2,167	$ 2,621		$ 2,167		$ 1,869
Provision for loan losses		$ 800		$ 742	$ 742	751		$ 679		$ 674	$ 640	586	3,035		2,579		1,859
Charge-offs													(3,182)		(2,618)		(2,034)
Recoveries													570		499		473
Net charge-offs													(2,612)		(2,119)		(1,561)
Other	[1]												(3)		(6)
Allowance for loan losses, balance at end of period		3,041						2,621					3,041		2,621		2,167
Student Loans [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, balance at beginning of period	[3]					162	[2]					158	162	[2]	158		143
Provision for loan losses	[3]												95		93		82
Charge-offs	[3]												(97)		(94)		(76)
Recoveries	[3]												12		11		9
Net charge-offs	[3]												(85)		(83)		(67)
Other	[1]												(3)		(6)
Allowance for loan losses, balance at end of period	[3]	169	[2]					162	[2]				169	[2]	162	[2]	158
Credit Card Loans [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, balance at beginning of period						2,147						1,790	2,147		1,790		1,554
Provision for loan losses													2,594		2,159		1,579
Charge-offs													(2,734)		(2,263)		(1,786)
Recoveries													521		461		443
Net charge-offs													(2,213)		(1,802)		(1,343)
Other													0		0
Allowance for loan losses, balance at end of period		2,528						2,147					2,528		2,147		1,790
Total Other Loans [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Net charge-offs													(399)		(317)		(218)
Total Other Loans [Member] \| Personal Loans [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, balance at beginning of period						301						200	301		200		155
Provision for loan losses													345		332		196
Charge-offs													(345)		(258)		(172)
Recoveries													37		27		21
Net charge-offs													(308)		(231)		(151)
Other													0		0
Allowance for loan losses, balance at end of period		338						301					338		301		200
Total Other Loans [Member] \| Other Loans [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, balance at beginning of period						$ 11						$ 19	11		19		17
Provision for loan losses													1		(5)		2
Charge-offs													(6)		(3)		0
Recoveries													0		0		0
Net charge-offs													(6)		(3)		0
Other													0		0
Allowance for loan losses, balance at end of period		$ 6						$ 11					$ 6		$ 11		$ 19

[1]	Net change in reserves on PCI pools having no remaining non-accretable difference.
[2]	Includes both PCI and non-PCI private student loans.
[3]	Includes both PCI and non-PCI private student loans.

Loan Receivables (Schedule of_3

Loan Receivables (Schedule of Net Charge-offs of Interest and Fee Revenues on Loan Receivables) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Abstract]
Interest and fees accrued subsequently charged off, net of recoveries (recorded as a reduction of interest income)	$ 442	$ 353	$ 275
Fees accrued subsequently charged off, net of recoveries (recorded as a reduction to other income)	$ 109	$ 89	$ 69

Loan Receivables (Schedule of A

Loan Receivables (Schedule of Allowance for Loan Losses and Recorded Investment in its Loan Portfolio by Impairment Methodology) (Details) - USD ($) $ in Millions		Dec. 31, 2018		Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, collectively evaluated for impairment in accordance with ASC 450-20		$ 2,646		$ 2,306
Allowance for loan losses, evaluated for impairment in accordance with ASC 310-10-35	[1],[2]	370		286
Total allowance for loan losses		3,041		2,621		$ 2,167	$ 1,869
Recorded investment in loans, collectively evaluated for impairment in accordance with ASC 450-20		86,237		80,547
Recorded investment in loans, evaluated for impairment in accordance with ASC 310-10-35	[1],[2]	2,638		1,617
Loan receivables		90,512		84,248
Financial Asset Acquired with Credit Deterioration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30		25		29
Recorded investment in loans, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30		1,637		2,084
Student Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total allowance for loan losses	[4]	169	[3]	162	[3]	158	143
Total recorded investment	[3]	9,365		9,160
Credit Card Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, collectively evaluated for impairment in accordance with ASC 450-20		2,229		1,921
Allowance for loan losses, evaluated for impairment in accordance with ASC 310-10-35	[1],[2]	299		226
Total allowance for loan losses		2,528		2,147		1,790	1,554
Recorded investment in loans, collectively evaluated for impairment in accordance with ASC 450-20		70,628		65,975
Recorded investment in loans, evaluated for impairment in accordance with ASC 310-10-35	[1],[2]	2,248		1,316
Total recorded investment		72,876		67,291
Loan receivables		72,876		67,291
Unpaid principal balance of modified loans accounted for as troubled debt restructurings		2,000		1,100
Credit Card Loans [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30		0		0
Recorded investment in loans, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30		0		0
Total Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables		15,999		14,873
Total Other Loans [Member] \| Personal Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, collectively evaluated for impairment in accordance with ASC 450-20		292		269
Allowance for loan losses, evaluated for impairment in accordance with ASC 310-10-35	[1],[2]	46		32
Total allowance for loan losses		338		301		200	155
Recorded investment in loans, collectively evaluated for impairment in accordance with ASC 450-20		7,302		7,263
Recorded investment in loans, evaluated for impairment in accordance with ASC 310-10-35	[1],[2]	152		111
Total recorded investment		7,454		7,374
Loan receivables		7,454		7,374
Unpaid principal balance of modified loans accounted for as troubled debt restructurings		152		109
Total Other Loans [Member] \| Personal Loans [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30		0		0
Recorded investment in loans, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30		0		0
Total Other Loans [Member] \| Private Student Loans (Excluding PCI) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, collectively evaluated for impairment in accordance with ASC 450-20		121		112
Allowance for loan losses, evaluated for impairment in accordance with ASC 310-10-35	[1],[2]	23		21
Recorded investment in loans, collectively evaluated for impairment in accordance with ASC 450-20		7,546		6,939
Recorded investment in loans, evaluated for impairment in accordance with ASC 310-10-35	[1],[2]	182		137
Loan receivables		7,728		7,076
Unpaid principal balance of modified loans accounted for as troubled debt restructurings		182		135
Total Other Loans [Member] \| Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, collectively evaluated for impairment in accordance with ASC 450-20		4		4
Allowance for loan losses, evaluated for impairment in accordance with ASC 310-10-35	[1],[2]	2		7
Total allowance for loan losses		6		11		$ 19	$ 17
Recorded investment in loans, collectively evaluated for impairment in accordance with ASC 450-20		761		370
Recorded investment in loans, evaluated for impairment in accordance with ASC 310-10-35	[1],[2]	56		53
Total recorded investment		817		423
Loan receivables		817		423
Total Other Loans [Member] \| Other Loans [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30		0		0
Recorded investment in loans, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30		0		0
PCI Student Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total allowance for loan losses		25		29
Recorded investment in loans, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30	[5]	1,637		2,084
PCI Student Loans [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30		25		29
Recorded investment in loans, acquired with deteriorated credit quality, evaluated in accordance with ASC 310-30		$ 1,637		$ 2,084

[1]	Loan receivables evaluated for impairment in accordance with ASC 310-10-35 include credit card loans, personal loans and student loans collectively evaluated for impairment in accordance with ASC Subtopic 310-40, Receivables, which consists of modified loans accounted for as TDRs. Other loans are individually evaluated for impairment and generally do not represent TDRs.
[2]	The unpaid principal balance of credit card loans was $2.0 billion and $1.1 billion at December 31, 2018 and 2017, respectively. The unpaid principal balance of personal loans was $152 million and $109 million at December 31, 2018 and 2017, respectively. The unpaid principal balance of student loans was $182 million and $135 million at December 31, 2018 and 2017, respectively. All loans accounted for as TDRs have a related allowance for loan losses.
[3]	Includes both PCI and non-PCI private student loans.
[4]	Includes both PCI and non-PCI private student loans.
[5]	Amounts include carrying values of $363 million and $762 million in loans pledged as collateral against the notes issued from The Student Loan Corporation (“SLC”) securitization trusts at December 31, 2018 and 2017, respectively. See Note 5: Credit Card and Student Loan Securitization Activities for additional information.

Loan Receivables (Schedule of T

Loan Receivables (Schedule of Troubled Debt Restructurings) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Credit Card Loans [Member]
Financing Receivable, Modifications [Line Items]
Average recorded investment in loans	[1]	$ 1,737	$ 1,159	$ 1,035
Interest income recognized during period loans were impaired	[1],[2]	180	107	88
Gross interest income that would have been recorded with original terms	[1],[3]	137	86	77
Credit Card Loans [Member] \| Loans no longer in a modification program
Financing Receivable, Modifications [Line Items]
Average recorded investment in loans		430	339	282
Total Other Loans [Member] \| Personal Loans [Member]
Financing Receivable, Modifications [Line Items]
Average recorded investment in loans		130	94	73
Interest income recognized during period loans were impaired	[2]	14	10	8
Gross interest income that would have been recorded with original terms	[3]	6	4	3
Total Other Loans [Member] \| Private Student Loans [Member]
Financing Receivable, Modifications [Line Items]
Average recorded investment in loans		158	113	63
Interest income recognized during period loans were impaired	[2]	13	8	4
Gross interest income that would have been recorded with original terms	[3]	$ 0	$ 0	$ 0

[1]	Includes credit card loans that were modified in TDRs, but are no longer enrolled in a TDR program due to noncompliance with the terms of the modification or due to successful completion of a program after which charging privileges may be reinstated based on customer-level evaluation. The average balance of credit card loans that were no longer enrolled in a TDR program was $430 million, $339 million and $282 million, respectively, for the years ended December 31, 2018, 2017 and 2016.
[2]	The Company does not separately track interest income on loans in modification programs. Amounts shown are estimated by applying an average interest rate to the average loans in the various modification programs.
[3]	The Company does not separately track the amount of additional gross interest income that would have been recorded if the loans in modification programs had not been restructured and interest had instead been recorded in accordance with the original terms. Amounts shown are estimated by applying the difference between the average interest rate earned on non-impaired loans and the average interest rate earned on loans in the modification programs to the average loans in the modification programs.

Loan Receivables (Schedule of_4

Loan Receivables (Schedule of Loans That Entered a Modification Program During the Period) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)accounts	Dec. 31, 2017USD ($)accounts	Dec. 31, 2016USD ($)accounts
Credit Card Loans [Member]
Financing Receivable, Modifications [Line Items]
Accounts that entered a loan modification program during the period, number of accounts (in accounts) \| accounts	268,817	133,139	95,881
Accounts that entered a loan modification program during the period, balances \| $	$ 1,713	$ 776	$ 565
Total Other Loans [Member] \| Personal Loans [Member]
Financing Receivable, Modifications [Line Items]
Accounts that entered a loan modification program during the period, number of accounts (in accounts) \| accounts	8,260	6,567	4,606
Accounts that entered a loan modification program during the period, balances \| $	$ 111	$ 82	$ 52
Total Other Loans [Member] \| Private Student Loans [Member]
Financing Receivable, Modifications [Line Items]
Accounts that entered a loan modification program during the period, number of accounts (in accounts) \| accounts	4,057	3,942	2,792
Accounts that entered a loan modification program during the period, balances \| $	$ 74	$ 69	$ 49

Loan Receivables (Schedule of_5

Loan Receivables (Schedule of Troubled Debt Restructurings That Subsequently Defaulted) (Details) $ in Millions		12 Months Ended
		Dec. 31, 2018USD ($)missed_paymentsaccounts	Dec. 31, 2017USD ($)accounts	Dec. 31, 2016USD ($)accounts
Financing Receivable, Modifications [Line Items]
Amount of missed payments after which a customer defaults from a modification program (in payments) \| missed_payments		2
Credit Card Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings that subsequently defaulted, number of accounts (in accounts) \| accounts	[1],[2]	42,659	34,210	23,388
Troubled debt restructurings that subsequently defaulted, aggregated outstanding balances upon default \| $	[1],[2]	$ 239	$ 183	$ 123
Total Other Loans [Member] \| Personal Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings that subsequently defaulted, number of accounts (in accounts) \| accounts	[1]	2,955	1,915	940
Troubled debt restructurings that subsequently defaulted, aggregated outstanding balances upon default \| $	[1]	$ 40	$ 25	$ 11
Total Other Loans [Member] \| Private Student Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings that subsequently defaulted, number of accounts (in accounts) \| accounts	[3]	1,041	939	777
Troubled debt restructurings that subsequently defaulted, aggregated outstanding balances upon default \| $	[3]	$ 19	$ 16	$ 12
Delinquency days to default (in days)		60 days

[1]	For credit card loans and personal loans, a customer defaults from a modification program after two consecutive missed payments. The outstanding balance upon default is generally the loan balance at the end of the month prior to default.
[2]	Terms revert back to the pre-modification terms for customers who default from a temporary program and charging privileges remain revoked in most cases.
[3]	For student loans, defaults have been defined as loans that are 60 or more days delinquent. The outstanding balance upon default is generally the loan balance at the end of the month prior to default.

