OneMain (OMF) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 03, 2015
Document and Entity Information
Entity Registrant Name	Springleaf Holdings, Inc.
Entity Central Index Key	1,584,207
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		134,482,414
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2015		Dec. 31, 2014
Assets
Cash and cash equivalents	$ 3,594		$ 879
Investment securities	2,271		2,935
Net finance receivables:
Personal loans (includes loans of consolidated VIEs of $3.1 billion in 2015 and $1.9 billion in 2014)	4,300		3,831
SpringCastle Portfolio (includes loans of consolidated VIEs of $1.8 billion in 2015 and $2.0 billion in 2014)	1,764		1,979
Real estate loans	573		625
Retail sales finance	33		48
Net finance receivables	6,670		6,483
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $120 million in 2015 and $72 million in 2014)	(180)		(176)
Net finance receivables, less allowance for finance receivable losses	6,490		6,307
Finance receivables held for sale	193		205
Restricted cash and cash equivalents (includes restricted cash and cash equivalents of consolidated VIEs of $320 million in 2015 and $210 million in 2014)	333		218
Other assets	427		485
Total assets	13,308	[1]	11,029
Liabilities and Shareholders' Equity
Long-term debt (includes debt of consolidated VIEs of $4.9 billion in 2015 and $3.6 billion in 2014)	9,676	[2]	8,356
Insurance claims and policyholder liabilities	458		446
Deferred and accrued taxes	116		152
Other liabilities	227		238
Total liabilities	10,477		9,192
Shareholders' equity:
Common stock, par value $.01 per share; 2,000,000,000 shares authorized, 134,482,414 and 114,832,895 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively	1		1
Additional paid-in capital	1,522		529
Accumulated other comprehensive income (loss)	(7)		3
Retained earnings	1,480		1,492
Springleaf Holdings, Inc. shareholders’ equity	2,996		2,025
Non-controlling interests	(165)		(188)
Total shareholders’ equity	2,831		1,837
Total liabilities and shareholders’ equity	$ 13,308		$ 11,029
[1]	As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt as of June 30, 2015.
[2]	The net carrying amount of our long-term debt associated with certain securitizations that were either (1) issued at a premium or discount or (2) revalued at a premium or discount based on its fair value at the time of the Fortress Acquisition or (3) recorded at fair value on a recurring basis in circumstances when the embedded derivative within the securitization structure cannot be separately accounted for at fair value.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions		Jun. 30, 2015		Dec. 31, 2014
Personal loans		$ 4,300		$ 3,831
SpringCastle Portfolio		1,764		1,979
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $120 million in 2015 and $72 million in 2014)		(180)		(176)
Restricted cash and cash equivalents		333		218
Long-term debt		$ 9,676	[1]	$ 8,356
Common stock, par value (usd per share)		$ 0.01		$ 0.01
Common stock, shares authorized		2,000,000,000		2,000,000,000
Common stock, shares issued		134,482,414		114,832,895
Common stock, shares outstanding		134,482,414		114,832,895
Consolidated VIEs
Personal loans		$ 3,100		$ 1,900
SpringCastle Portfolio		1,800		2,000
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $120 million in 2015 and $72 million in 2014)		(120)		(72)
Restricted cash and cash equivalents		320		210
Long-term debt	[2]	$ 4,904		$ 3,630
[1]	The net carrying amount of our long-term debt associated with certain securitizations that were either (1) issued at a premium or discount or (2) revalued at a premium or discount based on its fair value at the time of the Fortress Acquisition or (3) recorded at fair value on a recurring basis in circumstances when the embedded derivative within the securitization structure cannot be separately accounted for at fair value.
[2]	As a result of our early adoption of ASU 2015-03, we reclassified $19 million and $14 million of debt issuance costs related to our long-term debt associated with our securitizations as of June 30, 2015 and December 31, 2014, respectively, from other assets to long-term debt.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Finance charges	$ 408	$ 530	$ 810	$ 1,078
Finance receivables held for sale originated as held for investment	5	3	9	7
Total interest income	413	533	819	1,085
Interest expense	171	192	329	397
Net interest income	242	341	490	688
Provision for finance receivable losses	80	115	167	276
Net interest income after provision for finance receivable losses	162	226	323	412
Other revenues:
Insurance	40	43	76	81
Investment	16	10	33	20
Net loss on repurchases and repayments of debt	0	0	0	(7)
Net gain (loss) on fair value adjustments on debt	0	1	0	(16)
Net gain on sales of real estate loans and related trust assets	0	35	0	90
Other	0	3	(2)	5
Total other revenues	56	92	107	173
Operating expenses:
Salaries and benefits	112	92	205	184
Other operating expenses	75	60	140	118
Insurance losses and loss adjustment expenses	20	19	36	37
Total other expenses	207	171	381	339
Income before provision for (benefit from) income taxes	11	147	49	246
Provision for (benefit from) income taxes	(8)	44	(1)	75
Net income	19	103	50	171
Net income attributable to non-controlling interests	31	31	62	47
Net income (loss) attributable to Springleaf Holdings, Inc.	$ (12)	$ 72	$ (12)	$ 124
Weighted average number of shares outstanding:
Basic	127,411,208	114,788,439	121,253,548	114,788,439
Diluted	127,411,208	115,176,021	121,253,548	115,160,440
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.09)	$ 0.63	$ (0.10)	$ 1.09
Diluted (in dollars per share)	$ (0.09)	$ 0.63	$ (0.10)	$ 1.08

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 19	$ 103	$ 50	$ 171
Other comprehensive income:
Net unrealized gains (losses) on non-credit impaired investment securities	(10)	9	(5)	19
Foreign currency translation adjustments	(1)	0	0	0
Income tax effect:
Net unrealized (gains) losses on non-credit impaired investment securities	4	(3)	2	(7)
Other comprehensive income (loss), net of tax, before reclassification adjustments	(7)	6	(3)	12
Reclassification adjustments included in net income:
Net realized gains on investment securities	(4)	(1)	(10)	(3)
Income tax effect:
Net realized gains on investment securities	1	0	3	1
Reclassification adjustments included in net income, net of tax	(3)	(1)	(7)	(2)
Other comprehensive income (loss), net of tax	(10)	5	(10)	10
Comprehensive income	9	108	40	181
Comprehensive income attributable to non-controlling interests	31	31	62	47
Comprehensive income (loss) attributable to Springleaf Holdings, Inc.	$ (22)	$ 77	$ (22)	$ 134

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Springleaf Holdings, Inc. Shareholders' Equity	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Non-controlling Interests
Balance at Dec. 31, 2013	$ 1,887	$ 1,540	$ 1	$ 524	$ 28	$ 987	$ 347
Common shares issued and outstanding
Share-based compensation expense, net of forfeitures	4	4		4
Change in non-controlling interests:
Distributions declared to joint venture partners	(6)						(6)
Change in net unrealized gains (losses):
Investment securities	10	10			10
Net income	171	124				124	47
Balance at Jun. 30, 2014	2,066	1,678	1	528	38	1,111	388
Balance at Dec. 31, 2014	1,837	2,025	1	529	3	1,492	(188)
Common shares issued and outstanding
Sale of common stock, net of offering costs	976	976		976
Non-cash incentive compensation from Initial Stockholder	15	15		15
Share-based compensation expense, net of forfeitures	4	4		4
Excess tax benefit from share-based compensation	2	2		2
Withholding tax on vested RSUs	(4)	(4)		(4)
Change in non-controlling interests:
Distributions declared to joint venture partners	(39)						(39)
Change in net unrealized gains (losses):
Investment securities	(10)	(10)			(10)
Net income	50	(12)				(12)	62
Balance at Jun. 30, 2015	$ 2,831	$ 2,996	$ 1	$ 1,522	$ (7)	$ 1,480	$ (165)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net income	$ 50	$ 171
Reconciling adjustments:
Provision for finance receivable losses	167	276
Depreciation and amortization	41	(14)
Deferred income tax benefit	(30)	(155)
Non-cash incentive compensation from Initial Stockholder	15	0
Net loss on fair value adjustments on debt	0	16
Net gain on sales of real estate loans and related trust assets	0	(90)
Net loss on repurchases and repayments of debt	0	7
Share-based compensation expense, net of forfeitures	4	4
Other	(13)	(1)
Cash flows due to changes in:
Other assets and other liabilities	(13)	4
Insurance claims and policyholder liabilities	13	18
Taxes receivable and payable	(28)	131
Accrued interest and finance charges	3	(7)
Restricted cash and cash equivalents not reinvested	0	(6)
Net cash provided by operating activities	209	354
Cash flows from investing activities
Finance receivables originated or purchased, net of deferred origination costs	(1,532)	(1,227)
Principal collections on finance receivables	1,227	1,550
Sales and principal collections on finance receivables held for sale originated as held for investment	74	1,080
Available-for-sale investment securities purchased	(209)	(148)
Trading investment securities purchased	(1,318)	(38)
Available-for-sale investment securities called, sold, and matured	223	117
Trading investment securities called, sold, and matured	1,963	12
Change in restricted cash and cash equivalents	(109)	11
Proceeds from sale of real estate owned	10	41
Other, net	0	(1)
Net cash provided by investing activities	329	1,397
Cash flows from financing activities
Proceeds from issuance of long-term debt, net of commissions	1,829	673
Proceeds from issuance of common stock, net of offering costs	976	0
Repayment of long-term debt	(591)	(1,959)
Distributions to joint venture partners	(39)	(6)
Excess tax benefit from share-based compensation	2	0
Net cash provided by (used for) financing activities	2,177	(1,292)
Effect of exchange rate changes on cash and cash equivalents	0	1
Net change in cash and cash equivalents	2,715	460
Cash and cash equivalents at beginning of period	879	431
Cash and cash equivalents at end of period	3,594	891
Supplemental non-cash activities
Transfer of finance receivables to real estate owned	5	33
Transfer of finance receivables held for investment to finance receivables held for sale (prior to deducting allowance for finance receivable losses)	0	1,291
Unsettled investment security purchases and sales	$ 13	$ 0

Business and Summary of Signifi

Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Business and Basis of Presentation	1. Business and Basis of Presentation Springleaf Holdings, Inc. (“SHI” or, collectively with its subsidiaries, whether directly or indirectly owned, “Springleaf,” the “Company,” “we,” “us,” or “our”) is a Delaware corporation, primarily owned by Springleaf Financial Holdings, LLC (the “Initial Stockholder”). At June 30, 2015 , the Initial Stockholder owned approximately 58% of SHI’s common stock. The Initial Stockholder is owned primarily by a private equity fund managed by an affiliate of Fortress Investment Group LLC (“Fortress”) and AIG Capital Corporation, a subsidiary of American International Group, Inc. (“AIG”). As a result of our offering of common stock in May of 2015, the economic interests of Fortress and AIG have been reduced to approximately 55% and 3% , respectively, at June 30, 2015 . See Note 2 for further information on this offering. SHI is a financial services holding company whose principal subsidiary is Springleaf Finance, Inc. (“SFI”). SFI’s principal subsidiary is Springleaf Finance Corporation (“SFC”), a financial services holding company with subsidiaries engaged in the consumer finance and insurance businesses. BASIS OF PRESENTATION We prepared our condensed consolidated financial statements using generally accepted accounting principles in the United States of America (“U.S. GAAP”). These statements are unaudited. The year-end condensed balance sheet data was derived from our audited financial statements, but does not include all disclosures required by U.S. GAAP. The statements include the accounts of SHI, its subsidiaries (all of which are wholly owned, except for certain indirect subsidiaries associated with a joint venture in which we own a 47% equity interest), and variable interest entities (“VIEs”) in which we hold a controlling financial interest and for which we are considered to be the primary beneficiary as of the financial statement date. We eliminated all material intercompany accounts and transactions. We made judgments, estimates, and assumptions that affect amounts reported in our condensed consolidated financial statements and disclosures of contingent assets and liabilities. In management’s opinion, the condensed consolidated financial statements include the normal, recurring adjustments necessary for a fair statement of results. Ultimate results could differ from our estimates. We evaluated the effects of and the need to disclose events that occurred subsequent to the balance sheet date. These statements should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (“ 2014 Annual Report on Form 10-K”). We follow the same significant accounting policies for our interim reporting. To conform to the 2015 presentation, we reclassified certain prior period items as a result of our early adoption of accounting standards update (“ASU”) 2015-03, Interest - Imputation of Interest (“ASU 2015-03”). See Note 3 for further information on the adoption of this ASU. Prior Period Revisions During the fourth quarter of 2014, we discovered that our personal loans and loans included in the SpringCastle Portfolio deemed to be troubled debt restructured (“TDR”) finance receivables were previously incorrectly excluded in the related disclosures of our finance receivables and allowance for finance receivable losses. The applicable prior period amounts have been corrected in Notes 4 and 5 in this report. During the second quarter of 2015, we identified incorrect allocations of our total assets disclosure within the segment footnote. We have evaluated the impact of these errors and concluded that they were not material to any previously issued financial statements, however, we have corrected the previously disclosed periods in Note 16 of this report. We will also correct the prior period segment disclosures presented in our applicable quarterly and annual reports as follows: (dollars in millions) Consumer Real Other Assets* March 31, 2015 $ 5,117 $ 3,613 $ 1,690 December 31, 2014 4,411 4,116 441 September 30, 2014 4,633 3,745 615 June 30, 2014 4,397 6,688 963 December 31, 2013 4,139 8,650 520 * The revised amounts do not reflect the retrospective reclassifications of our debt issuance costs previously recorded in other assets to long-term debt, as a result of our early adoption of ASU 2015-03. During the second quarter of 2015, we discovered that we had not charged-off certain bankrupt accounts in our SpringCastle Portfolio and we identified an error in the calculation of the allowance for our TDR personal loans. As a result of these findings, we recorded an out-of-period adjustment in the second quarter of 2015, which increased provision for finance receivable losses by $8 million , decreased provision for income taxes by $3 million , and decreased basic and diluted earnings per share each by $0.03 for the three and six months ended June 30, 2015.

Significant Transactions

Significant Transactions	6 Months Ended
	Jun. 30, 2015
Significant Transactions [Abstract]
Significant Transactions	2. Significant Transactions PENDING ACQUISITION OF ONEMAIN FINANCIAL On March 2, 2015, SHI entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with CitiFinancial Credit Company (“Citigroup”) to acquire OneMain Financial Holdings, LLC (formerly OneMain Financial Holdings, Inc.) (“OneMain”), which we refer to in this report as the “Proposed Acquisition”. The Stock Purchase Agreement provides that, upon the terms and subject to the conditions set forth therein, SHI will purchase from Citigroup all of the equity of OneMain for an aggregate purchase price of $4.25 billion in cash, which will be adjusted up or down, as applicable, by the amount by which OneMain’s stockholder’s equity as of the closing exceeds or is less than $1.94 billion . The Proposed Acquisition would bring together two branch-based consumer finance companies, with complementary strategies and locations, focused on the non-prime market in the United States. On a combined basis, Springleaf and OneMain have approximately 2,000 branches, with OneMain’s larger geographic footprint covering 43 states. The parties’ respective obligations to consummate the Proposed Acquisition are subject to customary closing conditions, including (i) the expiration or early termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended (the “HSR Act”); (ii) receipt of all consents, authorizations or approvals of all state regulatory authorities governing consumer lending and insurance in various states in which OneMain or any of its subsidiaries operates; (iii) the accuracy of the other party’s representations and warranties as of the closing date; and (iv) compliance by the other party with its covenants and agreements contained in the Stock Purchase Agreement (in the case of clauses (iii) and (iv), subject to customary materiality qualifiers). Under the Stock Purchase Agreement, we are required to take all action necessary to resolve any objection that antitrust enforcement authorities may assert with respect to the Proposed Acquisition, provided that we will not be required to commit or agree to divest, license or hold separate assets of the Company and/or OneMain that account for more than $677 million in revenue of the Company and/or OneMain, as the case may be, for the twelve months ended December 31, 2014. If the Stock Purchase Agreement is terminated as a result of the failure to obtain antitrust approvals, we will be required to pay Citigroup a termination fee of $213 million . Because the Proposed Acquisition is not likely to be a reportable transaction pursuant to the HSR Act, the parties do not plan to file premerger notification forms with the U.S. Department of Justice (the “DOJ”) and the Federal Trade Commission, and therefore are likely not subject to a mandatory HSR waiting period. On March 22, 2015, we were notified by the DOJ, Antitrust Division, that they would be reviewing the Proposed Acquisition from an antitrust perspective and we and OneMain subsequently met with, and provided information to, the DOJ staff on a voluntary basis. Thereafter, both parties received a voluntary request for information from the DOJ. On April 28, 2015, the DOJ also issued a Civil Investigative Demand (“CID”) to both parties. The voluntary request for information and the CID seek documentary materials and information regarding the Proposed Acquisition and the marketplace in which both parties operate. We have responded to the DOJ's request. On June 5, 2015, we, OneMain and the DOJ entered into a timing agreement whereby we and OneMain agreed not to consummate the Proposed Acquisition prior to September 10, 2015, in order to provide the DOJ with a sufficient opportunity to complete its review of the Proposed Acquisition from an antitrust perspective. In addition, we have been contacted by certain state Attorney General's offices, which may seek to coordinate their antitrust review of the Proposed Acquisition with the DOJ. The review of the Proposed Acquisition from an antitrust perspective has not yet been completed. The DOJ and certain state Attorneys General have expressed to us potential concerns with respect to the Proposed Acquisition. We expect to constructively engage with the DOJ and the states in an attempt to resolve any potential concerns. These discussions could result in a delay in the consummation of the Proposed Aquisition beyond the third quarter. EQUITY OFFERING On May 4, 2015 , we completed an offering of 27,864,525 shares of common stock, consisting of 19,417,476 shares of common stock offered by us and 8,447,049 shares of common stock offered by the Initial Stockholder. Citigroup Global Markets Inc., Goldman, Sachs & Co., Barclays Capital Inc., and Credit Suisse Securities (USA) LLC acted as joint book-running managers. The net proceeds from this sale to the Company were approximately $976 million , after deducting the underwriting discounts and commissions and additional offering-related expenses totaling $24 million . We intend to use the net proceeds of the offering, together with cash on hand, the proceeds from the sale of investment securities, and other funding options, to fund the Proposed Acquisition and/or for general corporate purposes, which may include debt repurchases and repayments, capital expenditures and other possible acquisitions. In connection with our initial public offering in October 2013, certain executives of Springleaf received a grant of incentive units in the Initial Stockholder. These incentive units are subject to their continued employment with the Company and provide benefits (in the form of distributions) in the event the Initial Stockholder makes distributions to one or more of its members that exceed certain specified amounts. In connection with the sale of our common stock by the Initial Stockholder, certain of the specified thresholds were satisfied. In accordance with Accounting Standards Codification Topic 710, Compensation-General, we recorded non-cash incentive compensation expense of $15 million in the second quarter of 2015 related to the incentive units.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	3. Recent Accounting Pronouncements ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED Troubled Debt Restructurings In January of 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure , which clarifies when an in substance repossession or foreclosure occurs — that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The ASU requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. The amendments in this ASU became effective prospectively for the Company for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this ASU did not have a material effect on our condensed consolidated financial statements. Debt Issuance Costs In April of 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest , which simplifies the presentation of debt issuance costs. Under this standard, debt issuance costs related to a note shall be reported in the balance sheet as a direct reduction from the face amount of that note. The ASU also clarifies that discount, premium or debt issuance costs shall not be classified as a deferred charge or deferred credit. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued and must be applied retrospectively. We elected to early adopt this ASU as of June 30, 2015 and have applied this ASU retrospectively. On June 30, 2015, we reclassified $32 million of debt issuance costs previously recorded in other assets to long-term debt. After retrospectively applying this new ASU, we also reclassified $29 million of debt issuance costs as of December 31, 2014 from other assets to long-term debt in our condensed consolidated balance sheet. We will continue to report fees paid to access our conduit facilities in other assets. The adoption of this ASU did not have a material effect on our condensed consolidated financial statements. Push Down Accounting In May of 2015, the FASB issued ASU 2015-08, Business Combinations-Pushdown Accounting , to remove Securities and Exchange Commission (the “SEC”) staff guidance on pushdown accounting from the Accounting Standards Codification. The SEC staff had previously rescinded its guidance with the issuance of Staff Accounting Bulletin No. 115 when the FASB issued its own pushdown accounting guidance in November 2014. The ASU is effective immediately. The adoption of this ASU did not have a material effect on our condensed consolidated financial statements. ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED Revenue from Contracts In May of 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which provides a consistent revenue accounting model across industries. In July of 2015, the FASB decided to defer the effective date of the new revenue recognition standard by one year, which would result in the ASU becoming effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Many of our revenue sources are not within the scope of this new standard, and we are evaluating whether the adoption of this ASU for those revenue sources that are in scope will have a material effect on our consolidated financial statements. Consolidation In February of 2015, the FASB issued ASU 2015-02, Consolidation - Amendments to the Consolidation Analysis , which amends the current consolidation guidance and ends the deferral granted to reporting entities with variable interests in investment companies from applying certain prior amendments to the VIE guidance. This ASU is applicable to entities across all industries, particularly those that use limited partnerships as well as entities in any industry that outsource decision making or have historically applied related party tiebreaker in their consolidation analysis and disclosures. The standard is effective for public business entities for annual periods beginning after December 15, 2015. Early adoption is allowed, including in any interim period. We are currently evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. Cloud Computing Software In April of 2015, the FASB issued ASU 2015-05, Intangibles-Goodwill and Other Internal-Use Software , to provide guidance on a customer’s accounting for fees paid in a cloud computing arrangement (“CCA”). Under the new standard, customers will apply the same criteria as vendors to determine whether a CCA contains a software license or is solely a service contract. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. We are currently evaluating the potential impact of adopting this ASU on our consolidated financial statements. Fair Value Measurement Disclosures In May of 2015, the FASB issued ASU 2015-07, Fair Value Measurement , to remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The amendments also remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. We have a few investments for which fair value is measured using the net asset value per share practical expedient. However, application of this ASU will not have a material effect on our consolidated financial statements. Short-Duration Insurance Contracts Disclosures In May of 2015, the FASB issued ASU 2015-09, Disclosures about Short-Duration Contracts , to address enhanced disclosure requirements for insurers relating to short-duration insurance contract claims and unpaid claims liability rollforward for long and short-duration contracts. The disclosures are intended to provide users of financial statements with more transparent information about an insurance entity’s initial claim estimates and subsequent adjustments to those estimates, the methodologies and judgments used to estimate claims, and the timing, frequency, and severity of claims. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. We are currently evaluating the potential impact of adopting the ASU on our consolidated financial statements. Technical Corrections and Improvements In June 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements , to correct differences between original guidance and the Codification, clarify the guidance, correct references and make minor improvements affecting a variety of topics. While most of the amendments are not expected to have a significant effect on practice, some of them could change practice for some entities. The amendments to transition guidance are effective for fiscal years beginning after December 15, 2015; all other changes are effective upon issuance of this ASU. We are currently evaluating the potential impact of this ASU on our consolidated financial statements. We do not believe that any other recently issued, but not yet effective, accounting pronouncements, if adopted, would have a material impact on our consolidated financial statements or disclosures.

