OneMain (OMF) 10-Q 3 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 30, 2019
Document and Entity Information
Entity Registrant Name	OneMain Holdings, Inc.
Entity Central Index Key	0001584207
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		136,093,799
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 1,709	$ 679
Investment securities	1,743	1,694
Net finance receivables (includes loans of consolidated VIEs of $9.1 billion in 2019 and $8.5 billion in 2018)	16,136	16,164
Unearned insurance premium and claim reserves	(668)	(662)
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $430 million in 2019 and $444 million in 2018)	(733)	(731)
Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses	14,735	14,771
Finance receivables held for sale	78	103
Restricted cash and restricted cash equivalents (include restricted cash and restricted cash equivalents of consolidated VIEs of $558 million in 2019 and $479 million in 2018)	575	499
Goodwill	1,422	1,422
Other intangible assets	372	388
Other assets	724	534
Total assets	21,358	20,090
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $8.1 billion in 2019 and $7.5 billion in 2018)	16,117	15,178
Insurance claims and policyholder liabilities	642	685
Deferred and accrued taxes	81	45
Other liabilities (includes other liabilities of consolidated VIEs of $16 million in 2019 and $14 million in 2018)	568	383
Total liabilities	17,408	16,291
Commitments and contingent liabilities (Note 13)
Shareholders’ equity:
Common stock, par value $.01 per share; 2,000,000,000 shares authorized, 136,082,463 and 135,832,278 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	1	1
Additional paid-in capital	1,682	1,681
Accumulated other comprehensive loss	(2)	(34)
Retained earnings	2,269	2,151
Total shareholders’ equity	3,950	3,799
Total liabilities and shareholders’ equity	$ 21,358	$ 20,090

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Net finance receivables	$ 16,136	$ 16,164
Allowance for finance receivable losses	733	731
Restricted cash and restricted cash equivalents	575	499
Long-term debt	16,117	15,178
Other liabilities	$ 568	$ 383
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	136,082,463	135,832,278
Common stock, shares outstanding (in shares)	136,082,463	135,832,278
Consolidated VIEs
Allowance for finance receivable losses	$ 430	$ 444
Restricted cash and restricted cash equivalents	558	479
Long-term debt	8,100	7,500
Other liabilities	16	14
Finance receivables - Personal loans
Allowance for finance receivable losses	733	731
Finance receivables - Personal loans | Consolidated VIEs
Net finance receivables	$ 9,100	$ 8,500

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest income:
Finance charges	$ 953	$ 859
Finance receivables held for sale	3	3
Total interest income	956	862
Interest expense	236	200
Net interest income	720	662
Provision for finance receivable losses	286	254
Net interest income (loss) after provision for finance receivable losses	434	408
Other revenues:
Insurance	110	105
Investment	26	13
Net loss on repurchases and repayments of debt	(21)	(1)
Net gain on sale of real estate loans	3	0
Other	30	20
Total other revenues	148	137
Other expenses:
Salaries and benefits	199	199
Other operating expenses	136	133
Insurance policy benefits and claims	45	45
Total other expenses	380	377
Income (loss) before income tax expense (benefit)	202	168
Income taxes	50	44
Net income	$ 152	$ 124
Weighted average number of shares outstanding:
Basic (in shares)	136,001,996	135,596,279
Diluted (in shares)	136,191,283	135,897,296
Earnings per share:
Basic (in dollars per share)	$ 1.12	$ 0.91
Diluted (in dollars per share)	$ 1.11	$ 0.91

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 152	$ 124
Other comprehensive income (loss):
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	39	(24)
Foreign currency translation adjustments	2	(3)
Income tax effect:
Net unrealized gains (losses) on non-credit impaired available-for-sale securities	(9)	4
Other comprehensive income (loss), net of tax	32	(23)
Comprehensive income	$ 184	$ 101

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Balance at beginning of period at Dec. 31, 2017	$ 3,278	$ 1	$ 1,560	$ 11	$ 1,706
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Non-cash incentive compensation from SFH	4		4
Share-based compensation expense, net of forfeitures	5		5
Withholding tax on share-based compensation	(6)		(6)
Other comprehensive income (loss)	(23)			(23)	0
Net income	124				124
Balance at end of period at Mar. 31, 2018	$ 3,382	1	1,563	(12)	1,830
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared (in dollars per share)	$ 0
Balance at beginning of period at Dec. 31, 2018	$ 3,799	1	1,681	(34)	2,151
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense, net of forfeitures	6		6
Withholding tax on share-based compensation	(5)		(5)
Other comprehensive income (loss)	32			32
Cash Dividends	(34)				(34)
Net income	152				152
Balance at end of period at Mar. 31, 2019	$ 3,950	$ 1	$ 1,682	$ (2)	$ 2,269
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared (in dollars per share)	$ 0.25
Cash dividends paid (in dollars per share)	$ 0.25

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Cash Flows [Abstract]
Net income	$ 152	$ 124
Reconciling adjustments:
Provision for finance receivable losses	286	254
Depreciation and amortization	68	67
Deferred income tax charge (benefit)	9	11
Net loss on repurchases and repayments of debt	21	1
Non-cash incentive compensation from SFH	0	4
Share-based compensation expense, net of forfeitures	6	5
Other	(11)	6
Cash flows due to changes in other assets and other liabilities	17	83
Net cash provided by operating activities	548	555
Cash flows from investing activities
Net principal originations of finance receivables held for investment and held for sale	(290)	(333)
Proceeds on sales of finance receivables held for sale originated as held for investment	19	0
Available-for-sale securities purchased	(154)	(197)
Available-for-sale securities called, sold, and matured	103	156
Trading and other securities called, sold, and matured	5	8
Other, net	12	(15)
Net cash used for investing activities	(305)	(381)
Cash flows from financing activities
Proceeds from issuance of long-term debt, net of commissions	2,327	2,805
Repayment of long-term debt	(1,425)	(1,972)
Dividends	(34)	0
Withholding tax on share-based compensation	(5)	(6)
Net cash provided by financing activities	863	827
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents	1,106	1,001
Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period	1,178	1,485
Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period	2,284	2,486
Supplemental cash flow information
Total cash and cash equivalents and restricted cash and restricted cash equivalents	1,178	1,485
Cash paid for amounts included in the measurement of operating lease liabilities	15
Supplemental non-cash activities
Right-of-use assets obtained in exchange for operating lease obligations	173
Net unsettled investment security purchases	$ (2)	$ (5)

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	1. Business and Basis of Presentation OneMain Holdings, Inc. is referred to in this report as “OMH” or, collectively with its subsidiaries, whether directly or indirectly owned, the “Company,” “we,” “us,” or “our.” OMH is a Delaware corporation. OMH is a financial services holding company whose principal subsidiary is Springleaf Finance, Inc. (“SFI”). SFI’s principal subsidiary is Springleaf Finance Corporation (“SFC”). On June 22, 2018, SFI entered into a contribution agreement with OMH, whereby OMH contributed all of the common interests of Independence Holdings, LLC (“Independence”) to SFI. Immediately thereafter, SFI entered into a separate contribution agreement with SFC, pursuant to which SFI contributed all of the common interests of Independence to SFC. As a result of the contribution from SFI to SFC, Independence became a wholly owned direct subsidiary of SFC on June 22, 2018. Independence, through its wholly owned subsidiary OneMain Financial Holdings, LLC (“OMFH”) and OMFH’s subsidiaries, and SFC engage in the consumer finance and insurance businesses. Apollo-Värde Transaction On January 3, 2018, an investor group led by funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) and Värde Partners, Inc. (“Värde” and together with Apollo, collectively, the “Apollo-Värde Group”) entered into a Share Purchase Agreement with SFH and the Company to acquire from SFH 54,937,500 shares of OMH’s common stock, par value $0.01 per share, at a purchase price per share of $26.00 , representing the entire holdings of our stock beneficially owned by a private equity fund managed by an affiliate of Fortress Investment Group LLC (“Fortress”). This transaction closed on June 25, 2018 for an aggregate purchase price of approximately $1.4 billion in cash (the “Apollo-Värde Transaction”). In connection with the Apollo-Värde Transaction, certain executive officers who are holders of SFH incentive units received a distribution of approximately $106 million in the aggregate from SFH in the second quarter of 2018 as a result of their ownership interests in SFH. Although the distribution was not made by the Company or its subsidiaries, in accordance with ASC Topic 710, Compensation-General , we recorded non-cash incentive compensation expense of approximately $106 million , with an equal and offsetting increase to additional paid-in-capital. The impact to the Company was non-cash, equity neutral and not tax deductible. AIG Share Sale Transaction On February 21, 2018, the Company, SFH and Morgan Stanley & Co. LLC as underwriter entered into an underwriting agreement in connection with the sale by SFH of 4,179,678 shares of our common stock. These shares were beneficially owned by AIG Capital Corporation (“AIG”), a subsidiary of American International Group, Inc., and represented the entire holdings of our stock beneficially owned by AIG. In connection with this sale of our common stock by SFH, certain executive officers who held SFH incentive units, as described above, received a distribution of approximately $4 million in the first quarter of 2018. Consistent with the accounting for the distribution from the Apollo-Värde Transaction described above, the Company recognized non-cash incentive compensation expense of approximately $4 million , with an equal and offsetting increase to additional paid-in-capital. Again, the impact to the Company was non-cash, equity neutral and not tax deductible. At March 31, 2019 , the Apollo-Värde Group owned approximately 40.4% of OMH’s common stock. BASIS OF PRESENTATION We prepared our condensed consolidated financial statements using 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 GAAP. The statements include the accounts of OMH, its subsidiaries (all of which are wholly owned), and 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. Actual 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. To conform to the 2019 presentation, we have reclassified certain items in prior periods of our condensed consolidated financial statements. The condensed consolidated financial statements in this report should be read in conjunction with the consolidated financial statements and related notes included in our 2018 Annual Report on Form 10-K. We follow the same significant accounting policies for our interim reporting, except for the new accounting pronouncements subsequently adopted and disclosed in Note 2 below.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED Leases In February of 2016, the FASB issued ASU 2016-02, Leases , which requires lessees to recognize a right-of-use asset and a liability for the obligation to make payments on leases with terms greater than 12 months and to disclose information related to the amount, timing and uncertainty of cash flows arising from leases, including various qualitative and quantitative requirements. Management has reviewed this update and other ASUs that were subsequently issued to further clarify the implementation guidance outlined in ASU 2016-02. We adopted the amendments of these ASUs as of January 1, 2019. See Note 13 for additional information on the adoption of ASU 2016-02. ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED Financial Instruments - Credit Losses In June of 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments , which significantly changes the way that entities will be required to measure credit losses. The new standard requires that the estimated credit loss be based upon an “expected credit loss” approach rather than the “incurred loss” approach currently required. The new approach will require entities to measure all expected credit losses for financial assets over their expected lives based on historical experience, current conditions, and reasonable forecasts of collectability. It is anticipated that the expected credit loss model will require earlier recognition of credit losses than the incurred loss approach. Therefore, we would expect ongoing changes in the allowance for finance receivable losses will be driven primarily by the nature and growth of the Company’s loan portfolio and the economic environment at that time. The ASU requires that credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination and that are measured at amortized cost basis be determined in a similar manner to other financial assets measured at amortized cost basis; however, the initial allowance for credit losses is added to the purchase price of the financial asset rather than being reported as a credit loss expense. Subsequent changes in the allowance for credit losses are recorded in earnings. Interest income should be recognized based on the effective rate, excluding the discount embedded in the purchase price attributable to expected credit losses at acquisition. The ASU also requires companies to record allowances for held-to-maturity and available-for-sale debt securities rather than write-downs of such assets. In addition, the ASU requires qualitative and quantitative disclosures that provide information about the allowance and the significant factors that influenced management’s estimate of the allowance. The ASU will become effective for the Company for fiscal years beginning January 1, 2020. Early adoption is permitted for fiscal years beginning January 1, 2019. The Company’s cross-functional implementation team continues to make progress in line with the established project plan to ensure we comply with all updates from this ASU at the time of adoption. We continue to refine the development of an acceptable model to estimate the expected credit losses in accordance with our model governance policies. The Company has started the parallel testing phase in 2019. The Company will provide further disclosure regarding the estimated impact on our allowance for finance receivable losses as the parallel testing phase is enhanced with additional levels of governance and review. In addition to the development of the model, we are assessing the additional disclosure requirements from this update and the impact the adoption may have on any available-for-sale securities held by the Company. We believe the adoption of this ASU will have a material effect on our consolidated financial statements through an increase to the allowance for finance receivable losses, an increase to deferred tax assets and a corresponding one-time cumulative reduction to retained earnings, net of tax, in the consolidated balance sheet as of the beginning of the year of adoption. Insurance In August of 2018, the FASB issued ASU 2018-12, Financial Services - Insurance: Targeted Improvements to the Accounting for Long-Duration Contracts , which provides targeted improvements to Topic 944 for the assumptions used to measure the liability for future policy benefits for nonparticipating traditional and limited-payment contracts; measurement of market risk benefits; amortization of deferred acquisition costs; and enhanced disclosures. The amendments in this ASU become effective for fiscal years beginning January 1, 2021. We have established a cross-functional implementation team and a project plan to ensure we comply with all the amendments in this ASU at the time of adoption. We are currently evaluating the potential impact of the adoption of the ASU on our consolidated financial statements. We do not believe that any other accounting pronouncements issued during the three months ended March 31, 2019 , but not yet effective, would have a material impact on our consolidated financial statements or disclosures, if adopted.

