OneMain (OMF) 10-K 11 Feb 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2021	Jan. 31, 2022	Jun. 30, 2021
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 5,822,280,260
Entity Common Stock, Shares Outstanding		127,459,360
Documents Incorporated by Reference	The information required by Part III (Items 10, 11, 12, 13, and 14) of this Annual Report on Form 10-K is incorporated by reference from OneMain Holdings, Inc.'s Definitive Proxy Statement for its 2022 Annual Meeting to be filed with the Securities and Exchange Commission pursuant to Regulation 14A.
Entity Central Index Key	0001584207
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
OMFC
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-06155
Entity Registrant Name	ONEMAIN FINANCE CORPORATION
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-0416090
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
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,160,021
Documents Incorporated by Reference	The information required by Part III (Items 10, 11, 12, 13, and 14) of this Annual Report on Form 10-K is incorporated by reference from OneMain Holdings, Inc.'s Definitive Proxy Statement for its 2022 Annual Meeting to be filed with the Securities and Exchange Commission pursuant to Regulation 14A.
Entity Central Index Key	0000025598
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Auditor [Line Items]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Firm ID	238
Auditor Location	Dallas, Texas
OMFC
Auditor [Line Items]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Firm ID	238
Auditor Location	Dallas, Texas

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 541	$ 2,272
Investment securities (includes available-for-sale securities with a fair value and an amortized cost basis of $1.9 billion and $1.8 billion in 2021, respectively, and $1.8 billion and $1.7 billion in 2020, respectively)	1,992	1,922
Net finance receivables (includes loans of consolidated VIEs of $8.8 billion in 2021 and 2020)	19,212	18,084
Unearned insurance premium and claim reserves	(761)	(771)
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $910 million in 2021 and $1.1 billion in 2020)	(2,095)	(2,269)
Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses	16,356	15,044
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $466 million in 2021 and $441 million in 2020)	476	451
Goodwill	1,437	1,422
Other intangible assets	274	306
Other assets	1,003	1,054
Total assets	22,079	22,471
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $8.0 billion in 2021 and $7.8 billion in 2020)	17,750	17,800
Insurance claims and policyholder liabilities	621	621
Deferred and accrued taxes	1	45
Other liabilities (includes other liabilities of consolidated VIEs of $13 million in 2021 and $15 million in 2020)	614	564
Total liabilities	18,986	19,030
Contingencies (Note 14)
Shareholders’ equity:
Common stock, par value $0.01 per share; 2,000,000,000 shares authorized, 127,809,640 and 134,341,724 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	1	1
Additional paid-in capital	1,672	1,655
Accumulated other comprehensive income	61	94
Retained earnings	1,727	1,691
Treasury stock, at cost; 6,712,923 shares at December 31, 2021 and no shares at December 31, 2020, respectively	(368)	0
Total shareholders’ equity	3,093	3,441
Total liabilities and shareholders’ equity	$ 22,079	$ 22,471

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Investment securities, fair value	$ 1,907	$ 1,847
Investment securities, amortized cost basis	1,842	1,728
Net finance receivables	19,212	18,084
Financing receivable, allowance for credit loss	2,095	2,269
Restricted cash and restricted cash equivalents	476	451
Long-term debt	17,750	17,800
Other liabilities	$ 614	$ 564
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)	127,809,640	134,341,724
Common stock, shares outstanding (in shares)	127,809,640	134,341,724
Treasury stock, shares (in shares)	6,712,923	0
Consolidated VIEs
Net finance receivables	$ 8,821	$ 8,772
Financing receivable, allowance for credit loss	910	1,085
Restricted cash and restricted cash equivalents	466	441
Long-term debt	7,999	7,789
Other liabilities	$ 13	$ 15

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Interest income	$ 4,364	$ 4,368	$ 4,127
Interest expense	937	1,027	970
Net interest income	3,427	3,341	3,157
Provision for finance receivable losses	593	1,319	1,129
Net interest income after provision for finance receivable losses	2,834	2,022	2,028
Other revenues:
Insurance	434	443	460
Investment	65	75	95
Net loss on repurchases and repayments of debt	(78)	(39)	(35)
Other	110	47	102
Total other revenues	531	526	622
Other expenses:
Salaries and benefits	839	756	808
Other operating expenses	609	573	559
Insurance policy benefits and claims	176	242	185
Total other expenses	1,624	1,571	1,552
Income before income taxes	1,741	977	1,098
Income taxes	427	247	243
Net income	$ 1,314	$ 730	$ 855
Weighted average number of shares outstanding:
Basic (in shares)	132,653,889	134,716,012	136,070,837
Diluted (in shares)	133,054,494	134,919,258	136,326,911
Earnings per share:
Basic (in dollars per share)	$ 9.90	$ 5.42	$ 6.28
Diluted (in dollars per share)	$ 9.87	$ 5.41	$ 6.27

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 1,314	$ 730	$ 855
Other comprehensive income (loss):
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	(53)	66	88
Retirement plan liability adjustments	(1)	(2)	7
Foreign currency translation adjustments	1	2	5
Other	11	0	0
Income tax effect:
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	12	(15)	(20)
Retirement plan liability adjustments	1	0	(1)
Foreign currency translation adjustments	0	0	(2)
Other	(3)	0	0
Other comprehensive income (loss), net of tax, before reclassification adjustments	(32)	51	77
Net realized gains (losses) on available-for-sale securities, net of tax	(1)	(1)	1
Reclassification adjustments included in net income, net of tax	(1)	(1)	1
Other comprehensive income (loss), net of tax	(33)	50	78
Comprehensive income	$ 1,281	$ 780	$ 933

Consolidated Statements of Shar

Consolidated Statements of Shareholders’ Equity - USD ($) $ in Millions		Total	Net impact of adoption of ASU 2016-13	[2]	Balance post-adoption	Common Stock	Common StockBalance post-adoption	Additional Paid-in Capital	Additional Paid-in CapitalBalance post-adoption	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)Balance post-adoption	Retained Earnings	Retained EarningsNet impact of adoption of ASU 2016-13	[2]	Retained EarningsBalance post-adoption	Treasury Stock	Treasury StockBalance post-adoption
Balance at beginning of period at Dec. 31, 2018		$ 3,799				$ 1		$ 1,681		$ (34)		$ 2,151				$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]		Accounting Standards Update 2016-13 [Member]
Share-based compensation expense, net of forfeitures		$ 13						13
Withholding tax on share-based compensation		(5)						(5)
Other comprehensive income (loss), net of tax		78								78
Cash dividends	[1]	(410)										(410)
Net income		855										855
Balance at end of period at Dec. 31, 2019		4,330	$ (828)		$ 3,502	1	$ 1	1,689	$ 1,689	44	$ 44	2,596	$ (828)		$ 1,768	0	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock repurchased	[3]	(45)						(45)
Share-based compensation expense, net of forfeitures		17						17
Withholding tax on share-based compensation		(6)						(6)
Other comprehensive income (loss), net of tax		50								50
Cash dividends	[1]	(807)										(807)
Net income		730										730
Balance at end of period at Dec. 31, 2020		3,441				1		1,655		94		1,691				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock repurchased		(368)														(368)
Share-based compensation expense, net of forfeitures		23						23
Withholding tax on share-based compensation		(6)						(6)
Other comprehensive income (loss), net of tax		(33)								(33)
Cash dividends	[1]	(1,278)										(1,278)
Net income		1,314										1,314
Balance at end of period at Dec. 31, 2021		$ 3,093				$ 1		$ 1,672		$ 61		$ 1,727				$ (368)
[1]	Cash dividends declared were $9.55 per share, $5.94 per share, and $3.00 per share in 2021, 2020, and 2019, respectively.
[2]	As a result of the adoption of ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments , on January 1, 2020, we recorded a one-time cumulative reduction to retained earnings, net of tax.
[3]	The common stock repurchased was retired in 2020.

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders’ Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 9.55	$ 5.94	$ 3

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 1,314	$ 730	$ 855
Reconciling adjustments:
Provision for finance receivable losses	593	1,319	1,129
Depreciation and amortization	264	264	271
Deferred income tax charge (benefit)	78	(42)	1
Net loss on repurchases and repayments of debt	78	39	35
Share-based compensation expense, net of forfeitures	23	17	13
Gain on sales of finance receivables	(47)	0	0
Other	(8)	3	(9)
Cash flows due to changes in other assets and other liabilities	(48)	(118)	67
Net cash provided by operating activities	2,247	2,212	2,362
Cash flows from investing activities
Net principal originations and purchases of finance receivables	(2,514)	(748)	(3,305)
Proceeds from sales of finance receivables	560	0
Available-for-sale securities purchased	(517)	(456)	(718)
Available-for-sale securities called, sold, and matured	404	478	574
Other securities purchased	(708)	(538)	(18)
Other securities called, sold, and matured	701	542	31
Other, net	(69)	(29)	7
Net cash used for investing activities	(2,143)	(751)	(3,429)
Cash flows from financing activities
Proceeds from issuance of long-term debt, net of issuance costs	3,759	7,279	5,895
Repayment of long-term debt	(3,921)	(6,792)	(3,961)
Cash dividends	(1,274)	(806)	(408)
Common stock repurchased	(368)	(45)	0
Withholding tax on share-based compensation	(6)	(6)	(5)
Net cash provided by (used for) financing activities	(1,810)	(370)	1,521
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents	(1,706)	1,091	454
Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period	2,723	1,632	1,178
Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period	1,017	2,723	1,632
Supplemental cash flow information
Cash and cash equivalents	541	2,272	1,227
Restricted cash and restricted cash equivalents	476	451	405
Total cash and cash equivalents and restricted cash and restricted cash equivalents	1,017	2,723	1,632
Interest paid	(891)	(978)	(845)
Income taxes paid	(403)	(289)	(261)
Cash paid for amounts included in the measurement of operating lease liabilities	(58)	(57)	(58)
Right-of-use assets obtained in exchange for operating lease obligations	$ 43	$ 47	$ 233

Consolidated Balance Sheets - O

Consolidated Balance Sheets - OMFC - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 541	$ 2,272
Investment securities (includes available-for-sale securities with a fair value and an amortized cost basis of $1.9 billion and $1.8 billion in 2021, respectively, and $1.8 billion and $1.7 billion in 2020, respectively)	1,992	1,922
Net finance receivables (includes loans of consolidated VIEs of $8.8 billion in 2021 and 2020)	19,212	18,084
Unearned insurance premium and claim reserves	(761)	(771)
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $910 million in 2021 and $1.1 billion in 2020)	(2,095)	(2,269)
Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses	16,356	15,044
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $466 million in 2021 and $441 million in 2020)	476	451
Goodwill	1,437	1,422
Other intangible assets	274	306
Other assets	1,003	1,054
Total assets	22,079	22,471
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $8.0 billion in 2021 and $7.8 billion in 2020)	17,750	17,800
Insurance claims and policyholder liabilities	621	621
Deferred and accrued taxes	1	45
Other liabilities (includes other liabilities of consolidated VIEs of $13 million in 2021 and $15 million in 2020)	614	564
Total liabilities	18,986	19,030
Contingencies (Note 14)
Shareholders’ equity:
Common stock, par value $0.01 per share; 2,000,000,000 shares authorized, 127,809,640 and 134,341,724 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	1	1
Additional paid-in capital	1,672	1,655
Accumulated other comprehensive income	61	94
Retained earnings	1,727	1,691
Total shareholders’ equity	3,093	3,441
Total liabilities and shareholders’ equity	22,079	22,471
Consolidated VIEs
Assets
Cash and cash equivalents	2	2
Net finance receivables (includes loans of consolidated VIEs of $8.8 billion in 2021 and 2020)	8,821	8,772
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $910 million in 2021 and $1.1 billion in 2020)	(910)	(1,085)
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $466 million in 2021 and $441 million in 2020)	466	441
Other assets	26	33
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $8.0 billion in 2021 and $7.8 billion in 2020)	7,999	7,789
Other liabilities (includes other liabilities of consolidated VIEs of $13 million in 2021 and $15 million in 2020)	13	15
OMFC
Assets
Cash and cash equivalents	510	2,272
Investment securities (includes available-for-sale securities with a fair value and an amortized cost basis of $1.9 billion and $1.8 billion in 2021, respectively, and $1.8 billion and $1.7 billion in 2020, respectively)	1,992	1,922
Net finance receivables (includes loans of consolidated VIEs of $8.8 billion in 2021 and 2020)	19,212	18,084
Unearned insurance premium and claim reserves	(761)	(771)
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $910 million in 2021 and $1.1 billion in 2020)	(2,095)	(2,269)
Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses	16,356	15,044
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $466 million in 2021 and $441 million in 2020)	476	451
Goodwill	1,437	1,422
Other intangible assets	274	306
Other assets	1,001	1,054
Total assets	22,046	22,471
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $8.0 billion in 2021 and $7.8 billion in 2020)	17,750	17,800
Insurance claims and policyholder liabilities	621	621
Deferred and accrued taxes	1	47
Other liabilities (includes other liabilities of consolidated VIEs of $13 million in 2021 and $15 million in 2020)	614	563
Total liabilities	18,986	19,031
Contingencies (Note 14)
Shareholders’ equity:
Common stock, par value $0.01 per share; 2,000,000,000 shares authorized, 127,809,640 and 134,341,724 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	5	5
Additional paid-in capital	1,916	1,899
Accumulated other comprehensive income	61	94
Retained earnings	1,078	1,442
Total shareholders’ equity	3,060	3,440
Total liabilities and shareholders’ equity	22,046	22,471
OMFC | Consolidated VIEs
Assets
Net finance receivables (includes loans of consolidated VIEs of $8.8 billion in 2021 and 2020)	8,800	8,800
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $910 million in 2021 and $1.1 billion in 2020)	(910)	(1,100)
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $466 million in 2021 and $441 million in 2020)	466	441
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $8.0 billion in 2021 and $7.8 billion in 2020)	8,000	7,800
Other liabilities (includes other liabilities of consolidated VIEs of $13 million in 2021 and $15 million in 2020)	$ 13	$ 15

Consolidated Balance Sheets -_2

Consolidated Balance Sheets - OMFC (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Investment securities, fair value	$ 1,907	$ 1,847
Investment securities, amortized cost basis	1,842	1,728
Net finance receivables	19,212	18,084
Financing receivable, allowance for credit loss	2,095	2,269
Restricted cash and restricted cash equivalents	476	451
Long-term debt	17,750	17,800
Other liabilities	$ 614	$ 564
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)	127,809,640	134,341,724
Common stock, shares outstanding (in shares)	127,809,640	134,341,724
OMFC
Investment securities, fair value	$ 1,900	$ 1,800
Investment securities, amortized cost basis	1,800	1,700
Net finance receivables	19,212	18,084
Financing receivable, allowance for credit loss	2,095	2,269
Restricted cash and restricted cash equivalents	476	451
Long-term debt	17,750	17,800
Other liabilities	$ 614	$ 563
Common stock, par value (in dollars per share)	$ 0.50	$ 0.50
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares issued (in shares)	10,160,021	10,160,021
Common stock, shares outstanding (in shares)	10,160,021	10,160,021
Consolidated VIEs
Net finance receivables	$ 8,821	$ 8,772
Financing receivable, allowance for credit loss	910	1,085
Restricted cash and restricted cash equivalents	466	441
Long-term debt	7,999	7,789
Other liabilities	13	15
Consolidated VIEs | OMFC
Net finance receivables	8,800	8,800
Financing receivable, allowance for credit loss	910	1,100
Restricted cash and restricted cash equivalents	466	441
Long-term debt	8,000	7,800
Other liabilities	$ 13	$ 15

Consolidated Statements of Op_2

Consolidated Statements of Operations - OMFC - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest income	$ 4,364	$ 4,368	$ 4,127
Interest expense	937	1,027	970
Net interest income	3,427	3,341	3,157
Provision for finance receivable losses	593	1,319	1,129
Net interest income after provision for finance receivable losses	2,834	2,022	2,028
Other revenues:
Insurance	434	443	460
Investment	65	75	95
Net loss on repurchases and repayments of debt	(78)	(39)	(35)
Other	110	47	102
Total other revenues	531	526	622
Other expenses:
Salaries and benefits	839	756	808
Other operating expenses	609	573	559
Insurance policy benefits and claims	176	242	185
Total other expenses	1,624	1,571	1,552
Income before income taxes	1,741	977	1,098
Income taxes	427	247	243
Net income	1,314	730	855
OMFC
Interest income	4,364	4,368	4,127
Interest expense	937	1,027	972
Net interest income	3,427	3,341	3,155
Provision for finance receivable losses	593	1,319	1,129
Net interest income after provision for finance receivable losses	2,834	2,022	2,026
Other revenues:
Insurance	434	443	460
Investment	65	75	95
Net loss on repurchases and repayments of debt	(78)	(39)	(35)
Other	110	47	109
Total other revenues	531	526	629
Other expenses:
Salaries and benefits	839	756	808
Other operating expenses	609	573	558
Insurance policy benefits and claims	176	242	185
Total other expenses	1,624	1,571	1,551
Income before income taxes	1,741	977	1,104
Income taxes	427	247	246
Net income	$ 1,314	$ 730	$ 858

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income - OMFC - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net income	$ 1,314	$ 730	$ 855
Other comprehensive income (loss):
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	(53)	66	88
Retirement plan liability adjustments	(1)	(2)	7
Foreign currency translation adjustments	1	2	5
Other	11	0	0
Income tax effect:
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	12	(15)	(20)
Retirement plan liability adjustments	1	0	(1)
Foreign currency translation adjustments	0	0	(2)
Other	(3)	0	0
Other comprehensive income (loss), net of tax, before reclassification adjustments	(32)	51	77
Net realized gains (losses) on available-for-sale securities, net of tax	(1)	(1)	1
Reclassification adjustments included in net income, net of tax	(1)	(1)	1
Other comprehensive income (loss), net of tax	(33)	50	78
Comprehensive income	1,281	780	933
OMFC
Net income	1,314	730	858
Other comprehensive income (loss):
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	(53)	66	88
Retirement plan liability adjustments	(1)	(2)	7
Foreign currency translation adjustments	1	2	5
Other	11	0	0
Income tax effect:
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	12	(15)	(20)
Retirement plan liability adjustments	1	0	(1)
Foreign currency translation adjustments	0	0	(2)
Other	(3)	0	0
Other comprehensive income (loss), net of tax, before reclassification adjustments	(32)	51	77
Net realized gains (losses) on available-for-sale securities, net of tax	(1)	(1)	1
Reclassification adjustments included in net income, net of tax	(1)	(1)	1
Other comprehensive income (loss), net of tax	(33)	50	78
Comprehensive income	$ 1,281	$ 780	$ 936

Consolidated Statements of Sh_3

Consolidated Statements of Shareholders’ Equity - OMFC - USD ($) $ in Millions	Total		Net impact of adoption of ASU 2016-13	[2]	Balance post-adoption	Common Stock	Common StockBalance post-adoption	Additional Paid-in Capital	Additional Paid-in CapitalBalance post-adoption	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)Balance post-adoption	Retained Earnings		Retained EarningsNet impact of adoption of ASU 2016-13	[2]	Retained EarningsBalance post-adoption	OMFC	OMFCSMHC	OMFCNet impact of adoption of ASU 2016-13	[3]	OMFCBalance post-adoption	OMFCCommon Stock	OMFCCommon StockBalance post-adoption	OMFCAdditional Paid-in Capital	OMFCAdditional Paid-in CapitalSMHC	OMFCAdditional Paid-in CapitalBalance post-adoption	OMFCAccumulated Other Comprehensive Income (Loss)	OMFCAccumulated Other Comprehensive Income (Loss)Balance post-adoption	OMFCRetained Earnings	OMFCRetained EarningsNet impact of adoption of ASU 2016-13	[3]	OMFCRetained EarningsBalance post-adoption
Balance at beginning of period at Dec. 31, 2018	$ 3,799					$ 1		$ 1,681		$ (34)		$ 2,151					$ 4,021					$ 5		$ 2,110			$ (34)		$ 1,940
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]																Accounting Standards Update 2016-13 [Member]
Merger of SFI with OMFC																	$ (408)							(408)
Cash contribution from OMH																	144							144
Contribution of SCHC to OMFC from SFI																		$ 34							$ 34
Share-based compensation expense, net of forfeitures	$ 13							13									13							13
Withholding tax on share-based compensation	(5)							(5)									(5)							(5)
Other comprehensive income (loss)	78									78							78										78
Cash dividends	(410)	[1]										(410)	[1]				(410)												(410)
Net income	855											855					858												858
Balance at end of period at Dec. 31, 2019	4,330		$ (828)		$ 3,502	1	$ 1	1,689	$ 1,689	44	$ 44	2,596		$ (828)		$ 1,768	4,325		$ (828)		$ 3,497	5	$ 5	1,888		$ 1,888	44	$ 44	2,388	$ (828)		$ 1,560
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense, net of forfeitures	17							17									17							17
Withholding tax on share-based compensation	(6)							(6)									(6)							(6)
Other comprehensive income (loss)	50									50							50										50
Cash dividends	(807)	[1]										(807)	[1]				(848)												(848)
Net income	730											730					730												730
Balance at end of period at Dec. 31, 2020	3,441					1		1,655		94		1,691					3,440					5		1,899			94		1,442
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense, net of forfeitures	23							23									23							23
Withholding tax on share-based compensation	(6)							(6)									(6)							(6)
Other comprehensive income (loss)	(33)									(33)							(33)										(33)
Cash dividends	(1,278)	[1]										(1,278)	[1]				(1,678)												(1,678)
Net income	1,314											1,314					1,314												1,314
Balance at end of period at Dec. 31, 2021	$ 3,093					$ 1		$ 1,672		$ 61		$ 1,727					$ 3,060					$ 5		$ 1,916			$ 61		$ 1,078
[1]	Cash dividends declared were $9.55 per share, $5.94 per share, and $3.00 per share in 2021, 2020, and 2019, respectively.
[2]	As a result of the adoption of ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments , on January 1, 2020, we recorded a one-time cumulative reduction to retained earnings, net of tax.
[3]	As a result of the adoption of ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments on January 1, 2020, we recorded a one-time cumulative reduction to retained earnings, net of tax.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows - OMFC - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 1,314	$ 730	$ 855
Reconciling adjustments:
Provision for finance receivable losses	593	1,319	1,129
Depreciation and amortization	264	264	271
Deferred income tax charge (benefit)	78	(42)	1
Net loss on repurchases and repayments of debt	78	39	35
Share-based compensation expense, net of forfeitures	23	17	13
Gain on sales of finance receivables	(47)	0	0
Other	(8)	3	(9)
Cash flows due to changes in other assets and other liabilities	(48)	(118)	67
Net cash provided by operating activities	2,247	2,212	2,362
Cash flows from investing activities
Net principal originations and purchases of finance receivables	(2,514)	(748)	(3,305)
Proceeds from sales of finance receivables	560	0
Available-for-sale securities purchased	(517)	(456)	(718)
Available-for-sale securities called, sold, and matured	404	478	574
Other securities purchased	(708)	(538)	(18)
Other securities called, sold, and matured	701	542	31
Other, net	(69)	(29)	7
Net cash used for investing activities	(2,143)	(751)	(3,429)
Cash flows from financing activities
Proceeds from issuance of long-term debt, net of issuance costs	3,759	7,279	5,895
Repayment of long-term debt	(3,921)	(6,792)	(3,961)
Cash dividends	(1,274)	(806)	(408)
Withholding tax on share-based compensation	(6)	(6)	(5)
Net cash provided by (used for) financing activities	(1,810)	(370)	1,521
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents	(1,706)	1,091	454
Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period	2,723	1,632	1,178
Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period	1,017	2,723	1,632
Supplemental cash flow information
Cash and cash equivalents	541	2,272	1,227
Restricted cash and restricted cash equivalents	476	451	405
Total cash and cash equivalents and restricted cash and restricted cash equivalents	1,017	2,723	1,632
Interest paid	(891)	(978)	(845)
Income taxes paid	(403)	(289)	(261)
Cash paid for amounts included in the measurement of operating lease liabilities	(58)	(57)	(58)
Supplemental non-cash activities
Right-of-use assets obtained in exchange for operating lease obligations	43	47	233
Non-cash contribution of SCLH	0	0
OMFC
Cash flows from operating activities
Net income	1,314	730	858
Reconciling adjustments:
Provision for finance receivable losses	593	1,319	1,129
Depreciation and amortization	264	264	271
Deferred income tax charge (benefit)	78	(42)	3
Net loss on repurchases and repayments of debt	78	39	35
Share-based compensation expense, net of forfeitures	23	17	13
Gain on sales of finance receivables	(47)	0	0
Other	(8)	3	(9)
Cash flows due to changes in other assets and other liabilities	(44)	(123)	92
Net cash provided by operating activities	2,251	2,207	2,392
Cash flows from investing activities
Net principal originations and purchases of finance receivables	(2,514)	(748)	(3,305)
Proceeds from sales of finance receivables	560	0	0
Available-for-sale securities purchased	(517)	(456)	(718)
Available-for-sale securities called, sold, and matured	404	478	574
Other securities purchased	(708)	(538)	(18)
Other securities called, sold, and matured	701	542	31
Other, net	(69)	(29)	7
Net cash used for investing activities	(2,143)	(751)	(3,429)
Cash flows from financing activities
Proceeds from issuance of long-term debt, net of issuance costs	3,759	7,279	5,895
Repayment of long-term debt	(3,921)	(6,792)	(3,961)
Cash contribution from OMH	0	0	144
Cash dividends	(1,677)	(846)	(408)
Payments on intercompany notes payable	0	0	(170)
Withholding tax on share-based compensation	(6)	(6)	(5)
Net cash provided by (used for) financing activities	(1,845)	(365)	1,507
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents	(1,737)	1,091	470
Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period	2,723	1,632	1,162
Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period	986	2,723	1,632
Supplemental cash flow information
Cash and cash equivalents	510	2,272	1,227
Restricted cash and restricted cash equivalents	476	451	405
Total cash and cash equivalents and restricted cash and restricted cash equivalents	986	2,723	1,632
Interest paid	(891)	(978)	(847)
Income taxes paid	(403)	(289)	(261)
Cash paid for amounts included in the measurement of operating lease liabilities	(58)	(57)	(58)
Supplemental non-cash activities
Right-of-use assets obtained in exchange for operating lease obligations	43	47	233
Non-cash merger of SFI with OMFC	0	0	(408)
OMFC | SCLH
Cash flows from financing activities
Cash contribution of SCLH	0	0	12
Supplemental non-cash activities
Non-cash contribution of SCLH	$ 0	$ 0	$ 22

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	1. Nature of Operations OneMain Holdings, Inc. (“OMH”) and its wholly owned direct subsidiary, OneMain Finance Corporation (“OMFC”), are financial services holding companies whose subsidiaries engage in the consumer finance and insurance businesses. The results of OMFC are consolidated into the results of OMH. Due to the nominal differences between OMFC and OMH, content throughout this filing relates to both OMH and OMFC, except where otherwise indicated. OMH and OMFC are referred to in this report, collectively with their subsidiaries, whether directly or indirectly owned, as “the Company,” “OneMain,” “we,” “us,” or “our.”