Finance Receivables

Finance Receivables	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Finance Receivables	4. Finance Receivables Our finance receivable types include personal loans, the SpringCastle Portfolio, real estate loans, and retail sales finance as defined below: • Personal loans — are secured by consumer goods, automobiles, or other personal property or are unsecured, typically non-revolving with a fixed-rate and a fixed, original term of two to five years . At June 30, 2015 , $2.3 billion of personal loans, or 53% , were secured by collateral consisting of titled personal property (such as automobiles) and $2.0 billion , or 47% , were secured by consumer household goods or other items of personal property or were unsecured. • SpringCastle Portfolio — are loans acquired through a joint venture in which we own a 47% equity interest (the “SpringCastle Portfolio”). These loans include unsecured loans and loans secured by subordinate residential real estate mortgages (which we service as unsecured loans due to the fact that the liens are subordinated to superior ranking security interests). The SpringCastle Portfolio includes both closed-end accounts and open-end lines of credit. These loans are in a liquidating status and vary in substance and form from our originated loans. • Real estate loans — are secured by first or second mortgages on residential real estate, generally have maximum original terms of 360 months , and are considered non-conforming. At June 30, 2015 , $215 million of real estate loans, or 38% , were secured by first mortgages and $358 million , or 62% , were secured by second mortgages. Real estate loans may be closed-end accounts or open-end home equity lines of credit and are primarily fixed-rate products. Since we ceased real estate lending in January of 2012, our real estate loans are in a liquidating status. • Retail sales finance — include retail sales contracts and revolving retail accounts. Retail sales contracts are closed-end accounts that represent a single purchase transaction. Revolving retail accounts are open-end accounts that can be used for financing repeated purchases from the same merchant. Retail sales contracts are secured by the personal property designated in the contract and generally have maximum original terms of 60 months . Revolving retail accounts are secured by the goods purchased and generally require minimum monthly payments based on the amount financed calculated after the most recent purchase or outstanding balances. Our retail sales finance portfolio is also in a liquidating status. Components of net finance receivables by type were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Retail Total June 30, 2015 Gross receivables * $ 5,033 $ 1,730 $ 569 $ 36 $ 7,368 Unearned finance charges and points and fees (840 ) — — (3 ) (843 ) Accrued finance charges 60 34 4 — 98 Deferred origination costs 47 — — — 47 Total $ 4,300 $ 1,764 $ 573 $ 33 $ 6,670 December 31, 2014 Gross receivables * $ 4,493 $ 1,941 $ 621 $ 52 $ 7,107 Unearned finance charges and points and fees (765 ) — (1 ) (5 ) (771 ) Accrued finance charges 58 38 5 1 102 Deferred origination costs 45 — — — 45 Total $ 3,831 $ 1,979 $ 625 $ 48 $ 6,483 * Gross receivables are defined as follows: • finance receivables purchased as a performing receivable — gross finance receivables equal the unpaid principal balance (“UPB”) for interest bearing accounts and the gross remaining contractual payments for precompute accounts; additionally, the remaining unearned discount, net of premium established at the time of purchase, is included in both interest bearing and precompute accounts to reflect the finance receivable balance at its fair value; • finance receivables originated subsequent to the Fortress Acquisition (as defined in the Purchased Credit Impaired Finance Receivables section located in this Note) — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; and • purchased credit impaired finance receivables — gross finance receivables equal the remaining estimated cash flows less the current balance of accretable yield on the purchased credit impaired accounts. Included in the table above are personal loans with a carrying value of $3.1 billion at June 30, 2015 and $1.9 billion at December 31, 2014 and SpringCastle Portfolio loans with a carrying value of $1.8 billion at June 30, 2015 and $2.0 billion at December 31, 2014 associated with securitizations that remain on our balance sheet. Unused lines of credit extended to customers by the Company were as follows: (dollars in millions) June 30, December 31, Personal loans $ 2 $ 1 SpringCastle Portfolio 365 354 Real estate loans 31 31 Total $ 398 $ 386 Unused lines of credit on our personal loans can be suspended if one of the following occurs: (1) the value of the collateral declines significantly; (2) we believe the borrower will be unable to fulfill the repayment obligations; or (3) any other default by the borrower of any material obligation under the agreement occurs. Unused lines of credit on our real estate loans and the SpringCastle Portfolio secured by subordinate residential real estate mortgages can be suspended if one of the following occurs: (1) the value of the real estate declines significantly below the property’s initial appraised value; (2) we believe the borrower will be unable to fulfill the repayment obligations because of a material change in the borrower’s financial circumstances; or (3) any other default by the borrower of any material obligation under the agreement occurs. Unused lines of credit on home equity lines of credit, including the SpringCastle Portfolio secured by subordinate residential real estate mortgages, can be terminated for delinquency. Unused lines of credit on the unsecured loans of the SpringCastle Portfolio can be terminated at our discretion. CREDIT QUALITY INDICATORS We consider the delinquency status and nonperforming status of the finance receivable as our credit quality indicators. We accrue finance charges on revolving retail finance receivables up to the date of charge-off at 180 days past due. Our revolving retail finance receivables that were more than 90 days past due and still accruing finance charges at June 30, 2015 and at December 31, 2014 were immaterial . Our personal loans, SpringCastle Portfolio, and real estate loans do not have finance receivables that were more than 90 days past due and still accruing finance charges. Delinquent Finance Receivables We consider the delinquency status of the finance receivable as our primary credit quality indicator. We monitor delinquency trends to manage our exposure to credit risk. We consider finance receivables 60 days or more past due as delinquent and consider the likelihood of collection to decrease at such time. The following is a summary of net finance receivables by type and by days delinquent: (dollars in millions) Personal SpringCastle Portfolio Real Retail Total June 30, 2015 Net finance receivables: 60-89 days past due $ 37 $ 22 $ 9 $ 1 $ 69 90-119 days past due 28 14 4 — 46 120-149 days past due 21 10 3 — 34 150-179 days past due 19 11 3 — 33 180 days or more past due 2 1 12 — 15 Total delinquent finance receivables 107 58 31 1 197 Current 4,126 1,662 528 31 6,347 30-59 days past due 67 44 14 1 126 Total $ 4,300 $ 1,764 $ 573 $ 33 $ 6,670 December 31, 2014 Net finance receivables: 60-89 days past due $ 37 $ 31 $ 12 $ 1 $ 81 90-119 days past due 30 19 9 — 58 120-149 days past due 24 16 5 1 46 150-179 days past due 21 14 4 — 39 180 days or more past due 2 2 12 — 16 Total delinquent finance receivables 114 82 42 2 240 Current 3,661 1,839 565 45 6,110 30-59 days past due 56 58 18 1 133 Total $ 3,831 $ 1,979 $ 625 $ 48 $ 6,483 Nonperforming Finance Receivables We also monitor finance receivable performance trends to evaluate the potential risk of future credit losses. At 90 days or more past due, we consider our finance receivables to be nonperforming. Once the finance receivables are considered as nonperforming, we consider them to be at increased risk for credit loss. Our performing and nonperforming net finance receivables by type were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Retail Total June 30, 2015 Performing $ 4,230 $ 1,728 $ 551 $ 33 $ 6,542 Nonperforming 70 36 22 — 128 Total $ 4,300 $ 1,764 $ 573 $ 33 $ 6,670 December 31, 2014 Performing $ 3,754 $ 1,928 $ 595 $ 47 $ 6,324 Nonperforming 77 51 30 1 159 Total $ 3,831 $ 1,979 $ 625 $ 48 $ 6,483 PURCHASED CREDIT IMPAIRED FINANCE RECEIVABLES In connection with a joint venture acquisition of the SpringCastle Portfolio (the “SCP Loans”) on April 1, 2013, SHI owns a 47% equity interest in the SCP Loans, certain of which were determined to be credit impaired on the date of purchase. As a result of the significance of the ownership interest acquired by FCFI Acquisition LLC, an affiliate of Fortress (the “Fortress Acquisition”), we revalued our assets and liabilities based on their fair value at the date of the Fortress Acquisition, November 30, 2010, in accordance with business combination standards (“push-down accounting”) and adjusted the carrying value of our finance receivables (the “FA Loans”) to their fair value. We report the carrying amount (which initially was the fair value) of our purchased credit impaired finance receivables in net finance receivables, less allowance for finance receivable losses or in finance receivables held for sale as discussed below. At June 30, 2015 and December 31, 2014 , finance receivables held for sale totaled $193 million and $205 million , respectively. See Note 6 for further information on our finance receivables held for sale, which consist of our non-core real estate loans. Finance receivables held for sale include purchased credit impaired real estate loans, as well as TDR real estate loans. Therefore, we are presenting the financial information for our purchased credit impaired finance receivables and TDR finance receivables combined for finance receivables held for investment and finance receivables held for sale in the tables below. The financial data for the three and six months ended June 30, 2014 related to finance receivables held for sale in the following tables were immaterial since the loans were transferred and sold within the same months. Information regarding our purchased credit impaired finance receivables held for investment and held for sale were as follows: (dollars in millions) SCP Loans FA Loans Total June 30, 2015 Carrying amount, net of allowance (a) $ 279 $ 88 $ 367 Outstanding balance (b) 549 143 692 Allowance for purchased credit impaired finance receivable losses — 5 5 December 31, 2014 Carrying amount, net of allowance (a) $ 340 $ 93 $ 433 Outstanding balance (b) 628 151 779 Allowance for purchased credit impaired finance receivable losses — 5 5 (a) The carrying amount of purchased credit impaired FA Loans at June 30, 2015 and December 31, 2014 includes $64 million and $68 million , respectively, of purchased credit impaired finance receivables held for sale. (b) The outstanding balance of purchased credit impaired FA Loans at June 30, 2015 and December 31, 2014 includes $94 million and $99 million , respectively, of purchased credit impaired finance receivables held for sale. The allowance for purchased credit impaired finance receivable losses at June 30, 2015 and December 31, 2014 , reflected the net carrying value of the purchased credit impaired FA Loans being higher than the present value of the expected cash flows. Changes in accretable yield for purchased credit impaired finance receivables held for investment and held for sale were as follows: (dollars in millions) SCP Loans FA Loans Total Three Months Ended June 30, 2015 Balance at beginning of period $ 505 $ 16 $ 521 Accretion (a) (22 ) (2 ) (24 ) Disposals of finance receivables (b) (9 ) (1 ) (10 ) Balance at end of period $ 474 $ 13 $ 487 Three Months Ended June 30, 2014 Balance at beginning of period $ 294 $ 680 $ 974 Accretion (17 ) (27 ) (44 ) Reclassifications to nonaccretable difference (c) (1 ) — (1 ) Transfers due to finance receivables sold — (21 ) (21 ) Disposals of finance receivables (b) (9 ) (5 ) (14 ) Balance at end of period $ 267 $ 627 $ 894 Six Months Ended June 30, 2015 Balance at beginning of period $ 541 $ 19 $ 560 Accretion (a) (46 ) (5 ) (51 ) Disposals of finance receivables (b) (21 ) (1 ) (22 ) Balance at end of period $ 474 $ 13 $ 487 Six Months Ended June 30, 2014 Balance at beginning of period $ 325 $ 772 $ 1,097 Accretion (37 ) (56 ) (93 ) Reclassifications to nonaccretable difference (c) (1 ) — (1 ) Transfers due to finance receivables sold — (78 ) (78 ) Disposals of finance receivables (b) (20 ) (11 ) (31 ) Balance at end of period $ 267 $ 627 $ 894 (a) Accretion on our purchased credit impaired FA Loans for the three and six months ended June 30, 2015 includes $1 million and $3 million , respectively, of accretion on purchased credit impaired finance receivables held for sale, which is reported as interest income on finance receivables held for sale originated as held for investment. (b) Disposals of finance receivables represent finance charges forfeited due to purchased credit impaired finance receivables charged off during the period. (c) Reclassification to nonaccretable difference represent the decreases in accretion resulting from lower estimated undiscounted cash flows. TROUBLED DEBT RESTRUCTURED FINANCE RECEIVABLES Information regarding TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans SpringCastle Portfolio Real Total June 30, 2015 TDR gross finance receivables (a) (b) $ 28 $ 14 $ 197 $ 239 TDR net finance receivables (c) 27 12 198 237 Allowance for TDR finance receivable losses 7 3 31 41 December 31, 2014 TDR gross finance receivables (a) (b) $ 22 $ 11 $ 196 $ 229 TDR net finance receivables (c) 22 10 196 228 Allowance for TDR finance receivable losses 1 3 32 36 (a) As defined earlier in this Note. (b) TDR real estate loan gross finance receivables at June 30, 2015 and December 31, 2014 include $91 million of TDR finance receivables held for sale. (c) TDR real estate loan net finance receivables at June 30, 2015 and December 31, 2014 include $91 million of TDR finance receivables held for sale. We have no commitments to lend additional funds on our TDR finance receivables. TDR average net receivables held for investment and held for sale and finance charges recognized on TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans SpringCastle Portfolio Real Total Three Months Ended June 30, 2015 TDR average net receivables (a) $ 28 $ 12 $ 198 $ 238 TDR finance charges recognized (b) 1 — 3 4 Three Months Ended June 30, 2014 TDR average net receivables $ 15 $ 4 $ 1,391 $ 1,410 TDR finance charges recognized 1 — 17 18 Six Months Ended June 30, 2015 TDR average net receivables (a) $ 27 $ 11 $ 196 $ 234 TDR finance charges recognized (b) 2 — 6 8 Six Months Ended June 30, 2014 TDR average net receivables $ 14 $ 2 $ 1,409 $ 1,425 TDR finance charges recognized 1 — 35 36 (a) TDR real estate loan average net receivables for the three and six months ended June 30, 2015 include $91 million of TDR average net receivables held for sale. (b) TDR real estate loan finance charges recognized for the three and six months ended June 30, 2015 include $1 million and $2 million , respectively, of interest income on TDR finance receivables held for sale. Information regarding the new volume of the TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans SpringCastle Portfolio Real Total Three Months Ended June 30, 2015 Pre-modification TDR net finance receivables (a) $ 7 $ 2 $ 6 $ 15 Post-modification TDR net finance receivables (b) $ 6 $ 2 $ 7 $ 15 Number of TDR accounts (c) 1,479 213 99 1,791 Three Months Ended June 30, 2014 Pre-modification TDR net finance receivables $ 3 $ 4 $ 79 $ 86 Post-modification TDR net finance receivables $ 4 $ 4 $ 77 $ 85 Number of TDR accounts 891 440 902 2,233 Six Months Ended June 30, 2015 Pre-modification TDR net finance receivables (a) $ 16 $ 4 $ 10 $ 30 Post-modification TDR net finance receivables (b) $ 14 $ 4 $ 11 $ 29 Number of TDR accounts (c) 3,343 408 177 3,928 Six Months Ended June 30, 2014 Pre-modification TDR net finance receivables $ 6 $ 5 $ 182 $ 193 Post-modification TDR net finance receivables $ 6 $ 5 $ 171 $ 182 Number of TDR accounts 1,553 566 1,896 4,015 (a) TDR real estate loan net finance receivables for the three and six months ended June 30, 2015 include $2 million and $3 million , respectively, of pre-modification TDR net finance receivables held for sale. (b) TDR real estate loan net finance receivables for the three and six months ended June 30, 2015 include $2 million and $3 million , respectively, of post-modification TDR net finance receivables held for sale. (c) Number of new TDR real estate loan accounts for the three and six months ended June 30, 2015 includes 35 and 44 , respectively, of new TDR accounts that were held for sale. Net finance receivables held for investment and held for sale that were modified as TDR finance receivables within the previous 12 months and for which there was a default during the period to cause the TDR finance receivables to be considered nonperforming (90 days or more past due) were as follows: (dollars in millions) Personal Loans SpringCastle Portfolio Real Total Three Months Ended June 30, 2015 TDR net finance receivables (a) (b) (c) $ 2 $ 1 $ — $ 3 Number of TDR accounts (b) 457 86 8 551 Three Months Ended June 30, 2014 TDR net finance receivables (a) (c) $ — $ — $ 13 $ 13 Number of TDR accounts 17 — 205 222 Six Months Ended June 30, 2015 TDR net finance receivables (a) (b) $ 2 $ 1 $ 1 $ 4 Number of TDR accounts (b) 514 96 26 636 Six Months Ended June 30, 2014 TDR net finance receivables (a) (c) $ — $ — $ 29 $ 29 Number of TDR accounts 32 — 434 466 (a) Represents the corresponding balance of TDR net finance receivables at the end of the month in which they defaulted. (b) Includes 4 TDR real estate loan accounts totaling less than $1 million that were held for sale for the three months ended June 30, 2015 and 13 TDR real estate loan accounts totaling $1 million that were held for sale for the six months ended June 30, 2015 . (c) TDR personal loans for the three and six months ended June 30, 2014 and TDR real estate loans for the three months ended June 30, 2015 that defaulted during the previous 12 month period were less than $1 million and, therefore, are not quantified in the table above.

Allowance for Finance Receivabl

Allowance for Finance Receivable Losses	6 Months Ended
	Jun. 30, 2015
Loans and Leases Receivable, Allowance [Abstract]
Allowance for Finance Receivable Losses	5. Allowance for Finance Receivable Losses Changes in the allowance for finance receivable losses by finance receivable type were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Retail Consolidated Total Three Months Ended June 30, 2015 Balance at beginning of period $ 134 $ 3 $ 39 $ 1 $ 177 Provision for finance receivable losses 56 23 — 1 80 Charge-offs (59 ) (26 ) (5 ) (1 ) (91 ) Recoveries 10 3 1 — 14 Balance at end of period $ 141 $ 3 $ 35 $ 1 $ 180 Three Months Ended June 30, 2014 Balance at beginning of period $ 102 $ 1 $ 260 $ 3 $ 366 Provision for finance receivable losses 46 40 29 — 115 Charge-offs (48 ) (44 ) (26 ) (2 ) (120 ) Recoveries 7 4 1 — 12 Reduction in the carrying value of real estate loans transferred to finance receivables held for sale (a) — — (5 ) — (5 ) Balance at end of period $ 107 $ 1 $ 259 $ 1 $ 368 Six Months Ended June 30, 2015 Balance at beginning of period $ 132 $ 3 $ 40 $ 1 $ 176 Provision for finance receivable losses 112 50 4 1 167 Charge-offs (121 ) (56 ) (11 ) (2 ) (190 ) Recoveries 18 6 2 1 27 Balance at end of period $ 141 $ 3 $ 35 $ 1 $ 180 Six Months Ended June 30, 2014 Balance at beginning of period $ 95 $ 1 $ 235 $ 2 $ 333 Provision for finance receivable losses 93 93 88 2 276 Charge-offs (92 ) (101 ) (54 ) (3 ) (250 ) Recoveries (b) 11 8 5 — 24 Reduction in the carrying value of real estate loans transferred to finance receivables held for sale (a) — — (15 ) — (15 ) Balance at end of period $ 107 $ 1 $ 259 $ 1 $ 368 (a) During the three and six months ended June 30, 2014 , we reduced the carrying value of certain real estate loans to $451 million and $1.3 billion , respectively, as a result of the transfer of these loans from finance receivables held for investment to finance receivables held for sale due to management’s intent to no longer hold these finance receivables for the foreseeable future. (b) Recoveries during the six months ended June 30, 2014 included $2 million of real estate loan recoveries resulting from a sale of previously charged-off real estate loans in March of 2014. Included in the allowance for finance receivable losses are allowances associated with securitizations that totaled $120 million at June 30, 2015 and $72 million at December 31, 2014 . See Note 10 for further discussion regarding our securitization transactions. The carrying value charged-off for purchased credit impaired loans was as follows: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Charged-off against provision for finance receivable losses: SCP Loans $ 6 $ 13 $ 13 $ 32 FA Loans gross charge-offs * 1 7 1 13 * Represents additional impairment recognized, subsequent to the establishment of the pools of purchased credit impaired loans, related to loans that have been foreclosed and transferred to real estate owned status. The allowance for finance receivable losses and net finance receivables by type and by impairment method were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Retail Total June 30, 2015 Allowance for finance receivable losses for finance receivables: Collectively evaluated for impairment $ 134 $ — $ — $ 1 $ 135 Acquired with deteriorated credit quality (purchased credit impaired finance receivables) — — 4 — 4 Individually evaluated for impairment (TDR finance receivables) 7 3 31 — 41 Total $ 141 $ 3 $ 35 $ 1 $ 180 Finance receivables: Collectively evaluated for impairment $ 4,273 $ 1,473 $ 346 $ 33 $ 6,125 Purchased credit impaired finance receivables — 279 29 — 308 TDR finance receivables 27 12 198 — 237 Total $ 4,300 $ 1,764 $ 573 $ 33 $ 6,670 December 31, 2014 Allowance for finance receivable losses for finance receivables: Collectively evaluated for impairment $ 131 $ — $ 3 $ 1 $ 135 Purchased credit impaired finance receivables — — 5 — 5 TDR finance receivables 1 3 32 — 36 Total $ 132 $ 3 $ 40 $ 1 $ 176 Finance receivables: Collectively evaluated for impairment $ 3,809 $ 1,629 $ 490 $ 48 $ 5,976 Purchased credit impaired finance receivables — 340 30 — 370 TDR finance receivables 22 10 105 — 137 Total $ 3,831 $ 1,979 $ 625 $ 48 $ 6,483

Finance Receivables Held for Sa

Finance Receivables Held for Sale	6 Months Ended
	Jun. 30, 2015
Receivables Held-for-sale [Abstract]
Finance Receivables Held for Sale	6. Finance Receivables Held for Sale We report finance receivables held for sale of $193 million at June 30, 2015 and $205 million at December 31, 2014 , which are carried at the lower of cost or fair value and secured by first mortgages. At June 30, 2015 and December 31, 2014, the fair value of our finance receivables held for sale exceeded the cost. We used the aggregate basis to determine the lower of cost or fair value of the finance receivables held for sale since the underlying real estate loans were presented to the buyers on a portfolio basis. We also separately present the interest income on our finance receivables held for sale as interest income on finance receivables held for sale originated as held for investment on our condensed consolidated statements of operations, which totaled $5 million and $9 million for the three and six months ended June 30, 2015 , respectively, compared to $3 million and $7 million for the three and six months ended June 30, 2014 , respectively. We did not have any transfer activity to or from finance receivables held for sale during the six months ended June 30, 2015 . During the three and six months ended June 30, 2014, we transferred real estate loans totaling $451 million and $1.3 billion , respectively, (after deducting allowance for finance receivable losses) from held for investment to held for sale due to management’s intent to no longer hold these finance receivables for the foreseeable future. During the three and six months ended June 30, 2014, we sold the finance receivables held for sale totaling $444 million and $1.3 billion , respectively, and recorded net gains of $35 million and $90 million , respectively.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investment Securities	7. Investment Securities AVAILABLE-FOR-SALE SECURITIES Cost/amortized cost, unrealized gains and losses, and fair value of available-for-sale securities by type were as follows: (dollars in millions) Cost/ Amortized Cost Unrealized Gains Unrealized Losses Fair Value June 30, 2015 Fixed maturity available-for-sale securities: Bonds: U.S. government and government sponsored entities $ 49 $ 1 $ — $ 50 Obligations of states, municipalities, and political subdivisions 87 — — 87 Certificates of deposit and commercial paper (a) 1 — — 1 Corporate debt 261 5 (3 ) 263 Mortgage-backed, asset-backed, and collateralized: Residential mortgage-backed securities (“RMBS”) 86 1 (1 ) 86 Commercial mortgage-backed securities (“CMBS”) 43 — — 43 Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”) 48 — — 48 Total 575 7 (4 ) 578 Preferred stock 7 — — 7 Other long-term investments 1 — — 1 Total (b) $ 583 $ 7 $ (4 ) $ 586 December 31, 2014 Fixed maturity available-for-sale securities: Bonds: U.S. government and government sponsored entities $ 61 $ 3 $ — $ 64 Obligations of states, municipalities, and political subdivisions 99 3 — 102 Certificates of deposit and commercial paper (a) 3 — — 3 Corporate debt 256 12 (1 ) 267 Mortgage-backed, asset-backed, and collateralized: RMBS 71 2 — 73 CMBS 25 — (1 ) 24 CDO/ABS 63 — — 63 Total 578 20 (2 ) 596 Preferred stock 7 — — 7 Other long-term investments 1 — — 1 Total (b) $ 586 $ 20 $ (2 ) $ 604 (a) Includes certificates of deposit totaling $1 million and $2 million pledged as collateral, primarily to support bank lines of credit at June 30, 2015 and December 31, 2014 , respectively. (b) Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at June 30, 2015 and December 31, 2014 , which is classified as a restricted investment and carried at cost. As of June 30, 2015 and December 31, 2014 , we had no available-for-sale securities with other-than-temporary impairments recognized in accumulated other comprehensive income or loss. Fair value and unrealized losses on available-for-sale securities by type and length of time in a continuous unrealized loss position were as follows: Less Than 12 Months 12 Months or Longer Total (dollars in millions) Fair Value Unrealized Losses * Fair Value Unrealized Losses * Fair Value Unrealized Losses June 30, 2015 Bonds: U.S. government and government sponsored entities $ 11 $ — $ 1 $ — $ 12 $ — Obligations of states, municipalities, and political subdivisions 27 — 6 — 33 — Corporate debt 91 (3 ) — — 91 (3 ) RMBS 42 (1 ) — — 42 (1 ) CMBS 21 — 3 — 24 — CDO/ABS 22 — — — 22 — Total 214 (4 ) 10 — 224 (4 ) Preferred stock 7 — — — 7 — Other long-term investments 1 — — — 1 — Total $ 222 $ (4 ) $ 10 $ — $ 232 $ (4 ) December 31, 2014 Bonds: U.S. government and government sponsored entities $ — $ — $ 1 $ — $ 1 $ — Obligations of states, municipalities, and political subdivisions 27 — 1 — 28 — Corporate debt 36 (1 ) 6 — 42 (1 ) RMBS 9 — — — 9 — CMBS 16 (1 ) 2 — 18 (1 ) CDO/ABS 46 — — — 46 — Total 134 (2 ) 10 — 144 (2 ) Preferred stock 6 — — — 6 — Total $ 140 $ (2 ) $ 10 $ — $ 150 $ (2 ) * Unrealized losses on certain available-for-sale securities were less than $ 1 million and, therefore, are not quantified in the table above. We continue to monitor unrealized loss positions for potential impairments. During the six months ended June 30, 2015 and 2014 , we did not recognize any other-than-temporary impairment credit loss write-downs to investment revenues. During the three and six months ended June 30, 2015 and 2014 , there were no additions or reductions in the cumulative amount of credit losses (recognized in earnings) on other-than-temporarily impaired available-for-sale securities. The fair values of available-for-sale securities sold or redeemed and the resulting realized gains, realized losses, and net realized gains were as follows: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Fair value $ 130 $ 50 $ 206 $ 107 Realized gains $ 4 $ — $ 11 $ 2 Realized losses — — (1 ) — Net realized gains $ 4 $ — $ 10 $ 2 Contractual maturities of fixed-maturity available-for-sale securities at June 30, 2015 were as follows: (dollars in millions) Fair Value Amortized Cost Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities: Due in 1 year or less $ 45 $ 45 Due after 1 year through 5 years 146 145 Due after 5 years through 10 years 86 85 Due after 10 years 124 123 Mortgage-backed, asset-backed, and collateralized securities 177 177 Total $ 578 $ 575 Actual maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations. We may sell investment securities before maturity to achieve corporate requirements and investment strategies. The fair value of bonds on deposit with insurance regulatory authorities totaled $11 million and $12 million at June 30, 2015 and December 31, 2014 , respectively. TRADING SECURITIES The fair value of trading securities by type was as follows: (dollars in millions) June 30, December 31, Fixed maturity trading securities: Bonds: U.S. government and government sponsored entities $ 841 $ 303 Obligations of states, municipalities, and political subdivisions 3 14 Certificates of deposit and commercial paper — 238 Non-U.S. government and government sponsored entities — 20 Corporate debt 484 1,056 Mortgage-backed, asset-backed, and collateralized: RMBS 13 36 CMBS 118 151 CDO/ABS 225 512 Total $ 1,684 $ 2,330 The net unrealized and realized gains on our trading securities, which we report in investment revenues, were as follows: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net unrealized gains on trading securities held at period end $ 1 $ 1 $ 4 $ 1 Net realized gains on trading securities sold or redeemed (1 ) — (1 ) — Total $ — $ 1 $ 3 $ 1

Transactions with Affiliates of

Transactions with Affiliates of Fortress or AIG	6 Months Ended
	Jun. 30, 2015
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Transactions with Affiliates of Fortress or AIG	8. Transactions with Affiliates of Fortress or AIG SUBSERVICING AGREEMENT Nationstar Mortgage LLC (“Nationstar”) subservices the real estate loans of certain indirect subsidiaries (collectively, the “Owners”). Investment funds managed by affiliates of Fortress indirectly own a majority interest in Nationstar. The Owners paid Nationstar subservicing fees of less than $1 million for the three months ended June 30, 2015 , and $1 million for the six months ended June 30, 2015 , compared to $2 million and $4 million for the three and six months ended June 30, 2014 , respectively. As a result of the sales of our real estate loans during 2014 (some of which were serviced by Nationstar) and the sale of certain mortgage servicing rights in 2014, our exposure to these affiliated services is reduced. INVESTMENT MANAGEMENT AGREEMENT Logan Circle Partners, L.P. (“Logan Circle”) provides investment management services for our investments. Logan Circle is a wholly owned subsidiary of Fortress. Costs and fees incurred for these investment management services were under $1 million for the three months ended June 30, 2015 and 2014 and $1 million for the six months ended June 30, 2015 and 2014 . REINSURANCE AGREEMENTS Merit Life Insurance Co. (“Merit”), our indirect wholly owned subsidiary, enters into reinsurance agreements with subsidiaries of AIG, for reinsurance of various group annuity, credit life, and credit accident and health insurance where Merit reinsures the risk of loss. The reserves for this business fluctuate over time and, in some instances, are subject to recapture by the insurer. Reserves recorded by Merit for reinsurance agreements with subsidiaries of AIG totaled $44 million at June 30, 2015 and December 31, 2014 . INSURANCE COVERAGE We hold various insurance policies with AIG subsidiaries covering liabilities of directors and officers, errors and omissions, lawyers, employment practices, fiduciary, and fidelity bond. Premium expenses on these policies were under $1 million for the three months ended June 30, 2015 and 2014 and $1 million for the six months ended June 30, 2015 and 2014 . JOINT VENTURE Certain subsidiaries of New Residential Investment Corp. (“NRZ”), own a 30% equity interest in the joint venture that acquired the SpringCastle Portfolio, in which we own a 47% equity interest. NRZ is managed by an affiliate of Fortress. THIRD STREET DISPOSITION On March 6, 2014, we entered into an agreement to sell, subject to certain closing conditions, all of our interest in the mortgage-backed retained certificates related to a securitization transaction completed in 2009 to Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPFS”). Concurrently, NRZ and MLPFS entered into an agreement pursuant to which NRZ agreed to purchase approximately 75% of these retained certificates. NRZ is managed by an affiliate of Fortress. MSR SALE SFC and MorEquity, Inc. (“MorEquity”), a wholly owned subsidiary of SFC, entered into an agreement, dated and effective August 1, 2014, to sell the servicing rights of the mortgage loans primarily underlying the mortgage securitizations completed during 2011 through 2013 to Nationstar for a purchase price of $39 million (the “MSR Sale”). From the closing of the MSR Sale on August 29, 2014, until the servicing transfer on September 30, 2014, we continued to service certain loans on behalf of Nationstar under an interim servicing agreement. At December 31, 2014 , the receivable from Nationstar for our interim servicing fees totaled $1 million . In May of 2015, Nationstar paid off the remaining balance of $1 million of this receivable. Investment funds managed by affiliates of Fortress indirectly own a majority interest in Nationstar.