Finance Receivables

Finance Receivables	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Finance Receivables	3. Finance Receivables Our finance receivables consist of personal loans, which are non-revolving, with a fixed-rate, a fixed term of three to six years , and are secured by automobiles, other titled collateral or are unsecured. Prior to September 30, 2018, our finance receivables also included other receivables, which consist of our liquidating loan portfolios: real estate loans, retail sales finance contracts and revolving retail accounts. We continue to service or sub-service liquidating real estate loans and retail sales finance contracts. Effective September 30, 2018, our real estate loans were transferred from held for investment to held for sale. See Notes 5, 6 and 7 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our 2018 Annual Report on Form 10-K for more information about Other Receivables. Net finance receivables consist of our total portfolio of personal loans. Components of our personal loans were as follows: (dollars in millions) March 31, December 31, Gross receivables * $ 15,968 $ 15,978 Unearned points and fees (202 ) (201 ) Accrued finance charges 240 253 Deferred origination costs 130 134 Total $ 16,136 $ 16,164 * Gross receivables equal the UPB except for the following: • Finance receivables purchased as a performing receivable — gross receivables are equal to UPB and, if applicable, any remaining unearned premium or discount established at the time of purchase to reflect the finance receivable balance at its initial fair value; and • Purchased credit impaired finance receivables — gross receivables equal the remaining estimated cash flows less the current balance of accretable yield on the purchased credit impaired accounts. At March 31, 2019 and December 31, 2018 , unused lines of credit extended to customers by the Company were immaterial . CREDIT QUALITY INDICATOR We consider the value of the collateral, the concentration of secured loans, and the delinquency status of our finance receivables as our primary credit quality indicators. At March 31, 2019 and December 31, 2018 , 49% and 48% of our personal loans were secured by titled collateral, respectively. We monitor delinquency trends to manage our exposure to credit risk. When finance receivables are 60 days contractually past due, we consider these accounts to be at an increased risk for loss and we transfer collection of these accounts to our centralized operations. At 90 days or more contractually past due, we consider our finance receivables to be nonperforming. The following is a summary of our personal loans held for investment by number of days delinquent: (dollars in millions) March 31, December 31, Performing Current $ 15,489 $ 15,411 30-59 days past due 179 229 60-89 days past due 133 161 Total performing 15,801 15,801 Nonperforming 90-179 days past due 327 355 180 days or more past due 8 8 Total nonperforming 335 363 Total $ 16,136 $ 16,164 PURCHASED CREDIT IMPAIRED FINANCE RECEIVABLES Our purchased credit impaired finance receivables consist of personal loans held for investment and real estate loans held for sale purchased in connection with the OneMain Acquisition and the Fortress Acquisition, respectively. We report the carrying amount of our purchased credit impaired personal loans in net finance receivables, less allowance for finance receivable losses and our purchased credit impaired real estate loans in finance receivables held for sale as discussed below. At March 31, 2019 and December 31, 2018 , finance receivables held for sale totaled $78 million and $103 million , respectively, which include purchased credit impaired real estate loans, as well as TDR real estate loans. See Note 5 for further information on our finance receivables held for sale. Information regarding our purchased credit impaired finance receivables were as follows: (dollars in millions) March 31, December 31, Personal Loans Carrying amount, net of allowance $ 73 $ 89 Outstanding balance (a) 116 135 Allowance for purchased credit impaired finance receivable losses (b) — — Real Estate Loans - Held for Sale Carrying amount $ 22 $ 28 Outstanding balance (a) 39 48 (a) Outstanding balance is defined as UPB of the loans with a net carrying amount. (b) The allowance for purchased credit impaired finance receivable losses reflects the carrying value of the purchased credit impaired loans held for investment exceeding the present value of the expected cash flows. As indicated above, no allowance was required as of March 31, 2019 or December 31, 2018. Changes in accretable yield for purchased credit impaired finance receivables were as follows: Three Months Ended March 31, (dollars in millions) 2019 2018 Personal Loans Balance at beginning of period $ 39 $ 47 Accretion (5 ) (6 ) Reclassifications from nonaccretable difference (a) — 8 Balance at end of period $ 34 $ 49 Real Estate Loans - Held for Sale Balance at beginning of period $ 27 $ 53 Accretion (1 ) (1 ) Transfer due to finance receivables sold (3 ) — Balance at end of period $ 23 $ 52 (a) Reclassifications from nonaccretable difference represents the increases in accretable yield resulting from higher estimated undiscounted cash flows. TDR FINANCE RECEIVABLES Information regarding TDR finance receivables were as follows: (dollars in millions) March 31, December 31, Personal Loans TDR gross receivables (a) $ 499 $ 450 TDR net receivables (b) 502 453 Allowance for TDR finance receivable losses 196 170 Real Estate Loans - Held for Sale TDR gross receivables (a) $ 58 $ 89 TDR net receivables (b) 58 75 (a) TDR gross receivables — gross receivables are equal to UPB and, if applicable, any remaining unearned premium or discount established at the time of purchase if previously purchased as a performing receivable. (b) TDR net receivables — TDR gross receivables net of unearned points and fees, accrued finance charges, deferred origination costs and any impairment for real estate loans held for sale. As of March 31, 2019 , we had 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 Other Receivables * Total Three Months Ended March 31, 2019 TDR average net receivables $ 477 $ 64 $ 541 TDR finance charges recognized 12 1 13 Three Months Ended March 31, 2018 TDR average net receivables $ 337 $ 139 $ 476 TDR finance charges recognized 11 2 13 * Other Receivables held for sale included in the table above consist of real estate loans and were as follows: Three Months Ended March 31, (dollars in millions) 2019 2018 TDR average net receivables $ 64 $ 90 TDR finance charges recognized 1 1 Information regarding the new volume of the TDR finance receivables held for investment, consisting of personal loans, are reflected in the following table. New volume of TDR other receivables are not included in the table below as they were immaterial for the three months ended March 31, 2019 and 2018 . Three Months Ended March 31, (dollars in millions) 2019 2018 Personal Loans Pre-modification TDR net finance receivables $ 120 $ 94 Post-modification TDR net finance receivables: Rate reduction $ 85 $ 70 Other * 35 24 Total post-modification TDR net finance receivables $ 120 $ 94 Number of TDR accounts 18,506 14,730 * “Other” modifications primarily include potential principal and interest forgiveness contingent on future payment performance by the borrower under the modified terms. Personal loans held for investment 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: Three Months Ended March 31, (dollars in millions) 2019 2018 Personal Loans TDR net finance receivables * $ 19 $ 18 Number of TDR accounts 2,925 2,719 * Represents the corresponding balance of TDR net finance receivables at the end of the month in which they defaulted. TDR other receivables for the three months ended March 31, 2019 and 2018 that defaulted during the previous 12-month period were immaterial.

Allowance for Finance Receivabl

Allowance for Finance Receivable Losses	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Allowance for Finance Receivable Losses	4. Allowance for Finance Receivable Losses Changes in the allowance for finance receivable losses by finance receivable type were as follows: (dollars in millions) Personal Other Receivables Total Three Months Ended March 31, 2019 Balance at beginning of period $ 731 $ — $ 731 Provision for finance receivable losses 286 — 286 Charge-offs (311 ) — (311 ) Recoveries 27 — 27 Balance at end of period $ 733 $ — $ 733 Three Months Ended March 31, 2018 Balance at beginning of period $ 673 $ 24 $ 697 Provision for finance receivable losses 254 — 254 Charge-offs (289 ) (1 ) (290 ) Recoveries 27 1 28 Balance at end of period $ 665 $ 24 $ 689 The allowance for finance receivable losses and net finance receivables by impairment method were as follows: (dollars in millions) March 31, December 31, Allowance for finance receivable losses: Collectively evaluated for impairment $ 537 $ 561 Purchased credit impaired finance receivables — — TDR finance receivables 196 170 Total $ 733 $ 731 Finance receivables: Collectively evaluated for impairment $ 15,561 $ 15,622 Purchased credit impaired finance receivables 73 89 TDR finance receivables 502 453 Total $ 16,136 $ 16,164 Allowance for finance receivable losses as a percentage of finance receivables 4.54 % 4.52 %

Finance Receivables Held for Sa

Finance Receivables Held for Sale	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Finance Receivables Held for Sale	5. Finance Receivables Held for Sale We reported finance receivables held for sale of $78 million at March 31, 2019 and $103 million at December 31, 2018 , which consist entirely of real estate loans and are carried at the lower of cost or fair value, applied on an aggregate basis. In February 2019, we sold a portfolio of real estate loans with a carrying value of $16 million for aggregate cash proceeds of $19 million and recorded a net gain in other revenues of $3 million (“February 2019 Real Estate Loan Sale”). After the recognition of the February 2019 Real Estate Loan Sale, the carrying value of the remaining loans classified in finance receivables held for sale exceeded their fair value and, accordingly, we marked the remaining loans to fair value and recorded an impairment in other revenue of $3 million . At March 31, 2019 , the carrying value of our finance receivables held for sale was not impaired. We did not have any material transfers to or from finance receivables held for sale during the three months ended March 31, 2019 and 2018 .

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Investment Securities	6. Investment Securities AVAILABLE-FOR-SALE SECURITIES Cost/amortized cost, unrealized gains and losses, and fair value of fixed maturity available-for-sale securities by type were as follows: (dollars in millions) Cost/ Amortized Cost Unrealized Gains Unrealized Losses Fair Value March 31, 2019 Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 17 $ — $ — $ 17 Obligations of states, municipalities, and political subdivisions 87 — — 87 Certificates of deposit and commercial paper 59 — — 59 Non-U.S. government and government sponsored entities 143 2 — 145 Corporate debt 1,056 13 (10 ) 1,059 Mortgage-backed, asset-backed, and collateralized: RMBS 141 1 (1 ) 141 CMBS 67 — (1 ) 66 CDO/ABS 82 1 — 83 Total $ 1,652 $ 17 $ (12 ) $ 1,657 December 31, 2018 Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 21 $ — $ — $ 21 Obligations of states, municipalities, and political subdivisions 91 — (1 ) 90 Certificates of deposit and commercial paper 63 — — 63 Non-U.S. government and government sponsored entities 145 — (2 ) 143 Corporate debt 1,027 2 (32 ) 997 Mortgage-backed, asset-backed, and collateralized: RMBS 130 — (2 ) 128 CMBS 72 — (1 ) 71 CDO/ABS 94 1 (1 ) 94 Total $ 1,643 $ 3 $ (39 ) $ 1,607 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 Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2019 U.S. government and government sponsored entities $ — $ — $ 17 $ — $ 17 $ — Obligations of states, municipalities, and political subdivisions 5 — 38 — 43 — Non-U.S. government and government sponsored entities 1 — 45 — 46 — Corporate debt 63 (1 ) 416 (9 ) 479 (10 ) Mortgage-backed, asset-backed, and collateralized: RMBS 10 — 63 (1 ) 73 (1 ) CMBS 3 — 42 (1 ) 45 (1 ) CDO/ABS 3 — 30 — 33 — Total $ 85 $ (1 ) $ 651 $ (11 ) $ 736 $ (12 ) December 31, 2018 U.S. government and government sponsored entities $ 3 $ — $ 16 $ — $ 19 $ — Obligations of states, municipalities, and political subdivisions 10 — 57 (1 ) 67 (1 ) Non-U.S. government and government sponsored entities 19 (1 ) 97 (1 ) 116 (2 ) Corporate debt 377 (14 ) 448 (18 ) 825 (32 ) Mortgage-backed, asset-backed, and collateralized: RMBS 23 — 78 (2 ) 101 (2 ) CMBS 10 — 54 (1 ) 64 (1 ) CDO/ABS 18 — 33 (1 ) 51 (1 ) Total $ 460 $ (15 ) $ 783 $ (24 ) $ 1,243 $ (39 ) On a lot basis, we had 1,031 and 1,767 investment securities in an unrealized loss position at March 31, 2019 and December 31, 2018 , respectively. We do not consider the unrealized losses to be credit-related, as these unrealized losses primarily relate to changes in interest rates and market spreads subsequent to purchase. Additionally, at March 31, 2019 , other-than-temporary impairments on investment securities that we intend to sell were immaterial. We do not have plans to sell any of the remaining investment securities with unrealized losses as of March 31, 2019 , and we believe it is more likely than not that we would not be required to sell such investment securities before recovery of their amortized cost. We continue to monitor unrealized loss positions for potential impairments. During the three months ended March 31, 2019 and 2018 , other-than-temporary impairment credit losses, primarily on corporate debt, in investment revenues were immaterial. There were no material additions or reductions in the cumulative amount of credit losses (recognized in earnings) on other-than-temporarily impaired available-for-sale securities during the three months ended March 31, 2019 and 2018 . The proceeds of available-for-sale securities sold or redeemed during the three months ended March 31, 2019 and March 31, 2018 were $29 million and $71 million , respectively. The realized gains and losses were immaterial during the three months ended March 31, 2019 and 2018 . Contractual maturities of fixed-maturity available-for-sale securities at March 31, 2019 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 $ 207 $ 208 Due after 1 year through 5 years 552 549 Due after 5 years through 10 years 421 417 Due after 10 years 187 188 Mortgage-backed, asset-backed, and collateralized securities 290 290 Total $ 1,657 $ 1,652 Actual maturities may differ from contractual maturities since issuers and borrowers may have the right to call or prepay obligations. We may sell investment securities before maturity for general corporate and working capital purposes and to achieve certain investment strategies. The fair value of securities on deposit with third parties totaled $509 million and $515 million at March 31, 2019 and December 31, 2018 , respectively. OTHER SECURITIES The fair value of other securities by type was as follows: (dollars in millions) March 31, December 31, Fixed maturity other securities: Bonds Non-U.S. government and government sponsored entities $ 1 $ 1 Corporate debt 38 43 Mortgage-backed, asset-backed, and collateralized bonds 2 2 Total bonds 41 46 Preferred stock (a) 20 19 Common stock (a) 24 21 Other long-term investments 1 1 Total $ 86 $ 87 (a) The Company employs an income equity strategy targeting investments in stocks with strong current dividend yields. Stocks included have a history of stable or increasing dividend payments. We recognized $4 million in unrealized gains and $2 million in unrealized losses on other securities for the three months ended March 31, 2019 and 2018 , respectively. We report these unrealized gains and losses in investment revenues. Net realized gains and losses on other securities sold or redeemed were immaterial for the three months ended March 31, 2019 and 2018 . We report these gains and losses in investment revenues. Other securities include equity securities and those securities for which the fair value option was elected.