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies BASIS OF PRESENTATION We prepared our consolidated financial statements using generally accepted accounting principles in the United States of America ("GAAP"). The statements include the accounts of OMH, its subsidiaries (all of which are wholly owned), and variable interest entities ("VIEs") in which we hold a controlling financial interest and for which we are considered to be the primary beneficiary as of the financial statement date. We eliminated all material intercompany accounts and transactions. We made judgments, estimates, and assumptions that affect amounts reported in our consolidated financial statements and disclosures of contingent assets and liabilities. In management’s opinion, the consolidated financial statements include the normal, recurring adjustments necessary for a fair statement of results. Ultimate results could differ from our estimates. We evaluated the effects of and the need to disclose events that occurred subsequent to the balance sheet date. To conform to the 2021 presentation, we reclassified certain items in prior periods of our consolidated financial statements. ACCOUNTING POLICIES Operating Segment At December 31, 2021, Consumer and Insurance (“C&I”) is our only reportable segment. The remaining components (which we refer to as “Other”) consist of our liquidating SpringCastle Portfolio servicing activity and our non-originating legacy operations, which primarily include our liquidating real estate loans. Finance Receivables Generally, we classify finance receivables as held for investment based on management’s intent at the time of origination. We determine classification on a receivable-by-receivable basis. We classify finance receivables as held for investment due to our ability and intent to hold them until their contractual maturities. Our finance receivables held for investment consist of our personal loans and credit cards. We carry finance receivables at amortized cost which includes accrued finance charges, net unamortized deferred origination costs and unamortized fees, unamortized net premiums and discounts on purchased finance receivables, and unamortized finance charges on precomputed receivables. We include the cash flows from finance receivables held for investment in the consolidated statements of cash flows as investing activities, except for collections of interest, which we include as cash flows from operating activities. We may finance certain insurance products offered to our customers as part of finance receivables. In such cases, the insurance premium is included as an operating cash inflow and the financing of the insurance premium is included as part of the finance receivable as an investing cash flow in the consolidated statements of cash flows. Finance Receivable Revenue Recognition We recognize finance charges as revenue on the accrual basis using the interest method, which we report in interest income. We defer and amortize the costs to originate certain finance receivables and the revenue from nonrefundable fees, along with any premiums or discounts, as an adjustment to finance charge income using the interest method. For credit cards, we amortize certain deferred costs on a straight-line basis over a twelve-month period. For our personal loans, we stop accruing finance charges when four payments (approximately 90 days) become contractually past due. We reverse finance charge amounts previously accrue d upon suspension of accrual of finance charges. For credit cards, we continue to accrue finance charges and fees until charge-off when seven payments (approximately 180 days) become contractually past due and reverse finance charges and fees previously accrued. For certain finance receivables that had a carrying value that included a purchase premium or discount, we stop accreting the premium or discount at the time we stop accruing finance charges. We do not reverse accretion of premium or discount that was previously recognized. For our personal loans, we recognize the contractual interest portion of payments received on nonaccrual finance receivables as finance charges at the time of receipt. We resume the accrual of interest on a nonaccrual personal loans when the past due status on the individual finance receivable improves to the point that the finance receivable no longer meets our policy for nonaccrual. At that time, we also resume accretion of any unamortized premium or discount resulting from a previous purchase premium or discount. Troubled Debt Restructured Finance Receivables We make modifications to our finance receivables to assist borrowers who are experiencing financial difficulty, are in bankruptcy or are participating in a consumer credit counseling arrangement. When we modify the contractual terms for economic or other reasons related to the borrower’s financial difficulties and grant a concession that we would not otherwise consider, we classify that receivable as a TDR finance receivable. We restructure finance receivables only if we believe the customer has the ability to pay under the restructured terms for the foreseeable future. We establish reserves on our TDR finance receivables by discounting the estimated cash flows associated with the respective receivables at the effective interest rate prior to the modification to the account and record any difference between the discounted cash flows and the carrying value as an allowance adjustment. We may modify the terms of existing accounts in certain circumstances, such as certain bankruptcy or other catastrophic situations or for economic or other reasons related to a borrower’s financial difficulties that justify modification. When we modify an account, we primarily use a combination of the following to reduce the borrower’s monthly payment: reduce interest rate, extend the term, defer or forgive past due interest or forgive principal. Additionally, as part of the modification, we may require trial payments. If the account is delinquent at the time of modification, the account is generally brought current for delinquency reporting. Account modifications that are deemed to be a TDR finance receivable are measured for impairment. Account modifications that are not classified as a TDR finance receivable are measured for impairment in accordance with our policy for allowance for finance receivable losses. Allowance for Finance Receivable Losses We establish the allowance for finance receivable losses through the provision for finance receivable losses. We evaluate our finance receivable portfolio by level of contractual delinquency in the portfolio, specifically in the late stage delinquency buckets and inclusive of the migration of the loans through the delinquency buckets. Our finance receivables consist of a large number of relatively small, homogeneous accounts. We evaluate our finance receivables for impairment as pools. None of our accounts are large enough to warrant individual evaluation for impairment. We estimate the allowance for finance receivable losses primarily on historical loss experience using a cumulative loss model applied to our personal loan portfolios. Our gross credit loss expectation is offset by the estimate of future recoveries using historical recovery curves. Our personal loans are primarily segmented in the loss model by contractual delinquency status. Other attributes in the model include collateral mix and recent credit score. To estimate the gross credit losses, the model utilizes a roll rate matrix to project the first 12 months of losses and historical cohort performance to project the expected losses over the remaining term. Our methodology relies on historical loss experience to forecast the corresponding future outcomes. These patterns are then applied to the current portfolio to obtain an estimate of future losses. We also consider key economic trends including unemployment rates. Forecasted macroeconomic conditions extend to our reasonable and supportable forecast period and revert to a historical average. No new volume is assumed. Personal loan renewals are a significant piece of our new volume and are considered a terminal event of the previous loan. For our personal loans, we have elected not to measure an allowance on accrued finance charges as it is our policy to reverse finance charge amounts previously accrued after four contractual payments become past due. For credit cards, we measure an allowance on uncollected finance charges, but do not measure an allowance on the unfunded portion of the credit card lines as the accounts are unconditionally cancellable. Management exercises its judgment when determining the amount of allowance for finance receivable losses. Our judgment is based on quantitative analyses, qualitative factors (such as recent portfolio, industry, and other economic trends), and experience in the consumer finance industry. We adjust the amounts determined by our model for management’s estimate of the effects of model imprecision which include but are not limited to, any changes to underwriting criteria and portfolio seasoning. We generally charge-off to the allowance for finance receivable losses on personal loans and credit cards that are beyond seven payments (approximately 180 days) past due. Exceptions include accounts in bankruptcy, which are generally charged off at the earlier of notice of discharge or when the customer becomes seven payments past due, and accounts of deceased borrowers, which are generally charged off at the time of notice. Generally, we start repossession of any titled personal property when the customer becomes two payments (approximately 30 days) past due and may charge-off prior to the account becoming seven payments (approximately 180 days) past due. We may renew delinquent secured or unsecured personal loan accounts if the customer meets current underwriting criteria and it does not appear that the cause of past delinquency will affect the customer’s ability to repay the renewed loan. We subject all renewals to the same credit risk underwriting process as we would a new application for credit. For our personal loans, we may offer those customers whose accounts are in good standing the opportunity of a deferment, which extends the term of an account. We also may extend this offer to customers when they are experiencing higher than normal personal expenses or to a delinquent customer who is experiencing a temporary financial problem. The account must be current after granting the deferment. To evaluate whether a borrower’s financial difficulties are temporary, we review the terms of each deferment to ensure that the borrower has the financial ability to repay the outstanding principal and associated interest in full following the deferment and after the customer is brought current. If, following this analysis, we believe a borrower’s financial difficulties are not temporary, we will not grant deferment, and the loans may continue to age until they are charged off. We generally limit a customer to two deferments in a rolling twelve month period unless we determine that an exception is warranted and is consistent with our credit risk policies. Additionally, for borrowers that do not meet the qualifications of a deferment, we may also offer a re-age, settlement, or a loan modification. We also establish reserves for TDR finance receivables, which are included in our allowance for finance receivable losses. The allowance for finance receivable losses related to our TDR finance receivables represents specific reserves based on an analysis of the present value of expected future cash flows. We establish our allowance for finance receivable losses related to our TDR finance receivables by calculating the present value (discounted at the loan’s effective interest rate prior to modification) of all expected cash flows less the recorded investment in the aggregated pool. We use certain assumptions to estimate the expected cash flows from our TDR finance receivables. The primary assumptions to estimate these expected cash flows are prepayment speeds, default rates, and loss severity rates. Goodwill Goodwill represents the amount of purchase price over the fair value of net assets we acquired in connection with business combinations, primarily related to the OneMain Acquisition. We test goodwill for potential impairment annually as of October 1 of each year and whenever events occur or circumstances change that would more likely than not reduce the fair value of our reporting unit below its carrying amount. We first complete a qualitative assessment to determine whether it is necessary to perform a quantitative impairment test. If the qualitative assessment indicates that it is more likely than not that the reporting unit’s fair value is less than its carrying amount, we proceed with the quantitative impairment test. When necessary, the fair value of the reporting unit is calculated utilizing the income approach, which uses prospective financial information of the reporting unit discounted at a rate we estimate a market participant would use. Intangible Assets other than Goodwill At the time we initially recognize intangible assets, a determination is made with regard to each asset’s useful life. We have determined that each of our intangible assets have indefinite lives with the exception of value of business acquired (“VOBA”), which has a finite useful life. We amortize our finite useful life intangible assets in a manner that reflects the pattern of economic benefit used. For intangible assets with a finite useful life, we review for impairment at least annually and whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Impairment is indicated if the sum of undiscounted estimated future cash flows is less than the carrying value of the respective asset. Impairment is permanently recognized by writing down the asset to the extent that the carrying value exceeds the estimated fair value. For indefinite-lived intangible assets, we review for impairment at least annually and whenever events occur or circumstances change that would indicate the assets are more likely than not to be impaired. We first complete a qualitative assessment to determine whether it is necessary to perform a quantitative impairment test. If the qualitative assessment indicates that the assets are more likely than not to have been impaired, we proceed with the fair value calculation of the assets. The fair value is determined in accordance with our fair value measurement policy. If the fair value is less than the carrying value, an impairment loss will be recognized in an amount equal to the difference and the indefinite life classification will be evaluated to determine whether such classification remains appropriate. Leases All our leases are classified as operating leases, and we are the lessee or sublessor in all our lease arrangements. At inception of an arrangement, we determine if a lease exists. 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. 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. 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. In the normal course of business, we will renew leases that expire or replace them with leases on other properties. 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. 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 consolidated statement of operations. In addition to rent, we pay taxes, insurance, and maintenance expenses under certain leases as variable lease payments. The lease right-of-use assets are included in “ Other assets Other liabilities Insurance Premiums We recognize revenue for short-duration contracts over the related contract period. Short-duration contracts primarily consist of credit life, credit disability, credit involuntary unemployment insurance, and collateral protection policies. We defer single premium credit insurance premiums from affiliates in unearned premium reserves, which we include as a reduction to net finance receivables. We recognize unearned premiums on credit life, credit disability, credit involuntary unemployment insurance, and collateral protection insurance as revenue using the sum-of-the-digits, straight-line or other appropriate methods over the terms of the policies. Premiums from reinsurance assumed are earned over the related contract period. We recognize revenue on long-duration contracts when due from policyholders. Long-duration contracts include term life, accidental death and dismemberment, and disability income protection. For single premium long-duration contracts, a liability is accrued, which represents the present value of estimated future policy benefits to be paid to or on behalf of policyholders and related expenses, when premium revenue is recognized. The effects of changes in such estimated future policy benefit reserves are classified in insurance policy benefits and claims in the consolidated statements of operations. We recognize commissions on optional products as other revenue when earned. We may finance certain insurance products offered to our customers as part of finance receivables. In such cases, unearned premiums and certain unpaid claim liabilities related to our borrowers are netted and classified as contra-assets in net finance receivables in the consolidated balance sheets. The insurance premium is included as an operating cash inflow and the financing of the insurance premium is included as part of the finance receivable as an investing cash flow in the consolidated statements of cash flows. Policy and Claim Reserves Policy reserves for credit life, credit disability, credit involuntary unemployment, and collateral protection insurance equal related unearned premiums. Reserves for losses and loss adjustment expenses are based on claims experience, actual claims reported, and estimates of claims incurred but not reported. Assumptions utilized in determining appropriate reserves are based on historical experience, adjusted to provide for possible adverse deviation. These estimates are periodically reviewed and compared with actual experience and industry standards, and revised if it is determined that future experience will differ substantially from that previously assumed. Since reserves are based on estimates, the ultimate liability may be more or less than such reserves. The effects of changes in such estimated reserves are classified in insurance policy benefits and claims in the consolidated statements of operations in the period in which the estimates are changed. We accrue liabilities for future life insurance policy benefits associated with non-credit life contracts and base the amounts on assumptions as to investment yields, mortality, and surrenders. We base annuity reserves on assumptions as to investment yields and mortality. Ceded insurance reserves are included in other assets and include estimates of the amounts expected to be recovered from reinsurers on insurance claims and policyholder liabilities. Insurance Policy Acquisition Costs We defer insurance policy acquisition costs (primarily commissions, reinsurance fees, and premium taxes). We include deferred policy acquisition costs in other assets and amortize these costs over the terms of the related policies, whether directly written or reinsured. Investment Securities We generally classify our investment securities as available-for-sale or other, depending on management’s intent. Other securities primarily consist of equity securities and those securities for which the fair value option was elected. Our investment securities classified as available-for-sale are recorded at fair value. We adjust related balance sheet accounts to reflect the current fair value of investment securities and record the adjustment, net of tax, in accumulated other comprehensive income or loss in shareholders’ equity. We record interest receivable on investment securities in other assets. Under the fair value option, we may elect to measure at fair value, financial assets that are not otherwise required to be carried at fair value. We elect the fair value option for available-for-sale securities that are deemed to incorporate an embedded derivative and for which it is impracticable for us to isolate and/or value the derivative. We recognize any changes in fair value in investment revenues. We classify our investment securities in the fair value hierarchy framework based on the observability of inputs. Inputs to the valuation techniques are described as being either observable (Level 1 or 2) or unobservable (Level 3) assumptions (as further described in “Fair Value Measurements” below) that market participants would use in pricing an asset or liability. Impairments on Investment Securities We evaluate our available-for-sale securities on an individual basis to identify any instances where the fair value of the investment security is below its amortized cost. For these securities, we then evaluate whether an impairment exists if any of the following conditions are present: • we intend to sell the security; • it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis; or • we do not expect to recover the security’s entire amortized cost basis (even if we do not intend to sell the security). If we intend to sell an impaired investment security or we will likely be required to sell the security before recovery of its amortized cost basis less any current period credit loss, we recognize the impairment as a direct write-down in investment revenues equal to the difference between the investment security’s amortized cost and its fair value at the balance sheet date. Once the impairment is recorded, we adjust the investment security to a new amortized cost basis equal to the previous amortized cost basis less the impairment write-down recognized in the current period. In determining whether a credit loss exists, we compare our best estimate of the present value of the cash flows expected to be collected from the security to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis of the security, a credit loss exists and an allowance for credit losses is recorded, not to exceed the total unrealized loss on the security. The cash flows expected to be collected are determined by assessing all available information, including issuer default rate, ratings changes and adverse conditions related to the industry sector, financial condition of issuer, credit enhancements, collateral default rates, and other relevant criteria. Management considers factors such as our investment strategy, liquidity requirements, overall business plans, and recovery periods for securities in previous periods of broad market declines. If a credit loss exists with respect to an investment in a security (i.e., we do not expect to recover the entire amortized cost basis of the security), we would be unable to assert that we will recover our amortized cost basis even if we do not intend to sell the security. Therefore, in these situations, a credit impairment is considered to have occurred. If a credit impairment exists, but we do not intend to sell the security and we will likely not be required to sell the security before recovery of its amortized cost basis less any current period credit loss, the impairment is bifurcated as: (i) the estimated amount relating to credit loss; and (ii) the amount relating to non-credit related factors. We recognize the estimated credit loss as an allowance on the balance sheet in investment securities, with a corresponding loss in investment revenues, and the non-credit loss amount in accumulated other comprehensive income or loss. For investment securities in which a credit impairment was recorded through an allowance, we record subsequent increases and decreases in the allowance for credit losses as credit loss expense or reversal of credit loss expense in investment revenues. We will not reverse a previously recorded allowance to an amount below zero. We recognize subsequent increases and decreases in the fair value of our available-for-sale securities from non-credit related factors in accumulated other comprehensive income or loss. Interest receivables on our investment securities are excluded from the amortized cost and fair value and are recorded in “Other assets.” We have elected not to measure an allowance on interest receivables due to our policy to reverse interest receivable at the time collectability is uncertain. The reversal of interest receivable is recorded in investment revenue. Investment Revenue Recognition We recognize interest on interest bearing fixed-maturity investment securities as revenue on the accrual basis. We amortize any premiums or accrete any discounts as a revenue adjustment using the interest method. We stop accruing interest revenue when the collection of interest becomes uncertain. We record dividends on equity securities as revenue on ex-dividend dates. We recognize income on mortgage-backed and asset-backed securities as revenue using an effective yield based on estimated prepayments of the underlying collateral. If actual prepayments differ from estimated prepayments, we calculate a new effective yield and adjust the net investment in the security accordingly. We record the adjustment, along with all investment securities revenue, in investment revenues. We specifically identify realized gains and losses on investment securities and include them in investment revenues. Variable Interest Entities An entity is a VIE if the entity does not have sufficient equity at risk for the entity to finance its activities without additional financial support or has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated into the financial statements of its primary beneficiary. When we have a variable interest in a VIE, we qualitatively assess whether we have a controlling financial interest in the entity and, if so, whether we are the primary beneficiary. In applying the qualitative assessment to identify the primary beneficiary of a VIE, we are determined to have a controlling financial interest if we have (i) the power to direct the activities that most significantly impact the economic performance of the VIE, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. We consider the VIE’s purpose and design, including the risks that the entity was designed to create and pass through to its variable interest holders. We continually reassess the VIE’s primary beneficiary and whether we have acquired or divested the power to direct the activities of the VIE through changes in governing documents or other circumstances. Cash and Cash Equivalents We consider unrestricted cash on hand and short-term investments having maturity dates within three months of their date of acquisition to be cash and cash equivalents. We typically maintain cash in financial institutions in excess of the Federal Deposit Insurance Corporation’s insurance limits. We evaluate the creditworthiness of these financial institutions in determining the risk associated with these cash balances. We do not believe that the Company is exposed to any significant credit risk on these accounts and have not experienced any losses in such accounts. Restricted Cash and Cash Equivalents We include funds to be used for future debt payments and collateral relating to our securitization and conduit transactions, insurance regulatory deposits and reinsurance trusts with third parties, in each case , in restricted cash and cash equivalents. Long-term Debt We generally report our long-term debt issuances at the face value of the debt instrument, which we adjust for any unaccreted discount, unamortized premium, or unamortized debt issuance costs associated with the debt. Other than securitized products, we generally accrete discounts, premiums, and debt issuance costs over the contractual life of the security using contractual payment terms. With respect to securitized products, we have elected to amortize deferred costs over the contractual life of the security. Accretion of discounts and premiums are recorded to interest expense. Income Taxes We recognize income taxes using the asset and liability method. We establish deferred tax assets and liabilities for temporary differences between the financial reporting basis and the tax basis of assets and liabilities, using the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are also recognized for tax attributes such as net operating loss carryforwards. Realization of our gross deferred tax asset depends on our ability to generate sufficient taxable income of the appropriate character within the carryforward periods of the jurisdictions in which the net operating and capital losses, deductible temporary differences and credits were generated. When we assess our ability to realize deferred tax assets, we consider all available evidence and we record valuation allowances to reduce deferred tax assets to the amounts that management conclude are more-likely-than-not to be realized. We recognize income tax benefits associated with uncertain tax positions, when, in our judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax position that meets the more likely than not recognition threshold, we initially and subsequently measure the tax benefit as the largest amount that we judge to have a greater than 50% likelihood of being realized upon ultimate settlement with the taxing authority. Retirement Benefit Plans We have funded and unfunded noncontributory defined pension plans. We recognize the net pension asset or liability, also referred to herein as the funded status of the benefit plan, in other assets or other liabilities, depending on the funded status at the end of each reporting period. We recognize the net actuarial gains or losses and prior service cost or credit that arise during the period in other comprehensive income or loss. Many of our employees are participants in our 401(k) Plan. Our contributions to the plan are charged to salaries and benefits within operating expenses. Share-based Compensation Plans We measure compensation cost for service-based and performance-based awards at estimated fair value and recognize compensation expense over the requisite service period for awards expected to vest. The estimation of awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from current estimates, such amounts will be recorded as a cumulative adjustment to salaries and benefits in the period estimates are revised. For service-based awards subject to graded vesting, expense is recognized under the straight-line method. Expense for performance-based awards with graded vesting is recognized under the accelerated method, whereby each vesting is treated as a separate award with expense for each vesting recognized ratably over the requisite service period. Fair Value Measurements Management is responsible for the determination of the fair value of our financial assets and financial liabilities and the supporting methodologies and assumptions. We employ widely accepted internal valuation models or utilize third-party valuation service providers to gather, analyze, and interpret market information and derive fair values based upon relevant methodologies and assumptions for individual instruments or pools of finance receiva

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	3. Recent Accounting Pronouncements ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED 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. Upon adoption, our cash flow assumptions used to measure the liability for future policy benefits will be updated at least annually. The guidance requires the discount rate used to measure the liability to be an upper-medium grade fixed-income instrument yield and updated at each reporting date with changes in the liability due to the discount rate recognized in other comprehensive income. The amendments in this ASU become effective for the Company beginning January 1, 2023. The Company’s cross-functional implementation team continues to make progress in line with the established project plan to ensure we comply with all the amendments in this ASU at the time of adoption. We will utilize an actuarial software solution to meet the new accounting and disclosure requirements, and we continue to refine the development of the actuarial model and assumptions. After the model has been subject to a parallel testing phase in 2022, the Company will provide further disclosure regarding the estimated impact of the adoption of the ASU on our consolidated financial statements. We do not believe that any other accounting pronouncements issued, but not yet effective, would have a material impact on our consolidated financial statements or disclosures, if adopted.

Finance Receivables

Finance Receivables	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Finance Receivables	4. Finance Receivables At December 31, 2021, our finance receivables consisted of personal loans and credit cards. Personal loans are non-revolving, with a fixed rate, fixed terms generally between three Components of our net finance receivables were as follows: (dollars in millions) Personal Loans Credit Cards Total December 31, 2021 Gross finance receivables (a) $ 18,944 $ 24 $ 18,968 Unearned fees (225) (1) (226) Accrued finance charges and fees 289 — 289 Deferred origination costs 179 2 181 Total $ 19,187 $ 25 $ 19,212 December 31, 2020 (b) Gross finance receivables (a) $ 17,860 $ — $ 17,860 Unearned fees (225) — (225) Accrued finance charges and fees 299 — 299 Deferred origination costs 150 — 150 Total $ 18,084 $ — $ 18,084 (a) Gross finance receivables equal the unpaid principal balance of our personal loans and credit cards. For precompute loans, unpaid principal balance is the gross contractual payments less the unaccreted balance of unearned finance charges. (b) There were no credit cards at December 31, 2020 as the product offering began in 2021. GEOGRAPHIC DIVERSIFICATION Geographic diversification of finance receivables reduces the concentration of credit risk associated with economic stresses in any one region. The largest concentrations of net finance receivables were as follows: December 31, 2021 2020 (a) (dollars in millions) Amount Percent Amount Percent Personal Loans: Texas $ 1,812 9 % $ 1,614 9 % California 1,289 7 1,196 7 Florida 1,255 7 1,060 6 Pennsylvania 1,199 6 1,123 6 North Carolina 1,117 6 1,130 6 Ohio 960 5 922 5 Georgia 770 4 712 4 Illinois 765 4 739 4 Indiana 728 4 728 4 New York 681 4 580 3 Virginia 665 3 666 4 Other 7,946 41 7,614 42 Total personal loans $ 19,187 100 % $ 18,084 100 % Credit Cards (b): California $ 7 28 % $ — — % Texas 4 14 — — Florida 2 7 — — Other 12 51 — — Total credit cards $ 25 100 % $ — — % (a) December 31, 2020 concentrations of net finance receivables are presented in the order of December 31, 2021 state concentrations. (b) There were no credit cards at December 31, 2020 as the product offering began in 2021. WHOLE LOAN SALE TRANSACTIONS As of December 31, 2021, we have whole loan sale flow agreements with third parties, with remaining terms ranging between one CREDIT QUALITY INDICATOR We consider the delinquency status of our finance receivables as our key credit quality indicator. We monitor the delinquency of our finance receivable portfolio, including the migration between the delinquency buckets and changes in the delinquency trends to manage our exposure to credit risk in the portfolio. When personal loans are 60 days contractually past due, we consider these accounts to be at an increased risk for loss and collection of these accounts is handled by our centralized operations. At 90 days or more contractually past due, we consider our personal loans to be nonperforming and stop accruing finance charges. We reverse finance charges previously accrued. For our personal loans, we reversed net accrued finance charges of $77 million and $86 million during the years ended December 31, 2021 and 2020, respectively. Finance charges recognized from the contractual interest portion of payments received on nonaccrual personal loans totaled $13 million and $14 million during the years ended December 31, 2021 and 2020, respectively. All personal loans in nonaccrual status are considered in our estimate of allowance for finance receivable losses. We accrue finance charges and fees on credit cards until charge-off at approximately 180 days past due and reverse finance charges and fees previously accrued. For credit cards, there were no net accrued finance charges and fees reversed for the year ended December 31, 2021. The following tables below are a summary of our personal loans by the year of origination and number of days delinquent, our key credit quality indicator: (dollars in millions) 2021 2020 2019 2018 2017 Prior Total December 31, 2021 Performing Current $ 10,645 $ 3,935 $ 2,641 $ 814 $ 193 $ 109 $ 18,337 30-59 days past due 125 74 53 19 6 5 282 60-89 days past due 81 53 33 11 4 3 185 Total performing 10,851 4,062 2,727 844 203 117 18,804 Nonperforming (Nonaccrual) 90+ days past due 125 130 85 28 9 6 383 Total $ 10,976 $ 4,192 $ 2,812 $ 872 $ 212 $ 123 $ 19,187 (dollars in millions) 2020 2019 2018 2017 2016 Prior Total December 31, 2020 Performing Current $ 8,659 $ 5,691 $ 2,064 $ 651 $ 184 $ 106 $ 17,355 30-59 days past due 72 106 44 18 6 5 251 60-89 days past due 44 72 28 11 4 3 162 Total performing 8,775 5,869 2,136 680 194 114 17,768 Nonperforming (Nonaccrual) 90+ days past due 63 157 60 23 8 5 316 Total $ 8,838 $ 6,026 $ 2,196 $ 703 $ 202 $ 119 $ 18,084 The following is a summary of credit cards by number of days delinquent, our key credit quality indicator: (dollars in millions) December 31, 2021 Current $ 25 30-59 days past due — 60-89 days past due — 90+ days past due — Total $ 25 There were no credit cards converted to term loans for the year ended December 31, 2021. TROUBLED DEBT RESTRUCTURED FINANCE RECEIVABLES Information regarding TDR finance receivables were as follows: (dollars in millions) December 31, 2021 2020 TDR gross finance receivables $ 646 $ 689 TDR net finance receivables * 650 691 Allowance for TDR finance receivable losses 270 314 * TDR net finance receivables are TDR gross finance receivables net of unearned fees, accrued finance charges, and deferred origination costs. There were no credit cards classified as TDR finance receivables for the year ended December 31, 2021. Information regarding the new volume of the TDR finance receivables were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Pre-modification TDR net finance receivables $ 453 $ 499 $ 536 Post-modification TDR net finance receivables: Rate reduction 310 312 370 Other * 143 187 166 Total post-modification TDR net finance receivables $ 453 $ 499 $ 536 Number of TDR accounts 55,229 66,484 78,257 * “Other” modifications primarily consist of potential principal and interest forgiveness contingent on future payment performance by the borrower under the modified terms. Finance receivables that were modified as TDR finance receivables within the previous 12 months and for which there was a default during the period to cause the TDR finance receivables to be considered nonperforming (90 days or more past due) are reflected in the following table: (dollars in millions) Years Ended December 31, 2021 2020 2019 TDR net finance receivables * $ 117 $ 105 $ 96 Number of TDR accounts 16,046 15,229 14,732 * Represents the corresponding balance of TDR net finance receivables at the end of the month in which they defaulted. UNFUNDED LENDING COMMITMENTS Our unfunded lending commitments consist of the unused credit card lines, which are unconditionally cancellable. We do not anticipate that all of our customers will access their entire available line at any given point in time. The unused credit card lines totaled $54 million at December 31, 2021.