Loan Receivables (Schedule of_6

Loan Receivables (Schedule of Changes in Accretable Yield for the Acquired Loans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretable yield, balance at beginning of period	$ 669	$ 796	$ 965
Accretion into interest income	(139)	(159)	(185)
Other changes in expected cash flows	18	32	16
Accretable yield, balance at end of period	$ 548	$ 669	$ 796

Loan Recievables (Schedule of G

Loan Recievables (Schedule of Geographic Distribution of Loan Receivables) (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 90,512	$ 84,248
Credit Card Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 72,876	$ 67,291
Percentage of total loan receivables (in percent)	100.00%	100.00%
Credit Card Loans [Member] \| California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 6,620	$ 6,006
Percentage of total loan receivables (in percent)	9.10%	8.90%
Credit Card Loans [Member] \| Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 6,155	$ 5,664
Percentage of total loan receivables (in percent)	8.40%	8.40%
Credit Card Loans [Member] \| New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 5,040	$ 4,701
Percentage of total loan receivables (in percent)	6.90%	7.00%
Credit Card Loans [Member] \| Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 4,815	$ 4,262
Percentage of total loan receivables (in percent)	6.60%	6.30%
Credit Card Loans [Member] \| Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 3,878	$ 3,624
Percentage of total loan receivables (in percent)	5.30%	5.40%
Credit Card Loans [Member] \| Pennsylvania
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 3,712	$ 3,481
Percentage of total loan receivables (in percent)	5.10%	5.20%
Credit Card Loans [Member] \| Ohio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 3,039	$ 2,838
Percentage of total loan receivables (in percent)	4.20%	4.20%
Credit Card Loans [Member] \| New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 2,661	$ 2,486
Percentage of total loan receivables (in percent)	3.70%	3.70%
Credit Card Loans [Member] \| Georgia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 2,160	$ 1,967
Percentage of total loan receivables (in percent)	3.00%	2.90%
Credit Card Loans [Member] \| Michigan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 2,042	$ 1,893
Percentage of total loan receivables (in percent)	2.80%	2.80%
Credit Card Loans [Member] \| Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 32,754	$ 30,369
Percentage of total loan receivables (in percent)	44.90%	45.20%
Total Other Loans and PCI Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 17,636	$ 16,957
Percentage of total loan receivables (in percent)	100.00%	100.00%
Total Other Loans and PCI Loans [Member] \| California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 1,656	$ 1,579
Percentage of total loan receivables (in percent)	9.40%	9.30%
Total Other Loans and PCI Loans [Member] \| Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 1,071	$ 1,031
Percentage of total loan receivables (in percent)	6.10%	6.10%
Total Other Loans and PCI Loans [Member] \| New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 1,834	$ 1,838
Percentage of total loan receivables (in percent)	10.40%	10.80%
Total Other Loans and PCI Loans [Member] \| Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 838	$ 766
Percentage of total loan receivables (in percent)	4.80%	4.50%
Total Other Loans and PCI Loans [Member] \| Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 1,098	$ 1,048
Percentage of total loan receivables (in percent)	6.20%	6.20%
Total Other Loans and PCI Loans [Member] \| Pennsylvania
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 1,221	$ 1,183
Percentage of total loan receivables (in percent)	6.90%	7.00%
Total Other Loans and PCI Loans [Member] \| Ohio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 698	$ 673
Percentage of total loan receivables (in percent)	4.00%	4.00%
Total Other Loans and PCI Loans [Member] \| New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 925	$ 878
Percentage of total loan receivables (in percent)	5.20%	5.20%
Total Other Loans and PCI Loans [Member] \| Michigan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 560	$ 555
Percentage of total loan receivables (in percent)	3.20%	3.30%
Total Other Loans and PCI Loans [Member] \| Massachusetts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 584	$ 579
Percentage of total loan receivables (in percent)	3.30%	3.40%
Total Other Loans and PCI Loans [Member] \| Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivables	$ 7,151	$ 6,827
Percentage of total loan receivables (in percent)	40.50%	40.20%

Credit Card and Student Loan _3

Credit Card and Student Loan Securitization Activities (Narrative) (Details)	12 Months Ended
	Dec. 31, 2018classestrust
Student Loan Securitization Trusts [Member]
Variable Interest Entity [Line Items]
Number of trusts issuing securities (in trust) \| trust	1
Discover Card Execution Note Trust [Member] \| Credit Card Securitization Trusts [Member]
Variable Interest Entity [Line Items]
Number of classes of securities in debt structure (in classes) \| classes	4

Credit Card and Student Loan _4

Credit Card and Student Loan Securitization Activities (Schedule of Restricted Credit Card Securitized Assets) (Details) - USD ($) $ in Millions		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Restricted cash		$ 1,846	$ 81	$ 95
Allowance for loan losses allocated to securitized loan receivables		(3,041)	(2,621)	$ (2,167)	$ (1,869)
Other		2,215	2,262
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Restricted cash		1,846	81
Allowance for loan losses allocated to securitized loan receivables		(1,150)	(998)
Other		7	5
Variable Interest Entity, Primary Beneficiary [Member] \| Credit Card Securitization Trusts [Member]
Variable Interest Entity [Line Items]
Restricted cash		1,834	26
Investors’ interests held by third-party investors		16,800	16,025
Investors’ interests held by wholly-owned subsidiaries of Discover Bank		5,211	5,133
Seller’s interest		11,050	9,861
Loan receivables	[1]	33,061	31,019
Allowance for loan losses allocated to securitized loan receivables	[1]	(1,150)	(998)
Net loan receivables		31,911	30,021
Other		7	5
Carrying value of assets of consolidated variable interest entities		$ 33,752	$ 30,052

[1]	The Company maintains its allowance for loan losses at an amount sufficient to absorb probable losses inherent in all loan receivables, which includes all loan receivables in the trusts. Therefore, credit risk associated with the transferred receivables is fully reflected on the Company’s balance sheet in accordance with GAAP.

Credit Card and Student Loan _5

Credit Card and Student Loan Securitization Activities (Schedule of Restricted Student Loan Securitized Assets) (Details) - USD ($) $ in Millions		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Variable Interest Entity [Line Items]
Restricted cash		$ 1,846	$ 81	$ 95
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Restricted cash		1,846	81
Variable Interest Entity, Primary Beneficiary [Member] \| Student Loan Securitization Trusts [Member]
Variable Interest Entity [Line Items]
Restricted cash		12	55
Purchased credit-impaired loans	[1]	363	762
Carrying value of assets of consolidated variable interest entities		$ 375	$ 817

[1]	The decrease in student loan receivables from December 31, 2017 to December 31, 2018 is due in part to the repayment of remaining debt associated with one trust.

Premises and Equipment (Narrati

Premises and Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 75	$ 76	$ 77
Amortization expense on capitalized software	$ 67	$ 52	$ 57

Premises and Equipment (Schedul

Premises and Equipment (Schedule of Premises and Equipment) (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 2,398	$ 2,159
Premises and equipment, net	936	825
Land [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	42	42
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	671	641
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	989	916
Software [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	696	560
Less: accumulated depreciation and accumulated amortization of software	(269)	(213)
Premises and Equipment Excluding Software [Member]
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation and accumulated amortization of software	$ (1,193)	$ (1,121)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	Oct. 01, 2018	Oct. 01, 2017	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Line Items]
Goodwill			$ 255	$ 255
Goodwill impairment charge	$ 0	$ 0
Intangible assets impairment charge	$ 0	$ 0
Payment Services [Member]
Goodwill [Line Items]
Goodwill			$ 255	$ 255

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Schedule of Intangible Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, gross carrying amount	$ 77	$ 77
Amortizable intangible assets, accumulated amortization	71	69
Amortizable intangible assets, net book value	6	8
Non-amortizable intangible assets, gross carrying amount and net book value	155	155
Total intangible assets, gross carrying amount	232	232
Total intangible assets, net book value	161	163
Trade Name and Other [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Non-amortizable intangible assets, gross carrying amount and net book value	132	132
International Transaction Processing Rights [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Non-amortizable intangible assets, gross carrying amount and net book value	23	23
Customer Relationships [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, gross carrying amount	69	69
Amortizable intangible assets, accumulated amortization	67	65
Amortizable intangible assets, net book value	2	4
Trade Name and Other [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, gross carrying amount	8	8
Amortizable intangible assets, accumulated amortization	4	4
Amortizable intangible assets, net book value	$ 4	$ 4

Deposits (Narrative) (Details)

Deposits (Narrative) (Details)	12 Months Ended
Deposits (Narrative) (Details)	Dec. 31, 2018channels
Deposits [Abstract]
Deposits source channels (in number of channels)	2

Deposits (Schedule of Interest

Deposits (Schedule of Interest Bearing Deposit Accounts) (Details) - USD ($) $ in Millions		Dec. 31, 2018	Dec. 31, 2017
Deposits [Abstract]
Certificates of deposit in amounts less than $100,000		$ 27,947	$ 23,768
Certificates of deposit in amounts $100,000 or greater	[1]	6,841	5,984
Savings deposits, including money market deposit accounts		32,296	28,413
Total interest-bearing deposits		67,084	58,165
Certificates of deposit equal to or greater than $250,000		$ 1,700	$ 1,400

[1]	Includes $1.7 billion and $1.4 billion in certificates of deposit equal to or greater than $250,000, the Federal Deposit Insurance Corporation (“FDIC”) insurance limit, as of December 31, 2018 and 2017, respectively.

Deposits (Schedule of $100,000

Deposits (Schedule of $100,000 or More Certificates of Deposit Maturities) (Details) - USD ($) $ in Millions		Dec. 31, 2018	Dec. 31, 2017
Deposits [Abstract]
Three months or less		$ 994
Over three months through six months		1,025
Over six months through twelve months		2,459
Over twelve months		2,363
Total	[1]	$ 6,841	$ 5,984

[1]	Includes $1.7 billion and $1.4 billion in certificates of deposit equal to or greater than $250,000, the Federal Deposit Insurance Corporation (“FDIC”) insurance limit, as of December 31, 2018 and 2017, respectively.