Long-term Debt

Long-term Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Long-term Debt	7. Long-term Debt Principal maturities of long-term debt (excluding projected repayments on securitizations and revolving conduit facilities by period) by type of debt at March 31, 2019 were as follows: Senior Debt (dollars in millions) Securitizations Unsecured Junior Total Interest rates (b) 2.16% - 6.94% 5.63% - 8.25% 4.54 % Remainder of 2019 — 299 — 299 2020 — 1,000 — 1,000 2021 — 646 — 646 2022 — 1,000 — 1,000 2023 — 1,175 — 1,175 2024-2067 — 3,849 350 4,199 Securitizations (c) 8,155 — — 8,155 Total principal maturities $ 8,155 $ 7,969 $ 350 $ 16,474 Total carrying amount $ 8,125 $ 7,820 $ 172 $ 16,117 Debt issuance costs (d) $ (28 ) $ (69 ) $ — $ (97 ) (a) Pursuant to the SFC Base Indenture, the SFC supplemental indentures and the SFC Guaranty Agreements, OMH agreed to fully and unconditionally guarantee, on a senior unsecured basis, payments of principal, premium and interest on the SFC Unsecured Senior Notes and Junior Subordinated Debenture. The OMH guarantees of SFC’s long-term debt are subject to customary release provisions. (b) The interest rates shown are the range of contractual rates in effect at March 31, 2019 . The interest rate on the remaining principal balance of the Junior Subordinated Debenture consists of a variable floating rate (determined quarterly) equal to 3-month LIBOR plus 1.75% , or 4.54% as of March 31, 2019 . (c) Securitizations have a stated maturity date but are not included in the above maturities by period due to their variable monthly repayments, which may result in pay-off prior to the stated maturity date. At March 31, 2019 , there were no amounts drawn under our revolving conduit facilities. See Note 8 for further information on our long-term debt associated with securitizations and revolving conduit facilities. (d) Debt issuance costs are reported as a direct deduction from long-term debt, with the exception of debt issuance costs associated with our revolving conduit facilities, which totaled $25 million at March 31, 2019 and are reported in “Other assets”. SFC’S 6.125% SENIOR NOTES DUE 2024 OFFERING On February 22, 2019 , SFC issued a total of $1.0 billion aggregate principal amount of 6.125% Senior Notes due 2024 (the “ 6.125% SFC Notes due 2024”) under the SFC Senior Notes Indentures, as supplemented by the SFC Seventh Supplemental Indenture, pursuant to which OMH provided a guarantee on an unsecured basis. REDEMPTION OF 5.25% SENIOR NOTES DUE 2019 As a result of the offering described above, SFC issued a notice of redemption to redeem all of the outstanding principal amount of its 5.25% Senior Notes due 2019. On March 25, 2019 , SFC paid an aggregate amount of $706 million , inclusive of accrued interest and premiums, to complete the redemption. We recognized approximately $21 million of net loss on the repurchases and repayments of debt for the three months ended March 31, 2019 . REDEMPTION OF 6.00% SENIOR NOTES DUE 2020 On March 15, 2019 , SFC issued a Notice of Full Redemption of its 6.00% Senior Notes due 2020. On April 15, 2019 , SFC paid an aggregate amount of $317 million , inclusive of accrued interest and premiums, to complete the redemption. In connection with the redemption we will recognize approximately $11 million of net loss on repurchases and repayments of debt for the three and six months ended June 30, 2019.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	8. Variable Interest Entities CONSOLIDATED VIES We have transferred finance receivables to VIEs for asset-backed financing transactions and include the assets and liabilities in our consolidated financial statements because we are the primary beneficiary of each VIE. We account for these asset-backed debt obligations as secured borrowings. See Note 3 and Note 13 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our 2018 Annual Report on Form 10-K for more detail regarding VIEs. We parenthetically disclose on our consolidated balance sheets the VIE’s assets that can only be used to settle the VIE’s obligations and liabilities if its creditors have no recourse against the primary beneficiary’s general credit. The carrying amounts of consolidated VIE assets and liabilities associated with our securitization trusts and revolving conduit facilities were as follows: (dollars in millions) March 31, December 31, Assets Cash and cash equivalents $ 3 $ 2 Finance receivables - Personal loans 9,128 8,480 Allowance for finance receivable losses 430 444 Restricted cash and restricted cash equivalents 558 479 Other assets 26 26 Liabilities Long-term debt $ 8,125 $ 7,510 Other liabilities 16 14 Other than the retained subordinate and residual interests in our consolidated VIEs, we are under no further obligation than is otherwise noted herein, either contractually or implicitly, to provide financial support to these entities. Consolidated interest expense related to our VIEs totaled $82 million for the three months ended March 31, 2019 , compared to $87 million for the three months ended March 31, 2018 . SECURITIZED BORROWINGS Each of our securitizations contains a revolving period ranging from one to five years during which no principal payments are required to be made on the related asset-backed notes. The indentures governing our securitization borrowings contain early amortization events and events of default, that, if triggered, may result in the acceleration of the obligation to pay principal and interest on the related asset-backed notes. Our total securitized borrowings at March 31, 2019 were $8.1 billion. REVOLVING CONDUIT FACILITIES We had access to 12 conduit facilities with a total borrowing capacity of $6.2 billion as of March 31, 2019 . Our conduit facilities’ revolving period end ranges from one to three years. Principal balances of outstanding loans, if any, are due and payable in full ranging from three to eight years as of March 31, 2019 . Amounts drawn on these facilities are collateralized by our personal loans. At March 31, 2019 , no amounts were drawn under these facilities.

Insurance

Insurance	3 Months Ended
	Mar. 31, 2019
Insurance [Abstract]
Insurance	9. Insurance Changes in the reserve for unpaid claims and loss adjustment expenses (not considering reinsurance recoverable): At or for the Three Months Ended March 31, (dollars in millions) 2019 2018 Balance at beginning of period $ 117 $ 154 Less reinsurance recoverables (4 ) (23 ) Net balance at beginning of period 113 131 Additions for losses and loss adjustment expenses incurred to: Current year 54 50 Prior years * (7 ) (4 ) Total 47 46 Reductions for losses and loss adjustment expenses paid related to: Current year (17 ) (15 ) Prior years (33 ) (35 ) Total (50 ) (50 ) Net balance at end of period 110 127 Plus reinsurance recoverables 4 23 Balance at end of period $ 114 $ 150 * Reflects (i) a redundancy in the prior years’ net reserves of $7 million at March 31, 2019 primarily due to a favorable development of credit life, disability, and unemployment claims during the year and (ii) a redundancy in the prior years’ net reserves of $4 million at March 31, 2018 , primarily due to a favorable development of credit disability and unemployment claims during the year.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	10. Earnings Per Share The computation of earnings per share was as follows: Three Months Ended March 31, (dollars in millions, except per share data) 2019 2018 Numerator (basic and diluted): Net income attributable to OneMain Holdings, Inc. $ 152 $ 124 Denominator: Weighted average number of shares outstanding (basic) 136,001,996 135,596,279 Effect of dilutive securities * 189,287 301,017 Weighted average number of shares outstanding (diluted) 136,191,283 135,897,296 Earnings per share: Basic $ 1.12 $ 0.91 Diluted $ 1.11 $ 0.91 * We have excluded the following shares in the diluted earnings per share calculation for three months ended March 31, 2019 and 2018 because these shares would be anti-dilutive, which could impact the earnings per share calculation in the future: Three Months Ended March 31, 2019 2018 Performance-based shares 127,183 97,161 Service-based shares 331,411 321,237 Basic earnings per share is computed by dividing net income by the weighted-average number of shares outstanding during each period. Diluted earnings per share is computed based on the weighted-average number of shares outstanding plus the effect of potentially dilutive shares outstanding during the period using the treasury stock method. The potentially dilutive shares represent outstanding unvested RSUs and RSAs.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	11. Accumulated Other Comprehensive Income (Loss) Changes, net of tax, in accumulated other comprehensive income (loss) were as follows: (dollars in millions) Unrealized Gains (Losses) Available-for-Sale Securities Retirement Plan Liabilities Adjustments Foreign Currency Translation Adjustments Total Accumulated Other Comprehensive Income (Loss) Three Months Ended March 31, 2019 Balance at beginning of period $ (28 ) $ (3 ) $ (3 ) $ (34 ) Other comprehensive income before reclassifications 30 — 2 32 Balance at end of period $ 2 $ (3 ) $ (1 ) $ (2 ) Three Months Ended March 31, 2018 Balance at beginning of period $ 4 $ 4 $ 3 $ 11 Other comprehensive loss before reclassifications (20 ) — (3 ) (23 ) Balance at end of period $ (16 ) $ 4 $ — $ (12 ) Reclassification adjustments from accumulated other comprehensive income (loss) to the applicable line item on our condensed consolidated statements of operations were immaterial for the three months ended March 31, 2019 and March 31, 2018 .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes We had a net deferred tax asset of $109 million and $129 million at March 31, 2019 and December 31, 2018 , respectively. The effective tax rate for the three months ended March 31, 2019 was 24.8% , compared to 26.2% for the same period in 2018 . The effective tax rates for the three months ended March 31, 2019 and 2018 differed from the federal statutory rate of 21% primarily due to the effect of state income taxes. We are currently under examination of our U.S. federal tax return for the years 2014 to 2016 by the IRS. We are also under examination of various states for the years 2011 to 2017. Management believes it has adequately provided for taxes for such years. Our gross unrecognized tax benefits, including related interest and penalties, totaled $14 million at March 31, 2019 and $17 million at December 31, 2018 . We accrue interest related to uncertain tax positions in income tax expense. The amount of any change in the balance of uncertain tax liabilities over the next 12 months is not expected to be material to our consolidated financial statements.

Leases and Contingencies

Leases and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Leases and Contingencies	13. Leases and Contingencies LEASES Our leases primarily consist of leased office space, automobiles, and information technology equipment. As described in Note 2 , we have adopted ASU 2016-02, Leases , as of January 1, 2019. We have adopted the standard on the date of initial application using the optional transition approach. As a result of this election, the prior periods presented have not been adjusted. Additionally, we have elected the practical expedient to treat both the lease component and non-lease component for our leased office space portfolio as a single lease component. All our leases are classified as operating leases. At inception of an arrangement we determine if a lease exists. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. At lease commencement date, we recognize right-of-use assets and lease liabilities measured at the present value of lease payments over the lease term. Since our operating leases do not provide an implicit rate, we utilize the best available information to determine our incremental borrowing rate which is used to calculate the present value of lease payments. The right-of-use asset also includes any prepaid fixed lease payments and excludes lease incentives. Options to extend or terminate a lease may be included in our lease arrangements. We reflect the renewal or termination option in the right-of-use asset and lease liability when it is reasonably certain that we will exercise those options. Operating lease costs for lease payments are recognized on a straight-line basis over the lease term and are included in “Other operating expenses” in our condensed consolidated statement of operations. The operating lease right-of-use assets are included in “Other assets” and the operating lease liabilities are included in “Other liabilities” in our condensed consolidated balance sheet. Our operating leases have remaining lease terms of one year to ten years. In the normal course of business, we will renew leases that expire or replace them with leases on other properties. In addition to rent, we pay taxes, insurance, and maintenance expenses under certain leases as variable lease payments. As of March 31, 2019 , our operating right-of-use asset balance was $160 million and our operating lease liability balance was $175 million . Our operating lease costs totaled $17 million , our variable lease costs totaled $4 million and our sublease income was immaterial for the three months ended March 31, 2019 . As of March 31, 2019 , maturities of lease liabilities, excluding leases on a month-to-month basis, were as follows: (dollars in millions) Operating Leases 2019 (excluding the three months ended March 31, 2019) $ 46 2020 52 2021 39 2022 27 2023 13 2024 6 Thereafter 6 Total lease payments 189 Imputed interest (14 ) Total $ 175 Weighted Average Remaining Lease Term 3.8 years Weighted Average Discount Rate 3.74 % As of December 31, 2018, under ASC 840, Leases, annual rental commitments for leased office space, automobiles and information technology equipment accounted for as operating leases, excluding leases on a month-to-month basis, were as follows: (dollars in millions) Lease Commitments 2019 $ 60 2020 50 2021 37 2022 26 2023 12 2024+ 12 Total $ 197 Rental expense totaled $74 million in 2018. LEGAL CONTINGENCIES In the normal course of business, we have been named, from time to time, as defendants in various legal actions, including arbitrations, class actions and other litigation arising in connection with our 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 evaluate legal actions to determine whether a loss is reasonably possible or probable and is reasonably estimable, there can be no assurance that material losses will not be incurred from pending, threatened or future litigation, investigations, examinations, or other claims. 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 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 consolidated financial statements as a whole. Federal Securities Class Action On February 10, 2017, a putative class action lawsuit, Galestan v. OneMain Holdings, Inc., et al. , was filed in the U.S. District Court for the Southern District of New York, naming as defendants the Company and two of its officers. The lawsuit alleges violations of the Exchange Act for allegedly making materially misleading statements and/or omitting material information concerning alleged integration issues after the OneMain Acquisition in November 2015, and was filed on behalf of a putative class of persons who purchased or otherwise acquired the Company’s common stock between February 25, 2016 and November 7, 2016. The complaint seeks an award of unspecified compensatory damages, an award of interest, reasonable attorney’s fees, expert fees and other costs, and equitable relief as the court may deem just and proper. On March 23, 2017, the court appointed a lead plaintiff for the putative class and approved the lead plaintiff’s selection of counsel. The plaintiff filed an amended complaint on June 13, 2017 challenging statements regarding the Company’s projections of future financial performance and certain statements regarding integration after the OneMain Acquisition. On September 29, 2017, pursuant to the Court’s Individual Rules and Practices, we sought permission to file a motion to dismiss the amended complaint and on December 12, 2018, the Court denied that motion. On January 4, 2019, the Company requested permission to reargue the motion to dismiss decision with respect to the challenged statements from February 2016. On April 23, 2019, the parties executed a settlement agreement, which is subject to Court approval. Papers in support of approval of the settlement have been filed with the Court. The settlement agreement provides for the dismissal of the action with prejudice. The amount incurred by the Company is immaterial and has been properly accrued, including the related insurance proceeds, as of March 31, 2019. The settlement contains no admission of liability by the Company and the other defendants.