Allowance for Finance Receivabl

Allowance for Finance Receivable Losses	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Allowance for Finance Receivable Losses	5. Allowance for Finance Receivable Losses We establish an allowance for finance receivable losses through the provision for finance receivable losses. We evaluate our finance receivable portfolio by the level of contractual delinquency in the portfolio, specifically in the late stage delinquency buckets and inclusive of the migration of the finance receivables through the delinquency buckets. We estimate and record an allowance for finance receivable losses to cover the estimated lifetime expected credit losses on our finance receivables, pursuant to the adoption of ASU 2016-13 on January 1, 2020. Prior to the adoption of ASU 2016-13, we estimated and recorded an allowance for finance receivable losses to cover estimated incurred losses on our finance receivables. Our allowance for finance receivable losses may fluctuate based upon changes in portfolio growth, credit quality, and economic conditions. See Note 2 for additional information regarding our policy for allowance for finance receivable losses. Our current methodology to estimate expected credit losses used the most recent macroeconomic forecasts, which incorporated the ongoing impacts of the global outbreak of a novel strain of coronavirus (“COVID-19”) on the U.S. economy and the overall unemployment rate. We also considered inflationary pressures, supply chain concerns, and businesses’ ability to remain open. Our forecast leveraged economic projections from industry leading forecast providers. At December 31, 2021, our economic forecast used a reasonable and supportable period of 12 months. The decrease in our allowance for finance receivable losses for the year ended December 31, 2021 was largely due an improved outlook for unemployment and macroeconomic conditions, partially offset by growth in our loan portfolio. We may experience further changes to the macroeconomic assumptions within our forecast, as well as changes to our loan loss performance outlook, both of which could lead to further changes in our allowance for finance receivable losses, allowance ratio, and provision for finance receivable losses. Changes in the allowance for finance receivable losses were as follows: (dollars in millions) Personal Loans Credit Cards Total Year Ended December 31, 2021 Balance at beginning of period $ 2,269 $ — $ 2,269 Provision for finance receivable losses 588 5 593 Charge-offs (989) — (989) Recoveries 222 — 222 Balance at end of period $ 2,090 $ 5 $ 2,095 Year Ended December 31, 2020 (a) Balance at beginning of period $ 829 $ — $ 829 Impact of adoption of ASU 2016-13 (b) 1,118 — 1,118 Provision for finance receivable losses 1,319 — 1,319 Charge-offs (1,162) — (1,162) Recoveries 165 — 165 Balance at end of period $ 2,269 $ — $ 2,269 Year Ended December 31, 2019 (a) Balance at beginning of period $ 731 $ — $ 731 Provision for finance receivable losses 1,129 — 1,129 Charge-offs (1,157) — (1,157) Recoveries 126 — 126 Balance at end of period $ 829 $ — $ 829 (a) There were no credit cards for the years ended December 31, 2020 and 2019 as the product offering began in 2021. (b) As a result of the adoption of ASU 2016-13 on January 1, 2020, we recorded a one-time adjustment to the allowance for finance receivable losses. The allowance for finance receivable losses and net finance receivables by impairment method were as follows: (dollars in millions) Personal Loans Credit Cards Total December 31, 2021 Allowance for finance receivable losses: Collectively evaluated for impairment $ 1,820 $ 5 $ 1,825 TDR finance receivables 270 — 270 Total $ 2,090 $ 5 $ 2,095 Finance receivables: Collectively evaluated for impairment $ 18,537 $ 25 $ 18,562 TDR finance receivables 650 — 650 Total $ 19,187 $ 25 $ 19,212 Allowance for finance receivable losses as a percentage of finance receivables 10.89 % 19.91 % 10.90 % December 31, 2020 (a) Allowance for finance receivable losses: Collectively evaluated for impairment $ 1,955 $ — $ 1,955 TDR finance receivables 314 — 314 Total $ 2,269 $ — $ 2,269 Finance receivables: Collectively evaluated for impairment $ 17,393 $ — $ 17,393 TDR finance receivables 691 — 691 Total $ 18,084 $ — $ 18,084 Allowance for finance receivable losses as a percentage of finance receivables 12.55 % — % 12.55 % (a) There were no credit cards for the year ended December 31, 2020 as the product offering began in 2021.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investment Securities	6. Investment Securities AVAILABLE-FOR-SALE SECURITIES Cost/amortized cost, allowance for credit losses, unrealized gains and losses, and fair value of fixed maturity available-for-sale securities by type were as follows: (dollars in millions) Cost/ Unrealized Unrealized Fair December 31, 2021* Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 16 $ — $ — $ 16 Obligations of states, municipalities, and political subdivisions 76 3 — 79 Commercial paper 50 — — 50 Non-U.S. government and government sponsored entities 151 4 — 155 Corporate debt 1,246 61 (5) 1,302 Mortgage-backed, asset-backed, and collateralized: RMBS 169 3 (2) 170 CMBS 44 1 — 45 CDO/ABS 90 1 (1) 90 Total $ 1,842 $ 73 $ (8) $ 1,907 December 31, 2020* Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 12 $ — $ — $ 12 Obligations of states, municipalities, and political subdivisions 87 5 — 92 Commercial paper 28 — — 28 Non-U.S. government and government sponsored entities 137 9 — 146 Corporate debt 1,124 95 (1) 1,218 Mortgage-backed, asset-backed, and collateralized: RMBS 208 7 — 215 CMBS 55 3 — 58 CDO/ABS 77 2 (1) 78 Total $ 1,728 $ 121 $ (2) $ 1,847 * There was no material allowance for credit losses related to our investment securities as of December 31, 2021 and there was no allowance for credit losses as of December 31, 2020. Interest receivables reported in “Other assets” totaled $13 million and $12 million as of December 31, 2021 and 2020, respectively. There were no material amounts reversed from investment revenue for available-for-sale securities for the year ended December 31, 2021 and no amounts reversed from investment revenue for available-for-sale securities for the year ended December 31, 2020. Fair value and unrealized losses on available-for-sale securities by type and length of time in a continuous unrealized loss position without an allowance for credit losses were as follows: Less Than 12 Months 12 Months or Longer Total (dollars in millions) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2021 U.S. government and government sponsored entities $ 6 $ — $ — $ — $ 6 $ — Obligations of states, municipalities, and political subdivisions 10 — — — 10 — Commercial paper 46 — — — 46 — Non-U.S. government and government sponsored entities 19 — 5 — 24 — Corporate debt 208 (3) 38 (2) 246 (5) Mortgage-backed, asset-backed, and collateralized: RMBS 81 (1) 15 (1) 96 (2) CMBS 7 — — — 7 — CDO/ABS 41 (1) 3 — 44 (1) Total $ 418 $ (5) $ 61 $ (3) $ 479 $ (8) December 31, 2020 Obligations of states, municipalities, and political subdivisions $ 2 $ — $ — $ — $ 2 $ — Commercial paper 19 — — — 19 — Non-U.S. government and government sponsored entities 1 — — — 1 — Corporate debt 45 (1) 8 — 53 (1) Mortgage-backed, asset-backed, and collateralized: CMBS 8 — — — 8 — CDO/ABS 17 (1) — — 17 (1) Total $ 92 $ (2) $ 8 $ — $ 100 $ (2) On a lot basis, we had 570 and 148 investment securities in an unrealized loss position at December 31, 2021 and 2020, 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, as of December 31, 2021, there were no credit impairments on investment securities that we intend to sell. We do not have plans to sell any of the remaining investment securities with unrealized losses as of December 31, 2021, 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 credit impairments. During the years ended December 31, 2021 and 2020, there were no material credit impairments related to our investment securities. Therefore, there were no material additions or reductions in the allowance for credit losses (impairments recognized or reversed in earnings) on credit impaired available-for-sale securities for the years ended December 31, 2021 and 2020. Prior to the adoption of ASU 2016-13, other-than-temporary impairment losses, primarily on corporate debt, in investment revenues were immaterial during 2019. 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 2019. The proceeds of available-for-sale securities sold or redeemed totaled $250 million, $259 million and $284 million during 2021, 2020, and 2019, respectively. The net realized gains and losses were immaterial during 2021, 2020, and 2019. Contractual maturities of fixed-maturity available-for-sale securities at December 31, 2021 were as follows: (dollars in millions) Fair Amortized Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities: Due in 1 year or less $ 170 $ 169 Due after 1 year through 5 years 573 552 Due after 5 years through 10 years 677 652 Due after 10 years 182 166 Mortgage-backed, asset-backed, and collateralized securities 305 303 Total $ 1,907 $ 1,842 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 $587 million and $604 million at December 31, 2021 and 2020, respectively. OTHER SECURITIES The fair value of other securities by type was as follows: (dollars in millions) December 31, 2021 2020 Fixed maturity other securities: Bonds $ 30 $ 35 Preferred stock * 22 13 Common stock * 33 27 Total $ 85 $ 75 * We employ an income equity strategy targeting investments in stocks with strong current dividend yields. Stocks included have a history of stable or increasing dividend payments. Net unrealized gains and losses on other securities held were immaterial at December 31, 2021, 2020, and 2019. Net realized gains and losses on other securities sold or redeemed were immaterial during 2021, 2020, and 2019. Other securities primarily consist of equity securities and those securities for which the fair value option was elected. We report net unrealized and realized gains and losses on other securities held, sold, or redeemed in investment revenue.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	7. Goodwill and Other Intangible Assets GOODWILL The carrying amount of goodwill totaled $1.4 billion at December 31, 2021 and 2020. We did not record any impairments to goodwill during 2021, 2020 and 2019. OTHER INTANGIBLE ASSETS The gross carrying amount and accumulated amortization, in total and by major intangible asset class were as follows: (dollars in millions) Gross Carrying Amount Accumulated Amortization Net Other Intangible Assets December 31, 2021 Trade names $ 220 $ — $ 220 VOBA 105 (77) 28 Licenses 25 — 25 Customer relationships 223 (223) — Other 13 (12) 1 Total $ 586 $ (312) $ 274 December 31, 2020 Trade names $ 220 $ — $ 220 VOBA 105 (74) 31 Licenses 25 — 25 Customer relationships 223 (194) 29 Other 13 (12) 1 Total $ 586 $ (280) $ 306 Amortization expense totaled $32 million in 2021, $37 million in 2020, and $39 million in 2019. The estimated aggregate amortization of other intangible assets for each of the next five years is immaterial.

Long-term Debt

Long-term Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Long-term Debt	8. Long-term Debt Carrying value and fair value of long-term debt by type were as follows: December 31, 2021 December 31, 2020 (dollars in millions) Carrying Fair Carrying Fair Senior debt $ 17,578 $ 18,574 $ 17,628 $ 19,278 Junior subordinated debt 172 207 172 148 Total $ 17,750 $ 18,781 $ 17,800 $ 19,426 Weighted average effective interest rates on long-term debt by type were as follows: Years Ended December 31, At December 31, 2021 2020 2019 2021 2020 Senior debt 5.38 % 5.68 % 5.90 % 5.05 % 5.70 % Junior subordinated debt 4.02 5.64 8.68 3.86 4.09 Total 5.37 5.68 5.93 5.03 5.68 Principal maturities of long-term debt (excluding projected repayments on securitizations and revolving conduit facilities by period) by type of debt at December 31, 2021 were as follows: Senior Debt (dollars in millions) Securitizations Revolving Unsecured Junior Total Interest rates (b) 0.81%-6.94% 0.86%-1.02% 3.50%-8.88% 1.87 % 2022 $ — $ — $ — $ — $ — 2023 — — 1,175 — 1,175 2024 — — 1,300 — 1,300 2025 — — 1,835 — 1,835 2026 — — 1,600 — 1,600 2027-2067 — — 3,750 350 4,100 Securitizations (c) 7,432 — — — 7,432 Revolving conduit facilities (c) — 600 — — 600 Total principal maturities $ 7,432 $ 600 $ 9,660 $ 350 $ 18,042 Total carrying amount $ 7,399 $ 600 $ 9,579 $ 172 $ 17,750 Debt issuance costs (d) (31) — (83) — (114) (a) Pursuant to the Base Indenture, the Supplemental Indentures and the Guaranty Agreements, OMH agreed to fully and unconditionally guarantee, on a senior unsecured basis, payments of principal, premium and interest on the Unsecured Notes and Junior Subordinated Debenture. The OMH guarantees of OMFC’s long-term debt are subject to customary release provisions. (b) The interest rates shown are the range of contractual rates in effect at December 31, 2021. (c) Securitizations and borrowings under the revolving conduit facilities 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. See Note 9 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 and unsecured corporate revolver, which totaled $29 million at December 31, 2021 and are reported in “Other assets.” 2021 DEBT ISSUANCES AND REDEMPTIONS Redemption of 7.75% Senior Notes Due 2021 On December 9, 2020, OMFC issued a notice of full redemption of its 7.75% Senior Notes due 2021. On January 8, 2021, OMFC paid a net aggregate amount of $681 million, inclusive of accrued interest and premiums, to complete the redemption. In connection with the redemption, we recognized $47 million of net loss on repurchases and repayments of debt during the year ended December 31, 2021. Social Bond Offering - Issuance of 3.50% Senior Notes Due 2027 OMFC issued its inaugural social bond offering on June 22, 2021 for a total of $750 million aggregate principal amount of 3.50% Senior Notes due 2027 (the “Social Bond”) under the Base Indenture, as supplemented by the Twelfth Supplemental Indenture, pursuant to which OMH provided a guarantee on an unsecured basis. Issuance of 3.875% Senior Notes Due 2028 On August 11, 2021, OMFC issued a total of $600 million aggregate principal amount of 3.875% Senior Notes due 2028 (the “3.875% Senior Notes due 2028”) under the Base Indenture, as supplemented by the Thirteenth Supplemental Indenture, pursuant to which OMH provided a guarantee on an unsecured basis. Redemption of 6.125% Senior Notes Due 2022 On November 10, 2021, OMFC issued a notice of full redemption of its 6.125% Senior Notes due 2022. On December 10, 2021, OMFC paid a net aggregate amount of $1.0 billion, inclusive of accrued interest and premiums, to complete the redemption. In connection with the redemption, we recognized $23 million of net loss on repurchases and repayments of debt during the year ended December 31, 2021. UNSECURED CORPORATE REVOLVER On October 25, 2021, OMFC entered into an unsecured corporate revolver with a total maximum borrowing capacity of $1.0 billion. The corporate revolver has a five-year term during which draws and repayments may occur. Any outstanding principal balance is due and payable on October 25, 2026. At December 31, 2021, no amounts were drawn under this facility. DEBT COVENANTS OMFC Debt Agreements The debt agreements to which OMFC and its subsidiaries are a party include customary terms and conditions, including covenants and representations and warranties. Some or all of these agreements also contain certain restrictions, including (i) restrictions on the ability to create senior liens on property and assets in connection with any new debt financings and (ii) OMFC’s ability to sell or convey all or substantially all of its assets, unless the transferee assumes OMFC’s obligations under the applicable debt agreement. In addition, the OMH guarantees of OMFC’s long-term debt discussed above are subject to customary release provisions. With the exception of OMFC’s junior subordinated debenture and unsecured corporate revolver, none of our debt agreements requires OMFC or any of its subsidiaries to meet or maintain any specific financial targets or ratios. However, certain events, including non-payment of principal or interest, bankruptcy or insolvency, or a breach of a covenant or a representation or warranty, may constitute an event of default and trigger an acceleration of payments. In some cases, an event of default or acceleration of payments under one debt agreement may constitute a cross-default under other debt agreements resulting in an acceleration of payments under the other agreements. As of December 31, 2021, OMFC was in compliance with all of the covenants under its debt agreements. Junior Subordinated Debenture In January of 2007, OMFC issued the Junior Subordinated Debenture, consisting of $350 million aggregate principal amount of 60-year junior subordinated debt. The Junior Subordinated Debenture underlies the trust preferred securities sold by a trust sponsored by OMFC. OMFC can redeem the Junior Subordinated Debenture at par beginning in January of 2017. 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 1.87% as of December 31, 2021. On December 30, 2013, OMH entered into a guaranty agreement whereby it agreed to fully and unconditionally guarantee, on a junior subordinated basis, the payment of principle of, premium (if any), and interest on the Junior Subordinated Debenture. Pursuant to the terms of the Junior Subordinated Debenture, OMFC, upon the occurrence of a mandatory trigger event, is required to defer interest payments to the holders of the Junior Subordinated Debenture (and not make dividend payments) unless OMFC obtains non-debt capital funding in an amount equal to all accrued and unpaid interest on the Junior Subordinated Debenture otherwise payable on the next interest payment date and pays such amount to the holders of the Junior Subordinated Debenture. A mandatory trigger event occurs if OMFC’s (i) tangible equity to tangible managed assets is less than 5.5% or (ii) average fixed charge ratio is not more than 1.10x for the trailing four quarters.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	9. Variable Interest Entities CONSOLIDATED VIES As part of our overall funding strategy and as part of our efforts to support our liquidity from sources other than our traditional capital market sources, we have transferred certain finance receivables to VIEs for asset-backed financing transactions, including securitization and revolving conduit transactions. We have determined that OMFC or OneMain Financial Holdings, LLC (“OMFH”) is the primary beneficiary of these VIEs and, as a result, we include each VIE’s assets, including any finance receivables securing the VIE’s debt obligations, and related liabilities in our consolidated financial statements and each VIE’s asset-backed debt obligations are accounted for as secured borrowings. OMFC or OMFH is deemed to be the primary beneficiary of each VIE because OMFC or OMFH, as applicable, has the ability to direct the activities of the VIE that most significantly impact its economic performance, including the losses it absorbs and its right to receive economic benefits that are potentially significant. Such ability arises from OMFC’s or OMFH’s and their affiliates’ contractual right to service the finance receivables securing the VIEs’ debt obligations. To the extent we retain any debt obligation or residual interest in an asset-backed financing facility, we are exposed to potentially significant losses and potentially significant returns. The asset-backed debt obligations and conduits issued by the VIEs are supported by the expected cash flows from the underlying finance receivables securing such debt obligations. Cash inflows from these finance receivables are distributed to repay the debt obligations and related service providers in accordance with each transaction’s contractual priority of payments, referred to as the “waterfall.” The holders of the asset-backed debt obligations have no recourse to the Company if the cash flows from the underlying finance receivables securing such debt obligations are not sufficient to pay all principal and interest on the asset-backed debt obligations. With respect to any asset-backed financing transaction that has multiple classes of debt obligations, substantially all cash inflows will be directed to the senior debt obligations until fully repaid and, thereafter, to the subordinate debt obligations on a sequential basis. We retain an interest and credit risk in these financing transactions through our ownership of the residual interest in each VIE and, in some cases, the most subordinate class of debt obligations issued by the VIE, which are the first to absorb credit losses on the finance receivables securing the debt obligations. With respect to each financing transaction that is subject to the risk retention requirements of the Dodd-Frank Act, we either retain at least 5% of the balance of each such class of debt obligations and at least 5% of the residual interest in each related VIE or retain at least 5% of the fair value of all ABS interests (as defined in the risk retention requirements), which is satisfied by retention of the residual interest in each related VIE, which, in each case, collectively, represents at least 5% of the economic interest in the credit risk of the securitized assets in satisfaction of the risk retention requirements. We expect that any credit losses in the pools of finance receivables securing the asset-backed debt obligations will likely be limited to our retained interests described above. We have no obligation to repurchase or replace qualified finance receivables that subsequently become delinquent or are otherwise in default. 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) December 31, 2021 2020 Assets Cash and cash equivalents $ 2 $ 2 Net finance receivables 8,821 8,772 Allowance for finance receivable losses 910 1,085 Restricted cash and restricted cash equivalents 466 441 Other assets 26 33 Liabilities Long-term debt $ 7,999 $ 7,789 Other liabilities 13 15 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 $293 million in 2021, $338 million in 2020, and $326 million in 2019. SECURITIZED BORROWINGS Each of our securitizations contains a revolving period ranging from two REVOLVING CONDUIT FACILITIES We had access to 14 revolving conduit facilities with a total maximum borrowing capacity of $6.0 billion as of December 31, 2021. Our conduit facilities contain revolving periods during which time no principal payments are required, but may be made without penalty, followed by a subsequent amortization period. Principal balances of outstanding loans, if any, are due and payable in full over periods ranging up to nine years as of December 31, 2021. Amounts drawn on these facilities are collateralized by our personal loans. At December 31, 2021, an aggregate amount of $600 million was drawn under these facilities and the remaining borrowing capacity was $5.4 billion.

Insurance

Insurance	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Insurance	10. Insurance Our insurance business is conducted through our wholly owned insurance subsidiaries, American Health and Life Insurance Company (“AHL”) and Triton Insurance Company (“Triton”). AHL is a life and health insurance company licensed in 49 states, the District of Columbia, and Canada to write credit life, credit disability, and non-credit insurance products. Triton is a property and casualty insurance company licensed in 50 states, the District of Columbia, and Canada to write credit involuntary unemployment, credit disability, and collateral protection insurance. As part of our continuing integration efforts in connection with the OneMain Acquisition, we sold all of the issued and outstanding shares of our former insurance subsidiary, Merit Life Insurance Co. (“Merit”) during the 2019 period. INSURANCE RESERVES Components of our insurance reserves were as follows: (dollars in millions) December 31, 2021 2020 Finance receivable related: Payable to OMH: Unearned premium reserves $ 677 $ 662 Claim reserves 84 109 Subtotal (a) 761 771 Payable to third-party beneficiaries (b) 256 236 Non-finance receivable related (b) 365 385 Total $ 1,382 $ 1,392 (a) Reported as a contra-asset to net finance receivables. (b) Reported in insurance claims and policyholder liabilities. Our insurance subsidiaries enter into reinsurance agreements with other insurers. Reserves related to unearned premiums, claims and benefits assumed from non-affiliated insurance companies totaled $322 million and $338 million at December 31, 2021 and 2020, respectively. Reserves related to unearned premiums, claims and benefits ceded to non-affiliated insurance companies totaled $62 million and $66 million at December 31, 2021 and 2020, respectively. Changes in the reserve for unpaid claims and loss adjustment expenses (net of reinsurance recoverables): (dollars in millions) At or for the Years Ended December 31, 2021 2020 2019 Balance at beginning of period $ 148 $ 117 $ 117 Less reinsurance recoverables (3) (4) (4) Net balance at beginning of period 145 113 113 Additions for losses and loss adjustment expenses incurred to: Current year 212 272 200 Prior years * (18) (11) (15) Total 194 261 185 Reductions for losses and loss adjustment expenses paid related to: Current year (135) (161) (121) Prior years (89) (67) (64) Total (224) (228) (185) Foreign currency translation adjustment — (1) — Net balance at end of period 115 145 113 Plus reinsurance recoverables 3 3 4 Balance at end of period $ 118 $ 148 $ 117 * At December 31, 2021, $18 million reflected a redundancy in the prior years’ net reserves, primarily due to net favorable developments of credit disability and unemployment claims. At December 31, 2020, $11 million reflected a redundancy in the prior years’ net reserves, primarily due to net favorable developments of term life, credit life, and credit disability. At December 31, 2019, $15 million reflected a redundancy in the prior years’ net reserves, primarily due to favorable developments of credit life, disability, and unemployment claims. Incurred claims and allocated claim adjustment expenses, net of reinsurance, as of December 31, 2021, were as follows: Years Ended December 31, At December 31, 2021 (dollars in millions) 2017 (a) 2018 (a) 2019 (a) 2020 (a) 2021 Incurred-but- Cumulative Number of Reported Claims Cumulative Credit Insurance Accident Year 2017 $ 136 $ 129 $ 125 $ 125 $ 124 $ — 43,960 2.4 % 2018 — 146 135 134 133 3 42,883 2.2 % 2019 — — 155 150 150 10 45,444 2.0 % 2020 — — — 226 209 21 68,365 3.1 % 2021 — — — — 162 63 30,853 1.4 % Total $ 778 (a) Unaudited. (b) Includes expected development on reported claims. (c) Frequency for each accident year is calculated as the ratio of all reported claims incurred to the total exposures in force. Cumulative paid claims and allocated claim adjustment expenses, net of reinsurance, as of December 31, 2021, were as follows: Years Ended December 31, (dollars in millions) 2017 * 2018 * 2019* 2020* 2021 Credit Insurance Accident Year 2017 $ 75 $ 108 $ 118 $ 122 $ 124 2018 — 82 116 125 130 2019 — — 88 129 140 2020 — — — 129 188 2021 — — — — 99 Total $ 681 All outstanding liabilities before 2017, net of reinsurance — Liabilities for claims and claim adjustment expenses, net of reinsurance $ 97 * Unaudited. The reconciliations of the net incurred and paid claims development to the liability for claims and claim adjustment expenses were as follows: (dollars in millions) December 31, 2021 Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance: Credit insurance $ 97 Other short-duration insurance lines 2 Total 99 Insurance lines other than short-duration 19 Total gross liability for unpaid claims and claim adjustment expense $ 118 We use completion factors to estimate the unpaid claim liability for credit insurance and most other short-duration products. For some products, the unpaid claim liability is estimated as a percent of exposure. There have been no significant changes in methodologies or assumptions during 2021. Our average annual percentage payout of incurred claims by age, net of reinsurance, as of December 31, 2021, were as follows: Years 1 2 3 4 5 Credit insurance* 60.9 % 26.9 % 7.4 % 3.6 % 1.1 % * Unaudited. STATUTORY ACCOUNTING Our insurance subsidiaries file financial statements prepared using statutory accounting practices prescribed or permitted by the Department of Insurance (“DOI”) which is a comprehensive basis of accounting other than GAAP. The primary differences between statutory accounting practices and GAAP are that under statutory accounting, policy acquisition costs are expensed as incurred, policyholder liabilities are generally valued using prescribed actuarial assumptions, and certain investment securities are reported at amortized cost. We are not required and did not apply purchase accounting to the insurance subsidiaries on a statutory basis. Statutory net income (loss) for our insurance companies by type of insurance was as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Property and casualty: Triton $ 66 $ (7) $ 16 Life and health: AHL $ 79 $ 114 $ 56 Statutory capital and surplus for our insurance companies by type of insurance were as follows: (dollars in millions) December 31, 2021 2020 Property and casualty: Triton $ 210 $ 137 Life and health: AHL $ 292 $ 261 Our insurance companies are also subject to risk-based capital requirements adopted by the Texas DOI. Minimum statutory capital and surplus is the risk-based capital level that would trigger regulatory action. At December 31, 2021 and 2020, our insurance subsidiaries’ statutory capital and surplus exceeded the risk-based capital minimum required levels. DIVIDEND RESTRICTIONS Our insurance subsidiaries are subject to domiciliary state regulations that limit their ability to pay dividends. Our previously owned life insurance subsidiary, Merit, was domiciled in Indiana and redomesticated to Texas on January 28, 2019. AHL and Triton are domiciled in Texas. State law restricts the amounts that our insurance subsidiaries may pay as dividends without prior notice to the state of domicile DOI. The maximum amount of dividends, referred to as “ordinary dividends,” for an Indiana or Texas domiciled life insurance company that can be paid without prior approval in a 12 month period (measured retrospectively from the date of payment) is the greater of: (i) 10% of policyholders’ surplus as of the prior year-end or (ii) the statutory net gain from operations as of the prior year-end. Any amount greater must be approved by the state of domicile DOI. The maximum ordinary dividends for a Texas domiciled property and casualty insurance company that can be paid without prior approval in a 12 month period (measured retrospectively from the date of payment) is the greater of: (i) 10% of policyholders’ surplus as of the prior year-end or (ii) the statutory net income. Any amount greater must be approved by the state of domicile DOI. These approved dividends are called “extraordinary dividends.” Ordinary dividends paid were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 AHL $ 50 $ 48 $ — Extraordinary dividends paid were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Merit $ — $ — $ 140

Capital Stock and Earnings Per

Capital Stock and Earnings Per Share (OMH Only)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Capital Stock and Earnings Per Share (OMH Only)	11. Capital Stock and Earnings Per Share (OMH Only) CAPITAL STOCK OMH has two classes of authorized capital stock: preferred stock and common stock. OMFC has two classes of authorized capital stock: special stock and common stock. OMH and OMFC may issue preferred stock and special stock, respectively, in one or more series. The OMH Board of Directors and the OMFC Board of Directors determine the dividend, liquidation, redemption, conversion, voting, and other rights prior to issuance. Par value and shares authorized at December 31, 2021 were as follows: OMH OMFC Preferred Stock * Common Stock Special Stock Common Stock Par value $ 0.01 $ 0.01 $ — $ 0.50 Shares authorized 300,000,000 2,000,000,000 25,000,000 25,000,000 * No shares of OMH preferred stock or OMFC special stock were issued and outstanding at December 31, 2021 or 2020. Changes in OMH shares of common stock issued and outstanding were as follows: At or for the Years Ended December 31, 2021 2020 2019 Balance at beginning of period 134,341,724 136,101,156 135,832,278 Common shares issued 180,839 272,266 268,878 Common shares repurchased * (6,712,923) (2,031,698) — Balance at end of period 127,809,640 134,341,724 136,101,156 * During the year ended December 31, 2021, the common stock repurchased was held in treasury. During the year ended December 31, 2020, the common stock repurchased was retired. OMFC shares issued and outstanding were as follows: Special Stock Common Stock 2021 2020 2021 2020 Shares issued and outstanding — — 10,160,021 10,160,021 EARNINGS PER SHARE (OMH ONLY) The computation of earnings per share was as follows: (dollars in millions, except per share data) Years Ended December 31, 2021 2020 2019 Numerator (basic and diluted): Net income $ 1,314 $ 730 $ 855 Denominator: Weighted average number of shares outstanding (basic) 132,653,889 134,716,012 136,070,837 Effect of dilutive securities * 400,605 203,246 256,074 Weighted average number of shares outstanding (diluted) 133,054,494 134,919,258 136,326,911 Earnings per share: Basic $ 9.90 $ 5.42 $ 6.28 Diluted $ 9.87 $ 5.41 $ 6.27 * We have excluded weighted-average unvested restricted stock units totaling 421,511, 231,125, and 270,955 for 2021, 2020, and 2019, respectively, from the fully-diluted earnings per share calculations as these shares would be anti-dilutive, which could impact the earnings per share calculation in the future. 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 restricted stock units (“RSUs”) and restricted stock awards (“RSAs”).