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Long-term Debt	9. Long-term Debt Principal maturities of long-term debt (excluding projected securitization repayments by period) by type of debt at June 30, 2015 were as follows: (dollars in millions) Retail Notes Medium Term Notes Securitizations Junior Subordinated Debt Total Interest rates (a) 7.00%-7.50% 5.25%-8.25% 2.41%-6.82% 6.00 % Third quarter 2015 $ 24 $ — $ — $ — $ 24 Fourth quarter 2015 — 750 — — 750 First quarter 2016 — — — — — Second quarter 2016 — — — — — Remainder of 2016 — 375 — — 375 2017 — 1,902 — — 1,902 2018 — — — — — 2019 — 700 — — 700 2020-2067 — 1,250 — 350 1,600 Securitizations (b) — — 4,919 — 4,919 Total principal maturities $ 24 $ 4,977 $ 4,919 $ 350 $ 10,270 Total carrying amount (c) $ 23 $ 4,577 $ 4,904 $ 172 $ 9,676 Debt issuance costs (d) $ — $ (13 ) $ (19 ) $ — $ (32 ) (a) The interest rates shown are the range of contractual rates in effect at June 30, 2015 . (b) Securitizations are not included in above maturities by period due to their variable monthly repayments. See Note 10 for further information on our long-term debt associated with securitizations. (c) The net carrying amount of our long-term debt associated with certain securitizations that were either (1) issued at a premium or discount or (2) revalued at a premium or discount based on its fair value at the time of the Fortress Acquisition or (3) recorded at fair value on a recurring basis in circumstances when the embedded derivative within the securitization structure cannot be separately accounted for at fair value. (d) As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt. GUARANTY AGREEMENTS On December 3, 2014, SHI entered into an Indenture and First Supplemental Indenture pursuant to which it agreed to fully and unconditionally guarantee the payments of principal, premium (if any) and interest on $700 million of 5.25% of Senior Notes due 2019 issued by SFC. As of June 30, 2015 , approximately $700 million aggregate principal amount of senior notes were outstanding. On December 30, 2013, SHI entered into Guaranty Agreements whereby it agreed to fully and unconditionally guarantee the payments of principal, premium (if any), and interest on approximately $5.2 billion aggregate principal amount of senior notes on a senior basis and $350 million aggregate principal amount of a junior subordinated debenture (collectively, the “notes”) on a junior subordinated basis issued by SFC. The notes consist of the following: 8.25% Senior Notes due 2023; 7.75% Senior Notes due 2021; 6.00% Senior Notes due 2020; a 60 -year junior subordinated debenture; and all senior notes outstanding on December 30, 2013, issued pursuant to the Indenture dated as of May 1, 1999 (the “1999 Indenture”), between SFC and Wilmington Trust, National Association (the successor trustee to Citibank N.A.). The 60 -year junior subordinated debenture underlies the trust preferred securities sold by a trust sponsored by SFC. On December 30, 2013, SHI entered into a Trust Guaranty Agreement whereby it agreed to fully and unconditionally guarantee the related payment obligations under the trust preferred securities. As of June 30, 2015 , approximately $5.0 billion aggregate principal amount of senior notes, including $3.1 billion aggregate principal amount of senior notes under the 1999 Indenture, and $350 million aggregate principal amount of a junior subordinated debenture were outstanding.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2015
Variable Interest Entities
Variable Interest Entities	10. Variable Interest Entities As part of our overall funding strategy and as part of our efforts to support our liquidity from sources other than our traditional capital market sources, we have transferred certain finance receivables to VIEs for securitization transactions. Since these transactions involve securitization trusts required to be consolidated, the securitized assets and related liabilities are included in our condensed consolidated financial statements and are accounted for as secured borrowings. As a result of the 2014 sales of the Company’s beneficial interests in the mortgage-backed retained certificates related to its previous mortgage securitization transactions, we deconsolidated the underlying real estate loans and previously issued securitized interests which were reported in long-term debt. CONSOLIDATED VIES We evaluated the securitization trusts and determined that these entities are VIEs of which we are the primary beneficiary; therefore, we consolidated such entities. We are deemed to be the primary beneficiaries of these VIEs because we have the ability to direct the activities of each VIE that most significantly impact the entity’s economic performance and the obligation to absorb losses and the right to receive benefits that are potentially significant to the VIE. Such ability stems from SHI’s and/or its affiliates’ contractual right to service the securitized finance receivables. Our retained subordinated notes and residual interest trust certificates expose us to potentially significant losses and potentially significant returns. The remaining asset-backed securities issued by the securitization trusts are supported by the expected cash flows from the underlying securitized finance receivables. Cash inflows from these finance receivables are distributed to investors and service providers in accordance with each transaction’s contractual priority of payments (“waterfall”) and, as such, most of these inflows must be directed first to service and repay each trust’s senior notes or certificates held principally by third-party investors. The holders of the asset-backed securities have no recourse to the Company if the cash flows from the underlying qualified securitized assets are not sufficient to pay all principal and interest on the asset-backed securities. After these senior obligations are extinguished, substantially all cash inflows will be directed to the subordinated notes until fully repaid and, thereafter, to the residual interest that we own in each trust. We retain interests in these securitization transactions, including subordinated securities issued by the VIEs and residual interests. We retain credit risk in the securitizations because our retained interests include the most subordinated interest in the securitized assets, which are the first to absorb credit losses on the securitized assets. We expect that any credit losses in the pools of securitized assets will likely be limited to our subordinated and residual retained interests. We have no obligation to repurchase or replace qualified securitized assets that subsequently become delinquent or are otherwise in default. The carrying amounts of consolidated VIE assets and liabilities associated with our securitization trusts were as follows: (dollars in millions) June 30, December 31, Assets Finance receivables: Personal loans $ 3,059 $ 1,853 SpringCastle Portfolio 1,764 1,979 Allowance for finance receivable losses 120 72 Restricted cash and cash equivalents 320 210 Liabilities Long-term debt * $ 4,904 $ 3,630 * As a result of our early adoption of ASU 2015-03, we reclassified $19 million and $14 million of debt issuance costs related to our long-term debt associated with our securitizations as of June 30, 2015 and December 31, 2014, respectively, from other assets to long-term debt. Amendment to Sumner Brook 2013-VFN1 Securitization On January 16, 2015, we amended the note purchase agreement with Sumner Brook Funding Trust 2013-VFN1 to extend the two -year revolving period ending December of 2015 to a three -year revolving period ending January of 2018. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying personal loans and will be due and payable in full in August of 2024. The maximum principal balance of variable funding notes that can be issued remained at $350 million . At June 30, 2015 , no amounts were drawn under the notes. 2015-A Securitization On February 26, 2015, we completed a private term securitization transaction in which a wholly owned special purpose vehicle of SFC sold $1.2 billion of notes issued by Springleaf Funding Trust 2015-A at a 3.58% weighted average yield. The notes are backed by personal loans acquired from subsidiaries of SFC. We sold the asset-backed notes for $1.2 billion , after the price discount but before expenses and a $12 million interest reserve requirement. Sale of SpringCastle 2014-A Notes On March 9, 2015, Springleaf Acquisition Corporation (“SAC”) agreed to sell $232 million and $131 million principal amount of the previously retained Class C and Class D SpringCastle 2014-A Notes, respectively, to an unaffiliated third party at a premium to the principal balance. The sale was completed on March 16, 2015. Amendments to Whitford Brook 2014-VFN1 Securitization On March 24, 2015, we amended the sale and servicing agreement relating to the Whitford Brook Funding Trust 2014-VFN1 (the “Whitford Brook 2014-VFN1 Trust”) to remove the requirement for a $100 million minimum balance drawn under the variable funding notes, which are to be backed by personal loans acquired from subsidiaries of SFC from time to time. On March 25, 2015, we paid down the note balance of $100 million . On June 3, 2015, we amended the note purchase agreement relating to the Whitford Brook 2014-VFN1 Trust to reduce the $300 million maximum principal balance to $250 million . At June 30, 2015 , no amounts were drawn under the notes. 2015-B Securitization On April 7, 2015, we completed a private term securitization transaction in which a wholly owned special purpose vehicle of SFC sold $314 million of notes issued by Springleaf Funding Trust 2015-B at a 3.84% weighted average yield. The notes are backed by personal loans acquired from subsidiaries of SFC. We sold the asset-backed notes for $314 million , after the price discount but before expenses and a $3 million interest reserve requirement. Amendment to Springleaf 2013-VFN1 Securitization On May 20, 2015, we amended the note purchase agreement with Springleaf Funding Trust 2013-VFN1 to, among other things, extend the original two -year revolving period ending October of 2015 to a two -year revolving period ending April of 2017, which may be extended for up to one additional year, subject to satisfaction of customary conditions precedent. During the revolving period, the notes can be paid down in whole or in part and then redrawn. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying personal loans and will be due and payable in full in May of 2020. The maximum amount that can be drawn under the notes remained at $350 million . At June 30, 2015 , no amounts were drawn under the notes. Mill River 2015-VFN1 Securitization On May 27, 2015, we established a private securitization facility in which Mill River Funding Trust 2015-VFN1, a wholly owned special purpose vehicle of SFC, issued variable funding notes with a maximum principal balance of $400 million to be backed by personal loans acquired from subsidiaries of SFC from time to time. No amounts were funded at closing, but may be funded from time to time over a three -year revolving period, subject to the satisfaction of customary conditions precedent. During the revolving period, the notes can be paid down in whole or in part and then redrawn. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying personal loans and will be due and payable in full in June of 2021. At June 30, 2015 , no amounts were drawn under the notes. Second Avenue Funding LLC Securitization On June 3, 2015, we established a private securitization facility in which Second Avenue Funding LLC, a wholly owned special purpose vehicle of SFC, issued variable funding notes with a maximum principal balance of $250 million to be backed by auto loans acquired from subsidiaries of SFC. No amounts were funded at closing, but may be funded from time to time over a three -year revolving period, subject to the satisfaction of customary conditions precedent. During the revolving period, the notes can paid down in whole or in part and then redrawn. Following the three-year revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying auto loans and will be due and payable in full in June of 2019. At June 30, 2015 , no amounts were drawn under the notes. First Avenue Funding LLC Securitization On June 10, 2015, we established a private securitization facility in which First Avenue Funding LLC (“First Avenue”), a wholly owned special purpose vehicle of SFC, issued variable funding notes with a maximum principal balance of $250 million to be backed by auto loans acquired from subsidiaries of SFC. No amounts were funded at closing, but may be funded from time to time over a two -year revolving period, subject to the satisfaction of customary conditions precedent. During the revolving period, the notes can paid down in whole or in part and then redrawn. Following the two-year revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying auto loans and will be due and payable in full twelve months following the maturity of the last auto loan held by First Avenue. At June 30, 2015 , no amounts were drawn under the notes. VIE Interest Expense Other than our retained subordinate and residual interests in the remaining consolidated securitization trusts, we are under no obligation, either contractually or implicitly, to provide financial support to these entities. Consolidated interest expense related to our VIEs for the three and six months ended June 30, 2015 totaled $49 million and $87 million , respectively, compared to $62 million and $129 million for the three and six months ended June 30, 2014 , respectively. DECONSOLIDATED VIES As a result of the sales of the mortgage-backed retained certificates during 2014, we deconsolidated the securitization trusts holding the underlying real estate loans and previously issued securitized interests which were reported in long-term debt. The total carrying value of these real estate loans as of the sale dates was $5.2 billion . During 2014, we established a reserve for sales recourse obligations of $7 million related to these sales. At June 30, 2015 , this reserve totaled $7 million . We had no repurchase activity associated with these sales as of June 30, 2015 . However, we will continue to monitor any repurchase activity in the future and will adjust the reserve accordingly.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	11. Earnings (Loss) Per Share The computation of earnings (loss) per share was as follows: (dollars in millions except earnings (loss) per share) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator (basic and diluted): Net income (loss) attributable to Springleaf Holdings, Inc. $ (12 ) $ 72 $ (12 ) $ 124 Denominator: Weighted average number of shares outstanding (basic) 127,411,208 114,788,439 121,253,548 114,788,439 Effect of dilutive securities * — 387,582 — 372,001 Weighted average number of shares outstanding (diluted) 127,411,208 115,176,021 121,253,548 115,160,440 Earnings (loss) per share: Basic $ (0.09 ) $ 0.63 $ (0.10 ) $ 1.09 Diluted $ (0.09 ) $ 0.63 $ (0.10 ) $ 1.08 * We have excluded the following shares in the diluted earnings (loss) per share calculation for the three and six months ended June 30, 2015 because these shares would be anti-dilutive, which could impact the earnings per share calculation in the future: • 593,331 performance shares and 490,464 service shares for the three months ended June 30, 2015 ; and • 593,331 performance shares and 447,825 service shares for the six months ended June 30, 2015 . Basic earnings (loss) per share is computed by dividing net income or loss by the weighted-average number of shares outstanding during each period. Diluted earnings (loss) per share is computed based on the weighted-average number of common shares plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares represent outstanding unvested restricted stock units (“RSUs”) and awards.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	12. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) were as follows: (dollars in millions) Unrealized Gains Investment Securities Retirement Plan Liabilities Adjustments Foreign Currency Translation Adjustments Total Accumulated Other Comprehensive Income (Loss) Three Months Ended June 30, 2015 Balance at beginning of period $ 11 $ (13 ) $ 5 $ 3 Other comprehensive loss before reclassifications (6 ) — (1 ) (7 ) Reclassification adjustments from accumulated other comprehensive income (loss) (3 ) — — (3 ) Balance at end of period $ 2 $ (13 ) $ 4 $ (7 ) Three Months Ended June 30, 2014 Balance at beginning of period $ 9 $ 20 $ 4 $ 33 Other comprehensive income before reclassifications 6 — — 6 Reclassification adjustments from accumulated other comprehensive income (1 ) — — (1 ) Balance at end of period $ 14 $ 20 $ 4 $ 38 Six Months Ended June 30, 2015 Balance at beginning of period $ 12 $ (13 ) $ 4 $ 3 Other comprehensive loss before reclassifications (3 ) — — (3 ) Reclassification adjustments from accumulated other comprehensive income (loss) (7 ) — — (7 ) Balance at end of period $ 2 $ (13 ) $ 4 $ (7 ) Six Months Ended June 30, 2014 Balance at beginning of period $ 4 $ 20 $ 4 $ 28 Other comprehensive income before reclassifications 12 — — 12 Reclassification adjustments from accumulated other comprehensive income (2 ) — — (2 ) Balance at end of period $ 14 $ 20 $ 4 $ 38 Reclassification adjustments from accumulated other comprehensive income (loss) to the applicable line item on our condensed consolidated statements of operations were as follows: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Unrealized gains on investment securities: Reclassification from accumulated other comprehensive income (loss) to investment revenues, before taxes $ 4 $ 1 $ 10 $ 3 Income tax effect (1 ) — (3 ) (1 ) Reclassification from accumulated other comprehensive income (loss) to investment revenues, net of taxes $ 3 $ 1 $ 7 $ 2

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes At June 30, 2015 , we had a net deferred tax liability of $112 million , compared to $148 million at December 31, 2014 . The decrease in the net deferred tax liability was primarily due to purchase accounting for debt writedown. The impact to our uncertain tax positions was immaterial. The effective tax rate for the six months ended June 30, 2015 was (2.8)% compared to 30.5% for the same period in 2014 . The effective tax rates for the six months ended June 30, 2015 and 2014 differed from the federal statutory rates primarily due to the effect of the non-controlling interest in our joint venture. We are currently under examination of our U.S. Federal tax return for the year 2013 by the Internal Revenue Service. Management believes it has adequately provided for taxes for such year.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	14. Contingencies LEGAL CONTINGENCIES In the normal course of business, the Company has been named, from time to time, as a defendant in various legal actions, including arbitrations, class actions and other litigation arising in connection with its activities. Some of the actual or threatened legal actions include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of damages. While we will continue to identify certain legal actions where we believe a material loss to be reasonably possible and reasonably estimable, there can be no assurance that material losses will not be incurred from claims that we have not yet been notified of or are not yet determined to be probable or reasonably possible and reasonably estimable. We contest liability and/or the amount of damages, as appropriate, in each pending matter. Where available information indicates that it is probable that a liability had been incurred at the date of the condensed consolidated financial statements and we can reasonably estimate the amount of that loss, we accrue the estimated loss by a charge to income. In many actions, however, it is inherently difficult to determine whether any loss is probable or even reasonably possible or to estimate the amount of any loss. In addition, even where loss is reasonably possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is not always possible to reasonably estimate the size of the possible loss or range of loss. For certain legal actions, we cannot reasonably estimate such losses, particularly for actions that are in their early stages of development or where plaintiffs seek substantial or indeterminate damages. Numerous issues may need to be resolved, including through potentially lengthy discovery and determination of important factual matters, and by addressing novel or unsettled legal questions relevant to the actions in question, before a loss or additional loss or range of loss or additional loss can be reasonably estimated for any given action. For certain other legal actions, we can estimate reasonably possible losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued, but do not believe, based on current knowledge and after consultation with counsel, that such losses will have a material adverse effect on our condensed consolidated financial statements as a whole. SALES RECOURSE OBLIGATIONS During 2014, we established a reserve for sales recourse obligations of $23 million related to the real estate loan sales. At June 30, 2015 , our reserve for sales recourse obligations totaled $18 million , of which $17 million related to the real estate loan sales in 2014. During the second quarter of 2015, we repurchased 13 loans, totaling $1 million , associated with the real estate loan sales in 2014. There was no repurchase activity associated with the real estate loan sales in 2014 or other prior sales of finance receivables during the three and six months ended June 30, 2014 . At June 30, 2015 , there were no material recourse requests that management believes will not be covered by the reserve. However, we will continue to monitor any repurchase activity in the future and will adjust the reserve accordingly. The activity in our reserve for sales recourse obligations associated with the real estate loan sales during 2014 and other prior sales of finance receivables was as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2015 2014 2015 2014 Balance at beginning of period $ 24 $ 5 $ 24 $ 5 Recourse losses (5 ) — (5 ) — Provision for recourse obligations, net of recoveries * (1 ) — (1 ) — Balance at end of period $ 18 $ 5 $ 18 $ 5 * Reflects the elimination of the reserve associated with other prior sales of finance receivables. It is inherently difficult to determine whether any recourse losses are probable or even reasonably possible or to estimate the amounts of any losses. In addition, even where recourse losses are reasonably possible or exposure to such losses exists in excess of the liability already accrued, it is not always possible to reasonably estimate the size of the possible recourse losses or range of losses. PAYMENT PROTECTION INSURANCE Our United Kingdom subsidiary provides payments of compensation to its customers who have made claims concerning Payment Protection Insurance (“PPI”) policies sold in the normal course of business by insurance intermediaries. On April 20, 2011, the High Court in the United Kingdom handed down judgment supporting the Financial Services Authority (now known as the Financial Conduct Authority) (“FCA”) guidelines on the treatment of PPI complaints. In addition, the FCA issued a guidance consultation paper in March of 2012 on the PPI customer contact letters. As a result, we have concluded that there are certain circumstances where customer contact and/or redress is appropriate; therefore, this activity is ongoing. The total reserves related to the estimated PPI claims were $9 million at June 30, 2015 and $14 million at December 31, 2014 . We do not believe that any additional losses related to PPI claims in excess of the amounts accrued will have a material adverse effect on our condensed consolidated financial statements as a whole. STOCK PURCHASE AGREEMENT As discussed in Note 2 , on March 2, 2015, SHI entered into a Stock Purchase Agreement with Citigroup to acquire OneMain for an aggregate purchase price of $4.25 billion . Under the Stock Purchase Agreement, we are required to take all action necessary to resolve any objection that antitrust enforcement authorities may assert with respect to the Proposed Acquisition. If the Stock Purchase Agreement is terminated as a result of the failure to obtain antitrust approvals, we will be required to pay Citigroup a termination fee of $213 million . There can be no assurance that the Proposed Acquisition will close or, if it does, when the actual closing will occur.

