OneMain (OMF) 10-Q 2 Aug 19 2019 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2019	Jul. 31, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-36129
Entity Registrant Name	ONEMAIN HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-3379612
Entity Address, Address Line One	601 N.W. Second Street
Entity Address, City or Town	Evansville
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	47708
City Area Code	812
Local Phone Number	424-8031
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	OMF
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		136,092,753
Entity Central Index Key	0001584207
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 786	$ 679
Investment securities	1,721	1,694
Net finance receivables (includes loans of consolidated VIEs of $8.0 billion in 2019 and $8.5 billion in 2018)	16,980	16,164
Unearned insurance premium and claim reserves	(720)	(662)
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $369 million in 2019 and $444 million in 2018)	(744)	(731)
Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses	15,516	14,771
Finance receivables held for sale	74	103
Restricted cash and restricted cash equivalents (include restricted cash and restricted cash equivalents of consolidated VIEs of $409 million in 2019 and $479 million in 2018)	420	499
Goodwill	1,422	1,422
Other intangible assets	362	388
Other assets	716	534
Total assets	21,017	20,090
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $7.1 billion in 2019 and $7.5 billion in 2018)	15,551	15,178
Insurance claims and policyholder liabilities	648	685
Deferred and accrued taxes	34	45
Other liabilities (includes other liabilities of consolidated VIEs of $13 million in 2019 and $14 million in 2018)	643	383
Total liabilities	16,876	16,291
Commitments and contingent liabilities (Note 13)
Shareholders’ equity:
Common stock, par value $.01 per share; 2,000,000,000 shares authorized, 136,089,417 and 135,832,278 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	1	1
Additional paid-in capital	1,683	1,681
Accumulated other comprehensive income (loss)	28	(34)
Retained earnings	2,429	2,151
Total shareholders’ equity	4,141	3,799
Total liabilities and shareholders’ equity	$ 21,017	$ 20,090

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Net finance receivables	$ 16,980	$ 16,164
Allowance for finance receivable losses	744	731
Restricted cash and restricted cash equivalents	420	499
Long-term debt	15,551	15,178
Other liabilities	$ 643	$ 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)	136,089,417	135,832,278
Common stock, shares outstanding (in shares)	136,089,417	135,832,278
Consolidated VIEs
Allowance for finance receivable losses	$ 369	$ 444
Restricted cash and restricted cash equivalents	409	479
Long-term debt	7,100	7,500
Other liabilities	13	14
Finance receivables - Personal loans
Allowance for finance receivable losses	744	731
Finance receivables - Personal loans | Consolidated VIEs
Net finance receivables	$ 8,000	$ 8,500

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest income:
Finance charges	$ 998	$ 902	$ 1,950	$ 1,761
Finance receivables held for sale	2	3	5	6
Total interest income	1,000	905	1,955	1,767
Interest expense	238	220	473	420
Net interest income	762	685	1,482	1,347
Provision for finance receivable losses	268	260	554	514
Net interest income (loss) after provision for finance receivable losses	494	425	928	833
Other revenues:
Insurance	114	107	224	212
Investment	24	19	50	32
Net loss on repurchases and repayments of debt	(12)	(7)	(33)	(8)
Net gain on sale of real estate loans	0	0	3	0
Other	30	21	60	41
Total other revenues	156	140	304	277
Other expenses:
Salaries and benefits	204	312	404	510
Other operating expenses	140	159	276	293
Insurance policy benefits and claims	50	51	94	96
Total other expenses	394	522	774	899
Income (loss) before income tax expense (benefit)	256	43	458	211
Income taxes	62	36	112	80
Net income	$ 194	$ 7	$ 346	$ 131
Weighted average number of shares outstanding:
Basic (in shares)	136,083,993	135,678,914	136,043,221	135,637,825
Diluted (in shares)	136,248,813	135,969,045	136,220,274	135,933,399
Earnings per share:
Basic (in dollars per share)	$ 1.43	$ 0.05	$ 2.54	$ 0.96
Diluted (in dollars per share)	$ 1.42	$ 0.05	$ 2.54	$ 0.96

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 194	$ 7	$ 346	$ 131
Other comprehensive income (loss):
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	36	(13)	75	(37)
Foreign currency translation adjustments	2	(2)	5	(5)
Income tax effect:
Net unrealized gains (losses) on non-credit impaired available-for-sale securities	(8)	3	(17)	7
Retirement plan liability adjustments	0	2	0	2
Foreign currency translation adjustments	0	(1)	(1)	(1)
Other comprehensive income (loss), net of tax	30	(11)	62	(34)
Comprehensive income (loss)	$ 224	$ (4)	$ 408	$ 97

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		110		110
Share-based compensation expense, net of forfeitures		13		13
Withholding tax on share-based compensation		(9)		(9)
Other comprehensive income (loss)		(34)			(34)
Impact of AOCI reclassification due to the Tax Act		0			2	(2)
Net income		131				131
Balance at end of period at Jun. 30, 2018		3,489	1	1,674	(21)	1,835
Balance at beginning of period at Mar. 31, 2018		3,382	1	1,563	(12)	1,830
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Non-cash incentive compensation from SFH		106
Share-based compensation expense, net of forfeitures		8		8
Withholding tax on share-based compensation		(3)		(3)
Other comprehensive income (loss)		(11)			(11)
Impact of AOCI reclassification due to the Tax Act		0			2	(2)
Net income		7				7
Balance at end of period at Jun. 30, 2018		3,489	1	1,674	(21)	1,835
Balance at beginning of period at Dec. 31, 2018		3,799	1	1,681	(34)	2,151
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
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		7		7
Withholding tax on share-based compensation		(5)		(5)
Other comprehensive income (loss)		62			62
Cash dividends	[1]	(68)				(68)
Net income		346				346
Balance at end of period at Jun. 30, 2019		4,141	1	1,683	28	2,429
Balance at beginning of period at Mar. 31, 2019		3,950	1	1,682	(2)	2,269
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense, net of forfeitures		1		1
Other comprehensive income (loss)		30			30
Cash dividends	[1]	(34)				(34)
Net income		194				194
Balance at end of period at Jun. 30, 2019		$ 4,141	$ 1	$ 1,683	$ 28	$ 2,429
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
[1]	Cash dividends declared and paid were $0.25 per share in the first and second quarters of 2019 .

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statement of Cash Flows [Abstract]
Net income	$ 346	$ 131
Reconciling adjustments:
Provision for finance receivable losses	554	514
Depreciation and amortization	138	131
Deferred income tax charge	21	7
Net loss on repurchases and repayments of debt	33	8
Non-cash incentive compensation from SFH	0	110
Share-based compensation expense, net of forfeitures	7	13
Other	(10)	8
Cash flows due to changes in other assets and other liabilities	56	22
Net cash provided by operating activities	1,145	944
Cash flows from investing activities
Net principal originations of finance receivables held for investment and held for sale	(1,400)	(1,116)
Proceeds on sales of finance receivables held for sale originated as held for investment	19	0
Available-for-sale securities purchased	(317)	(394)
Available-for-sale securities called, sold, and matured	336	280
Other securities purchased	(5)	(6)
Other securities called, sold, and matured	15	20
Other, net	5	(24)
Net cash used for investing activities	(1,347)	(1,240)
Cash flows from financing activities
Proceeds from issuance of long-term debt, net of commissions	3,159	3,739
Repayment of long-term debt	(2,856)	(3,776)
Dividends	(68)	0
Withholding tax on share-based compensation	(5)	(9)
Net cash provided by (used for) financing activities	230	(46)
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents	28	(342)
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	1,206	1,143
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	29	0
Supplemental non-cash activities
Transfer of finance receivables to real estate owned	2	3
Right-of-use assets obtained in exchange for operating lease obligations	177
Net unsettled investment security purchases	$ (20)	$ (1)

Business and Basis of Presentat

Business and Basis of Presentation	6 Months Ended
	Jun. 30, 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”) whose principal subsidiary is Independence Holdings, LLC (“Independence”). 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. At June 30, 2019 , the Apollo-Värde Group owned approximately 40.4% of OMH’s common stock. 2018 Share Sale Transactions As disclosed in Note 21 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our 2018 Annual Report on Form 10-K, certain executives of the Company had previously been granted incentive units that only provided benefits (in the form of distributions) if SFH made distributions to one or more of its common members that exceeded specified threshold amounts. In connection with the distributions by SFH to Fortress (the “Fortress Transaction”) resulting from the Apollo-Värde Transaction described in Note 2 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our 2018 Annual Report on Form 10-K, certain executive officers who were holders of SFH incentive units received a distribution of approximately $106 million in the aggregate from 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. In addition, in connection with the distributions by SFH to AIG resulting from the AIG Transaction described in Note 2 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our 2018 Annual Report on Form 10-K, these same executive officers holding the incentive units described above, received a distribution of approximately $4 million in the aggregate from SFH in respect of their incentive interests in SFH. Consistent with the Fortress Transaction, we recorded 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. BASIS OF PRESENTATION We prepared our condensed consolidated financial statements using generally accepted accounting principles in the United States of America (“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	6 Months Ended
	Jun. 30, 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. 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 also modifies the other-than-temporary impairment model for available-for-sale debt securities by requiring companies to record an allowance for credit impairment 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. The Company has performed limited parallel testing and expects to perform more comprehensive testing in the third quarter of 2019. We continue to refine our model to estimate the expected credit losses as well as develop the necessary changes to our processes and internal controls in order to comply with this ASU. As we finalize the impact on our consolidated financial statements and related disclosures, we will provide further disclosure regarding the estimated impact on our allowance for finance receivable losses. The Company’s implementation team has also been working with our investment advisor to develop a new process to comply with this ASU as it relates to available-for-sale debt securities and the related disclosure requirements. 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. The actual impact will depend on the characteristics of our finance receivables, current economic conditions, as well as our economic and loss forecasts at the time 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. In July of 2019, the FASB announced the proposal of a one-year deferral of this ASU to become effective for fiscal years beginning January 1, 2022. We have 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 continue to make progress in 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 six months ended June 30, 2019 , but not yet effective, would have a material impact on our consolidated financial statements or disclosures, if adopted.