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	12. Accumulated Other Comprehensive Income (Loss) Changes, net of tax, in accumulated other comprehensive income (loss) were as follows: (dollars in millions) Unrealized Retirement Foreign Other (b) Total Year Ended December 31, 2021 Balance at beginning of period $ 91 $ 1 $ 2 $ — $ 94 Other comprehensive income (loss) before reclassifications (41) — 1 8 (32) Reclassification adjustments from accumulated other comprehensive income (1) — — — (1) Balance at end of period $ 49 $ 1 $ 3 $ 8 $ 61 Year Ended December 31, 2020 Balance at beginning of period $ 41 $ 3 $ — $ — $ 44 Other comprehensive income (loss) before reclassifications 51 (2) 2 — 51 Reclassification adjustments from accumulated other comprehensive income (1) — — (1) Balance at end of period $ 91 $ 1 $ 2 $ — $ 94 Year Ended December 31, 2019 Balance at beginning of period $ (28) $ (3) $ (3) $ — $ (34) Other comprehensive income before reclassifications 68 6 3 — 77 Reclassification adjustments from accumulated other comprehensive income 1 — — — 1 Balance at end of period $ 41 $ 3 $ — $ — $ 44 (a) There were no material amounts related to available-for-sale debt securities for which an allowance for credit losses was recorded during the year ended December 31, 2021. There were no amounts related to available-for-sale debt securities for which an allowance for credit losses was recorded during the years ended December 31, 2020 and 2019. (b) Other primarily includes changes in the fair value of our mark-to-market derivative instruments that have been designated as cash flow hedges. Reclassification adjustments from accumulated other comprehensive income (loss) to the applicable line item on our consolidated statements of operations were immaterial for the years ended December 31, 2021, 2020, and 2019.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes OMH and all of its eligible domestic U.S. subsidiaries file a consolidated life/non-life federal tax return with the IRS. Income taxes from the consolidated federal and state tax returns are allocated to our eligible subsidiaries under a tax sharing agreement with OMH. The Company’s foreign subsidiaries/branches file tax returns in Canada, Puerto Rico, and the U.S. Virgin Islands. The Company recognizes a deferred tax liability for the undistributed earnings of its foreign operations, if any, as we do not consider the amounts to be permanently reinvested. As of December 31, 2021, the Company had no undistributed foreign earnings. Components of income before income tax expense were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Income before income tax expense - U.S. operations $ 1,722 $ 973 $ 1,082 Income before income tax expense - foreign operations 19 4 16 Total $ 1,741 $ 977 $ 1,098 Components of income tax expense (benefit) were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Current: Federal $ 298 $ 235 $ 205 Foreign 1 9 3 State 50 45 34 Total current 349 289 242 Deferred: Federal 55 (43) 15 State 23 1 (14) Total deferred 78 (42) 1 Total $ 427 $ 247 $ 243 Expense from foreign income taxes includes foreign subsidiaries/branches that operate in Canada, Puerto Rico, and the U.S. Virgin Islands. OMH's reconciliations of the statutory federal income tax rate to the effective income tax rate were as follows: Years Ended December 31, 2021 2020 2019 Statutory federal income tax rate 21.00 % 21.00 % 21.00 % State income taxes, net of federal 3.27 3.52 3.49 Change in valuation allowance 0.24 0.08 (2.07) Nondeductible compensation 0.50 0.25 0.13 Other, net (0.45) 0.48 (0.39) Effective income tax rate 24.56 % 25.33 % 22.16 % OMFC's reconciliations of the statutory federal income tax rate to the effective income tax rate were as follows: Years Ended December 31, 2021 2020 2019 Statutory federal income tax rate 21.00 % 21.00 % 21.00 % State income taxes, net of federal 3.27 3.52 3.49 Change in valuation allowance 0.24 0.08 (2.06) Nondeductible compensation 0.50 0.25 0.13 Other, net (0.45) 0.48 (0.29) Effective income tax rate 24.56 % 25.33 % 22.27 % The lower effective income tax rate in 2021 as compared to 2020 is primarily due to recording the benefit of tax credits and lower state tax expense. The higher effective income tax rate in 2020 as compared to 2019 is primarily due to the release of the valuation allowance against certain state deferred taxes in 2019. A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits (all of which would affect the effective income tax rate if recognized) is as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Balance at beginning of year $ 10 $ 12 $ 17 Increases in tax positions for current years 2 2 2 Increases in tax positions for prior years 2 — 2 Lapse in statute of limitations (2) (4) (3) Settlements with tax authorities (4) — (6) Balance at end of year $ 8 $ 10 $ 12 Our gross unrecognized tax benefits include related interest and penalties. We accrue interest and penalties 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. We are under examination by various states for the years 2017 to 2018. Management believes it has adequately provided for taxes for such years. Components of deferred tax assets and liabilities were as follows: (dollars in millions) December 31, 2021 2020 Deferred tax assets: Allowance for loan losses $ 523 $ 568 Net operating losses and tax credits 32 30 Insurance reserves 34 19 Pension/employee benefits 22 15 Other 32 33 Total $ 643 $ 665 Deferred tax liabilities: Goodwill $ 144 $ 120 Debt fair value adjustment 43 46 Deferred loan fees 33 21 Fair value of equity and securities investments 17 27 Fixed assets 13 15 Other 26 9 Total $ 276 $ 238 Net deferred tax assets before valuation allowance $ 367 $ 427 Valuation allowance (28) (22) Net deferred tax assets $ 339 $ 405 The gross deferred tax liabilities are expected to reverse in time, and projected taxable income is expected to be sufficient to create positive taxable income, which will allow for the realization of all of our gross federal deferred tax assets and a portion of the state deferred tax assets. The decrease in net deferred tax assets of $66 million was primarily due to the tax effect of the decrease in the allowance for finance receivable losses and the tax amortization of goodwill. At December 31, 2021, we had state net operating loss carryforwards of $375 million compared to $451 million at December 31, 2020. The state net operating loss carryforwards mostly expire between 2026 and 2041, except for some states which conform to the federal rules for indefinite carryforward. We had a valuation allowance on our gross state deferred tax assets, net of deferred federal tax benefit, of $23 million and $19 million at December 31, 2021 and 2020, respectively. The total valuation allowance was established based on management’s determination that the deferred tax assets are more likely than not to not be realized. During 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and the Consolidated Appropriations Act of 2021 (the “CAA”) were signed into law. During 2021, the American Rescue Plan Act of 2021 (the “ARPA”) was signed into law. Among other things, the provisions of these laws relate to refundable payroll tax credits, deferment of employer side social security payments, net operating loss carryback periods, and technical corrections to tax depreciation methods for qualified improvement property. Based on our review, we have determined the CARES Act, the CAA, and the ARPA will not have a material impact on our consolidated financial statements. We will continue to monitor legislative developments related to the COVID-19 pandemic, along with other tax legislative and regulatory developments.

Leases and Contingencies

Leases and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Leases and Contingencies	14. Leases and Contingencies LEASES Our operating leases primarily consist of leased office space, automobiles, and information technology equipment and have remaining lease terms of one Our operating right-of-use asset and liability balances were $140 million and $151 million, respectively, at December 31, 2021 and $153 million and $165 million, respectively, at December 31, 2020. At December 31, 2021, maturities of lease liabilities, excluding leases on a month-to-month basis, were as follows: (dollars in millions) Operating Leases 2022 $ 57 2023 42 2024 28 2025 19 2026 12 2027 5 Thereafter 1 Total lease payments 164 Imputed interest (13) Total $ 151 Weighted Average Remaining Lease Term 3.71 years Weighted Average Discount Rate 3.34 % Operating lease cost and variable lease cost, which are recorded in other operating expenses, were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Operating lease cost $ 60 $ 63 $ 61 Variable lease cost 15 15 16 Total $ 75 $ 78 $ 77 Our sublease income was immaterial for the years ended December 31, 2021, 2020, and 2019. 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 range of 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.