Benefit Plans

Benefit Plans	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Benefit Plans	15. Benefit Plans The following table presents the components of net periodic benefit cost with respect to our defined benefit pension plans: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Pension Components of net periodic benefit cost: Interest cost $ 4 $ 4 $ 8 $ 8 Expected return on assets (4 ) (4 ) (9 ) (8 ) Net periodic benefit cost $ — $ — $ (1 ) $ — The components of net periodic benefit cost with respect to our post retirement plan were less than $1 million for the three and six months ended June 30, 2015 and 2014 and, therefore, were not included in the table above.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	16. Segment Information Our segments coincide with how our businesses are managed. At June 30, 2015 , our three segments include: • Consumer and Insurance; • Acquisitions and Servicing; and • Real Estate. When we initially defined our operating segments in early 2013, we presented Consumer and Insurance as two distinct reporting segments. However, over the course of 2013 and into 2014, management has shifted its strategy for the Insurance segment toward organic growth primarily as an ancillary product complementing our consumer lending activities and has been increasingly viewing and managing the Insurance segment together with Consumer. As a result of the changes in strategy and the way that management views the insurance business of the Company, we began presenting them as one segment, effective December 31, 2014. To conform to the new segment alignment, we have revised our prior period segment disclosures. Management considers Consumer and Insurance, and Acquisitions and Servicing as our “Core Consumer Operations” and Real Estate as our “Non-Core Portfolio.” Our segments are managed as follows: Core Consumer Operations • Consumer and Insurance — We originate and service personal loans (secured and unsecured) through two business divisions: branch operations and centralized operations and offer credit insurance (life insurance, accident and health insurance, and involuntary unemployment insurance), non-credit insurance, and ancillary products, such as warranty protection. Branch operations primarily conduct business in 27 states, which are our core operating states. Our centralized operations underwrite and process certain loan applications that we receive from our branch operations or through an internet portal. If the applicant is located near an existing branch (“in footprint”), our centralized operations make the credit decision regarding the application and then request, but do not require, the customer to visit a nearby branch for closing, funding and servicing. If the applicant is not located near a branch (“out of footprint”), our centralized operations originate the loan. • Acquisitions and Servicing — We service the SpringCastle Portfolio that we acquired through a joint venture in which we own a 47% equity interest. The SpringCastle Portfolio consists of unsecured loans and loans secured by subordinate residential real estate mortgages (which we service as unsecured loans due to the fact that the liens are subordinated to superior ranking security interests) and includes both closed-end accounts and open-end lines of credit. These loans vary in form and substance from our typical branch serviced loans and are in a liquidating status. Non-Core Portfolio • Real Estate — We service and hold real estate loans secured by first or second mortgages on residential real estate. Real estate loans previously originated through our branch offices or previously acquired or originated through centralized distribution channels are serviced by: (i) MorEquity and subserviced by Nationstar; (ii) Select Portfolio Servicing, Inc.; or (iii) our centralized operations. Investment funds managed by affiliates of Fortress indirectly own a majority interest in Nationstar. The remaining components (which we refer to as “Other”) consist of our other non-core, non-originating legacy operations, which are isolated by geographic market and/or distribution channel from our Core Consumer Operations and our Non-Core Portfolio. These operations include our legacy operations in 14 states where we have also ceased branch-based personal lending, our liquidating retail sales finance portfolio (including our retail sales finance accounts from our dedicated auto finance operation), our lending operations in Puerto Rico and the U.S. Virgin Islands, and the operations of our United Kingdom subsidiary. Due to the nature of the Fortress Acquisition, we applied push-down accounting. However, we report the operating results of our Core Consumer Operations, Non-Core Portfolio, and Other using the same accounting basis that we employed prior to the Fortress Acquisition, which we refer to as “historical accounting basis,” to provide a consistent basis for both management and other interested third parties to better understand the operating results of these segments. The historical accounting basis (which is a basis of accounting other than U.S. GAAP) also provides better comparability of the operating results of these segments to our competitors and other companies in the financial services industry. The historical accounting basis is not applicable to the Acquisitions and Servicing segment since this segment resulted from the purchase of the SpringCastle Portfolio subsequent to the Fortress Acquisition. The “Push-down Accounting Adjustments” column in the following tables primarily consists of: • the accretion or amortization of the valuation adjustments on the applicable revalued assets and liabilities; • the difference in finance charges on our purchased credit impaired finance receivables compared to the finance charges on these finance receivables on a historical accounting basis; • the elimination of accretion or amortization of historical based discounts, premiums, and other deferred costs on our finance receivables and long-term debt; • the difference in provision for finance receivable losses required based upon the differences in historical accounting basis and push-down accounting basis of the finance receivables; • the acceleration of the accretion of the net discount or amortization of the net premium applied to long-term debt that we repurchase or repay; • the reversal of the remaining unaccreted push-down accounting basis for net finance receivables, less allowance for finance receivable losses established at the date of the Fortress Acquisition on finance receivables held for sale that we sold; and • the difference in the fair value of long-term debt based upon the differences between historical accounting basis where certain long-term debt components are marked-to-market on a recurring basis, and push-down accounting basis where long-term debt is no longer marked-to-market on a recurring basis. The following tables present information about the Company’s segments as well as reconciliations to the condensed consolidated financial statement amounts. (dollars in millions) Consumer and Insurance Acquisitions and Servicing Real Other Eliminations Push-down Consolidated Three Months Ended Interest income $ 269 $ 120 $ 17 $ 3 $ — $ 4 $ 413 Interest expense 36 22 59 22 — 32 171 Provision for finance receivable losses 54 23 (5 ) 1 — 7 80 Net interest income (loss) after provision for finance receivable losses 179 75 (37 ) (20 ) — (35 ) 162 Other revenues 56 13 3 — (13 ) (3 ) 56 Other expenses 159 26 9 25 (13 ) 1 207 Income (loss) before provision for (benefit from) income taxes 76 62 (43 ) (45 ) — (39 ) 11 Income before provision for income taxes attributable to non-controlling interests — 31 — — — — 31 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc. $ 76 $ 31 $ (43 ) $ (45 ) $ — $ (39 ) $ (20 ) (dollars in millions) Consumer and Insurance Acquisitions Real Other Eliminations Push-down Consolidated Three Months Ended Interest income $ 220 $ 137 $ 137 $ 4 $ — $ 35 $ 533 Interest expense 41 18 95 2 — 36 192 Provision for finance receivable losses 48 41 20 4 — 2 115 Net interest income (loss) after provision for finance receivable losses 131 78 22 (2 ) — (3 ) 226 Other revenues 58 19 (24 ) — (17 ) 56 92 Other expenses 129 32 21 5 (17 ) 1 171 Income (loss) before provision for (benefit from) income taxes 60 65 (23 ) (7 ) — 52 147 Income before provision for income taxes attributable to non-controlling interests — 31 — — — — 31 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc. $ 60 $ 34 $ (23 ) $ (7 ) $ — $ 52 $ 116 (dollars in millions) Consumer and Insurance Acquisitions and Servicing Real Estate Other Eliminations Push-down Accounting Adjustments Consolidated Total At or for the Six Months Ended Interest income $ 525 $ 247 $ 35 $ 5 $ — $ 7 $ 819 Interest expense 76 45 119 32 (5 ) 62 329 Provision for finance receivable losses 110 50 (3 ) 1 — 9 167 Net interest income (loss) after provision for finance receivable losses 339 152 (81 ) (28 ) 5 (64 ) 323 Other revenues 107 32 6 — (32 ) (6 ) 107 Other expenses 305 55 16 30 (27 ) 2 381 Income (loss) before provision for (benefit from) income taxes 141 129 (91 ) (58 ) — (72 ) 49 Income before provision for income taxes attributable to non-controlling interests — 62 — — — — 62 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc. $ 141 $ 67 $ (91 ) $ (58 ) $ — $ (72 ) $ (13 ) Assets * $ 5,301 $ 1,854 $ 3,541 $ 2,538 $ — $ 74 $ 13,308 * As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt as of June 30, 2015. (dollars in millions) Consumer and Insurance Acquisitions and Servicing Real Estate Other Eliminations Push-down Accounting Adjustments Consolidated Total At or for the Six Months Ended Interest income $ 430 $ 283 $ 292 $ 9 $ — $ 71 $ 1,085 Interest expense 82 40 207 4 — 64 397 Provision for finance receivable losses 93 94 82 5 — 2 276 Net interest income after provision for finance receivable losses 255 149 3 — — 5 412 Other revenues 107 20 (89 ) 1 (35 ) 169 173 Other expenses 254 65 42 11 (35 ) 2 339 Income (loss) before provision for (benefit from) income taxes 108 104 (128 ) (10 ) — 172 246 Income before provision for income taxes attributable to non-controlling interests — 47 — — — — 47 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc. $ 108 $ 57 $ (128 ) $ (10 ) $ — $ 172 $ 199 Assets (a) (b) $ 4,366 $ 2,383 $ 6,682 $ 957 $ — $ (349 ) $ 14,039 (a) As a result of our early adoption of ASU 2015-03, we reclassified $44 million of debt issuance costs from other assets to long-term debt as of June 30, 2014. (b) See Note 1 for further information on the correction of this prior period disclosure.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	17. Fair Value Measurements The fair value of a financial instrument is the amount that would be received if an asset were to be sold or the amount that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The degree of judgment used in measuring the fair value of financial instruments generally correlates with the level of pricing observability. Financial instruments with quoted prices in active markets generally have more pricing observability and less judgment is used in measuring fair value. Conversely, financial instruments traded in other-than-active markets or that do not have quoted prices have less observability and are measured at fair value using valuation models or other pricing techniques that require more judgment. An other-than-active market is one in which there are few transactions, the prices are not current, price quotations vary substantially either over time or among market makers, or little information is released publicly for the asset or liability being valued. Pricing observability is affected by a number of factors, including the type of financial instrument, whether the financial instrument is listed on an exchange or traded over-the-counter or is new to the market and not yet established, the characteristics specific to the transaction, and general market conditions. The following table summarizes the fair values and carrying values of our financial instruments and indicates the fair value hierarchy based on the level of inputs we utilized to determine such fair values: Fair Value Measurements Using Total Total (dollars in millions) Level 1 Level 2 Level 3 June 30, 2015 Assets Cash and cash equivalents $ 3,594 $ — $ — $ 3,594 $ 3,594 Investment securities — 2,269 2 2,271 2,271 Net finance receivables, less allowance for finance receivable losses — — 7,132 7,132 6,490 Finance receivables held for sale — — 197 197 193 Restricted cash and cash equivalents 333 — — 333 333 Other assets: Commercial mortgage loans — — 71 71 71 Escrow advance receivable — — 9 9 9 Receivables related to sales of real estate loans and related trust assets — 9 — 9 18 Liabilities Long-term debt $ — $ 10,431 $ — $ 10,431 $ 9,676 December 31, 2014 Assets Cash and cash equivalents $ 879 $ — $ — $ 879 $ 879 Investment securities — 2,926 9 2,935 2,935 Net finance receivables, less allowance for finance receivable losses — — 6,979 6,979 6,307 Finance receivables held for sale — — 209 209 205 Restricted cash and cash equivalents 218 — — 218 218 Other assets: Commercial mortgage loans — — 78 78 85 Escrow advance receivable — — 8 8 8 Receivables related to sales of real estate loans and related trust assets — 67 — 67 79 Liabilities Long-term debt $ — $ 9,182 $ — $ 9,182 $ 8,356 FAIR VALUE MEASUREMENTS — RECURRING BASIS The following tables present information about our assets measured at fair value on a recurring basis and indicates the fair value hierarchy based on the levels of inputs we utilized to determine such fair value: Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 June 30, 2015 Assets Cash equivalents in mutual funds $ 905 $ — $ — $ 905 Investment securities: Available-for-sale securities: Bonds: U.S. government and government sponsored entities — 50 — 50 Obligations of states, municipalities, and political subdivisions — 87 — 87 Certificates of deposit and commercial paper — 1 — 1 Corporate debt — 263 — 263 RMBS — 86 — 86 CMBS — 43 — 43 CDO/ABS — 48 — 48 Total — 578 — 578 Preferred stock — 7 — 7 Other long-term investments (a) — — 1 1 Total available-for-sale securities (b) — 585 1 586 Trading securities: Bonds: U.S. government and government sponsored entities — 841 — 841 Obligations of states, municipalities, and political subdivisions — 3 — 3 Corporate debt — 484 — 484 RMBS — 13 — 13 CMBS — 118 — 118 CDO/ABS — 225 — 225 Total trading securities — 1,684 — 1,684 Total investment securities — 2,269 1 2,270 Restricted cash in mutual funds 312 — — 312 Total $ 1,217 $ 2,269 $ 1 $ 3,487 Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2014 Assets Cash equivalents in mutual funds $ 236 $ — $ — $ 236 Cash equivalents in certificates of deposit and commercial paper — 165 — 165 Investment securities: Available-for-sale securities: Bonds: U.S. government and government sponsored entities — 64 — 64 Obligations of states, municipalities, and political subdivisions — 102 — 102 Certificates of deposit and commercial paper — 3 — 3 Corporate debt — 263 4 267 RMBS — 73 — 73 CMBS — 21 3 24 CDO/ABS — 63 — 63 Total — 589 7 596 Preferred stock — 7 — 7 Other long-term investments (a) — — 1 1 Total available-for-sale securities (b) — 596 8 604 Trading securities: Bonds: U.S. government and government sponsored entities — 303 — 303 Obligations of states, municipalities, and political subdivisions — 14 — 14 Certificates of deposit and commercial paper — 238 — 238 Non-U.S. government and government sponsored entities — 20 — 20 Corporate debt — 1,056 — 1,056 RMBS — 36 — 36 CMBS — 151 — 151 CDO/ABS — 512 — 512 Total trading securities — 2,330 — 2,330 Total investment securities — 2,926 8 2,934 Restricted cash in mutual funds 207 — — 207 Total $ 443 $ 3,091 $ 8 $ 3,542 (a) Other long-term investments excludes an immaterial interest in a limited partnership that we account for using the equity method. (b) Common stocks not carried at fair value totaled $1 million at June 30, 2015 and December 31, 2014 and, therefore, have been excluded from the table above. We had no transfers between Level 1 and Level 2 during the three and six months ended June 30, 2015 . The following table presents changes in Level 3 assets measured at fair value on a recurring basis for the three months ended June 30, 2015 : Net gains (losses) included in: Purchases, sales, issues, settlements * Transfers into Transfers Balance Balance at beginning of period Other revenues Other comprehensive income (loss) (dollars in millions) Three Months Ended Investment securities: Available-for-sale securities: Bonds: Corporate debt $ 4 $ — $ — $ (4 ) $ — $ — $ — Other long-term investments 1 — — — — — 1 Total $ 5 $ — $ — $ (4 ) $ — $ — $ 1 * “Purchases, sales, issues, and settlements” column consisted only of settlements. The following table presents changes in Level 3 assets measured at fair value on a recurring basis for the three months ended June 30, 2014 : Net gains (losses) included in: Purchases, Transfers into Transfers Balance Balance at beginning of period Other Other (dollars in millions) Three Months Ended Investment securities: Available-for-sale securities: Bonds: Corporate debt $ 9 $ — $ — $ (4 ) $ — $ — $ 5 CDO/ABS 1 — — — — (1 ) — Total 10 — — (4 ) — (1 ) 5 Other long-term investments 1 — — — — — 1 Total available-for-sale securities 11 — — (4 ) — (1 ) 6 Trading securities: Bonds: RMBS 1 — — — — (1 ) — CDO/ABS 7 — — — — (1 ) 6 Total trading securities 8 — — — — (2 ) 6 Total $ 19 $ — $ — $ (4 ) $ — $ (3 ) $ 12 (a) “Purchases, sales, issues, and settlements” column consisted only of settlements. (b) During the three months ended June 30, 2014 , we transferred RMBS and CDO/ABS securities totaling $3 million out of Level 3 primarily due to greater pricing transparency. The following table presents changes in Level 3 assets measured at fair value on a recurring basis for the six months ended June 30, 2015 : Net gains (losses) included in: Purchases, sales, issues, settlements (a) Transfers into Transfers Balance Balance at Other Other (dollars in millions) Six Months Ended Investment securities: Available-for-sale securities: Bonds: Corporate debt $ 4 $ — $ — $ (4 ) $ — $ — $ — CMBS 3 — — — — (3 ) — Total 7 — — (4 ) — (3 ) — Other long-term investments 1 — — — — — 1 Total $ 8 $ — $ — $ (4 ) $ — $ (3 ) $ 1 (a) “Purchases, sales, issues, and settlements” column consisted only of settlements. (b) During the six months ended June 30, 2015 , we transferred CMBS securities totaling $3 million out of Level 3 primarily related to the greater observability of pricing inputs. The following table presents changes in Level 3 assets measured at fair value on a recurring basis for the six months ended June 30, 2014 : Net gains (losses) included in: Purchases, sales, issues, settlements (a) Transfers into Level 3 (b) Transfers out of Level 3 (c) Balance at end of period Balance at beginning of period Other revenues Other comprehensive income (loss) (dollars in millions) Six Months Ended Investment securities: Available-for-sale securities: Bonds: Corporate debt $ 13 $ — $ — $ (8 ) $ — $ — $ 5 CDO/ABS 1 — — — — (1 ) — Total 14 — — (8 ) — (1 ) 5 Other long-term investments 1 — — — — — 1 Total available-for-sale securities 15 — — (8 ) — (1 ) 6 Trading securities: Bonds: RMBS — — — — 1 (1 ) — CDO/ABS 7 — — — — (1 ) 6 Total trading securities 7 — — — 1 (2 ) 6 Total $ 22 $ — $ — $ (8 ) $ 1 $ (3 ) $ 12 (a) “Purchases, sales, issues, and settlements” column consisted only of settlements for the six months ended June 30, 2014 , as the purchases were less than $1 million . (b) During the six months ended June 30, 2014 , we transferred $1 million of RMBS securities into Level 3 primarily due to lesser pricing transparency. (c) During the six months ended June 30, 2014 , we transferred RMBS and CDO/ABS securities totaling $3 million out of Level 3 primarily due to greater pricing transparency. We used observable and/or unobservable inputs to determine the fair value of positions that we have classified within the Level 3 category. As a result, the unrealized gains and losses for assets and liabilities within the Level 3 category presented in the Level 3 tables above may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable (e.g., changes in unobservable long-dated volatilities) inputs. The unobservable inputs and quantitative data used in our Level 3 valuations for our investment securities were developed and used in models created by our third-party valuation service providers, which values were used by us for fair value disclosure purposes without adjustment. We applied the third-party exception which allows us to omit certain quantitative disclosures about unobservable inputs for other long-term investments. As a result, the weighted average ranges of the inputs for these investment securities are not applicable in the following table. Quantitative information about Level 3 inputs for our assets measured at fair value on a recurring basis for which information about the unobservable inputs is reasonably available to us at June 30, 2015 and December 31, 2014 is as follows: Range (Weighted Average) Valuation Technique(s) Unobservable Input June 30, 2015 December 31, 2014 Corporate debt Discounted cash flows Yield — 1.05% (a) RMBS Discounted cash flows Spread 730 bps (a) 736 bps (a) (b) CMBS Discounted cash flows Spread — 139 bps (a) (b) Other long-term investments Discounted cash flows and indicative valuations Historical costs Nature of investment Local market conditions Comparables Operating performance Recent financing activity N/A (c) N/A (c) (a) At June 30, 2015 and December 31, 2014, RMBS consisted of one bond. At December 31, 2014, corporate debt and CMBS also consisted of one bond. (b) During the first quarter of 2015, we identified that we incorrectly disclosed the weighted average ranges of our RMBS bond and CMBS bond as of December 31, 2014. The weighted average ranges of these bonds at December 31, 2014 have been corrected in the table above. (c) Not applicable. The fair values of the assets using significant unobservable inputs are sensitive and can be impacted by significant increases or decreases in any of those inputs. Level 3 broker-priced instruments, including RMBS (except for the one bond previously noted), CMBS (except for the one bond previously noted), and CDO/ABS, are excluded from the table above because the unobservable inputs are not reasonably available to us. Our RMBS, CMBS, and CDO/ABS securities have unobservable inputs that are reliant on and sensitive to the quality of their underlying collateral. The inputs, although not identical, have similar characteristics and interrelationships. Generally a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for the loss severity and a directionally opposite change in the assumption used for prepayment speeds. An improvement in the workout criteria related to the restructured debt and/or debt covenants of the underlying collateral may lead to an improvement in the cash flows and have an inverse impact on other inputs, specifically a reduction in the amount of discount applied for marketability and liquidity, making the structured bonds more attractive to market participants. FAIR VALUE MEASUREMENTS — NON-RECURRING BASIS We measure the fair value of certain assets on a non-recurring basis when events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Assets measured at fair value on a non-recurring basis on which we recorded impairment charges were as follows: Fair Value Measurements Using * (dollars in millions) Level 1 Level 2 Level 3 Total June 30, 2015 Assets Real estate owned $ — $ — $ 12 $ 12 Commercial mortgage loans — — 8 8 Total $ — $ — $ 20 $ 20 December 31, 2014 Assets Real estate owned $ — $ — $ 19 $ 19 Commercial mortgage loans — — 11 11 Total $ — $ — $ 30 $ 30 * The fair value information presented in the table above is as of the date the fair value adjustment was recorded. Net impairment charges recorded on assets measured at fair value on a non-recurring basis were as follows: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Assets Real estate owned $ 1 $ 4 $ 2 $ 10 Commercial mortgage loans (2 ) (1 ) (2 ) (1 ) Total $ (1 ) $ 3 $ — $ 9 In accordance with the authoritative guidance for the accounting for the impairment of long-lived assets, we wrote down certain real estate owned reported in our Real Estate segment to their fair value less cost to sell for the three and six months ended June 30, 2015 and 2014 and recorded the writedowns in other revenues — other. The fair values of real estate owned disclosed in the table above are unadjusted for transaction costs as required by the authoritative guidance for fair value measurements. The amounts of real estate owned recorded in other assets are net of transaction costs as required by the authoritative guidance for accounting for the impairment of long-lived assets. In accordance with the authoritative guidance for the accounting for the impairment of commercial mortgage loans, we recorded allowance adjustments on certain impaired commercial mortgage loans reported in our Consumer and Insurance segment to record their fair value for the three and six months ended June 30, 2015 and 2014 and recorded the net impairments in investment revenues. The inputs and quantitative data used in our Level 3 valuations for our real estate owned and commercial mortgage loans are unobservable primarily due to the unique nature of specific real estate assets. Therefore, we used independent third-party providers, familiar with local markets, to determine the values used for fair value disclosures without adjustment. We applied the third-party exception which allows us to omit certain quantitative disclosures about unobservable inputs. As a result, the weighted average ranges of the inputs are not applicable in the following table. Quantitative information about Level 3 inputs for our assets measured at fair value on a non-recurring basis at June 30, 2015 and December 31, 2014 is as follows: Range (Weighted Average) Valuation Technique(s) Unobservable Input June 30, 2015 December 31, 2014 Real estate owned Market approach Third-party valuation N/A* N/A* Commercial mortgage loans Market approach Local market conditions Nature of investment Comparable property sales Operating performance N/A* N/A* * Not applicable. FAIR VALUE MEASUREMENTS — VALUATION METHODOLOGIES AND ASSUMPTIONS We use the following methods and assumptions to estimate fair value. Cash and Cash Equivalents The carrying amount of cash and cash equivalents, including cash and cash equivalents in certificates of deposit and commercial paper, approximates fair value. Mutual Funds The fair value of mutual funds is based on quoted market prices of the underlying shares held in the mutual funds. Investment Securities We utilize third-party valuation service providers to measure the fair value of our investment securities, which are classified as available-for-sale or as trading and consist primarily of bonds. Whenever available, we obtain quoted prices in active markets for identical assets at the balance sheet date to measure investment securities at fair value. We generally obtain market price data from exchange or dealer markets. We estimate the fair value of fixed maturity investment securities not traded in active markets by referring to traded securities with similar attributes, using dealer quotations and a matrix pricing methodology, or discounted cash flow analyses. This methodology considers such factors as the issuer’s industry, the security’s rating and tenor, its coupon rate, its position in the capital structure of the issuer, yield curves, credit curves, composite ratings, bid-ask spreads prepayment rates and other relevant factors. For fixed maturity investment securities that are not traded in active markets or that are subject to transfer restrictions, we adjust the valuations to reflect illiquidity and/or non-transferability. Such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. We classify investment securities that are deemed to incorporate an embedded derivative and for which it is impracticable for us to isolate and/or value as trading securities at fair value. The fair value of certificates of deposit and commercial paper having maturity dates greater than three months is based on the amortized cost, which is assumed to approximate fair value. Finance Receivables The fair value of net finance receivables, less allowance for finance receivable losses, both non-impaired and purchased credit impaired, are determined using discounted cash flow methodologies. The application of these methodologies requires us to make certain judgments and estimates based on our perception of market participant views related to the economic and competitive environment, the characteristics of our finance receivables, and other similar factors. The most significant judgments and estimates made relate to prepayment speeds, default rates, loss severity, and discount rates. The degree of judgment and estimation applied is significant in light of the current capital markets and, more broadly, economic environments. Therefore, the fair value of our finance receivables could not be determined with precision and may not be realized in an actual sale. Additionally, there may be inherent weaknesses in the valuation methodologies we employed, and changes in the underlying assumptions used could significantly affect the results of current or future values. Finance Receivables Held for Sale We determined the fair value of finance receivables held for sale that were originated as held for investment based on negotiations with prospective purchasers (if any) or by using projected cash flows discounted at the weighted-average interest rates offered by us in the market for similar finance receivables. We based cash flows on contractual payment terms adjusted for estimates of prepayments and credit related losses. Restricted Cash and Cash Equivalents The carrying amount of restricted cash and cash equivalents approximates fair value. Commercial Mortgage Loans Given the short remaining average life of the portfolio, the carrying amount of commercial mortgage loans approximates fair value. The carrying amount includes an estimate for credit related losses which is based on independent third-party valuations. Real Estate Owned We initially based our estimate of the fair value on independent third-party valuations at the time we took title to real estate owned. Subsequent changes in fair value are based upon independent third-party valuations obtained periodically to estimate a price that would be received in a then current transaction to sell the asset. Escrow Advance Receivable The carrying amount of escrow advance receivable approximates fair value. Receivables Related to Sales of Real Estate Loans and Related Trust Assets The carrying amount of receivables related to sales of real estate loans and related trust assets less estimated forfeitures, which are reflected in other liabilities, approximates fair value. Long-term Debt We either receive fair value measurements of our long-term debt from market participants and pricing services or we estimate the fair values of long-term debt using projected cash flows discounted at each balance sheet date’s market-observable implicit-credit spread rates for our long-term debt. We record at fair value long-term debt issuances that are deemed to incorporate an embedded derivative and for which it is impracticable for us to isolate and/or value the derivative. At June 30, 2015 , we had no debt carried at fair value under the fair value option.

Business and Basis of Presentat

Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION We prepared our condensed consolidated financial statements using generally accepted accounting principles in the United States of America (“U.S. GAAP”). These statements are unaudited. The year-end condensed balance sheet data was derived from our audited financial statements, but does not include all disclosures required by U.S. GAAP. The statements include the accounts of SHI, its subsidiaries (all of which are wholly owned, except for certain indirect subsidiaries associated with a joint venture in which we own a 47% equity interest), and variable interest entities (“VIEs”) in which we hold a controlling financial interest and for which we are considered to be the primary beneficiary as of the financial statement date. We eliminated all material intercompany accounts and transactions. We made judgments, estimates, and assumptions that affect amounts reported in our condensed consolidated financial statements and disclosures of contingent assets and liabilities. In management’s opinion, the condensed consolidated financial statements include the normal, recurring adjustments necessary for a fair statement of results. Ultimate results could differ from our estimates. We evaluated the effects of and the need to disclose events that occurred subsequent to the balance sheet date. These statements should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (“ 2014 Annual Report on Form 10-K”). We follow the same significant accounting policies for our interim reporting.
Accounting Pronouncements Recently Adopted	ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED Troubled Debt Restructurings In January of 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure , which clarifies when an in substance repossession or foreclosure occurs — that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The ASU requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. The amendments in this ASU became effective prospectively for the Company for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this ASU did not have a material effect on our condensed consolidated financial statements. Debt Issuance Costs In April of 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest , which simplifies the presentation of debt issuance costs. Under this standard, debt issuance costs related to a note shall be reported in the balance sheet as a direct reduction from the face amount of that note. The ASU also clarifies that discount, premium or debt issuance costs shall not be classified as a deferred charge or deferred credit. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued and must be applied retrospectively. We elected to early adopt this ASU as of June 30, 2015 and have applied this ASU retrospectively. On June 30, 2015, we reclassified $32 million of debt issuance costs previously recorded in other assets to long-term debt. After retrospectively applying this new ASU, we also reclassified $29 million of debt issuance costs as of December 31, 2014 from other assets to long-term debt in our condensed consolidated balance sheet. We will continue to report fees paid to access our conduit facilities in other assets. The adoption of this ASU did not have a material effect on our condensed consolidated financial statements. Push Down Accounting In May of 2015, the FASB issued ASU 2015-08, Business Combinations-Pushdown Accounting , to remove Securities and Exchange Commission (the “SEC”) staff guidance on pushdown accounting from the Accounting Standards Codification. The SEC staff had previously rescinded its guidance with the issuance of Staff Accounting Bulletin No. 115 when the FASB issued its own pushdown accounting guidance in November 2014. The ASU is effective immediately. The adoption of this ASU did not have a material effect on our condensed consolidated financial statements. ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED Revenue from Contracts In May of 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which provides a consistent revenue accounting model across industries. In July of 2015, the FASB decided to defer the effective date of the new revenue recognition standard by one year, which would result in the ASU becoming effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Many of our revenue sources are not within the scope of this new standard, and we are evaluating whether the adoption of this ASU for those revenue sources that are in scope will have a material effect on our consolidated financial statements. Consolidation In February of 2015, the FASB issued ASU 2015-02, Consolidation - Amendments to the Consolidation Analysis , which amends the current consolidation guidance and ends the deferral granted to reporting entities with variable interests in investment companies from applying certain prior amendments to the VIE guidance. This ASU is applicable to entities across all industries, particularly those that use limited partnerships as well as entities in any industry that outsource decision making or have historically applied related party tiebreaker in their consolidation analysis and disclosures. The standard is effective for public business entities for annual periods beginning after December 15, 2015. Early adoption is allowed, including in any interim period. We are currently evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. Cloud Computing Software In April of 2015, the FASB issued ASU 2015-05, Intangibles-Goodwill and Other Internal-Use Software , to provide guidance on a customer’s accounting for fees paid in a cloud computing arrangement (“CCA”). Under the new standard, customers will apply the same criteria as vendors to determine whether a CCA contains a software license or is solely a service contract. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. We are currently evaluating the potential impact of adopting this ASU on our consolidated financial statements. Fair Value Measurement Disclosures In May of 2015, the FASB issued ASU 2015-07, Fair Value Measurement , to remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The amendments also remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. We have a few investments for which fair value is measured using the net asset value per share practical expedient. However, application of this ASU will not have a material effect on our consolidated financial statements. Short-Duration Insurance Contracts Disclosures In May of 2015, the FASB issued ASU 2015-09, Disclosures about Short-Duration Contracts , to address enhanced disclosure requirements for insurers relating to short-duration insurance contract claims and unpaid claims liability rollforward for long and short-duration contracts. The disclosures are intended to provide users of financial statements with more transparent information about an insurance entity’s initial claim estimates and subsequent adjustments to those estimates, the methodologies and judgments used to estimate claims, and the timing, frequency, and severity of claims. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. We are currently evaluating the potential impact of adopting the ASU on our consolidated financial statements. Technical Corrections and Improvements In June 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements , to correct differences between original guidance and the Codification, clarify the guidance, correct references and make minor improvements affecting a variety of topics. While most of the amendments are not expected to have a significant effect on practice, some of them could change practice for some entities. The amendments to transition guidance are effective for fiscal years beginning after December 15, 2015; all other changes are effective upon issuance of this ASU. We are currently evaluating the potential impact of this ASU on our consolidated financial statements. We do not believe that any other recently issued, but not yet effective, accounting pronouncements, if adopted, would have a material impact on our consolidated financial statements or disclosures.

Business and Basis of Present26

Business and Basis of Presentation Prior Period Adjustments (Tables)	6 Months Ended
	Jun. 30, 2015
Prior Period Adjustments [Abstract]
Schedule of revised consolidated financial statements	(dollars in millions) Consumer Real Other Assets* March 31, 2015 $ 5,117 $ 3,613 $ 1,690 December 31, 2014 4,411 4,116 441 September 30, 2014 4,633 3,745 615 June 30, 2014 4,397 6,688 963 December 31, 2013 4,139 8,650 520 * The revised amounts do not reflect the retrospective reclassifications of our debt issuance costs previously recorded in other assets to long-term debt, as a result of our early adoption of ASU 2015-03.

Finance Receivables (Tables)

Finance Receivables (Tables)	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Schedule of components of net finance receivables by type	Components of net finance receivables by type were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Retail Total June 30, 2015 Gross receivables * $ 5,033 $ 1,730 $ 569 $ 36 $ 7,368 Unearned finance charges and points and fees (840 ) — — (3 ) (843 ) Accrued finance charges 60 34 4 — 98 Deferred origination costs 47 — — — 47 Total $ 4,300 $ 1,764 $ 573 $ 33 $ 6,670 December 31, 2014 Gross receivables * $ 4,493 $ 1,941 $ 621 $ 52 $ 7,107 Unearned finance charges and points and fees (765 ) — (1 ) (5 ) (771 ) Accrued finance charges 58 38 5 1 102 Deferred origination costs 45 — — — 45 Total $ 3,831 $ 1,979 $ 625 $ 48 $ 6,483 * Gross receivables are defined as follows: • finance receivables purchased as a performing receivable — gross finance receivables equal the unpaid principal balance (“UPB”) for interest bearing accounts and the gross remaining contractual payments for precompute accounts; additionally, the remaining unearned discount, net of premium established at the time of purchase, is included in both interest bearing and precompute accounts to reflect the finance receivable balance at its fair value; • finance receivables originated subsequent to the Fortress Acquisition (as defined in the Purchased Credit Impaired Finance Receivables section located in this Note) — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; and • purchased credit impaired finance receivables — gross finance receivables equal the remaining estimated cash flows less the current balance of accretable yield on the purchased credit impaired accounts.
Schedule of unused credit lines extended to customers by the Company	Unused lines of credit extended to customers by the Company were as follows: (dollars in millions) June 30, December 31, Personal loans $ 2 $ 1 SpringCastle Portfolio 365 354 Real estate loans 31 31 Total $ 398 $ 386
Summary of net finance receivables by type and by days delinquent	The following is a summary of net finance receivables by type and by days delinquent: (dollars in millions) Personal SpringCastle Portfolio Real Retail Total June 30, 2015 Net finance receivables: 60-89 days past due $ 37 $ 22 $ 9 $ 1 $ 69 90-119 days past due 28 14 4 — 46 120-149 days past due 21 10 3 — 34 150-179 days past due 19 11 3 — 33 180 days or more past due 2 1 12 — 15 Total delinquent finance receivables 107 58 31 1 197 Current 4,126 1,662 528 31 6,347 30-59 days past due 67 44 14 1 126 Total $ 4,300 $ 1,764 $ 573 $ 33 $ 6,670 December 31, 2014 Net finance receivables: 60-89 days past due $ 37 $ 31 $ 12 $ 1 $ 81 90-119 days past due 30 19 9 — 58 120-149 days past due 24 16 5 1 46 150-179 days past due 21 14 4 — 39 180 days or more past due 2 2 12 — 16 Total delinquent finance receivables 114 82 42 2 240 Current 3,661 1,839 565 45 6,110 30-59 days past due 56 58 18 1 133 Total $ 3,831 $ 1,979 $ 625 $ 48 $ 6,483
Schedule of performing and nonperforming net finance receivables by type	Our performing and nonperforming net finance receivables by type were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Retail Total June 30, 2015 Performing $ 4,230 $ 1,728 $ 551 $ 33 $ 6,542 Nonperforming 70 36 22 — 128 Total $ 4,300 $ 1,764 $ 573 $ 33 $ 6,670 December 31, 2014 Performing $ 3,754 $ 1,928 $ 595 $ 47 $ 6,324 Nonperforming 77 51 30 1 159 Total $ 3,831 $ 1,979 $ 625 $ 48 $ 6,483
Schedule of information regarding purchased credit impaired finance receivables	Information regarding our purchased credit impaired finance receivables held for investment and held for sale were as follows: (dollars in millions) SCP Loans FA Loans Total June 30, 2015 Carrying amount, net of allowance (a) $ 279 $ 88 $ 367 Outstanding balance (b) 549 143 692 Allowance for purchased credit impaired finance receivable losses — 5 5 December 31, 2014 Carrying amount, net of allowance (a) $ 340 $ 93 $ 433 Outstanding balance (b) 628 151 779 Allowance for purchased credit impaired finance receivable losses — 5 5 (a) The carrying amount of purchased credit impaired FA Loans at June 30, 2015 and December 31, 2014 includes $64 million and $68 million , respectively, of purchased credit impaired finance receivables held for sale. (b) The outstanding balance of purchased credit impaired FA Loans at June 30, 2015 and December 31, 2014 includes $94 million and $99 million , respectively, of purchased credit impaired finance receivables held for sale.
Schedule of changes in accretable yield for purchased credit impaired finance receivables	Changes in accretable yield for purchased credit impaired finance receivables held for investment and held for sale were as follows: (dollars in millions) SCP Loans FA Loans Total Three Months Ended June 30, 2015 Balance at beginning of period $ 505 $ 16 $ 521 Accretion (a) (22 ) (2 ) (24 ) Disposals of finance receivables (b) (9 ) (1 ) (10 ) Balance at end of period $ 474 $ 13 $ 487 Three Months Ended June 30, 2014 Balance at beginning of period $ 294 $ 680 $ 974 Accretion (17 ) (27 ) (44 ) Reclassifications to nonaccretable difference (c) (1 ) — (1 ) Transfers due to finance receivables sold — (21 ) (21 ) Disposals of finance receivables (b) (9 ) (5 ) (14 ) Balance at end of period $ 267 $ 627 $ 894 Six Months Ended June 30, 2015 Balance at beginning of period $ 541 $ 19 $ 560 Accretion (a) (46 ) (5 ) (51 ) Disposals of finance receivables (b) (21 ) (1 ) (22 ) Balance at end of period $ 474 $ 13 $ 487 Six Months Ended June 30, 2014 Balance at beginning of period $ 325 $ 772 $ 1,097 Accretion (37 ) (56 ) (93 ) Reclassifications to nonaccretable difference (c) (1 ) — (1 ) Transfers due to finance receivables sold — (78 ) (78 ) Disposals of finance receivables (b) (20 ) (11 ) (31 ) Balance at end of period $ 267 $ 627 $ 894 (a) Accretion on our purchased credit impaired FA Loans for the three and six months ended June 30, 2015 includes $1 million and $3 million , respectively, of accretion on purchased credit impaired finance receivables held for sale, which is reported as interest income on finance receivables held for sale originated as held for investment. (b) Disposals of finance receivables represent finance charges forfeited due to purchased credit impaired finance receivables charged off during the period. (c) Reclassification to nonaccretable difference represent the decreases in accretion resulting from lower estimated undiscounted cash flows.
Schedule of information regarding TDR finance receivables	Information regarding TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans SpringCastle Portfolio Real Total June 30, 2015 TDR gross finance receivables (a) (b) $ 28 $ 14 $ 197 $ 239 TDR net finance receivables (c) 27 12 198 237 Allowance for TDR finance receivable losses 7 3 31 41 December 31, 2014 TDR gross finance receivables (a) (b) $ 22 $ 11 $ 196 $ 229 TDR net finance receivables (c) 22 10 196 228 Allowance for TDR finance receivable losses 1 3 32 36 (a) As defined earlier in this Note. (b) TDR real estate loan gross finance receivables at June 30, 2015 and December 31, 2014 include $91 million of TDR finance receivables held for sale. (c) TDR real estate loan net finance receivables at June 30, 2015 and December 31, 2014 include $91 million of TDR finance receivables held for sale.
Schedule of TDR average net receivables and finance charges recognized on TDR finance receivables	TDR average net receivables held for investment and held for sale and finance charges recognized on TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans SpringCastle Portfolio Real Total Three Months Ended June 30, 2015 TDR average net receivables (a) $ 28 $ 12 $ 198 $ 238 TDR finance charges recognized (b) 1 — 3 4 Three Months Ended June 30, 2014 TDR average net receivables $ 15 $ 4 $ 1,391 $ 1,410 TDR finance charges recognized 1 — 17 18 Six Months Ended June 30, 2015 TDR average net receivables (a) $ 27 $ 11 $ 196 $ 234 TDR finance charges recognized (b) 2 — 6 8 Six Months Ended June 30, 2014 TDR average net receivables $ 14 $ 2 $ 1,409 $ 1,425 TDR finance charges recognized 1 — 35 36 (a) TDR real estate loan average net receivables for the three and six months ended June 30, 2015 include $91 million of TDR average net receivables held for sale. (b) TDR real estate loan finance charges recognized for the three and six months ended June 30, 2015 include $1 million and $2 million , respectively, of interest income on TDR finance receivables held for sale.
Schedule of information regarding new volume of the TDR finance receivables	Information regarding the new volume of the TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans SpringCastle Portfolio Real Total Three Months Ended June 30, 2015 Pre-modification TDR net finance receivables (a) $ 7 $ 2 $ 6 $ 15 Post-modification TDR net finance receivables (b) $ 6 $ 2 $ 7 $ 15 Number of TDR accounts (c) 1,479 213 99 1,791 Three Months Ended June 30, 2014 Pre-modification TDR net finance receivables $ 3 $ 4 $ 79 $ 86 Post-modification TDR net finance receivables $ 4 $ 4 $ 77 $ 85 Number of TDR accounts 891 440 902 2,233 Six Months Ended June 30, 2015 Pre-modification TDR net finance receivables (a) $ 16 $ 4 $ 10 $ 30 Post-modification TDR net finance receivables (b) $ 14 $ 4 $ 11 $ 29 Number of TDR accounts (c) 3,343 408 177 3,928 Six Months Ended June 30, 2014 Pre-modification TDR net finance receivables $ 6 $ 5 $ 182 $ 193 Post-modification TDR net finance receivables $ 6 $ 5 $ 171 $ 182 Number of TDR accounts 1,553 566 1,896 4,015 (a) TDR real estate loan net finance receivables for the three and six months ended June 30, 2015 include $2 million and $3 million , respectively, of pre-modification TDR net finance receivables held for sale. (b) TDR real estate loan net finance receivables for the three and six months ended June 30, 2015 include $2 million and $3 million , respectively, of post-modification TDR net finance receivables held for sale. (c) Number of new TDR real estate loan accounts for the three and six months ended June 30, 2015 includes 35 and 44 , respectively, of new TDR accounts that were held for sale.
Schedule of net finance receivables that were modified as TDR finance receivables within the previous 12 months and for which there was a default during the period to cause TDR finance receivables to be considered nonperforming	Net finance receivables held for investment and held for sale that were modified as TDR finance receivables within the previous 12 months and for which there was a default during the period to cause the TDR finance receivables to be considered nonperforming (90 days or more past due) were as follows: (dollars in millions) Personal Loans SpringCastle Portfolio Real Total Three Months Ended June 30, 2015 TDR net finance receivables (a) (b) (c) $ 2 $ 1 $ — $ 3 Number of TDR accounts (b) 457 86 8 551 Three Months Ended June 30, 2014 TDR net finance receivables (a) (c) $ — $ — $ 13 $ 13 Number of TDR accounts 17 — 205 222 Six Months Ended June 30, 2015 TDR net finance receivables (a) (b) $ 2 $ 1 $ 1 $ 4 Number of TDR accounts (b) 514 96 26 636 Six Months Ended June 30, 2014 TDR net finance receivables (a) (c) $ — $ — $ 29 $ 29 Number of TDR accounts 32 — 434 466 (a) Represents the corresponding balance of TDR net finance receivables at the end of the month in which they defaulted. (b) Includes 4 TDR real estate loan accounts totaling less than $1 million that were held for sale for the three months ended June 30, 2015 and 13 TDR real estate loan accounts totaling $1 million that were held for sale for the six months ended June 30, 2015 . (c) TDR personal loans for the three and six months ended June 30, 2014 and TDR real estate loans for the three months ended June 30, 2015 that defaulted during the previous 12 month period were less than $1 million and, therefore, are not quantified in the table above.