Finance Receivables

Finance Receivables	6 Months Ended
	Jun. 30, 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) June 30, December 31, Gross receivables * $ 16,808 $ 15,978 Unearned points and fees (218 ) (201 ) Accrued finance charges 254 253 Deferred origination costs 136 134 Total $ 16,980 $ 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 June 30, 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 June 30, 2019 and December 31, 2018 , 50% 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) June 30, December 31, Performing Current $ 16,325 $ 15,411 30-59 days past due 220 229 60-89 days past due 144 161 Total performing 16,689 15,801 Nonperforming 90-179 days past due 284 355 180 days or more past due 7 8 Total nonperforming 291 363 Total $ 16,980 $ 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 June 30, 2019 and December 31, 2018 , finance receivables held for sale totaled $74 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) June 30, December 31, Personal Loans Carrying amount, net of allowance $ 58 $ 89 Outstanding balance (a) 100 135 Allowance for purchased credit impaired finance receivable losses (b) — — Real Estate Loans - Held for Sale Carrying amount $ 21 $ 28 Outstanding balance (a) 38 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 June 30, 2019 or December 31, 2018 . Changes in accretable yield for purchased credit impaired finance receivables were as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2019 2018 2019 2018 Personal Loans Balance at beginning of period $ 34 $ 49 $ 39 $ 47 Accretion (4 ) (8 ) (9 ) (14 ) Reclassifications from nonaccretable difference * 16 11 16 19 Balance at end of period $ 46 $ 52 $ 46 $ 52 Real Estate Loans - Held for Sale Balance at beginning of period $ 23 $ 52 $ 27 $ 53 Accretion — (1 ) (1 ) (2 ) Transfer due to finance receivables sold — — (3 ) — Balance at end of period $ 23 $ 51 $ 23 $ 51 * 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) June 30, December 31, Personal Loans TDR gross receivables (a) $ 546 $ 450 TDR net receivables (b) 549 453 Allowance for TDR finance receivable losses 227 170 Real Estate Loans - Held for Sale TDR gross receivables (a) $ 56 $ 89 TDR net receivables (b) 57 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, and deferred origination costs. As of June 30, 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 June 30, 2019 TDR average net receivables $ 527 $ 58 $ 585 TDR finance charges recognized 12 1 13 Three Months Ended June 30, 2018 TDR average net receivables $ 367 $ 137 $ 504 TDR finance charges recognized 11 2 13 Six Months Ended June 30, 2019 TDR average net receivables $ 502 $ 61 $ 563 TDR finance charges recognized 23 2 25 Six Months Ended June 30, 2018 TDR average net receivables $ 352 $ 138 $ 490 TDR finance charges recognized 22 4 26 * Other Receivables held for sale included in the table above consist of real estate loans and were as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2019 2018 2019 2018 TDR average net receivables $ 58 $ 88 $ 61 $ 89 TDR finance charges recognized 1 2 2 3 Information regarding the new volume of the TDR finance receivables held for investment, consisting of personal loans, are reflected in the following table. Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2019 2018 2019 2018 Personal Loans Pre-modification TDR net finance receivables $ 124 $ 84 $ 244 $ 179 Post-modification TDR net finance receivables: Rate reduction $ 85 $ 63 $ 170 $ 132 Other * 39 21 74 47 Total post-modification TDR net finance receivables $ 124 $ 84 $ 244 $ 179 Number of TDR accounts 18,307 12,778 36,813 27,508 * “Other” modifications primarily include potential principal and interest forgiveness contingent on future payment performance by the borrower under the modified terms. New volume of TDR other receivables for the three and six months ended June 30, 2019 and 2018 are not included in the table above as they were immaterial. 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) are reflected in the following table. Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2019 2018 2019 2018 Personal Loans TDR net finance receivables * $ 21 $ 18 $ 40 $ 35 Number of TDR accounts 3,171 2,622 6,096 5,341 * 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 and six months ended June 30, 2019 and 2018 that defaulted during the previous 12-month period were immaterial.

Allowance for Finance Receivabl

Allowance for Finance Receivable Losses	6 Months Ended
	Jun. 30, 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 June 30, 2019 Balance at beginning of period $ 733 $ — $ 733 Provision for finance receivable losses 268 — 268 Charge-offs (290 ) — (290 ) Recoveries 33 — 33 Balance at end of period $ 744 $ — $ 744 Three Months Ended June 30, 2018 Balance at beginning of period $ 665 $ 24 $ 689 Provision for finance receivable losses 261 (1 ) 260 Charge-offs (278 ) — (278 ) Recoveries 30 1 31 Balance at end of period $ 678 $ 24 $ 702 Six Months Ended June 30, 2019 Balance at beginning of period $ 731 $ — $ 731 Provision for finance receivable losses 554 — 554 Charge-offs (601 ) — (601 ) Recoveries 60 — 60 Balance at end of period $ 744 $ — $ 744 Six Months Ended June 30, 2018 Balance at beginning of period $ 673 $ 24 $ 697 Provision for finance receivable losses 515 (1 ) 514 Charge-offs (567 ) (1 ) (568 ) Recoveries 57 2 59 Balance at end of period $ 678 $ 24 $ 702 The allowance for finance receivable losses and net finance receivables by impairment method were as follows: (dollars in millions) June 30, December 31, Allowance for finance receivable losses: Collectively evaluated for impairment $ 517 $ 561 Purchased credit impaired finance receivables — — TDR finance receivables 227 170 Total $ 744 $ 731 Finance receivables: Collectively evaluated for impairment $ 16,373 $ 15,622 Purchased credit impaired finance receivables 58 89 TDR finance receivables 549 453 Total $ 16,980 $ 16,164 Allowance for finance receivable losses as a percentage of finance receivables 4.38 % 4.52 %

Finance Receivables Held for Sa

Finance Receivables Held for Sale	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Finance Receivables Held for Sale	5. Finance Receivables Held for Sale We reported finance receivables held for sale of $74 million at June 30, 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 June 30, 2019 , the carrying value of our finance receivables held for sale was not impaired. We did not have any other material transfers to or from finance receivables held for sale during the three and six months ended June 30, 2019 and 2018

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 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 June 30, 2019 Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 10 $ — $ — $ 10 Obligations of states, municipalities, and political subdivisions 72 1 — 73 Certificates of deposit and commercial paper 73 — — 73 Non-U.S. government and government sponsored entities 141 4 — 145 Corporate debt 1,029 32 (1 ) 1,060 Mortgage-backed, asset-backed, and collateralized: RMBS 118 2 — 120 CMBS 67 — — 67 CDO/ABS 88 2 — 90 Total $ 1,598 $ 41 $ (1 ) $ 1,638 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 June 30, 2019 U.S. government and government sponsored entities $ — $ — $ 3 $ — $ 3 $ — Obligations of states, municipalities, and political subdivisions — — 9 — 9 — Non-U.S. government and government sponsored entities 7 — 26 — 33 — Corporate debt 40 — 65 (1 ) 105 (1 ) Mortgage-backed, asset-backed, and collateralized: RMBS — — 24 — 24 — CMBS 3 — 19 — 22 — CDO/ABS 12 — 6 — 18 — Total $ 62 $ — $ 152 $ (1 ) $ 214 $ (1 ) 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 469 and 1,767 investment securities in an unrealized loss position at June 30, 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 June 30, 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 June 30, 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 and six months ended June 30, 2019 , other-than-temporary impairment credit losses, primarily on corporate debt, in investment revenues were immaterial . During the three months ended June 30, 2018 , we did not recognize any other-than-temporary impairment credit losses and during the six months ended June 30, 2018 , other-than-temporary impairment credit losses 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 and six months ended June 30, 2019 and 2018 . The proceeds of available-for-sale securities sold or redeemed during the three and six months ended June 30, 2019 totaled $180 million and $209 million , respectively. The proceeds of available-for-sale securities sold or redeemed during the three and six months ended June 30, 2018 totaled $69 million and $140 million , respectively. The realized gains and losses were immaterial during the three and six months ended June 30, 2019 and 2018 . Contractual maturities of fixed-maturity available-for-sale securities at June 30, 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 $ 243 $ 243 Due after 1 year through 5 years 530 520 Due after 5 years through 10 years 445 427 Due after 10 years 143 135 Mortgage-backed, asset-backed, and collateralized securities 277 273 Total $ 1,638 $ 1,598 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 $525 million and $515 million at June 30, 2019 and December 31, 2018 , respectively. OTHER SECURITIES The fair value of other securities by type was as follows: (dollars in millions) June 30, December 31, Fixed maturity other securities: Bonds Non-U.S. government and government sponsored entities $ 1 $ 1 Corporate debt 34 43 Mortgage-backed, asset-backed, and collateralized bonds 6 2 Total bonds 41 46 Preferred stock (a) 16 19 Common stock (a) 25 21 Other long-term investments 1 1 Total $ 83 $ 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. The unrealized gains and losses on other securities were immaterial for the three months ended June 30, 2019 and 2018. We recognized $5 million in unrealized gains and $3 million in unrealized losses on other securities for the six months ended June 30, 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 and six months ended June 30, 2019 and 2018 . We report these gains and losses in investment revenues.