Retirement Benefit Plans

Retirement Benefit Plans	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Retirement Benefit Plans	15. Retirement Benefit Plans DEFINED CONTRIBUTION PLAN The Company sponsors a voluntary defined contribution plan to eligible employees of the Company. OneMain 401(k) Plan The OneMain 401(k) Plan (the “401(k) Plan”) provided for a 100% Company matching on the first 4% of the salary reduction contributions of the employees for 2021, 2020, and 2019. The salaries and benefits expense associated with this plan was $17 million in 2021, $18 million in 2020, and $17 million in 2019. In addition, the Company may make a discretionary profit sharing contribution to the 401(k) Plan. The Company has full discretion to determine whether to make such a contribution, and the amount of such contribution. In no event, however, will the discretionary profit sharing contribution exceed 4% of annual pay. The Company did not make any discretionary profit sharing contributions to the 401(k) Plan in 2021, 2020, or 2019. DEFINED BENEFIT PLANS Springleaf Financial Services Retirement Plan The Springleaf Financial Services Retirement Plan (the “Springleaf Retirement Plan”) is a qualified non-contributory defined benefit plan, which is subject to the provisions of Employee Retirement Income Security Act of 1974 (“ERISA”). Effective December 31, 2012, the Springleaf Retirement Plan was frozen with respect to both benefits accrual and new participation. U.S. salaried employees who were employed by a participating company, had attained age 21, and completed twelve months of continuous service were eligible to participate in the plan. Employees generally vested after 5 years of service. Prior to January 1, 2013, unreduced benefits were paid to retirees at normal retirement (age 65) and were based upon a percentage of final average compensation multiplied by years of credited service, up to 44 years. Our current and former employees will not lose any vested benefits in the Springleaf Retirement Plan that accrued prior to January 1, 2013. CommoLoCo Retirement Plan The CommoLoCo Retirement Plan is a qualified non-contributory defined benefit plan, which is subject to the provisions of ERISA and the Puerto Rico tax code. Effective December 31, 2012, the CommoLoCo Retirement Plan was frozen. Puerto Rican residents employed by CommoLoCo, Inc., our Puerto Rican subsidiary, who had attained age 21 and completed one year of service, were eligible to participate in the plan. Our former employees in Puerto Rico will not lose any vested benefits in the CommoLoCo Retirement Plan that accrued prior to January 1, 2013. Unfunded Defined Benefit Plans We sponsor unfunded defined benefit plans for certain employees, including key executives, designed to supplement pension benefits provided by our other retirement plans. These include: (i) the Springleaf Financial Services Excess Retirement Income Plan (the “Excess Retirement Income Plan”), which provides a benefit equal to the reduction in benefits payable to certain employees under our qualified retirement plan as a result of federal tax limitations on compensation and benefits payable; and (ii) the Supplemental Executive Retirement Plan (“SERP”), which provides additional retirement benefits to designated executives. Benefits under the Excess Retirement Income Plan were frozen as of December 31, 2012, and benefits under the SERP were frozen at the end of August 2004. OBLIGATIONS AND FUNDED STATUS The following table presents the funded status of the defined benefit pension plans. The funded status of the plans is measured as the difference between the plan assets at fair value and the projected benefit obligation. (dollars in millions) Pension At or for the Years Ended December 31, 2021 2020 2019 Projected benefit obligation, beginning of period $ 401 $ 364 $ 320 Interest cost 7 10 12 Actuarial loss (gain) (a) (18) 42 47 Benefits paid: Plan assets (16) (15) (15) Projected benefit obligation, end of period (b) 374 401 364 Fair value of plan assets, beginning of period 405 363 308 Actual return on plan assets, net of expenses (7) 56 69 Company contributions 1 1 1 Benefits paid: Plan assets (16) (15) (15) Fair value of plan assets, end of period (b) 383 405 363 Funded status, end of period $ 9 $ 4 $ (1) Other assets (other liabilities) recognized in the consolidated balance sheet $ 9 $ 4 $ (1) Pretax net gain recognized in accumulated other comprehensive income (loss) $ 2 $ 3 $ 4 (a) For the years ended December 31, 2021, 2020, and 2019, the actuarial gains or losses were primarily due to year-over-year fluctuations in discount rates used to calculate the present value of benefit obligations for the defined benefit plans. Adoption of updated mortality assumptions had additional impacts on calculation of gains or losses as did the implementation of refined plan demographic assumptions at December 31, 2019. (b) Includes three underfunded benefit plans, for which the aggregate projected benefit obligation and accumulated benefit obligation exceeded the related plan assets by $13 million, $14 million, and $13 million at December 31, 2021, 2020, and 2019, respectively. The following table presents the components of net periodic benefit cost recognized in income and other amounts recognized in accumulated other comprehensive income or loss with respect to the defined benefit pension plans: (dollars in millions) Pension Years Ended December 31, 2021 2020 2019 Components of net periodic benefit cost: Interest cost $ 7 $ 10 $ 12 Expected return on assets (12) (15) (15) Net periodic benefit cost (5) (5) (3) Other changes in plan assets and projected benefit obligation recognized in other comprehensive income or loss: Net actuarial loss (gain) 1 2 (7) Total recognized in other comprehensive income or loss 1 2 (7) Total recognized in net periodic benefit cost and other comprehensive income $ (4) $ (3) $ (10) Assumptions The following table summarizes the weighted average assumptions used to determine the projected benefit obligations and the net periodic benefit costs: Pension December 31, 2021 2020 Projected benefit obligation: Discount rate 2.67 % 2.30 % Net periodic benefit costs: Discount rate 2.30 % 3.08 % Expected long-term rate of return on plan assets 3.04 % 4.28 % Discount Rate Methodology The projected benefit cash flows were discounted using the spot rates derived from the unadjusted FTSE Pension Discount Curve at December 31, 2021 and December 31, 2020 , and an equivalent weighted average discount rate was derived that resulted in the same liability. Investment Strategy The investment strategy with respect to assets relating to our pension plans is designed to achieve investment returns that will (i) provide for the benefit obligations of the plans over the long term; (ii) limit the risk of short-term funding shortfalls; and (iii) maintain liquidity sufficient to address cash needs. Accordingly, the asset allocation strategy is designed to maximize the investment rate of return while managing various risk factors, including but not limited to, volatility relative to the benefit obligations, diversification and concentration, and the risk and rewards profile indigenous to each asset class. Allocation of Plan Assets The long-term strategic asset allocation is reviewed and revised annually. The plans’ assets are monitored by our Retirement Plans Committee and the investment managers, which can entail allocating the plans’ assets among approved asset classes within pre-approved ranges permitted by the strategic allocation. At December 31, 2021, the actual asset allocation for the primary asset classes was 95% in fixed income securities, 4% in equity securities, and 1% in cash and cash equivalents. The 2022 target asset allocation for the primary asset classes is 96% in fixed income securities and 4% in equity securities. The actual allocation may differ from the target allocation at any particular point in time. The expected long-term rate of return for the plans was 3.0% for the Springleaf Retirement Plan and 4.3% for the CommoLoCo Retirement Plan for 2021. The expected rate of return is an aggregation of expected returns within each asset class category. The expected asset return and any contributions made by the Company together are expected to maintain the plans’ ability to meet all required benefit obligations. The expected asset return with respect to each asset class was developed based on a building block approach that considers historical returns, current market conditions, asset volatility and the expectations for future market returns. While the assessment of the expected rate of return is long-term, and thus, not expected to change annually, significant changes in investment strategy or economic conditions may warrant such a change. Expected Cash Flows Funding for the U.S. pension plan ranges from the minimum amount required by ERISA to the maximum amount that would be deductible for U.S. tax purposes. This range is generally not determined until the fourth quarter. Contributed amounts in excess of the minimum amounts are deemed voluntary. Amounts in excess of the maximum amount would be subject to an excise tax and may not be deductible under the Internal Revenue Code. Supplemental and excess plans’ payments and postretirement plan payments are deductible when paid. The expected future benefit payments, net of participants’ contributions, of our defined benefit pension plans at December 31, 2021 are as follows: (dollars in millions) Pension 2022 $ 17 2023 17 2024 17 2025 17 2026 18 2027-2031 90 FAIR VALUE MEASUREMENTS — PLAN ASSETS The inputs and methodology used in determining the fair value of the plan assets are consistent with those used to measure our assets. See Note 2 for a discussion of the accounting policies related to fair value measurements, which includes the valuation process and the inputs used to develop our fair value measurements. The following table presents information about our plan assets measured at fair value and indicates the fair value hierarchy based on the levels of inputs we utilized to determine such fair value: (dollars in millions) Level 1 Level 2 Level 3 Total December 31, 2021 Assets: Cash and cash equivalents $ 4 $ — $ — $ 4 Equity securities: U.S. (a) 1 1 — 2 International (b) 1 — — 1 Fixed income securities: U.S. investment grade (c) 28 276 — 304 U.S. high yield (d) — 4 — 4 Total $ 34 $ 281 $ — $ 315 Investments measured at NAV (e) 68 Total investments at fair value $ 383 December 31, 2020 Assets: Cash and cash equivalents $ 4 $ — $ — $ 4 Equity securities: U.S. (a) 2 — — 2 International (b) 1 — — 1 Fixed income securities: U.S. investment grade (c) 45 307 — 352 U.S. high yield (d) — 4 — 4 Total $ 52 $ 311 $ — $ 363 Investments measured at NAV (e) 42 Total investments at fair value $ 405 (a) Includes index mutual funds that primarily track several indices, including S&P 500 and S&P 600, in addition to other actively managed accounts, comprised of investments in small cap and large cap companies. (b) Includes investment mutual funds in companies in emerging and developed markets. (c) Includes investment mutual funds in U.S. and non-U.S. government issued bonds, U.S. government agency or sponsored agency bonds, and investment grade corporate bonds. (d) Includes investment mutual funds in securities or debt obligations that have a rating below investment grade. (e) We have elected the practical expedient to exclude certain investments that were measured at net asset value ("NAV") per share (or equivalent) from the fair value hierarchy. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. Based on our investment strategy, we have no significant concentrations of risks.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	16. Share-Based Compensation ONEMAIN HOLDINGS, INC. AMENDED 2013 OMNIBUS INCENTIVE PLAN In 2013, OMH adopted the OneMain Holdings, Inc. Amended 2013 Omnibus Incentive Plan (the “Omnibus Plan”). As of December 31, 2021, 12,339,199 shares of common stock were reserved for issuance under the Omnibus Plan. The amount of shares reserved is adjusted annually at the beginning of the year by a number of shares equal to the excess of 10% of the number of outstanding shares on the last day of the previous fiscal year over the number of shares reserved and available for issuance as of the last day of the previous fiscal year. The Omnibus Plan allows for issuance of stock options, RSUs, RSAs, stock appreciation rights, and other stock-based awards and cash awards. Total share-based compensation expense, net of forfeitures, for all equity-based awards totaled $22 million, $15 million, and $13 million during 2021, 2020, and 2019, respectively. The total income tax benefit recognized for stock-based compensation was $6 million, $4 million, and $3 million in 2021, 2020, and 2019, respectively. As of December 31, 2021, there was total unrecognized compensation expense of $53 million related to unvested stock-based awards that are expected to be recognized over a weighted average period of approximately two years. Service-based Awards OMH has granted service-based RSUs to certain non-employee directors, executives, and employees. The RSUs are granted with varying service terms of one year to five years and do not provide the holders with any rights as shareholders, except with respect to dividend equivalents. The grant date fair value for RSUs is generally the closing market price of OMH’s common stock on the date of the award. Expense for service-based awards is amortized on a straight-line basis over the vesting period, based on the number of awards that are ultimately expected to vest. The weighted-average grant date fair value of service-based awards issued in 2021, 2020, and 2019, was $55.39, $39.86, and $30.10, respectively. The total fair value of service-based awards that vested during 2021, 2020, and 2019 was $12 million, $15 million, and $12 million, respectively. The following table summarizes the service-based stock activity and related information for the Omnibus Plan for 2021: Number of Weighted Weighted Unvested as of January 1, 2021 423,468 $ 37.09 Granted 649,593 55.39 Vested (296,425) 40.62 Forfeited (40,351) 48.00 Unvested at December 31, 2021 736,285 51.25 1.47 Performance-based Awards During 2021, 2020 and 2019, OMH awarded certain executives performance-based awards that may be earned based on the financial performance of OMH or the market performance of OMH’s common stock. These awards are subject to the achievement of performance goals during either a cumulative three-year period or up to a seven-year period. The awards are considered earned after the attainment of the performance goal, which can occur during or after the performance period when results have been evaluated and approved by the committee of the OMH Board of Directors, which oversees OMH's compensation programs (the "Compensation Committee"), and vest according to their certain terms and conditions. The fair value for performance-based awards is typically based on the closing market price of OMH's stock on the date of the award. For performance-based awards with market conditions, the fair value is measured on the grant date using an option-pricing model. Expense for performance-based awards is typically recognized over the requisite service period when it is probable that the performance goals will be achieved and is based on the total number of units expected to vest. Expense for awards with graded vesting is recognized under the accelerated method, whereby each vesting is treated as a separate award with expense for each vesting recognized ratably over the requisite service period. If minimum targets are not achieved by the end of the respective performance periods, all unvested shares related to those targets will be forfeited and canceled, and all expense recognized to that date is reversed. Expense for performance-based awards with market conditions is recognized over the requisite service period, which represents the period over which the market condition is expected to be satisfied. The weighted average grant date fair value of performance-based awards issued in 2021, 2020, and 2019 was $40.62, $42.86, and $31.86, respectively. The total fair value of performance-based awards that vested was immaterial during 2021, 2020, and 2019. The following table summarizes the performance-based stock activity and related information for the Omnibus Plan for 2021: Number of Weighted Weighted Unvested as of January 1, 2021 290,725 $ 36.23 Granted 724,031 40.62 Vested — — Forfeited (40,065) 45.31 Unvested at December 31, 2021 974,691 39.12 1.93 Cash-settled Stock-based Awards OMH has granted cash-settled stock-based awards to certain executives. These awards are granted with vesting conditions relating to the trading price of OMH's common stock and the portion of OMH's common stock owned by stockholders other than the Apollo-Värde Group, and certain other terms and conditions. The awards provide for the right to accrue cash dividend equivalents. The grant date fair value of the cash-settled stock-based awards was zero because the satisfaction of the required event-based performance conditions was not considered probable as of the grant dates.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment Information	17. Segment Information At December 31, 2021, 2020, and 2019, Consumer and Insurance (“C&I”) was our only reportable segment. The remaining components (which we refer to as “Other”) consist of our liquidating SpringCastle Portfolio servicing activity and our non-originating legacy operations, which primarily include our liquidating real estate loans. The accounting policies of the C&I segment are the same as those disclosed in Note 2, except as described below. We report the operating results of C&I 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. We allocate revenues and expenses on a Segment Accounting Basis to the C&I segment and Other using the following methodologies: Interest income Directly correlated to C&I segment and Other. Interest expense C&I and Other - The Company has secured and unsecured debt. The Company first allocates interest expense to its C&I segment based on actual expense for secured debt. Interest expense for unsecured debt is recorded to the C&I segment using a weighted average interest rate applied to allocated average unsecured debt. Total average unsecured debt is allocated as follows: l Other - at 100% of asset base. (Asset base represents the average net finance receivables including finance receivables held for sale); and l C&I - receives remainder of unallocated average debt. Provision for finance receivable losses Directly correlated to the C&I segment. Other revenues Directly correlated to the C&I segment and Other. Other expenses Salaries and benefits - Directly correlated to C&I segment and Other. Other salaries and benefits not directly correlated with the C&I segment and Other are allocated based on services provided. Other operating expenses - Directly correlated to the C&I segment and Other. Other operating expenses not directly correlated to the C&I segment and Other are allocated based on services provided. Insurance policy benefits and claims - Directly correlated to the C&I segment. Acquisition-related transaction and integration expenses - Consist of: (i) acquisition-related transaction and integration costs related to the OneMain Acquisition, including legal and other professional fees, which we primarily report in Other, as these are costs related to acquiring the business as opposed to operating the business; (ii) software termination costs, which are allocated to Consumer and Insurance; and (iii) incentive compensation incurred above and beyond expected cost from acquiring and retaining talent in relation to the OneMain Acquisition, which are allocated to C&I segment and Other based on services provided. The "Segment to GAAP Adjustment” column in the following tables primarily consists of: • Interest income - reverses the impact of premiums/discounts on certain purchased finance receivables and the interest income recognition under guidance in ASC 310-20, Nonrefundable Fees and Other Costs , and ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality , prior to the adoption of ASU 2016-13 on January 1, 2020, and reestablishes interest income recognition on a historical cost basis; • Interest expense - reverses the impact of premiums/discounts on acquired long-term debt and reestablishes interest expense recognition on a historical cost basis; • Provision for finance receivable losses - reverses the impact of providing an allowance for finance receivable losses upon acquisition and reestablishes the allowance on a historical cost basis leveraging historical TDR receivables and reverses the impact of recognition of net charge-offs on purchased credit impaired finance receivables, prior to the adoption of ASU 2016-13 on January 1, 2020, and reestablishes the net charge-offs on a historical cost basis; • Other revenues - reestablishes the historical cost basis of mark-to-market adjustments on finance receivables held for sale and on realized gains/losses associated with our investment portfolio; • Other expenses - reestablishes expenses on a historical cost basis by reversing the impact of amortization from acquired intangible assets, including amortization of other historical deferred costs and the amortization of purchased software assets on a historical cost basis; and • Assets - revalues assets based on their fair values at the effective date of the acquisition. The following tables present information about C&I and Other, as well as reconciliations to the consolidated financial statement amounts. (dollars in millions) Consumer Other Segment to Consolidated At or for the Year Ended December 31, 2021 Interest income $ 4,355 $ 5 $ 4 $ 4,364 Interest expense 930 3 4 937 Provision for finance receivable losses 587 — 6 593 Net interest income after provision for finance receivable losses 2,838 2 (6) 2,834 Other revenues 527 12 (8) 531 Other expenses 1,577 21 26 1,624 Income (loss) before income tax expense (benefit) $ 1,788 $ (7) $ (40) $ 1,741 Assets $ 20,019 $ 40 $ 2,020 $ 22,079 At or for the Year Ended December 31, 2020 Interest income $ 4,353 $ 6 $ 9 $ 4,368 Interest expense 1,007 4 16 1,027 Provision for finance receivable losses 1,313 — 6 1,319 Net interest income after provision for finance receivable losses 2,033 2 (13) 2,022 Other revenues 515 13 (2) 526 Other expenses 1,527 24 20 1,571 Income (loss) before income tax expense (benefit) $ 1,021 $ (9) $ (35) $ 977 Assets $ 20,376 $ 57 $ 2,038 $ 22,471 At or for the Year Ended December 31, 2019 Interest income $ 4,114 $ 9 $ 4 $ 4,127 Interest expense 947 5 18 970 Provision for finance receivables losses 1,105 — 24 1,129 Net interest income after provision for finance receivable losses 2,062 4 (38) 2,028 Other revenues * 600 32 (10) 622 Other expenses 1,494 39 19 1,552 Income (loss) before income tax expense (benefit) $ 1,168 $ (3) $ (67) $ 1,098 Assets $ 20,705 $ 77 $ 2,035 $ 22,817 * Other revenues in Other include the gain on the February 2019 Real Estate Loan Sale, as well as the impairment adjustments on the remaining loans in held for sale in 2019.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	18. Fair Value Measurements The fair value of a financial instrument is the expected amount that would be received if an asset were to be sold or the expected amount that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The degree of judgment used in measuring the fair value of financial instruments generally correlates with the level of pricing observability. Financial instruments with quoted prices in active markets generally have more pricing observability and less judgment is used in measuring fair value. Conversely, financial instruments traded in other-than-active markets or that do not have quoted prices have less observability and are measured at fair value using valuation models or other pricing techniques that require more judgment. An other-than-active market is one in which there are few transactions, the prices are not current, price quotations vary substantially either over time or among market makers, or little information is released publicly for the asset or liability being valued. Pricing observability is affected by a number of factors, including the type of financial instrument, whether the financial instrument is listed on an exchange, traded over-the-counter, or is new to the market and not yet established, the characteristics specific to the transaction, and general market conditions. See Note 2 for a discussion of the accounting policies related to fair value measurements, which includes the valuation process and the inputs used to develop our fair value measurements. 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 December 31, 2021 Assets Cash and cash equivalents $ 535 $ 6 $ — $ 541 $ 541 Investment securities 59 1,927 6 1,992 1,992 Net finance receivables, less allowance for finance receivable losses — — 20,083 20,083 17,117 Restricted cash and restricted cash equivalents 476 — — 476 476 Other assets * — — 52 52 46 Liabilities Long-term debt $ — $ 18,781 $ — $ 18,781 $ 17,750 December 31, 2020 Assets Cash and cash equivalents $ 2,255 $ 17 $ — $ 2,272 $ 2,272 Investment securities 44 1,870 8 1,922 1,922 Net finance receivables, less allowance for finance receivable losses — — 18,629 18,629 15,815 Restricted cash and restricted cash equivalents 451 — — 451 451 Other assets * — 2 60 62 62 Liabilities Long-term debt $ — $ 19,426 $ — $ 19,426 $ 17,800 * Other assets at December 31, 2021 and December 31, 2020 primarily consists of finance receivables held for sale. 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 December 31, 2021 Assets Cash equivalents in mutual funds $ 41 $ — $ — $ 41 Cash equivalents in securities — 6 — 6 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 16 — 16 Obligations of states, municipalities, and political subdivisions — 79 — 79 Commercial paper — 50 — 50 Non-U.S. government and government sponsored entities — 155 — 155 Corporate debt 5 1,292 5 1,302 RMBS — 170 — 170 CMBS — 45 — 45 CDO/ABS — 90 — 90 Total available-for-sale securities 5 1,897 5 1,907 Other securities Bonds: Corporate debt — 9 — 9 RMBS — 1 — 1 CDO/ABS — 20 — 20 Total bonds — 30 — 30 Preferred stock 22 — — 22 Common stock 32 — 1 33 Total other securities 54 30 1 85 Total investment securities 59 1,927 6 1,992 Restricted cash equivalents in mutual funds 468 — — 468 Total $ 568 $ 1,933 $ 6 $ 2,507 Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2020 Assets Cash equivalents in mutual funds $ 2,018 $ — $ — $ 2,018 Cash equivalents in securities — 17 — 17 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 12 — 12 Obligations of states, municipalities, and political subdivisions — 92 — 92 Certificates of deposit and commercial paper — 28 — 28 Non-U.S. government and government sponsored entities — 146 — 146 Corporate debt 5 1,207 6 1,218 RMBS — 215 — 215 CMBS — 58 — 58 CDO/ABS — 78 — 78 Total available-for-sale securities 5 1,836 6 1,847 Other securities Bonds: Non-U.S. government and government sponsored entities — 1 — 1 Corporate debt — 16 1 17 CDO/ABS — 17 — 17 Total bonds — 34 1 35 Preferred stock 13 — — 13 Common stock 26 — 1 27 Total other securities 39 34 2 75 Total investment securities 44 1,870 8 1,922 Restricted cash equivalents in mutual funds 441 — — 441 Total $ 2,503 $ 1,887 $ 8 $ 4,398 Due to the insignificant activity within the Level 3 assets during the years ended December 31, 2021 and 2020, 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. 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 during the years ended December 31, 2021 and 2020. FAIR VALUE MEASUREMENTS — VALUATION METHODOLOGIES AND ASSUMPTIONS We use the following methods and assumptions to estimate fair value. Cash and Cash Equivalents Cash equivalents in mutual funds include positions in money market funds with weighted average maturity of less than 90 days. Money market funds are reported at their current carrying value, which approximates fair value due to the short-term nature of these instruments and are categorized as Level 1 within the fair value table. Cash equivalents in securities includes highly liquid investments with a maturity of less than 90 days at purchase. The carrying amount of these cash equivalents approximates fair value due to the short time between the purchase and expected maturity of these securities. Cash equivalents in securities are categorized as Level 2 within the fair value table. Restricted Cash and Restricted Cash Equivalents The carrying amount of restricted cash and restricted cash equivalents approximates fair value. Investment Securities We utilize third-party valuation service providers to measure the fair value of our investment securities, which are classified as available-for-sale or other securities and consist primarily of bonds. Whenever available, we obtain quoted prices in active markets for identical assets at the balance sheet date to measure investment securities at fair value. We generally obtain market price data from exchange or dealer markets. We estimate the fair value of fixed maturity investment securities not traded in active markets by referring to traded securities with similar attributes, using dealer quotations and a matrix pricing methodology, or discounted cash flow analyses. This methodology considers such factors as the issuer’s industry, the security’s rating and tenor, its coupon rate, its position in the capital structure of the issuer, yield curves, credit curves, composite ratings, bid-ask spreads, prepayment rates and other relevant factors. For fixed maturity investment securities that are not traded in active markets or that are subject to transfer restrictions, we adjust the valuations to reflect illiquidity and/or non-transferability. Such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. We elect the fair value option for investment securities that are deemed to incorporate an embedded derivative and for which it is impracticable for us to isolate and/or value the derivative. The fair value of certain investment securities is based on the amortized cost, which is assumed to approximate fair value. Finance Receivables The fair value of net finance receivables, less allowance for finance receivable losses, is primarily determined using discounted cash flow methodologies. The application of these methodologies requires us to make certain judgments and estimates based on our perception of market participant views related to the economic and competitive environment, the characteristics of our finance receivables, and other similar factors. The most significant judgments and estimates relate to prepayment speeds, default rates, loss severity, and discount rates. The degree of judgment and estimation applied is significant in light of the current capital markets and, more broadly, economic environments. Therefore, the fair value of our finance receivables could not be determined with precision and may not be realized in an actual sale. Additionally, there may be inherent limitations in the valuation methodologies we employed, and changes in the underlying assumptions used could significantly affect the results of current or future values. Long-term Debt We either receive fair value measurements of our long-term debt from market participants and pricing services or we estimate the fair values of long-term debt using projected cash flows discounted at each balance sheet date’s market-observable implicit-credit spread rates for our long-term debt. We record at fair value long-term debt issuances that are deemed to incorporate an embedded derivative and for which it is impracticable for us to isolate and/or value the derivative. At December 31, 2021, we had no debt carried at fair value under the fair value option. We estimate the fair values associated with variable rate revolving lines of credit to be equal to par.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION We prepared our consolidated financial statements using generally accepted accounting principles in the United States of America ("GAAP"). The statements include the accounts of OMH, its subsidiaries (all of which are wholly owned), and variable interest entities ("VIEs") in which we hold a controlling financial interest and for which we are considered to be the primary beneficiary as of the financial statement date. We eliminated all material intercompany accounts and transactions. We made judgments, estimates, and assumptions that affect amounts reported in our consolidated financial statements and disclosures of contingent assets and liabilities. In management’s opinion, the consolidated financial statements include the normal, recurring adjustments necessary for a fair statement of results. Ultimate results could differ from our estimates. We evaluated the effects of and the need to disclose events that occurred subsequent to the balance sheet date. To conform to the 2021 presentation, we reclassified certain items in prior periods of our consolidated financial statements.
Operating Segment	Operating Segment At December 31, 2021, Consumer and Insurance (“C&I”) is our only reportable segment. The remaining components (which we refer to as “Other”) consist of our liquidating SpringCastle Portfolio servicing activity and our non-originating legacy operations, which primarily include our liquidating real estate loans.
Finance Receivables and Finance Receivable Revenue Recognition	Finance Receivables Generally, we classify finance receivables as held for investment based on management’s intent at the time of origination. We determine classification on a receivable-by-receivable basis. We classify finance receivables as held for investment due to our ability and intent to hold them until their contractual maturities. Our finance receivables held for investment consist of our personal loans and credit cards. We carry finance receivables at amortized cost which includes accrued finance charges, net unamortized deferred origination costs and unamortized fees, unamortized net premiums and discounts on purchased finance receivables, and unamortized finance charges on precomputed receivables. We include the cash flows from finance receivables held for investment in the consolidated statements of cash flows as investing activities, except for collections of interest, which we include as cash flows from operating activities. We may finance certain insurance products offered to our customers as part of finance receivables. In such cases, the insurance premium is included as an operating cash inflow and the financing of the insurance premium is included as part of the finance receivable as an investing cash flow in the consolidated statements of cash flows. Finance Receivable Revenue Recognition We recognize finance charges as revenue on the accrual basis using the interest method, which we report in interest income. We defer and amortize the costs to originate certain finance receivables and the revenue from nonrefundable fees, along with any premiums or discounts, as an adjustment to finance charge income using the interest method. For credit cards, we amortize certain deferred costs on a straight-line basis over a twelve-month period. For our personal loans, we stop accruing finance charges when four payments (approximately 90 days) become contractually past due. We reverse finance charge amounts previously accrue d upon suspension of accrual of finance charges. For credit cards, we continue to accrue finance charges and fees until charge-off when seven payments (approximately 180 days) become contractually past due and reverse finance charges and fees previously accrued. For certain finance receivables that had a carrying value that included a purchase premium or discount, we stop accreting the premium or discount at the time we stop accruing finance charges. We do not reverse accretion of premium or discount that was previously recognized. For our personal loans, we recognize the contractual interest portion of payments received on nonaccrual finance receivables as finance charges at the time of receipt. We resume the accrual of interest on a nonaccrual personal loans when the past due status on the individual finance receivable improves to the point that the finance receivable no longer meets our policy for nonaccrual. At that time, we also resume accretion of any unamortized premium or discount resulting from a previous purchase premium or discount.
Troubled Debt Restructured Finance Receivables	Troubled Debt Restructured Finance Receivables We make modifications to our finance receivables to assist borrowers who are experiencing financial difficulty, are in bankruptcy or are participating in a consumer credit counseling arrangement. When we modify the contractual terms for economic or other reasons related to the borrower’s financial difficulties and grant a concession that we would not otherwise consider, we classify that receivable as a TDR finance receivable. We restructure finance receivables only if we believe the customer has the ability to pay under the restructured terms for the foreseeable future. We establish reserves on our TDR finance receivables by discounting the estimated cash flows associated with the respective receivables at the effective interest rate prior to the modification to the account and record any difference between the discounted cash flows and the carrying value as an allowance adjustment. We may modify the terms of existing accounts in certain circumstances, such as certain bankruptcy or other catastrophic situations or for economic or other reasons related to a borrower’s financial difficulties that justify modification. When we modify an account, we primarily use a combination of the following to reduce the borrower’s monthly payment: reduce interest rate, extend the term, defer or forgive past due interest or forgive principal. Additionally, as part of the modification, we may require trial payments. If the account is delinquent at the time of modification, the account is generally brought current for delinquency reporting. Account modifications that are deemed to be a TDR finance receivable are measured for impairment. Account modifications that are not classified as a TDR finance receivable are measured for impairment in accordance with our policy for allowance for finance receivable losses.
Allowance for Finance Receivable Losses	Allowance for Finance Receivable Losses We establish the allowance for finance receivable losses through the provision for finance receivable losses. We evaluate our finance receivable portfolio by level of contractual delinquency in the portfolio, specifically in the late stage delinquency buckets and inclusive of the migration of the loans through the delinquency buckets. Our finance receivables consist of a large number of relatively small, homogeneous accounts. We evaluate our finance receivables for impairment as pools. None of our accounts are large enough to warrant individual evaluation for impairment. We estimate the allowance for finance receivable losses primarily on historical loss experience using a cumulative loss model applied to our personal loan portfolios. Our gross credit loss expectation is offset by the estimate of future recoveries using historical recovery curves. Our personal loans are primarily segmented in the loss model by contractual delinquency status. Other attributes in the model include collateral mix and recent credit score. To estimate the gross credit losses, the model utilizes a roll rate matrix to project the first 12 months of losses and historical cohort performance to project the expected losses over the remaining term. Our methodology relies on historical loss experience to forecast the corresponding future outcomes. These patterns are then applied to the current portfolio to obtain an estimate of future losses. We also consider key economic trends including unemployment rates. Forecasted macroeconomic conditions extend to our reasonable and supportable forecast period and revert to a historical average. No new volume is assumed. Personal loan renewals are a significant piece of our new volume and are considered a terminal event of the previous loan. For our personal loans, we have elected not to measure an allowance on accrued finance charges as it is our policy to reverse finance charge amounts previously accrued after four contractual payments become past due. For credit cards, we measure an allowance on uncollected finance charges, but do not measure an allowance on the unfunded portion of the credit card lines as the accounts are unconditionally cancellable. Management exercises its judgment when determining the amount of allowance for finance receivable losses. Our judgment is based on quantitative analyses, qualitative factors (such as recent portfolio, industry, and other economic trends), and experience in the consumer finance industry. We adjust the amounts determined by our model for management’s estimate of the effects of model imprecision which include but are not limited to, any changes to underwriting criteria and portfolio seasoning. We generally charge-off to the allowance for finance receivable losses on personal loans and credit cards that are beyond seven payments (approximately 180 days) past due. Exceptions include accounts in bankruptcy, which are generally charged off at the earlier of notice of discharge or when the customer becomes seven payments past due, and accounts of deceased borrowers, which are generally charged off at the time of notice. Generally, we start repossession of any titled personal property when the customer becomes two payments (approximately 30 days) past due and may charge-off prior to the account becoming seven payments (approximately 180 days) past due. We may renew delinquent secured or unsecured personal loan accounts if the customer meets current underwriting criteria and it does not appear that the cause of past delinquency will affect the customer’s ability to repay the renewed loan. We subject all renewals to the same credit risk underwriting process as we would a new application for credit. For our personal loans, we may offer those customers whose accounts are in good standing the opportunity of a deferment, which extends the term of an account. We also may extend this offer to customers when they are experiencing higher than normal personal expenses or to a delinquent customer who is experiencing a temporary financial problem. The account must be current after granting the deferment. To evaluate whether a borrower’s financial difficulties are temporary, we review the terms of each deferment to ensure that the borrower has the financial ability to repay the outstanding principal and associated interest in full following the deferment and after the customer is brought current. If, following this analysis, we believe a borrower’s financial difficulties are not temporary, we will not grant deferment, and the loans may continue to age until they are charged off. We generally limit a customer to two deferments in a rolling twelve month period unless we determine that an exception is warranted and is consistent with our credit risk policies. Additionally, for borrowers that do not meet the qualifications of a deferment, we may also offer a re-age, settlement, or a loan modification. We also establish reserves for TDR finance receivables, which are included in our allowance for finance receivable losses. The allowance for finance receivable losses related to our TDR finance receivables represents specific reserves based on an analysis of the present value of expected future cash flows. We establish our allowance for finance receivable losses related to our TDR finance receivables by calculating the present value (discounted at the loan’s effective interest rate prior to modification) of all expected cash flows less the recorded investment in the aggregated pool. We use certain assumptions to estimate the expected cash flows from our TDR finance receivables. The primary assumptions to estimate these expected cash flows are prepayment speeds, default rates, and loss severity rates.
Goodwill	Goodwill Goodwill represents the amount of purchase price over the fair value of net assets we acquired in connection with business combinations, primarily related to the OneMain Acquisition. We test goodwill for potential impairment annually as of October 1 of each year and whenever events occur or circumstances change that would more likely than not reduce the fair value of our reporting unit below its carrying amount.
Intangible Assets other than Goodwill	Intangible Assets other than Goodwill At the time we initially recognize intangible assets, a determination is made with regard to each asset’s useful life. We have determined that each of our intangible assets have indefinite lives with the exception of value of business acquired (“VOBA”), which has a finite useful life. We amortize our finite useful life intangible assets in a manner that reflects the pattern of economic benefit used. For intangible assets with a finite useful life, we review for impairment at least annually and whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Impairment is indicated if the sum of undiscounted estimated future cash flows is less than the carrying value of the respective asset. Impairment is permanently recognized by writing down the asset to the extent that the carrying value exceeds the estimated fair value. For indefinite-lived intangible assets, we review for impairment at least annually and whenever events occur or circumstances change that would indicate the assets are more likely than not to be impaired. We first complete a qualitative assessment to determine whether it is necessary to perform a quantitative impairment test. If the qualitative assessment indicates that the assets are more likely than not to have been impaired, we proceed with the fair value calculation of the assets. The fair value is determined in accordance with our fair value measurement policy. If the fair value is less than the carrying value, an impairment loss will be recognized in an amount equal to the difference and the indefinite life classification will be evaluated to determine whether such classification remains appropriate.
Leases	Leases All our leases are classified as operating leases, and we are the lessee or sublessor in all our lease arrangements. At inception of an arrangement, we determine if a lease exists. 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. 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. 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. In the normal course of business, we will renew leases that expire or replace them with leases on other properties. 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. 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 consolidated statement of operations. In addition to rent, we pay taxes, insurance, and maintenance expenses under certain leases as variable lease payments. The lease right-of-use assets are included in “ Other assets Other liabilities
Insurance Premiums	Insurance Premiums We recognize revenue for short-duration contracts over the related contract period. Short-duration contracts primarily consist of credit life, credit disability, credit involuntary unemployment insurance, and collateral protection policies. We defer single premium credit insurance premiums from affiliates in unearned premium reserves, which we include as a reduction to net finance receivables. We recognize unearned premiums on credit life, credit disability, credit involuntary unemployment insurance, and collateral protection insurance as revenue using the sum-of-the-digits, straight-line or other appropriate methods over the terms of the policies. Premiums from reinsurance assumed are earned over the related contract period. We recognize revenue on long-duration contracts when due from policyholders. Long-duration contracts include term life, accidental death and dismemberment, and disability income protection. For single premium long-duration contracts, a liability is accrued, which represents the present value of estimated future policy benefits to be paid to or on behalf of policyholders and related expenses, when premium revenue is recognized. The effects of changes in such estimated future policy benefit reserves are classified in insurance policy benefits and claims in the consolidated statements of operations. We recognize commissions on optional products as other revenue when earned. We may finance certain insurance products offered to our customers as part of finance receivables. In such cases, unearned premiums and certain unpaid claim liabilities related to our borrowers are netted and classified as contra-assets in net finance receivables in the consolidated balance sheets. The insurance premium is included as an operating cash inflow and the financing of the insurance premium is included as part of the finance receivable as an investing cash flow in the consolidated statements of cash flows.
Policy and Claim Reserves	Policy and Claim Reserves Policy reserves for credit life, credit disability, credit involuntary unemployment, and collateral protection insurance equal related unearned premiums. Reserves for losses and loss adjustment expenses are based on claims experience, actual claims reported, and estimates of claims incurred but not reported. Assumptions utilized in determining appropriate reserves are based on historical experience, adjusted to provide for possible adverse deviation. These estimates are periodically reviewed and compared with actual experience and industry standards, and revised if it is determined that future experience will differ substantially from that previously assumed. Since reserves are based on estimates, the ultimate liability may be more or less than such reserves. The effects of changes in such estimated reserves are classified in insurance policy benefits and claims in the consolidated statements of operations in the period in which the estimates are changed. We accrue liabilities for future life insurance policy benefits associated with non-credit life contracts and base the amounts on assumptions as to investment yields, mortality, and surrenders. We base annuity reserves on assumptions as to investment yields and mortality. Ceded insurance reserves are included in other assets and include estimates of the amounts expected to be recovered from reinsurers on insurance claims and policyholder liabilities.
Insurance Policy Acquisition Costs	Insurance Policy Acquisition Costs We defer insurance policy acquisition costs (primarily commissions, reinsurance fees, and premium taxes). We include deferred policy acquisition costs in other assets and amortize these costs over the terms of the related policies, whether directly written or reinsured.
Investment Securities	Investment Securities We generally classify our investment securities as available-for-sale or other, depending on management’s intent. Other securities primarily consist of equity securities and those securities for which the fair value option was elected. Our investment securities classified as available-for-sale are recorded at fair value. We adjust related balance sheet accounts to reflect the current fair value of investment securities and record the adjustment, net of tax, in accumulated other comprehensive income or loss in shareholders’ equity. We record interest receivable on investment securities in other assets. Under the fair value option, we may elect to measure at fair value, financial assets that are not otherwise required to be carried at fair value. We elect the fair value option for available-for-sale securities that are deemed to incorporate an embedded derivative and for which it is impracticable for us to isolate and/or value the derivative. We recognize any changes in fair value in investment revenues. We classify our investment securities in the fair value hierarchy framework based on the observability of inputs. Inputs to the valuation techniques are described as being either observable (Level 1 or 2) or unobservable (Level 3) assumptions (as further described in “Fair Value Measurements” below) that market participants would use in pricing an asset or liability.
Impairments on Investment Securities	Impairments on Investment Securities We evaluate our available-for-sale securities on an individual basis to identify any instances where the fair value of the investment security is below its amortized cost. For these securities, we then evaluate whether an impairment exists if any of the following conditions are present: • we intend to sell the security; • it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis; or • we do not expect to recover the security’s entire amortized cost basis (even if we do not intend to sell the security). If we intend to sell an impaired investment security or we will likely be required to sell the security before recovery of its amortized cost basis less any current period credit loss, we recognize the impairment as a direct write-down in investment revenues equal to the difference between the investment security’s amortized cost and its fair value at the balance sheet date. Once the impairment is recorded, we adjust the investment security to a new amortized cost basis equal to the previous amortized cost basis less the impairment write-down recognized in the current period. In determining whether a credit loss exists, we compare our best estimate of the present value of the cash flows expected to be collected from the security to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis of the security, a credit loss exists and an allowance for credit losses is recorded, not to exceed the total unrealized loss on the security. The cash flows expected to be collected are determined by assessing all available information, including issuer default rate, ratings changes and adverse conditions related to the industry sector, financial condition of issuer, credit enhancements, collateral default rates, and other relevant criteria. Management considers factors such as our investment strategy, liquidity requirements, overall business plans, and recovery periods for securities in previous periods of broad market declines. If a credit loss exists with respect to an investment in a security (i.e., we do not expect to recover the entire amortized cost basis of the security), we would be unable to assert that we will recover our amortized cost basis even if we do not intend to sell the security. Therefore, in these situations, a credit impairment is considered to have occurred. If a credit impairment exists, but we do not intend to sell the security and we will likely not be required to sell the security before recovery of its amortized cost basis less any current period credit loss, the impairment is bifurcated as: (i) the estimated amount relating to credit loss; and (ii) the amount relating to non-credit related factors. We recognize the estimated credit loss as an allowance on the balance sheet in investment securities, with a corresponding loss in investment revenues, and the non-credit loss amount in accumulated other comprehensive income or loss. For investment securities in which a credit impairment was recorded through an allowance, we record subsequent increases and decreases in the allowance for credit losses as credit loss expense or reversal of credit loss expense in investment revenues. We will not reverse a previously recorded allowance to an amount below zero. We recognize subsequent increases and decreases in the fair value of our available-for-sale securities from non-credit related factors in accumulated other comprehensive income or loss.
Investment Revenue Recognition	Investment Revenue Recognition We recognize interest on interest bearing fixed-maturity investment securities as revenue on the accrual basis. We amortize any premiums or accrete any discounts as a revenue adjustment using the interest method. We stop accruing interest revenue when the collection of interest becomes uncertain. We record dividends on equity securities as revenue on ex-dividend dates. We recognize income on mortgage-backed and asset-backed securities as revenue using an effective yield based on estimated prepayments of the underlying collateral. If actual prepayments differ from estimated prepayments, we calculate a new effective yield and adjust the net investment in the security accordingly. We record the adjustment, along with all investment securities revenue, in investment revenues. We specifically identify realized gains and losses on investment securities and include them in investment revenues.
Variable Interest Entities	Variable Interest Entities An entity is a VIE if the entity does not have sufficient equity at risk for the entity to finance its activities without additional financial support or has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated into the financial statements of its primary beneficiary. When we have a variable interest in a VIE, we qualitatively assess whether we have a controlling financial interest in the entity and, if so, whether we are the primary beneficiary. In applying the qualitative assessment to identify the primary beneficiary of a VIE, we are determined to have a controlling financial interest if we have (i) the power to direct the activities that most significantly impact the economic performance of the VIE, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. We consider the VIE’s purpose and design, including the risks that the entity was designed to create and pass through to its variable interest holders. We continually reassess the VIE’s primary beneficiary and whether we have acquired or divested the power to direct the activities of the VIE through changes in governing documents or other circumstances.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider unrestricted cash on hand and short-term investments having maturity dates within three months of their date of acquisition to be cash and cash equivalents. We typically maintain cash in financial institutions in excess of the Federal Deposit Insurance Corporation’s insurance limits. We evaluate the creditworthiness of these financial institutions in determining the risk associated with these cash balances. We do not believe that the Company is exposed to any significant credit risk on these accounts and have not experienced any losses in such accounts.
Restricted Cash and Cash Equivalents	Restricted Cash and Cash Equivalents We include funds to be used for future debt payments and collateral relating to our securitization and conduit transactions, insurance regulatory deposits and reinsurance trusts with third parties, in each case , in restricted cash and cash equivalents.
Long-term Debt	Long-term Debt We generally report our long-term debt issuances at the face value of the debt instrument, which we adjust for any unaccreted discount, unamortized premium, or unamortized debt issuance costs associated with the debt. Other than securitized products, we generally accrete discounts, premiums, and debt issuance costs over the contractual life of the security using contractual payment terms. With respect to securitized products, we have elected to amortize deferred costs over the contractual life of the security. Accretion of discounts and premiums are recorded to interest expense.
Income Taxes	Income Taxes We recognize income taxes using the asset and liability method. We establish deferred tax assets and liabilities for temporary differences between the financial reporting basis and the tax basis of assets and liabilities, using the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are also recognized for tax attributes such as net operating loss carryforwards. Realization of our gross deferred tax asset depends on our ability to generate sufficient taxable income of the appropriate character within the carryforward periods of the jurisdictions in which the net operating and capital losses, deductible temporary differences and credits were generated. When we assess our ability to realize deferred tax assets, we consider all available evidence and we record valuation allowances to reduce deferred tax assets to the amounts that management conclude are more-likely-than-not to be realized. We recognize income tax benefits associated with uncertain tax positions, when, in our judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax position that meets the more likely than not recognition threshold, we initially and subsequently measure the tax benefit as the largest amount that we judge to have a greater than 50% likelihood of being realized upon ultimate settlement with the taxing authority.
Retirement Benefit Plans	Retirement Benefit Plans We have funded and unfunded noncontributory defined pension plans. We recognize the net pension asset or liability, also referred to herein as the funded status of the benefit plan, in other assets or other liabilities, depending on the funded status at the end of each reporting period. We recognize the net actuarial gains or losses and prior service cost or credit that arise during the period in other comprehensive income or loss. Many of our employees are participants in our 401(k) Plan. Our contributions to the plan are charged to salaries and benefits within operating expenses.
Share-based Compensation Plans	Share-based Compensation Plans We measure compensation cost for service-based and performance-based awards at estimated fair value and recognize compensation expense over the requisite service period for awards expected to vest. The estimation of awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from current estimates, such amounts will be recorded as a cumulative adjustment to salaries and benefits in the period estimates are revised. For service-based awards subject to graded vesting, expense is recognized under the straight-line method. Expense for performance-based awards with graded vesting is recognized under the accelerated method, whereby each vesting is treated as a separate award with expense for each vesting recognized ratably over the requisite service period.
Fair Value Measurements	Fair Value Measurements Management is responsible for the determination of the fair value of our financial assets and financial liabilities and the supporting methodologies and assumptions. We employ widely accepted internal valuation models or utilize third-party valuation service providers to gather, analyze, and interpret market information and derive fair values based upon relevant methodologies and assumptions for individual instruments or pools of finance receivables. When our valuation service providers are unable to obtain sufficient market observable information upon which to estimate the fair value for a particular security, we determine fair value either by requesting brokers who are knowledgeable about these securities to provide a quote, which is generally non-binding, or by employing widely accepted internal valuation models. Our valuation process typically requires obtaining data about market transactions and other key valuation model inputs from internal or external sources and, through the use of widely accepted valuation models, provides a single fair value measurement for individual securities or pools of finance receivables. The inputs used in this process include, but are not limited to, market prices from recently completed transactions and transactions of comparable securities, interest rate yield curves, credit spreads, bid-ask spreads, currency rates, and other market-observable information as of the measurement date as well as the specific attributes of the security being valued, including its term, interest rate, credit rating, industry sector, and other issue or issuer-specific information. When market transactions or other market observable data is limited, the extent to which judgment is applied in determining fair value is greatly increased. We assess the reasonableness of individual security values received from our valuation service providers through various analytical techniques. As part of our internal price reviews, assets that fall outside a price change tolerance are sent to our third-party investment manager for further review. In addition, we may validate the reasonableness of fair values by comparing information obtained from our valuation service providers to other third-party valuation sources for selected securities. We measure and classify assets and liabilities in the consolidated balance sheets in a hierarchy for disclosure purposes consisting of three “Levels” based on the observability of inputs available in the marketplace used to measure the fair values. In general, we determine the fair value measurements classified as Level 1 based on inputs utilizing quoted prices in active markets for identical assets or liabilities that we have the ability to access. We generally obtain market price data from exchange or dealer markets. We do not adjust the quoted price for such instruments. We determine the fair value measurements classified as Level 2 based on inputs utilizing other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The use of observable and unobservable inputs is further discussed in Note 18. In certain cases, the inputs we use to measure the fair value of an asset may fall into different levels of the fair value hierarchy. In such cases, we determine the level in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Our fair value processes include controls that are designed to ensure that fair values are appropriate. Such controls include model validation, review of key model inputs, analysis of period-over-period fluctuations, and reviews by senior management.
Earnings Per Share (OMH Only)	Earnings Per Share (OMH Only) Basic earnings per share is computed by dividing net income or loss by the weighted-average number of shares outstanding during each period. Diluted earnings per share is computed based on the weighted-average number of common shares plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares represent outstanding unvested restricted stock units and awards.
ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED	ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED 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. Upon adoption, our cash flow assumptions used to measure the liability for future policy benefits will be updated at least annually. The guidance requires the discount rate used to measure the liability to be an upper-medium grade fixed-income instrument yield and updated at each reporting date with changes in the liability due to the discount rate recognized in other comprehensive income. The amendments in this ASU become effective for the Company beginning January 1, 2023. The Company’s cross-functional implementation team continues to make progress in line with the established project plan to ensure we comply with all the amendments in this ASU at the time of adoption. We will utilize an actuarial software solution to meet the new accounting and disclosure requirements, and we continue to refine the development of the actuarial model and assumptions. After the model has been subject to a parallel testing phase in 2022, the Company will provide further disclosure regarding the estimated impact of the adoption of the ASU on our consolidated financial statements. We do not believe that any other accounting pronouncements issued, but not yet effective, would have a material impact on our consolidated financial statements or disclosures, if adopted.