Allowance for Finance Receiva28

Allowance for Finance Receivable Losses (Tables)	6 Months Ended
	Jun. 30, 2015
Loans and Leases Receivable, Allowance [Abstract]
Schedule of changes in the allowance for finance receivable losses by finance receivable type	Changes in the allowance for finance receivable losses by finance receivable type were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Retail Consolidated Total Three Months Ended June 30, 2015 Balance at beginning of period $ 134 $ 3 $ 39 $ 1 $ 177 Provision for finance receivable losses 56 23 — 1 80 Charge-offs (59 ) (26 ) (5 ) (1 ) (91 ) Recoveries 10 3 1 — 14 Balance at end of period $ 141 $ 3 $ 35 $ 1 $ 180 Three Months Ended June 30, 2014 Balance at beginning of period $ 102 $ 1 $ 260 $ 3 $ 366 Provision for finance receivable losses 46 40 29 — 115 Charge-offs (48 ) (44 ) (26 ) (2 ) (120 ) Recoveries 7 4 1 — 12 Reduction in the carrying value of real estate loans transferred to finance receivables held for sale (a) — — (5 ) — (5 ) Balance at end of period $ 107 $ 1 $ 259 $ 1 $ 368 Six Months Ended June 30, 2015 Balance at beginning of period $ 132 $ 3 $ 40 $ 1 $ 176 Provision for finance receivable losses 112 50 4 1 167 Charge-offs (121 ) (56 ) (11 ) (2 ) (190 ) Recoveries 18 6 2 1 27 Balance at end of period $ 141 $ 3 $ 35 $ 1 $ 180 Six Months Ended June 30, 2014 Balance at beginning of period $ 95 $ 1 $ 235 $ 2 $ 333 Provision for finance receivable losses 93 93 88 2 276 Charge-offs (92 ) (101 ) (54 ) (3 ) (250 ) Recoveries (b) 11 8 5 — 24 Reduction in the carrying value of real estate loans transferred to finance receivables held for sale (a) — — (15 ) — (15 ) Balance at end of period $ 107 $ 1 $ 259 $ 1 $ 368 (a) During the three and six months ended June 30, 2014 , we reduced the carrying value of certain real estate loans to $451 million and $1.3 billion , respectively, as a result of the transfer of these loans from finance receivables held for investment to finance receivables held for sale due to management’s intent to no longer hold these finance receivables for the foreseeable future. (b) Recoveries during the six months ended June 30, 2014 included $2 million of real estate loan recoveries resulting from a sale of previously charged-off real estate loans in March of 2014.
Schedule of carrying value charged-off for purchased credit impaired loans	The carrying value charged-off for purchased credit impaired loans was as follows: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Charged-off against provision for finance receivable losses: SCP Loans $ 6 $ 13 $ 13 $ 32 FA Loans gross charge-offs * 1 7 1 13 * Represents additional impairment recognized, subsequent to the establishment of the pools of purchased credit impaired loans, related to loans that have been foreclosed and transferred to real estate owned status.
Schedule of allowance for finance receivable losses and net finance receivables by type and by impairment method	The allowance for finance receivable losses and net finance receivables by type and by impairment method were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Retail Total June 30, 2015 Allowance for finance receivable losses for finance receivables: Collectively evaluated for impairment $ 134 $ — $ — $ 1 $ 135 Acquired with deteriorated credit quality (purchased credit impaired finance receivables) — — 4 — 4 Individually evaluated for impairment (TDR finance receivables) 7 3 31 — 41 Total $ 141 $ 3 $ 35 $ 1 $ 180 Finance receivables: Collectively evaluated for impairment $ 4,273 $ 1,473 $ 346 $ 33 $ 6,125 Purchased credit impaired finance receivables — 279 29 — 308 TDR finance receivables 27 12 198 — 237 Total $ 4,300 $ 1,764 $ 573 $ 33 $ 6,670 December 31, 2014 Allowance for finance receivable losses for finance receivables: Collectively evaluated for impairment $ 131 $ — $ 3 $ 1 $ 135 Purchased credit impaired finance receivables — — 5 — 5 TDR finance receivables 1 3 32 — 36 Total $ 132 $ 3 $ 40 $ 1 $ 176 Finance receivables: Collectively evaluated for impairment $ 3,809 $ 1,629 $ 490 $ 48 $ 5,976 Purchased credit impaired finance receivables — 340 30 — 370 TDR finance receivables 22 10 105 — 137 Total $ 3,831 $ 1,979 $ 625 $ 48 $ 6,483

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2015
Investment securities
Schedule of the cost/amortized cost, unrealized gains and losses, and fair value of available-for-sale securities by type	Cost/amortized cost, unrealized gains and losses, and fair value of available-for-sale securities by type were as follows: (dollars in millions) Cost/ Amortized Cost Unrealized Gains Unrealized Losses Fair Value June 30, 2015 Fixed maturity available-for-sale securities: Bonds: U.S. government and government sponsored entities $ 49 $ 1 $ — $ 50 Obligations of states, municipalities, and political subdivisions 87 — — 87 Certificates of deposit and commercial paper (a) 1 — — 1 Corporate debt 261 5 (3 ) 263 Mortgage-backed, asset-backed, and collateralized: Residential mortgage-backed securities (“RMBS”) 86 1 (1 ) 86 Commercial mortgage-backed securities (“CMBS”) 43 — — 43 Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”) 48 — — 48 Total 575 7 (4 ) 578 Preferred stock 7 — — 7 Other long-term investments 1 — — 1 Total (b) $ 583 $ 7 $ (4 ) $ 586 December 31, 2014 Fixed maturity available-for-sale securities: Bonds: U.S. government and government sponsored entities $ 61 $ 3 $ — $ 64 Obligations of states, municipalities, and political subdivisions 99 3 — 102 Certificates of deposit and commercial paper (a) 3 — — 3 Corporate debt 256 12 (1 ) 267 Mortgage-backed, asset-backed, and collateralized: RMBS 71 2 — 73 CMBS 25 — (1 ) 24 CDO/ABS 63 — — 63 Total 578 20 (2 ) 596 Preferred stock 7 — — 7 Other long-term investments 1 — — 1 Total (b) $ 586 $ 20 $ (2 ) $ 604 (a) Includes certificates of deposit totaling $1 million and $2 million pledged as collateral, primarily to support bank lines of credit at June 30, 2015 and December 31, 2014 , respectively. (b) Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at June 30, 2015 and December 31, 2014 , which is classified as a restricted investment and carried at cost.
Schedule of fair value and unrealized losses on investment securities by type and length of time in a continuous unrealized loss position	Fair value and unrealized losses on available-for-sale securities by type and length of time in a continuous unrealized loss position were as follows: Less Than 12 Months 12 Months or Longer Total (dollars in millions) Fair Value Unrealized Losses * Fair Value Unrealized Losses * Fair Value Unrealized Losses June 30, 2015 Bonds: U.S. government and government sponsored entities $ 11 $ — $ 1 $ — $ 12 $ — Obligations of states, municipalities, and political subdivisions 27 — 6 — 33 — Corporate debt 91 (3 ) — — 91 (3 ) RMBS 42 (1 ) — — 42 (1 ) CMBS 21 — 3 — 24 — CDO/ABS 22 — — — 22 — Total 214 (4 ) 10 — 224 (4 ) Preferred stock 7 — — — 7 — Other long-term investments 1 — — — 1 — Total $ 222 $ (4 ) $ 10 $ — $ 232 $ (4 ) December 31, 2014 Bonds: U.S. government and government sponsored entities $ — $ — $ 1 $ — $ 1 $ — Obligations of states, municipalities, and political subdivisions 27 — 1 — 28 — Corporate debt 36 (1 ) 6 — 42 (1 ) RMBS 9 — — — 9 — CMBS 16 (1 ) 2 — 18 (1 ) CDO/ABS 46 — — — 46 — Total 134 (2 ) 10 — 144 (2 ) Preferred stock 6 — — — 6 — Total $ 140 $ (2 ) $ 10 $ — $ 150 $ (2 ) * Unrealized losses on certain available-for-sale securities were less than $ 1 million and, therefore, are not quantified in the table above.
Schedule of contractual maturities of fixed-maturity available-for-sale securities	Contractual maturities of fixed-maturity available-for-sale securities at June 30, 2015 were as follows: (dollars in millions) Fair Value Amortized Cost Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities: Due in 1 year or less $ 45 $ 45 Due after 1 year through 5 years 146 145 Due after 5 years through 10 years 86 85 Due after 10 years 124 123 Mortgage-backed, asset-backed, and collateralized securities 177 177 Total $ 578 $ 575
Schedule of fair value of trading securities by type	The fair value of trading securities by type was as follows: (dollars in millions) June 30, December 31, Fixed maturity trading securities: Bonds: U.S. government and government sponsored entities $ 841 $ 303 Obligations of states, municipalities, and political subdivisions 3 14 Certificates of deposit and commercial paper — 238 Non-U.S. government and government sponsored entities — 20 Corporate debt 484 1,056 Mortgage-backed, asset-backed, and collateralized: RMBS 13 36 CMBS 118 151 CDO/ABS 225 512 Total $ 1,684 $ 2,330
Available-for-sale securities
Investment securities
Schedule of realized gains, realized losses, and net realized gains due to sale or redemption of fair values of available-for-sale securities	The fair values of available-for-sale securities sold or redeemed and the resulting realized gains, realized losses, and net realized gains were as follows: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Fair value $ 130 $ 50 $ 206 $ 107 Realized gains $ 4 $ — $ 11 $ 2 Realized losses — — (1 ) — Net realized gains $ 4 $ — $ 10 $ 2
Trading securities
Investment securities
Schedule of net unrealized and realized gains (losses) on trading securities	The net unrealized and realized gains on our trading securities, which we report in investment revenues, were as follows: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net unrealized gains on trading securities held at period end $ 1 $ 1 $ 4 $ 1 Net realized gains on trading securities sold or redeemed (1 ) — (1 ) — Total $ — $ 1 $ 3 $ 1

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of principal maturities of long-term debt by type of debt	Principal maturities of long-term debt (excluding projected securitization repayments by period) by type of debt at June 30, 2015 were as follows: (dollars in millions) Retail Notes Medium Term Notes Securitizations Junior Subordinated Debt Total Interest rates (a) 7.00%-7.50% 5.25%-8.25% 2.41%-6.82% 6.00 % Third quarter 2015 $ 24 $ — $ — $ — $ 24 Fourth quarter 2015 — 750 — — 750 First quarter 2016 — — — — — Second quarter 2016 — — — — — Remainder of 2016 — 375 — — 375 2017 — 1,902 — — 1,902 2018 — — — — — 2019 — 700 — — 700 2020-2067 — 1,250 — 350 1,600 Securitizations (b) — — 4,919 — 4,919 Total principal maturities $ 24 $ 4,977 $ 4,919 $ 350 $ 10,270 Total carrying amount (c) $ 23 $ 4,577 $ 4,904 $ 172 $ 9,676 Debt issuance costs (d) $ — $ (13 ) $ (19 ) $ — $ (32 ) (a) The interest rates shown are the range of contractual rates in effect at June 30, 2015 . (b) Securitizations are not included in above maturities by period due to their variable monthly repayments. See Note 10 for further information on our long-term debt associated with securitizations. (c) The net carrying amount of our long-term debt associated with certain securitizations that were either (1) issued at a premium or discount or (2) revalued at a premium or discount based on its fair value at the time of the Fortress Acquisition or (3) recorded at fair value on a recurring basis in circumstances when the embedded derivative within the securitization structure cannot be separately accounted for at fair value. (d) As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2015
Variable Interest Entities
Schedule of carrying amounts of consolidated VIE assets and liabilities associated with securitization trusts	The carrying amounts of consolidated VIE assets and liabilities associated with our securitization trusts were as follows: (dollars in millions) June 30, December 31, Assets Finance receivables: Personal loans $ 3,059 $ 1,853 SpringCastle Portfolio 1,764 1,979 Allowance for finance receivable losses 120 72 Restricted cash and cash equivalents 320 210 Liabilities Long-term debt * $ 4,904 $ 3,630 * As a result of our early adoption of ASU 2015-03, we reclassified $19 million and $14 million of debt issuance costs related to our long-term debt associated with our securitizations as of June 30, 2015 and December 31, 2014, respectively, from other assets to long-term debt.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of computation of earnings per share	The computation of earnings (loss) per share was as follows: (dollars in millions except earnings (loss) per share) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator (basic and diluted): Net income (loss) attributable to Springleaf Holdings, Inc. $ (12 ) $ 72 $ (12 ) $ 124 Denominator: Weighted average number of shares outstanding (basic) 127,411,208 114,788,439 121,253,548 114,788,439 Effect of dilutive securities * — 387,582 — 372,001 Weighted average number of shares outstanding (diluted) 127,411,208 115,176,021 121,253,548 115,160,440 Earnings (loss) per share: Basic $ (0.09 ) $ 0.63 $ (0.10 ) $ 1.09 Diluted $ (0.09 ) $ 0.63 $ (0.10 ) $ 1.08 * We have excluded the following shares in the diluted earnings (loss) per share calculation for the three and six months ended June 30, 2015 because these shares would be anti-dilutive, which could impact the earnings per share calculation in the future: • 593,331 performance shares and 490,464 service shares for the three months ended June 30, 2015 ; and • 593,331 performance shares and 447,825 service shares for the six months ended June 30, 2015 .

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of changes in accumulated other comprehensive income	Changes in accumulated other comprehensive income (loss) were as follows: (dollars in millions) Unrealized Gains Investment Securities Retirement Plan Liabilities Adjustments Foreign Currency Translation Adjustments Total Accumulated Other Comprehensive Income (Loss) Three Months Ended June 30, 2015 Balance at beginning of period $ 11 $ (13 ) $ 5 $ 3 Other comprehensive loss before reclassifications (6 ) — (1 ) (7 ) Reclassification adjustments from accumulated other comprehensive income (loss) (3 ) — — (3 ) Balance at end of period $ 2 $ (13 ) $ 4 $ (7 ) Three Months Ended June 30, 2014 Balance at beginning of period $ 9 $ 20 $ 4 $ 33 Other comprehensive income before reclassifications 6 — — 6 Reclassification adjustments from accumulated other comprehensive income (1 ) — — (1 ) Balance at end of period $ 14 $ 20 $ 4 $ 38 Six Months Ended June 30, 2015 Balance at beginning of period $ 12 $ (13 ) $ 4 $ 3 Other comprehensive loss before reclassifications (3 ) — — (3 ) Reclassification adjustments from accumulated other comprehensive income (loss) (7 ) — — (7 ) Balance at end of period $ 2 $ (13 ) $ 4 $ (7 ) Six Months Ended June 30, 2014 Balance at beginning of period $ 4 $ 20 $ 4 $ 28 Other comprehensive income before reclassifications 12 — — 12 Reclassification adjustments from accumulated other comprehensive income (2 ) — — (2 ) Balance at end of period $ 14 $ 20 $ 4 $ 38
Schedule of reclassification adjustments from accumulated other comprehensive income	Reclassification adjustments from accumulated other comprehensive income (loss) to the applicable line item on our condensed consolidated statements of operations were as follows: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Unrealized gains on investment securities: Reclassification from accumulated other comprehensive income (loss) to investment revenues, before taxes $ 4 $ 1 $ 10 $ 3 Income tax effect (1 ) — (3 ) (1 ) Reclassification from accumulated other comprehensive income (loss) to investment revenues, net of taxes $ 3 $ 1 $ 7 $ 2

Contingencies (Tables)

Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Finance Receivables Activity in Reserve for Sales Recourse Obligations	The activity in our reserve for sales recourse obligations associated with the real estate loan sales during 2014 and other prior sales of finance receivables was as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2015 2014 2015 2014 Balance at beginning of period $ 24 $ 5 $ 24 $ 5 Recourse losses (5 ) — (5 ) — Provision for recourse obligations, net of recoveries * (1 ) — (1 ) — Balance at end of period $ 18 $ 5 $ 18 $ 5 * Reflects the elimination of the reserve associated with other prior sales of finance receivables.

Benefit Plans (Tables)

Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of components of net periodic benefit cost	The following table presents the components of net periodic benefit cost with respect to our defined benefit pension plans: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Pension Components of net periodic benefit cost: Interest cost $ 4 $ 4 $ 8 $ 8 Expected return on assets (4 ) (4 ) (9 ) (8 ) Net periodic benefit cost $ — $ — $ (1 ) $ —

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of information about the Company's segments as well as reconciliations to consolidated financial statement amounts	The following tables present information about the Company’s segments as well as reconciliations to the condensed consolidated financial statement amounts. (dollars in millions) Consumer and Insurance Acquisitions and Servicing Real Other Eliminations Push-down Consolidated Three Months Ended Interest income $ 269 $ 120 $ 17 $ 3 $ — $ 4 $ 413 Interest expense 36 22 59 22 — 32 171 Provision for finance receivable losses 54 23 (5 ) 1 — 7 80 Net interest income (loss) after provision for finance receivable losses 179 75 (37 ) (20 ) — (35 ) 162 Other revenues 56 13 3 — (13 ) (3 ) 56 Other expenses 159 26 9 25 (13 ) 1 207 Income (loss) before provision for (benefit from) income taxes 76 62 (43 ) (45 ) — (39 ) 11 Income before provision for income taxes attributable to non-controlling interests — 31 — — — — 31 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc. $ 76 $ 31 $ (43 ) $ (45 ) $ — $ (39 ) $ (20 ) (dollars in millions) Consumer and Insurance Acquisitions Real Other Eliminations Push-down Consolidated Three Months Ended Interest income $ 220 $ 137 $ 137 $ 4 $ — $ 35 $ 533 Interest expense 41 18 95 2 — 36 192 Provision for finance receivable losses 48 41 20 4 — 2 115 Net interest income (loss) after provision for finance receivable losses 131 78 22 (2 ) — (3 ) 226 Other revenues 58 19 (24 ) — (17 ) 56 92 Other expenses 129 32 21 5 (17 ) 1 171 Income (loss) before provision for (benefit from) income taxes 60 65 (23 ) (7 ) — 52 147 Income before provision for income taxes attributable to non-controlling interests — 31 — — — — 31 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc. $ 60 $ 34 $ (23 ) $ (7 ) $ — $ 52 $ 116 (dollars in millions) Consumer and Insurance Acquisitions and Servicing Real Estate Other Eliminations Push-down Accounting Adjustments Consolidated Total At or for the Six Months Ended Interest income $ 525 $ 247 $ 35 $ 5 $ — $ 7 $ 819 Interest expense 76 45 119 32 (5 ) 62 329 Provision for finance receivable losses 110 50 (3 ) 1 — 9 167 Net interest income (loss) after provision for finance receivable losses 339 152 (81 ) (28 ) 5 (64 ) 323 Other revenues 107 32 6 — (32 ) (6 ) 107 Other expenses 305 55 16 30 (27 ) 2 381 Income (loss) before provision for (benefit from) income taxes 141 129 (91 ) (58 ) — (72 ) 49 Income before provision for income taxes attributable to non-controlling interests — 62 — — — — 62 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc. $ 141 $ 67 $ (91 ) $ (58 ) $ — $ (72 ) $ (13 ) Assets * $ 5,301 $ 1,854 $ 3,541 $ 2,538 $ — $ 74 $ 13,308 * As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt as of June 30, 2015. (dollars in millions) Consumer and Insurance Acquisitions and Servicing Real Estate Other Eliminations Push-down Accounting Adjustments Consolidated Total At or for the Six Months Ended Interest income $ 430 $ 283 $ 292 $ 9 $ — $ 71 $ 1,085 Interest expense 82 40 207 4 — 64 397 Provision for finance receivable losses 93 94 82 5 — 2 276 Net interest income after provision for finance receivable losses 255 149 3 — — 5 412 Other revenues 107 20 (89 ) 1 (35 ) 169 173 Other expenses 254 65 42 11 (35 ) 2 339 Income (loss) before provision for (benefit from) income taxes 108 104 (128 ) (10 ) — 172 246 Income before provision for income taxes attributable to non-controlling interests — 47 — — — — 47 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc. $ 108 $ 57 $ (128 ) $ (10 ) $ — $ 172 $ 199 Assets (a) (b) $ 4,366 $ 2,383 $ 6,682 $ 957 $ — $ (349 ) $ 14,039 (a) As a result of our early adoption of ASU 2015-03, we reclassified $44 million of debt issuance costs from other assets to long-term debt as of June 30, 2014.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair value measurements
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Net gains (losses) included in: Purchases, Transfers into Transfers Balance Balance at beginning of period Other Other (dollars in millions) Three Months Ended Investment securities: Available-for-sale securities: Bonds: Corporate debt $ 9 $ — $ — $ (4 ) $ — $ — $ 5 CDO/ABS 1 — — — — (1 ) — Total 10 — — (4 ) — (1 ) 5 Other long-term investments 1 — — — — — 1 Total available-for-sale securities 11 — — (4 ) — (1 ) 6 Trading securities: Bonds: RMBS 1 — — — — (1 ) — CDO/ABS 7 — — — — (1 ) 6 Total trading securities 8 — — — — (2 ) 6 Total $ 19 $ — $ — $ (4 ) $ — $ (3 ) $ 12 (a) “Purchases, sales, issues, and settlements” column consisted only of settlements. (b) During the three months ended June 30, 2014 , we transferred RMBS and CDO/ABS securities totaling $3 million out of Level 3 primarily due to greater pricing transparency. The following table presents changes in Level 3 assets measured at fair value on a recurring basis for the six months ended June 30, 2014 : Net gains (losses) included in: Purchases, sales, issues, settlements (a) Transfers into Level 3 (b) Transfers out of Level 3 (c) Balance at end of period Balance at beginning of period Other revenues Other comprehensive income (loss) (dollars in millions) Six Months Ended Investment securities: Available-for-sale securities: Bonds: Corporate debt $ 13 $ — $ — $ (8 ) $ — $ — $ 5 CDO/ABS 1 — — — — (1 ) — Total 14 — — (8 ) — (1 ) 5 Other long-term investments 1 — — — — — 1 Total available-for-sale securities 15 — — (8 ) — (1 ) 6 Trading securities: Bonds: RMBS — — — — 1 (1 ) — CDO/ABS 7 — — — — (1 ) 6 Total trading securities 7 — — — 1 (2 ) 6 Total $ 22 $ — $ — $ (8 ) $ 1 $ (3 ) $ 12 (a) “Purchases, sales, issues, and settlements” column consisted only of settlements for the six months ended June 30, 2014 , as the purchases were less than $1 million . (b) During the six months ended June 30, 2014 , we transferred $1 million of RMBS securities into Level 3 primarily due to lesser pricing transparency. (c) During the six months ended June 30, 2014 , we transferred RMBS and CDO/ABS securities totaling $3 million out of Level 3 primarily due to greater pricing transparency. Net gains (losses) included in: Purchases, sales, issues, settlements * Transfers into Transfers Balance Balance at beginning of period Other revenues Other comprehensive income (loss) (dollars in millions) Three Months Ended Investment securities: Available-for-sale securities: Bonds: Corporate debt $ 4 $ — $ — $ (4 ) $ — $ — $ — Other long-term investments 1 — — — — — 1 Total $ 5 $ — $ — $ (4 ) $ — $ — $ 1 The following table presents changes in Level 3 assets measured at fair value on a recurring basis for the six months ended June 30, 2015 : Net gains (losses) included in: Purchases, sales, issues, settlements (a) Transfers into Transfers Balance Balance at Other Other (dollars in millions) Six Months Ended Investment securities: Available-for-sale securities: Bonds: Corporate debt $ 4 $ — $ — $ (4 ) $ — $ — $ — CMBS 3 — — — — (3 ) — Total 7 — — (4 ) — (3 ) — Other long-term investments 1 — — — — — 1 Total $ 8 $ — $ — $ (4 ) $ — $ (3 ) $ 1 (a) “Purchases, sales, issues, and settlements” column consisted only of settlements. (b) During the six months ended June 30, 2015 , we transferred CMBS securities totaling $3 million out of Level 3 primarily related to the greater observability of pricing inputs.
Schedule of fair values and carrying values of financial instruments and fair value hierarchy based on the level of inputs utilized to determine such fair value	The following table summarizes the fair values and carrying values of our financial instruments and indicates the fair value hierarchy based on the level of inputs we utilized to determine such fair values: Fair Value Measurements Using Total Total (dollars in millions) Level 1 Level 2 Level 3 June 30, 2015 Assets Cash and cash equivalents $ 3,594 $ — $ — $ 3,594 $ 3,594 Investment securities — 2,269 2 2,271 2,271 Net finance receivables, less allowance for finance receivable losses — — 7,132 7,132 6,490 Finance receivables held for sale — — 197 197 193 Restricted cash and cash equivalents 333 — — 333 333 Other assets: Commercial mortgage loans — — 71 71 71 Escrow advance receivable — — 9 9 9 Receivables related to sales of real estate loans and related trust assets — 9 — 9 18 Liabilities Long-term debt $ — $ 10,431 $ — $ 10,431 $ 9,676 December 31, 2014 Assets Cash and cash equivalents $ 879 $ — $ — $ 879 $ 879 Investment securities — 2,926 9 2,935 2,935 Net finance receivables, less allowance for finance receivable losses — — 6,979 6,979 6,307 Finance receivables held for sale — — 209 209 205 Restricted cash and cash equivalents 218 — — 218 218 Other assets: Commercial mortgage loans — — 78 78 85 Escrow advance receivable — — 8 8 8 Receivables related to sales of real estate loans and related trust assets — 67 — 67 79 Liabilities Long-term debt $ — $ 9,182 $ — $ 9,182 $ 8,356
Schedule of assets and liabilities measured at fair value on a recurring basis	The following tables present information about our assets measured at fair value on a recurring basis and indicates the fair value hierarchy based on the levels of inputs we utilized to determine such fair value: Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 June 30, 2015 Assets Cash equivalents in mutual funds $ 905 $ — $ — $ 905 Investment securities: Available-for-sale securities: Bonds: U.S. government and government sponsored entities — 50 — 50 Obligations of states, municipalities, and political subdivisions — 87 — 87 Certificates of deposit and commercial paper — 1 — 1 Corporate debt — 263 — 263 RMBS — 86 — 86 CMBS — 43 — 43 CDO/ABS — 48 — 48 Total — 578 — 578 Preferred stock — 7 — 7 Other long-term investments (a) — — 1 1 Total available-for-sale securities (b) — 585 1 586 Trading securities: Bonds: U.S. government and government sponsored entities — 841 — 841 Obligations of states, municipalities, and political subdivisions — 3 — 3 Corporate debt — 484 — 484 RMBS — 13 — 13 CMBS — 118 — 118 CDO/ABS — 225 — 225 Total trading securities — 1,684 — 1,684 Total investment securities — 2,269 1 2,270 Restricted cash in mutual funds 312 — — 312 Total $ 1,217 $ 2,269 $ 1 $ 3,487 Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2014 Assets Cash equivalents in mutual funds $ 236 $ — $ — $ 236 Cash equivalents in certificates of deposit and commercial paper — 165 — 165 Investment securities: Available-for-sale securities: Bonds: U.S. government and government sponsored entities — 64 — 64 Obligations of states, municipalities, and political subdivisions — 102 — 102 Certificates of deposit and commercial paper — 3 — 3 Corporate debt — 263 4 267 RMBS — 73 — 73 CMBS — 21 3 24 CDO/ABS — 63 — 63 Total — 589 7 596 Preferred stock — 7 — 7 Other long-term investments (a) — — 1 1 Total available-for-sale securities (b) — 596 8 604 Trading securities: Bonds: U.S. government and government sponsored entities — 303 — 303 Obligations of states, municipalities, and political subdivisions — 14 — 14 Certificates of deposit and commercial paper — 238 — 238 Non-U.S. government and government sponsored entities — 20 — 20 Corporate debt — 1,056 — 1,056 RMBS — 36 — 36 CMBS — 151 — 151 CDO/ABS — 512 — 512 Total trading securities — 2,330 — 2,330 Total investment securities — 2,926 8 2,934 Restricted cash in mutual funds 207 — — 207 Total $ 443 $ 3,091 $ 8 $ 3,542 (a) Other long-term investments excludes an immaterial interest in a limited partnership that we account for using the equity method. (b) Common stocks not carried at fair value totaled $1 million at June 30, 2015 and December 31, 2014 and, therefore, have been excluded from the table above.
Quantitative information about Level 3 inputs for assets measured on a recurring basis	Quantitative information about Level 3 inputs for our assets measured at fair value on a recurring basis for which information about the unobservable inputs is reasonably available to us at June 30, 2015 and December 31, 2014 is as follows: Range (Weighted Average) Valuation Technique(s) Unobservable Input June 30, 2015 December 31, 2014 Corporate debt Discounted cash flows Yield — 1.05% (a) RMBS Discounted cash flows Spread 730 bps (a) 736 bps (a) (b) CMBS Discounted cash flows Spread — 139 bps (a) (b) Other long-term investments Discounted cash flows and indicative valuations Historical costs Nature of investment Local market conditions Comparables Operating performance Recent financing activity N/A (c) N/A (c) (a) At June 30, 2015 and December 31, 2014, RMBS consisted of one bond. At December 31, 2014, corporate debt and CMBS also consisted of one bond. (b) During the first quarter of 2015, we identified that we incorrectly disclosed the weighted average ranges of our RMBS bond and CMBS bond as of December 31, 2014. The weighted average ranges of these bonds at December 31, 2014 have been corrected in the table above. (c) Not applicable.
Schedule of assets measured at fair value on a non-recurring basis on which impairment charges were recorded	Assets measured at fair value on a non-recurring basis on which we recorded impairment charges were as follows: Fair Value Measurements Using * (dollars in millions) Level 1 Level 2 Level 3 Total June 30, 2015 Assets Real estate owned $ — $ — $ 12 $ 12 Commercial mortgage loans — — 8 8 Total $ — $ — $ 20 $ 20 December 31, 2014 Assets Real estate owned $ — $ — $ 19 $ 19 Commercial mortgage loans — — 11 11 Total $ — $ — $ 30 $ 30 * The fair value information presented in the table above is as of the date the fair value adjustment was recorded.
Schedule of net impairment charges recorded on assets measured at fair value on a non-recurring basis	Net impairment charges recorded on assets measured at fair value on a non-recurring basis were as follows: (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Assets Real estate owned $ 1 $ 4 $ 2 $ 10 Commercial mortgage loans (2 ) (1 ) (2 ) (1 ) Total $ (1 ) $ 3 $ — $ 9
Quantitative information about Level 3 inputs for assets measured on a nonrecurring basis	Quantitative information about Level 3 inputs for our assets measured at fair value on a non-recurring basis at June 30, 2015 and December 31, 2014 is as follows: Range (Weighted Average) Valuation Technique(s) Unobservable Input June 30, 2015 December 31, 2014 Real estate owned Market approach Third-party valuation N/A* N/A* Commercial mortgage loans Market approach Local market conditions Nature of investment Comparable property sales Operating performance N/A* N/A* * Not applicable.