Benefit Plans

Benefit Plans	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Benefit Plans	14. Benefit Plans During the three months ended March 31, 2019 and 2018 , the components of net periodic benefit cost with respect to our defined benefit pension plans were immaterial. We do not currently fund post-retirement benefits.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Information	15. Segment Information At March 31, 2019 , our two segments included Consumer and Insurance and Acquisitions and Servicing. The remaining components (which we refer to as “Other”) consist of our non-originating legacy operations, which include our liquidating real estate loans and our liquidating retail sales finance portfolios. Our segment accounting policies are the same as those disclosed in Note 3 and Note 22 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our 2018 Annual Report on Form 10-K. We report the operating results of our segments and Other using the Segment Accounting Basis, which (i) reflects our allocation methodologies for interest expense and operating costs, and (ii) excludes the impact of applying purchase accounting. The following tables present information about our segments, as well as reconciliations to the consolidated financial statement amounts. (dollars in millions) Consumer and Insurance Acquisitions and Servicing Other Segment to GAAP Adjustment Consolidated Total At or for the Three Months Ended March 31, 2019 Interest income $ 954 $ — $ 3 $ (1 ) $ 956 Interest expense 229 — 2 5 236 Provision for finance receivable losses 276 — — 10 286 Net interest income after provision for finance receivable losses 449 — 1 (16 ) 434 Other revenues 146 7 1 (6 ) 148 Other expenses 363 7 5 5 380 Income (loss) before income tax expense (benefit) $ 232 $ — $ (3 ) $ (27 ) $ 202 Assets $ 19,197 $ — $ 95 $ 2,066 $ 21,358 At or for the Three Months Ended March 31, 2018 Interest income $ 873 $ — $ 5 $ (16 ) $ 862 Interest expense 194 — 5 1 200 Provision for finance receivable losses 258 — (2 ) (2 ) 254 Net interest income (loss) after provision for finance receivable losses 421 — 2 (15 ) 408 Other revenues 106 9 (2 ) 24 137 Other expenses 353 8 10 6 377 Income (loss) before income tax expense (benefit) $ 174 $ 1 $ (10 ) $ 3 $ 168 Assets $ 18,033 $ — $ 255 $ 2,179 $ 20,467

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	16. Fair Value Measurements The accounting policies of our Fair Value Measurements are the same as those disclosed in Note 3 and Note 23 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our 2018 Annual Report on Form 10-K. The following table presents the carrying amounts and estimated fair values of our financial instruments and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used: Fair Value Measurements Using Total Total (dollars in millions) Level 1 Level 2 Level 3 March 31, 2019 Assets Cash and cash equivalents $ 1,666 $ 43 $ — $ 1,709 $ 1,709 Investment securities 37 1,702 4 1,743 1,743 Net finance receivables, less allowance for finance receivable losses — — 16,872 16,872 15,403 Finance receivables held for sale — — 80 80 78 Restricted cash and restricted cash equivalents 575 — — 575 575 Other assets * — — 13 13 13 Liabilities Long-term debt $ — $ 16,681 $ — $ 16,681 $ 16,117 December 31, 2018 Assets Cash and cash equivalents $ 618 $ 61 $ — $ 679 $ 679 Investment securities 34 1,655 5 1,694 1,694 Net finance receivables, less allowance for finance receivable losses — — 16,734 16,734 15,433 Finance receivables held for sale — — 103 103 103 Restricted cash and restricted cash equivalents 499 — — 499 499 Other assets * — 1 15 16 16 Liabilities Long-term debt $ — $ 15,041 $ — $ 15,041 $ 15,178 * Other assets at March 31, 2019 and December 31, 2018 include miscellaneous receivables related to our liquidating loan portfolios. 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 March 31, 2019 Assets Cash equivalents in mutual funds $ 1,033 $ — $ — $ 1,033 Cash equivalents in securities — 43 — 43 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 17 — 17 Obligations of states, municipalities, and political subdivisions — 87 — 87 Certificates of deposit and commercial paper — 59 — 59 Non-U.S. government and government sponsored entities — 145 — 145 Corporate debt — 1,057 2 1,059 RMBS — 141 — 141 CMBS — 66 — 66 CDO/ABS — 83 — 83 Total available-for-sale securities — 1,655 2 1,657 Other securities Bonds: Non-U.S. government and government sponsored entities — 1 — 1 Corporate debt — 37 1 38 RMBS — 1 — 1 CDO/ABS — 1 — 1 Total bonds — 40 1 41 Preferred stock 13 7 — 20 Common stock 24 — — 24 Other long-term investments — — 1 1 Total other securities 37 47 2 86 Total investment securities 37 1,702 4 1,743 Restricted cash in mutual funds 560 — — 560 Total $ 1,630 $ 1,745 $ 4 $ 3,379 Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2018 Assets Cash equivalents in mutual funds $ 426 $ — $ — $ 426 Cash equivalents in securities — 61 — 61 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 21 — 21 Obligations of states, municipalities, and political subdivisions — 90 — 90 Certificates of deposit and commercial paper — 63 — 63 Non-U.S. government and government sponsored entities — 143 — 143 Corporate debt — 995 2 997 RMBS — 128 — 128 CMBS — 71 — 71 CDO/ABS — 93 1 94 Total available-for-sale securities — 1,604 3 1,607 Other securities Bonds: Non-U.S. government and government sponsored entities — 1 — 1 Corporate debt — 42 1 43 RMBS — 1 — 1 CDO/ABS — 1 — 1 Total bonds — 45 1 46 Preferred stock 13 6 — 19 Common stock 21 — — 21 Other long-term investments — — 1 1 Total other securities 34 51 2 87 Total investment securities 34 1,655 5 1,694 Restricted cash in mutual funds 482 — — 482 Total $ 942 $ 1,716 $ 5 $ 2,663 Due to the insignificant activity within the Level 3 assets during the three months ended March 31, 2019 and 2018 period, we have omitted the additional disclosures relating to the changes in Level 3 assets measured at fair value on a recurring basis and the quantitative information about Level 3 unobservable inputs in the tables above. 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. Net impairment charges recorded on assets measured at fair value on a non-recurring basis were $3 million and immaterial for the three months ended March 31, 2019 and 2018 , respectively. FAIR VALUE MEASUREMENTS — VALUATION METHODOLOGIES AND ASSUMPTIONS See Note 23 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our 2018 Annual Report on Form 10-K for information regarding our methods and assumptions used to estimate fair value.

Business and Basis of Present_2

Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION We prepared our condensed consolidated financial statements using 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 GAAP. The statements include the accounts of OMH, its subsidiaries (all of which are wholly owned), and 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. Actual 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. To conform to the 2019 presentation, we have reclassified certain items in prior periods of our condensed consolidated financial statements. The condensed consolidated financial statements in this report should be read in conjunction with the consolidated financial statements and related notes included in our 2018 Annual Report on Form 10-K. We follow the same significant accounting policies for our interim reporting, except for the new accounting pronouncements subsequently adopted and disclosed in Note 2 below.
ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED AND ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED	ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED Leases In February of 2016, the FASB issued ASU 2016-02, Leases , which requires lessees to recognize a right-of-use asset and a liability for the obligation to make payments on leases with terms greater than 12 months and to disclose information related to the amount, timing and uncertainty of cash flows arising from leases, including various qualitative and quantitative requirements. Management has reviewed this update and other ASUs that were subsequently issued to further clarify the implementation guidance outlined in ASU 2016-02. We adopted the amendments of these ASUs as of January 1, 2019. See Note 13 for additional information on the adoption of ASU 2016-02. ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED Financial Instruments - Credit Losses In June of 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments , which significantly changes the way that entities will be required to measure credit losses. The new standard requires that the estimated credit loss be based upon an “expected credit loss” approach rather than the “incurred loss” approach currently required. The new approach will require entities to measure all expected credit losses for financial assets over their expected lives based on historical experience, current conditions, and reasonable forecasts of collectability. It is anticipated that the expected credit loss model will require earlier recognition of credit losses than the incurred loss approach. Therefore, we would expect ongoing changes in the allowance for finance receivable losses will be driven primarily by the nature and growth of the Company’s loan portfolio and the economic environment at that time. The ASU requires that credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination and that are measured at amortized cost basis be determined in a similar manner to other financial assets measured at amortized cost basis; however, the initial allowance for credit losses is added to the purchase price of the financial asset rather than being reported as a credit loss expense. Subsequent changes in the allowance for credit losses are recorded in earnings. Interest income should be recognized based on the effective rate, excluding the discount embedded in the purchase price attributable to expected credit losses at acquisition. The ASU also requires companies to record allowances for held-to-maturity and available-for-sale debt securities rather than write-downs of such assets. In addition, the ASU requires qualitative and quantitative disclosures that provide information about the allowance and the significant factors that influenced management’s estimate of the allowance. The ASU will become effective for the Company for fiscal years beginning January 1, 2020. Early adoption is permitted for fiscal years beginning January 1, 2019. The Company’s cross-functional implementation team continues to make progress in line with the established project plan to ensure we comply with all updates from this ASU at the time of adoption. We continue to refine the development of an acceptable model to estimate the expected credit losses in accordance with our model governance policies. The Company has started the parallel testing phase in 2019. The Company will provide further disclosure regarding the estimated impact on our allowance for finance receivable losses as the parallel testing phase is enhanced with additional levels of governance and review. In addition to the development of the model, we are assessing the additional disclosure requirements from this update and the impact the adoption may have on any available-for-sale securities held by the Company. We believe the adoption of this ASU will have a material effect on our consolidated financial statements through an increase to the allowance for finance receivable losses, an increase to deferred tax assets and a corresponding one-time cumulative reduction to retained earnings, net of tax, in the consolidated balance sheet as of the beginning of the year of adoption. Insurance In August of 2018, the FASB issued ASU 2018-12, Financial Services - Insurance: Targeted Improvements to the Accounting for Long-Duration Contracts , which provides targeted improvements to Topic 944 for the assumptions used to measure the liability for future policy benefits for nonparticipating traditional and limited-payment contracts; measurement of market risk benefits; amortization of deferred acquisition costs; and enhanced disclosures. The amendments in this ASU become effective for fiscal years beginning January 1, 2021. We have established a cross-functional implementation team and a project plan to ensure we comply with all the amendments in this ASU at the time of adoption. We are currently evaluating the potential impact of the adoption of the ASU on our consolidated financial statements. We do not believe that any other accounting pronouncements issued during the three months ended March 31, 2019 , but not yet effective, would have a material impact on our consolidated financial statements or disclosures, if adopted.