Deposits (Schedule of Certifica

Deposits (Schedule of Certificates of Deposit Maturities) (Details) $ in Millions	Dec. 31, 2018USD ($)
Deposits [Abstract]
2,019	$ 15,302
2,020	7,216
2,021	5,202
2,022	2,877
2,023	1,840
Thereafter	2,351
Total	$ 34,788

Long-Term Borrowings (Narrative

Long-Term Borrowings (Narrative) (Details) - Discover Card Master Trust I and Discover Card Execution Note Trust [Member] - Securitized Debt [Member] $ in Millions	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Total commitment of secured credit facilities	$ 6,000
Total used commitment of secured credit facilities	$ 500

Long-Term Borrowings (Schedule

Long-Term Borrowings (Schedule of Long-Term Borrowings and Weighted Average Interest Rates) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2018		Dec. 31, 2017
Debt Instrument [Line Items]
Long-term borrowings		$ 27,228		$ 26,326
Variable Interest Entity, Primary Beneficiary [Member]
Debt Instrument [Line Items]
Long-term borrowings		16,917		16,536
Parent Company [Member]
Debt Instrument [Line Items]
Long-term borrowings		3,089		3,012
Securitized Debt [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Debt Instrument [Line Items]
Long-term borrowings		16,917		16,536
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member]
Debt Instrument [Line Items]
Long-term borrowings		$ 16,720		15,926
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member] \| Fixed-Rate Asset-Backed Securities [Member]
Debt Instrument [Line Items]
Weighted-average interest rate		2.17%
Long-term borrowings	[1]	$ 10,657		8,888
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member] \| Fixed-Rate Asset-Backed Securities [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Interest rate		1.39%
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member] \| Fixed-Rate Asset-Backed Securities [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Interest rate		3.32%
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member] \| Floating-Rate Asset-Backed Securities [Member]
Debt Instrument [Line Items]
Weighted-average interest rate		2.90%
Long-term borrowings	[3]	$ 6,063	[2]	7,038
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member] \| Floating-Rate Asset-Backed Securities [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Interest rate		2.69%
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member] \| Floating-Rate Asset-Backed Securities [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Interest rate		3.11%
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member] \| Floating Rate Asset Backed Securities 1-Month LIBOR Plus Various Basis Points [Member]
Debt Instrument [Line Items]
Interest rate terms		1-month LIBOR + 23 to 60 basis points
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member] \| Floating Rate Asset Backed Securities 1-Month LIBOR Plus Various Basis Points [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		0.23%
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member] \| Floating Rate Asset Backed Securities 1-Month LIBOR Plus Various Basis Points [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		0.60%
Securitized Debt [Member] \| Discover Card Master Trust I and Discover Card Execution Note Trust [Member] \| Floating Rate Asset Backed Securities Commercial Paper Rate Plus 49 Basis Points [Member]
Debt Instrument [Line Items]
Interest rate terms		Commercial paper rate + 49 basis points
Basis spread on variable rate		0.49%
Securitized Debt [Member] \| SLC Private Student Loan Trust [Member]
Debt Instrument [Line Items]
Long-term borrowings		$ 197		610
Securitized Debt [Member] \| SLC Private Student Loan Trust [Member] \| Floating-Rate Asset-Backed Securities [Member]
Debt Instrument [Line Items]
Interest rate		6.50%
Weighted-average interest rate		6.50%
Long-term borrowings	[4]	$ 197	[5]	610
Securitized Debt [Member] \| SLC Private Student Loan Trust [Member] \| Floating Rate Asset Backed Securities Prime Rate Plus 100 Basis Points [Member]
Debt Instrument [Line Items]
Interest rate terms		Prime rate + 100 basis points
Basis spread on variable rate		1.00%
Corporate Debt Securities [Member] \| Parent Company [Member] \| Fixed-Rate Senior Notes [Member]
Debt Instrument [Line Items]
Weighted-average interest rate		4.25%
Long-term borrowings		$ 2,743		2,710
Corporate Debt Securities [Member] \| Parent Company [Member] \| Fixed-Rate Senior Notes [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Interest rate		3.75%
Corporate Debt Securities [Member] \| Parent Company [Member] \| Fixed-Rate Senior Notes [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Interest rate		10.25%
Corporate Debt Securities [Member] \| Parent Company [Member] \| Fixed Rate Retail Notes [Member]
Debt Instrument [Line Items]
Weighted-average interest rate		3.73%
Long-term borrowings		$ 346		302
Corporate Debt Securities [Member] \| Parent Company [Member] \| Fixed Rate Retail Notes [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Interest rate		2.85%
Corporate Debt Securities [Member] \| Parent Company [Member] \| Fixed Rate Retail Notes [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Interest rate		4.60%
Senior Notes [Member] \| Discover Bank [Member] \| Fixed-Rate Senior Bank Notes [Member]
Debt Instrument [Line Items]
Weighted-average interest rate		3.69%
Long-term borrowings	[1]	$ 6,027		6,080
Senior Notes [Member] \| Discover Bank [Member] \| Fixed-Rate Senior Bank Notes [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Interest rate		3.10%
Senior Notes [Member] \| Discover Bank [Member] \| Fixed-Rate Senior Bank Notes [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Interest rate		4.65%
Subordinated Debt [Member] \| Discover Bank [Member] \| Fixed-Rate Subordinated Bank Notes [Member]
Debt Instrument [Line Items]
Weighted-average interest rate		6.32%
Long-term borrowings		$ 1,195		$ 698
Subordinated Debt [Member] \| Discover Bank [Member] \| Fixed-Rate Subordinated Bank Notes [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Interest rate		4.68%
Subordinated Debt [Member] \| Discover Bank [Member] \| Fixed-Rate Subordinated Bank Notes [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Interest rate		8.70%

[1]	The Company uses interest rate swaps to hedge portions of these long-term borrowings against changes in fair value attributable to changes in London Interbank Offered Rate (“LIBOR”). Use of these interest rate swaps impacts carrying value of the debt. See Note 21: Derivatives and Hedging Activities.
[2]	Discover Card Execution Note Trust floating-rate asset-backed securities include issuances with the following interest rate terms: 1-month LIBOR + 23 to 60 basis points and Commercial paper rate + 49 basis points as of December 31, 2018.
[3]	The Company uses interest rate swaps to manage its exposure to changes in interest rates related to future cash flows resulting from interest payments on a portion of these long-term borrowings. There is no impact on debt carrying value from use of these interest rate swaps. See Note 21: Derivatives and Hedging Activities.
[4]	Repayment of this debt is dependent upon the timing of principal and interest payments on the underlying student loans. The date shown represents final maturity date.
[5]	SLC Private Student Loan Trust floating-rate asset-backed securities include an issuance with the following interest rate term: Prime rate + 100 basis points as of December 31, 2018.

Long-Term Borrowings (Schedul_2

Long-Term Borrowings (Schedule of Long-Term Borrowings Maturities) (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
2,019	$ 6,511
2,020	4,707
2,021	3,383
2,022	2,806
2,023	3,328
Thereafter	6,493
Total	$ 27,228	$ 26,326

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans (Narrative) (Details)	12 Months Ended
Stock-Based Compensation Plans (Narrative) (Details)	Dec. 31, 2018USD ($)plansshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans (in plans) \| plans	2
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost \| $	$ 22,000,000
Weighted average period of recognizing unrecognized compensation cost (in years)	10 months
Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost \| $	$ 8,000,000
Weighted average period of recognizing unrecognized compensation cost (in years)	6 months
Award performance period (in years)	3 years
Award vesting period (in years)	3 years
Performance Stock Units [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares per performance stock unit \| shares	1.5
Omnibus Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of shares available for grant (in shares) \| shares	45,000,000
Directors Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares used in calculation of the total number of units available for grant (in shares) \| shares	1,000,000
Annual awards calculation \| $	$ 150,000
Directors Compensation Plan [Member] \| Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of annual awards that shall vest (in percent)	100.00%

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans (Schedule of Stock-Based Compensation Plans Compensation cost, Net of Forfeitures) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost, net of forfeitures	$ 81	$ 75	$ 64
Income tax benefit from compensation cost, net of forfeitures	15	28	24
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost, net of forfeitures	49	44	41
Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost, net of forfeitures	$ 32	$ 31	$ 23

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans (Schedule of Restricted Stock Unit Activity) (Details) - Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options [Roll Forward]
Stock-based compensation, balance at beginning of period, number of units (in units)		2,902,390
Stock-based compensation, granted, number of units (in units)		649,203
Stock-based compensation, conversions to common stock, number of units (in units)		(889,201)
Stock-based compensation, forfeited, number of units (in units)		(55,898)
Stock-based compensation, balance at end of period, number of units (in units)		2,606,494	2,902,390
Stock-based compensation, vested and convertible, number of units		1,263,694
Stock-based compensation, weighted average remaining contractual term (in years)		10 months
Stock-based compensation, vested and convertible, weighted average remaining contractual term (in years)		0 years
Stock-based compensation, aggregate intrinsic value		$ 154	$ 223
Stock-based compensation, vested and convertible, aggregate intrinsic value		$ 75
Unvested stock-based compensation, balance at beginning of period, number of units (in units)	[1]	1,331,170
Unvested stock-based compensation, granted, number of units (in units)		649,203
Unvested stock-based compensation, vested in period, number of units (in units)		(883,317)
Unvested stock-based compensation, forfeited, number of units (in units)		(55,898)
Unvested stock-based compensation, balance at end of period, number of units (in units)	[1]	1,041,158	1,331,170
Unvested stock-based compensation, balance at beginning of period, weighted-average grant-date fair value	[1]	$ 58.74
Unvested stock-based compensation, granted, weighted-average grant-date fair value		77.53	$ 70.62	$ 48.86
Unvested stock-based compensation, vested in period, weighted-average grant-date fair value		60.85
Unvested stock-based compensation, forfeited, weighted-average grant-date fair value		68.17
Unvested stock-based compensation, balance at end of period, weighted-average grant-date fair value	[1]	$ 68.16	$ 58.74

[1]	Unvested RSUs represent awards where recipients have yet to satisfy either explicit vesting terms or retirement-eligibility requirements.

Stock-Based Compensation Plan_5

Stock-Based Compensation Plans (Schedule of Intrinsic Value of RSUs Converted to Common Stock and Grant Date Fair Value of RSUs Vested) (Details) - Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of stock units converted to common stock	$ 67	$ 41	$ 38
Grant-date fair value of stock units vested	$ 54	$ 37	$ 38
Stock-based compensation, granted, weighted-average grant-date fair value	$ 77.53	$ 70.62	$ 48.86

Stock-Based Compensation Plan_6

Stock-Based Compensation Plans (Schedule of Performance Stock Unit Activity) (Details) - Performance Stock Units [Member] - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2018		Dec. 31, 2017	Dec. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options [Roll Forward]
Stock-based compensation, balance at beginning of period, number of units (in units)	[1]	999,999
Stock-based compensation, granted, number of units (in units)		251,579
Stock-based compensation, conversions to common stock, number of units (in units)		(303,492)
Stock-based compensation, forfeited, number of units (in units)		(14,444)
Stock-based compensation, balance at end of period, number of units (in units)	[1]	933,642	[2],[3],[4]	999,999
Stock-based compensation, balance at beginning of period, weighted-average grant-date fair value	[1]	$ 56.82
Stock-based compensation, granted, weighted-average grant-date fair value		77.75		$ 71.17	$ 48.95
Stock-based compensation, conversions to common stock, weighted-average grant-date fair value		57.32
Stock-based compensation, forfeited, weighted-average grant-date fair value		59.87
Stock-based compensation, balance at end of period, weighted-average grant-date fair value	[1]	$ 62.25	[2],[3],[4]	$ 56.82
Stock-based compensation, weighted average remaining contractual term (in years)	[1],[2],[3],[4]	10 months 17 days
Stock-based compensation, aggregate intrinsic value	[1]	$ 55	[2],[3],[4]	$ 77
Performance stock units granted during period that are earned and subject to requisite service period (in units)				243,100	441,370
Performance stock units granted during period that may be earned and subject to requisite service period (in units)		249,172

[1]	All PSUs outstanding at December 31, 2018 and December 31, 2017 are unvested PSUs.
[2]	Includes 243,100 PSUs granted in 2017 that are earned based on the Company’s achievement of EPS during the three-year performance period which ends December 31, 2019 and are subject to the requisite service period which ends February 1, 2020.
[3]	Includes 249,172 PSUs granted in 2018 that may be earned based on the Company’s achievement of EPS during the three-year performance period which ends December 31, 2020 and are subject to the requisite service period which ends February 1, 2021.
[4]	Includes 441,370 PSUs granted in 2016 that are earned based on the Company’s achievement of earnings per share (“EPS”) during the three-year performance period which ends December 31, 2018 and are subject to the requisite service period which ended February 1, 2019.