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 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 June 30, 2019 were as follows: Senior Debt (dollars in millions) Securitizations Unsecured Junior Subordinated Debt (a) Total Interest rates (b) 2.16% - 6.94% 5.63% - 8.25% 4.35 % Remainder of 2019 — — — — 2020 — 1,000 — 1,000 2021 — 646 — 646 2022 — 1,000 — 1,000 2023 — 1,175 — 1,175 2024-2067 — 4,649 350 4,999 Securitizations (c) 7,083 — — 7,083 Total principal maturities $ 7,083 $ 8,470 $ 350 $ 15,903 Total carrying amount $ 7,057 $ 8,322 $ 172 $ 15,551 Debt issuance costs (d) $ (25 ) $ (76 ) $ — $ (101 ) (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 June 30, 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 4.35% as of June 30, 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 June 30, 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 $29 million at June 30, 2019 and are reported in “Other assets”. SFC’S 6.625% SENIOR NOTES DUE 2028 OFFERING On May 9, 2019 , SFC issued a total of $800 million aggregate principal amount of 6.625% Senior Notes due 2028 (the “ 6.625% SFC Notes due 2028”) under the SFC Senior Notes Indentures, as supplemented by the SFC Eighth Supplemental Indenture, pursuant to which OMH provided a guarantee on an unsecured basis. SFC’S 6.125% SENIOR NOTES DUE 2024 OFFERINGS 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. Subsequent to June 30, 2019, SFC issued on July 2, 2019 an additional $300 million aggregate principal amount of the 6.125% SFC Notes due 2024 under the terms of the SFC Senior Notes Indentures, as supplemented by the SFC Seventh Supplemental Indenture, pursuant to which OMH provided a guarantee on an unsecured basis. See Note 16 Subsequent Events for further information. REDEMPTION OF 5.25% SENIOR NOTES DUE 2019 As a result of the February 2019 offering of the 6.125% SFC Notes due 2024 as 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 six months ended June 30, 2019 . REDEMPTION OF 6.00% SENIOR NOTES DUE 2020 On March 15, 2019 , SFC issued a notice of 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 recognized 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	6 Months Ended
	Jun. 30, 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) June 30, December 31, Assets Cash and cash equivalents $ 1 $ 2 Finance receivables - Personal loans 7,999 8,480 Allowance for finance receivable losses 369 444 Restricted cash and restricted cash equivalents 409 479 Other assets 29 26 Liabilities Long-term debt $ 7,057 $ 7,510 Other liabilities 14 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 and $164 million for the three and six months ended June 30, 2019 , compared to $87 million and $173 million for the three and six months ended June 30, 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 June 30, 2019 were $7.1 billion. REVOLVING CONDUIT FACILITIES We had access to 13 conduit facilities with a total borrowing capacity of $6.7 billion as of June 30, 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 nine years as of June 30, 2019 . Amounts drawn on these facilities are collateralized by our personal loans. At June 30, 2019 , no amounts were drawn under these facilities.

Insurance

Insurance	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, (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 111 102 Prior years * (15 ) (5 ) Total 96 97 Reductions for losses and loss adjustment expenses paid related to: Current year (50 ) (47 ) Prior years (48 ) (51 ) Total (98 ) (98 ) Net balance at end of period 111 130 Plus reinsurance recoverables 3 4 Transfer of reserves — (19 ) Balance at end of period $ 114 $ 115 * Reflects (i) a redundancy in the prior years’ net reserves of $15 million at June 30, 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 $5 million at June 30, 2018

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	10. Earnings Per Share The computation of earnings per share was as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in millions, except per share data) 2019 2018 2019 2018 Numerator (basic and diluted): Net income attributable to OneMain Holdings, Inc. $ 194 $ 7 $ 346 $ 131 Denominator: Weighted average number of shares outstanding (basic) 136,083,993 135,678,914 136,043,221 135,637,825 Effect of dilutive securities * 164,820 290,131 177,053 295,574 Weighted average number of shares outstanding (diluted) 136,248,813 135,969,045 136,220,274 135,933,399 Earnings per share: Basic $ 1.43 $ 0.05 $ 2.54 $ 0.96 Diluted $ 1.42 $ 0.05 $ 2.54 $ 0.96 * We have excluded the following shares in the diluted earnings per share calculation for three and six months ended June 30, 2019 and 2018 because these shares would be anti-dilutive, which could impact the earnings per share calculation in the future: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Performance-based shares 195,944 45,467 161,563 71,314 Service-based shares 52,046 159,698 191,729 240,467 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)	6 Months Ended
	Jun. 30, 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 June 30, 2019 Balance at beginning of period $ 2 $ (3 ) $ (1 ) $ (2 ) Other comprehensive income before reclassifications 28 — 2 30 Balance at end of period $ 30 $ (3 ) $ 1 $ 28 Three Months Ended June 30, 2018 Balance at beginning of period $ (16 ) $ 4 $ — $ (12 ) Other comprehensive income (loss) before reclassifications (10 ) 2 (3 ) (11 ) Impact of AOCI reclassification due to the Tax Act 2 (3 ) 3 2 Balance at end of period $ (24 ) $ 3 $ — $ (21 ) Six Months Ended June 30, 2019 Balance at beginning of period $ (28 ) $ (3 ) $ (3 ) $ (34 ) Other comprehensive income before reclassifications 58 — 4 62 Balance at end of period $ 30 $ (3 ) $ 1 $ 28 Six Months Ended June 30, 2018 Balance at beginning of period $ 4 $ 4 $ 3 $ 11 Other comprehensive income (loss) before reclassifications (30 ) 2 (6 ) (34 ) Impact of AOCI reclassification due to the Tax Act 2 (3 ) 3 2 Balance at end of period $ (24 ) $ 3 $ — $ (21 ) 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 and six months ended June 30, 2019 and 2018.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes We had a net deferred tax asset of $89 million and $129 million at June 30, 2019 and December 31, 2018 , respectively. The decrease in our net deferred tax asset of $40 million was primarily driven by the change in mark-to-market valuation of our receivables and amortization of tax goodwill. The effective tax rate for the six months ended June 30, 2019 was 24.5% , compared to 38.0% for the same period in 2018 . The effective tax rate for the six months ended June 30, 2019 differed from the federal statutory rate of 21% primarily due to the effect of state income taxes. The effective tax rate for the six months ended June 30, 2018 differed from the federal statutory rate of 21% primarily due to the effect of discrete tax expense for non-deductible compensation and state income taxes. We are currently under examination of our U.S. federal tax returns for the years 2014 to 2016 by the IRS. We are also under examination by 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 $13 million at June 30, 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	6 Months Ended
	Jun. 30, 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, 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 June 30, 2019 , our operating right-of-use asset balance was $165 million , and our operating lease liability balance was $178 million . Our operating lease costs totaled $15 million and $32 million for three and six months ended June 30, 2019 , respectively. Our variable lease costs totaled $4 million and $8 million for three and six months ended June 30, 2019 , respectively. Our sublease income was immaterial for three and six months ended June 30, 2019 . As of June 30, 2019 , maturities of lease liabilities, excluding leases on a month-to-month basis, were as follows: (dollars in millions) Operating Leases 2019 (excluding the six months ended June 30, 2019) $ 31 2020 57 2021 46 2022 32 2023 18 2024 8 Thereafter 7 Total lease payments 199 Imputed interest (21 ) Total $ 178 Weighted Average Remaining Lease Term 3.9 years Weighted Average Discount Rate 3.76 % 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 April 23, 2019, the parties executed a settlement agreement, which is subject to Court approval. On May 1, 2019, the Court entered an order preliminarily approving the settlement and scheduling a final approval hearing on August 9, 2019. The settlement agreement provides for the dismissal of the action with prejudice. The settlement contains no admission of liability by the Company and the other defendants.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Information	14. Segment Information At June 30, 2019 , our two reportable segments were 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 Three Months Ended June 30, 2019 Interest income $ 999 $ — $ 2 $ (1 ) $ 1,000 Interest expense 232 — 1 5 238 Provision for finance receivable losses 263 — — 5 268 Net interest income after provision for finance receivable losses 504 — 1 (11 ) 494 Other revenues 144 12 — — 156 Other expenses 378 6 4 6 394 Income (loss) before income tax expense (benefit) $ 270 $ 6 $ (3 ) $ (17 ) $ 256 Three Months Ended June 30, 2018 Interest income $ 911 $ — $ 5 $ (11 ) $ 905 Interest expense 212 — 5 3 220 Provision for finance receivable losses 261 — (3 ) 2 260 Net interest income after provision for finance receivable losses 438 — 3 (16 ) 425 Other revenues 106 8 — 26 140 Other expenses 390 8 112 12 522 Income (loss) before income tax expense (benefit) $ 154 $ — $ (109 ) $ (2 ) $ 43 (dollars in millions) Consumer and Insurance Acquisitions and Servicing Other Segment to GAAP Adjustment Consolidated Total At or for the Six Months Ended June 30, 2019 Interest income $ 1,953 $ — $ 5 $ (3 ) $ 1,955 Interest expense 462 — 3 8 473 Provision for finance receivable losses 539 — — 15 554 Net interest income after provision for finance receivable losses 952 — 2 (26 ) 928 Other revenues 290 19 2 (7 ) 304 Other expenses 740 13 10 11 774 Income (loss) before income tax expense (benefit) $ 502 $ 6 $ (6 ) $ (44 ) $ 458 Assets $ 18,872 $ — $ 87 $ 2,058 $ 21,017 At or for the Six Months Ended June 30, 2018 Interest income $ 1,784 $ — $ 9 $ (26 ) $ 1,767 Interest expense 406 — 9 5 420 Provision for finance receivable losses 519 — (5 ) — 514 Net interest income after provision for finance receivable losses 859 — 5 (31 ) 833 Other revenues 211 17 (2 ) 51 277 Other expenses 743 16 122 18 899 Income (loss) before income tax expense (benefit) $ 327 $ 1 $ (119 ) $ 2 $ 211 Assets $ 17,258 $ — $ 248 $ 2,134 $ 19,640