Business and Basis of Present38

Business and Basis of Presentation (Details)	Jun. 30, 2015	May. 04, 2015
Related party transactions
Equity method investment, ownership percentage	47.00%
Springleaf Financial Holdings, LLC
Related party transactions
Common Stock Ownership Percentage by Related Party	58.00%
Affiliates of Fortress or AIG
Related party transactions
Common Stock Ownership Percentage by Related Party		55.00%
Subsidiaries of American International Group Inc
Related party transactions
Common Stock Ownership Percentage by Related Party		3.00%

Business and Basis of Present39

Business and Basis of Presentation Prior Period Adjustments (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015		Jun. 30, 2014		Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Assets		$ 13,308	[1]	$ 14,039	[2],[3]	$ 13,308	[1]	$ 14,039	[2],[3]		$ 11,029
Provision for finance receivable losses		80		115		167		276
Income Tax Expense (Benefit)		$ (8)		$ 44		$ (1)		$ 75
Earnings Per Share, Basic		$ (0.09)		$ 0.63		$ (0.10)		$ 1.09
Earnings Per Share, Diluted		$ (0.09)		$ 0.63		$ (0.10)		$ 1.08
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Provision for finance receivable losses				$ 8				$ 8
Income Tax Expense (Benefit)				$ (3)				$ (3)
Earnings Per Share, Basic				$ (0.03)				$ (0.03)
Earnings Per Share, Diluted				$ (0.03)				$ (0.03)
Operating segments | Consumer
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Assets		$ 5,301	[1]	$ 4,366	[2],[3]	$ 5,301	[1]	$ 4,366	[2],[3]
Provision for finance receivable losses		54		48		110		93
Operating segments | Consumer | Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Assets	[4]			4,397				4,397		$ 5,117	4,411	$ 4,633	$ 4,139
Operating segments | Real estate loans
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Assets		3,541	[1]	6,682	[2],[3]	3,541	[1]	6,682	[2],[3]
Provision for finance receivable losses		(5)		20		(3)		82
Operating segments | Real estate loans | Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Assets	[4]			6,688				6,688		3,613	4,116	3,745	8,650
Other
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Assets		2,538	[1]	957	[2],[3]	2,538	[1]	957	[2],[3]
Provision for finance receivable losses		$ 1		4		$ 1		5
Other | Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Assets	[4]			$ 963				$ 963		$ 1,690	$ 441	$ 615	$ 520
[1]	As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt as of June 30, 2015.
[2]	(b)See Note 1 for further information on the correction of this prior period disclosure.
[3]	As a result of our early adoption of ASU 2015-03, we reclassified $44 million of debt issuance costs from other assets to long-term debt as of June 30, 2014.
[4]	The revised amounts do not reflect the retrospective reclassifications of our debt issuance costs previously recorded in other assets to long-term debt, as a result of our early adoption of ASU 2015-03.

Significant Transactions Pendin

Significant Transactions Pending OneMain Acquisition (Details) - Jun. 30, 2015 - OneMain Financial Holdings, Inc. $ in Millions	USD ($)statebranch
Business Acquisition [Line Items]
Aggregate Purchase Price	$ 4,250
OneMain stockholders equity at closing	$ 1,940
Springleaf and OneMain (combined basis) number of branches | branch	2,000
OneMain’s larger geographic footprint (number of states) | state	43
Maximum Allowed for Revenues for Separate Accounts	$ 677
Seller termination fee	$ 213

Significant Transactions Equity

Significant Transactions Equity Transaction (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jun. 30, 2015	May. 04, 2015
Business Acquisition [Line Items]
Common Shares Offered in Secondary Offering		27,864,525
Common Shares Underwriters Option to Purchase in Secondary Offering		4,179,678
Share Price (usd per share)		$ 51.50
Share Price, Discount (usd per share)		$ 1.15875
Net Proceeds from Sale of Secondary offering		$ 976
Secondary offering related expenses		$ 24
Incentive Distribution, Distribution	$ 15
Springleaf Holding Inc
Business Acquisition [Line Items]
Common Shares Offered in Secondary Offering		19,417,476
Affiliates of Fortress or AIG
Business Acquisition [Line Items]
Common Shares Offered in Secondary Offering		8,447,049

Recent Accounting Pronounceme42

Recent Accounting Pronouncements ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED (Details) - USD ($) $ in Millions	Jun. 30, 2015		Dec. 31, 2014	Jun. 30, 2014
New Accounting Pronouncement, Early Adoption [Line Items]
Other assets	$ 427		$ 485
Long-term debt	9,676	[1]	8,356
New Accounting Pronouncement, Early Adoption, Effect
New Accounting Pronouncement, Early Adoption [Line Items]
Other assets	32		29	$ 44
Long-term debt	$ (32)	[2]	$ (29)	$ (44)
[1]	The net carrying amount of our long-term debt associated with certain securitizations that were either (1) issued at a premium or discount or (2) revalued at a premium or discount based on its fair value at the time of the Fortress Acquisition or (3) recorded at fair value on a recurring basis in circumstances when the embedded derivative within the securitization structure cannot be separately accounted for at fair value.
[2]	(d)As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt.

Finance Receivables (Details)

Finance Receivables (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Finance Receivables
Minimum balance to be TDRs, that subsequently defaulted to be disclosed.	$ 1,000,000		$ 0
Equity method investment, ownership percentage		47.00%
Net finance receivables		$ 6,670,000,000		$ 6,483,000,000
Finance receivables held for sale		193,000,000		205,000,000
Amount of commitments to lend additional funds on TDR finance receivables		$ 0
Real estate loans secured by first mortgage
Finance Receivables
Percentage of net finance receivables outstanding		38.00%
Real estate loans secured by second mortgage
Finance Receivables
Percentage of net finance receivables outstanding		62.00%
Personal loans
Finance Receivables
Net finance receivables		$ 4,300,000,000		3,831,000,000
Personal loans | Consumer Loan Securitizations | Consolidated VIEs
Finance Receivables
Net finance receivables		3,059,000,000		1,853,000,000
Personal loans | Titled personal property
Finance Receivables
Amount of receivable secured by personal property		$ 2,300,000,000
Percentage of net finance receivables secured by the real and/or personal property of the borrower		53.00%
Personal loans | Consumer household goods or other items of personal property
Finance Receivables
Amount of receivable secured by personal property		$ 2,000,000,000
Percentage of net finance receivables secured by the real and/or personal property of the borrower		47.00%
Personal loans | Minimum [Member]
Finance Receivables
Financing Receivables, Original Term		2 years
Personal loans | Maximum
Finance Receivables
Financing Receivables, Original Term		5 years
Real estate loans
Finance Receivables
Net finance receivables		$ 573,000,000		625,000,000
Real estate loans | Real estate loans secured by first mortgage
Finance Receivables
Net finance receivables		215,000,000
Real estate loans | Real estate loans secured by second mortgage
Finance Receivables
Net finance receivables		$ 358,000,000
Real estate loans | Maximum
Finance Receivables
Financing Receivables, Original Term		360 months
Retail Sales Finance
Finance Receivables
Net finance receivables		$ 33,000,000		48,000,000
Retail Sales Finance | Maximum
Finance Receivables
Financing Receivables, Original Term		60 months
SpringCastle Portfolio
Finance Receivables
Net finance receivables		$ 1,764,000,000		1,979,000,000
SpringCastle Portfolio | Consolidated VIEs
Finance Receivables
Net finance receivables		$ 1,764,000,000		$ 1,979,000,000
Revolving Retail
Finance Receivables
Accrual of finance charges, past due period		180 days

Finance Receivables (Details 2)

Finance Receivables (Details 2) - USD ($) $ in Millions		Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivables	[1]	$ 7,368	$ 7,107
Unearned finance charges and points and fees		(843)	(771)
Accrued finance charges		98	102
Deferred origination costs		47	45
Net finance receivables		6,670	6,483
Personal loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivables	[1]	5,033	4,493
Unearned finance charges and points and fees		(840)	(765)
Accrued finance charges		60	58
Deferred origination costs		47	45
Net finance receivables		4,300	3,831
SpringCastle Portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivables	[1]	1,730	1,941
Unearned finance charges and points and fees		0	0
Accrued finance charges		34	38
Deferred origination costs		0	0
Net finance receivables		1,764	1,979
Real estate loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivables	[1]	569	621
Unearned finance charges and points and fees		0	(1)
Accrued finance charges		4	5
Deferred origination costs		0	0
Net finance receivables		573	625
Retail Sales Finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivables	[1]	36	52
Unearned finance charges and points and fees		(3)	(5)
Accrued finance charges		0	1
Deferred origination costs		0	0
Net finance receivables		$ 33	$ 48
[1]	Gross receivables are defined as follows:•finance receivables purchased as a performing receivable — gross finance receivables equal the unpaid principal balance (“UPB”) for interest bearing accounts and the gross remaining contractual payments for precompute accounts; additionally, the remaining unearned discount, net of premium established at the time of purchase, is included in both interest bearing and precompute accounts to reflect the finance receivable balance at its fair value;•finance receivables originated subsequent to the Fortress Acquisition (as defined in the Purchased Credit Impaired Finance Receivables section located in this Note) — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; and•purchased credit impaired finance receivables — gross finance receivables equal the remaining estimated cash flows less the current balance of accretable yield on the purchased credit impaired accounts.

Finance Receivables (Details 3)

Finance Receivables (Details 3) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due
Unused Commitments to Extend Credit	$ 398	$ 386
Personal loans
Financing Receivable, Recorded Investment, Past Due
Unused Commitments to Extend Credit	2	1
SpringCastle Portfolio
Financing Receivable, Recorded Investment, Past Due
Unused Commitments to Extend Credit	365	354
Real estate loans
Financing Receivable, Recorded Investment, Past Due
Unused Commitments to Extend Credit	$ 31	$ 31

Finance Receivables (Details 4)

Finance Receivables (Details 4) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Net finance receivables:
Total delinquent finance receivables	$ 197	$ 240
Current	6,347	6,110
Net finance receivables	6,670	6,483
Personal loans
Net finance receivables:
Total delinquent finance receivables	107	114
Current	4,126	3,661
Net finance receivables	4,300	3,831
SpringCastle Portfolio
Net finance receivables:
Total delinquent finance receivables	58	82
Current	1,662	1,839
Net finance receivables	1,764	1,979
Real estate loans
Net finance receivables:
Total delinquent finance receivables	31	42
Current	528	565
Net finance receivables	573	625
Retail Sales Finance
Net finance receivables:
Total delinquent finance receivables	1	2
Current	31	45
Net finance receivables	33	48
60-89 days past due
Net finance receivables:
Net finance receivables	69	81
60-89 days past due | Personal loans
Net finance receivables:
Net finance receivables	37	37
60-89 days past due | SpringCastle Portfolio
Net finance receivables:
Net finance receivables	22	31
60-89 days past due | Real estate loans
Net finance receivables:
Net finance receivables	9	12
60-89 days past due | Retail Sales Finance
Net finance receivables:
Net finance receivables	1	1
90-119 days past due
Net finance receivables:
Net finance receivables	46	58
90-119 days past due | Personal loans
Net finance receivables:
Net finance receivables	28	30
90-119 days past due | SpringCastle Portfolio
Net finance receivables:
Net finance receivables	14	19
90-119 days past due | Real estate loans
Net finance receivables:
Net finance receivables	4	9
90-119 days past due | Retail Sales Finance
Net finance receivables:
Net finance receivables	0	0
120-149 days past due
Net finance receivables:
Net finance receivables	34	46
120-149 days past due | Personal loans
Net finance receivables:
Net finance receivables	21	24
120-149 days past due | SpringCastle Portfolio
Net finance receivables:
Net finance receivables	10	16
120-149 days past due | Real estate loans
Net finance receivables:
Net finance receivables	3	5
120-149 days past due | Retail Sales Finance
Net finance receivables:
Net finance receivables	0	1
150-179 days past due
Net finance receivables:
Net finance receivables	33	39
150-179 days past due | Personal loans
Net finance receivables:
Net finance receivables	19	21
150-179 days past due | SpringCastle Portfolio
Net finance receivables:
Net finance receivables	11	14
150-179 days past due | Real estate loans
Net finance receivables:
Net finance receivables	3	4
150-179 days past due | Retail Sales Finance
Net finance receivables:
Net finance receivables	0	0
180 days or more past due
Net finance receivables:
Net finance receivables	15	16
180 days or more past due | Personal loans
Net finance receivables:
Net finance receivables	2	2
180 days or more past due | SpringCastle Portfolio
Net finance receivables:
Net finance receivables	1	2
180 days or more past due | Real estate loans
Net finance receivables:
Net finance receivables	12	12
180 days or more past due | Retail Sales Finance
Net finance receivables:
Net finance receivables	0	0
30-59 days past due
Net finance receivables:
Net finance receivables	126	133
30-59 days past due | Personal loans
Net finance receivables:
Net finance receivables	67	56
30-59 days past due | SpringCastle Portfolio
Net finance receivables:
Net finance receivables	44	58
30-59 days past due | Real estate loans
Net finance receivables:
Net finance receivables	14	18
30-59 days past due | Retail Sales Finance
Net finance receivables:
Net finance receivables	$ 1	$ 1

Finance Receivables (Details 5)

Finance Receivables (Details 5) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Performing and nonperforming net finance receivables by type
Net finance receivables	$ 6,670	$ 6,483
Personal loans
Performing and nonperforming net finance receivables by type
Net finance receivables	4,300	3,831
SpringCastle Portfolio
Performing and nonperforming net finance receivables by type
Net finance receivables	1,764	1,979
Real estate loans
Performing and nonperforming net finance receivables by type
Net finance receivables	573	625
Retail Sales Finance
Performing and nonperforming net finance receivables by type
Net finance receivables	33	48
Performing
Performing and nonperforming net finance receivables by type
Net finance receivables	6,542	6,324
Performing | Personal loans
Performing and nonperforming net finance receivables by type
Net finance receivables	4,230	3,754
Performing | SpringCastle Portfolio
Performing and nonperforming net finance receivables by type
Net finance receivables	1,728	1,928
Performing | Real estate loans
Performing and nonperforming net finance receivables by type
Net finance receivables	551	595
Performing | Retail Sales Finance
Performing and nonperforming net finance receivables by type
Net finance receivables	33	47
Nonperforming
Performing and nonperforming net finance receivables by type
Net finance receivables	128	159
Nonperforming | Personal loans
Performing and nonperforming net finance receivables by type
Net finance receivables	70	77
Nonperforming | SpringCastle Portfolio
Performing and nonperforming net finance receivables by type
Net finance receivables	36	51
Nonperforming | Real estate loans
Performing and nonperforming net finance receivables by type
Net finance receivables	22	30
Nonperforming | Retail Sales Finance
Performing and nonperforming net finance receivables by type
Net finance receivables	$ 0	$ 1

Finance Receivables (Details 6)

Finance Receivables (Details 6) - USD ($) $ in Millions		Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Carrying amount, net of allowance	[1]	$ 367	$ 433
Outstanding balance	[2]	692	779
Allowance for purchased credit impaired finance receivable losses		5	5
SCP Loans
Financing Receivable, Impaired [Line Items]
Carrying amount, net of allowance	[1]	279	340
Outstanding balance	[2]	549	628
Allowance for purchased credit impaired finance receivable losses		0	0
FA Loans
Financing Receivable, Impaired [Line Items]
Carrying amount, net of allowance	[1]	88	93
Outstanding balance	[2]	143	151
Allowance for purchased credit impaired finance receivable losses		5	5
Purchased credit impaired finance receivables held for sale included in carrying amount		64	68
Purchased credit impaired finance receivables held for sale included in outstanding balance		$ 94	$ 99
[1]	The carrying amount of purchased credit impaired FA Loans at June 30, 2015 and December 31, 2014 includes $64 million and $68 million, respectively, of purchased credit impaired finance receivables held for sale.
[2]	The outstanding balance of purchased credit impaired FA Loans at June 30, 2015 and December 31, 2014 includes $94 million and $99 million, respectively, of purchased credit impaired finance receivables held for sale.

Finance Receivables (Details 7)

Finance Receivables (Details 7) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014
Changes in accretable yield for purchased credit impaired finance receivables
Balance at beginning of period		$ 521		$ 974	$ 560		$ 1,097
Accretion		(24)	[1]	(44)	(51)	[1]	(93)
Reclassifications to nonaccretable difference	[2]			(1)			(1)
Transfers due to finance receivables sold				(21)			(78)
Disposals of finance receivables	[3]	(10)		(14)	(22)		(31)
Balance at end of period		487		894	487		894
SCP Loans
Changes in accretable yield for purchased credit impaired finance receivables
Balance at beginning of period		505		294	541		325
Accretion		(22)	[1]	(17)	(46)	[1]	(37)
Reclassifications to nonaccretable difference	[2]			(1)			(1)
Transfers due to finance receivables sold				0			0
Disposals of finance receivables	[3]	(9)		(9)	(21)		(20)
Balance at end of period		474		267	474		267
FA Loans
Changes in accretable yield for purchased credit impaired finance receivables
Balance at beginning of period		16		680	19		772
Accretion		(2)	[1]	(27)	(5)	[1]	(56)
Reclassifications to nonaccretable difference	[2]			0			0
Transfers due to finance receivables sold				(21)			(78)
Disposals of finance receivables	[3]	(1)		(5)	(1)		(11)
Balance at end of period		13		$ 627	13		$ 627
Accretion held for sale		$ 1			$ 3
[1]	Accretion on our purchased credit impaired FA Loans for the three and six months ended June 30, 2015 includes $1 million and $3 million, respectively, of accretion on purchased credit impaired finance receivables held for sale, which is reported as interest income on finance receivables held for sale originated as held for investment.
[2]	Reclassification to nonaccretable difference represent the decreases in accretion resulting from lower estimated undiscounted cash flows.
[3]	Disposals of finance receivables represent finance charges forfeited due to purchased credit impaired finance receivables charged off during the period

Finance Receivables (Details 8)

Finance Receivables (Details 8) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables	[1],[2]	$ 239	$ 229
TDR net finance receivables	[3]	237	228
Allowance for TDR finance receivable losses		41	36
TDR finance receivables held for sale		237	137
Personal loans
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables	[1],[2]	28	22
TDR net finance receivables	[3]	27	22
Allowance for TDR finance receivable losses		7	1
TDR finance receivables held for sale		27	22
SpringCastle Portfolio
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables	[1],[2]	14	11
TDR net finance receivables	[3]	12	10
Allowance for TDR finance receivable losses		3	3
TDR finance receivables held for sale		12	10
Real estate loans
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables	[1],[2]	197	196
TDR net finance receivables	[3]	198	196
Allowance for TDR finance receivable losses		31	32
Real Estate Loans Held for Sale
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables		91	91
TDR finance receivables held for sale		$ 91	$ 91
Maximum [Member] | Personal loans
Financing Receivable, Modifications [Line Items]
Financing Receivables, Original Term		2 years
[1]	As defined earlier in this Note.
[2]	TDR real estate loan gross finance receivables at June 30, 2015 and December 31, 2014 include $91 million of TDR finance receivables held for sale.
[3]	TDR real estate loan net finance receivables at June 30, 2015 and December 31, 2014 include $91 million of TDR finance receivables held for sale.

Finance Receivables (Details 9)

Finance Receivables (Details 9) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014
Financing Receivable, Modifications [Line Items]
TDR average net receivables	$ 238,000	[1]	$ 1,410,000	$ 234,000	[1]	$ 1,425,000
TDR finance charges recognized	4,000	[2]	18,000	8,000	[2]	36,000
Personal loans
Financing Receivable, Modifications [Line Items]
TDR average net receivables	28,000	[1]	15,000	27,000	[1]	14,000
TDR finance charges recognized	1,000	[2]	1,000	2,000	[2]	1,000
SpringCastle Portfolio
Financing Receivable, Modifications [Line Items]
TDR average net receivables	12,000	[1]	4,000	11,000	[1]	2,000
TDR finance charges recognized	0	[2]	0	0	[2]	0
Real estate loans
Financing Receivable, Modifications [Line Items]
TDR average net receivables	198,000	[1]	1,391,000	196,000	[1]	1,409,000
TDR finance charges recognized	3,000	[2]	$ 17,000	6,000	[2]	$ 35,000
Real Estate Loans Held for Sale
Financing Receivable, Modifications [Line Items]
TDR average net receivables				91,000
TDR finance charges recognized	$ 1,267			$ 2,300
[1]	TDR real estate loan average net receivables for the three and six months ended June 30, 2015 include $91 million of TDR average net receivables held for sale
[2]	TDR real estate loan finance charges recognized for the three and six months ended June 30, 2015 include $1 million and $2 million, respectively, of interest income on TDR finance receivables held for sale.

Finance Receivables (Details 10

Finance Receivables (Details 10) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2015USD ($)account		Jun. 30, 2014USD ($)account	Jun. 30, 2015USD ($)account		Jun. 30, 2014USD ($)account
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 238	[1]	$ 1,410	$ 234	[1]	$ 1,425
Pre-modification TDR net finance receivables	15	[2]	86	30	[2]	193
Post-modification TDR net finance receivables	$ 15	[3]	$ 85	$ 29	[3]	$ 182
Number of TDR accounts | account	1,791	[4]	2,233	3,928	[4]	4,015
Personal Loans
Financing Receivable, Modifications [Line Items]
Pre-modification TDR net finance receivables	$ 7	[2]	$ 3	$ 16	[2]	$ 6
Post-modification TDR net finance receivables	$ 6	[3]	$ 4	$ 14	[3]	$ 6
Number of TDR accounts | account	1,479	[4]	891	3,343	[4]	1,553
SpringCastle Portfolio
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 12	[1]	$ 4	$ 11	[1]	$ 2
Pre-modification TDR net finance receivables	2	[2]	4	4	[2]	5
Post-modification TDR net finance receivables	$ 2	[3]	$ 4	$ 4	[3]	$ 5
Number of TDR accounts | account	213	[4]	440	408	[4]	566
Real estate loans
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 198	[1]	$ 1,391	$ 196	[1]	$ 1,409
Pre-modification TDR net finance receivables	6	[2]	79	10	[2]	182
Post-modification TDR net finance receivables	$ 7	[3]	$ 77	$ 11	[3]	$ 171
Number of TDR accounts | account	99	[4]	902	177	[4]	1,896
Real Estate Loans Held for Sale
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment				$ 91
Pre-modification TDR net finance receivables	$ 2			3
Post-modification TDR net finance receivables	$ 2			$ 3
Number of TDR accounts | account	35			44
[1]	TDR real estate loan average net receivables for the three and six months ended June 30, 2015 include $91 million of TDR average net receivables held for sale
[2]	TDR real estate loan net finance receivables for the three and six months ended June 30, 2015 include $2 million and $3 million, respectively, of pre-modification TDR net finance receivables held for sale.
[3]	TDR real estate loan net finance receivables for the three and six months ended June 30, 2015 include $2 million and $3 million, respectively, of post-modification TDR net finance receivables held for sale.
[4]	Number of new TDR real estate loan accounts for the three and six months ended June 30, 2015 includes 35 and 44, respectively, of new TDR accounts that were held for sale.