Stock-Based Compensation Plan_7

Stock-Based Compensation Plans Schedule of Intrinsic Value of PSUs Converted to Common Stock and Grant Date Fair Value of PSUs Vested (Details) - Performance Stock Units [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule of Performance Stock Units Converted to Common Stock [Line Items]
Intrinsic value of stock units converted to common stock	$ 30	$ 27	$ 36
Grant-date fair value of stock units vested	$ 17	$ 18	$ 20
Stock-based compensation, granted, weighted-average grant-date fair value	$ 77.75	$ 71.17	$ 48.95

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected pension plan contributions for 2019	$ 0
Pretax expense associated with the 401(k) matching, fixed employer and transition credit contributions	$ 69	$ 64	$ 59
Fixed Income Securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target asset allocations for 2019 (in percent)	66.00%
Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target asset allocations for 2019 (in percent)	34.00%
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Asset transfers from level 1 to level 2 within the fair value hierarchy	$ 0	0
Asset transfers from level 2 to level 1 within the fair value hierarchy	0	0
Liability transfers from level 1 to level 2 within the fair value hierarchy	0	0
Liability transfers from level 2 to level 1 within the fair value hierarchy	$ 0	$ 0

Employee Benefit Plans (Schedul

Employee Benefit Plans (Schedule of Net Periodic Benefit Cost) (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Service cost, benefits earned during the period	$ 0	$ 0	$ 0
Interest cost on projected benefit obligation	22	23	23
Expected return on plan assets	(26)	(25)	(25)
Net amortization	5	4	4
Net periodic benefit cost	$ 1	$ 2	$ 2

Employee Benefit Plans (Sched_2

Employee Benefit Plans (Schedule of Pretax Amounts Recognized in AOCI Not Recognized as Components of Net Periodic Benefit Cost) (Details) - Pension Plans, Defined Benefit [Member] $ in Millions	Dec. 31, 2018USD ($)
Defined Benefit Plan Disclosure [Line Items]
Prior service credit	$ 2
Net loss	(263)
Total recognized in AOCI	$ (261)

Employee Benefit Plans (Sched_3

Employee Benefit Plans (Schedule of Funded Status and Changes in Benefit Obligations and Fair Value of Plan Assets) (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of benefit obligation:
Benefit obligation at beginning of year	$ 603	$ 546
Interest cost	22	23	$ 23
Actuarial (gain) loss	(57)	54
Benefits paid	(18)	(20)
Benefit obligation at end of year	550	603	546
Reconciliation of fair value of plan assets:
Fair value of plan assets at beginning of year	424	381
Actual return on plan assets	(36)	63
Employer contributions	85	0
Benefits paid	(18)	(20)
Fair value of plan assets at end of year	455	424	$ 381
Unfunded status (recorded in accrued expenses and other liabilities)	$ (95)	$ (179)

Employee Benefit Plans (Sched_4

Employee Benefit Plans (Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost) (Details) - Pension Plans, Defined Benefit [Member]	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation discount rate (in percent)	4.27%	3.68%
Net periodic benefit cost discount rate (in percent)	3.68%	4.29%	4.50%
Net periodic benefit cost expected long-term rate of return on plan assets (in percent)	6.15%	6.50%	6.50%

Employee Benefit Plans (Sched_5

Employee Benefit Plans (Schedule of Pension Plan Assets by Level Within the Fair Value Hierarchy) (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 455	$ 424	$ 381
Net asset allocation (in percent)	100.00%	100.00%
Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 59	$ 0
Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	272	424
Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	65	0
Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	59	0
Domestic Small/Mid Cap Equity Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 6	$ 34
Net asset allocation (in percent)	1.00%	8.00%
Domestic Small/Mid Cap Equity Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0
Domestic Small/Mid Cap Equity Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6	34
Domestic Small/Mid Cap Equity Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Domestic Small/Mid Cap Equity Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Emerging Markets Equity Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 17	$ 34
Net asset allocation (in percent)	4.00%	8.00%
Emerging Markets Equity Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0
Emerging Markets Equity Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	34
Emerging Markets Equity Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Emerging Markets Equity Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	17	0
Global Equity Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 124
Net asset allocation (in percent)	27.00%
Global Equity Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0
Global Equity Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	82
Global Equity Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Global Equity Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	42
Domestic Large Cap Equity Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 7	$ 57
Net asset allocation (in percent)	2.00%	13.00%
Domestic Large Cap Equity Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0
Domestic Large Cap Equity Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7	57
Domestic Large Cap Equity Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Domestic Large Cap Equity Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Long Duration Credit Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 125
Net asset allocation (in percent)	28.00%
Long Duration Credit Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0
Long Duration Credit Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	125
Long Duration Credit Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Long Duration Credit Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Futures Contracts [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 6
Net asset allocation (in percent)	1.00%
Futures Contracts [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0
Futures Contracts [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6
Futures Contracts [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Futures Contracts [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Non-core Fixed Income Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 65
Net asset allocation (in percent)	14.00%
Non-core Fixed Income Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0
Non-core Fixed Income Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Non-core Fixed Income Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	65
Non-core Fixed Income Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
U.S. Treasury Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 59
Net asset allocation (in percent)	13.00%
U.S. Treasury Securities [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 59
U.S. Treasury Securities [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
U.S. Treasury Securities [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
U.S. Treasury Securities [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Stable Value Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 1	$ 1
Net asset allocation (in percent)	0.00%	0.00%
Stable Value Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0
Stable Value Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	1
Stable Value Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Stable Value Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Temporary Investment Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 45	$ 6
Net asset allocation (in percent)	10.00%	2.00%
Temporary Investment Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0
Temporary Investment Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	45	6
Temporary Investment Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Temporary Investment Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	0
Global Low Volatility Equity Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 22
Net asset allocation (in percent)		5.00%
Global Low Volatility Equity Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 0
Global Low Volatility Equity Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		22
Global Low Volatility Equity Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
Global Low Volatility Equity Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
International Core Equity Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 51
Net asset allocation (in percent)		12.00%
International Core Equity Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 0
International Core Equity Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		51
International Core Equity Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
International Core Equity Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
Long Duration Fixed Income Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 219
Net asset allocation (in percent)		52.00%
Long Duration Fixed Income Fund [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 0
Long Duration Fixed Income Fund [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		219
Long Duration Fixed Income Fund [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
Long Duration Fixed Income Fund [Member] \| Net Asset Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 0

Employee Benefit Plans (Sched_6

Employee Benefit Plans (Schedule of Expected Benefit Payments for Next Five Years and Thereafter) (Details) - Pension Plans, Defined Benefit [Member] $ in Millions	Dec. 31, 2018USD ($)
Defined Benefit Plan Disclosure [Line Items]
2,019	$ 15
2,020	16
2,021	17
2,022	19
2,023	20
Following five years thereafter	$ 124

Common and Preferred Stock (Nar

Common and Preferred Stock (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	Oct. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jul. 19, 2018	Dec. 01, 2017
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)		5,700	5,700
Preferred stock, par value per share (in dollars per share)		$ 0.01	$ 0.01
Net proceeds from issuance of preferred stock		$ 0	$ 563	$ 0
Preferred Stock [Member] \| Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)		5,700
Preferred stock, par value per share (in dollars per share)		$ 0.01
Preferred stock, liquidation preference per share		$ 100,000
Depositary shares represented by one preferred stock share		100
Net proceeds from issuance of preferred stock	$ 563
Redemption period of preferred stock following regulatory capital event		90 days
Preferred stock, redemption price per share		$ 100,000
Preferred stock, dividend rate (in percent)		5.50%
Preferred Stock [Member] \| Series C Preferred Stock [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Class of Stock [Line Items]
Preferred stock, dividend variable rate spread to be used after October 30, 2027 (in percent)		3.076%
Preferred Stock [Member] \| Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, redemption amount						$ 575
Deferred issuance costs of redeemed preferred stock			$ 15
Common Stock [Member]
Class of Stock [Line Items]
Share repurchase program, authorized amount					$ 3,000
Number of shares of stock repurchased during the period (in shares)		27,371,072
Value of stock repurchased during the period		$ 2,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Schedule of Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, balance at beginning of period		$ (152)
Cumulative effect of ASU No. 2018-02 adoption		0
Net change in accumulated other comprehensive income (loss), net of tax		25	$ 9	$ (1)
Accumulated other comprehensive income (loss), net of tax, balance at end of period		(156)	(152)
Unrealized (Losses) Gains on Available-for-Sale Investment Securities, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, balance at beginning of period		(5)	(3)	0
Cumulative effect of ASU No. 2018-02 adoption	[1]	(1)
Net change in accumulated other comprehensive income (loss), net of tax		16	(2)	(3)
Accumulated other comprehensive income (loss), net of tax, balance at end of period		10	(5)	(3)
Gains (Losses) on Cash Flow Hedges, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, balance at beginning of period		10	(13)	(20)
Cumulative effect of ASU No. 2018-02 adoption	[1]	3
Net change in accumulated other comprehensive income (loss), net of tax		9	23	7
Accumulated other comprehensive income (loss), net of tax, balance at end of period		22	10	(13)
Losses on Pension Plan, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, balance at beginning of period		(157)	(145)	(140)
Cumulative effect of ASU No. 2018-02 adoption	[1]	(31)
Net change in accumulated other comprehensive income (loss), net of tax		0	(12)	(5)
Accumulated other comprehensive income (loss), net of tax, balance at end of period		(188)	(157)	(145)
AOCI [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, balance at beginning of period		(152)	(161)	(160)
Cumulative effect of ASU No. 2018-02 adoption	[1]	(29)
Net change in accumulated other comprehensive income (loss), net of tax		25	9	(1)
Accumulated other comprehensive income (loss), net of tax, balance at end of period		$ (156)	$ (152)	$ (161)

[1]	Represents the adjustment to AOCI as a result of adoption of ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, in the second quarter of 2018.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Schedule of Other Comprehensive Income Before Reclassifications and Amounts Reclassified from AOCI) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Available-for-sale investment securities, net unrealized holding gains (losses) arising during the period, before tax	$ 23	$ (3)	$ (4)
Available-for-sale investment securities, net unrealized holding gains (losses) arising during the period, tax benefit (expense)	(7)	1	1
Available-for-sale investment securities, net unrealized holding gains (losses) arising during the period, net of tax	16	(2)	(3)
Available-for-sale investment securities, net change, before tax	23	(3)	(4)
Available-for-sale investment securities, net change, tax benefit (expense)	(7)	1	1
Available-for-sale investment securities, net change, net of tax	16	(2)	(3)
Cash flow hedges, net unrealized gains (losses) arising during the period, before tax	17	23	(23)
Cash flow hedges, net unrealized gains (losses) arising during the period, tax benefit (expense)	(4)	(9)	8
Cash flow hedges, net unrealized gains (losses) arising during the period, net of tax	13	14	(15)
Cash flow hedges, amounts reclassified from AOCI, before tax	(6)	15	35
Cash flow hedges, amounts reclassified from AOCI, tax benefit (expense)	2	(6)	(13)
Cash flow hedges, amounts reclassified from AOCI, net of tax	(4)	9	22
Cash flow hedges, net change, before tax	11	38	12
Cash flow hedges, net change, tax benefit (expense)	(2)	(15)	(5)
Cash flow hedges, net change, net of tax	$ 9	23	7
Pension plan, unrealized gains (losses) arising during the period, before tax		(15)	(9)
Pension plan, unrealized gains (losses) arising during the period, tax benefit (expense)		3	4
Pension plan, unrealized gains (losses) arising during the period, net of tax		(12)	(5)
Pension plan, net change, before tax		(15)	(9)
Pension plan, net change, tax benefit (expense)		3	4
Pension plan, net change, net of tax		$ (12)	$ (5)