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	15. 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 June 30, 2019 Assets Cash and cash equivalents $ 730 $ 56 $ — $ 786 $ 786 Investment securities 38 1,678 5 1,721 1,721 Net finance receivables, less allowance for finance receivable losses — — 17,831 17,831 16,236 Finance receivables held for sale — — 80 80 74 Restricted cash and restricted cash equivalents 420 — — 420 420 Other assets * — — 12 12 12 Liabilities Long-term debt $ — $ 16,570 $ — $ 16,570 $ 15,551 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 June 30, 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 June 30, 2019 Assets Cash equivalents in mutual funds $ 462 $ — $ — $ 462 Cash equivalents in securities — 56 — 56 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 10 — 10 Obligations of states, municipalities, and political subdivisions — 73 — 73 Certificates of deposit and commercial paper — 73 — 73 Non-U.S. government and government sponsored entities — 145 — 145 Corporate debt — 1,058 2 1,060 RMBS — 120 — 120 CMBS — 67 — 67 CDO/ABS — 89 1 90 Total available-for-sale securities — 1,635 3 1,638 Other securities Bonds: Non-U.S. government and government sponsored entities — 1 — 1 Corporate debt — 33 1 34 RMBS — 1 — 1 CDO/ABS — 5 — 5 Total bonds — 40 1 41 Preferred stock 13 3 — 16 Common stock 25 — — 25 Other long-term investments — — 1 1 Total other securities 38 43 2 83 Total investment securities 38 1,678 5 1,721 Restricted cash in mutual funds 417 — — 417 Total $ 917 $ 1,734 $ 5 $ 2,656 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 and six months ended June 30, 2019 and 2018 , 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 immaterial for the three and six months ended June 30, 2019 and 2018 . 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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events Additional Offering of SFC’s 6.125% Senior Notes Due 2024 On July 2, 2019 , SFC issued an additional $300 million aggregate principal amount of 6.125% SFC Notes due 2024 under the terms of the SFC Senior Notes Indentures, as supplemented by the SFC Seventh Supplemental Indenture, pursuant to which OMH provided a guarantee on an unsecured basis. Special Dividend to our Common Stockholders On July 29, 2019 , the Company declared a dividend of $2.25 per share, consisting of the regular quarterly dividend of $0.25 per share and a special dividend of $2.00 per share, payable on September 13, 2019 to record holders of our common stock as of the close of business on August 27, 2019 . OMFIT 2019-A Securitization On August 1, 2019 , we issued $789 million principal amount of notes backed by personal loans (“OMFIT 2019-A”). OMFIT 2019-A has a revolving period of seven years , during which no principal payments are required to be made. We initially retained approximately $39 million of the asset-backed notes, representing at least 5%

Business and Basis of Present_2

Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION We prepared our condensed consolidated financial statements using generally accepted accounting principles in the United States of America (“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. 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 also modifies the other-than-temporary impairment model for available-for-sale debt securities by requiring companies to record an allowance for credit impairment 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. The Company has performed limited parallel testing and expects to perform more comprehensive testing in the third quarter of 2019. We continue to refine our model to estimate the expected credit losses as well as develop the necessary changes to our processes and internal controls in order to comply with this ASU. As we finalize the impact on our consolidated financial statements and related disclosures, we will provide further disclosure regarding the estimated impact on our allowance for finance receivable losses. The Company’s implementation team has also been working with our investment advisor to develop a new process to comply with this ASU as it relates to available-for-sale debt securities and the related disclosure requirements. 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. The actual impact will depend on the characteristics of our finance receivables, current economic conditions, as well as our economic and loss forecasts at the time 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. In July of 2019, the FASB announced the proposal of a one-year deferral of this ASU to become effective for fiscal years beginning January 1, 2022. We have 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 continue to make progress in 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 six months ended June 30, 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)	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Schedule of components of net finance receivables by type	Components of our personal loans were as follows: (dollars in millions) June 30, December 31, Gross receivables * $ 16,808 $ 15,978 Unearned points and fees (218 ) (201 ) Accrued finance charges 254 253 Deferred origination costs 136 134 Total $ 16,980 $ 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) June 30, December 31, Performing Current $ 16,325 $ 15,411 30-59 days past due 220 229 60-89 days past due 144 161 Total performing 16,689 15,801 Nonperforming 90-179 days past due 284 355 180 days or more past due 7 8 Total nonperforming 291 363 Total $ 16,980 $ 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) June 30, December 31, Personal Loans Carrying amount, net of allowance $ 58 $ 89 Outstanding balance (a) 100 135 Allowance for purchased credit impaired finance receivable losses (b) — — Real Estate Loans - Held for Sale Carrying amount $ 21 $ 28 Outstanding balance (a) 38 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 June 30, 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 June 30, Six Months Ended June 30, (dollars in millions) 2019 2018 2019 2018 Personal Loans Balance at beginning of period $ 34 $ 49 $ 39 $ 47 Accretion (4 ) (8 ) (9 ) (14 ) Reclassifications from nonaccretable difference * 16 11 16 19 Balance at end of period $ 46 $ 52 $ 46 $ 52 Real Estate Loans - Held for Sale Balance at beginning of period $ 23 $ 52 $ 27 $ 53 Accretion — (1 ) (1 ) (2 ) Transfer due to finance receivables sold — — (3 ) — Balance at end of period $ 23 $ 51 $ 23 $ 51 * 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) June 30, December 31, Personal Loans TDR gross receivables (a) $ 546 $ 450 TDR net receivables (b) 549 453 Allowance for TDR finance receivable losses 227 170 Real Estate Loans - Held for Sale TDR gross receivables (a) $ 56 $ 89 TDR net receivables (b) 57 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, and deferred origination costs.
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 June 30, 2019 TDR average net receivables $ 527 $ 58 $ 585 TDR finance charges recognized 12 1 13 Three Months Ended June 30, 2018 TDR average net receivables $ 367 $ 137 $ 504 TDR finance charges recognized 11 2 13 Six Months Ended June 30, 2019 TDR average net receivables $ 502 $ 61 $ 563 TDR finance charges recognized 23 2 25 Six Months Ended June 30, 2018 TDR average net receivables $ 352 $ 138 $ 490 TDR finance charges recognized 22 4 26 * Other Receivables held for sale included in the table above consist of real estate loans and were as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2019 2018 2019 2018 TDR average net receivables $ 58 $ 88 $ 61 $ 89 TDR finance charges recognized 1 2 2 3
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 June 30, Six Months Ended June 30, (dollars in millions) 2019 2018 2019 2018 TDR average net receivables $ 58 $ 88 $ 61 $ 89 TDR finance charges recognized 1 2 2 3
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. Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2019 2018 2019 2018 Personal Loans Pre-modification TDR net finance receivables $ 124 $ 84 $ 244 $ 179 Post-modification TDR net finance receivables: Rate reduction $ 85 $ 63 $ 170 $ 132 Other * 39 21 74 47 Total post-modification TDR net finance receivables $ 124 $ 84 $ 244 $ 179 Number of TDR accounts 18,307 12,778 36,813 27,508 * “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) are reflected in the following table. Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2019 2018 2019 2018 Personal Loans TDR net finance receivables * $ 21 $ 18 $ 40 $ 35 Number of TDR accounts 3,171 2,622 6,096 5,341 * 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)	6 Months Ended
	Jun. 30, 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 June 30, 2019 Balance at beginning of period $ 733 $ — $ 733 Provision for finance receivable losses 268 — 268 Charge-offs (290 ) — (290 ) Recoveries 33 — 33 Balance at end of period $ 744 $ — $ 744 Three Months Ended June 30, 2018 Balance at beginning of period $ 665 $ 24 $ 689 Provision for finance receivable losses 261 (1 ) 260 Charge-offs (278 ) — (278 ) Recoveries 30 1 31 Balance at end of period $ 678 $ 24 $ 702 Six Months Ended June 30, 2019 Balance at beginning of period $ 731 $ — $ 731 Provision for finance receivable losses 554 — 554 Charge-offs (601 ) — (601 ) Recoveries 60 — 60 Balance at end of period $ 744 $ — $ 744 Six Months Ended June 30, 2018 Balance at beginning of period $ 673 $ 24 $ 697 Provision for finance receivable losses 515 (1 ) 514 Charge-offs (567 ) (1 ) (568 ) Recoveries 57 2 59 Balance at end of period $ 678 $ 24 $ 702
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 June 30, 2019 Balance at beginning of period $ 733 $ — $ 733 Provision for finance receivable losses 268 — 268 Charge-offs (290 ) — (290 ) Recoveries 33 — 33 Balance at end of period $ 744 $ — $ 744 Three Months Ended June 30, 2018 Balance at beginning of period $ 665 $ 24 $ 689 Provision for finance receivable losses 261 (1 ) 260 Charge-offs (278 ) — (278 ) Recoveries 30 1 31 Balance at end of period $ 678 $ 24 $ 702 Six Months Ended June 30, 2019 Balance at beginning of period $ 731 $ — $ 731 Provision for finance receivable losses 554 — 554 Charge-offs (601 ) — (601 ) Recoveries 60 — 60 Balance at end of period $ 744 $ — $ 744 Six Months Ended June 30, 2018 Balance at beginning of period $ 673 $ 24 $ 697 Provision for finance receivable losses 515 (1 ) 514 Charge-offs (567 ) (1 ) (568 ) Recoveries 57 2 59 Balance at end of period $ 678 $ 24 $ 702 The allowance for finance receivable losses and net finance receivables by impairment method were as follows: (dollars in millions) June 30, December 31, Allowance for finance receivable losses: Collectively evaluated for impairment $ 517 $ 561 Purchased credit impaired finance receivables — — TDR finance receivables 227 170 Total $ 744 $ 731 Finance receivables: Collectively evaluated for impairment $ 16,373 $ 15,622 Purchased credit impaired finance receivables 58 89 TDR finance receivables 549 453 Total $ 16,980 $ 16,164 Allowance for finance receivable losses as a percentage of finance receivables 4.38 % 4.52 %