Finance Receivables (Tables)

Finance Receivables (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Schedule of components of net finance receivables by type	Components of our personal loans were as follows: (dollars in millions) March 31, December 31, Gross receivables * $ 15,968 $ 15,978 Unearned points and fees (202 ) (201 ) Accrued finance charges 240 253 Deferred origination costs 130 134 Total $ 16,136 $ 16,164 * Gross receivables equal the UPB except for the following: • Finance receivables purchased as a performing receivable — gross receivables are equal to UPB and, if applicable, any remaining unearned premium or discount established at the time of purchase to reflect the finance receivable balance at its initial fair value; and • Purchased credit impaired finance receivables — gross receivables equal the remaining estimated cash flows less the current balance of accretable yield on the purchased credit impaired accounts.
Summary of net finance receivables by type and by days delinquent	The following is a summary of our personal loans held for investment by number of days delinquent: (dollars in millions) March 31, December 31, Performing Current $ 15,489 $ 15,411 30-59 days past due 179 229 60-89 days past due 133 161 Total performing 15,801 15,801 Nonperforming 90-179 days past due 327 355 180 days or more past due 8 8 Total nonperforming 335 363 Total $ 16,136 $ 16,164
Schedule of purchased credit impaired finance receivables held for investment	Information regarding our purchased credit impaired finance receivables were as follows: (dollars in millions) March 31, December 31, Personal Loans Carrying amount, net of allowance $ 73 $ 89 Outstanding balance (a) 116 135 Allowance for purchased credit impaired finance receivable losses (b) — — Real Estate Loans - Held for Sale Carrying amount $ 22 $ 28 Outstanding balance (a) 39 48 (a) Outstanding balance is defined as UPB of the loans with a net carrying amount. (b) The allowance for purchased credit impaired finance receivable losses reflects the carrying value of the purchased credit impaired loans held for investment exceeding the present value of the expected cash flows. As indicated above, no allowance was required as of March 31, 2019 or December 31, 2018.
Changes in accretable yield for purchased credit impaired finance receivables held for investment and held for sale	Changes in accretable yield for purchased credit impaired finance receivables were as follows: Three Months Ended March 31, (dollars in millions) 2019 2018 Personal Loans Balance at beginning of period $ 39 $ 47 Accretion (5 ) (6 ) Reclassifications from nonaccretable difference (a) — 8 Balance at end of period $ 34 $ 49 Real Estate Loans - Held for Sale Balance at beginning of period $ 27 $ 53 Accretion (1 ) (1 ) Transfer due to finance receivables sold (3 ) — Balance at end of period $ 23 $ 52 (a) Reclassifications from nonaccretable difference represents the increases in accretable yield resulting from higher estimated undiscounted cash flows.
Schedule of information regarding TDR finance receivables	Information regarding TDR finance receivables were as follows: (dollars in millions) March 31, December 31, Personal Loans TDR gross receivables (a) $ 499 $ 450 TDR net receivables (b) 502 453 Allowance for TDR finance receivable losses 196 170 Real Estate Loans - Held for Sale TDR gross receivables (a) $ 58 $ 89 TDR net receivables (b) 58 75 (a) TDR gross receivables — gross receivables are equal to UPB and, if applicable, any remaining unearned premium or discount established at the time of purchase if previously purchased as a performing receivable. (b) TDR net receivables — TDR gross receivables net of unearned points and fees, accrued finance charges, deferred origination costs and any impairment for real estate loans held for sale.
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	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 Other Receivables * Total Three Months Ended March 31, 2019 TDR average net receivables $ 477 $ 64 $ 541 TDR finance charges recognized 12 1 13 Three Months Ended March 31, 2018 TDR average net receivables $ 337 $ 139 $ 476 TDR finance charges recognized 11 2 13 * Other Receivables held for sale included in the table above consist of real estate loans and were as follows: Three Months Ended March 31, (dollars in millions) 2019 2018 TDR average net receivables $ 64 $ 90 TDR finance charges recognized 1 1
TDR average net receivables held for sale and finance charges recognized on TDR finance receivables held for sale	Other Receivables held for sale included in the table above consist of real estate loans and were as follows: Three Months Ended March 31, (dollars in millions) 2019 2018 TDR average net receivables $ 64 $ 90 TDR finance charges recognized 1 1
Schedule of new volume of the TDR finance receivables held for investment and held for sale	Information regarding the new volume of the TDR finance receivables held for investment, consisting of personal loans, are reflected in the following table. New volume of TDR other receivables are not included in the table below as they were immaterial for the three months ended March 31, 2019 and 2018 . Three Months Ended March 31, (dollars in millions) 2019 2018 Personal Loans Pre-modification TDR net finance receivables $ 120 $ 94 Post-modification TDR net finance receivables: Rate reduction $ 85 $ 70 Other * 35 24 Total post-modification TDR net finance receivables $ 120 $ 94 Number of TDR accounts 18,506 14,730 * “Other” modifications primarily include potential principal and interest forgiveness contingent on future payment performance by the borrower under the modified terms.
Net finance receivables that were modified as TDR finance receivables defaulted within the previous 12 months nonperforming	Personal loans held for investment 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: Three Months Ended March 31, (dollars in millions) 2019 2018 Personal Loans TDR net finance receivables * $ 19 $ 18 Number of TDR accounts 2,925 2,719 * Represents the corresponding balance of TDR net finance receivables at the end of the month in which they defaulted.

Allowance for Finance Receiva_2

Allowance for Finance Receivable Losses (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [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 Other Receivables Total Three Months Ended March 31, 2019 Balance at beginning of period $ 731 $ — $ 731 Provision for finance receivable losses 286 — 286 Charge-offs (311 ) — (311 ) Recoveries 27 — 27 Balance at end of period $ 733 $ — $ 733 Three Months Ended March 31, 2018 Balance at beginning of period $ 673 $ 24 $ 697 Provision for finance receivable losses 254 — 254 Charge-offs (289 ) (1 ) (290 ) Recoveries 27 1 28 Balance at end of period $ 665 $ 24 $ 689
Schedule of allowance for finance receivable losses and net finance receivables by type and by impairment method	ceivable losses by finance receivable type were as follows: (dollars in millions) Personal Other Receivables Total Three Months Ended March 31, 2019 Balance at beginning of period $ 731 $ — $ 731 Provision for finance receivable losses 286 — 286 Charge-offs (311 ) — (311 ) Recoveries 27 — 27 Balance at end of period $ 733 $ — $ 733 Three Months Ended March 31, 2018 Balance at beginning of period $ 673 $ 24 $ 697 Provision for finance receivable losses 254 — 254 Charge-offs (289 ) (1 ) (290 ) Recoveries 27 1 28 Balance at end of period $ 665 $ 24 $ 689 The allowance for finance receivable losses and net finance receivables by impairment method were as follows: (dollars in millions) March 31, December 31, Allowance for finance receivable losses: Collectively evaluated for impairment $ 537 $ 561 Purchased credit impaired finance receivables — — TDR finance receivables 196 170 Total $ 733 $ 731 Finance receivables: Collectively evaluated for impairment $ 15,561 $ 15,622 Purchased credit impaired finance receivables 73 89 TDR finance receivables 502 453 Total $ 16,136 $ 16,164 Allowance for finance receivable losses as a percentage of finance receivables 4.54 % 4.52 %

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
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 fixed maturity available-for-sale securities by type were as follows: (dollars in millions) Cost/ Amortized Cost Unrealized Gains Unrealized Losses Fair Value March 31, 2019 Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 17 $ — $ — $ 17 Obligations of states, municipalities, and political subdivisions 87 — — 87 Certificates of deposit and commercial paper 59 — — 59 Non-U.S. government and government sponsored entities 143 2 — 145 Corporate debt 1,056 13 (10 ) 1,059 Mortgage-backed, asset-backed, and collateralized: RMBS 141 1 (1 ) 141 CMBS 67 — (1 ) 66 CDO/ABS 82 1 — 83 Total $ 1,652 $ 17 $ (12 ) $ 1,657 December 31, 2018 Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 21 $ — $ — $ 21 Obligations of states, municipalities, and political subdivisions 91 — (1 ) 90 Certificates of deposit and commercial paper 63 — — 63 Non-U.S. government and government sponsored entities 145 — (2 ) 143 Corporate debt 1,027 2 (32 ) 997 Mortgage-backed, asset-backed, and collateralized: RMBS 130 — (2 ) 128 CMBS 72 — (1 ) 71 CDO/ABS 94 1 (1 ) 94 Total $ 1,643 $ 3 $ (39 ) $ 1,607
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 Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2019 U.S. government and government sponsored entities $ — $ — $ 17 $ — $ 17 $ — Obligations of states, municipalities, and political subdivisions 5 — 38 — 43 — Non-U.S. government and government sponsored entities 1 — 45 — 46 — Corporate debt 63 (1 ) 416 (9 ) 479 (10 ) Mortgage-backed, asset-backed, and collateralized: RMBS 10 — 63 (1 ) 73 (1 ) CMBS 3 — 42 (1 ) 45 (1 ) CDO/ABS 3 — 30 — 33 — Total $ 85 $ (1 ) $ 651 $ (11 ) $ 736 $ (12 ) December 31, 2018 U.S. government and government sponsored entities $ 3 $ — $ 16 $ — $ 19 $ — Obligations of states, municipalities, and political subdivisions 10 — 57 (1 ) 67 (1 ) Non-U.S. government and government sponsored entities 19 (1 ) 97 (1 ) 116 (2 ) Corporate debt 377 (14 ) 448 (18 ) 825 (32 ) Mortgage-backed, asset-backed, and collateralized: RMBS 23 — 78 (2 ) 101 (2 ) CMBS 10 — 54 (1 ) 64 (1 ) CDO/ABS 18 — 33 (1 ) 51 (1 ) Total $ 460 $ (15 ) $ 783 $ (24 ) $ 1,243 $ (39 )
Schedule of contractual maturities of fixed-maturity available-for-sale securities	Contractual maturities of fixed-maturity available-for-sale securities at March 31, 2019 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 $ 207 $ 208 Due after 1 year through 5 years 552 549 Due after 5 years through 10 years 421 417 Due after 10 years 187 188 Mortgage-backed, asset-backed, and collateralized securities 290 290 Total $ 1,657 $ 1,652
Schedule of fair value of other securities by type	The fair value of other securities by type was as follows: (dollars in millions) March 31, December 31, Fixed maturity other securities: Bonds Non-U.S. government and government sponsored entities $ 1 $ 1 Corporate debt 38 43 Mortgage-backed, asset-backed, and collateralized bonds 2 2 Total bonds 41 46 Preferred stock (a) 20 19 Common stock (a) 24 21 Other long-term investments 1 1 Total $ 86 $ 87 (a) The Company employs an income equity strategy targeting investments in stocks with strong current dividend yields. Stocks included have a history of stable or increasing dividend payments.

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of principal maturities of long-term debt	Principal maturities of long-term debt (excluding projected repayments on securitizations and revolving conduit facilities by period) by type of debt at March 31, 2019 were as follows: Senior Debt (dollars in millions) Securitizations Unsecured Junior Total Interest rates (b) 2.16% - 6.94% 5.63% - 8.25% 4.54 % Remainder of 2019 — 299 — 299 2020 — 1,000 — 1,000 2021 — 646 — 646 2022 — 1,000 — 1,000 2023 — 1,175 — 1,175 2024-2067 — 3,849 350 4,199 Securitizations (c) 8,155 — — 8,155 Total principal maturities $ 8,155 $ 7,969 $ 350 $ 16,474 Total carrying amount $ 8,125 $ 7,820 $ 172 $ 16,117 Debt issuance costs (d) $ (28 ) $ (69 ) $ — $ (97 ) (a) Pursuant to the SFC Base Indenture, the SFC supplemental indentures and the SFC Guaranty Agreements, OMH agreed to fully and unconditionally guarantee, on a senior unsecured basis, payments of principal, premium and interest on the SFC Unsecured Senior Notes and Junior Subordinated Debenture. The OMH guarantees of SFC’s long-term debt are subject to customary release provisions. (b) The interest rates shown are the range of contractual rates in effect at March 31, 2019 . The interest rate on the remaining principal balance of the Junior Subordinated Debenture consists of a variable floating rate (determined quarterly) equal to 3-month LIBOR plus 1.75% , or 4.54% as of March 31, 2019 . (c) Securitizations have a stated maturity date but are not included in the above maturities by period due to their variable monthly repayments, which may result in pay-off prior to the stated maturity date. At March 31, 2019 , there were no amounts drawn under our revolving conduit facilities. See Note 8 for further information on our long-term debt associated with securitizations and revolving conduit facilities. (d) Debt issuance costs are reported as a direct deduction from long-term debt, with the exception of debt issuance costs associated with our revolving conduit facilities, which totaled $25 million at March 31, 2019 and are reported in “Other assets”.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Carrying amounts of consolidated VIE assets and liabilities	The carrying amounts of consolidated VIE assets and liabilities associated with our securitization trusts and revolving conduit facilities were as follows: (dollars in millions) March 31, December 31, Assets Cash and cash equivalents $ 3 $ 2 Finance receivables - Personal loans 9,128 8,480 Allowance for finance receivable losses 430 444 Restricted cash and restricted cash equivalents 558 479 Other assets 26 26 Liabilities Long-term debt $ 8,125 $ 7,510 Other liabilities 16 14

Insurance (Tables)

Insurance (Tables)	3 Months Ended
	Mar. 31, 2019
Insurance [Abstract]
Changes in the reserve for unpaid claims and loss adjustment expenses	Changes in the reserve for unpaid claims and loss adjustment expenses (not considering reinsurance recoverable): At or for the Three Months Ended March 31, (dollars in millions) 2019 2018 Balance at beginning of period $ 117 $ 154 Less reinsurance recoverables (4 ) (23 ) Net balance at beginning of period 113 131 Additions for losses and loss adjustment expenses incurred to: Current year 54 50 Prior years * (7 ) (4 ) Total 47 46 Reductions for losses and loss adjustment expenses paid related to: Current year (17 ) (15 ) Prior years (33 ) (35 ) Total (50 ) (50 ) Net balance at end of period 110 127 Plus reinsurance recoverables 4 23 Balance at end of period $ 114 $ 150 * Reflects (i) a redundancy in the prior years’ net reserves of $7 million at March 31, 2019 primarily due to a favorable development of credit life, disability, and unemployment claims during the year and (ii) a redundancy in the prior years’ net reserves of $4 million at March 31, 2018 , primarily due to a favorable development of credit disability and unemployment claims during the year.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Computation of earnings per share	The computation of earnings per share was as follows: Three Months Ended March 31, (dollars in millions, except per share data) 2019 2018 Numerator (basic and diluted): Net income attributable to OneMain Holdings, Inc. $ 152 $ 124 Denominator: Weighted average number of shares outstanding (basic) 136,001,996 135,596,279 Effect of dilutive securities * 189,287 301,017 Weighted average number of shares outstanding (diluted) 136,191,283 135,897,296 Earnings per share: Basic $ 1.12 $ 0.91 Diluted $ 1.11 $ 0.91 * We have excluded the following shares in the diluted earnings per share calculation for three months ended March 31, 2019 and 2018 because these shares would be anti-dilutive, which could impact the earnings per share calculation in the future: Three Months Ended March 31, 2019 2018 Performance-based shares 127,183 97,161 Service-based shares 331,411 321,237
Anti-dilutive securities excluded from computation of earnings per share	We have excluded the following shares in the diluted earnings per share calculation for three months ended March 31, 2019 and 2018 because these shares would be anti-dilutive, which could impact the earnings per share calculation in the future: Three Months Ended March 31, 2019 2018 Performance-based shares 127,183 97,161 Service-based shares 331,411 321,237

