Onemain Finance 10-Q8 Nov 162016 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2016	Nov. 01, 2016
Document Information [Line Items]
Entity Registrant Name	SPRINGLEAF FINANCE CORP
Entity Central Index Key	25,598
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		10,160,021
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 272	$ 321
Investment securities	573	604
Net finance receivables:
Personal loans (includes loans of consolidated VIEs of $2.6 billion in 2016 and $3.6 billion in 2015)	4,775	4,300
SpringCastle Portfolio (includes loans of consolidated VIEs of $1.7 billion in 2015)	0	1,703
Real estate loans	201	538
Retail sales finance	13	23
Net finance receivables	4,989	6,564
Unearned insurance premium and claim reserves	216	250
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $103 million in 2016 and $128 million in 2015)	(214)	(224)
Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses	4,559	6,090
Finance receivables held for sale (includes finance receivables held for sale of consolidated VIEs of $435 million in 2015)	166	793
Notes receivable from parent and affiliates	3,482	3,804
Restricted cash and cash equivalents (includes restricted cash and cash equivalents of consolidated VIEs of $166 million in 2016 and $282 million in 2015)	176	295
Other assets	279	281
Total assets	9,507	12,188
Liabilities and Shareholder's Equity
Long-term debt (includes debt of consolidated VIEs of $2.4 billion in 2016 and $5.5 billion in 2015)	6,542	9,582
Insurance claims and policyholder liabilities	242	230
Deferred and accrued taxes	134	128
Other liabilities (includes other liabilities of consolidated VIEs of $4 million in 2016 and $7 million in 2015)	285	216
Total liabilities	7,203	10,156
Commitments and contingent liabilities
Shareholder's equity:
Common stock, par value $.50 per share; 25,000,000 shares authorized, 10,160,021 and 10,160,020 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively	5	5
Additional paid-in capital	799	789
Accumulated other comprehensive loss	(13)	(24)
Retained earnings	1,513	1,341
Springleaf Finance Corporation shareholder’s equity	2,304	2,111
Non-controlling interests	0	(79)
Total shareholder’s equity	2,304	2,032
Total liabilities and shareholder’s equity	$ 9,507	$ 12,188

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Personal loans	$ 4,775	$ 4,300
SpringCastle Portfolio	0	1,703
Allowance for finance receivable losses	214	224
Finance receivables held for sale	166	793
Restricted cash and cash equivalents	176	295
Long-term debt	6,542	9,582
Other liabilities (includes other liabilities of consolidated VIEs of $4 million in 2016 and $7 million in 2015)	$ 285	$ 216
Common Stock, par value (dollars per share)	$ 0.5	$ 0.5
Common Stock, shares authorized	25,000,000	25,000,000
Common shares, shares issued	10,160,021	10,160,020
Common shares, shares outstanding	10,160,021	10,160,020
Consolidated VIEs
Allowance for finance receivable losses	$ 103	$ 128
Finance receivables held for sale	0	435
Restricted cash and cash equivalents	166	282
Long-term debt	2,400	5,500
Other liabilities (includes other liabilities of consolidated VIEs of $4 million in 2016 and $7 million in 2015)	0	0
Personal loans
Allowance for finance receivable losses	194	173
Finance receivables held for sale	617
Personal loans \| Consolidated VIEs
Personal loans	2,600	3,600
SpringCastle Portfolio
Allowance for finance receivable losses	0	4
SpringCastle Portfolio \| Consolidated VIEs
SpringCastle Portfolio	$ 0	$ 1,700

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	Mar. 31, 2016	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Finance charges		$ 296		$ 417	$ 976	$ 1,214
Finance receivables held for sale originated as held for investment		7		5	71	13
Total interest income		303		422	1,047	1,227
Interest expense		135		171	429	500
Net interest income		168		251	618	727
Provision for finance receivable losses		87		78	263	230
Net interest income after provision for finance receivable losses		81		173	355	497
Other revenues:
Insurance		43		40	122	116
Investment		8		11	22	43
Interest income on notes receivable from parent and affiliates		56		5	158	11
Net loss on repurchases and repayments of debt		0		0	(16)	0
Net gain on sale of SpringCastle interests	$ 167	0	$ 167	0	167	0
Net gain (loss) on sales of personal and real estate loans		(4)		0	18	0
Other		4		(7)	(2)	(8)
Total other revenues		107		49	469	162
Operating expenses:
Salaries and benefits		81		86	263	264
Other operating expenses		67		79	221	220
Insurance policy benefits and claims		7		17	39	53
Total other expenses		155		182	523	537
Income before provision for income taxes		33		40	301	122
Provision for income taxes		10		5	101	14
Net income		23		35	200	108
Net income attributable to non-controlling interests		0		32	28	98
Net income attributable to Springleaf Finance Corporation		$ 23		$ 3	$ 172	$ 10