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2019 Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 10 $ — $ — $ 10 Obligations of states, municipalities, and political subdivisions 72 1 — 73 Certificates of deposit and commercial paper 73 — — 73 Non-U.S. government and government sponsored entities 141 4 — 145 Corporate debt 1,029 32 (1 ) 1,060 Mortgage-backed, asset-backed, and collateralized: RMBS 118 2 — 120 CMBS 67 — — 67 CDO/ABS 88 2 — 90 Total $ 1,598 $ 41 $ (1 ) $ 1,638 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 June 30, 2019 U.S. government and government sponsored entities $ — $ — $ 3 $ — $ 3 $ — Obligations of states, municipalities, and political subdivisions — — 9 — 9 — Non-U.S. government and government sponsored entities 7 — 26 — 33 — Corporate debt 40 — 65 (1 ) 105 (1 ) Mortgage-backed, asset-backed, and collateralized: RMBS — — 24 — 24 — CMBS 3 — 19 — 22 — CDO/ABS 12 — 6 — 18 — Total $ 62 $ — $ 152 $ (1 ) $ 214 $ (1 ) 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 June 30, 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 $ 243 $ 243 Due after 1 year through 5 years 530 520 Due after 5 years through 10 years 445 427 Due after 10 years 143 135 Mortgage-backed, asset-backed, and collateralized securities 277 273 Total $ 1,638 $ 1,598
Schedule of fair value of other securities by type	The fair value of other securities by type was as follows: (dollars in millions) June 30, December 31, Fixed maturity other securities: Bonds Non-U.S. government and government sponsored entities $ 1 $ 1 Corporate debt 34 43 Mortgage-backed, asset-backed, and collateralized bonds 6 2 Total bonds 41 46 Preferred stock (a) 16 19 Common stock (a) 25 21 Other long-term investments 1 1 Total $ 83 $ 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)	6 Months Ended
	Jun. 30, 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 June 30, 2019 were as follows: Senior Debt (dollars in millions) Securitizations Unsecured Junior Subordinated Debt (a) Total Interest rates (b) 2.16% - 6.94% 5.63% - 8.25% 4.35 % Remainder of 2019 — — — — 2020 — 1,000 — 1,000 2021 — 646 — 646 2022 — 1,000 — 1,000 2023 — 1,175 — 1,175 2024-2067 — 4,649 350 4,999 Securitizations (c) 7,083 — — 7,083 Total principal maturities $ 7,083 $ 8,470 $ 350 $ 15,903 Total carrying amount $ 7,057 $ 8,322 $ 172 $ 15,551 Debt issuance costs (d) $ (25 ) $ (76 ) $ — $ (101 ) (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 June 30, 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 4.35% as of June 30, 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 June 30, 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 $29 million at June 30, 2019 and are reported in “Other assets”.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 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) June 30, December 31, Assets Cash and cash equivalents $ 1 $ 2 Finance receivables - Personal loans 7,999 8,480 Allowance for finance receivable losses 369 444 Restricted cash and restricted cash equivalents 409 479 Other assets 29 26 Liabilities Long-term debt $ 7,057 $ 7,510 Other liabilities 14 14

Insurance (Tables)

Insurance (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, (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 111 102 Prior years * (15 ) (5 ) Total 96 97 Reductions for losses and loss adjustment expenses paid related to: Current year (50 ) (47 ) Prior years (48 ) (51 ) Total (98 ) (98 ) Net balance at end of period 111 130 Plus reinsurance recoverables 3 4 Transfer of reserves — (19 ) Balance at end of period $ 114 $ 115 * Reflects (i) a redundancy in the prior years’ net reserves of $15 million at June 30, 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 $5 million at June 30, 2018 , primarily due to a favorable development of credit disability and unemployment claims during the year.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Computation of earnings per share	The computation of earnings per share was as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in millions, except per share data) 2019 2018 2019 2018 Numerator (basic and diluted): Net income attributable to OneMain Holdings, Inc. $ 194 $ 7 $ 346 $ 131 Denominator: Weighted average number of shares outstanding (basic) 136,083,993 135,678,914 136,043,221 135,637,825 Effect of dilutive securities * 164,820 290,131 177,053 295,574 Weighted average number of shares outstanding (diluted) 136,248,813 135,969,045 136,220,274 135,933,399 Earnings per share: Basic $ 1.43 $ 0.05 $ 2.54 $ 0.96 Diluted $ 1.42 $ 0.05 $ 2.54 $ 0.96 * We have excluded the following shares in the diluted earnings per share calculation for three and six months ended June 30, 2019 and 2018 because these shares would be anti-dilutive, which could impact the earnings per share calculation in the future: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Performance-based shares 195,944 45,467 161,563 71,314 Service-based shares 52,046 159,698 191,729 240,467
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 and six months ended June 30, 2019 and 2018 because these shares would be anti-dilutive, which could impact the earnings per share calculation in the future: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Performance-based shares 195,944 45,467 161,563 71,314 Service-based shares 52,046 159,698 191,729 240,467

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2019 Balance at beginning of period $ 2 $ (3 ) $ (1 ) $ (2 ) Other comprehensive income before reclassifications 28 — 2 30 Balance at end of period $ 30 $ (3 ) $ 1 $ 28 Three Months Ended June 30, 2018 Balance at beginning of period $ (16 ) $ 4 $ — $ (12 ) Other comprehensive income (loss) before reclassifications (10 ) 2 (3 ) (11 ) Impact of AOCI reclassification due to the Tax Act 2 (3 ) 3 2 Balance at end of period $ (24 ) $ 3 $ — $ (21 ) Six Months Ended June 30, 2019 Balance at beginning of period $ (28 ) $ (3 ) $ (3 ) $ (34 ) Other comprehensive income before reclassifications 58 — 4 62 Balance at end of period $ 30 $ (3 ) $ 1 $ 28 Six Months Ended June 30, 2018 Balance at beginning of period $ 4 $ 4 $ 3 $ 11 Other comprehensive income (loss) before reclassifications (30 ) 2 (6 ) (34 ) Impact of AOCI reclassification due to the Tax Act 2 (3 ) 3 2 Balance at end of period $ (24 ) $ 3 $ — $ (21 )

Leases and Contingencies (Table

Leases and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Maturities of lease liabilities	As of June 30, 2019 , maturities of lease liabilities, excluding leases on a month-to-month basis, were as follows: (dollars in millions) Operating Leases 2019 (excluding the six months ended June 30, 2019) $ 31 2020 57 2021 46 2022 32 2023 18 2024 8 Thereafter 7 Total lease payments 199 Imputed interest (21 ) Total $ 178
Weighted average remaining lease term and discount rate	Weighted Average Remaining Lease Term 3.9 years Weighted Average Discount Rate 3.76 %
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)	6 Months Ended
	Jun. 30, 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 Three Months Ended June 30, 2019 Interest income $ 999 $ — $ 2 $ (1 ) $ 1,000 Interest expense 232 — 1 5 238 Provision for finance receivable losses 263 — — 5 268 Net interest income after provision for finance receivable losses 504 — 1 (11 ) 494 Other revenues 144 12 — — 156 Other expenses 378 6 4 6 394 Income (loss) before income tax expense (benefit) $ 270 $ 6 $ (3 ) $ (17 ) $ 256 Three Months Ended June 30, 2018 Interest income $ 911 $ — $ 5 $ (11 ) $ 905 Interest expense 212 — 5 3 220 Provision for finance receivable losses 261 — (3 ) 2 260 Net interest income after provision for finance receivable losses 438 — 3 (16 ) 425 Other revenues 106 8 — 26 140 Other expenses 390 8 112 12 522 Income (loss) before income tax expense (benefit) $ 154 $ — $ (109 ) $ (2 ) $ 43 (dollars in millions) Consumer and Insurance Acquisitions and Servicing Other Segment to GAAP Adjustment Consolidated Total At or for the Six Months Ended June 30, 2019 Interest income $ 1,953 $ — $ 5 $ (3 ) $ 1,955 Interest expense 462 — 3 8 473 Provision for finance receivable losses 539 — — 15 554 Net interest income after provision for finance receivable losses 952 — 2 (26 ) 928 Other revenues 290 19 2 (7 ) 304 Other expenses 740 13 10 11 774 Income (loss) before income tax expense (benefit) $ 502 $ 6 $ (6 ) $ (44 ) $ 458 Assets $ 18,872 $ — $ 87 $ 2,058 $ 21,017 At or for the Six Months Ended June 30, 2018 Interest income $ 1,784 $ — $ 9 $ (26 ) $ 1,767 Interest expense 406 — 9 5 420 Provision for finance receivable losses 519 — (5 ) — 514 Net interest income after provision for finance receivable losses 859 — 5 (31 ) 833 Other revenues 211 17 (2 ) 51 277 Other expenses 743 16 122 18 899 Income (loss) before income tax expense (benefit) $ 327 $ 1 $ (119 ) $ 2 $ 211 Assets $ 17,258 $ — $ 248 $ 2,134 $ 19,640