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Changes, net of tax, in accumulated other comprehensive income (loss)	Changes, net of tax, in accumulated other comprehensive income (loss) were as follows: (dollars in millions) Unrealized Gains (Losses) Available-for-Sale Securities Retirement Plan Liabilities Adjustments Foreign Currency Translation Adjustments Total Accumulated Other Comprehensive Income (Loss) Three Months Ended March 31, 2019 Balance at beginning of period $ (28 ) $ (3 ) $ (3 ) $ (34 ) Other comprehensive income before reclassifications 30 — 2 32 Balance at end of period $ 2 $ (3 ) $ (1 ) $ (2 ) Three Months Ended March 31, 2018 Balance at beginning of period $ 4 $ 4 $ 3 $ 11 Other comprehensive loss before reclassifications (20 ) — (3 ) (23 ) Balance at end of period $ (16 ) $ 4 $ — $ (12 )

Leases and Contingencies (Table

Leases and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Maturities of lease liabilities	As of March 31, 2019 , maturities of lease liabilities, excluding leases on a month-to-month basis, were as follows: (dollars in millions) Operating Leases 2019 (excluding the three months ended March 31, 2019) $ 46 2020 52 2021 39 2022 27 2023 13 2024 6 Thereafter 6 Total lease payments 189 Imputed interest (14 ) Total $ 175
Weighted average remaining lease term and discount rate	Weighted Average Remaining Lease Term 3.8 years Weighted Average Discount Rate 3.74 %
Annual rental commitments for leases accounted for as operating leases	As of December 31, 2018, under ASC 840, Leases, annual rental commitments for leased office space, automobiles and information technology equipment accounted for as operating leases, excluding leases on a month-to-month basis, were as follows: (dollars in millions) Lease Commitments 2019 $ 60 2020 50 2021 37 2022 26 2023 12 2024+ 12 Total $ 197

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Information about the Company's segments	The following tables present information about our segments, as well as reconciliations to the consolidated financial statement amounts. (dollars in millions) Consumer and Insurance Acquisitions and Servicing Other Segment to GAAP Adjustment Consolidated Total At or for the Three Months Ended March 31, 2019 Interest income $ 954 $ — $ 3 $ (1 ) $ 956 Interest expense 229 — 2 5 236 Provision for finance receivable losses 276 — — 10 286 Net interest income after provision for finance receivable losses 449 — 1 (16 ) 434 Other revenues 146 7 1 (6 ) 148 Other expenses 363 7 5 5 380 Income (loss) before income tax expense (benefit) $ 232 $ — $ (3 ) $ (27 ) $ 202 Assets $ 19,197 $ — $ 95 $ 2,066 $ 21,358 At or for the Three Months Ended March 31, 2018 Interest income $ 873 $ — $ 5 $ (16 ) $ 862 Interest expense 194 — 5 1 200 Provision for finance receivable losses 258 — (2 ) (2 ) 254 Net interest income (loss) after provision for finance receivable losses 421 — 2 (15 ) 408 Other revenues 106 9 (2 ) 24 137 Other expenses 353 8 10 6 377 Income (loss) before income tax expense (benefit) $ 174 $ 1 $ (10 ) $ 3 $ 168 Assets $ 18,033 $ — $ 255 $ 2,179 $ 20,467

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
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 presents the carrying amounts and estimated fair values of our financial instruments and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used: Fair Value Measurements Using Total Total (dollars in millions) Level 1 Level 2 Level 3 March 31, 2019 Assets Cash and cash equivalents $ 1,666 $ 43 $ — $ 1,709 $ 1,709 Investment securities 37 1,702 4 1,743 1,743 Net finance receivables, less allowance for finance receivable losses — — 16,872 16,872 15,403 Finance receivables held for sale — — 80 80 78 Restricted cash and restricted cash equivalents 575 — — 575 575 Other assets * — — 13 13 13 Liabilities Long-term debt $ — $ 16,681 $ — $ 16,681 $ 16,117 December 31, 2018 Assets Cash and cash equivalents $ 618 $ 61 $ — $ 679 $ 679 Investment securities 34 1,655 5 1,694 1,694 Net finance receivables, less allowance for finance receivable losses — — 16,734 16,734 15,433 Finance receivables held for sale — — 103 103 103 Restricted cash and restricted cash equivalents 499 — — 499 499 Other assets * — 1 15 16 16 Liabilities Long-term debt $ — $ 15,041 $ — $ 15,041 $ 15,178 * Other assets at March 31, 2019 and December 31, 2018 include miscellaneous receivables related to our liquidating loan portfolios.
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 March 31, 2019 Assets Cash equivalents in mutual funds $ 1,033 $ — $ — $ 1,033 Cash equivalents in securities — 43 — 43 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 17 — 17 Obligations of states, municipalities, and political subdivisions — 87 — 87 Certificates of deposit and commercial paper — 59 — 59 Non-U.S. government and government sponsored entities — 145 — 145 Corporate debt — 1,057 2 1,059 RMBS — 141 — 141 CMBS — 66 — 66 CDO/ABS — 83 — 83 Total available-for-sale securities — 1,655 2 1,657 Other securities Bonds: Non-U.S. government and government sponsored entities — 1 — 1 Corporate debt — 37 1 38 RMBS — 1 — 1 CDO/ABS — 1 — 1 Total bonds — 40 1 41 Preferred stock 13 7 — 20 Common stock 24 — — 24 Other long-term investments — — 1 1 Total other securities 37 47 2 86 Total investment securities 37 1,702 4 1,743 Restricted cash in mutual funds 560 — — 560 Total $ 1,630 $ 1,745 $ 4 $ 3,379 Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2018 Assets Cash equivalents in mutual funds $ 426 $ — $ — $ 426 Cash equivalents in securities — 61 — 61 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 21 — 21 Obligations of states, municipalities, and political subdivisions — 90 — 90 Certificates of deposit and commercial paper — 63 — 63 Non-U.S. government and government sponsored entities — 143 — 143 Corporate debt — 995 2 997 RMBS — 128 — 128 CMBS — 71 — 71 CDO/ABS — 93 1 94 Total available-for-sale securities — 1,604 3 1,607 Other securities Bonds: Non-U.S. government and government sponsored entities — 1 — 1 Corporate debt — 42 1 43 RMBS — 1 — 1 CDO/ABS — 1 — 1 Total bonds — 45 1 46 Preferred stock 13 6 — 19 Common stock 21 — — 21 Other long-term investments — — 1 1 Total other securities 34 51 2 87 Total investment securities 34 1,655 5 1,694 Restricted cash in mutual funds 482 — — 482 Total $ 942 $ 1,716 $ 5 $ 2,663

Business and Basis of Present_3

Business and Basis of Presentation (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 25, 2018	Feb. 21, 2018	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Common stock, par value (in dollars per share)			$ 0.01			$ 0.01
Non-cash incentive compensation			$ 0		$ 4
Majority Shareholder
Schedule of Equity Method Investments [Line Items]
Ownership percentage by Initial Stockholder			40.40%
Apollo-Värde Group
Schedule of Equity Method Investments [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	54,937,500
Common stock, par value (in dollars per share)	$ 0.01
Purchase price per share (in usd per share)	$ 26
Aggregate purchase price	$ 1,400
Non-cash incentive compensation				$ 106	4
Initial Stockholder and Morgan Stanley & Co. LLC
Schedule of Equity Method Investments [Line Items]
Sale of stock, number of shares issued in transaction (in shares)		4,179,678
Affiliates of Fortress or AIG
Schedule of Equity Method Investments [Line Items]
Non-cash incentive compensation					$ 4

Finance Receivables - Narrative

Finance Receivables - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables held for sale	$ 78,000,000	$ 103,000,000
Commitment to lend additional funds on TDR finance receivables	$ 0
Unlikely to be Collected Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due	60 days
Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due	90 days
Personal Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Personal loans secured by titled collateral	49.00%	48.00%
Personal Loans | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, original term (years)	3 years
Personal Loans | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, original term (years)	6 years

Finance Receivables - Net Finan

Finance Receivables - Net Finance Receivables by Type (Details) - Personal Loans - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Financing receivable general information
Gross receivables	$ 15,968	$ 15,978
Unearned points and fees	(202)	(201)
Accrued finance charges	240	253
Deferred origination costs	130	134
Total	$ 16,136	$ 16,164

Finance Receivables - Delinquen

Finance Receivables - Delinquent and Nonperforming Finance Receivables (Details) - Personal Loans - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Delinquency by finance receivables type
Net finance receivables	$ 16,136	$ 16,164
Performing
Delinquency by finance receivables type
Net finance receivables	15,801	15,801
Performing | Current
Delinquency by finance receivables type
Net finance receivables	15,489	15,411
Performing | 30-59 days past due
Delinquency by finance receivables type
Net finance receivables	179	229
Performing | 60-89 days past due
Delinquency by finance receivables type
Net finance receivables	133	161
Nonperforming
Delinquency by finance receivables type
Net finance receivables	335	363
Nonperforming | 90-179 days past due
Delinquency by finance receivables type
Net finance receivables	327	355
Nonperforming | 180 days or more past due
Delinquency by finance receivables type
Net finance receivables	$ 8	$ 8

Finance Receivables - Purchased

Finance Receivables - Purchased Credit Impaired Finance Receivables HFI (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Real Estate Loans - Held for Sale
Financing Receivable, Impaired [Line Items]
Carrying amount, net of allowance	$ 22	$ 28
Outstanding balance	39	48
Personal Loans
Financing Receivable, Impaired [Line Items]
Carrying amount, net of allowance	73	89
Outstanding balance	116	135
Allowance for purchased credit impaired finance receivable losses (b)	$ 0	$ 0

Finance Receivables - Changes i

Finance Receivables - Changes in Accretable Yield For Purchased Credit Impaired HFI and HFS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Real Estate Loans - Held for Sale
Changes in accretable yield for purchased credit impaired finance receivables
Balance at beginning of period	$ 27	$ 53
Accretion	(1)	(1)
Transfer due to finance receivables sold	(3)	0
Balance at end of period	23	52
Personal Loans
Changes in accretable yield for purchased credit impaired finance receivables
Balance at beginning of period	39	47
Accretion	(5)	(6)
Reclassifications from nonaccretable difference	0	8
Balance at end of period	$ 34	$ 49

Finance Receivables - TDR Finan

Finance Receivables - TDR Finance Receivable HFI and HFS (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Real Estate Loans - Held for Sale
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables, held for sale	$ 58	$ 89
TDR net finance receivables, held for sale	58	75
Personal Loans
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables	499	450
TDR net receivables	502	453
Allowance for TDR finance receivable losses	$ 196	$ 170

Finance Receivables - TDR Avera

Finance Receivables - TDR Average Net Receivables HFI and HFS and Finance Charges Recognized (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Modifications [Line Items]
TDR average net receivables	$ 541	$ 476
TDR finance charges recognized	13	13
Personal Loans
Financing Receivable, Modifications [Line Items]
TDR average net receivables	477	337
TDR finance charges recognized	12	11
Other Receivables
Financing Receivable, Modifications [Line Items]
TDR average net receivables	64	139
TDR finance charges recognized	1	2
TDR average net receivables, held for sale	64	90
TDR finance charges recognized, held for sale	$ 1	$ 1

Finance Receivables - New Volum

Finance Receivables - New Volume of TDR HFI & HFS Finance Receivables (Details) - Personal Loans $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)account	Mar. 31, 2018USD ($)account
Financing Receivable, Modifications [Line Items]
Pre-modification TDR net finance receivables	$ 120	$ 94
Total post-modification TDR net finance receivables	$ 120	$ 94
Number of TDR accounts | account	18,506	14,730
Rate reduction
Financing Receivable, Modifications [Line Items]
Total post-modification TDR net finance receivables	$ 85	$ 70
Other
Financing Receivable, Modifications [Line Items]
Total post-modification TDR net finance receivables	$ 35	$ 24

Finance Receivables - Modified

Finance Receivables - Modified as TDR - Non Performing Finance Receivables (Details) - Personal Loans $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)account	Mar. 31, 2018USD ($)account
Financing Receivable, Modifications [Line Items]
TDR net finance receivables | $	$ 19	$ 18
Number of TDR accounts | account	2,925	2,719

Allowance for Finance Receiva_3

Allowance for Finance Receivable Losses - Changes in Allowance by Type (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of period	$ 731	$ 697
Provision for finance receivable losses	286	254
Charge-offs	(311)	(290)
Recoveries	27	28
Balance at end of period	733	689
Personal Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of period	731	673
Provision for finance receivable losses	286	254
Charge-offs	(311)	(289)
Recoveries	27	27
Balance at end of period	733	665
Other Receivables
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of period	0	24
Provision for finance receivable losses	0	0
Charge-offs	0	(1)
Recoveries	0	1
Balance at end of period	$ 0	$ 24