Other Expense (Schedule of Othe

Other Expense (Schedule of Other Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Component of Other Expense [Abstract]
Postage	$ 86	$ 78	$ 81
Fraud losses and other charges	83	89	98
Supplies	29	39	41
Credit-related inquiry fees	18	17	18
Incentive expense	85	37	24
Other expense	168	164	173
Total other expense	$ 469	$ 424	$ 435

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Change in income tax expense, amount	$ (583)	$ 175
Change in income tax expense, percentage	(40.50%)	13.90%
Change in effective income tax rate	(16.90%)	6.20%
Interest and penalties accrued for unrecognized tax benefits	$ 15	$ 27

Income Taxes (Schedule of Incom

Income Taxes (Schedule of Income Tax Expense) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current Income Tax Expense (Benefit), Continuing Operations [Abstract]
Current, U.S. federal									$ 839	$ 1,056	$ 1,066
Current, U.S. state and local									206	96	149
Total current									1,045	1,152	1,215
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]
Deferred, U.S. federal									(163)	288	45
Deferred, U.S. state and local									(27)	(2)	3
Total deferred									(190)	286	48
Income tax expense	$ 210	$ 247	$ 208	$ 190	$ 512	$ 301	$ 321	$ 304	$ 855	$ 1,438	$ 1,263

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconciliation the Effective Tax Rate to the U.S. Federal Statutory Income Tax Rate) (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017		Dec. 31, 2016
Effective Income Tax Rate Reconciliation, Percent [Abstract]
U.S. federal statutory income tax rate	21.00%	35.00%		35.00%
U.S. state, local and other income taxes, net of U.S. federal income tax benefits	3.60%	3.10%		2.70%
Revaluation of net deferred tax assets and other investments due to tax reform	0.00%	5.10%	[1]	0.00%
Tax credits	(1.30%)	(1.30%)		(1.80%)
Other	0.50%	(1.20%)		(1.40%)
Effective income tax rate	23.80%	40.70%		34.50%

[1]	See Note 3: Investments — Other Investments for a description of these investments.

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Deferred tax assets, allowance for loan losses	$ 730	$ 522
Deferred tax assets, compensation and benefits	65	66
Deferred tax assets, other	44	40
Total deferred tax assets before valuation allowance	839	628
Deferred tax assets, valuation allowance	(1)	(3)
Total deferred tax assets, net of valuation allowance	838	625
Deferred tax liabilities, customer fees and rewards	(159)	(145)
Deferred tax liabilities, depreciation and software amortization	(137)	(109)
Deferred tax liabilities, debt exchange premium	(34)	(41)
Deferred tax liabilities, intangibles	(26)	(24)
Deferred tax liabilities, other	(48)	(53)
Total deferred tax liabilities	(404)	(372)
Net deferred tax assets	$ 434	$ 253	[1]

[1]	The change in net deferred tax assets attributable to the TCJA is reflected on the Consolidated Statements of Cash Flows under “Other, net”.

Income Taxes (Schedule of Rec_2

Income Taxes (Schedule of Reconciliation of Beginning and Ending Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2018		Dec. 31, 2017		Dec. 31, 2016
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits, balance at beginning of period		$ 123	[1]	$ 158	[1]	$ 286
Unrecognized tax benefits, additions, current year tax positions		5		9		13
Unrecognized tax benefits, additions, prior year tax positions		6		23		22
Unrecognized tax benefits, reductions, prior year tax positions		(17)		(41)		(139)
Unrecognized tax benefits, reductions, settlements with taxing authorities		(25)		(25)		(17)
Unrecognized tax benefits, reductions, expired statute of limitations		(9)		(1)		(7)
Unrecognized tax benefits, balance at end of period	[1]	83		123		158
Unrecognized tax benefits that would favorably affect the effective tax rate		$ 74		$ 105		$ 110

[1]	For the years ended December 31, 2018, 2017 and 2016, amounts included $74 million, $105 million and $110 million respectively, of unrecognized tax benefits, which, if recognized, would favorably affect the effective tax rate.

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Basic and Diluted EPS) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended																12 Months Ended
	Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Dec. 31, 2017		Sep. 30, 2017		Jun. 30, 2017		Mar. 31, 2017		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Numerator [Abstract]
Net income	$ 687		$ 720		$ 669		$ 666		$ 387		$ 602		$ 546		$ 564		$ 2,742	$ 2,099	$ 2,393
Preferred stock dividends																	(31)	(37)	(37)
Issuance costs for Series B preferred stock redemption																	0	(15)	0
Net income available to common stockholders																	2,711	2,047	2,356
Income allocated to participating securities																	(22)	(16)	(17)
Net income allocated to common stockholders	$ 681	[1]	$ 699	[1]	$ 663	[1]	$ 646	[1]	$ 359	[1]	$ 589	[1]	$ 532	[1]	$ 551	[1]	2,689	2,031	2,339
Income allocated to participating securities, diluted																	(22)	(16)	(17)
Net income allocated to common stockholders, diluted																	$ 2,689	$ 2,031	$ 2,339
Denominator [Abstract]
Weighted-average shares of common stock outstanding (in shares)																	344	374	405
Effect of dilutive common stock equivalents (in shares)																	1	0	1
Weighted-average shares of common stock outstanding and common stock equivalents (in shares)																	345	374	406
Basic earnings per common share (in dollars per share)	$ 2.04	[1]	$ 2.05	[1]	$ 1.91	[1]	$ 1.82	[1]	$ 0.99	[1]	$ 1.59	[1]	$ 1.41	[1]	$ 1.43	[1]	$ 7.81	$ 5.43	$ 5.77
Diluted earnings per common share (in dollars per share)	$ 2.03	[1]	$ 2.05	[1]	$ 1.91	[1]	$ 1.82	[1]	$ 0.99	[1]	$ 1.59	[1]	$ 1.40	[1]	$ 1.43	[1]	$ 7.79	$ 5.42	$ 5.77

[1]	Because the inputs to net income allocated to common stockholders and earnings per share are calculated using weighted averages for the quarter, the sum of all four quarters may differ from the year to date amounts in the consolidated statements of income.

Capital Adequacy (Narrative) (D

Capital Adequacy (Narrative) (Details) - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Basel III minimum total capital ratio requirement	8.00%
Basel III minimum tier 1 capital ratio requirement	6.00%
Basel III minimum leverage ratio requirement	4.00%
Basel III minimum CET1 ratio requirement	4.50%
Discover Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Basel III minimum total capital ratio requirement	8.00%	8.00%
Basel III minimum tier 1 capital ratio requirement	6.00%	6.00%
Basel III minimum leverage ratio requirement	4.00%	4.00%
Basel III minimum CET1 ratio requirement	4.50%	4.50%
Cash dividends paid to parent company	$ 2.4	$ 1.9	$ 1.8

Capital Adequacy (Schedule of M

Capital Adequacy (Schedule of Minimum and Well-Capitalized Requirements) (Details) - USD ($) $ in Millions		Dec. 31, 2018	Dec. 31, 2017
Compliance with Regulatory Capital Requirements [Line Items]
Total capital to risk-weighted assets, minimum capital requirements, ratio (in percent)		8.00%
Tier I capital to risk-weighted assets, minimum capital requirements, ratio (in percent)		6.00%
Tier I capital to average assets, minimum capital requirements, ratio (in percent)		4.00%
CET1 capital to risk-weighted assets, minimum capital requirements, ratio (in percent)		4.50%
Discover Bank [Member]
Compliance with Regulatory Capital Requirements [Line Items]
Total capital to risk-weighted assets, actual amount		$ 13,106	$ 12,364
Total capital to risk-weighted assets, minimum capital requirements, amount		$ 7,372	$ 6,872
Total capital to risk-weighted assets, minimum capital requirements, ratio (in percent)		8.00%	8.00%
Total capital to risk-weighted assets, capital requirements to be classified as well-capitalized, amount		$ 9,215	$ 8,589
Total capital to risk-weighted assets, capital requirements to be classified as well-capitalized, ratio (in percent)		10.00%	10.00%
Tier I capital to risk-weighted assets, actual amount		$ 10,834	$ 10,533
Tier I capital to risk-weighted assets, minimum capital requirements, amount		$ 5,529	$ 5,154
Tier I capital to risk-weighted assets, minimum capital requirements, ratio (in percent)		6.00%	6.00%
Tier I capital to risk-weighted assets, capital requirements to be classified as well-capitalized, amount		$ 7,372	$ 6,872
Tier I capital to risk-weighted assets, capital requirements to be classified as well-capitalized, ratio (in percent)		8.00%	8.00%
Tier I capital to average assets, actual amount		$ 10,834	$ 10,533
Tier I capital to average assets, minimum capital requirements, amount		$ 4,265	$ 3,912
Tier I capital to average assets, minimum capital requirements, ratio (in percent)		4.00%	4.00%
Tier I capital to average assets, capital requirements to be classified as well-capitalize, amount		$ 5,332	$ 4,890
Tier I capital to average assets, capital requirements to be classified as well-capitalized, ratio (in percent)		5.00%	5.00%
CET1 capital to risk-weighted assets, actual amount		$ 10,834	$ 10,533
CET1 capital to risk-weighted assets, minimum capital requirements, amount		$ 4,147	$ 3,865
CET1 capital to risk-weighted assets, minimum capital requirements, ratio (in percent)		4.50%	4.50%
CET1 capital to risk-weighted assets, capital requirements to be classified as well-capitalized, amount		$ 5,990	$ 5,583
CET1 capital to risk-weighted assets, capital requirements to be classified as well-capitalized, ratio (in percent)		6.50%	6.50%
Parent Company [Member]
Compliance with Regulatory Capital Requirements [Line Items]
Total capital to risk-weighted assets, actual amount		$ 12,532	$ 11,952
Total capital to risk-weighted assets, minimum capital requirements, amount		$ 7,450	$ 6,946
Total capital to risk-weighted assets, minimum capital requirements, ratio (in percent)		8.00%	8.00%
Total capital to risk-weighted assets, capital requirements to be classified as well-capitalized, amount	[1]	$ 9,312	$ 8,683
Total capital to risk-weighted assets, capital requirements to be classified as well-capitalized, ratio (in percent)	[1]	10.00%	10.00%
Tier I capital to risk-weighted assets, actual amount		$ 10,895	$ 10,677
Tier I capital to risk-weighted assets, minimum capital requirements, amount		$ 5,587	$ 5,210
Tier I capital to risk-weighted assets, minimum capital requirements, ratio (in percent)		6.00%	6.00%
Tier I capital to risk-weighted assets, capital requirements to be classified as well-capitalized, amount	[1]	$ 5,587	$ 5,210
Tier I capital to risk-weighted assets, capital requirements to be classified as well-capitalized, ratio (in percent)	[1]	6.00%	6.00%
Tier I capital to average assets, actual amount		$ 10,895	$ 10,677
Tier I capital to average assets, minimum capital requirements, amount		$ 4,308	$ 3,949
Tier I capital to average assets, minimum capital requirements, ratio (in percent)		4.00%	4.00%
CET1 capital to risk-weighted assets, actual amount		$ 10,332	$ 10,114
CET1 capital to risk-weighted assets, minimum capital requirements, amount		$ 4,191	$ 3,907
CET1 capital to risk-weighted assets, minimum capital requirements, ratio (in percent)		4.50%	4.50%
Transition [Member] \| Discover Bank [Member]
Compliance with Regulatory Capital Requirements [Line Items]
Total capital to risk-weighted assets, actual ratio (in percent)	[2]	14.20%	14.40%
Tier I capital to risk-weighted assets, actual ratio (in percent)	[2]	11.80%	12.30%
Tier I capital to average assets, actual ratio (in percent)	[2]	10.20%	10.80%
CET1 capital to risk-weighted assets, actual ratio (in percent)	[2]	11.80%	12.30%
Transition [Member] \| Parent Company [Member]
Compliance with Regulatory Capital Requirements [Line Items]
Total capital to risk-weighted assets, actual ratio (in percent)	[2]	13.50%	13.80%
Tier I capital to risk-weighted assets, actual ratio (in percent)	[2]	11.70%	12.30%
Tier I capital to average assets, actual ratio (in percent)	[2]	10.10%	10.80%
CET1 capital to risk-weighted assets, actual ratio (in percent)	[2]	11.10%	11.60%