Finance Receivables (Tables)

Finance Receivables (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of components of net finance receivables by type	Components of our net finance receivables were as follows: (dollars in millions) Personal Loans Credit Cards Total December 31, 2021 Gross finance receivables (a) $ 18,944 $ 24 $ 18,968 Unearned fees (225) (1) (226) Accrued finance charges and fees 289 — 289 Deferred origination costs 179 2 181 Total $ 19,187 $ 25 $ 19,212 December 31, 2020 (b) Gross finance receivables (a) $ 17,860 $ — $ 17,860 Unearned fees (225) — (225) Accrued finance charges and fees 299 — 299 Deferred origination costs 150 — 150 Total $ 18,084 $ — $ 18,084 (a) Gross finance receivables equal the unpaid principal balance of our personal loans and credit cards. For precompute loans, unpaid principal balance is the gross contractual payments less the unaccreted balance of unearned finance charges. (b) There were no credit cards at December 31, 2020 as the product offering began in 2021.
Schedules of Concentration of Risk, by Risk Factor	The largest concentrations of net finance receivables were as follows: December 31, 2021 2020 (a) (dollars in millions) Amount Percent Amount Percent Personal Loans: Texas $ 1,812 9 % $ 1,614 9 % California 1,289 7 1,196 7 Florida 1,255 7 1,060 6 Pennsylvania 1,199 6 1,123 6 North Carolina 1,117 6 1,130 6 Ohio 960 5 922 5 Georgia 770 4 712 4 Illinois 765 4 739 4 Indiana 728 4 728 4 New York 681 4 580 3 Virginia 665 3 666 4 Other 7,946 41 7,614 42 Total personal loans $ 19,187 100 % $ 18,084 100 % Credit Cards (b): California $ 7 28 % $ — — % Texas 4 14 — — Florida 2 7 — — Other 12 51 — — Total credit cards $ 25 100 % $ — — % (a) December 31, 2020 concentrations of net finance receivables are presented in the order of December 31, 2021 state concentrations. (b) There were no credit cards at December 31, 2020 as the product offering began in 2021.
Summary of net finance receivables by type and by days delinquent	The following tables below are a summary of our personal loans by the year of origination and number of days delinquent, our key credit quality indicator: (dollars in millions) 2021 2020 2019 2018 2017 Prior Total December 31, 2021 Performing Current $ 10,645 $ 3,935 $ 2,641 $ 814 $ 193 $ 109 $ 18,337 30-59 days past due 125 74 53 19 6 5 282 60-89 days past due 81 53 33 11 4 3 185 Total performing 10,851 4,062 2,727 844 203 117 18,804 Nonperforming (Nonaccrual) 90+ days past due 125 130 85 28 9 6 383 Total $ 10,976 $ 4,192 $ 2,812 $ 872 $ 212 $ 123 $ 19,187 (dollars in millions) 2020 2019 2018 2017 2016 Prior Total December 31, 2020 Performing Current $ 8,659 $ 5,691 $ 2,064 $ 651 $ 184 $ 106 $ 17,355 30-59 days past due 72 106 44 18 6 5 251 60-89 days past due 44 72 28 11 4 3 162 Total performing 8,775 5,869 2,136 680 194 114 17,768 Nonperforming (Nonaccrual) 90+ days past due 63 157 60 23 8 5 316 Total $ 8,838 $ 6,026 $ 2,196 $ 703 $ 202 $ 119 $ 18,084 The following is a summary of credit cards by number of days delinquent, our key credit quality indicator: (dollars in millions) December 31, 2021 Current $ 25 30-59 days past due — 60-89 days past due — 90+ days past due — Total $ 25
Schedule of information regarding TDR finance receivables	Information regarding TDR finance receivables were as follows: (dollars in millions) December 31, 2021 2020 TDR gross finance receivables $ 646 $ 689 TDR net finance receivables * 650 691 Allowance for TDR finance receivable losses 270 314 * TDR net finance receivables are TDR gross finance receivables net of unearned fees, accrued finance charges, and deferred origination costs. There were no credit cards classified as TDR finance receivables for the year ended December 31, 2021.
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 were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Pre-modification TDR net finance receivables $ 453 $ 499 $ 536 Post-modification TDR net finance receivables: Rate reduction 310 312 370 Other * 143 187 166 Total post-modification TDR net finance receivables $ 453 $ 499 $ 536 Number of TDR accounts 55,229 66,484 78,257 * “Other” modifications primarily consist of 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	Finance receivables that were modified as TDR finance receivables within the previous 12 months and for which there was a default during the period to cause the TDR finance receivables to be considered nonperforming (90 days or more past due) are reflected in the following table: (dollars in millions) Years Ended December 31, 2021 2020 2019 TDR net finance receivables * $ 117 $ 105 $ 96 Number of TDR accounts 16,046 15,229 14,732 * 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)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of changes in the allowance for finance receivable losses by finance receivable type	Changes in the allowance for finance receivable losses were as follows: (dollars in millions) Personal Loans Credit Cards Total Year Ended December 31, 2021 Balance at beginning of period $ 2,269 $ — $ 2,269 Provision for finance receivable losses 588 5 593 Charge-offs (989) — (989) Recoveries 222 — 222 Balance at end of period $ 2,090 $ 5 $ 2,095 Year Ended December 31, 2020 (a) Balance at beginning of period $ 829 $ — $ 829 Impact of adoption of ASU 2016-13 (b) 1,118 — 1,118 Provision for finance receivable losses 1,319 — 1,319 Charge-offs (1,162) — (1,162) Recoveries 165 — 165 Balance at end of period $ 2,269 $ — $ 2,269 Year Ended December 31, 2019 (a) Balance at beginning of period $ 731 $ — $ 731 Provision for finance receivable losses 1,129 — 1,129 Charge-offs (1,157) — (1,157) Recoveries 126 — 126 Balance at end of period $ 829 $ — $ 829 (a) There were no credit cards for the years ended December 31, 2020 and 2019 as the product offering began in 2021.
Schedule of allowance for finance receivable losses and net finance receivables by type and by impairment method	The allowance for finance receivable losses and net finance receivables by impairment method were as follows: (dollars in millions) Personal Loans Credit Cards Total December 31, 2021 Allowance for finance receivable losses: Collectively evaluated for impairment $ 1,820 $ 5 $ 1,825 TDR finance receivables 270 — 270 Total $ 2,090 $ 5 $ 2,095 Finance receivables: Collectively evaluated for impairment $ 18,537 $ 25 $ 18,562 TDR finance receivables 650 — 650 Total $ 19,187 $ 25 $ 19,212 Allowance for finance receivable losses as a percentage of finance receivables 10.89 % 19.91 % 10.90 % December 31, 2020 (a) Allowance for finance receivable losses: Collectively evaluated for impairment $ 1,955 $ — $ 1,955 TDR finance receivables 314 — 314 Total $ 2,269 $ — $ 2,269 Finance receivables: Collectively evaluated for impairment $ 17,393 $ — $ 17,393 TDR finance receivables 691 — 691 Total $ 18,084 $ — $ 18,084 Allowance for finance receivable losses as a percentage of finance receivables 12.55 % — % 12.55 % (a) There were no credit cards for the year ended December 31, 2020 as the product offering began in 2021.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2021
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, allowance for credit losses, unrealized gains and losses, and fair value of fixed maturity available-for-sale securities by type were as follows: (dollars in millions) Cost/ Unrealized Unrealized Fair December 31, 2021* Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 16 $ — $ — $ 16 Obligations of states, municipalities, and political subdivisions 76 3 — 79 Commercial paper 50 — — 50 Non-U.S. government and government sponsored entities 151 4 — 155 Corporate debt 1,246 61 (5) 1,302 Mortgage-backed, asset-backed, and collateralized: RMBS 169 3 (2) 170 CMBS 44 1 — 45 CDO/ABS 90 1 (1) 90 Total $ 1,842 $ 73 $ (8) $ 1,907 December 31, 2020* Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 12 $ — $ — $ 12 Obligations of states, municipalities, and political subdivisions 87 5 — 92 Commercial paper 28 — — 28 Non-U.S. government and government sponsored entities 137 9 — 146 Corporate debt 1,124 95 (1) 1,218 Mortgage-backed, asset-backed, and collateralized: RMBS 208 7 — 215 CMBS 55 3 — 58 CDO/ABS 77 2 (1) 78 Total $ 1,728 $ 121 $ (2) $ 1,847 * There was no material allowance for credit losses related to our investment securities as of December 31, 2021 and there was no allowance for credit losses as of December 31, 2020.
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 without an allowance for credit losses were as follows: Less Than 12 Months 12 Months or Longer Total (dollars in millions) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2021 U.S. government and government sponsored entities $ 6 $ — $ — $ — $ 6 $ — Obligations of states, municipalities, and political subdivisions 10 — — — 10 — Commercial paper 46 — — — 46 — Non-U.S. government and government sponsored entities 19 — 5 — 24 — Corporate debt 208 (3) 38 (2) 246 (5) Mortgage-backed, asset-backed, and collateralized: RMBS 81 (1) 15 (1) 96 (2) CMBS 7 — — — 7 — CDO/ABS 41 (1) 3 — 44 (1) Total $ 418 $ (5) $ 61 $ (3) $ 479 $ (8) December 31, 2020 Obligations of states, municipalities, and political subdivisions $ 2 $ — $ — $ — $ 2 $ — Commercial paper 19 — — — 19 — Non-U.S. government and government sponsored entities 1 — — — 1 — Corporate debt 45 (1) 8 — 53 (1) Mortgage-backed, asset-backed, and collateralized: CMBS 8 — — — 8 — CDO/ABS 17 (1) — — 17 (1) Total $ 92 $ (2) $ 8 $ — $ 100 $ (2)
Schedule of contractual maturities of fixed-maturity available-for-sale securities	Contractual maturities of fixed-maturity available-for-sale securities at December 31, 2021 were as follows: (dollars in millions) Fair Amortized Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities: Due in 1 year or less $ 170 $ 169 Due after 1 year through 5 years 573 552 Due after 5 years through 10 years 677 652 Due after 10 years 182 166 Mortgage-backed, asset-backed, and collateralized securities 305 303 Total $ 1,907 $ 1,842
Schedule of fair value of other securities by type	The fair value of other securities by type was as follows: (dollars in millions) December 31, 2021 2020 Fixed maturity other securities: Bonds $ 30 $ 35 Preferred stock * 22 13 Common stock * 33 27 Total $ 85 $ 75 * We employ an income equity strategy targeting investments in stocks with strong current dividend yields. Stocks included have a history of stable or increasing dividend payments.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Gross carrying amount and accumulated amortization of finite-lived intangible assets	The gross carrying amount and accumulated amortization, in total and by major intangible asset class were as follows: (dollars in millions) Gross Carrying Amount Accumulated Amortization Net Other Intangible Assets December 31, 2021 Trade names $ 220 $ — $ 220 VOBA 105 (77) 28 Licenses 25 — 25 Customer relationships 223 (223) — Other 13 (12) 1 Total $ 586 $ (312) $ 274 December 31, 2020 Trade names $ 220 $ — $ 220 VOBA 105 (74) 31 Licenses 25 — 25 Customer relationships 223 (194) 29 Other 13 (12) 1 Total $ 586 $ (280) $ 306
Gross carrying amount of indefinite-lived intangible assets	The gross carrying amount and accumulated amortization, in total and by major intangible asset class were as follows: (dollars in millions) Gross Carrying Amount Accumulated Amortization Net Other Intangible Assets December 31, 2021 Trade names $ 220 $ — $ 220 VOBA 105 (77) 28 Licenses 25 — 25 Customer relationships 223 (223) — Other 13 (12) 1 Total $ 586 $ (312) $ 274 December 31, 2020 Trade names $ 220 $ — $ 220 VOBA 105 (74) 31 Licenses 25 — 25 Customer relationships 223 (194) 29 Other 13 (12) 1 Total $ 586 $ (280) $ 306

Long-term Debt (Tables)

Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Carrying value and fair value of long-term debt by type were as follows: December 31, 2021 December 31, 2020 (dollars in millions) Carrying Fair Carrying Fair Senior debt $ 17,578 $ 18,574 $ 17,628 $ 19,278 Junior subordinated debt 172 207 172 148 Total $ 17,750 $ 18,781 $ 17,800 $ 19,426 Weighted average effective interest rates on long-term debt by type were as follows: Years Ended December 31, At December 31, 2021 2020 2019 2021 2020 Senior debt 5.38 % 5.68 % 5.90 % 5.05 % 5.70 % Junior subordinated debt 4.02 5.64 8.68 3.86 4.09 Total 5.37 5.68 5.93 5.03 5.68
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 December 31, 2021 were as follows: Senior Debt (dollars in millions) Securitizations Revolving Unsecured Junior Total Interest rates (b) 0.81%-6.94% 0.86%-1.02% 3.50%-8.88% 1.87 % 2022 $ — $ — $ — $ — $ — 2023 — — 1,175 — 1,175 2024 — — 1,300 — 1,300 2025 — — 1,835 — 1,835 2026 — — 1,600 — 1,600 2027-2067 — — 3,750 350 4,100 Securitizations (c) 7,432 — — — 7,432 Revolving conduit facilities (c) — 600 — — 600 Total principal maturities $ 7,432 $ 600 $ 9,660 $ 350 $ 18,042 Total carrying amount $ 7,399 $ 600 $ 9,579 $ 172 $ 17,750 Debt issuance costs (d) (31) — (83) — (114) (a) Pursuant to the Base Indenture, the Supplemental Indentures and the Guaranty Agreements, OMH agreed to fully and unconditionally guarantee, on a senior unsecured basis, payments of principal, premium and interest on the Unsecured Notes and Junior Subordinated Debenture. The OMH guarantees of OMFC’s long-term debt are subject to customary release provisions. (b) The interest rates shown are the range of contractual rates in effect at December 31, 2021. (c) Securitizations and borrowings under the revolving conduit facilities 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. See Note 9 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 and unsecured corporate revolver, which totaled $29 million at December 31, 2021 and are reported in “Other assets.”

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2021
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) December 31, 2021 2020 Assets Cash and cash equivalents $ 2 $ 2 Net finance receivables 8,821 8,772 Allowance for finance receivable losses 910 1,085 Restricted cash and restricted cash equivalents 466 441 Other assets 26 33 Liabilities Long-term debt $ 7,999 $ 7,789 Other liabilities 13 15

Insurance (Tables)

Insurance (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Schedule of unearned insurance premium reserves, claim reserves and benefit reserves	Components of our insurance reserves were as follows: (dollars in millions) December 31, 2021 2020 Finance receivable related: Payable to OMH: Unearned premium reserves $ 677 $ 662 Claim reserves 84 109 Subtotal (a) 761 771 Payable to third-party beneficiaries (b) 256 236 Non-finance receivable related (b) 365 385 Total $ 1,382 $ 1,392 (a) Reported as a contra-asset to net finance receivables. (b) Reported in insurance claims and policyholder liabilities.
Changes in the reserve for unpaid claims and loss adjustment expenses	Changes in the reserve for unpaid claims and loss adjustment expenses (net of reinsurance recoverables): (dollars in millions) At or for the Years Ended December 31, 2021 2020 2019 Balance at beginning of period $ 148 $ 117 $ 117 Less reinsurance recoverables (3) (4) (4) Net balance at beginning of period 145 113 113 Additions for losses and loss adjustment expenses incurred to: Current year 212 272 200 Prior years * (18) (11) (15) Total 194 261 185 Reductions for losses and loss adjustment expenses paid related to: Current year (135) (161) (121) Prior years (89) (67) (64) Total (224) (228) (185) Foreign currency translation adjustment — (1) — Net balance at end of period 115 145 113 Plus reinsurance recoverables 3 3 4 Balance at end of period $ 118 $ 148 $ 117 * At December 31, 2021, $18 million reflected a redundancy in the prior years’ net reserves, primarily due to net favorable developments of credit disability and unemployment claims. At December 31, 2020, $11 million reflected a redundancy in the prior years’ net reserves, primarily due to net favorable developments of term life, credit life, and credit disability. At December 31, 2019, $15 million reflected a redundancy in the prior years’ net reserves, primarily due to favorable developments of credit life, disability, and unemployment claims.
Schedule of claims and allocated claim adjustment expense, net of reinsurance	Incurred claims and allocated claim adjustment expenses, net of reinsurance, as of December 31, 2021, were as follows: Years Ended December 31, At December 31, 2021 (dollars in millions) 2017 (a) 2018 (a) 2019 (a) 2020 (a) 2021 Incurred-but- Cumulative Number of Reported Claims Cumulative Credit Insurance Accident Year 2017 $ 136 $ 129 $ 125 $ 125 $ 124 $ — 43,960 2.4 % 2018 — 146 135 134 133 3 42,883 2.2 % 2019 — — 155 150 150 10 45,444 2.0 % 2020 — — — 226 209 21 68,365 3.1 % 2021 — — — — 162 63 30,853 1.4 % Total $ 778 (a) Unaudited. (b) Includes expected development on reported claims. (c) Frequency for each accident year is calculated as the ratio of all reported claims incurred to the total exposures in force. Cumulative paid claims and allocated claim adjustment expenses, net of reinsurance, as of December 31, 2021, were as follows: Years Ended December 31, (dollars in millions) 2017 * 2018 * 2019* 2020* 2021 Credit Insurance Accident Year 2017 $ 75 $ 108 $ 118 $ 122 $ 124 2018 — 82 116 125 130 2019 — — 88 129 140 2020 — — — 129 188 2021 — — — — 99 Total $ 681 All outstanding liabilities before 2017, net of reinsurance — Liabilities for claims and claim adjustment expenses, net of reinsurance $ 97 * Unaudited. The reconciliations of the net incurred and paid claims development to the liability for claims and claim adjustment expenses were as follows: (dollars in millions) December 31, 2021 Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance: Credit insurance $ 97 Other short-duration insurance lines 2 Total 99 Insurance lines other than short-duration 19 Total gross liability for unpaid claims and claim adjustment expense $ 118
Schedule of average annual percentage payout of incurred claims by age, net of reinsurance	Our average annual percentage payout of incurred claims by age, net of reinsurance, as of December 31, 2021, were as follows: Years 1 2 3 4 5 Credit insurance* 60.9 % 26.9 % 7.4 % 3.6 % 1.1 % * Unaudited.
Schedule of statutory net income (loss) for insurance companies	Statutory net income (loss) for our insurance companies by type of insurance was as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Property and casualty: Triton $ 66 $ (7) $ 16 Life and health: AHL $ 79 $ 114 $ 56
Schedule of statutory capital and surplus for insurance companies	Statutory capital and surplus for our insurance companies by type of insurance were as follows: (dollars in millions) December 31, 2021 2020 Property and casualty: Triton $ 210 $ 137 Life and health: AHL $ 292 $ 261
Schedule of extraordinary dividends paid	Ordinary dividends paid were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 AHL $ 50 $ 48 $ — Extraordinary dividends paid were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Merit $ — $ — $ 140

Capital Stock and Earnings Pe_2

Capital Stock and Earnings Per Share (OMH Only) (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of par value and shares authorized	Par value and shares authorized at December 31, 2021 were as follows: OMH OMFC Preferred Stock * Common Stock Special Stock Common Stock Par value $ 0.01 $ 0.01 $ — $ 0.50 Shares authorized 300,000,000 2,000,000,000 25,000,000 25,000,000 * No shares of OMH preferred stock or OMFC special stock were issued and outstanding at December 31, 2021 or 2020.
Schedule of changes in shares issued and outstanding	Changes in OMH shares of common stock issued and outstanding were as follows: At or for the Years Ended December 31, 2021 2020 2019 Balance at beginning of period 134,341,724 136,101,156 135,832,278 Common shares issued 180,839 272,266 268,878 Common shares repurchased * (6,712,923) (2,031,698) — Balance at end of period 127,809,640 134,341,724 136,101,156 * During the year ended December 31, 2021, the common stock repurchased was held in treasury. During the year ended December 31, 2020, the common stock repurchased was retired. OMFC shares issued and outstanding were as follows: Special Stock Common Stock 2021 2020 2021 2020 Shares issued and outstanding — — 10,160,021 10,160,021
Computation of earnings per share	The computation of earnings per share was as follows: (dollars in millions, except per share data) Years Ended December 31, 2021 2020 2019 Numerator (basic and diluted): Net income $ 1,314 $ 730 $ 855 Denominator: Weighted average number of shares outstanding (basic) 132,653,889 134,716,012 136,070,837 Effect of dilutive securities * 400,605 203,246 256,074 Weighted average number of shares outstanding (diluted) 133,054,494 134,919,258 136,326,911 Earnings per share: Basic $ 9.90 $ 5.42 $ 6.28 Diluted $ 9.87 $ 5.41 $ 6.27

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2021
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 Retirement Foreign Other (b) Total Year Ended December 31, 2021 Balance at beginning of period $ 91 $ 1 $ 2 $ — $ 94 Other comprehensive income (loss) before reclassifications (41) — 1 8 (32) Reclassification adjustments from accumulated other comprehensive income (1) — — — (1) Balance at end of period $ 49 $ 1 $ 3 $ 8 $ 61 Year Ended December 31, 2020 Balance at beginning of period $ 41 $ 3 $ — $ — $ 44 Other comprehensive income (loss) before reclassifications 51 (2) 2 — 51 Reclassification adjustments from accumulated other comprehensive income (1) — — (1) Balance at end of period $ 91 $ 1 $ 2 $ — $ 94 Year Ended December 31, 2019 Balance at beginning of period $ (28) $ (3) $ (3) $ — $ (34) Other comprehensive income before reclassifications 68 6 3 — 77 Reclassification adjustments from accumulated other comprehensive income 1 — — — 1 Balance at end of period $ 41 $ 3 $ — $ — $ 44 (a) There were no material amounts related to available-for-sale debt securities for which an allowance for credit losses was recorded during the year ended December 31, 2021. There were no amounts related to available-for-sale debt securities for which an allowance for credit losses was recorded during the years ended December 31, 2020 and 2019. (b) Other primarily includes changes in the fair value of our mark-to-market derivative instruments that have been designated as cash flow hedges.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Components of income before income tax expense	Components of income before income tax expense were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Income before income tax expense - U.S. operations $ 1,722 $ 973 $ 1,082 Income before income tax expense - foreign operations 19 4 16 Total $ 1,741 $ 977 $ 1,098
Schedule of components of income tax expense (benefit)	Components of income tax expense (benefit) were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Current: Federal $ 298 $ 235 $ 205 Foreign 1 9 3 State 50 45 34 Total current 349 289 242 Deferred: Federal 55 (43) 15 State 23 1 (14) Total deferred 78 (42) 1 Total $ 427 $ 247 $ 243
Reconciliations of the statutory federal income tax rate to the effective income tax rate	OMH's reconciliations of the statutory federal income tax rate to the effective income tax rate were as follows: Years Ended December 31, 2021 2020 2019 Statutory federal income tax rate 21.00 % 21.00 % 21.00 % State income taxes, net of federal 3.27 3.52 3.49 Change in valuation allowance 0.24 0.08 (2.07) Nondeductible compensation 0.50 0.25 0.13 Other, net (0.45) 0.48 (0.39) Effective income tax rate 24.56 % 25.33 % 22.16 % OMFC's reconciliations of the statutory federal income tax rate to the effective income tax rate were as follows: Years Ended December 31, 2021 2020 2019 Statutory federal income tax rate 21.00 % 21.00 % 21.00 % State income taxes, net of federal 3.27 3.52 3.49 Change in valuation allowance 0.24 0.08 (2.06) Nondeductible compensation 0.50 0.25 0.13 Other, net (0.45) 0.48 (0.29) Effective income tax rate 24.56 % 25.33 % 22.27 %
Reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits	A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits (all of which would affect the effective income tax rate if recognized) is as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Balance at beginning of year $ 10 $ 12 $ 17 Increases in tax positions for current years 2 2 2 Increases in tax positions for prior years 2 — 2 Lapse in statute of limitations (2) (4) (3) Settlements with tax authorities (4) — (6) Balance at end of year $ 8 $ 10 $ 12
Components of deferred tax assets and liabilities	Components of deferred tax assets and liabilities were as follows: (dollars in millions) December 31, 2021 2020 Deferred tax assets: Allowance for loan losses $ 523 $ 568 Net operating losses and tax credits 32 30 Insurance reserves 34 19 Pension/employee benefits 22 15 Other 32 33 Total $ 643 $ 665 Deferred tax liabilities: Goodwill $ 144 $ 120 Debt fair value adjustment 43 46 Deferred loan fees 33 21 Fair value of equity and securities investments 17 27 Fixed assets 13 15 Other 26 9 Total $ 276 $ 238 Net deferred tax assets before valuation allowance $ 367 $ 427 Valuation allowance (28) (22) Net deferred tax assets $ 339 $ 405

Leases and Contingencies (Table

Leases and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Maturities of lease liabilities	At December 31, 2021, maturities of lease liabilities, excluding leases on a month-to-month basis, were as follows: (dollars in millions) Operating Leases 2022 $ 57 2023 42 2024 28 2025 19 2026 12 2027 5 Thereafter 1 Total lease payments 164 Imputed interest (13) Total $ 151
Lease Costs	Weighted Average Remaining Lease Term 3.71 years Weighted Average Discount Rate 3.34 % Operating lease cost and variable lease cost, which are recorded in other operating expenses, were as follows: (dollars in millions) Years Ended December 31, 2021 2020 2019 Operating lease cost $ 60 $ 63 $ 61 Variable lease cost 15 15 16 Total $ 75 $ 78 $ 77

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Funded status of the defined benefit pension plans	The following table presents the funded status of the defined benefit pension plans. The funded status of the plans is measured as the difference between the plan assets at fair value and the projected benefit obligation. (dollars in millions) Pension At or for the Years Ended December 31, 2021 2020 2019 Projected benefit obligation, beginning of period $ 401 $ 364 $ 320 Interest cost 7 10 12 Actuarial loss (gain) (a) (18) 42 47 Benefits paid: Plan assets (16) (15) (15) Projected benefit obligation, end of period (b) 374 401 364 Fair value of plan assets, beginning of period 405 363 308 Actual return on plan assets, net of expenses (7) 56 69 Company contributions 1 1 1 Benefits paid: Plan assets (16) (15) (15) Fair value of plan assets, end of period (b) 383 405 363 Funded status, end of period $ 9 $ 4 $ (1) Other assets (other liabilities) recognized in the consolidated balance sheet $ 9 $ 4 $ (1) Pretax net gain recognized in accumulated other comprehensive income (loss) $ 2 $ 3 $ 4 (a) For the years ended December 31, 2021, 2020, and 2019, the actuarial gains or losses were primarily due to year-over-year fluctuations in discount rates used to calculate the present value of benefit obligations for the defined benefit plans. Adoption of updated mortality assumptions had additional impacts on calculation of gains or losses as did the implementation of refined plan demographic assumptions at December 31, 2019. (b) Includes three underfunded benefit plans, for which the aggregate projected benefit obligation and accumulated benefit obligation exceeded the related plan assets by $13 million, $14 million, and $13 million at December 31, 2021, 2020, and 2019, respectively.
Components of net periodic benefit cost	The following table presents the components of net periodic benefit cost recognized in income and other amounts recognized in accumulated other comprehensive income or loss with respect to the defined benefit pension plans: (dollars in millions) Pension Years Ended December 31, 2021 2020 2019 Components of net periodic benefit cost: Interest cost $ 7 $ 10 $ 12 Expected return on assets (12) (15) (15) Net periodic benefit cost (5) (5) (3) Other changes in plan assets and projected benefit obligation recognized in other comprehensive income or loss: Net actuarial loss (gain) 1 2 (7) Total recognized in other comprehensive income or loss 1 2 (7) Total recognized in net periodic benefit cost and other comprehensive income $ (4) $ (3) $ (10)
Summary of weighted average assumptions	The following table summarizes the weighted average assumptions used to determine the projected benefit obligations and the net periodic benefit costs: Pension December 31, 2021 2020 Projected benefit obligation: Discount rate 2.67 % 2.30 % Net periodic benefit costs: Discount rate 2.30 % 3.08 % Expected long-term rate of return on plan assets 3.04 % 4.28 %
Expected future benefit payments	The expected future benefit payments, net of participants’ contributions, of our defined benefit pension plans at December 31, 2021 are as follows: (dollars in millions) Pension 2022 $ 17 2023 17 2024 17 2025 17 2026 18 2027-2031 90
Information about plan assets measured at fair value	The following table presents information about our plan assets measured at fair value and indicates the fair value hierarchy based on the levels of inputs we utilized to determine such fair value: (dollars in millions) Level 1 Level 2 Level 3 Total December 31, 2021 Assets: Cash and cash equivalents $ 4 $ — $ — $ 4 Equity securities: U.S. (a) 1 1 — 2 International (b) 1 — — 1 Fixed income securities: U.S. investment grade (c) 28 276 — 304 U.S. high yield (d) — 4 — 4 Total $ 34 $ 281 $ — $ 315 Investments measured at NAV (e) 68 Total investments at fair value $ 383 December 31, 2020 Assets: Cash and cash equivalents $ 4 $ — $ — $ 4 Equity securities: U.S. (a) 2 — — 2 International (b) 1 — — 1 Fixed income securities: U.S. investment grade (c) 45 307 — 352 U.S. high yield (d) — 4 — 4 Total $ 52 $ 311 $ — $ 363 Investments measured at NAV (e) 42 Total investments at fair value $ 405 (a) Includes index mutual funds that primarily track several indices, including S&P 500 and S&P 600, in addition to other actively managed accounts, comprised of investments in small cap and large cap companies. (b) Includes investment mutual funds in companies in emerging and developed markets. (c) Includes investment mutual funds in U.S. and non-U.S. government issued bonds, U.S. government agency or sponsored agency bonds, and investment grade corporate bonds. (d) Includes investment mutual funds in securities or debt obligations that have a rating below investment grade. (e) We have elected the practical expedient to exclude certain investments that were measured at net asset value ("NAV") per share (or equivalent) from the fair value hierarchy.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Summary of service-based stock activity	The following table summarizes the service-based stock activity and related information for the Omnibus Plan for 2021: Number of Weighted Weighted Unvested as of January 1, 2021 423,468 $ 37.09 Granted 649,593 55.39 Vested (296,425) 40.62 Forfeited (40,351) 48.00 Unvested at December 31, 2021 736,285 51.25 1.47
Summary of performance-based stock activity	The following table summarizes the performance-based stock activity and related information for the Omnibus Plan for 2021: Number of Weighted Weighted Unvested as of January 1, 2021 290,725 $ 36.23 Granted 724,031 40.62 Vested — — Forfeited (40,065) 45.31 Unvested at December 31, 2021 974,691 39.12 1.93