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2019 Assets Cash and cash equivalents $ 730 $ 56 $ — $ 786 $ 786 Investment securities 38 1,678 5 1,721 1,721 Net finance receivables, less allowance for finance receivable losses — — 17,831 17,831 16,236 Finance receivables held for sale — — 80 80 74 Restricted cash and restricted cash equivalents 420 — — 420 420 Other assets * — — 12 12 12 Liabilities Long-term debt $ — $ 16,570 $ — $ 16,570 $ 15,551 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 June 30, 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 June 30, 2019 Assets Cash equivalents in mutual funds $ 462 $ — $ — $ 462 Cash equivalents in securities — 56 — 56 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 10 — 10 Obligations of states, municipalities, and political subdivisions — 73 — 73 Certificates of deposit and commercial paper — 73 — 73 Non-U.S. government and government sponsored entities — 145 — 145 Corporate debt — 1,058 2 1,060 RMBS — 120 — 120 CMBS — 67 — 67 CDO/ABS — 89 1 90 Total available-for-sale securities — 1,635 3 1,638 Other securities Bonds: Non-U.S. government and government sponsored entities — 1 — 1 Corporate debt — 33 1 34 RMBS — 1 — 1 CDO/ABS — 5 — 5 Total bonds — 40 1 41 Preferred stock 13 3 — 16 Common stock 25 — — 25 Other long-term investments — — 1 1 Total other securities 38 43 2 83 Total investment securities 38 1,678 5 1,721 Restricted cash in mutual funds 417 — — 417 Total $ 917 $ 1,734 $ 5 $ 2,656 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 ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Schedule of Equity Method Investments [Line Items]
Non-cash incentive compensation			$ 0	$ 110
Apollo-Värde Group
Schedule of Equity Method Investments [Line Items]
Non-cash incentive compensation	$ 106	$ 4
Affiliates of Fortress or AIG
Schedule of Equity Method Investments [Line Items]
Non-cash incentive compensation		$ 4
Majority Shareholder
Schedule of Equity Method Investments [Line Items]
Ownership percentage by Initial Stockholder			40.40%

Finance Receivables - Narrative

Finance Receivables - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables held for sale	$ 74,000,000	$ 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	50.00%	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	Jun. 30, 2019	Dec. 31, 2018
Financing receivable general information
Gross receivables	$ 16,808	$ 15,978
Unearned points and fees	(218)	(201)
Accrued finance charges	254	253
Deferred origination costs	136	134
Total	$ 16,980	$ 16,164

Finance Receivables - Delinquen

Finance Receivables - Delinquent and Nonperforming Finance Receivables (Details) - Personal Loans - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Delinquency by finance receivables type
Net finance receivables	$ 16,980	$ 16,164
Performing
Delinquency by finance receivables type
Net finance receivables	16,689	15,801
Performing | Current
Delinquency by finance receivables type
Net finance receivables	16,325	15,411
Performing | 30-59 days past due
Delinquency by finance receivables type
Net finance receivables	220	229
Performing | 60-89 days past due
Delinquency by finance receivables type
Net finance receivables	144	161
Nonperforming
Delinquency by finance receivables type
Net finance receivables	291	363
Nonperforming | 90-179 days past due
Delinquency by finance receivables type
Net finance receivables	284	355
Nonperforming | 180 days or more past due
Delinquency by finance receivables type
Net finance receivables	$ 7	$ 8

Finance Receivables - Purchased

Finance Receivables - Purchased Credit Impaired Finance Receivables HFI (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Real Estate Loans - Held for Sale
Financing Receivable, Impaired [Line Items]
Carrying amount, net of allowance	$ 21	$ 28
Outstanding balance	38	48
Personal Loans
Financing Receivable, Impaired [Line Items]
Carrying amount, net of allowance	58	89
Outstanding balance	100	135
Allowance for purchased credit impaired finance receivable losses	$ 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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Real Estate Loans - Held for Sale
Changes in accretable yield for purchased credit impaired finance receivables
Balance at beginning of period	$ 23	$ 52	$ 27	$ 53
Accretion	0	(1)	(1)	(2)
Transfer due to finance receivables sold	0	0	(3)	0
Balance at end of period	23	51	23	51
Personal Loans
Changes in accretable yield for purchased credit impaired finance receivables
Balance at beginning of period	34	49	39	47
Accretion	(4)	(8)	(9)	(14)
Reclassifications from nonaccretable difference	16	11	16	19
Balance at end of period	$ 46	$ 52	$ 46	$ 52

Finance Receivables - TDR Finan

Finance Receivables - TDR Finance Receivable HFI and HFS (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Real Estate Loans - Held for Sale
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR gross receivables, held for sale	$ 56	$ 89
TDR net receivables, held for sale	57	75
Personal Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR gross receivables	546	450
TDR net receivables	549	453
Allowance for TDR finance receivable losses	$ 227	$ 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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR average net receivables	$ 585	$ 504	$ 563	$ 490
TDR finance charges recognized	13	13	25	26
Personal Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR average net receivables	527	367	502	352
TDR finance charges recognized	12	11	23	22
Other Receivables
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR average net receivables	58	137	61	138
TDR finance charges recognized	1	2	2	4
TDR average net receivables, held for sale	58	88	61	89
TDR finance charges recognized, held for sale	$ 1	$ 2	$ 2	$ 3

Finance Receivables - New Volum

Finance Receivables - New Volume of TDR HFI & HFS Finance Receivables (Details) - Personal Loans $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)account	Jun. 30, 2018USD ($)account	Jun. 30, 2019USD ($)account	Jun. 30, 2018USD ($)account
Financing Receivable, Troubled Debt Restructuring [Line Items]
Pre-modification TDR net finance receivables	$ 124	$ 84	$ 244	$ 179
Total post-modification TDR net finance receivables	$ 124	$ 84	$ 244	$ 179
Number of TDR accounts | account	18,307	12,778	36,813	27,508
Rate reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total post-modification TDR net finance receivables	$ 85	$ 63	$ 170	$ 132
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total post-modification TDR net finance receivables	$ 39	$ 21	$ 74	$ 47

Finance Receivables - Modified

Finance Receivables - Modified as TDR - Non Performing Finance Receivables (Details) - Personal Loans $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)account	Jun. 30, 2018USD ($)account	Jun. 30, 2019USD ($)account	Jun. 30, 2018USD ($)account
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR net finance receivables | $	$ 21	$ 18	$ 40	$ 35
Number of TDR accounts | account	3,171	2,622	6,096	5,341

Allowance for Finance Receiva_3

Allowance for Finance Receivable Losses - Changes in Allowance by Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 733	$ 689	$ 731	$ 697
Provision for finance receivable losses	268	260	554	514
Charge-offs	(290)	(278)	(601)	(568)
Recoveries	33	31	60	59
Balance at end of period	744	702	744	702
Personal Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	733	665	731	673
Provision for finance receivable losses	268	261	554	515
Charge-offs	(290)	(278)	(601)	(567)
Recoveries	33	30	60	57
Balance at end of period	744	678	744	678
Other Receivables
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	0	24	0	24
Provision for finance receivable losses	0	(1)	0	(1)
Charge-offs	0	0	0	(1)
Recoveries	0	1	0	2
Balance at end of period	$ 0	$ 24	$ 0	$ 24

Allowance for Finance Receiva_4

Allowance for Finance Receivable Losses - By Type and Impairment Method (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Allowance for finance receivable losses:
Total	$ 744	$ 731	$ 733	$ 702	$ 689	$ 697
Personal Loans
Allowance for finance receivable losses:
Collectively evaluated for impairment	517	561
Purchased credit impaired finance receivables	0	0
TDR finance receivables	227	170
Total	744	731	$ 733	$ 678	$ 665	$ 673
Finance receivables:
Collectively evaluated for impairment	16,373	15,622
Purchased credit impaired finance receivables	16,980	16,164
TDR finance receivables	549	453
Net finance receivables	$ 16,980	$ 16,164
Allowance for finance receivable losses as a percentage of finance receivables	4.38%	4.52%
Personal Loans | Purchased credit impaired finance receivables
Finance receivables:
Purchased credit impaired finance receivables	$ 58	$ 89
Net finance receivables	$ 58	$ 89

Finance Receivables Held for _2

Finance Receivables Held for Sale (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Feb. 28, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables held for sale		$ 74		$ 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	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	$ 1,598	$ 1,643
Unrealized Gains	41	3
Unrealized Losses	(1)	(39)
Fair Value	1,638	1,607
U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	10	21
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	10	21
Obligations of states, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	72	91
Unrealized Gains	1	0
Unrealized Losses	0	(1)
Fair Value	73	90
Certificates of deposit and commercial paper
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	73	63
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	73	63
Non-U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	141	145
Unrealized Gains	4	0
Unrealized Losses	0	(2)
Fair Value	145	143
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	1,029	1,027
Unrealized Gains	32	2
Unrealized Losses	(1)	(32)
Fair Value	1,060	997
RMBS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	118	130
Unrealized Gains	2	0
Unrealized Losses	0	(2)
Fair Value	120	128
CMBS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	67	72
Unrealized Gains	0	0
Unrealized Losses	0	(1)
Fair Value	67	71
CDO/ABS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	88	94
Unrealized Gains	2	1
Unrealized Losses	0	(1)
Fair Value	$ 90	$ 94