[1]	The Basel III rules do not establish well-capitalized thresholds for these measures for bank holding companies. Existing well-capitalized thresholds established in the Federal Reserve’s Regulation Y have been included where available.
[2]	Capital ratios are calculated based on the Basel III Standardized Approach rules, subject to applicable transition provisions.

Commitments, Contingencies an_3

Commitments, Contingencies and Guarantees (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Commitments, Contingencies and Guarantees [Line Items]
Operating lease agreements rent expense	$ 15	$ 14	$ 15
Escrow deposits and settlement withholdings	10	$ 10
Network Alliance [Domain]
Commitments, Contingencies and Guarantees [Line Items]
Maximum potential counterparty exposure	34
Diners Club [Member] \| Merchant Guarantee [Member]
Commitments, Contingencies and Guarantees [Line Items]
Maximum potential counterparty exposure	115
Commitments to Extend Credit [Member]
Commitments, Contingencies and Guarantees [Line Items]
Unused commitments to extend credit for loans	$ 196,400

Commitments, Contingencies an_4

Commitments, Contingencies and Guarantees (Schedule of Lease Commitments) (Details) $ in Millions	Dec. 31, 2018USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,019	$ 13
2,020	11
2,021	10
2,022	8
2,023	8
Thereafter	33
Total minimum lease payments	$ 83

Commitments, Contingencies an_5

Commitments, Contingencies and Guarantees (Schedule of Merchant Chargeback Guarantee) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Merchant Chargeback Guarantees [Member]
Loss Contingencies [Line Items]
Aggregate sales transaction volume	[1]	$ 158,910	$ 143,551	$ 136,413

[1]	Represents period transactions processed on the Discover Network for which a potential liability exists that, in aggregate, can differ from credit card sales volume.

Litigation and Regulatory Mat_2

Litigation and Regulatory Matters (Details) - USD ($) $ in Millions	Jul. 22, 2015	Dec. 31, 2018
Unfavorable Regulatory Action [Member] \| Consumer Financial Protection Bureau Consent Order [Member]
Loss Contingencies [Line Items]
Amount of civil money penalty for CFPB consent order	$ 2.5
Maximum [Member] \| Pending and Threatened Litigation [Member]
Loss Contingencies [Line Items]
Aggregate range of reasonably possible losses		$ 100
Minimum [Member] \| Unfavorable Regulatory Action [Member] \| Consumer Financial Protection Bureau Consent Order [Member]
Loss Contingencies [Line Items]
Aggregate range of reasonably possible losses	$ 16

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale security, par value	$ 549
Available for sale securities, weighted average coupon rate (in percent)	2.81%
Available for sale securities, weighted average remaining maturity (in years)	3 years
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset transfers from level 1 to level 2 within the fair value hierarchy	$ 0	$ 0
Asset transfers from level 2 to level 1 within the fair value hierarchy	0	0
Liability transfers from level 1 to level 2 within the fair value hierarchy	0	0
Liability transfers from level 2 to level 1 within the fair value hierarchy	$ 0	$ 0

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions		Dec. 31, 2018		Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)	[1]	$ 3,133		$ 1,395
U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)	[1]	2,586		672
Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)	[1]	547	[2]	723
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		3,133		1,395
Fair Value, Measurements, Recurring [Member] \| U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		2,586		672
Fair Value, Measurements, Recurring [Member] \| Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		547		723
Fair Value, Measurements, Recurring [Member] \| Interest Rate Swaps [Member] \| Cash Flow Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, assets, fair value	[3]	8		2
Derivative financial instruments, liabilities, fair value	[3]	2		3
Fair Value, Measurements, Recurring [Member] \| Interest Rate Swaps [Member] \| Fair Value Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, assets, fair value	[3]	5		4
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		2,586		672
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member] \| U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		2,586		672
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member] \| Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		0		0
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member] \| Interest Rate Swaps [Member] \| Cash Flow Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, assets, fair value		0		0
Derivative financial instruments, liabilities, fair value		0		0
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member] \| Interest Rate Swaps [Member] \| Fair Value Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, assets, fair value		0		0
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		547		723
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member] \| U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		0		0
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member] \| Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		547		723
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member] \| Interest Rate Swaps [Member] \| Cash Flow Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, assets, fair value	[3]	8		2
Derivative financial instruments, liabilities, fair value	[3]	2		3
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member] \| Interest Rate Swaps [Member] \| Fair Value Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, assets, fair value	[3]	5		4
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		0		0
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		0		0
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of total investment securities at fair value (in dollars)		0		0
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Interest Rate Swaps [Member] \| Cash Flow Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, assets, fair value		0		0
Derivative financial instruments, liabilities, fair value		0		0
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Interest Rate Swaps [Member] \| Fair Value Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, assets, fair value		$ 0		$ 0

[1]	Available-for-sale investment securities are reported at fair value.
[2]	Maturities of residential mortgage-backed securities are reflective of the contractual maturities of the investment.
[3]	Derivative instrument carrying values in an asset or liability position are presented as part of other assets or accrued expenses and other liabilities, respectively, in the Company's consolidated statements of financial condition.

Fair Value Measurements (Sche_2

Fair Value Measurements (Schedule of Financial Instruments Measured at Other Than Fair Value) (Details) - USD ($) $ in Millions		Dec. 31, 2018		Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities	[1]	$ 233		$ 173
States and Political Subdivisions of States [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities	[1]			1
Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities	[1],[2]	233	[3]	172
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities		233		173
Net loan receivables		90,787		85,108
Cash and cash equivalents	[4]	13,299		13,306
Restricted cash	[4]	1,846		81
Accrued interest receivables	[4],[5]	951		818
Time deposits	[6]	34,635		29,848
Long-term borrowings		27,243		26,784
Accrued interest payables	[4],[5]	292		214
Fair Value, Measurements, Nonrecurring [Member] \| Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term borrowings		10,325		10,293
Fair Value, Measurements, Nonrecurring [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term borrowings		16,918		16,491
Fair Value, Measurements, Nonrecurring [Member] \| States and Political Subdivisions of States [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities				1
Fair Value, Measurements, Nonrecurring [Member] \| Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities		233		172
Fair Value, Measurements, Nonrecurring [Member] \| Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities		237		173
Net loan receivables		87,471		81,627
Cash and cash equivalents	[4]	13,299		13,306
Restricted cash	[4]	1,846		81
Accrued interest receivables	[4],[5]	951		818
Time deposits	[6]	34,788		29,752
Long-term borrowings		27,228		26,326
Accrued interest payables	[4],[5]	292		214
Fair Value, Measurements, Nonrecurring [Member] \| Carrying Value [Member] \| Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term borrowings		10,311		9,790
Fair Value, Measurements, Nonrecurring [Member] \| Carrying Value [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term borrowings		16,917		16,536
Fair Value, Measurements, Nonrecurring [Member] \| Carrying Value [Member] \| States and Political Subdivisions of States [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities				1
Fair Value, Measurements, Nonrecurring [Member] \| Carrying Value [Member] \| Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities		237		172
Fair Value, Measurements, Nonrecurring [Member] \| Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities		0		0
Net loan receivables		0		0
Cash and cash equivalents	[4]	13,299		13,306
Restricted cash	[4]	1,846		81
Accrued interest receivables		0		0
Time deposits		0		0
Long-term borrowings		0		0
Accrued interest payables		0		0
Fair Value, Measurements, Nonrecurring [Member] \| Level 1 [Member] \| Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term borrowings		0		0
Fair Value, Measurements, Nonrecurring [Member] \| Level 1 [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term borrowings		0		0
Fair Value, Measurements, Nonrecurring [Member] \| Level 1 [Member] \| States and Political Subdivisions of States [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities				0
Fair Value, Measurements, Nonrecurring [Member] \| Level 1 [Member] \| Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities		0		0
Fair Value, Measurements, Nonrecurring [Member] \| Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities		233		173
Net loan receivables		0		0
Cash and cash equivalents		0		0
Restricted cash		0		0
Accrued interest receivables	[4],[5]	951		818
Time deposits	[6]	34,635		29,848
Long-term borrowings		27,026		26,144
Accrued interest payables	[4],[5]	292		214
Fair Value, Measurements, Nonrecurring [Member] \| Level 2 [Member] \| Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term borrowings		10,325		10,293
Fair Value, Measurements, Nonrecurring [Member] \| Level 2 [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term borrowings		16,701		15,851
Fair Value, Measurements, Nonrecurring [Member] \| Level 2 [Member] \| States and Political Subdivisions of States [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities				1
Fair Value, Measurements, Nonrecurring [Member] \| Level 2 [Member] \| Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities		233		172
Fair Value, Measurements, Nonrecurring [Member] \| Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities		0		0
Net loan receivables		90,787		85,108
Cash and cash equivalents		0		0
Restricted cash		0		0
Accrued interest receivables		0		0
Time deposits		0		0
Long-term borrowings		217		640
Accrued interest payables		0		0
Fair Value, Measurements, Nonrecurring [Member] \| Level 3 [Member] \| Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term borrowings		0		0
Fair Value, Measurements, Nonrecurring [Member] \| Level 3 [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term borrowings		217		640
Fair Value, Measurements, Nonrecurring [Member] \| Level 3 [Member] \| States and Political Subdivisions of States [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities				0
Fair Value, Measurements, Nonrecurring [Member] \| Level 3 [Member] \| Residential Mortgage Backed Securities - Agency [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity investment securities		$ 0		$ 0

[1]	Held-to-maturity investment securities are reported at amortized cost.
[2]	Amounts represent residential mortgage-backed securities that were classified as held-to-maturity as they were entered into as a part of the Company’s community reinvestment initiatives.
[3]	Maturities of residential mortgage-backed securities are reflective of the contractual maturities of the investment.
[4]	The carrying values of these assets and liabilities approximate fair value due to the nature of their liquidity (i.e., due or payable in less than one year).
[5]	Accrued interest receivable and payable carrying values are presented as part of other assets or accrued expenses and other liabilities, respectively, in the Company's consolidated statements of financial condition.
[6]	Excludes deposits without contractually defined maturities for all periods presented.