Allowance for Finance Receiva_4

Allowance for Finance Receivable Losses - By Type and Impairment Method (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for finance receivable losses [Line Items]
Total	$ 733	$ 731	$ 689	$ 697
Personal Loans
Financing Receivable, Allowance for finance receivable losses [Line Items]
Collectively evaluated for impairment	537	561
TDR finance receivables	196	170
Total	733	731	$ 665	$ 673
Finance receivables:
Collectively evaluated for impairment	15,561	15,622
Purchased credit impaired finance receivables	16,136	16,164
TDR finance receivables	502	453
Net finance receivables	$ 16,136	$ 16,164
Allowance for finance receivable losses as a percentage of finance receivables	4.54%	4.52%
Personal Loans | Purchased credit impaired finance receivables
Finance receivables:
Purchased credit impaired finance receivables	$ 73	$ 89
Net finance receivables	$ 73	$ 89

Finance Receivables Held for _2

Finance Receivables Held for Sale (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Feb. 28, 2019	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables held for sale		$ 78		$ 103
Proceeds on sales of finance receivables held for sale originated as held for investment		$ 19	$ 0
February 2019 Real Estate Loan Sale | Disposed of by Sale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 16
Proceeds on sales of finance receivables held for sale originated as held for investment	19
Net gain	3
Impairment in other revenue	$ 3

Investment Securities - Cost_Am

Investment Securities - Cost/Amortized, Unrealized Gains/Losses & FV on AFS Investment Securities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	$ 1,652	$ 1,643
Unrealized Gains	17	3
Unrealized Losses	(12)	(39)
Fair Value	1,657	1,607
U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	17	21
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	17	21
Obligations of states, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	87	91
Unrealized Gains	0	0
Unrealized Losses	0	(1)
Fair Value	87	90
Certificates of deposit and commercial paper
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	59	63
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	59	63
Non-U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	143	145
Unrealized Gains	2	0
Unrealized Losses	0	(2)
Fair Value	145	143
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	1,056	1,027
Unrealized Gains	13	2
Unrealized Losses	(10)	(32)
Fair Value	1,059	997
RMBS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	141	130
Unrealized Gains	1	0
Unrealized Losses	(1)	(2)
Fair Value	141	128
CMBS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	67	72
Unrealized Gains	0	0
Unrealized Losses	(1)	(1)
Fair Value	66	71
CDO/ABS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	82	94
Unrealized Gains	1	1
Unrealized Losses	0	(1)
Fair Value	$ 83	$ 94

Investment Securities - Fair Va

Investment Securities - Fair Value and Unrealized Losses on AFS Investment Securities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Fair Value
Less Than 12 Months	$ 85	$ 460
12 Months or Longer	651	783
Total	736	1,243
Unrealized Losses
Less Than 12 Months	(1)	(15)
12 Months or Longer	(11)	(24)
Total	(12)	(39)
U.S. government and government sponsored entities
Fair Value
Less Than 12 Months	0	3
12 Months or Longer	17	16
Total	17	19
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	5	10
12 Months or Longer	38	57
Total	43	67
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	(1)
Total	0	(1)
Non-U.S. government and government sponsored entities
Fair Value
Less Than 12 Months	1	19
12 Months or Longer	45	97
Total	46	116
Unrealized Losses
Less Than 12 Months	0	(1)
12 Months or Longer	0	(1)
Total	0	(2)
Corporate debt
Fair Value
Less Than 12 Months	63	377
12 Months or Longer	416	448
Total	479	825
Unrealized Losses
Less Than 12 Months	(1)	(14)
12 Months or Longer	(9)	(18)
Total	(10)	(32)
RMBS
Fair Value
Less Than 12 Months	10	23
12 Months or Longer	63	78
Total	73	101
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	(1)	(2)
Total	(1)	(2)
CMBS
Fair Value
Less Than 12 Months	3	10
12 Months or Longer	42	54
Total	45	64
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	(1)	(1)
Total	(1)	(1)
CDO/ABS
Fair Value
Less Than 12 Months	3	18
12 Months or Longer	30	33
Total	33	51
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	(1)
Total	$ 0	$ (1)

Investment Securities - Narrati

Investment Securities - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)investment	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)investment
Debt Securities, Available-for-sale [Line Items]
Investment securities in an unrealized loss position | investment	1,031		1,767
Other-than-temporary impairments on investment securities that are intend to be sold	$ 0
Proceeds from sales and redemptions	29	$ 71
Net realized gains (losses)	0	0
Fair value of bonds on deposit	509		$ 515
Net unrealized gains (losses) on other securities sold or redeemed	4	(2)
Net realized gains (losses) on other securities sold or redeemed	0	0
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Other-than-temporary impairment credit losses	$ 0	$ 0

Investment Securities - Contrac

Investment Securities - Contractual Maturities of AFS Investment Securities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities:
Due in 1 year or less	$ 207
Due after 1 year through 5 years	552
Due after 5 years through 10 years	421
Due after 10 years	187
Mortgage-backed, asset-backed, and collateralized securities	290
Total	1,657	$ 1,607
Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities:
Due in 1 year or less	208
Due after 1 year through 5 years	549
Due after 5 years through 10 years	417
Due after 10 years	188
Mortgage-backed, asset-backed, and collateralized securities	290
Cost/ Amortized Cost	$ 1,652	$ 1,643

Investment Securities - Fair _2

Investment Securities - Fair Value of Other Securities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Debt and Equity Securities, FV-NI [Line Items]
Bonds	$ 41	$ 46
Other long-term investments	1	1
Total	86	87
Non-U.S. government and government sponsored entities
Debt and Equity Securities, FV-NI [Line Items]
Bonds	1	1
Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Bonds	38	43
Mortgage-backed, asset-backed, and collateralized bonds
Debt and Equity Securities, FV-NI [Line Items]
Bonds	2	2
Preferred stock
Debt and Equity Securities, FV-NI [Line Items]
Trading security, equity	20	19
Common stock
Debt and Equity Securities, FV-NI [Line Items]
Trading security, equity	$ 24	$ 21

Long-term Debt - Principal Matu

Long-term Debt - Principal Maturities of Long-Term Debt (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Principal maturities of long-term debt by type of debt
Remainder of 2019	$ 299,000,000
2020	1,000,000,000
2021	646,000,000
2022	1,000,000,000
2023	1,175,000,000
2024-2067	4,199,000,000
Securitizations	8,155,000,000
Total principal maturities	16,474,000,000
Total carrying amount	16,117,000,000	$ 15,178,000,000
Debt issuance costs	(97,000,000)
Consolidated VIEs
Principal maturities of long-term debt by type of debt
Total carrying amount	8,100,000,000	$ 7,500,000,000
Senior Debt | Securitizations
Principal maturities of long-term debt by type of debt
Remainder of 2019	0
2020	0
2021	0
2022	0
2023	0
2024-2067	0
Securitizations	8,155,000,000
Total principal maturities	8,155,000,000
Total carrying amount	8,125,000,000
Debt issuance costs	(28,000,000)
Debt issuance costs	$ 25,000,000
Senior Debt | Securitizations | Minimum
Long-term debt
Interest rate	2.16%
Senior Debt | Securitizations | Maximum
Long-term debt
Interest rate	6.94%
Senior Debt | Unsecured Notes
Principal maturities of long-term debt by type of debt
Remainder of 2019	$ 299,000,000
2020	1,000,000,000
2021	646,000,000
2022	1,000,000,000
2023	1,175,000,000
2024-2067	3,849,000,000
Securitizations	0
Total principal maturities	7,969,000,000
Total carrying amount	7,820,000,000
Debt issuance costs	$ (69,000,000)
Senior Debt | Unsecured Notes | Minimum
Long-term debt
Interest rate	5.63%
Senior Debt | Unsecured Notes | Maximum
Long-term debt
Interest rate	8.25%
Junior Subordinated Debt
Long-term debt
Effective interest rate	4.54%
Principal maturities of long-term debt by type of debt
Remainder of 2019	$ 0
2020	0
2021	0
2022	0
2023	0
2024-2067	350,000,000
Securitizations	0
Total principal maturities	350,000,000
Total carrying amount	172,000,000
Debt issuance costs	0
Asset-backed Securities, Securitized Loans and Receivables | Consolidated VIEs
Principal maturities of long-term debt by type of debt
Amounts drawn	$ 0
SFC | Junior Subordinated Debt
Long-term debt
Effective interest rate	4.54%
SFC | Junior Subordinated Debt | LIBOR
Principal maturities of long-term debt by type of debt
Basis spread on variable rate	1.75%

Long-term Debt - SFC Senior Not

Long-term Debt - SFC Senior Notes (Details) - USD ($)	Apr. 15, 2019	Mar. 25, 2019	Jun. 30, 2019	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2019	Mar. 15, 2019	Feb. 22, 2019
Debt Instrument [Line Items]
Net loss on repurchases and repayments of debt				$ 21,000,000	$ 1,000,000
SFC | Senior Debt | 6.125% SFC Notes due 2024
Debt Instrument [Line Items]
Interest rate								6.125%
Debt instrument, face amount								$ 1,000,000,000
SFC | Senior Debt | 5.25% Senior Notes Due 2019
Debt Instrument [Line Items]
Interest rate								5.25%
Aggregate amount paid, inclusive of accrued interest and premiums		$ 706,000,000
Net loss on repurchases and repayments of debt				$ 21,000,000
SFC | Senior Debt | 6.00% Senior Notes due 2020
Debt Instrument [Line Items]
Interest rate							6.00%
SFC | Senior Debt | 6.00% Senior Notes due 2020 | Scenario, Forecast
Debt Instrument [Line Items]
Net loss on repurchases and repayments of debt						$ 11,000,000
SFC | Senior Debt | 6.00% Senior Notes due 2020 | Subsequent Event
Debt Instrument [Line Items]
Aggregate amount paid, inclusive of accrued interest and premiums	$ 317,000,000
SFC | Senior Debt | 6.00% Senior Notes due 2020 | Subsequent Event | Scenario, Forecast
Debt Instrument [Line Items]
Net loss on repurchases and repayments of debt			$ 11,000,000

Variable Interest Entities - Ca

Variable Interest Entities - Carrying Amount of Consolidated VIEs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Variable Interest Entity [Line Items]
Interest expense	$ 236	$ 200
Consolidated VIEs
Variable Interest Entity [Line Items]
Interest expense	82	$ 87
Consolidated VIEs | Cash and cash equivalents
Variable Interest Entity [Line Items]
Assets	3		$ 2
Consolidated VIEs | Finance receivables - Personal loans | Finance receivables - Personal loans
Variable Interest Entity [Line Items]
Assets	9,128		8,480
Consolidated VIEs | Allowance for finance receivable losses
Variable Interest Entity [Line Items]
Assets	430		444
Consolidated VIEs | Restricted cash and restricted cash equivalents
Variable Interest Entity [Line Items]
Assets	558		479
Consolidated VIEs | Other assets
Variable Interest Entity [Line Items]
Assets	26		26
Consolidated VIEs | Long-term debt
Variable Interest Entity [Line Items]
Liabilities	8,125		7,510
Consolidated VIEs | Other liabilities
Variable Interest Entity [Line Items]
Liabilities	$ 16		$ 14

Variable Interest Entities - Co

Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Variable Interest Entity [Line Items]
Interest expense	$ 236	$ 200
Consolidated VIEs
Variable Interest Entity [Line Items]
Interest expense	$ 82	$ 87

Variable Interest Entities - Se

Variable Interest Entities - Securitized Borrowings (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total carrying amount	$ 16,117	$ 15,178
Consolidated VIEs
Debt Instrument [Line Items]
Total carrying amount	$ 8,100	$ 7,500
Minimum
Debt Instrument [Line Items]
Revolving period	1 year
Maximum
Debt Instrument [Line Items]
Revolving period	5 years

Variable Interest Entities - Re

Variable Interest Entities - Revolving Conduit Facilities (Details)	3 Months Ended
	Mar. 31, 2019USD ($)facility
Minimum
Line of Credit Facility [Line Items]
Revolving period	1 year
Maximum
Line of Credit Facility [Line Items]
Revolving period	5 years
Consolidated VIEs | Asset-backed Securities, Securitized Loans and Receivables
Line of Credit Facility [Line Items]
Number of conduit facilities | facility	12
Total borrowing capacity	$ 6,200,000,000
Amounts drawn	$ 0
Consolidated VIEs | Asset-backed Securities, Securitized Loans and Receivables | Minimum
Line of Credit Facility [Line Items]
Revolving period	1 year
Debt instrument, term	3 years
Consolidated VIEs | Asset-backed Securities, Securitized Loans and Receivables | Maximum
Line of Credit Facility [Line Items]
Revolving period	3 years
Debt instrument, term	8 years

Insurance (Details)

Insurance (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Balance at beginning of period	$ 117	$ 154
Less reinsurance recoverables	(4)	(23)
Net balance at beginning of period	113	131
Additions for losses and loss adjustment expenses incurred to:
Current year	54	50
Prior years	(7)	(4)
Total	47	46
Reductions for losses and loss adjustment expenses paid related to:
Current year	(17)	(15)
Prior years	(33)	(35)
Total	(50)	(50)
Net balance at end of period	110	127
Plus reinsurance recoverables	4	23
Balance at end of period	114	150
Shortfall (redundancy) in prior years’ net reserves	$ (7)	$ (4)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Numerator (basic and diluted):
Net income attributable to OneMain Holdings, Inc.	$ 152	$ 124
Denominator:
Weighted average number of shares outstanding (basic) (in shares)	136,001,996	135,596,279
Effect of dilutive securities (in shares)	189,287	301,017
Weighted average number of shares outstanding (diluted) (in shares)	136,191,283	135,897,296
Earnings per share:
Basic (in dollars per share)	$ 1.12	$ 0.91
Diluted (in dollars per share)	$ 1.11	$ 0.91
Performance-based shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded in the diluted earnings per share calculation	127,183	97,161
Service-based shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded in the diluted earnings per share calculation	331,411	321,237