Investment Securities - Fair Va

Investment Securities - Fair Value and Unrealized Losses on AFS Investment Securities (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Fair Value
Less Than 12 Months	$ 62	$ 460
12 Months or Longer	152	783
Total	214	1,243
Unrealized Losses
Less Than 12 Months	0	(15)
12 Months or Longer	(1)	(24)
Total	(1)	(39)
U.S. government and government sponsored entities
Fair Value
Less Than 12 Months	0	3
12 Months or Longer	3	16
Total	3	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	0	10
12 Months or Longer	9	57
Total	9	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	7	19
12 Months or Longer	26	97
Total	33	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	40	377
12 Months or Longer	65	448
Total	105	825
Unrealized Losses
Less Than 12 Months	0	(14)
12 Months or Longer	(1)	(18)
Total	(1)	(32)
RMBS
Fair Value
Less Than 12 Months	0	23
12 Months or Longer	24	78
Total	24	101
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	(2)
Total	0	(2)
CMBS
Fair Value
Less Than 12 Months	3	10
12 Months or Longer	19	54
Total	22	64
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	(1)
Total	0	(1)
CDO/ABS
Fair Value
Less Than 12 Months	12	18
12 Months or Longer	6	33
Total	18	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		6 Months Ended
	Jun. 30, 2019USD ($)investment	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)investment	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)investment
Debt Securities, Available-for-sale [Line Items]
Investment securities in an unrealized loss position | investment	469		469		1,767
Other-than-temporary impairments on investment securities that are intend to be sold	$ 0
Proceeds from sales and redemptions	180	$ 69	$ 209	$ 140
Net realized gains (losses)	0	0	0	0
Fair value of bonds on deposit	525		525		$ 515
Net unrealized gains (losses) on other securities sold or redeemed (less than for three months ended June 30, 2018)	0	0	5	(3)
Net realized gains (losses) on other securities sold or redeemed	0	$ 0	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	Jun. 30, 2019	Dec. 31, 2018
Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities:
Due in 1 year or less	$ 243
Due after 1 year through 5 years	530
Due after 5 years through 10 years	445
Due after 10 years	143
Mortgage-backed, asset-backed, and collateralized securities	277
Total	1,638	$ 1,607
Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities:
Due in 1 year or less	243
Due after 1 year through 5 years	520
Due after 5 years through 10 years	427
Due after 10 years	135
Mortgage-backed, asset-backed, and collateralized securities	273
Cost/ Amortized Cost	$ 1,598	$ 1,643

Investment Securities - Fair _2

Investment Securities - Fair Value of Other Securities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt and Equity Securities, FV-NI [Line Items]
Debt Securities, Trading, Unrealized Gain (Loss)	$ 0	$ 0	$ 5	$ (3)
Bonds	41		41		$ 46
Other long-term investments	1		1		1
Total	83		83		87
Non-U.S. government and government sponsored entities
Debt and Equity Securities, FV-NI [Line Items]
Bonds	1		1		1
Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Bonds	34		34		43
Mortgage-backed, asset-backed, and collateralized bonds
Debt and Equity Securities, FV-NI [Line Items]
Bonds	6		6		2
Preferred stock
Debt and Equity Securities, FV-NI [Line Items]
Trading security, equity	16		16		19
Common stock
Debt and Equity Securities, FV-NI [Line Items]
Trading security, equity	$ 25		$ 25		$ 21

Long-term Debt - Principal Matu

Long-term Debt - Principal Maturities of Long-Term Debt (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Principal maturities of long-term debt by type of debt
Remainder of 2019	$ 0
2020	1,000,000,000
2021	646,000,000
2022	1,000,000,000
2023	1,175,000,000
2024-2067	4,999,000,000
Securitizations	7,083,000,000
Total principal maturities	15,903,000,000
Total carrying amount	15,551,000,000	$ 15,178,000,000
Debt issuance costs	(101,000,000)
Consolidated VIEs
Principal maturities of long-term debt by type of debt
Total carrying amount	7,100,000,000	$ 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	7,083,000,000
Total principal maturities	7,083,000,000
Total carrying amount	7,057,000,000
Debt issuance costs	(25,000,000)
Debt issuance costs	$ 29,000,000
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	$ 0
2020	1,000,000,000
2021	646,000,000
2022	1,000,000,000
2023	1,175,000,000
2024-2067	4,649,000,000
Securitizations	0
Total principal maturities	8,470,000,000
Total carrying amount	8,322,000,000
Debt issuance costs	$ (76,000,000)
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	4.35%
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	4.35%
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	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jul. 02, 2019	May 09, 2019	Mar. 15, 2019	Feb. 22, 2019
Debt Instrument [Line Items]
Net loss on repurchases and repayments of debt			$ 12,000,000	$ 7,000,000	$ 33,000,000	$ 8,000,000
SFC | Senior Debt | 6.625% SFC Notes due 2028
Debt Instrument [Line Items]
Interest rate								6.625%
Debt instrument, face amount								$ 800,000,000
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 | 6.125% SFC Notes due 2024 | Subsequent Event
Debt Instrument [Line Items]
Interest rate							6.125%
Debt instrument, face amount							$ 300,000,000
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%
Aggregate amount paid, inclusive of accrued interest and premiums	$ 317,000,000
Net loss on repurchases and repayments of debt			$ 11,000,000		$ 11,000,000

Variable Interest Entities - Ca

Variable Interest Entities - Carrying Amount of Consolidated VIEs (Details) - Consolidated VIEs - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Cash and cash equivalents
Variable Interest Entity [Line Items]
Assets	$ 1	$ 2
Finance receivables - Personal loans | Finance receivables - Personal loans
Variable Interest Entity [Line Items]
Assets	7,999	8,480
Allowance for finance receivable losses
Variable Interest Entity [Line Items]
Assets	369	444
Restricted cash and restricted cash equivalents
Variable Interest Entity [Line Items]
Assets	409	479
Other assets
Variable Interest Entity [Line Items]
Assets	29	26
Long-term debt
Variable Interest Entity [Line Items]
Liabilities	7,057	7,510
Other liabilities
Variable Interest Entity [Line Items]
Liabilities	$ 14	$ 14

Variable Interest Entities - Co

Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Variable Interest Entity [Line Items]
Interest expense	$ 238	$ 220	$ 473	$ 420
Consolidated VIEs
Variable Interest Entity [Line Items]
Interest expense	$ 82	$ 87	$ 164	$ 173

Variable Interest Entities - Se

Variable Interest Entities - Securitized Borrowings (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total carrying amount	$ 15,551	$ 15,178
Consolidated VIEs
Debt Instrument [Line Items]
Total carrying amount	$ 7,100	$ 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)	6 Months Ended
	Jun. 30, 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	13
Total borrowing capacity	$ 6,700,000,000
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	9 years

Insurance (Details)

Insurance (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 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	111	102
Prior years	15	5
Total	96	97
Reductions for losses and loss adjustment expenses paid related to:
Current year	(50)	(47)
Prior years	(48)	(51)
Total	(98)	(98)
Net balance at end of period	111	130
Plus reinsurance recoverables	3	4
Transfer of reserves	0	(19)
Balance at end of period	114	115
Shortfall (redundancy) in prior years’ net reserves	$ (15)	$ (5)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator (basic and diluted):
Net income attributable to OneMain Holdings, Inc.	$ 194	$ 7	$ 346	$ 131
Denominator:
Weighted average number of shares outstanding (basic) (in shares)	136,083,993	135,678,914	136,043,221	135,637,825
Effect of dilutive securities (in shares)	164,820	290,131	177,053	295,574
Weighted average number of shares outstanding (diluted) (in shares)	136,248,813	135,969,045	136,220,274	135,933,399
Earnings per share:
Basic (in dollars per share)	$ 1.43	$ 0.05	$ 2.54	$ 0.96
Diluted (in dollars per share)	$ 1.42	$ 0.05	$ 2.54	$ 0.96
Performance-based shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded in the diluted earnings per share calculation	195,944	45,467	161,563	71,314
Service-based shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded in the diluted earnings per share calculation	52,046	159,698	191,729	240,467

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	$ 3,950	$ 3,382	$ 3,799	$ 3,278
Other comprehensive income (loss) before reclassifications	30	(11)	62	(34)
Impact of AOCI reclassification due to the Tax Act		2		2
Balance at end of period	4,141	3,489	4,141	3,489
Unrealized Gains (Losses) Available-for-Sale Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	2	(16)	(28)	4
Other comprehensive income (loss) before reclassifications	28	(10)	58	(30)
Impact of AOCI reclassification due to the Tax Act		2		2
Balance at end of period	30	(24)	30	(24)
Retirement Plan Liabilities Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(3)	4	(3)	4
Other comprehensive income (loss) before reclassifications	0	2	0	2
Impact of AOCI reclassification due to the Tax Act		(3)		(3)
Balance at end of period	(3)	3	(3)	3
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(1)	0	(3)	3
Other comprehensive income (loss) before reclassifications	2	(3)	4	(6)
Impact of AOCI reclassification due to the Tax Act		3		3
Balance at end of period	1	0	1	0
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(2)	(12)	(34)	11
Balance at end of period	$ 28	$ (21)	$ 28	$ (21)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Net deferred tax asset	$ 89		$ 129
Decrease in net deferred tax asset	$ 40
Effective tax rate	24.50%	38.00%
Gross unrecognized tax benefits	$ 13		$ 17