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)
Derivative [Line Items]
Additional collateral	$ 20
Interest Expense [Member]
Derivative [Line Items]
Cash flow hedge loss to be reclassified to earnings within twelve months	$ 10
Deposits [Member]
Derivative [Line Items]
Initial maximum period for cash flow hedges (in years)	7 years
Securitized Debt [Member]
Derivative [Line Items]
Initial maximum period for cash flow hedges (in years)	7 years

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Schedule of Fair Value and Outstanding Notional Amounts of Derivative Instruments and Related Collateral Balances) (Details) € in Millions, ₨ in Millions, £ in Millions, $ in Millions, $ in Millions		Dec. 31, 2018USD ($)transactions		Dec. 31, 2018GBP (£)transactions	Dec. 31, 2018SGD ($)transactions	Dec. 31, 2018EUR (€)transactions	Dec. 31, 2018INR (₨)transactions	Dec. 31, 2017USD ($)transactions		Dec. 31, 2017GBP (£)transactions	Dec. 31, 2017SGD ($)transactions	Dec. 31, 2017EUR (€)transactions	Dec. 31, 2017INR (₨)transactions
Derivatives, Fair Value [Line Items]
Derivative assets	[1]	$ 13						$ 6
Collateral held, derivative assets	[2]	(8)						(1)
Total net derivative assets		5						5
Derivative liabilities	[1]	2						3
Collateral posted, derivative liabilities	[2]	(2)						(3)
Total net derivative liabilities		0						0
Designated as Hedges [Member] \| Cash Flow Hedges [Member] \| Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Derivative, notional amount		$ 2,450						3,800
Derivative, number of outstanding derivative contracts (in transactions) \| transactions		5		5	5	5	5
Derivative assets		$ 8						2
Derivative liabilities		2						3
Designated as Hedges [Member] \| Fair Value Hedges [Member] \| Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Derivative, notional amount		$ 8,000						7,333
Derivative, number of outstanding derivative contracts (in transactions) \| transactions		10		10	10	10	10
Derivative assets		$ 5						4
Derivative liabilities		0						0
Not Designated as Hedges [Member] \| Foreign Exchange Forward Contracts [Member]
Derivatives, Fair Value [Line Items]
Derivative, notional amount		$ 33	[3]	£ 12	$ 1	€ 9	₨ 464	23	[3]	£ 5	$ 1	€ 7	₨ 464
Derivative, number of outstanding derivative contracts (in transactions) \| transactions		7		7	7	7	7
Derivative assets		$ 0						0
Derivative liabilities		0						0
Not Designated as Hedges [Member] \| When-Issued Mortgage-Backed Contracts [Member]
Derivatives, Fair Value [Line Items]
Derivative, notional amount		$ 79						$ 54
Derivative, number of outstanding derivative contracts (in transactions) \| transactions		1		1	1	1	1	1		1	1	1	1

[1]	In addition to the derivatives disclosed in the table, the Company enters into forward contracts to purchase when-issued mortgage-backed securities as part of its community reinvestment initiatives. At December 31, 2018, the Company had one outstanding contract with a notional amount of $79 million and immaterial fair value. At December 31, 2017, the Company had one outstanding contract with a notional amount of $54 million and immaterial fair value.
[2]	Collateral amounts, which consist of both cash and investment securities, are limited to the related derivative asset/liability balance and do not include excess collateral received/pledged
[3]	The foreign exchange forward contracts have notional amounts of EUR 9 million, GBP 12 million, SGD 1 million and INR 464 million as of December 31, 2018 and notional amounts of EUR 7 million, GBP 5 million, SGD 1 million and INR 464 million as of December 31, 2017.

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities Derivatives and Hedging Activities (Schedule of Hedged Items in Fair Value Hedging Relationship) (Details) - Securitized Debt [Member] $ in Millions	Dec. 31, 2018USD ($)
Schedule of Hedged Items in Fair Value Hedging Relationship [Line Items]
Carrying amount of hedged assets/liabilities	$ 7,893
Cumulative amount of fair value hedging adjustment increasing (decreasing) the carrying amount of hedged assets/liabilities	$ (91)

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities (Schedule of Impact of the Derivative Instruments on Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amounts reclassified from OCI into earnings, cash flow hedges	$ 6	$ (15)	$ (35)
Interest Expense [Member] \| Deposits [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total amounts of income and expense line items presented in the statements of income in which the effects of fair value or cash flow hedges are recorded	(1,238)	(846)	(687)
Interest Expense [Member] \| Deposits [Member] \| Designated as Hedges [Member] \| Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amounts reclassified from OCI into earnings, cash flow hedges	0	(8)	(13)
Gains (losss) on hedged items, fair value hedges	0	0	3
Gains (losses) on interest rate swap, fair value hedges	0	(1)	5
Total gains (losses) on fair value hedges	0	(1)	8
Interest Expense [Member] \| Deposits [Member] \| Not Designated as Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as hedges	0	0	0
Interest Expense [Member] \| Securitized Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total amounts of income and expense line items presented in the statements of income in which the effects of fair value or cash flow hedges are recorded	(901)	(802)	(711)
Interest Expense [Member] \| Securitized Debt [Member] \| Designated as Hedges [Member] \| Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amounts reclassified from OCI into earnings, cash flow hedges	6	(7)	(22)
Gains (losss) on hedged items, fair value hedges	(18)	37	75
Gains (losses) on interest rate swap, fair value hedges	(23)	(28)	(50)
Total gains (losses) on fair value hedges	(41)	9	25
Interest Expense [Member] \| Securitized Debt [Member] \| Not Designated as Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as hedges	0	0	0
Other Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total amounts of income and expense line items presented in the statements of income in which the effects of fair value or cash flow hedges are recorded	97	92	89
Other Income [Member] \| Designated as Hedges [Member] \| Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amounts reclassified from OCI into earnings, cash flow hedges	0	0	0
Gains (losss) on hedged items, fair value hedges	0	0	0
Gains (losses) on interest rate swap, fair value hedges	0	0	0
Total gains (losses) on fair value hedges	0	0	0
Other Income [Member] \| Not Designated as Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as hedges	$ 1	$ (2)	$ 1

Segment Disclosures (Narrative)

Segment Disclosures (Narrative) (Details)	12 Months Ended
Segment Disclosures (Narrative) (Details)	Dec. 31, 2018segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Disclosures (Schedule o

Segment Disclosures (Schedule of Segment Disclosures) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Interest income	$ 2,907	$ 2,781	$ 2,636	$ 2,569	$ 2,556	$ 2,476	$ 2,338	$ 2,278	$ 10,893	$ 9,648	$ 8,616
Interest expense	605	558	507	469	436	426	400	386	2,139	1,648	1,398
Net interest income	2,302	2,223	2,129	2,100	2,120	2,050	1,938	1,892	8,754	8,000	7,218
Provision for loan losses	800	742	742	751	679	674	640	586	3,035	2,579	1,859
Other income	505	501	474	475	494	475	481	447	1,955	1,897	1,881
Other expense	1,110	1,015	984	968	1,036	948	912	885	4,077	3,781	3,584
Income before income tax expense	$ 897	$ 967	$ 877	$ 856	$ 899	$ 903	$ 867	$ 868	3,597	3,537	3,656
Other [Member]
Segment Reporting Information [Line Items]
Interest income									370	199	113
Credit Card Loans [Member]
Segment Reporting Information [Line Items]
Interest income									8,835	7,907	7,155
Provision for loan losses									2,594	2,159	1,579
PCI Student Loans [Member]
Segment Reporting Information [Line Items]
Interest income									139	159	185
Provision for loan losses									0	0	0
Total Other Loans [Member] \| Private Student Loans [Member]
Segment Reporting Information [Line Items]
Interest income									614	523	444
Total Other Loans [Member] \| Personal Loans [Member]
Segment Reporting Information [Line Items]
Interest income									935	860	719
Provision for loan losses									345	332	196
Operating Segments [Member] \| Direct Banking [Member]
Segment Reporting Information [Line Items]
Interest income									10,892	9,648	8,616
Interest expense									2,139	1,648	1,398
Net interest income									8,753	8,000	7,218
Provision for loan losses									3,035	2,586	1,858
Other income									1,645	1,607	1,611
Other expense									3,918	3,629	3,422
Income before income tax expense									3,445	3,392	3,549
Operating Segments [Member] \| Direct Banking [Member] \| Other [Member]
Segment Reporting Information [Line Items]
Interest income									369	199	113
Operating Segments [Member] \| Direct Banking [Member] \| Credit Card Loans [Member]
Segment Reporting Information [Line Items]
Interest income									8,835	7,907	7,155
Operating Segments [Member] \| Direct Banking [Member] \| PCI Student Loans [Member]
Segment Reporting Information [Line Items]
Interest income									139	159	185
Operating Segments [Member] \| Direct Banking [Member] \| Total Other Loans [Member] \| Private Student Loans [Member]
Segment Reporting Information [Line Items]
Interest income									614	523	444
Operating Segments [Member] \| Direct Banking [Member] \| Total Other Loans [Member] \| Personal Loans [Member]
Segment Reporting Information [Line Items]
Interest income									935	860	719
Operating Segments [Member] \| Payment Services [Member]
Segment Reporting Information [Line Items]
Interest income									1	0	0
Interest expense									0	0	0
Net interest income									1	0	0
Provision for loan losses									0	(7)	1
Other income									310	290	270
Other expense									159	152	162
Income before income tax expense									152	145	107
Operating Segments [Member] \| Payment Services [Member] \| Other [Member]
Segment Reporting Information [Line Items]
Interest income									1	0	0
Operating Segments [Member] \| Payment Services [Member] \| Credit Card Loans [Member]
Segment Reporting Information [Line Items]
Interest income									0	0	0
Operating Segments [Member] \| Payment Services [Member] \| PCI Student Loans [Member]
Segment Reporting Information [Line Items]
Interest income									0	0	0
Operating Segments [Member] \| Payment Services [Member] \| Total Other Loans [Member] \| Private Student Loans [Member]
Segment Reporting Information [Line Items]
Interest income									0	0	0
Operating Segments [Member] \| Payment Services [Member] \| Total Other Loans [Member] \| Personal Loans [Member]
Segment Reporting Information [Line Items]
Interest income									$ 0	$ 0	$ 0

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Schedule of Revenue from Contracts with Customers Disaggregated by Business Segment) (Details) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation of Revenue [Line Items]
Discount and interchange revenue, net										$ 1,074	$ 1,052	$ 1,055
Protection products revenue										204	223	239
Transaction processing revenue										178	167	155
Other income subject to ASC 606										97	92	89
Loan fee income										402	363	343
Other income not subject to ASC 606											3
Total other income not subject to ASC 606										402	366	343
Total other income by operating segment		$ 505	$ 501	$ 474	$ 475	$ 494	$ 475	$ 481	$ 447	1,955	1,897	1,881
Customer rewards included in discount and interchange revenue										1,800	1,600	1,400
Deposit product fees reported in net interest income and excluded from other income subject to ASC 606										3	2	2
Accounting Standards Update 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Discount and interchange revenue, net	[1]									1,074	1,052	1,055
Protection products revenue										204	223	239
Transaction processing revenue										178	167	155
Other income subject to ASC 606										97	89	89
Total other income subject to ASC 606	[2]									1,553	1,531	1,538
Operating Segments [Member] \| Direct Banking [Member]
Disaggregation of Revenue [Line Items]
Loan fee income										402	363	343
Other income not subject to ASC 606											3
Total other income not subject to ASC 606										402	366	343
Total other income by operating segment										1,645	1,607	1,611
Operating Segments [Member] \| Direct Banking [Member] \| Accounting Standards Update 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Discount and interchange revenue, net	[1]									1,022	1,009	1,018
Protection products revenue										204	223	239
Transaction processing revenue										0	0	0
Other income subject to ASC 606										17	9	11
Total other income subject to ASC 606	[2]									1,243	1,241	1,268
Operating Segments [Member] \| Payment Services [Member]
Disaggregation of Revenue [Line Items]
Loan fee income										0	0	0
Other income not subject to ASC 606											0
Total other income not subject to ASC 606										0	0	0
Total other income by operating segment										310	290	270
Operating Segments [Member] \| Payment Services [Member] \| Accounting Standards Update 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Discount and interchange revenue, net	[1]									52	43	37
Protection products revenue										0	0	0
Transaction processing revenue										178	167	155
Other income subject to ASC 606										80	80	78
Total other income subject to ASC 606	[2]									$ 310	$ 290	$ 270

[1]	Net of rewards, including Cashback Bonus rewards, of $1.8 billion, $1.6 billion and $1.4 billion for the years ended December 31, 2018, 2017 and 2016, respectively.
[2]	Excludes $3 million, $2 million and $2 million deposit product fees that are reported within net interest income for the years ended December 31, 2018, 2017 and 2016, respectively.