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Information about the Company's segments	The following tables present information about C&I and Other, as well as reconciliations to the consolidated financial statement amounts. (dollars in millions) Consumer Other Segment to Consolidated At or for the Year Ended December 31, 2021 Interest income $ 4,355 $ 5 $ 4 $ 4,364 Interest expense 930 3 4 937 Provision for finance receivable losses 587 — 6 593 Net interest income after provision for finance receivable losses 2,838 2 (6) 2,834 Other revenues 527 12 (8) 531 Other expenses 1,577 21 26 1,624 Income (loss) before income tax expense (benefit) $ 1,788 $ (7) $ (40) $ 1,741 Assets $ 20,019 $ 40 $ 2,020 $ 22,079 At or for the Year Ended December 31, 2020 Interest income $ 4,353 $ 6 $ 9 $ 4,368 Interest expense 1,007 4 16 1,027 Provision for finance receivable losses 1,313 — 6 1,319 Net interest income after provision for finance receivable losses 2,033 2 (13) 2,022 Other revenues 515 13 (2) 526 Other expenses 1,527 24 20 1,571 Income (loss) before income tax expense (benefit) $ 1,021 $ (9) $ (35) $ 977 Assets $ 20,376 $ 57 $ 2,038 $ 22,471 At or for the Year Ended December 31, 2019 Interest income $ 4,114 $ 9 $ 4 $ 4,127 Interest expense 947 5 18 970 Provision for finance receivables losses 1,105 — 24 1,129 Net interest income after provision for finance receivable losses 2,062 4 (38) 2,028 Other revenues * 600 32 (10) 622 Other expenses 1,494 39 19 1,552 Income (loss) before income tax expense (benefit) $ 1,168 $ (3) $ (67) $ 1,098 Assets $ 20,705 $ 77 $ 2,035 $ 22,817 * Other revenues in Other include the gain on the February 2019 Real Estate Loan Sale, as well as the impairment adjustments on the remaining loans in held for sale in 2019.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
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 December 31, 2021 Assets Cash and cash equivalents $ 535 $ 6 $ — $ 541 $ 541 Investment securities 59 1,927 6 1,992 1,992 Net finance receivables, less allowance for finance receivable losses — — 20,083 20,083 17,117 Restricted cash and restricted cash equivalents 476 — — 476 476 Other assets * — — 52 52 46 Liabilities Long-term debt $ — $ 18,781 $ — $ 18,781 $ 17,750 December 31, 2020 Assets Cash and cash equivalents $ 2,255 $ 17 $ — $ 2,272 $ 2,272 Investment securities 44 1,870 8 1,922 1,922 Net finance receivables, less allowance for finance receivable losses — — 18,629 18,629 15,815 Restricted cash and restricted cash equivalents 451 — — 451 451 Other assets * — 2 60 62 62 Liabilities Long-term debt $ — $ 19,426 $ — $ 19,426 $ 17,800
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 December 31, 2021 Assets Cash equivalents in mutual funds $ 41 $ — $ — $ 41 Cash equivalents in securities — 6 — 6 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 16 — 16 Obligations of states, municipalities, and political subdivisions — 79 — 79 Commercial paper — 50 — 50 Non-U.S. government and government sponsored entities — 155 — 155 Corporate debt 5 1,292 5 1,302 RMBS — 170 — 170 CMBS — 45 — 45 CDO/ABS — 90 — 90 Total available-for-sale securities 5 1,897 5 1,907 Other securities Bonds: Corporate debt — 9 — 9 RMBS — 1 — 1 CDO/ABS — 20 — 20 Total bonds — 30 — 30 Preferred stock 22 — — 22 Common stock 32 — 1 33 Total other securities 54 30 1 85 Total investment securities 59 1,927 6 1,992 Restricted cash equivalents in mutual funds 468 — — 468 Total $ 568 $ 1,933 $ 6 $ 2,507 Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2020 Assets Cash equivalents in mutual funds $ 2,018 $ — $ — $ 2,018 Cash equivalents in securities — 17 — 17 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 12 — 12 Obligations of states, municipalities, and political subdivisions — 92 — 92 Certificates of deposit and commercial paper — 28 — 28 Non-U.S. government and government sponsored entities — 146 — 146 Corporate debt 5 1,207 6 1,218 RMBS — 215 — 215 CMBS — 58 — 58 CDO/ABS — 78 — 78 Total available-for-sale securities 5 1,836 6 1,847 Other securities Bonds: Non-U.S. government and government sponsored entities — 1 — 1 Corporate debt — 16 1 17 CDO/ABS — 17 — 17 Total bonds — 34 1 35 Preferred stock 13 — — 13 Common stock 26 — 1 27 Total other securities 39 34 2 75 Total investment securities 44 1,870 8 1,922 Restricted cash equivalents in mutual funds 441 — — 441 Total $ 2,503 $ 1,887 $ 8 $ 4,398

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - payment	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing receivable general information
Number of payments past due before which a loan is charged off to the allowance for finance receivable losses	7
Number of payments past due before which a loan is charged off to the allowance for finance receivable losses, period	180 days
Number of payments past due before repossession	2
Number of payments past due before repossession, period	30 days
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities (includes other liabilities of consolidated VIEs of $13 million in 2021 and $15 million in 2020)	Other liabilities (includes other liabilities of consolidated VIEs of $13 million in 2021 and $15 million in 2020)
Personal Loans
Financing receivable general information
Number of contractual payments past due	4
Number of contractual payments past due, period	90 days
Number of consecutive payments missed to reverse finance charges	4
Credit Cards
Financing receivable general information
Finance receivable, amortization term	12 months
Number of contractual payments past due	7
Number of contractual payments past due, period	180 days
Financing receivable, number of deferments in rolling period	2
Financing receivable, rolling period	12 months

Finance Receivables - Additiona

Finance Receivables - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Whole loan sale flow agreement, quarterly loans sold		$ 180
Proceeds from sale of gross finance receivables		505
Gain on sale of financing receivables		47	$ 0	$ 0
TDR gross finance receivables		646	689
Unused credit card lines		$ 54
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Whole loan sale flow agreement, commitment period		1 year
Minimum | Personal Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, original term	3 years
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Whole loan sale flow agreement, commitment period		2 years
Maximum | Personal Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, original term	6 years
Unlikely to be Collected Financing Receivable | Personal Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due		60 days
Nonperforming (Nonaccrual) | Personal Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due		90 days
Reversal of net accrued finance charges		$ 77	86
Interest income		$ 13	$ 14
Nonperforming (Nonaccrual) | Credit Cards
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due		180 days

Finance Receivables - Net Finan

Finance Receivables - Net Finance Receivables by Type (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	$ 18,968	$ 17,860
Unearned fees	(226)	(225)
Accrued finance charges and fees	289	299
Deferred origination costs	181	150
Financing Receivable, before Allowance for Credit Loss, Total	19,212	18,084
Personal Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	18,944	17,860
Unearned fees	(225)	(225)
Accrued finance charges and fees	289	299
Deferred origination costs	179	150
Financing Receivable, before Allowance for Credit Loss, Total	19,187	18,084
Credit Cards
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	24	0
Unearned fees	(1)	0
Accrued finance charges and fees	0	0
Deferred origination costs	2	0
Financing Receivable, before Allowance for Credit Loss, Total	$ 25	$ 0

Finance Receivables - Schedule

Finance Receivables - Schedule of the largest concentrations of net finance receivables (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Concentration Risk [Line Items]
Net finance receivables	$ 19,212	$ 18,084
Personal Loans
Concentration Risk [Line Items]
Net finance receivables	19,187	18,084
Credit Cards
Concentration Risk [Line Items]
Net finance receivables	25	0
Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 19,187	$ 18,084
Concentration risk percent	100.00%	100.00%
Loans and Finance Receivables | Geographic Concentration Risk | Credit Cards
Concentration Risk [Line Items]
Net finance receivables	$ 25	$ 0
Concentration risk percent	100.00%	0.00%
Texas | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 1,812	$ 1,614
Concentration risk percent	9.00%	9.00%
Texas | Loans and Finance Receivables | Geographic Concentration Risk | Credit Cards
Concentration Risk [Line Items]
Net finance receivables	$ 4	$ 0
Concentration risk percent	14.00%	0.00%
California | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 1,289	$ 1,196
Concentration risk percent	7.00%	7.00%
California | Loans and Finance Receivables | Geographic Concentration Risk | Credit Cards
Concentration Risk [Line Items]
Net finance receivables	$ 7	$ 0
Concentration risk percent	28.00%	0.00%
Florida | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 1,255	$ 1,060
Concentration risk percent	7.00%	6.00%
Florida | Loans and Finance Receivables | Geographic Concentration Risk | Credit Cards
Concentration Risk [Line Items]
Net finance receivables	$ 2	$ 0
Concentration risk percent	7.00%	0.00%
Pennsylvania | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 1,199	$ 1,123
Concentration risk percent	6.00%	6.00%
North Carolina | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 1,117	$ 1,130
Concentration risk percent	6.00%	6.00%
Ohio | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 960	$ 922
Concentration risk percent	5.00%	5.00%
Georgia | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 770	$ 712
Concentration risk percent	4.00%	4.00%
Illinois | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 765	$ 739
Concentration risk percent	4.00%	4.00%
Indiana | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 728	$ 728
Concentration risk percent	4.00%	4.00%
New York | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 681	$ 580
Concentration risk percent	4.00%	3.00%
Virginia | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 665	$ 666
Concentration risk percent	3.00%	4.00%
Other | Loans and Finance Receivables | Geographic Concentration Risk | Personal Loans
Concentration Risk [Line Items]
Net finance receivables	$ 7,946	$ 7,614
Concentration risk percent	41.00%	42.00%
Other | Loans and Finance Receivables | Geographic Concentration Risk | Credit Cards
Concentration Risk [Line Items]
Net finance receivables	$ 12	$ 0
Concentration risk percent	51.00%	0.00%

Finance Receivables - Delinquen

Finance Receivables - Delinquent and Nonperforming Finance Receivables, by Year of Origination (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Delinquency by finance receivables type
Financing Receivable, before Allowance for Credit Loss, Total	$ 19,212	$ 18,084
Personal Loans
Delinquency by finance receivables type
Prior Year One	10,976	8,838
Prior Year Two	4,192	6,026
Prior Year Three	2,812	2,196
Prior Year Four	872	703
Prior Year Five	212	202
Prior Year Six	123	119
Financing Receivable, before Allowance for Credit Loss, Total	19,187	18,084
Performing
Delinquency by finance receivables type
Prior Year One	10,851	8,775
Prior Year Two	4,062	5,869
Prior Year Three	2,727	2,136
Prior Year Four	844	680
Prior Year Five	203	194
Prior Year Six	117	114
Financing Receivable, before Allowance for Credit Loss, Total	18,804	17,768
Performing | Current | Personal Loans
Delinquency by finance receivables type
Prior Year One	10,645	8,659
Prior Year Two	3,935	5,691
Prior Year Three	2,641	2,064
Prior Year Four	814	651
Prior Year Five	193	184
Prior Year Six	109	106
Financing Receivable, before Allowance for Credit Loss, Total	18,337	17,355
Performing | 30-59 days past due | Personal Loans
Delinquency by finance receivables type
Prior Year One	125	72
Prior Year Two	74	106
Prior Year Three	53	44
Prior Year Four	19	18
Prior Year Five	6	6
Prior Year Six	5	5
Financing Receivable, before Allowance for Credit Loss, Total	282	251
Performing | 60-89 days past due | Personal Loans
Delinquency by finance receivables type
Prior Year One	81	44
Prior Year Two	53	72
Prior Year Three	33	28
Prior Year Four	11	11
Prior Year Five	4	4
Prior Year Six	3	3
Financing Receivable, before Allowance for Credit Loss, Total	185	162
Nonperforming (Nonaccrual) | 90+ days past due | Personal Loans
Delinquency by finance receivables type
Prior Year One	125	63
Prior Year Two	130	157
Prior Year Three	85	60
Prior Year Four	28	23
Prior Year Five	9	8
Prior Year Six	6	5
Financing Receivable, before Allowance for Credit Loss, Total	$ 383	$ 316

Finance Receivables - Summary o

Finance Receivables - Summary of Credit Cards by Number of Days Delinquent (Details) - Credit Cards $ in Millions	Dec. 31, 2021USD ($)
Delinquency by finance receivables type
Financing receivable	$ 25
Current
Delinquency by finance receivables type
Financing receivable	25
30-59 days past due
Delinquency by finance receivables type
Financing receivable	0
60-89 days past due
Delinquency by finance receivables type
Financing receivable	0
90+ days past due
Delinquency by finance receivables type
Financing receivable	$ 0

Finance Receivables - TDR Finan

Finance Receivables - TDR Finance Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
TDR gross finance receivables	$ 646	$ 689
TDR net finance receivables	650	691
Allowance for TDR finance receivable losses	$ 270	$ 314

Finance Receivables - New Volum

Finance Receivables - New Volume of TDR HFI & HFS Finance Receivables (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)account	Dec. 31, 2020USD ($)account	Dec. 31, 2019USD ($)account
Financing Receivable, Troubled Debt Restructuring [Line Items]
Pre-modification TDR net finance receivables	$ 453	$ 499	$ 536
Total post-modification TDR net finance receivables	$ 453	$ 499	$ 536
Number of TDR accounts | account	55,229	66,484	78,257
Rate reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total post-modification TDR net finance receivables	$ 310	$ 312	$ 370
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total post-modification TDR net finance receivables	$ 143	$ 187	$ 166

Finance Receivables - Modified

Finance Receivables - Modified as TDR - Non Performing Finance Receivables (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)account	Dec. 31, 2020USD ($)account	Dec. 31, 2019USD ($)account
Receivables [Abstract]
TDR net finance receivables | $	$ 117	$ 105	$ 96
Number of TDR accounts | account	16,046	15,229	14,732

Allowance for Finance Receiva_3

Allowance for Finance Receivable Losses - Changes in Allowance by Type (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes in allowance for finance receivable losses
Balance at beginning of period	$ 2,269	$ 829	$ 731
Provision for finance receivable losses	593	1,319	1,129
Charge-offs	(989)	(1,162)	(1,157)
Recoveries	222	165	126
Balance at end of period	2,095	2,269	829
Personal Loans
Changes in allowance for finance receivable losses
Balance at beginning of period	2,269	829	731
Provision for finance receivable losses	588	1,319	1,129
Charge-offs	(989)	(1,162)	(1,157)
Recoveries	222	165	126
Balance at end of period	2,090	2,269	829
Credit Cards
Changes in allowance for finance receivable losses
Balance at beginning of period	0	0	0
Provision for finance receivable losses	5	0	0
Charge-offs	0	0	0
Recoveries	0	0	0
Balance at end of period	$ 5	0	0
Net impact of adoption of ASU 2016-13
Changes in allowance for finance receivable losses
Balance at beginning of period		1,118
Balance at end of period			1,118
Net impact of adoption of ASU 2016-13 | Personal Loans
Changes in allowance for finance receivable losses
Balance at beginning of period		1,118
Balance at end of period			1,118
Net impact of adoption of ASU 2016-13 | Credit Cards
Changes in allowance for finance receivable losses
Balance at beginning of period		$ 0
Balance at end of period			$ 0

Allowance for Finance Receiva_4

Allowance for Finance Receivable Losses - By Type and Impairment Method (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Allowance for finance receivable losses:
Collectively evaluated for impairment	$ 1,825	$ 1,955
TDR finance receivables	270	314
Total	2,095	2,269	$ 829	$ 731
Finance receivables:
Collectively evaluated for impairment	18,562	17,393
TDR net finance receivables	650	691
Net finance receivables	$ 19,212	$ 18,084
Allowance for finance receivable losses as a percentage of finance receivables	10.90%	12.55%
Personal Loans
Allowance for finance receivable losses:
Collectively evaluated for impairment	$ 1,820	$ 1,955
TDR finance receivables	270	314
Total	2,090	2,269	829	731
Finance receivables:
Collectively evaluated for impairment	18,537	17,393
TDR net finance receivables	650	691
Net finance receivables	$ 19,187	$ 18,084
Allowance for finance receivable losses as a percentage of finance receivables	10.89%	12.55%
Credit Cards
Allowance for finance receivable losses:
Collectively evaluated for impairment	$ 5	$ 0
TDR finance receivables	0	0
Total	5	0	$ 0	$ 0
Finance receivables:
Collectively evaluated for impairment	25	0
TDR net finance receivables	0	0
Net finance receivables	$ 25	$ 0
Allowance for finance receivable losses as a percentage of finance receivables	19.91%	0.00%

Investment Securities - Cost_Am

Investment Securities - Cost/Amortized, Unrealized Gains/Losses & FV on AFS Investment Securities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	$ 1,842,000,000	$ 1,728,000,000
Unrealized Gains	73,000,000	121,000,000
Unrealized Losses	(8,000,000)	(2,000,000)
Fair Value	1,907,000,000	1,847,000,000
Allowance for credit loss		0
U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	16,000,000	12,000,000
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	16,000,000	12,000,000
Obligations of states, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	76,000,000	87,000,000
Unrealized Gains	3,000,000	5,000,000
Unrealized Losses	0	0
Fair Value	79,000,000	92,000,000
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	50,000,000	28,000,000
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	50,000,000	28,000,000
Non-U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	151,000,000	137,000,000
Unrealized Gains	4,000,000	9,000,000
Unrealized Losses	0	0
Fair Value	155,000,000	146,000,000
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	1,246,000,000	1,124,000,000
Unrealized Gains	61,000,000	95,000,000
Unrealized Losses	(5,000,000)	(1,000,000)
Fair Value	1,302,000,000	1,218,000,000
RMBS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	169,000,000	208,000,000
Unrealized Gains	3,000,000	7,000,000
Unrealized Losses	(2,000,000)	0
Fair Value	170,000,000	215,000,000
CMBS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	44,000,000	55,000,000
Unrealized Gains	1,000,000	3,000,000
Unrealized Losses	0	0
Fair Value	45,000,000	58,000,000
CDO/ABS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	90,000,000	77,000,000
Unrealized Gains	1,000,000	2,000,000
Unrealized Losses	(1,000,000)	(1,000,000)
Fair Value	$ 90,000,000	$ 78,000,000

Investment Securities - Additio

Investment Securities - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)investment	Dec. 31, 2020USD ($)investment	Dec. 31, 2019USD ($)
Investments, Debt and Equity Securities [Abstract]
Interest receivable	$ 13	$ 12
Investment securities in an unrealized loss position | investment	570	148
Proceeds from sales and redemptions	$ 250	$ 259	$ 284
Securities on deposit with third parties	$ 587	$ 604

Investment Securities - Fair Va

Investment Securities - Fair Value and Unrealized Losses on AFS Investment Securities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Fair Value
Less Than 12 Months	$ 418	$ 92
12 Months or Longer	61	8
Total	479	100
Unrealized Losses
Less Than 12 Months	(5)	(2)
12 Months or Longer	(3)	0
Total	(8)	(2)
U.S. government and government sponsored entities
Fair Value
Less Than 12 Months	6
12 Months or Longer	0
Total	6
Unrealized Losses
Less Than 12 Months	0
12 Months or Longer	0
Total	0
Obligations of states, municipalities, and political subdivisions
Fair Value
Less Than 12 Months	10	2
12 Months or Longer	0	0
Total	10	2
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	0	0
Commercial paper
Fair Value
Less Than 12 Months	46	19
12 Months or Longer	0	0
Total	46	19
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	0	0
Non-U.S. government and government sponsored entities
Fair Value
Less Than 12 Months	19	1
12 Months or Longer	5	0
Total	24	1
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	0	0
Corporate debt
Fair Value
Less Than 12 Months	208	45
12 Months or Longer	38	8
Total	246	53
Unrealized Losses
Less Than 12 Months	(3)	(1)
12 Months or Longer	(2)	0
Total	(5)	(1)
RMBS
Fair Value
Less Than 12 Months	81
12 Months or Longer	15
Total	96
Unrealized Losses
Less Than 12 Months	(1)
12 Months or Longer	(1)
Total	(2)
CMBS
Fair Value
Less Than 12 Months	7	8
12 Months or Longer	0	0
Total	7	8
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	0	0
CDO/ABS
Fair Value
Less Than 12 Months	41	17
12 Months or Longer	3	0
Total	44	17
Unrealized Losses
Less Than 12 Months	(1)	(1)
12 Months or Longer	0	0
Total	$ (1)	$ (1)

Investment Securities - Contrac

Investment Securities - Contractual Maturities of AFS Investment Securities (Details) $ in Millions	Dec. 31, 2021USD ($)
Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities:
Due in 1 year or less	$ 170
Due after 1 year through 5 years	573
Due after 5 years through 10 years	677
Due after 10 years	182
Mortgage-backed, asset-backed, and collateralized securities	305
Total	1,907
Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities:
Due in 1 year or less	169
Due after 1 year through 5 years	552
Due after 5 years through 10 years	652
Due after 10 years	166
Mortgage-backed, asset-backed, and collateralized securities	303
Cost/ Amortized Cost	$ 1,842

Investment Securities - Fair _2

Investment Securities - Fair Value of Other Securities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Bonds	$ 30	$ 35
Total	85	75
Preferred stock
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	22	13
Common stock
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	$ 33	$ 27

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 1,437,000,000	$ 1,422,000,000
Impairments to goodwill	0	0	$ 0
Amortization expense	$ 32,000,000	$ 37,000,000	$ 39,000,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Acquired Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (312)	$ (280)
Gross Carrying Amount	586	586
Net Other Intangible Assets	274	306
Trade names
Acquired Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	220	220
Licenses
Acquired Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	25	25
VOBA
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	105	105
Accumulated Amortization	(77)	(74)
Net Other Intangible Assets	28	31
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	223	223
Accumulated Amortization	(223)	(194)
Net Other Intangible Assets	0	29
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	13	13
Accumulated Amortization	(12)	(12)
Net Other Intangible Assets	$ 1	$ 1

Long-term Debt- Schedule of Fai

Long-term Debt- Schedule of Fair Value and Carrying Value (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Fair Value
Debt Instrument [Line Items]
Long-term debt	$ 18,781	$ 19,426
Total Carrying Value
Debt Instrument [Line Items]
Long-term debt	17,750	17,800
Senior Debt | Fair Value
Debt Instrument [Line Items]
Long-term debt	18,574	19,278
Senior Debt | Total Carrying Value
Debt Instrument [Line Items]
Long-term debt	17,578	17,628
Junior Subordinated Debt | Fair Value
Debt Instrument [Line Items]
Long-term debt	207	148
Junior Subordinated Debt | Total Carrying Value
Debt Instrument [Line Items]
Long-term debt	$ 172	$ 172

Long-term Debt - Schedule of We

Long-term Debt - Schedule of Weighted Average Effective Interest Rate (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Interest rate during the period	5.37%	5.68%	5.93%
Interest rate at point in time	5.03%	5.68%
Senior Debt
Debt Instrument [Line Items]
Interest rate during the period	5.38%	5.68%	5.90%
Interest rate at point in time	5.05%	5.70%
Junior Subordinated Debt
Debt Instrument [Line Items]
Interest rate during the period	4.02%	5.64%	8.68%
Interest rate at point in time	3.86%	4.09%

Long-term Debt - Principal Matu

Long-term Debt - Principal Maturities of Long-Term Debt (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Principal maturities of long-term debt by type of debt
2022	$ 0
2023	1,175,000,000
2024	1,300,000,000
2025	1,835,000,000
2026	1,600,000,000
2027-2067	4,100,000,000
Total principal maturities	18,042,000,000
Long-term debt	17,750,000,000	$ 17,800,000,000
Debt issuance costs	(114,000,000)
Amounts drawn	600,000,000
Securitizations
Principal maturities of long-term debt by type of debt
2022	0
2023	0
2024	0
2025	0
2026	0
2027-2067	0
Securitizations and Revolving conduit facilities	7,432,000,000
Total principal maturities	7,432,000,000
Long-term debt	7,399,000,000
Debt issuance costs	$ (31,000,000)
Securitizations | Minimum
Long-term debt
Interest rate	0.81%
Securitizations | Maximum
Long-term debt
Interest rate	6.94%
Revolving Conduit Facilities
Principal maturities of long-term debt by type of debt
2022	$ 0
2023	0
2024	0
2025	0
2026	0
2027-2067	0
Securitizations and Revolving conduit facilities	600,000,000
Total principal maturities	600,000,000
Long-term debt	600,000,000
Debt issuance costs	$ 0
Revolving Conduit Facilities | Minimum
Long-term debt
Interest rate	0.86%
Revolving Conduit Facilities | Maximum
Long-term debt
Interest rate	1.02%
Senior Debt | Securitizations
Principal maturities of long-term debt by type of debt
Debt issuance costs	$ 29,000,000
Senior Debt | Unsecured Notes
Principal maturities of long-term debt by type of debt
2022	0
2023	1,175,000,000
2024	1,300,000,000
2025	1,835,000,000
2026	1,600,000,000
2027-2067	3,750,000,000
Total principal maturities	9,660,000,000
Long-term debt	9,579,000,000
Debt issuance costs	$ (83,000,000)
Senior Debt | Unsecured Notes | Minimum
Long-term debt
Interest rate	3.50%
Senior Debt | Unsecured Notes | Maximum
Long-term debt
Interest rate	8.88%
Junior Subordinated Debt
Long-term debt
Interest rate	1.87%
Principal maturities of long-term debt by type of debt
2022	$ 0
2023	0
2024	0
2025	0
2026	0
2027-2067	350,000,000
Total principal maturities	350,000,000
Long-term debt	172,000,000
Debt issuance costs	$ 0

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - USD ($)	Nov. 10, 2021	Jan. 08, 2021	Jan. 31, 2007	Dec. 31, 2021	Dec. 31, 2021	Aug. 11, 2021	Jun. 22, 2021	Dec. 09, 2020
Debt Instrument [Line Items]
Amounts drawn				$ 600,000,000	$ 600,000,000
Revolver | Securitizations
Debt Instrument [Line Items]
Amounts drawn				$ 0	$ 0
Junior Subordinated Debt
Debt Instrument [Line Items]
Interest rate				1.87%	1.87%
OMFC | Revolver | Securitizations
Debt Instrument [Line Items]
Total borrowing capacity				$ 1,000,000,000	$ 1,000,000,000
Debt instrument, term					5 years
OMFC | Senior Debt | 7.75% Senior Notes Due 2021
Debt Instrument [Line Items]
Interest rate				7.75%	7.75%			7.75%
Repayments of debt		$ 681,000,000
Loss on repurchase and repayments of debt					$ 47,000,000
OMFC | Senior Debt | 3.5% Senior Notes Due 2027
Debt Instrument [Line Items]
Interest rate							3.50%
Debt instrument, principal amount							$ 750,000,000
OMFC | Senior Debt | 3.875% Senior Notes Due 2028
Debt Instrument [Line Items]
Interest rate						3.875%
Debt instrument, principal amount						$ 600,000,000
OMFC | Senior Debt | 6.125% Senior Notes Due 2022
Debt Instrument [Line Items]
Interest rate	6.125%
Repayments of debt	$ 1,000,000,000
Loss on repurchase and repayments of debt				$ 23,000,000
OMFC | Junior Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, principal amount			$ 350,000,000
Debt instrument, term			60 years
Tangible equity to tangible managed assets (ratio) (less than)				5.50%	5.50%
Average fixed charge ratio (not more than)				1.10	1.10
OMFC | Junior Subordinated Debt | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate					1.75%
OMFC | Junior Subordinated Debt | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate					1.87%

Variable Interest Entities - Ca

Variable Interest Entities - Carrying Amount of Consolidated VIEs (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Cash and cash equivalents	$ 541	$ 2,272	$ 1,227
Net finance receivables	19,212	18,084
Allowance for finance receivable losses	2,095	2,269	829	$ 731
Restricted cash and restricted cash equivalents	476	451	$ 405
Other assets	1,003	1,054
Long-term debt	17,750	17,800
Consolidated VIEs
Variable Interest Entity [Line Items]
Cash and cash equivalents	2	2
Net finance receivables	8,821	8,772
Allowance for finance receivable losses	910	1,085
Restricted cash and restricted cash equivalents	466	441
Other assets	26	33
Long-term debt	7,999	7,789
Other liabilities	$ 13	$ 15

Variable Interest Entities - Co

Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Interest expense	$ 937	$ 1,027	$ 970
Consolidated VIEs
Variable Interest Entity [Line Items]
Interest expense	$ 293	$ 338	$ 326

Variable Interest Entities - Se

Variable Interest Entities - Securitized Borrowings (Details)	12 Months Ended
	Dec. 31, 2021
Minimum
Debt Instrument [Line Items]
Revolving period	2 years
Maximum
Debt Instrument [Line Items]
Revolving period	7 years

Variable Interest Entities - Re

Variable Interest Entities - Revolving Conduit Facilities (Details)	12 Months Ended
	Dec. 31, 2021USD ($)facility
Line of Credit Facility [Line Items]
Amounts drawn	$ 600,000,000
Consolidated VIEs | Securitizations
Line of Credit Facility [Line Items]
Number of conduit facilities | facility	14
Total borrowing capacity	$ 6,000,000,000
Debt instrument, term	9 years
Amounts drawn	$ 600,000,000
Remaining borrowing capacity	$ 5,400,000,000

Insurance - Additional Informat

Insurance - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)state	Dec. 31, 2020USD ($)
Claims Development [Line Items]
Reserves related to unearned premiums, claims and benefits assumed from non-affiliated insurance companies | $	$ 322	$ 338
AHL
Claims Development [Line Items]
Number of states in which entity operates | state	49
Triton
Claims Development [Line Items]
Number of states in which entity operates | state	50
OMH insurance subsidiaries
Claims Development [Line Items]
Period restricting maximum amount of dividends without prior approval	12 months
Policyholders' surplus restricting maximum amount of dividends (as a percent)	10.00%
Period restricting maximum ordinary dividends without prior approval	12 months
Policyholders' surplus restricting maximum ordinary dividends (as a percent)	10.00%
Non Affiliated Entity
Claims Development [Line Items]
Reserves related to unearned premiums, claims and benefits ceded to non-affiliated insurance companies | $	$ 62	$ 66