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	$ 3,799	$ 3,278
Other comprehensive income (loss) before reclassifications	32	(23)
Balance at end of period	3,950	3,382
Unrealized Gains (Losses) Available-for-Sale Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(28)	4
Other comprehensive income (loss) before reclassifications	30	(20)
Balance at end of period	2	(16)
Retirement Plan Liabilities Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(3)	4
Other comprehensive income (loss) before reclassifications	0	0
Balance at end of period	(3)	4
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(3)	3
Other comprehensive income (loss) before reclassifications	2	(3)
Balance at end of period	(1)	0
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(34)	11
Balance at end of period	$ (2)	$ (12)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Net deferred tax asset	$ 109		$ 129
Effective tax rate	24.80%	26.20%
Gross unrecognized tax benefits	$ 14		$ 17

Leases and Contingencies - Leas

Leases and Contingencies - Leases Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Weighted Average Remaining Lease Term	3 years 10 months 2 days
Operating right-of-use asset balance	$ 160
Operating lease liability balance	175
Operating lease costs	17
Variable lease costs	4
Sublease income	$ 0
Rent expense		$ 74
Minimum
Lessee, Lease, Description [Line Items]
Weighted Average Remaining Lease Term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Weighted Average Remaining Lease Term	10 years

Leases and Contingencies - Matu

Leases and Contingencies - Maturities of Lease Liabilities (Details) $ in Millions	Mar. 31, 2019USD ($)
Operating Leases
2019 (excluding the three months ended March 31, 2019)	$ 46
2020	52
2021	39
2022	27
2023	13
2024	6
Thereafter	6
Total lease payments	189
Imputed interest	(14)
Total	$ 175

Leases and Contingencies - Weig

Leases and Contingencies - Weighted Average Remaining Lease Term and Discount Rate (Details)	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Weighted Average Remaining Lease Term	3 years 10 months 2 days
Weighted Average Discount Rate	3.74%

Leases and Contingencies - Annu

Leases and Contingencies - Annual Rental Commitments for Leases Accounted for as Operating Leases (Details) $ in Millions	Dec. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
2019	$ 60
2020	50
2021	37
2022	26
2023	12
2024 plus	12
Total	$ 197

Leases and Contingencies - Lega

Leases and Contingencies - Legal Contingencies Narrative (Details) $ in Millions	Feb. 10, 2017defendant	Mar. 31, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Number of defendants | defendant	3
Galestan v. OneMain Holdings, Inc., et al. | Settled Litigation
Loss Contingencies [Line Items]
Amount accrued, net of consideration of insurance proceeds | $		$ 0

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment	2
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	$ 956	$ 862
Interest expense	236	200
Provision for finance receivable losses	286	254
Net interest income (loss) after provision for finance receivable losses	434	408
Other revenues	148	137
Other expenses	380	377
Income (loss) before income tax expense (benefit)	202	168
Assets	21,358	20,467	$ 20,090
Operating segments | Consumer and Insurance
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	954	873
Interest expense	229	194
Provision for finance receivable losses	276	258
Net interest income (loss) after provision for finance receivable losses	449	421
Other revenues	146	106
Other expenses	363	353
Income (loss) before income tax expense (benefit)	232	174
Assets	19,197	18,033
Operating segments | Acquisitions and Servicing
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	0	0
Interest expense	0	0
Provision for finance receivable losses	0	0
Net interest income (loss) after provision for finance receivable losses	0	0
Other revenues	7	9
Other expenses	7	8
Income (loss) before income tax expense (benefit)	0	1
Assets	0	0
Other
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	3	5
Interest expense	2	5
Provision for finance receivable losses	0	(2)
Net interest income (loss) after provision for finance receivable losses	1	2
Other revenues	1	(2)
Other expenses	5	10
Income (loss) before income tax expense (benefit)	(3)	(10)
Assets	95	255
Segment to GAAP Adjustment
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	(1)	(16)
Interest expense	5	1
Provision for finance receivable losses	10	(2)
Net interest income (loss) after provision for finance receivable losses	(16)	(15)
Other revenues	(6)	24
Other expenses	5	6
Income (loss) before income tax expense (benefit)	(27)	3
Assets	$ 2,066	$ 2,179

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value & Carrying Value Hierarchy Basis (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Assets
Restricted cash and restricted cash equivalents	$ 575	$ 499	$ 679
Total Fair Value
Assets
Cash and cash equivalents	1,709	679
Investment securities	1,743	1,694
Net finance receivables, less allowance for finance receivable losses	16,872	16,734
Finance receivables held for sale	80	103
Restricted cash and restricted cash equivalents	575	499
Other assets	13	16
Liabilities
Long-term debt	16,681	15,041
Total Carrying Value
Assets
Cash and cash equivalents	1,709	679
Investment securities	1,743	1,694
Net finance receivables, less allowance for finance receivable losses	15,403	15,433
Finance receivables held for sale	78	103
Restricted cash and restricted cash equivalents	575	499
Other assets	13	16
Liabilities
Long-term debt	16,117	15,178
Level 1
Assets
Cash and cash equivalents	1,666	618
Investment securities	37	34
Net finance receivables, less allowance for finance receivable losses	0	0
Finance receivables held for sale	0	0
Restricted cash and restricted cash equivalents	575	499
Other assets	0	0
Liabilities
Long-term debt	0	0
Level 2
Assets
Cash and cash equivalents	43	61
Investment securities	1,702	1,655
Net finance receivables, less allowance for finance receivable losses	0	0
Finance receivables held for sale	0	0
Restricted cash and restricted cash equivalents	0	0
Other assets	0	1
Liabilities
Long-term debt	16,681	15,041
Level 3
Assets
Cash and cash equivalents	0	0
Investment securities	4	5
Net finance receivables, less allowance for finance receivable losses	16,872	16,734
Finance receivables held for sale	80	103
Restricted cash and restricted cash equivalents	0	0
Other assets	13	15
Liabilities
Long-term debt	$ 0	$ 0

Fair Value Measurements - Asset

Fair Value Measurements - Assets at Fair Value Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Investment securities:
Available-for-sale securities	$ 1,657	$ 1,607
Other securities	86	87
U.S. government and government sponsored entities
Investment securities:
Available-for-sale securities	17	21
Obligations of states, municipalities, and political subdivisions
Investment securities:
Available-for-sale securities	87	90
Certificates of deposit and commercial paper
Investment securities:
Available-for-sale securities	59	63
Corporate debt
Investment securities:
Available-for-sale securities	1,059	997
RMBS
Investment securities:
Available-for-sale securities	141	128
CMBS
Investment securities:
Available-for-sale securities	66	71
CDO/ABS
Investment securities:
Available-for-sale securities	83	94
Level 1
Assets
Cash equivalents in securities	1,666	618
Investment securities:
Total investment securities	37	34
Level 2
Assets
Cash equivalents in securities	43	61
Investment securities:
Total investment securities	1,702	1,655
Level 3
Assets
Cash equivalents in securities	0	0
Investment securities:
Total investment securities	4	5
Fair Value, Measurements, Recurring
Assets
Cash equivalents in mutual funds	1,033	426
Cash equivalents in securities	43	61
Investment securities:
Available-for-sale securities	1,657	1,607
Other securities	86	87
Total investment securities	1,743	1,694
Restricted cash in mutual funds	560	482
Total	3,379	2,663
Fair Value, Measurements, Recurring | Total bonds
Investment securities:
Other securities	41	46
Fair Value, Measurements, Recurring | U.S. government and government sponsored entities
Investment securities:
Available-for-sale securities	17	21
Fair Value, Measurements, Recurring | Obligations of states, municipalities, and political subdivisions
Investment securities:
Available-for-sale securities	87	90
Fair Value, Measurements, Recurring | Certificates of deposit and commercial paper
Investment securities:
Available-for-sale securities	59	63
Fair Value, Measurements, Recurring | Non-U.S. government and government sponsored entities
Investment securities:
Available-for-sale securities	145	143
Other securities	1	1
Fair Value, Measurements, Recurring | Corporate debt
Investment securities:
Available-for-sale securities	1,059	997
Other securities	38	43
Fair Value, Measurements, Recurring | RMBS
Investment securities:
Available-for-sale securities	141	128
Other securities	1	1
Fair Value, Measurements, Recurring | CMBS
Investment securities:
Available-for-sale securities	66	71
Fair Value, Measurements, Recurring | CDO/ABS
Investment securities:
Available-for-sale securities	83	94
Other securities	1	1
Fair Value, Measurements, Recurring | Preferred stock
Investment securities:
Other securities	20	19
Fair Value, Measurements, Recurring | Common stock
Investment securities:
Other securities	24	21
Fair Value, Measurements, Recurring | Other long-term investments
Investment securities:
Other securities	1	1
Fair Value, Measurements, Recurring | Level 1
Assets
Cash equivalents in mutual funds	1,033	426
Cash equivalents in securities	0	0
Investment securities:
Available-for-sale securities	0	0
Other securities	37	34
Total investment securities	37	34
Restricted cash in mutual funds	560	482
Total	1,630	942
Fair Value, Measurements, Recurring | Level 1 | Total bonds
Investment securities:
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. government and government sponsored entities
Investment securities:
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Obligations of states, municipalities, and political subdivisions
Investment securities:
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Certificates of deposit and commercial paper
Investment securities:
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Non-U.S. government and government sponsored entities
Investment securities:
Available-for-sale securities	0	0
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate debt
Investment securities:
Available-for-sale securities	0	0
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | RMBS
Investment securities:
Available-for-sale securities	0	0
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | CMBS
Investment securities:
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | CDO/ABS
Investment securities:
Available-for-sale securities	0	0
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Preferred stock
Investment securities:
Other securities	13	13
Fair Value, Measurements, Recurring | Level 1 | Common stock
Investment securities:
Other securities	24	21
Fair Value, Measurements, Recurring | Level 1 | Other long-term investments
Investment securities:
Other securities	0	0
Fair Value, Measurements, Recurring | Level 2
Assets
Cash equivalents in mutual funds	0	0
Cash equivalents in securities	43	61
Investment securities:
Available-for-sale securities	1,655	1,604
Other securities	47	51
Total investment securities	1,702	1,655
Restricted cash in mutual funds	0	0
Total	1,745	1,716
Fair Value, Measurements, Recurring | Level 2 | Total bonds
Investment securities:
Other securities	40	45
Fair Value, Measurements, Recurring | Level 2 | U.S. government and government sponsored entities
Investment securities:
Available-for-sale securities	17	21
Fair Value, Measurements, Recurring | Level 2 | Obligations of states, municipalities, and political subdivisions
Investment securities:
Available-for-sale securities	87	90
Fair Value, Measurements, Recurring | Level 2 | Certificates of deposit and commercial paper
Investment securities:
Available-for-sale securities	59	63
Fair Value, Measurements, Recurring | Level 2 | Non-U.S. government and government sponsored entities
Investment securities:
Available-for-sale securities	145	143
Other securities	1	1
Fair Value, Measurements, Recurring | Level 2 | Corporate debt
Investment securities:
Available-for-sale securities	1,057	995
Other securities	37	42
Fair Value, Measurements, Recurring | Level 2 | RMBS
Investment securities:
Available-for-sale securities	141	128
Other securities	1	1
Fair Value, Measurements, Recurring | Level 2 | CMBS
Investment securities:
Available-for-sale securities	66	71
Fair Value, Measurements, Recurring | Level 2 | CDO/ABS
Investment securities:
Available-for-sale securities	83	93
Other securities	1	1
Fair Value, Measurements, Recurring | Level 2 | Preferred stock
Investment securities:
Other securities	7	6
Fair Value, Measurements, Recurring | Level 2 | Common stock
Investment securities:
Other securities	0	0
Fair Value, Measurements, Recurring | Level 2 | Other long-term investments
Investment securities:
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3
Assets
Cash equivalents in mutual funds	0	0
Cash equivalents in securities	0	0
Investment securities:
Available-for-sale securities	2	3
Other securities	2	2
Total investment securities	4	5
Restricted cash in mutual funds	0	0
Total	4	5
Fair Value, Measurements, Recurring | Level 3 | Total bonds
Investment securities:
Other securities	1	1
Fair Value, Measurements, Recurring | Level 3 | U.S. government and government sponsored entities
Investment securities:
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Obligations of states, municipalities, and political subdivisions
Investment securities:
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Certificates of deposit and commercial paper
Investment securities:
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Non-U.S. government and government sponsored entities
Investment securities:
Available-for-sale securities	0	0
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Corporate debt
Investment securities:
Available-for-sale securities	2	2
Other securities	1	1
Fair Value, Measurements, Recurring | Level 3 | RMBS
Investment securities:
Available-for-sale securities	0	0
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | CMBS
Investment securities:
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | CDO/ABS
Investment securities:
Available-for-sale securities	0	1
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Preferred stock
Investment securities:
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Common stock
Investment securities:
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Other long-term investments
Investment securities:
Other securities	$ 1	$ 1

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Non-recurring basis
Assets and liabilities measured at fair value
Net impairment charges	$ 3	$ 0