Leases and Contingencies - Leas

Leases and Contingencies - Leases Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Operating leases remaining lease terms	3 years 10 months 24 days	3 years 10 months 24 days
Operating right-of-use asset balance	$ 165	$ 165
Operating lease liability balance	178	178
Operating lease costs	15	32
Variable lease costs	4	8
Sublease income	$ 0	$ 0
Rent expense			$ 74
Maximum
Lessee, Lease, Description [Line Items]
Operating leases remaining lease terms	10 years	10 years

Leases and Contingencies - Matu

Leases and Contingencies - Maturities of Lease Liabilities (Details) $ in Millions	Jun. 30, 2019USD ($)
Operating Leases
2019 (excluding the six months ended June 30, 2019)	$ 31
2020	57
2021	46
2022	32
2023	18
2024	8
Thereafter	7
Total lease payments	199
Imputed interest	(21)
Total	$ 178

Leases and Contingencies - Weig

Leases and Contingencies - Weighted Average Remaining Lease Term and Discount Rate (Details)	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Weighted Average Remaining Lease Term	3 years 10 months 24 days
Weighted Average Discount Rate	3.76%

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	Jun. 30, 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		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)	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	$ 1,000	$ 905	$ 1,955	$ 1,767
Interest expense	238	220	473	420
Provision for finance receivable losses	268	260	554	514
Net interest income (loss) after provision for finance receivable losses	494	425	928	833
Other revenues	156	140	304	277
Other expenses	394	522	774	899
Income (loss) before income tax expense (benefit)	256	43	458	211
Assets	21,017	19,640	21,017	19,640	$ 20,090
Operating segments | Consumer and Insurance
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	999	911	1,953	1,784
Interest expense	232	212	462	406
Provision for finance receivable losses	263	261	539	519
Net interest income (loss) after provision for finance receivable losses	504	438	952	859
Other revenues	144	106	290	211
Other expenses	378	390	740	743
Income (loss) before income tax expense (benefit)	270	154	502	327
Assets	18,872	17,258	18,872	17,258
Operating segments | Acquisitions and Servicing
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	0	0	0	0
Interest expense	0	0	0	0
Provision for finance receivable losses	0	0	0	0
Net interest income (loss) after provision for finance receivable losses	0	0	0	0
Other revenues	12	8	19	17
Other expenses	6	8	13	16
Income (loss) before income tax expense (benefit)	6	0	6	1
Assets	0	0	0	0
Other
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	2	5	5	9
Interest expense	1	5	3	9
Provision for finance receivable losses	0	(3)	0	(5)
Net interest income (loss) after provision for finance receivable losses	1	3	2	5
Other revenues	0	0	2	(2)
Other expenses	4	112	10	122
Income (loss) before income tax expense (benefit)	(3)	(109)	(6)	(119)
Assets	87	248	87	248
Segment to GAAP Adjustment
Information about segments as well as reconciliations to consolidated financial statement amounts
Interest income	(1)	(11)	(3)	(26)
Interest expense	5	3	8	5
Provision for finance receivable losses	5	2	15	0
Net interest income (loss) after provision for finance receivable losses	(11)	(16)	(26)	(31)
Other revenues	0	26	(7)	51
Other expenses	6	12	11	18
Income (loss) before income tax expense (benefit)	(17)	(2)	(44)	2
Assets	$ 2,058	$ 2,134	$ 2,058	$ 2,134

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value & Carrying Value Hierarchy Basis (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Assets
Restricted cash and restricted cash equivalents	$ 420	$ 499	$ 587
Total Fair Value
Assets
Cash and cash equivalents	786	679
Investment securities	1,721	1,694
Net finance receivables, less allowance for finance receivable losses	17,831	16,734
Finance receivables held for sale	80	103
Restricted cash and restricted cash equivalents	420	499
Other assets	12	16
Liabilities
Long-term debt	16,570	15,041
Total Carrying Value
Assets
Cash and cash equivalents	786	679
Investment securities	1,721	1,694
Net finance receivables, less allowance for finance receivable losses	16,236	15,433
Finance receivables held for sale	74	103
Restricted cash and restricted cash equivalents	420	499
Other assets	12	16
Liabilities
Long-term debt	15,551	15,178
Level 1
Assets
Cash and cash equivalents	730	618
Investment securities	38	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	420	499
Other assets	0	0
Liabilities
Long-term debt	0	0
Level 2
Assets
Cash and cash equivalents	56	61
Investment securities	1,678	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	16,570	15,041
Level 3
Assets
Cash and cash equivalents	0	0
Investment securities	5	5
Net finance receivables, less allowance for finance receivable losses	17,831	16,734
Finance receivables held for sale	80	103
Restricted cash and restricted cash equivalents	0	0
Other assets	12	15
Liabilities
Long-term debt	$ 0	$ 0

Fair Value Measurements - Asset

Fair Value Measurements - Assets at Fair Value Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Investment securities:
Available-for-sale securities	$ 1,638	$ 1,607
Other securities	83	87
U.S. government and government sponsored entities
Investment securities:
Available-for-sale securities	10	21
Obligations of states, municipalities, and political subdivisions
Investment securities:
Available-for-sale securities	73	90
Certificates of deposit and commercial paper
Investment securities:
Available-for-sale securities	73	63
Corporate debt
Investment securities:
Available-for-sale securities	1,060	997
RMBS
Investment securities:
Available-for-sale securities	120	128
CMBS
Investment securities:
Available-for-sale securities	67	71
CDO/ABS
Investment securities:
Available-for-sale securities	90	94
Level 1
Assets
Cash equivalents in securities	730	618
Investment securities:
Total investment securities	38	34
Level 2
Assets
Cash equivalents in securities	56	61
Investment securities:
Total investment securities	1,678	1,655
Level 3
Assets
Cash equivalents in securities	0	0
Investment securities:
Total investment securities	5	5
Fair Value, Measurements, Recurring
Assets
Cash equivalents in mutual funds	462	426
Cash equivalents in securities	56	61
Investment securities:
Available-for-sale securities	1,638	1,607
Other securities	83	87
Total investment securities	1,721	1,694
Restricted cash in mutual funds	417	482
Total	2,656	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	10	21
Fair Value, Measurements, Recurring | Obligations of states, municipalities, and political subdivisions
Investment securities:
Available-for-sale securities	73	90
Fair Value, Measurements, Recurring | Certificates of deposit and commercial paper
Investment securities:
Available-for-sale securities	73	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	1,060	997
Other securities	34	43
Fair Value, Measurements, Recurring | RMBS
Investment securities:
Available-for-sale securities	120	128
Other securities	1	1
Fair Value, Measurements, Recurring | CMBS
Investment securities:
Available-for-sale securities	67	71
Fair Value, Measurements, Recurring | CDO/ABS
Investment securities:
Available-for-sale securities	90	94
Other securities	5	1
Fair Value, Measurements, Recurring | Preferred stock
Investment securities:
Other securities	16	19
Fair Value, Measurements, Recurring | Common stock
Investment securities:
Other securities	25	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	462	426
Cash equivalents in securities	0	0
Investment securities:
Available-for-sale securities	0	0
Other securities	38	34
Total investment securities	38	34
Restricted cash in mutual funds	417	482
Total	917	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	25	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	56	61
Investment securities:
Available-for-sale securities	1,635	1,604
Other securities	43	51
Total investment securities	1,678	1,655
Restricted cash in mutual funds	0	0
Total	1,734	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	10	21
Fair Value, Measurements, Recurring | Level 2 | Obligations of states, municipalities, and political subdivisions
Investment securities:
Available-for-sale securities	73	90
Fair Value, Measurements, Recurring | Level 2 | Certificates of deposit and commercial paper
Investment securities:
Available-for-sale securities	73	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	1,058	995
Other securities	33	42
Fair Value, Measurements, Recurring | Level 2 | RMBS
Investment securities:
Available-for-sale securities	120	128
Other securities	1	1
Fair Value, Measurements, Recurring | Level 2 | CMBS
Investment securities:
Available-for-sale securities	67	71
Fair Value, Measurements, Recurring | Level 2 | CDO/ABS
Investment securities:
Available-for-sale securities	89	93
Other securities	5	1
Fair Value, Measurements, Recurring | Level 2 | Preferred stock
Investment securities:
Other securities	3	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	3	3
Other securities	2	2
Total investment securities	5	5
Restricted cash in mutual funds	0	0
Total	5	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	1	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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Non-recurring basis
Assets and liabilities measured at fair value
Net impairment charges	$ 0	$ 0	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Aug. 01, 2019	Jul. 29, 2019	Jun. 30, 2019	Mar. 31, 2019	Jul. 02, 2019	Feb. 22, 2019
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)			$ 0.25	$ 0.25
SFC | Senior Debt | 6.125% SFC Notes due 2024
Subsequent Event [Line Items]
Interest rate						6.125%
Debt instrument, face amount						$ 1,000,000,000
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)		$ 2.25
Subsequent Event | Quarterly Dividend
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)		0.25
Subsequent Event | Special Dividend
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)		$ 2
Subsequent Event | Asset-Based Notes | OMFIT 2019-A
Subsequent Event [Line Items]
Debt instrument, face amount	$ 789,000,000
Revolving period	7 years
Notes retained	$ 39,000,000
Percentage retained of initial note balance	5.00%
Subsequent Event | SFC | Senior Debt | 6.125% SFC Notes due 2024
Subsequent Event [Line Items]
Interest rate					6.125%
Debt instrument, face amount					$ 300,000,000