Finance Receivables (Details 11

Finance Receivables (Details 11) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2015USD ($)account		Jun. 30, 2014USD ($)account		Jun. 30, 2015USD ($)account		Jun. 30, 2014USD ($)account
Financing Receivable, Modifications [Line Items]
TDR net finance receivables	[2]	$ 3,000	[1],[3]	$ 13,000	[3]	$ 4,000	[1]	$ 29,000	[3]
Number of TDR accounts | account		551	[1]	222		636	[1]	466
Minimum balance to be TDRs, that subsequently defaulted to be disclosed.				$ 1,000				$ 0
Personal Loans
Financing Receivable, Modifications [Line Items]
TDR net finance receivables	[2]	$ 2,000	[1],[3]	$ 0	[3]	$ 2,000	[1]	$ 0	[3]
Number of TDR accounts | account		457	[1]	17		514	[1]	32
SpringCastle Portfolio
Financing Receivable, Modifications [Line Items]
TDR net finance receivables	[2]	$ 1,000	[1],[3]	$ 0	[3]	$ 1,000	[1]	$ 0	[3]
Number of TDR accounts | account		86	[1]	0		96	[1]	0
Real Estate Loans
Financing Receivable, Modifications [Line Items]
TDR net finance receivables	[2]	$ 0	[1],[3]	$ 13,000	[3]	$ 1,000	[1]	$ 29,000	[3]
Number of TDR accounts | account		8	[1]	205		26	[1]	434
Real Estate Loans Held for Sale
Financing Receivable, Modifications [Line Items]
TDR net finance receivables	[3]	$ 1,000				$ 734
Number of TDR accounts | account		4				13
[1]	Includes 4 TDR real estate loan accounts totaling less than $1 million that were held for sale for the three months ended June 30, 2015 and 13 TDR real estate loan accounts totaling $1 million that were held for sale for the six months ended June 30, 2015.
[2]	Represents the corresponding balance of TDR net finance receivables at the end of the month in which they defaulted.
[3]	TDR personal loans for the three and six months ended June 30, 2014 and TDR real estate loans for the three months ended June 30, 2015 that defaulted during the previous 12 month period were less than $1 million and, therefore, are not quantified in the table above.

Allowance for Finance Receiva54

Allowance for Finance Receivable Losses (Details) - USD ($) $ in Millions	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Allowance for finance receivable losses
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	$ 180	$ 177	$ 176	$ 368	$ 366	$ 333
Consolidated VIEs
Allowance for finance receivable losses
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	$ 120		$ 72

Allowance for Finance Receiva55

Allowance for Finance Receivable Losses (Details 1) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Financing Receivable Allowance For Credit Losses Roll Forward
Balance at beginning of period		$ 177	$ 366	$ 176	$ 333
Provision for finance receivable losses		80	115	167	276
Charge-offs		(91)	(120)	(190)	(250)
Recoveries		14	12	27	24	[1]
Reduction in the carrying value of real estate loans transferred to finance receivables held for sale	[2]		(5)		(15)
Balance at end of period		180	368	180	368
Carrying value of finance receivables transferred from held for investment to held for sale			451		1,300
Personal loans
Financing Receivable Allowance For Credit Losses Roll Forward
Balance at beginning of period		134	102	132	95
Provision for finance receivable losses		56	46	112	93
Charge-offs		(59)	(48)	(121)	(92)
Recoveries		10	7	18	11	[1]
Reduction in the carrying value of real estate loans transferred to finance receivables held for sale	[2]		0		0
Balance at end of period		141	107	141	107
SpringCastle Portfolio
Financing Receivable Allowance For Credit Losses Roll Forward
Balance at beginning of period		3	1	3	1
Provision for finance receivable losses		23	40	50	93
Charge-offs		(26)	(44)	(56)	(101)
Recoveries		3	4	6	8	[1]
Reduction in the carrying value of real estate loans transferred to finance receivables held for sale	[2]		0		0
Balance at end of period		3	1	3	1
Real estate loans
Financing Receivable Allowance For Credit Losses Roll Forward
Balance at beginning of period		39	260	40	235
Provision for finance receivable losses		0	29	4	88
Charge-offs		(5)	(26)	(11)	(54)
Recoveries		1	1	2	5	[1]
Reduction in the carrying value of real estate loans transferred to finance receivables held for sale	[2]		(5)		(15)
Balance at end of period		35	259	35	259
Carrying value of finance receivables transferred from held for investment to held for sale		451		1,300
Real estate loan recoveries					2
Retail Sales Finance
Financing Receivable Allowance For Credit Losses Roll Forward
Balance at beginning of period		1	3	1	2
Provision for finance receivable losses		1	0	1	2
Charge-offs		(1)	(2)	(2)	(3)
Recoveries		0	0	1	0	[1]
Reduction in the carrying value of real estate loans transferred to finance receivables held for sale	[2]		0		0
Balance at end of period		$ 1	$ 1	$ 1	$ 1
[1]	Recoveries during the six months ended June 30, 2014 included $2 million of real estate loan recoveries resulting from a sale of previously charged-off real estate loans in March of 2014.
[2]	During the three and six months ended June 30, 2014, we reduced the carrying value of certain real estate loans to $451 million and $1.3 billion, respectively, as a result of the transfer of these loans from finance receivables held for investment to finance receivables held for sale due to management’s intent to no longer hold these finance receivables for the foreseeable future.

Allowance for Finance Receiva56

Allowance for Finance Receivable Losses (Details 2) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
SpringCastle Portfolio
Allowance for finance receivable losses
Carrying value charged-off for purchased credit impaired loans		$ 6	$ 13	$ 13	$ 32
FA Loans
Allowance for finance receivable losses
Carrying value charged-off for purchased credit impaired loans	[1]	$ 1	$ 7	$ 1	$ 13
[1]	Represents additional impairment recognized, subsequent to the establishment of the pools of purchased credit impaired loans, related to loans that have been foreclosed and transferred to real estate owned status.

Allowance for Finance Receiva57

Allowance for Finance Receivable Losses (Details 3) - USD ($) $ in Millions	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Allowance for finance receivable losses
Collectively evaluated for impairment	$ 135		$ 135
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	180	$ 177	176	$ 368	$ 366	$ 333
Individually evaluated for impairment (TDR finance receivables)	41		36
Allowance for finance receivable losses	180	177	176	368	366	333
Finance receivables:
Collectively evaluated for impairment	6,125		5,976
Purchased credit impaired finance receivables	6,670		6,483
TDR finance receivables	237		137
Net finance receivables	6,670		6,483
Personal loans
Allowance for finance receivable losses
Collectively evaluated for impairment	134		131
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	141	134	132	107	102	95
Individually evaluated for impairment (TDR finance receivables)	7		1
Allowance for finance receivable losses	141	134	132	107	102	95
Finance receivables:
Collectively evaluated for impairment	4,273		3,809
Purchased credit impaired finance receivables	4,300		3,831
TDR finance receivables	27		22
Net finance receivables	4,300		3,831
SpringCastle Portfolio
Allowance for finance receivable losses
Collectively evaluated for impairment	0		0
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	3	3	3	1	1	1
Individually evaluated for impairment (TDR finance receivables)	3		3
Allowance for finance receivable losses	3	3	3	1	1	1
Finance receivables:
Collectively evaluated for impairment	1,473		1,629
Purchased credit impaired finance receivables	1,764		1,979
TDR finance receivables	12		10
Net finance receivables	1,764		1,979
Real estate loans
Allowance for finance receivable losses
Collectively evaluated for impairment	0		3
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	35	39	40	259	260	235
Individually evaluated for impairment (TDR finance receivables)	31		32
Allowance for finance receivable losses	35	39	40	259	260	235
Finance receivables:
Collectively evaluated for impairment	346		490
Purchased credit impaired finance receivables	573		625
TDR finance receivables	198		105
Net finance receivables	573		625
Retail Sales Finance
Allowance for finance receivable losses
Collectively evaluated for impairment	1		1
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	1	1	1	1	3	2
Individually evaluated for impairment (TDR finance receivables)	0		0
Allowance for finance receivable losses	1	$ 1	1	$ 1	$ 3	$ 2
Finance receivables:
Collectively evaluated for impairment	33		48
Purchased credit impaired finance receivables	33		48
TDR finance receivables	0		0
Net finance receivables	33		48
Receivables Acquired with Deteriorated Credit Quality
Allowance for finance receivable losses
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	4		5
Allowance for finance receivable losses	4		5
Finance receivables:
Purchased credit impaired finance receivables	308		370
Net finance receivables	308		370
Receivables Acquired with Deteriorated Credit Quality | Personal loans
Allowance for finance receivable losses
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	0		0
Allowance for finance receivable losses	0		0
Finance receivables:
Purchased credit impaired finance receivables	0		0
Net finance receivables	0		0
Receivables Acquired with Deteriorated Credit Quality | SpringCastle Portfolio
Allowance for finance receivable losses
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	0		0
Allowance for finance receivable losses	0		0
Finance receivables:
Purchased credit impaired finance receivables	279		340
Net finance receivables	279		340
Receivables Acquired with Deteriorated Credit Quality | Real estate loans
Allowance for finance receivable losses
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	4		5
Allowance for finance receivable losses	4		5
Finance receivables:
Purchased credit impaired finance receivables	29		30
Net finance receivables	29		30
Receivables Acquired with Deteriorated Credit Quality | Retail Sales Finance
Allowance for finance receivable losses
Acquired with deteriorated credit quality (purchased credit impaired finance receivables)	0		0
Allowance for finance receivable losses	0		0
Finance receivables:
Purchased credit impaired finance receivables	0		0
Net finance receivables	$ 0		$ 0

Finance Receivables Held for 58

Finance Receivables Held for Sale (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Receivables Held-for-sale [Abstract]
Finance receivables held for sale	$ 193		$ 193		$ 205
Finance receivables held for sale originated as held for investment	5	$ 3	9	$ 7
Carrying value of finance receivables transferred from held for investment to held for sale		451		1,300
Finance receivables held for sale, value sold		444		1,300
Net gain on sales of real estate loans and related trust assets	$ 0	$ 35	$ 0	$ 90

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Millions		Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Certificates of Deposit, at Carrying Value		$ 11	$ 12
Cost/ Amortized Cost	[1]	583	586
Unrealized Gains	[1]	7	20
Unrealized Losses	[1]	(4)	(2)
Fair Value	[1]	586	604
Interest in a limited partnership		1	1
Bonds:
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost		575	578
Unrealized Gains		7	20
Unrealized Losses		(4)	(2)
Fair Value		578	596
U.S. government and government sponsored entities
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost		49	61
Unrealized Gains		1	3
Unrealized Losses		0	0
Fair Value		50	64
Obligations of states, municipalities, and political subdivisions
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost		87	99
Unrealized Gains		0	3
Unrealized Losses		0	0
Fair Value		87	102
Certificates of deposit and commercial paper
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	[2]	1	3
Unrealized Gains	[2]	0	0
Unrealized Losses	[2]	0	0
Fair Value	[2]	1	3
Certificates of deposit pledged as collateral		1	2
Corporate debt
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost		261	256
Unrealized Gains		5	12
Unrealized Losses		(3)	(1)
Fair Value		263	267
Residential mortgage-backed securities (“RMBS”)
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost		86	71
Unrealized Gains		1	2
Unrealized Losses		(1)	0
Fair Value		86	73
Commercial mortgage-backed securities (“CMBS”)
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost		43	25
Unrealized Gains		0	0
Unrealized Losses		0	(1)
Fair Value		43	24
Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost		48	63
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		48	63
Preferred stock
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost		7	7
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		7	7
Other long-term investments
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost		1	1
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		$ 1	$ 1
[1]	Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at June 30, 2015 and December 31, 2014, which is classified as a restricted investment and carried at cost.
[2]	Includes certificates of deposit totaling $1 million and $2 million pledged as collateral, primarily to support bank lines of credit at June 30, 2015 and December 31, 2014, respectively.

Investment Securities (Details

Investment Securities (Details 2) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
minimum disclosure of Unrealized losses on certain available-for-sale securities	$ 1
Fair Value
Less Than 12 Months	222	$ 140
12 Months or Longer	10	10
Total	232	150
Unrealized Losses
Less Than 12 Months	(4)	(2)
12 Months or Longer	0	0
Total	(4)	(2)
Bonds:
Fair Value
Less Than 12 Months	214	134
12 Months or Longer	10	10
Total	224	144
Unrealized Losses
Less Than 12 Months	(4)	(2)
12 Months or Longer	0	0
Total	(4)	(2)
U.S. government and government sponsored entities
Fair Value
Less Than 12 Months	11	0
12 Months or Longer	1	1
Total	12	1
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	0	0
Obligations of states, municipalities, and political subdivisions
Fair Value
Less Than 12 Months	27	27
12 Months or Longer	6	1
Total	33	28
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	0	0
Corporate debt
Fair Value
Less Than 12 Months	91	36
12 Months or Longer	0	6
Total	91	42
Unrealized Losses
Less Than 12 Months	(3)	(1)
12 Months or Longer	0	0
Total	(3)	(1)
Residential mortgage-backed securities (“RMBS”)
Fair Value
Less Than 12 Months	42	9
12 Months or Longer	0	0
Total	42	9
Unrealized Losses
Less Than 12 Months	(1)	0
12 Months or Longer	0	0
Total	(1)	0
Commercial mortgage-backed securities (“CMBS”)
Fair Value
Less Than 12 Months	21	16
12 Months or Longer	3	2
Total	24	18
Unrealized Losses
Less Than 12 Months	0	(1)
12 Months or Longer	0	0
Total	0	(1)
Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Fair Value
Less Than 12 Months	22	46
12 Months or Longer	0	0
Total	22	46
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	0	0
Preferred stock
Fair Value
Less Than 12 Months	7	6
12 Months or Longer	0	0
Total	7	6
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	0	$ 0
Other long-term investments
Fair Value
Less Than 12 Months	1
12 Months or Longer	0
Total	1
Unrealized Losses
Less Than 12 Months	0
12 Months or Longer	0
Total	$ 0

Investment Securities (Detail61

Investment Securities (Details 3) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Available-for-sale securities sold or redeemed
Fair value	$ 130	$ 50	$ 206	$ 107
Realized gains	4	0	11	2
Realized losses	0	0	(1)	0
Net realized gains	$ 4	$ 0	$ 10	$ 2

Investment Securities (Detail62

Investment Securities (Details 4) $ in Millions	Jun. 30, 2015USD ($)
Fair Value
Due in 1 year or less	$ 45
Due after 1 year through 5 years	146
Due after 5 years through 10 years	86
Due after 10 years	124
Mortgage-backed, asset-backed, and collateralized securities	177
Fair Value	578
Amortized Cost
Due in 1 year or less	45
Due after 1 year through 5 years	145
Due after 5 years through 10 years	85
Due after 10 years	123
Mortgage-backed, asset-backed, and collateralized securities	177
Total	$ 575

Investment Securities (Detail63

Investment Securities (Details 5) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Trading securities
Trading securities	$ 1,684		$ 1,684		$ 2,330
Net unrealized and realized gains (losses) on trading securities
Net unrealized gains on trading securities held at period end	1	$ 1	4	$ 1
Net realized gains on trading securities sold or redeemed	(1)	0	(1)	0
Total	0	$ 1	3	$ 1
U.S. government and government sponsored entities
Trading securities
Trading securities	841		841		303
Obligations of states, municipalities, and political subdivisions
Trading securities
Trading securities	3		3		14
Certificates of deposit and commercial paper
Trading securities
Trading securities	0		0		238
Non-U.S. government and government sponsored entities
Trading securities
Trading securities	0		0		20
Corporate debt
Trading securities
Trading securities	484		484		1,056
Residential mortgage-backed securities (“RMBS”)
Trading securities
Trading securities	13		13		36
Commercial mortgage-backed securities (“CMBS”)
Trading securities
Trading securities	118		118		151
Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Trading securities
Trading securities	$ 225		$ 225		$ 512

Investment Securities Narrative

Investment Securities Narrative (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	$ 0	$ 0
Certificates of Deposit, at Carrying Value	$ 11,000,000	$ 12,000,000

Transactions with Affiliates 65

Transactions with Affiliates of Fortress or AIG (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	May. 01, 2015	Dec. 31, 2014	Aug. 01, 2014	Mar. 06, 2014
Transactions with Affiliates of Fortress or AIG
Insurance Coverage Premium Expense	$ 1	$ 1	$ 1	$ 1
Equity method investment, ownership percentage	47.00%		47.00%
Price agreed on for sale of interest in retained certificates							$ 39
NRZ | SCA
Transactions with Affiliates of Fortress or AIG
Ownership percentage	30.00%		30.00%
Nationstar Mortgage LLC | Owners
Transactions with Affiliates of Fortress or AIG
Subservicing fees	$ 1	2	$ 1	4
Affiliated Entity | Nationstar Mortgage LLC | Servicing Agreement
Transactions with Affiliates of Fortress or AIG
Accounts Receivable, Related Parties						$ 1
Nationstar accounts receivable balance					$ 1
Affiliated Entity | Logan Circle Partners L P
Transactions with Affiliates of Fortress or AIG
Costs and fees incurred for the investment management services	1	$ 1	1	$ 1
Affiliated Entity | Merit | Subsidiaries of American International Group Inc
Transactions with Affiliates of Fortress or AIG
Reserves for reinsurance agreements	$ 44		$ 44			$ 44
Affiliated Entity | 2009-1 Trust | MLPFS
Transactions with Affiliates of Fortress or AIG
Percentage of interest concurrently agreed to be sold by counterparty to related party								75.00%

Long-term Debt (Details)

Long-term Debt (Details) - USD ($) $ in Millions		Dec. 30, 2013	Jun. 30, 2015		Dec. 31, 2014	Dec. 03, 2014	Jun. 30, 2014
Long-term debt
Other assets			$ 427		$ 485
Principal maturities of long-term debt by type of debt
Third quarter 2015			24
Fourth quarter 2015			750
First quarter 2016			0
Second quarter 2016			0
Remainder of 2016			375
2,017			1,902
2,018			0
2,019			700
2020-2067			1,600
Securitizations	[1]		4,919
Total principal maturities			10,270
Long-term debt			$ 9,676	[2]	8,356
Retail Notes
Principal maturities of long-term debt by type of debt
Contractual interest rate, minimum (as a percent)			7.00%
Contractual interest rate, maximum (as a percent)			7.50%
Third quarter 2015			$ 24
Fourth quarter 2015			0
First quarter 2016			0
Second quarter 2016			0
Remainder of 2016			0
2,017			0
2,018			0
2,019			0
2020-2067			0
Securitizations	[1]		0
Total principal maturities			24
Long-term debt	[2]		$ 23
Medium Term Notes
Principal maturities of long-term debt by type of debt
Contractual interest rate, minimum (as a percent)			5.25%
Contractual interest rate, maximum (as a percent)			8.25%
Third quarter 2015			$ 0
Fourth quarter 2015			750
First quarter 2016			0
Second quarter 2016			0
Remainder of 2016			375
2,017			1,902
2,018			0
2,019			700
2020-2067			1,250
Securitizations	[1]		0
Total principal maturities			4,977
Long-term debt	[2]		$ 4,577
Securitizations
Principal maturities of long-term debt by type of debt
Contractual interest rate, minimum (as a percent)			2.41%
Contractual interest rate, maximum (as a percent)			6.82%
Third quarter 2015			$ 0
Fourth quarter 2015			0
First quarter 2016			0
Second quarter 2016			0
Remainder of 2016			0
2,017			0
2,018			0
2,019			0
2020-2067			0
Securitizations	[1]		4,919
Total principal maturities			4,919
Long-term debt	[2]		$ 4,904
Junior Subordinated Debt
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)	[3]		6.00%
Third quarter 2015			$ 0
Fourth quarter 2015			0
First quarter 2016			0
Second quarter 2016			0
Remainder of 2016			0
2,017			0
2,018			0
2,019			0
2020-2067			350
Securitizations	[1]		0
Total principal maturities			350
Long-term debt	[2]		172
Junior Subordinated Debt | SPRINGLEAF HOLDINGS, INC. | Guaranty Agreements
Principal maturities of long-term debt by type of debt
Face amount of each issuance of debt		$ 350	350
Term of debt		60 years
Senior debt
Principal maturities of long-term debt by type of debt
Total principal maturities			5,000
Senior debt | SPRINGLEAF HOLDINGS, INC. | Guaranty Agreements
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)						5.25%
Face amount of each issuance of debt		$ 5,200	700			$ 700
8.250% Senior Notes due 2023 | SPRINGLEAF HOLDINGS, INC. | Guaranty Agreements
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)		8.25%
7.750% Senior Notes due 2021 | SPRINGLEAF HOLDINGS, INC. | Guaranty Agreements
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)		7.75%
6.00% Senior Notes due 2020 | SPRINGLEAF HOLDINGS, INC. | Guaranty Agreements
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)		6.00%
Senior Notes 1999 Indenture
Principal maturities of long-term debt by type of debt
Total principal maturities			3,100
New Accounting Pronouncement, Early Adoption, Effect
Long-term debt
Other assets			32		29		$ 44
Principal maturities of long-term debt by type of debt
Long-term debt			(32)	[4]	$ (29)		$ (44)
New Accounting Pronouncement, Early Adoption, Effect | Retail Notes
Principal maturities of long-term debt by type of debt
Long-term debt	[4]		0
New Accounting Pronouncement, Early Adoption, Effect | Medium Term Notes
Principal maturities of long-term debt by type of debt
Long-term debt	[4]		(13)
New Accounting Pronouncement, Early Adoption, Effect | Securitizations
Principal maturities of long-term debt by type of debt
Long-term debt	[4]		(19)
New Accounting Pronouncement, Early Adoption, Effect | Junior Subordinated Debt
Principal maturities of long-term debt by type of debt
Long-term debt	[4]		$ 0
[1]	Securitizations are not included in above maturities by period due to their variable monthly repayments. See Note 10 for further information on our long-term debt associated with securitizations.
[2]	The net carrying amount of our long-term debt associated with certain securitizations that were either (1) issued at a premium or discount or (2) revalued at a premium or discount based on its fair value at the time of the Fortress Acquisition or (3) recorded at fair value on a recurring basis in circumstances when the embedded derivative within the securitization structure cannot be separately accounted for at fair value.
[3]	The interest rates shown are the range of contractual rates in effect at June 30, 2015.
[4]	(d)As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt.

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($)		Jun. 30, 2015		Jun. 10, 2015	Jun. 03, 2015	May. 27, 2015	May. 19, 2015	Apr. 07, 2015	Feb. 26, 2015	Jan. 16, 2015	Jan. 15, 2015	Jun. 30, 2015		Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014	Dec. 31, 2014	May. 20, 2015	Mar. 31, 2015	Mar. 25, 2015	Mar. 24, 2015	Mar. 09, 2015	Mar. 31, 2014	Mar. 24, 2014	Dec. 31, 2013	Sep. 09, 2013
Assets
Finance receivables		$ 6,670,000,000										$ 6,670,000,000			$ 6,670,000,000			$ 6,483,000,000
Allowance for finance receivable losses		180,000,000										180,000,000		$ 368,000,000	180,000,000		$ 368,000,000	176,000,000		$ 177,000,000				$ 366,000,000		$ 333,000,000
Restricted cash and cash equivalents		333,000,000										333,000,000			333,000,000			218,000,000
Liabilities
Long-term debt		9,676,000,000	[1]									9,676,000,000	[1]		9,676,000,000	[1]		8,356,000,000
Variable Interest Entities, other information
Long-term Debt, Gross		10,270,000,000										10,270,000,000			10,270,000,000
Interest expense												171,000,000		192,000,000	329,000,000		397,000,000
Reserve for sales recourse obligations related to real estate loan sales																	17,000,000	23,000,000
SpringCastle 2014-A Notes, Class C | Springleaf Acquisition Corporation
Variable Interest Entities, other information
Long-term Debt, Gross																							$ 232,000,000
SpringCastle 2014-A Notes, Class D | Springleaf Acquisition Corporation
Variable Interest Entities, other information
Long-term Debt, Gross																							$ 131,000,000
Consolidated VIEs
Assets
Allowance for finance receivable losses		120,000,000										120,000,000			120,000,000			72,000,000
Restricted cash and cash equivalents		320,000,000										320,000,000			320,000,000			210,000,000
Liabilities
Long-term debt	[2]	4,904,000,000										4,904,000,000			4,904,000,000			3,630,000,000
Variable Interest Entities, other information
Interest expense												49,000,000		62,000,000	87,000,000		129,000,000
Consolidated VIEs | Consumer Loan Securitizations | Sumner Brook Funding Trust 2013 VFN1
Variable Interest Entities, other information
Funding Period										3 years	2 years
Maximum Principal Balance of Notes that Can be Issued under Private Securitization Transaction										$ 350,000,000
Amount Funded at Closing of Securitization Transaction		0
Consolidated VIEs | Consumer Loan Securitizations | Second Avenue Funding LLC Securitization
Variable Interest Entities, other information
Funding Period					3 years
Maximum Principal Balance of Notes that Can be Issued under Private Securitization Transaction					$ 250,000,000
Consolidated VIEs | Consumer Loan Securitizations | Mill River 2015 VFN1
Variable Interest Entities, other information
Funding Period						3 years
Maximum Principal Balance of Notes that Can be Issued under Private Securitization Transaction						$ 400,000,000
Consolidated VIEs | Consumer Loan Securitizations | Springleaf Funding Trust 2013 BAC
Variable Interest Entities, other information
Funding Period							2 years
Maximum Principal Balance of Notes that Can be Issued under Private Securitization Transaction																			$ 350,000,000
Amount Funded at Closing of Securitization Transaction															0
Amount Outstanding under Securitization Transaction																											$ 0
Consolidated VIEs | Consumer Loan Securitizations | Midbrook Funding Trust 2013 VFN1
Variable Interest Entities, other information
Funding Period				2 years
Maximum Principal Balance of Notes that Can be Issued under Private Securitization Transaction				$ 250,000,000
Personal loans
Assets
Finance receivables		4,300,000,000										4,300,000,000			4,300,000,000			3,831,000,000
Allowance for finance receivable losses		141,000,000										141,000,000		107,000,000	141,000,000		107,000,000	132,000,000		134,000,000				102,000,000		95,000,000
Personal loans | Consolidated VIEs | Consumer Loan Securitizations
Assets
Finance receivables		3,059,000,000										3,059,000,000			3,059,000,000			1,853,000,000
Personal loans | Consolidated VIEs | Consumer Loan Securitizations | Springleaf Funding Trust 2015-A
Variable Interest Entities, other information
Amount of Notes Sold under Private Securitization Transaction									$ 1,200,000,000
Weighted average yield (as a percent)									3.58%
Proceeds from Accounts Receivable Securitization									$ 1,200,000,000
Amount for Interest Reserve Requirement on Notes Sold under Securitization Transaction									$ 12,000,000
Personal loans | Consolidated VIEs | Consumer Loan Securitizations | Whitford Brook Funding Trust2014 VFN1
Variable Interest Entities, other information
Maximum Principal Balance of Notes that Can be Issued under Private Securitization Transaction					$ 250,000,000																	$ 300,000,000
Securitization Required Minimum Balance																									$ 100,000,000
Amount paid under securitization																					$ 100,000,000
Personal loans | Consolidated VIEs | Consumer Loan Securitizations | Springleaf Funding Trust 2015 B
Variable Interest Entities, other information
Amount of Notes Sold under Private Securitization Transaction								$ 314,000,000
Weighted average yield (as a percent)								3.84%
Proceeds from Accounts Receivable Securitization								$ 314,000,000
Amount for Interest Reserve Requirement on Notes Sold under Securitization Transaction								$ 3,000,000
SpringCastle Portfolio
Assets
Finance receivables		1,764,000,000										1,764,000,000			1,764,000,000			1,979,000,000
Allowance for finance receivable losses		3,000,000										3,000,000		1,000,000	3,000,000		1,000,000	3,000,000		3,000,000				1,000,000		1,000,000
SpringCastle Portfolio | Consolidated VIEs
Assets
Finance receivables		1,764,000,000										1,764,000,000			1,764,000,000			1,979,000,000
Real estate loans
Assets
Finance receivables		573,000,000										573,000,000			573,000,000			625,000,000
Allowance for finance receivable losses		35,000,000										35,000,000		259,000,000	35,000,000		259,000,000	40,000,000		$ 39,000,000				$ 260,000,000		$ 235,000,000
Real estate loans | Mortgage Loan Securitizations
Variable Interest Entities, other information
Reserve for sales recourse obligations related to real estate loan sales		7,000,000															7,000,000
Real estate loans | Consolidated VIEs | Mortgage Loan Securitizations
Variable Interest Entities, other information
Purchase price															5,200,000,000
New Accounting Pronouncement, Early Adoption, Effect
Liabilities
Long-term debt		(32,000,000)	[3]									(32,000,000)	[3]	$ (44,000,000)	(32,000,000)	[3]	$ (44,000,000)	(29,000,000)
New Accounting Pronouncement, Early Adoption, Effect | Consolidated VIEs
Liabilities
Long-term debt		$ 19,000,000										$ 19,000,000			$ 19,000,000			$ 14,000,000
[1]	The net carrying amount of our long-term debt associated with certain securitizations that were either (1) issued at a premium or discount or (2) revalued at a premium or discount based on its fair value at the time of the Fortress Acquisition or (3) recorded at fair value on a recurring basis in circumstances when the embedded derivative within the securitization structure cannot be separately accounted for at fair value.
[2]	As a result of our early adoption of ASU 2015-03, we reclassified $19 million and $14 million of debt issuance costs related to our long-term debt associated with our securitizations as of June 30, 2015 and December 31, 2014, respectively, from other assets to long-term debt.
[3]	(d)As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator (basic and diluted):
Net income (loss) attributable to Springleaf Holdings, Inc.		$ (12)	$ 72	$ (12)	$ 124
Denominator:
Weighted average number of shares outstanding (basic)		127,411,208	114,788,439	121,253,548	114,788,439
Effect of dilutive securities (in shares)	[1]	0	387,582	0	372,001
Weighted average number of shares outstanding (diluted)		127,411,208	115,176,021	121,253,548	115,160,440
Earnings (loss) per share:
Basic (in dollars per share)		$ (0.09)	$ 0.63	$ (0.10)	$ 1.09
Diluted (in dollars per share)		$ (0.09)	$ 0.63	$ (0.10)	$ 1.08
Performance Shares
Earnings (loss) per share:
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		593,331		593,331
Restricted Stock Units (RSUs)
Earnings (loss) per share:
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		490,464		447,825
[1]	We have excluded the following shares in the diluted earnings (loss) per share calculation for the three and six months ended June 30, 2015 because these shares would be anti-dilutive, which could impact the earnings per share calculation in the future:•593,331 performance shares and 490,464 service shares for the three months ended June 30, 2015; and•593,331 performance shares and 447,825 service shares for the six months ended June 30, 2015.