Parent Company Condensed Fina_3

Parent Company Condensed Financial Information (Narrative) (Details)	Dec. 31, 2018
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Threshold for parent company financial information disclosure (in percent)	25.00%

Parent Company Condensed Fina_4

Parent Company Condensed Financial Information (Schedule of Parent Company Condensed Statements of Financial Condition) (Details) - USD ($) $ in Millions		Dec. 31, 2018		Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents		$ 13,299		$ 13,306		$ 11,914
Restricted cash		1,846		81		95
Other assets		2,215		2,262
Total assets		109,553		100,087
Liabilities and Stockholders’ Equity
Non-interest bearing deposit accounts		675		599
Long-term borrowings		27,228		26,326
Accrued expenses and other liabilities		3,436		4,105
Total liabilities		98,423		89,195
Stockholders’ equity		11,130		10,892		11,323	$ 11,275
Total liabilities and stockholders’ equity		109,553		100,087
Parent Company [Member]
Assets
Cash and cash equivalents		1,586	[1]	2,043	[1]	1,901
Restricted cash		20		4		$ 4
Notes receivable from subsidiaries	[2]	821		759
Investments in bank subsidiaries		10,891		10,560
Investments in non-bank subsidiaries		752		1,048
Other assets		676		254
Total assets		14,746		14,668
Liabilities and Stockholders’ Equity
Non-interest bearing deposit accounts		4		2
Short-term borrowings from subsidiaries		240		351
Long-term borrowings		3,089		3,012
Accrued expenses and other liabilities		283		411
Total liabilities		3,616		3,776
Stockholders’ equity		11,130		10,892
Total liabilities and stockholders’ equity		14,746		14,668
Parent Company [Member] \| Discover Bank [Member]
Liabilities and Stockholders’ Equity
Liquidity available to parent from money market deposit account at subsidiary		1,400		2,000
Liquidity available to parent from funds advanced to subsidiary		$ 500		$ 500

[1]	The Parent Company had $1.4 billion and $2.0 billion in a money market deposit account at Discover Bank as of December 31, 2018 and 2017, respectively, which is included in cash and cash equivalents. These funds are available to the Parent for liquidity purposes.
[2]	The Parent Company advanced $500 million to Discover Bank as of December 31, 2018 and 2017, which is included in notes receivable from subsidiaries. These funds are available to the Parent for liquidity purposes.

Parent Company Condensed Fina_5

Parent Company Condensed Financial Information (Schedule of Parent Company Condensed Statements of Income) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Interest income	$ 2,907	$ 2,781	$ 2,636	$ 2,569	$ 2,556	$ 2,476	$ 2,338	$ 2,278	$ 10,893	$ 9,648	$ 8,616
Interest expense	605	558	507	469	436	426	400	386	2,139	1,648	1,398
Net interest expense	2,302	2,223	2,129	2,100	2,120	2,050	1,938	1,892	8,754	8,000	7,218
Other expense	1,110	1,015	984	968	1,036	948	912	885	4,077	3,781	3,584
Income before income tax benefit and equity in undistributed net income of subsidiaries	897	967	877	856	899	903	867	868	3,597	3,537	3,656
Income tax benefit	(210)	(247)	(208)	(190)	(512)	(301)	(321)	(304)	(855)	(1,438)	(1,263)
Net income	$ 687	$ 720	$ 669	$ 666	$ 387	$ 602	$ 546	$ 564	2,742	2,099	2,393
OCI, net									25	9	(1)
Comprehensive income									2,767	2,108	2,392
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Interest income									67	55	39
Interest expense									189	178	139
Net interest expense									(122)	(123)	(100)
Dividends from bank subsidiaries									2,375	1,895	1,800
Dividends from non-bank subsidiaries									450	15	269
Total income									2,703	1,787	1,969
Other expense									0	0	1
Income before income tax benefit and equity in undistributed net income of subsidiaries									2,703	1,787	1,968
Income tax benefit									33	40	40
Equity in undistributed net income of subsidiaries									6	272	385
Net income									2,742	2,099	2,393
OCI, net									25	9	(1)
Comprehensive income									$ 2,767	$ 2,108	$ 2,392

Parent Company Condensed Fina_6

Parent Company Condensed Financial Information (Schedule of Parent Company Condensed Statements of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended										12 Months Ended
	Dec. 31, 2018		Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017		Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018		Dec. 31, 2017		Dec. 31, 2016
Cash flows from operating activities
Net income	$ 687		$ 720	$ 669	$ 666	$ 387		$ 602	$ 546	$ 564	$ 2,742		$ 2,099		$ 2,393
Adjustments to reconcile net income to net cash provided by operating activities
Deferred income taxes											(190)		286		48
Depreciation and amortization											75		76		77
Changes in assets and liabilities
(Increase) decrease in other assets											(7)		(502)		(187)
Net cash provided by operating activities											5,191		5,208		4,425
Cash flows from investing activities
Net cash used for investing activities											(10,579)		(8,791)		(4,898)
Cash flows from financing activities
Proceeds from issuance of common stock											6		5		7
Maturities and repayment of long-term borrowings											(1,756)		(404)		0
Purchases of treasury stock											(2,065)		(2,081)		(1,908)
Net increase (decrease) in deposits											8,961		6,753		4,453
Proceeds from issuance of preferred stock											0		563		0
Payments on redemption of preferred stock											0		(575)		0
Dividends paid on common and preferred stock											(552)		(527)		(514)
Net cash used for financing activities											7,146		4,961		2,811
(Decrease) increase in cash, cash equivalents and restricted cash											1,758		1,378		2,338
Cash, cash equivalents and restricted cash, at beginning of period					13,387					12,009	13,387		12,009		9,671
Cash, cash equivalents and restricted cash, at end of period	15,145					13,387					15,145		13,387		12,009
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	13,299					13,306					13,299		13,306		11,914
Restricted cash	1,846					81					1,846		81		95
Cash paid during the period for
Cash paid during the period for interest expense											1,847		1,396		1,211
Cash paid during the period for income taxes, net of income tax refunds											650		1,424		1,300
Parent Company [Member]
Cash flows from operating activities
Net income											2,742		2,099		2,393
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed net income of subsidiaries											(6)		(272)		(385)
Stock-based compensation expense											81		75		64
Deferred income taxes											(5)		1		(9)
Depreciation and amortization											34		31		27
Changes in assets and liabilities
(Increase) decrease in other assets											(416)		(54)		10
(Decrease) increase in other liabilities and accrued expenses											(129)		43		52
Net cash provided by operating activities											2,301		1,923		2,152
Cash flows from investing activities
(Increase) decrease in investment in subsidiaries											(3)		0		(1)
Increase in loans to subsidiaries											(62)		(8)		(15)
Net cash used for investing activities											(65)		(8)		(16)
Cash flows from financing activities
Net (decrease) increase in short-term borrowings from subsidiaries											(110)		130		(93)
Proceeds from issuance of common stock											6		5		7
Proceeds from issuance of long-term borrowings											49		1,127		130
Maturities and repayment of long-term borrowings											(6)		(404)		0
Purchases of treasury stock											(2,065)		(2,081)		(1,908)
Net increase (decrease) in deposits											1		(11)		10
Proceeds from issuance of preferred stock											0		563		0
Payments on redemption of preferred stock											0		(575)		0
Dividends paid on common and preferred stock											(552)		(527)		(514)
Net cash used for financing activities											(2,677)		(1,773)		(2,368)
(Decrease) increase in cash, cash equivalents and restricted cash											(441)		142		(232)
Cash, cash equivalents and restricted cash, at beginning of period					$ 2,047					$ 1,905	2,047		1,905		2,137
Cash, cash equivalents and restricted cash, at end of period	1,606					2,047					1,606		2,047		1,905
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	1,586	[1]				2,043	[1]				1,586	[1]	2,043	[1]	1,901
Restricted cash	$ 20					$ 4					20		4		4
Cash paid during the period for
Cash paid during the period for interest expense											156		132		112
Cash paid during the period for income taxes, net of income tax refunds											$ (22)		$ (27)		$ 23

[1]	The Parent Company had $1.4 billion and $2.0 billion in a money market deposit account at Discover Bank as of December 31, 2018 and 2017, respectively, which is included in cash and cash equivalents. These funds are available to the Parent for liquidity purposes.

Quarterly Results (Schedule of

Quarterly Results (Schedule of Quarterly Results) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended																12 Months Ended
	Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Dec. 31, 2017		Sep. 30, 2017		Jun. 30, 2017		Mar. 31, 2017		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Data [Abstract]
Interest income	$ 2,907		$ 2,781		$ 2,636		$ 2,569		$ 2,556		$ 2,476		$ 2,338		$ 2,278		$ 10,893	$ 9,648	$ 8,616
Interest expense	605		558		507		469		436		426		400		386		2,139	1,648	1,398
Net interest income	2,302		2,223		2,129		2,100		2,120		2,050		1,938		1,892		8,754	8,000	7,218
Provision for loan losses	800		742		742		751		679		674		640		586		3,035	2,579	1,859
Other income	505		501		474		475		494		475		481		447		1,955	1,897	1,881
Other expense	1,110		1,015		984		968		1,036		948		912		885		4,077	3,781	3,584
Income before income tax expense	897		967		877		856		899		903		867		868		3,597	3,537	3,656
Income tax expense	210		247		208		190		512		301		321		304		855	1,438	1,263
Net income	687		720		669		666		387		602		546		564		2,742	2,099	2,393
Net income allocated to common stockholders	$ 681	[1]	$ 699	[1]	$ 663	[1]	$ 646	[1]	$ 359	[1]	$ 589	[1]	$ 532	[1]	$ 551	[1]	$ 2,689	$ 2,031	$ 2,339
Basic earnings per common share (in dollars per share)	$ 2.04	[1]	$ 2.05	[1]	$ 1.91	[1]	$ 1.82	[1]	$ 0.99	[1]	$ 1.59	[1]	$ 1.41	[1]	$ 1.43	[1]	$ 7.81	$ 5.43	$ 5.77
Diluted earnings per common share (in dollars per share)	$ 2.03	[1]	$ 2.05	[1]	$ 1.91	[1]	$ 1.82	[1]	$ 0.99	[1]	$ 1.59	[1]	$ 1.40	[1]	$ 1.43	[1]	$ 7.79	$ 5.42	$ 5.77

[1]	Because the inputs to net income allocated to common stockholders and earnings per share are calculated using weighted averages for the quarter, the sum of all four quarters may differ from the year to date amounts in the consolidated statements of income.