Insurance - Unearned Insurance

Insurance - Unearned Insurance Premium Reserves, Claim Reserves and Benefit Reserves (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Claim reserves	$ 118	$ 148	$ 117	$ 117
Insurance claims and policyholder liabilities	621	621
Total	1,382	1,392
Non-finance receivable related
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Total	365	385
Payable to OMH | Finance receivable related
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Total	761	771
Payable to OMH | Finance receivable related | Unearned premium reserves
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Total	677	662
Payable to OMH | Finance receivable related | Claim reserves
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Total	84	109
Payable to third-party beneficiaries | Finance receivable related
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Total	$ 256	$ 236

Insurance - Changes in the Rese

Insurance - Changes in the Reserve for Unpaid Claims and Loss Adjustment Expenses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Liability for unpaid claims and claims adjustment expense
Balance at beginning of period	$ 148	$ 117	$ 117
Less reinsurance recoverables	(3)	(3)	(4)	$ (4)
Net balance at beginning of period		145	113	113
Additions for losses and loss adjustment expenses incurred to:
Current year	212	272	200
Prior years	(18)	(11)	(15)
Total	194	261	185
Reductions for losses and loss adjustment expenses paid related to:
Current year	(135)	(161)	(121)
Prior years	(89)	(67)	(64)
Total	(224)	(228)	(185)
Foreign currency translation adjustment	0	(1)	0
Net balance at end of period	115	145	113
Plus reinsurance recoverables	3	3	4	$ 4
Balance at end of period	$ 118	$ 148	$ 117

Insurance - Claims and Allocate

Insurance - Claims and Allocated Claim Adjustment Expense, Net of Reinsurance (Details) $ in Millions	Dec. 31, 2021USD ($)claim	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Liabilities for claims and claim adjustment expenses, net of reinsurance	$ 99
Insurance lines other than short-duration	19
Total gross liability for unpaid claims and claim adjustment expense	118	$ 148	$ 117	$ 117
Credit Insurance
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	778
Cumulative paid claims and allocated claim adjustment expenses, net of reinsurance	681
All outstanding liabilities before 2017, net of reinsurance	0
Liabilities for claims and claim adjustment expenses, net of reinsurance	97
Credit Insurance | 2017
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	124	125	125	129	$ 136
Incurred-but-not-reported Liabilities	$ 0
Cumulative Number of Reported Claims | claim	43,960
Cumulative Frequency	2.40%
Cumulative paid claims and allocated claim adjustment expenses, net of reinsurance	$ 124	122	118	108	$ 75
Credit Insurance | 2018
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	133	134	135	146
Incurred-but-not-reported Liabilities	$ 3
Cumulative Number of Reported Claims | claim	42,883
Cumulative Frequency	2.20%
Cumulative paid claims and allocated claim adjustment expenses, net of reinsurance	$ 130	125	116	$ 82
Credit Insurance | 2019
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	150	150	155
Incurred-but-not-reported Liabilities	$ 10
Cumulative Number of Reported Claims | claim	45,444
Cumulative Frequency	2.00%
Cumulative paid claims and allocated claim adjustment expenses, net of reinsurance	$ 140	129	$ 88
Credit Insurance | 2020
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	209	226
Incurred-but-not-reported Liabilities	$ 21
Cumulative Number of Reported Claims | claim	68,365
Cumulative Frequency	3.10%
Cumulative paid claims and allocated claim adjustment expenses, net of reinsurance	$ 188	$ 129
Credit Insurance | 2021
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	162
Incurred-but-not-reported Liabilities	$ 63
Cumulative Number of Reported Claims | claim	30,853
Cumulative Frequency	1.40%
Cumulative paid claims and allocated claim adjustment expenses, net of reinsurance	$ 99
Other short-duration insurance lines
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Liabilities for claims and claim adjustment expenses, net of reinsurance	$ 2

Insurance - Average Annual Perc

Insurance - Average Annual Percentage Payout of Incurred Claims (Details) - Credit Insurance	Dec. 31, 2021
Claims Development [Line Items]
Year One	60.90%
Year Two	26.90%
Year Three	7.40%
Year Four	3.60%
Year Five	1.10%

Insurance - Statutory Net Incom

Insurance - Statutory Net Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property and casualty | Triton
Statutory Accounting Practices [Line Items]
Statutory net income for insurance companies	$ 66	$ (7)	$ 16
Life and health | AHL
Statutory Accounting Practices [Line Items]
Statutory net income for insurance companies	$ 79	$ 114	$ 56

Insurance - Statutory Capital a

Insurance - Statutory Capital and Surplus for Insurance Companies (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Property and casualty | Triton
Statutory Accounting Practices [Line Items]
Statutory capital and surplus for insurance companies	$ 210	$ 137
Life and health | AHL
Statutory Accounting Practices [Line Items]
Statutory capital and surplus for insurance companies	$ 292	$ 261

Insurance - Ordinary Dividends

Insurance - Ordinary Dividends Paid (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
AHL
Dividends Payable [Line Items]
Ordinary dividends paid	$ 50	$ 48	$ 0

Insurance - Extraordinary Divid

Insurance - Extraordinary Dividends Paid (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Merit
Dividends Payable [Line Items]
Extraordinary dividends paid	$ 0	$ 0	$ 140

Capital Stock and Earnings Pe_3

Capital Stock and Earnings Per Share (OMH Only) - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021class
Earnings Per Share [Abstract]
Number of classes of authorized stock	2

Capital Stock and Earnings Pe_4

Capital Stock and Earnings Per Share - Par Value and Shares Authorized (Details) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
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
OMH
Class of Stock [Line Items]
Preferred/Special Stock, Par value (in dollars per share)	$ 0.01
Common Stock, Par value (in dollars per share)	$ 0.01
Preferred/Special Stock, Shares authorized (in shares)	300,000,000
Common Stock, Shares authorized (in shares)	2,000,000,000
OMFC
Class of Stock [Line Items]
Preferred/Special Stock, Par value (in dollars per share)	$ 0
Common Stock, Par value (in dollars per share)	$ 0.50	$ 0.50
Preferred/Special Stock, Shares authorized (in shares)	25,000,000
Common Stock, Shares authorized (in shares)	25,000,000	25,000,000

Capital Stock and Earnings Pe_5

Capital Stock and Earnings Per Share (OMH Only) - Changes in Shares Issued and Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	134,341,724	136,101,156	135,832,278
Common stock issued (in shares)	180,839	272,266	268,878
Common stock repurchased (in shares)	(6,712,923)
Common stock repurchased (in shares)		(2,031,698)	0
Ending balance (in shares)	127,809,640	134,341,724	136,101,156

Capital Stock and Earnings Pe_6

Capital Stock and Earnings Per Share - Special Stock and Common Stock Outstanding (OMH Only) (Details) - shares	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Special Stock, Shares outstanding (in shares)	0
Common stock, shares issued (in shares)	127,809,640	134,341,724
Common stock, shares outstanding (in shares)	127,809,640	134,341,724	136,101,156	135,832,278
OMFC
Class of Stock [Line Items]
Special Stock, Shares issued (in shares)	0	0
Special Stock, Shares outstanding (in shares)	0
Common stock, shares issued (in shares)	10,160,021	10,160,021
Common stock, shares outstanding (in shares)	10,160,021	10,160,021

Capital Stock and Earnings Pe_7

Capital Stock and Earnings Per Share (OMH Only) - Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator (basic and diluted):
Net income	$ 1,314	$ 730	$ 855
Denominator:
Weighted average number of shares outstanding (basic) (in shares)	132,653,889	134,716,012	136,070,837
Effect of dilutive securities (in shares)	400,605	203,246	256,074
Weighted average number of shares outstanding (diluted) (in shares)	133,054,494	134,919,258	136,326,911
Earnings per share:
Basic (in dollars per share)	$ 9.90	$ 5.42	$ 6.28
Diluted (in dollars per share)	$ 9.87	$ 5.41	$ 6.27
Restricted stock units
Earnings per share:
Shares excluded in the diluted earnings per share calculation (in shares)	421,511	231,125	270,955

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Balance at beginning of period	$ 3,441	$ 4,330	$ 3,799
Other comprehensive income (loss) before reclassifications	(32)	51	77
Reclassification adjustments from accumulated other comprehensive income	(1)	(1)	1
Balance at end of period	3,093	3,441	4,330
Unrealized Gains (Losses) Available-for-Sale Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Balance at beginning of period	91	41	(28)
Other comprehensive income (loss) before reclassifications	(41)	51	68
Reclassification adjustments from accumulated other comprehensive income	(1)	(1)	1
Balance at end of period	49	91	41
Retirement Plan Liabilities Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Balance at beginning of period	1	3	(3)
Other comprehensive income (loss) before reclassifications	0	(2)	6
Reclassification adjustments from accumulated other comprehensive income	0	0	0
Balance at end of period	1	1	3
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Balance at beginning of period	2	0	(3)
Other comprehensive income (loss) before reclassifications	1	2	3
Reclassification adjustments from accumulated other comprehensive income	0	0	0
Balance at end of period	3	2	0
Other
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Balance at beginning of period	0	0	0
Other comprehensive income (loss) before reclassifications	8	0	0
Reclassification adjustments from accumulated other comprehensive income	0		0
Balance at end of period	8	0	0
Total Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Balance at beginning of period	94	44	(34)
Balance at end of period	$ 61	$ 94	$ 44

Income Taxes - Components of In

Income Taxes - Components of Income Before Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income before income tax expense - U.S. operations	$ 1,722	$ 973	$ 1,082
Income before income tax expense - foreign operations	19	4	16
Income before income taxes	$ 1,741	$ 977	$ 1,098

Income Taxes - Components of _2

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal	$ 298	$ 235	$ 205
Foreign	1	9	3
State	50	45	34
Total current	349	289	242
Deferred:
Federal	55	(43)	15
State	23	1	(14)
Total deferred	78	(42)	1
Total	$ 427	$ 247	$ 243

Income Taxes - Reconciliations

Income Taxes - Reconciliations of The Statutory Federal Income Tax Rate to the Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Examination [Line Items]
Statutory federal income tax rate	21.00%	21.00%	21.00%
State income taxes, net of federal	3.27%	3.52%	3.49%
Change in valuation allowance	0.24%	0.08%	(2.07%)
Nondeductible compensation	0.50%	0.25%	0.13%
Other, net	(0.45%)	0.48%	(0.39%)
Effective income tax rate	24.56%	25.33%	22.16%
OMFC
Income Tax Examination [Line Items]
Statutory federal income tax rate	21.00%	21.00%	21.00%
State income taxes, net of federal	3.27%	3.52%	3.49%
Change in valuation allowance	0.24%	0.08%	(2.06%)
Nondeductible compensation	0.50%	0.25%	0.13%
Other, net	(0.45%)	0.48%	(0.29%)
Effective income tax rate	24.56%	25.33%	22.27%

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of the Beginning and Ending Balances of the Total Amounts of Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$ 10	$ 12	$ 17
Increases in tax positions for current years	2	2	2
Increases in tax positions for prior years	2	0	2
Lapse in statute of limitations	(2)	(4)	(3)
Settlements with tax authorities	(4)	0	(6)
Balance at end of year	$ 8	$ 10	$ 12

Income Taxes - Components of De

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Allowance for loan losses	$ 523	$ 568
Net operating losses and tax credits	32	30
Insurance reserves	34	19
Pension/employee benefits	22	15
Other	32	33
Total	643	665
Deferred tax liabilities:
Goodwill	144	120
Debt fair value adjustment	43	46
Deferred loan fees	33	21
Fair value of equity and securities investments	17	27
Fixed assets	13	15
Other	26	9
Total	276	238
Net deferred tax assets before valuation allowance	367	427
Valuation allowance	(28)	(22)
Net deferred tax assets	$ 339	$ 405

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Investments, Owned, Federal Income Tax Note [Line Items]
Decrease in net deferred tax asset	$ 66
State
Investments, Owned, Federal Income Tax Note [Line Items]
Net operating loss carryforwards	375	$ 451
Valuation allowance	$ 23	$ 19

Leases and Contingencies - Leas

Leases and Contingencies - Leases Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating right-of-use asset balance	$ 140	$ 153
Total	$ 151	$ 165
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	10 years

Leases and Contingencies - Matu

Leases and Contingencies - Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	$ 57
2023	42
2024	28
2025	19
2026	12
2027	5
Thereafter	1
Total lease payments	164
Imputed interest	(13)
Total	$ 151	$ 165
Weighted Average Remaining Lease Term	3 years 8 months 15 days
Weighted Average Discount Rate	3.34%

Leases and Contingencies - Othe

Leases and Contingencies - Other operating expenses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 60	$ 63	$ 61
Variable lease cost	15	15	16
Total	$ 75	$ 78	$ 77

Retirement Benefit Plans - 401(

Retirement Benefit Plans - 401(K) Plans (Details) - UNITED STATES - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Maximum employer matching contribution	100.00%
Percentage of employee salary eligible for employer matching contribution	4.00%
Salaries and benefit expenses related to plan	$ 17	$ 18	$ 17

Retirement Benefits Plans - Def

Retirement Benefits Plans - Defined Benefit Plans (Details) - Pension Plan	12 Months Ended
	Dec. 31, 2021
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Minimum eligibility age to participate in the plan	21 years
Continuous service period required to participate in the plan	12 months
Vesting period	5 years
Normal retirement age	65 years
Maximum credited service period	44 years
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Minimum eligibility age to participate in the plan	21 years
Continuous service period required to participate in the plan	1 year

Retirement Benefit Plans - Obli

Retirement Benefit Plans - Obligations and Funded Status (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)benefitPlan	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Fair value of plan assets
Fair value of plan assets, beginning of period	$ 405
Benefits paid:
Fair value of plan assets, end of period	$ 383	$ 405
Number of underfunded benefit plans | benefitPlan	3
Pension Plan
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation, beginning of period	$ 401	364	$ 320
Interest cost	7	10	12
Actuarial loss (gain)	(18)	42	47
Benefits paid:
Plan assets	(16)	(15)	(15)
Projected benefit obligation, end of period	374	401	364
Fair value of plan assets
Fair value of plan assets, beginning of period	405	363	308
Actual return on plan assets, net of expenses	(7)	56	69
Company contributions	1	1	1
Benefits paid:
Plan assets	(16)	(15)	(15)
Fair value of plan assets, end of period	383	405	363
Funded status, end of period	9	4	(1)
Other assets recognized in the consolidated balance sheet	9	4
Other liabilities recognized in the consolidated balance sheet			(1)
Pretax net gain recognized in accumulated other comprehensive income (loss)	2	3	4
Projected benefit obligation in excess of plan assets	$ 13	$ 14	$ 13

Retirement Benefit Plans - PBO

Retirement Benefit Plans - PBO and ABO and Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other changes in plan assets and projected benefit obligation recognized in other comprehensive income or loss:
Total recognized in other comprehensive income or loss	$ 1	$ 2	$ (7)
Pension Plan
Components of net periodic benefit cost:
Interest cost	7	10	12
Expected return on assets	(12)	(15)	(15)
Net periodic benefit cost	(5)	(5)	(3)
Other changes in plan assets and projected benefit obligation recognized in other comprehensive income or loss:
Net actuarial loss (gain)	1	2	(7)
Total recognized in other comprehensive income or loss	1	2	(7)
Total recognized in net periodic benefit cost and other comprehensive income	$ (4)	$ (3)	$ (10)

Retirement Benefit Plans - Assu

Retirement Benefit Plans - Assumptions (Details) - Pension Plan	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Projected benefit obligation:
Discount rate	2.67%	2.30%
Net periodic benefit costs:
Discount rate	2.30%	3.08%
Expected long-term rate of return on plan assets	3.04%	4.28%

Retirement Benefit Plans - Allo

Retirement Benefit Plans - Allocation of Plan Assets (Details) - Pension Plan	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Expected long-term rate of return on plan assets	3.04%	4.28%
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Expected long-term rate of return on plan assets	3.00%
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Expected long-term rate of return on plan assets	4.30%
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation	95.00%
Target asset allocation	96.00%
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation	4.00%
Target asset allocation	4.00%
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation	1.00%

Retirement Benefit Plans - Expe

Retirement Benefit Plans - Expected Cash Flows (Details) - Pension Plan $ in Millions	Dec. 31, 2021USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2022	$ 17
2023	17
2024	17
2025	17
2026	18
2027-2031	$ 90

Retirement Benefit Plans - Fair

Retirement Benefit Plans - Fair Value of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	$ 383	$ 405
Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	315	363
Level 1
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	34	52
Level 2
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	281	311
Level 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	0	0
Fair value measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	68	42
Cash and cash equivalents | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	4	4
Cash and cash equivalents | Level 1
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	4	4
Cash and cash equivalents | Level 2
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	0	0
Cash and cash equivalents | Level 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	0	0
Equity securities: U.S. | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	2	2
Equity securities: U.S. | Level 1
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	1	2
Equity securities: U.S. | Level 2
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	1	0
Equity securities: U.S. | Level 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	0	0
Equity securities: International | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	1	1
Equity securities: International | Level 1
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	1	1
Equity securities: International | Level 2
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	0	0
Equity securities: International | Level 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	0	0
Fixed income securities: U.S. investment grade | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	304	352
Fixed income securities: U.S. investment grade | Level 1
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	28	45
Fixed income securities: U.S. investment grade | Level 2
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	276	307
Fixed income securities: U.S. investment grade | Level 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	0	0
Fixed income securities: U.S. high yield | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	4	4
Fixed income securities: U.S. high yield | Level 1
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	0	0
Fixed income securities: U.S. high yield | Level 2
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	4	4
Fixed income securities: U.S. high yield | Level 3
Defined Benefit Plan Disclosure [Line Items]
Total fair value of plan assets	$ 0	$ 0

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-Based Compensation Plan and Restricted Stock Units and Awards
Number of shares of common stock authorized (in shares)	12,339,199
Percentage of number of outstanding shares over number of shares reserved and available for issuance by which number of shares reserved is adjusted	10.00%
Share-based compensation expense	$ 22	$ 15	$ 13
Total income tax benefit recognized for stock-based compensation	6	$ 4	$ 3
Unrecognized compensation expense	$ 53
Weighted average period over which unrecognized compensation expense expected is to be recognized	2 years
Service-based Awards
Share-Based Compensation Plan and Restricted Stock Units and Awards
Granted during the period (in dollars per share)	$ 55.39	$ 39.86	$ 30.10
Fair value of service based awards vested in period	$ 12	$ 15	$ 12
Restricted stock units | Minimum
Share-Based Compensation Plan and Restricted Stock Units and Awards
Vesting period of award without rights	1 year
Restricted stock units | Maximum
Share-Based Compensation Plan and Restricted Stock Units and Awards
Vesting period of award without rights	5 years
PRSUs
Share-Based Compensation Plan and Restricted Stock Units and Awards
Granted during the period (in dollars per share)	$ 40.62	$ 42.86	$ 31.86
PRSUs | Median
Share-Based Compensation Plan and Restricted Stock Units and Awards
Achievement of performance goal	3 years
PRSUs | Maximum
Share-Based Compensation Plan and Restricted Stock Units and Awards
Achievement of performance goal	7 years
Stock Based Awards
Share-Based Compensation Plan and Restricted Stock Units and Awards
Share-based compensation expense	$ 54

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Stock Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Service-based Awards
Number of Shares
Unvested as of beginning of period (in shares)	423,468
Granted (in shares)	649,593
Vested (in shares)	(296,425)
Forfeited (in shares)	(40,351)
Unvested as of end of period (in shares)	736,285	423,468
Weighted Average Grant Date Fair Value
Unvested as of beginning of period (in dollars per share)	$ 37.09
Granted (in dollars per share)	55.39	$ 39.86	$ 30.10
Vested (in dollars per share)	40.62
Forfeited (in dollars per share)	48
Unvested as of end of period (in dollars per share)	$ 51.25	$ 37.09
Weighted Average Remaining Term (in Years)	1 year 5 months 19 days
PRSUs
Number of Shares
Unvested as of beginning of period (in shares)	290,725
Granted (in shares)	724,031
Vested (in shares)	0
Forfeited (in shares)	(40,065)
Unvested as of end of period (in shares)	974,691	290,725
Weighted Average Grant Date Fair Value
Unvested as of beginning of period (in dollars per share)	$ 36.23
Granted (in dollars per share)	40.62	$ 42.86	$ 31.86
Vested (in dollars per share)	0
Forfeited (in dollars per share)	45.31
Unvested as of end of period (in dollars per share)	$ 39.12	$ 36.23
Weighted Average Remaining Term (in Years)	1 year 11 months 4 days

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Interest income	$ 4,364	$ 4,368	$ 4,127
Interest expense	937	1,027	970
Provision for finance receivable losses	593	1,319	1,129
Net interest income after provision for finance receivable losses	2,834	2,022	2,028
Total other revenues	531	526	622
Total other expenses	1,624	1,571	1,552
Income before income taxes	1,741	977	1,098
Total assets	22,079	22,471	22,817
Consumer and Insurance | Consumer and Insurance
Segment Reporting Information [Line Items]
Interest income	4,355	4,353	4,114
Interest expense	930	1,007	947
Provision for finance receivable losses	587	1,313	1,105
Net interest income after provision for finance receivable losses	2,838	2,033	2,062
Total other revenues	527	515	600
Total other expenses	1,577	1,527	1,494
Income before income taxes	1,788	1,021	1,168
Total assets	20,019	20,376	20,705
Other
Segment Reporting Information [Line Items]
Interest income	5	6	9
Interest expense	3	4	5
Provision for finance receivable losses	0	0	0
Net interest income after provision for finance receivable losses	2	2	4
Total other revenues	12	13	32
Total other expenses	21	24	39
Income before income taxes	(7)	(9)	(3)
Total assets	40	57	77
Segment to GAAP Adjustment
Segment Reporting Information [Line Items]
Interest income	4	9	4
Interest expense	4	16	18
Provision for finance receivable losses	6	6	24
Net interest income after provision for finance receivable losses	(6)	(13)	(38)
Total other revenues	(8)	(2)	(10)
Total other expenses	26	20	19
Income before income taxes	(40)	(35)	(67)
Total assets	$ 2,020	$ 2,038	$ 2,035

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value & Carrying Value Hierarchy Basis (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Restricted cash and restricted cash equivalents	$ 476	$ 451	$ 405
Total Fair Value
Assets
Cash and cash equivalents	541	2,272
Investment securities	1,992	1,922
Net finance receivables, less allowance for finance receivable losses	20,083	18,629
Restricted cash and restricted cash equivalents	476	451
Other assets	52	62
Liabilities
Long-term debt	18,781	19,426
Total Carrying Value
Assets
Cash and cash equivalents	541	2,272
Investment securities	1,992	1,922
Net finance receivables, less allowance for finance receivable losses	17,117	15,815
Restricted cash and restricted cash equivalents	476	451
Other assets	46	62
Liabilities
Long-term debt	17,750	17,800
Level 1
Assets
Cash and cash equivalents	535	2,255
Investment securities	59	44
Net finance receivables, less allowance for finance receivable losses	0	0
Restricted cash and restricted cash equivalents	476	451
Other assets	0	0
Liabilities
Long-term debt	0	0
Level 2
Assets
Cash and cash equivalents	6	17
Investment securities	1,927	1,870
Net finance receivables, less allowance for finance receivable losses	0	0
Restricted cash and restricted cash equivalents	0	0
Other assets	0	2
Liabilities
Long-term debt	18,781	19,426
Level 3
Assets
Cash and cash equivalents	0	0
Investment securities	6	8
Net finance receivables, less allowance for finance receivable losses	20,083	18,629
Restricted cash and restricted cash equivalents	0	0
Other assets	52	60
Liabilities
Long-term debt	$ 0	$ 0

Fair Value Measurements - Asset

Fair Value Measurements - Assets at Fair Value Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	$ 1,907	$ 1,847
Other securities	85	75
U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	16	12
Obligations of states, municipalities, and political subdivisions
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	79	92
Corporate debt
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1,302	1,218
RMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	170	215
CMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	45	58
CDO/ABS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	90	78
Level 1
Investments, Debt and Equity Securities [Abstract]
Total investment securities	59	44
Level 2
Investments, Debt and Equity Securities [Abstract]
Total investment securities	1,927	1,870
Level 3
Investments, Debt and Equity Securities [Abstract]
Total investment securities	6	8
Fair Value, Measurements, Recurring
Assets
Cash equivalents in mutual funds	41	2,018
Cash equivalents in securities	6	17
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1,907	1,847
Other securities	85	75
Total investment securities	1,992	1,922
Restricted cash equivalents in mutual funds	468	441
Total	2,507	4,398
Fair Value, Measurements, Recurring | Total bonds
Investments, Debt and Equity Securities [Abstract]
Other securities	30	35
Fair Value, Measurements, Recurring | U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	16	12
Fair Value, Measurements, Recurring | Obligations of states, municipalities, and political subdivisions
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	79	92
Fair Value, Measurements, Recurring | Commercial paper
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	50	28
Fair Value, Measurements, Recurring | Non-U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	155	146
Other securities		1
Fair Value, Measurements, Recurring | Corporate debt
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1,302	1,218
Other securities	9	17
Fair Value, Measurements, Recurring | RMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	170	215
Other securities	1
Fair Value, Measurements, Recurring | CMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	45	58
Fair Value, Measurements, Recurring | CDO/ABS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	90	78
Other securities	20	17
Fair Value, Measurements, Recurring | Preferred stock
Investments, Debt and Equity Securities [Abstract]
Other securities	22	13
Fair Value, Measurements, Recurring | Common stock
Investments, Debt and Equity Securities [Abstract]
Other securities	33	27
Fair Value, Measurements, Recurring | Level 1
Assets
Cash equivalents in mutual funds	41	2,018
Cash equivalents in securities	0	0
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	5	5
Other securities	54	39
Total investment securities	59	44
Restricted cash equivalents in mutual funds	468	441
Total	568	2,503
Fair Value, Measurements, Recurring | Level 1 | Total bonds
Investments, Debt and Equity Securities [Abstract]
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Obligations of states, municipalities, and political subdivisions
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Commercial paper
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Non-U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Other securities		0
Fair Value, Measurements, Recurring | Level 1 | Corporate debt
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	5	5
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | RMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Other securities	0
Fair Value, Measurements, Recurring | Level 1 | CMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | CDO/ABS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Preferred stock
Investments, Debt and Equity Securities [Abstract]
Other securities	22	13
Fair Value, Measurements, Recurring | Level 1 | Common stock
Investments, Debt and Equity Securities [Abstract]
Other securities	32	26
Fair Value, Measurements, Recurring | Level 2
Assets
Cash equivalents in mutual funds	0	0
Cash equivalents in securities	6	17
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1,897	1,836
Other securities	30	34
Total investment securities	1,927	1,870
Restricted cash equivalents in mutual funds	0	0
Total	1,933	1,887
Fair Value, Measurements, Recurring | Level 2 | Total bonds
Investments, Debt and Equity Securities [Abstract]
Other securities	30	34
Fair Value, Measurements, Recurring | Level 2 | U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	16	12
Fair Value, Measurements, Recurring | Level 2 | Obligations of states, municipalities, and political subdivisions
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	79	92
Fair Value, Measurements, Recurring | Level 2 | Commercial paper
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	50	28
Fair Value, Measurements, Recurring | Level 2 | Non-U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	155	146
Other securities		1
Fair Value, Measurements, Recurring | Level 2 | Corporate debt
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1,292	1,207
Other securities	9	16
Fair Value, Measurements, Recurring | Level 2 | RMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	170	215
Other securities	1
Fair Value, Measurements, Recurring | Level 2 | CMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	45	58
Fair Value, Measurements, Recurring | Level 2 | CDO/ABS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	90	78
Other securities	20	17
Fair Value, Measurements, Recurring | Level 2 | Preferred stock
Investments, Debt and Equity Securities [Abstract]
Other securities	0	0
Fair Value, Measurements, Recurring | Level 2 | Common stock
Investments, Debt and Equity Securities [Abstract]
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3
Assets
Cash equivalents in mutual funds	0	0
Cash equivalents in securities	0	0
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	5	6
Other securities	1	2
Total investment securities	6	8
Restricted cash equivalents in mutual funds	0	0
Total	6	8
Fair Value, Measurements, Recurring | Level 3 | Total bonds
Investments, Debt and Equity Securities [Abstract]
Other securities	0	1
Fair Value, Measurements, Recurring | Level 3 | U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Obligations of states, municipalities, and political subdivisions
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Commercial paper
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Non-U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Other securities		0
Fair Value, Measurements, Recurring | Level 3 | Corporate debt
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	5	6
Other securities	0	1
Fair Value, Measurements, Recurring | Level 3 | RMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Other securities	0
Fair Value, Measurements, Recurring | Level 3 | CMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | CDO/ABS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Preferred stock
Investments, Debt and Equity Securities [Abstract]
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Common stock
Investments, Debt and Equity Securities [Abstract]
Other securities	$ 1	$ 1

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details)	Dec. 31, 2021USD ($)
Fair Value Disclosures [Abstract]
Debt carried at fair value under the fair value option	$ 0