Accumulated Other Comprehensi69

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 3	$ 33	$ 3	$ 28
Other comprehensive loss before reclassifications	(7)	6	(3)	12
Reclassification adjustments from accumulated other comprehensive income (loss)	(3)	(1)	(7)	(2)
Balance at end of period	(7)	38	(7)	38
Unrealized Gains Investment Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	11	9	12	4
Other comprehensive loss before reclassifications	(6)	6	(3)	12
Reclassification adjustments from accumulated other comprehensive income (loss)	(3)	(1)	(7)	(2)
Balance at end of period	2	14	2	14
Retirement Plan Liabilities Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(13)	20	(13)	20
Balance at end of period	(13)	20	(13)	20
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	5	4	4	4
Other comprehensive loss before reclassifications	(1)	0	0	0
Balance at end of period	$ 4	$ 4	$ 4	$ 4

Accumulated Other Comprehensi70

Accumulated Other Comprehensive Income (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification adjustments from accumulated other comprehensive income
Reclassification from accumulated other comprehensive income to investment revenues, before taxes	$ 16	$ 10	$ 33	$ 20
Income tax effect	8	(44)	1	(75)
Net income	19	103	50	171
Unrealized gains on investment securities | Reclassification adjustments
Reclassification adjustments from accumulated other comprehensive income
Reclassification from accumulated other comprehensive income to investment revenues, before taxes	4	1	10	3
Income tax effect	(1)	0	(3)	(1)
Net income	$ 3	$ 1	$ 7	$ 2

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Net deferred tax liabilities	$ 112		$ 148
Statutory federal income tax rate (as a percent)	(2.80%)	30.50%

Contingencies - Narrative (Deta

Contingencies - Narrative (Details) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)request	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Loss Contingencies [Line Items]
Reserve for sales recourse obligations related to real estate loan sales		$ 17	$ 23
Reserve for sales recourse obligations	$ 18	$ 5	24	$ 24	$ 5	$ 5
Number of unresolved recourse requests | request	0
Estimated PPI claims reserve	$ 9		$ 14
OneMain Financial Holdings, Inc.
Loss Contingencies [Line Items]
Aggregate Purchase Price	4,250
Seller termination fee	$ 213

Contingencies - Sales Recourse

Contingencies - Sales Recourse Obligation Activity (Details) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015USD ($)loan	Jun. 30, 2014USD ($)loan	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Commitments and Contingencies Disclosure [Abstract]
Repurchased real estate loans | loan		13	0
Repurchased loans		$ 1
Finance Receivables Reserve for Sales Recourse Obligations [Roll Forward]
Reserve for sales recourse obligations, beginning balance		24	$ 5	$ 24	$ 5
Recourse losses		(5)	0	(5)	0
Provision for recourse obligations, net of recoveries	[1]	(1)	0	(1)	0
Reserve for sales recourse obligations, ending balance		$ 18	$ 5	$ 18	$ 5
[1]	Reflects the elimination of the reserve associated with other prior sales of finance receivables.

Contingencies - Stock Purchase

Contingencies - Stock Purchase Agreement (Details) - OneMain Financial Holdings, Inc. $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)
Business Acquisition [Line Items]
Seller termination fee	$ 213
Aggregate Purchase Price	$ 4,250

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pension
Components of net periodic benefit cost:
Interest cost	$ 4	$ 4	$ 8	$ 8
Expected return on assets	(4)	(4)	(9)	(8)
Net periodic benefit cost	0	0	(1)	0
Other Postretirement Benefit Plan
Components of net periodic benefit cost:
Net periodic benefit cost	$ 1	$ 1	$ 1	$ 1

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2015USD ($)state		Jun. 30, 2014USD ($)		Jun. 30, 2015USD ($)statedivisionsegment		Jun. 30, 2014USD ($)		Dec. 31, 2014USD ($)
Information about segments as well as reconciliations to consolidated financial statement amounts
Other assets	$ 427				$ 427				$ 485
Number of Reportable Segments | segment					3
Equity method investment, ownership percentage	47.00%				47.00%
Interest income	$ 413		$ 533		$ 819		$ 1,085
Interest expense	171		192		329		397
Provision for finance receivable losses	80		115		167		276
Net interest income (loss) after provision for finance receivable losses	162		226		323		412
Other revenues	56		92		107		173
Other expenses	207		171		381		339
Income (loss) before provision for (benefit from) income taxes	11		147		49		246
Income before provision for income taxes attributable to non-controlling interests	31		31		62		47
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc.	(20)		116		(13)		199
Assets	13,308	[1]	14,039	[2],[3]	13,308	[1]	14,039	[2],[3]	11,029
Long-term debt	$ 9,676	[4]			$ 9,676	[4]			8,356
Consumer Portfolio Segment
Information about segments as well as reconciliations to consolidated financial statement amounts
Number of Business Divisions where Personal Loans are Originated and Serviced | division					2
Number of States in which Entity Operates | state	27				27
Operating segments | Consumer
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	$ 269		220		$ 525		430
Interest expense	36		41		76		82
Provision for finance receivable losses	54		48		110		93
Net interest income (loss) after provision for finance receivable losses	179		131		339		255
Other revenues	56		58		107		107
Other expenses	159		129		305		254
Income (loss) before provision for (benefit from) income taxes	76		60		141		108
Income before provision for income taxes attributable to non-controlling interests	0		0
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc.	76		60		141		108
Assets	5,301	[1]	4,366	[2],[3]	5,301	[1]	4,366	[2],[3]
Operating segments | Acquisitions and Servicing
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	120		137		247		283
Interest expense	22		18		45		40
Provision for finance receivable losses	23		41		50		94
Net interest income (loss) after provision for finance receivable losses	75		78		152		149
Other revenues	13		19		32		20
Other expenses	26		32		55		65
Income (loss) before provision for (benefit from) income taxes	62		65		129		104
Income before provision for income taxes attributable to non-controlling interests	31		31		62		47
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc.	31		34		67		57
Assets	1,854	[1]	2,383	[2],[3]	1,854	[1]	2,383	[2],[3]
Operating segments | Real estate loans
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	17		137		35		292
Interest expense	59		95		119		207
Provision for finance receivable losses	(5)		20		(3)		82
Net interest income (loss) after provision for finance receivable losses	(37)		22		(81)		3
Other revenues	3		(24)		6		(89)
Other expenses	9		21		16		42
Income (loss) before provision for (benefit from) income taxes	(43)		(23)		(91)		(128)
Income before provision for income taxes attributable to non-controlling interests	0		0
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc.	(43)		(23)		(91)		(128)
Assets	3,541	[1]	6,682	[2],[3]	$ 3,541	[1]	6,682	[2],[3]
Other
Information about segments as well as reconciliations to consolidated financial statement amounts
Number of States with Legacy Operations where Branch Based Personal Lending Ceased | state					14
Interest income	3		4		$ 5		9
Interest expense	22		2		32		4
Provision for finance receivable losses	1		4		1		5
Net interest income (loss) after provision for finance receivable losses	(20)		(2)		(28)		0
Other revenues	0		0		0		1
Other expenses	25		5		30		11
Income (loss) before provision for (benefit from) income taxes	(45)		(7)		(58)		(10)
Income before provision for income taxes attributable to non-controlling interests	0		0
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc.	(45)		(7)		(58)		(10)
Assets	2,538	[1]	957	[2],[3]	2,538	[1]	957	[2],[3]
Eliminations
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest expense					(5)
Net interest income (loss) after provision for finance receivable losses					5
Other revenues	(13)		(17)		(32)		(35)
Other expenses	(13)		(17)		(27)		(35)
Push-down Accounting Adjustments
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	4		35		7		71
Interest expense	32		36		62		64
Provision for finance receivable losses	7		2		9		2
Net interest income (loss) after provision for finance receivable losses	(35)		(3)		(64)		5
Other revenues	(3)		56		(6)		169
Other expenses	1		1		2		2
Income (loss) before provision for (benefit from) income taxes	(39)		52		(72)		172
Income before provision for income taxes attributable to non-controlling interests	0		0
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Holdings, Inc.	(39)		52		(72)		172
Assets	74	[1]	(349)	[2],[3]	74	[1]	(349)	[2],[3]
New Accounting Pronouncement, Early Adoption, Effect
Information about segments as well as reconciliations to consolidated financial statement amounts
Other assets	32		44		32		44		29
Long-term debt	$ (32)	[5]	$ (44)		$ (32)	[5]	$ (44)		$ (29)
[1]	As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt as of June 30, 2015.
[2]	(b)See Note 1 for further information on the correction of this prior period disclosure.
[3]	As a result of our early adoption of ASU 2015-03, we reclassified $44 million of debt issuance costs from other assets to long-term debt as of June 30, 2014.
[4]	The net carrying amount of our long-term debt associated with certain securitizations that were either (1) issued at a premium or discount or (2) revalued at a premium or discount based on its fair value at the time of the Fortress Acquisition or (3) recorded at fair value on a recurring basis in circumstances when the embedded derivative within the securitization structure cannot be separately accounted for at fair value.
[5]	(d)As a result of our early adoption of ASU 2015-03, we reclassified $32 million of debt issuance costs from other assets to long-term debt.

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions		Jun. 30, 2015	Dec. 31, 2014
Carrying values and estimated fair values of financial instruments
Fair Value	[1]	$ 586	$ 604
Assets
Investment securities		2,271	2,935
Restricted cash and cash equivalents		333	218
Fair Value Measurements Using Level 1
Assets
Cash and cash equivalents		3,594	879
Restricted cash and cash equivalents		333	218
Fair Value Measurements Using Level 2
Assets
Investment securities		2,269	2,926
Other assets:
Receivables related to sales of real estate loans and related trust assets		9	67
Liabilities
Long-term debt		10,431	9,182
Fair Value Measurements Using Level 3
Assets
Investment securities		2	9
Net finance receivables, less allowance for finance receivable losses		7,132	6,979
Finance receivables held for sale		197	209
Other assets:
Commercial mortgage loans		71	78
Escrow advance receivable		9	8
Receivables related to sales of real estate loans and related trust assets		0	0
Total Fair Value
Assets
Cash and cash equivalents		3,594	879
Investment securities		2,271	2,935
Net finance receivables, less allowance for finance receivable losses		7,132	6,979
Finance receivables held for sale		197	209
Restricted cash and cash equivalents		333	218
Other assets:
Commercial mortgage loans		71	78
Escrow advance receivable		9	8
Receivables related to sales of real estate loans and related trust assets		9	67
Liabilities
Long-term debt		10,431	9,182
Total Carrying Value
Assets
Cash and cash equivalents		3,594	879
Investment securities		2,271	2,935
Net finance receivables, less allowance for finance receivable losses		6,490	6,307
Finance receivables held for sale		193	205
Restricted cash and cash equivalents		333	218
Other assets:
Commercial mortgage loans		71	85
Escrow advance receivable		9	8
Receivables related to sales of real estate loans and related trust assets		18	79
Liabilities
Long-term debt		9,676	8,356
Commercial mortgage-backed securities (“CMBS”)
Carrying values and estimated fair values of financial instruments
Fair Value		43	24
Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Carrying values and estimated fair values of financial instruments
Fair Value		48	63
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2
Carrying values and estimated fair values of financial instruments
Fair Value	[2]	585	596
Assets
Cash and cash equivalents			165
Investment securities		2,269	2,926
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3
Carrying values and estimated fair values of financial instruments
Fair Value	[2]	1	8
Assets
Investment securities		1	8
Fair Value, Measurements, Recurring [Member] | Total Fair Value
Carrying values and estimated fair values of financial instruments
Fair Value	[2]	586	604
Assets
Cash and cash equivalents			165
Investment securities		2,270	2,934
Fair Value, Measurements, Recurring [Member] | Commercial mortgage-backed securities (“CMBS”) | Fair Value Measurements Using Level 2
Carrying values and estimated fair values of financial instruments
Fair Value		43	21
Fair Value, Measurements, Recurring [Member] | Commercial mortgage-backed securities (“CMBS”) | Fair Value Measurements Using Level 3
Carrying values and estimated fair values of financial instruments
Fair Value		0	3
Fair Value, Measurements, Recurring [Member] | Commercial mortgage-backed securities (“CMBS”) | Total Fair Value
Carrying values and estimated fair values of financial instruments
Fair Value		43	24
Fair Value, Measurements, Recurring [Member] | Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”) | Fair Value Measurements Using Level 2
Carrying values and estimated fair values of financial instruments
Fair Value		48	63
Fair Value, Measurements, Recurring [Member] | Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”) | Fair Value Measurements Using Level 3
Carrying values and estimated fair values of financial instruments
Fair Value			0
Fair Value, Measurements, Recurring [Member] | Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”) | Total Fair Value
Carrying values and estimated fair values of financial instruments
Fair Value		$ 48	$ 63
[1]	Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at June 30, 2015 and December 31, 2014, which is classified as a restricted investment and carried at cost.
[2]	Common stocks not carried at fair value totaled $1 million at June 30, 2015 and December 31, 2014 and, therefore, have been excluded from the table above.

Fair Value Measurements (Deta78

Fair Value Measurements (Details 2)		Jun. 30, 2015USD ($)bond	Dec. 31, 2014USD ($)bond
Assets
Available-for-sale securities	[1]	$ 586,000,000	$ 604,000,000
Trading securities		1,684,000,000	2,330,000,000
Total investment securities		2,271,000,000	2,935,000,000
Transfer from Level 1 Assets to Level 2		0
Transfer from Level 2 Assets to Level 1		0
Transfer from Level 1 Liabilities to Level 2		0
Transfers from Level 2 Liabilities to Level 1		0
Commercial mortgage-backed securities (“CMBS”)
Assets
Available-for-sale securities		43,000,000	24,000,000
Trading securities		118,000,000	151,000,000
Bonds:
Assets
Available-for-sale securities		578,000,000	596,000,000
U.S. government and government sponsored entities
Assets
Available-for-sale securities		50,000,000	64,000,000
Trading securities		841,000,000	303,000,000
Obligations of states, municipalities, and political subdivisions
Assets
Available-for-sale securities		87,000,000	102,000,000
Trading securities		3,000,000	14,000,000
Corporate debt
Assets
Available-for-sale securities		263,000,000	267,000,000
Trading securities		484,000,000	1,056,000,000
Residential Mortgage Backed Securities [Member]
Assets
Available-for-sale securities		86,000,000	73,000,000
Trading securities		13,000,000	36,000,000
Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Assets
Available-for-sale securities		48,000,000	63,000,000
Trading securities		225,000,000	512,000,000
Preferred stock
Assets
Available-for-sale securities		7,000,000	7,000,000
Other long-term investments
Assets
Available-for-sale securities		1,000,000	1,000,000
Total Fair Value
Assets
Cash and cash equivalents		3,594,000,000	879,000,000
Total investment securities		2,271,000,000	2,935,000,000
Portion at Other than Fair Value Measurement | Common stocks
Assets
Available-for-sale securities		1,000,000	1,000,000
Fair Value Measurements Using Level 1
Assets
Cash and cash equivalents		3,594,000,000	879,000,000
Fair Value Measurements Using Level 2
Assets
Total investment securities		2,269,000,000	2,926,000,000
Fair Value Measurements Using Level 3
Assets
Total investment securities		2,000,000	9,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value
Assets
Cash equivalents in mutual funds		905,000,000	236,000,000
Cash and cash equivalents			165,000,000
Available-for-sale securities	[2]	586,000,000	604,000,000
Trading securities		1,684,000,000	2,330,000,000
Total investment securities		2,270,000,000	2,934,000,000
Restricted cash in mutual funds		312,000,000	207,000,000
Total		3,487,000,000	3,542,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value | Commercial mortgage-backed securities (“CMBS”)
Assets
Available-for-sale securities		43,000,000	24,000,000
Trading securities		118,000,000	151,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value | Bonds:
Assets
Available-for-sale securities		578,000,000	596,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value | U.S. government and government sponsored entities
Assets
Available-for-sale securities		50,000,000	64,000,000
Trading securities		841,000,000	303,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value | Obligations of states, municipalities, and political subdivisions
Assets
Available-for-sale securities		87,000,000	102,000,000
Trading securities		3,000,000	14,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value | Non-U.S. government and government sponsored entities
Assets
Trading securities			20,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value | Corporate debt
Assets
Available-for-sale securities		263,000,000	267,000,000
Trading securities		484,000,000	1,056,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value | Residential Mortgage Backed Securities [Member]
Assets
Available-for-sale securities		86,000,000	73,000,000
Trading securities		13,000,000	36,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value | Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Assets
Available-for-sale securities		48,000,000	63,000,000
Trading securities		225,000,000	512,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value | Preferred stock
Assets
Available-for-sale securities		7,000,000	7,000,000
Fair Value, Measurements, Recurring [Member] | Total Fair Value | Other long-term investments
Assets
Available-for-sale securities	[3]	1,000,000	1,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 1
Assets
Cash equivalents in mutual funds		905,000,000	236,000,000
Restricted cash in mutual funds		312,000,000	207,000,000
Total		1,217,000,000	443,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2
Assets
Cash and cash equivalents			165,000,000
Available-for-sale securities	[2]	585,000,000	596,000,000
Trading securities		1,684,000,000	2,330,000,000
Total investment securities		2,269,000,000	2,926,000,000
Total		2,269,000,000	3,091,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2 | Commercial mortgage-backed securities (“CMBS”)
Assets
Available-for-sale securities		43,000,000	21,000,000
Trading securities		118,000,000	151,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2 | Bonds:
Assets
Available-for-sale securities		578,000,000	589,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2 | U.S. government and government sponsored entities
Assets
Available-for-sale securities		50,000,000	64,000,000
Trading securities		841,000,000	303,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2 | Obligations of states, municipalities, and political subdivisions
Assets
Available-for-sale securities		87,000,000	102,000,000
Trading securities		3,000,000	14,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2 | Non-U.S. government and government sponsored entities
Assets
Trading securities			20,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2 | Corporate debt
Assets
Available-for-sale securities		263,000,000	263,000,000
Trading securities		484,000,000	1,056,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2 | Residential Mortgage Backed Securities [Member]
Assets
Available-for-sale securities		86,000,000	73,000,000
Trading securities		13,000,000	36,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2 | Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Assets
Available-for-sale securities		48,000,000	63,000,000
Trading securities		225,000,000	512,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2 | Preferred stock
Assets
Available-for-sale securities		7,000,000	7,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3
Assets
Available-for-sale securities	[2]	1,000,000	8,000,000
Trading securities		0	0
Total investment securities		1,000,000	8,000,000
Total		1,000,000	8,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3 | Commercial mortgage-backed securities (“CMBS”)
Assets
Available-for-sale securities		0	3,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3 | Bonds:
Assets
Available-for-sale securities		0	7,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3 | Corporate debt
Assets
Available-for-sale securities		0	4,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3 | Residential Mortgage Backed Securities [Member]
Assets
Available-for-sale securities		0	0
Trading securities		0
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3 | Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Assets
Available-for-sale securities			0
Trading securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3 | Other long-term investments
Assets
Available-for-sale securities	[3]	1,000,000	1,000,000
Cash Equivalents | Fair Value, Measurements, Recurring [Member] | Total Fair Value
Assets
Available-for-sale securities		1,000,000	3,000,000
Trading securities			238,000,000
Cash Equivalents | Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 2
Assets
Available-for-sale securities		$ 1,000,000	3,000,000
Trading securities			$ 238,000,000
Discounted Cash Flow Valuation Technique [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3
Assets
Number of Bonds | bond			1
Discounted Cash Flow Valuation Technique [Member] | Commercial mortgage-backed securities (“CMBS”) | Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3
Assets
Number of Bonds | bond			1
Discounted Cash Flow Valuation Technique [Member] | Corporate debt | Fair Value, Measurements, Recurring [Member] | Fair Value Measurements Using Level 3
Assets
Number of Bonds | bond		1	1
[1]	Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at June 30, 2015 and December 31, 2014, which is classified as a restricted investment and carried at cost.
[2]	Common stocks not carried at fair value totaled $1 million at June 30, 2015 and December 31, 2014 and, therefore, have been excluded from the table above.
[3]	Other long-term investments excludes an immaterial interest in a limited partnership that we account for using the equity method.

Fair Value Measurements (Deta79

Fair Value Measurements (Details 3) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015		Jun. 30, 2014
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Purchases, sales, issues, settlements								$ 1,000
Available-for-sale securities
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Balance at beginning of period				$ 11,000				15,000
Net gains (losses) included in: Other revenues				0				0
Net gains (losses) included in: Other comprehensive income (loss)				0				0
Purchases, sales, issues, settlements				(4,000)	[1]			(8,000)	[2]
Transfers out of Level 3				(1,000)	[3]			(1,000)	[4]
Balance at end of period				6,000				6,000
Trading securities
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Balance at beginning of period				8,000				7,000
Transfers into Level 3				0				1,000	[5]
Transfers out of Level 3				(2,000)	[3]			(2,000)	[4]
Balance at end of period				6,000				6,000
Securities Investment
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Balance at beginning of period		$ 5,000		19,000		$ 8,000		22,000
Net gains (losses) included in: Other revenues		0		0		0		0
Net gains (losses) included in: Other comprehensive income (loss)		0		0		0		0
Purchases, sales, issues, settlements		(4,000)	[6]	(4,000)	[1]	(4,000)	[7]	(8,000)	[2]
Transfers into Level 3		0		0		0		1,000	[5]
Transfers out of Level 3		0		(3,000)	[3]	(3,000)	[8]	(3,000)	[4]
Balance at end of period		1,000		12,000		1,000		12,000
Bonds: | Available-for-sale securities
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Balance at beginning of period				10,000		7,000		14,000
Net gains (losses) included in: Other revenues				0		0		0
Net gains (losses) included in: Other comprehensive income (loss)				0		0		0
Purchases, sales, issues, settlements				(4,000)	[1]	(4,000)	[7]	(8,000)	[2]
Transfers out of Level 3				(1,000)	[3]	(3,000)	[8]	(1,000)	[4]
Balance at end of period		0		5,000		0		5,000
Corporate debt | Available-for-sale securities
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Balance at beginning of period		4,000		9,000		4,000		13,000
Net gains (losses) included in: Other revenues		0		0		0		0
Net gains (losses) included in: Other comprehensive income (loss)		0		0		0		0
Purchases, sales, issues, settlements		(4,000)	[6]	(4,000)	[1]	(4,000)	[7]	(8,000)	[2]
Transfers out of Level 3		0		0	[3]			0	[4]
Balance at end of period		0		5,000		0		5,000
Commercial mortgage-backed securities (“CMBS”) | Available-for-sale securities
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Balance at beginning of period						3,000
Net gains (losses) included in: Other comprehensive income (loss)						0
Transfers out of Level 3	[8]					(3,000)
Balance at end of period		0				0
Other long-term investments | Available-for-sale securities
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Balance at beginning of period		1,000		1,000		1,000		1,000
Net gains (losses) included in: Other revenues		0		0				0
Net gains (losses) included in: Other comprehensive income (loss)		0		0		0		0
Purchases, sales, issues, settlements		0	[6]	0	[1]	0	[7]	0	[2]
Transfers out of Level 3		0		0	[3]			0	[4]
Balance at end of period		$ 1,000		1,000		$ 1,000		1,000
Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”) | Available-for-sale securities
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Balance at beginning of period				1,000				1,000
Net gains (losses) included in: Other revenues								0
Net gains (losses) included in: Other comprehensive income (loss)								0
Purchases, sales, issues, settlements				0	[1]			0	[2]
Transfers out of Level 3				(1,000)	[3]			(1,000)	[4]
Balance at end of period				0				0
Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”) | Trading securities
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Balance at beginning of period				7,000				7,000
Net gains (losses) included in: Other revenues				0				0
Net gains (losses) included in: Other comprehensive income (loss)				0				0
Purchases, sales, issues, settlements				0	[1]			0	[2]
Transfers into Level 3	[5]							0
Transfers out of Level 3				(1,000)	[3]			(1,000)	[4]
Balance at end of period				6,000				6,000
Residential mortgage-backed securities (“RMBS”) | Trading securities
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Balance at beginning of period				1,000
Net gains (losses) included in: Other revenues				0
Net gains (losses) included in: Other comprehensive income (loss)				0
Purchases, sales, issues, settlements	[1]			0
Transfers into Level 3	[5]							1,000
Transfers out of Level 3				(1,000)	[3]			(1,000)	[4]
Balance at end of period				$ 0				$ 0
[1]	“Purchases, sales, issues, and settlements” column consisted only of settlements.
[2]	“Purchases, sales, issues, and settlements” column consisted only of settlements for the six months ended June 30, 2014, as the purchases were less than $1 million.
[3]	During the three months ended June 30, 2014, we transferred RMBS and CDO/ABS securities totaling $3 million out of Level 3 primarily due to greater pricing transparency.
[4]	During the six months ended June 30, 2014, we transferred RMBS and CDO/ABS securities totaling $3 million out of Level 3 primarily due to greater pricing transparency.
[5]	During the six months ended June 30, 2014, we transferred $1 million of RMBS securities into Level 3 primarily due to lesser pricing transparency.
[6]	“Purchases, sales, issues, and settlements” column consisted only of settlements.
[7]	(a)“Purchases, sales, issues, and settlements” column consisted only of settlements.
[8]	During the six months ended June 30, 2015, we transferred CMBS securities totaling $3 million out of Level 3 primarily related to the greater observability of pricing inputs.

Fair Value Measurements (Deta80

Fair Value Measurements (Details 4) - Level 3 - Fair Value, Measurements, Recurring [Member] - Discounted Cash Flow Valuation Technique [Member] - bond		6 Months Ended	12 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Corporate debt
Unobservable Input
Yield (as a percent)	[1]	0.00%	1.05%
Number of Bonds		1	1
Commercial mortgage-backed securities (“CMBS”)
Unobservable Input
Spread (as a percent)	[1],[2]		1.39%
Number of Bonds			1
Residential Mortgage Backed Securities [Member]
Unobservable Input
Spread (as a percent)	[1]	7.30%	7.36%	[2]
Number of Bonds			1
[1]	At June 30, 2015 and December 31, 2014, RMBS consisted of one bond. At December 31, 2014, corporate debt and CMBS also consisted of one bond.
[2]	During the first quarter of 2015, we identified that we incorrectly disclosed the weighted average ranges of our RMBS bond and CMBS bond as of December 31, 2014. The weighted average ranges of these bonds at December 31, 2014 have been corrected in the table above.

Fair Value Measurements (Deta81

Fair Value Measurements (Details 5) - Non-recurring basis - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Assets measured at fair value on a non-recurring basis
Assets measured at fair value on non-recurring basis	[1]	$ 20		$ 20		$ 30
Impairment Charges		(1)	$ 3	0	$ 9
Real estate owned
Assets measured at fair value on a non-recurring basis
Assets measured at fair value on non-recurring basis	[1]	12		12		19
Impairment of real estate		1	4	2	10
Commercial mortgage loans
Assets measured at fair value on a non-recurring basis
Assets measured at fair value on non-recurring basis	[1]	8		8		11
Impairment of commercial mortgage loans		(2)	$ (1)	(2)	$ (1)
Fair Value Measurements Using Level 3
Assets measured at fair value on a non-recurring basis
Assets measured at fair value on non-recurring basis	[1]	20		20		30
Fair Value Measurements Using Level 3 | Real estate owned
Assets measured at fair value on a non-recurring basis
Assets measured at fair value on non-recurring basis	[1]	12		12		19
Fair Value Measurements Using Level 3 | Commercial mortgage loans
Assets measured at fair value on a non-recurring basis
Assets measured at fair value on non-recurring basis	[1]	$ 8		$ 8		$ 11
[1]	The fair value information presented in the table above is as of the date the fair value adjustment was recorded.