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 23	$ 35	$ 200	$ 108
Other comprehensive income (loss):
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	5	(3)	29	(8)
Income tax effect:
Net unrealized (gains) losses on non-credit impaired available-for-sale securities	(1)	1	(10)	3
Other comprehensive income (loss), net of tax, before reclassification adjustments	4	(2)	19	(5)
Reclassification adjustments included in net income:
Net realized gains on available-for-sale securities	(2)	(4)	(5)	(14)
Net realized gain on foreign currency translation adjustments	(5)	0	(5)	0
Income tax effect:
Net realized gains on available-for-sale securities	1	2	2	5
Reclassification adjustments included in net income, net of tax	(6)	(2)	(8)	(9)
Other comprehensive income (loss), net of tax	(2)	(4)	11	(14)
Comprehensive income	21	31	211	94
Comprehensive income attributable to non-controlling interests	0	32	28	98
Comprehensive income (loss) attributable to Springleaf Finance Corporation	$ 21	$ (1)	$ 183	$ (4)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Shareholder’s Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Springleaf Finance Corporation Shareholder’s Equity	Non-controlling Interests
Beginning Balance at Dec. 31, 2014	$ 1,977	$ 5	$ 771	$ 3	$ 1,327	$ 2,106	$ (129)
Increase (Decrease) in Shareholders' Equity
Non-cash incentive compensation from Initial Stockholder	15		15			15
Share-based compensation expense, net of forfeitures	1		1			1
Distributions declared to joint venture partners	(58)						(58)
Other comprehensive income (loss)	(14)			(14)		(14)
Net income	108				10	10	98
Ending Balance at Sep. 30, 2015	2,029	5	787	(11)	1,337	2,118	(89)
Beginning Balance at Dec. 31, 2015	2,032	5	789	(24)	1,341	2,111	(79)
Increase (Decrease) in Shareholders' Equity
Capital contribution from parent	10		10			10
Share-based compensation expense, net of forfeitures	1		1			1
Withholding tax on vested RSUs	(1)		(1)			(1)
Distributions declared to joint venture partners	(18)						(18)
Sale of equity interests in SpringCastle joint venture	69						69
Other comprehensive income (loss)	11			11		11
Net income	200				172	172	28
Ending Balance at Sep. 30, 2016	$ 2,304	$ 5	$ 799	$ (13)	$ 1,513	$ 2,304	$ 0

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income	$ 200	$ 108
Reconciling adjustments:
Provision for finance receivable losses	263	230
Depreciation and amortization	108	71
Deferred income tax benefit	(94)	(10)
Net gain on liquidation of United Kingdom subsidiary	(5)	0
Net gain on sales of personal and real estate loans	(18)	0
Net loss on repurchases and repayments of debt	16	0
Non-cash incentive compensation from Initial Stockholder	0	15
Share-based compensation expense, net of forfeitures	1	1
Net gain on sale of SpringCastle interests	(167)	0
Other	6	(9)
Cash flows due to changes in:
Other assets and other liabilities	17	23
Insurance claims and policyholder liabilities	(21)	22
Taxes receivable and payable	95	(29)
Accrued interest and finance charges	(6)	0
Restricted cash and cash equivalents not reinvested	2	0
Other, net	2	(1)
Net cash provided by operating activities	399	421
Cash flows from investing activities
Net principal collections (originations) of finance receivables held for investment and held for sale	(455)	(552)
Proceeds on sales of finance receivables held for sale originated as held for investment	871	88
Proceeds from sale of SpringCastle interests	101	0
Cash advances on intercompany notes receivables	(643)	(147)
Proceeds from repayments of principal and assignment of intercompany note receivables	887	77
Available-for-sale securities purchased	(218)	(382)
Trading and other securities purchased	(10)	(1,457)
Available-for-sale securities called, sold, and matured	291	408
Trading and other securities called, sold, and matured	18	2,563
Change in restricted cash and cash equivalents	42	(46)
Proceeds from sale of real estate owned	7	12
Other, net	6	1
Net cash provided by investing activities	897	565
Cash flows from financing activities
Proceeds from issuance of long-term debt, net of commissions	2,984	1,929
Proceeds from intercompany note payable	670	0
Repayments of long-term debt	(4,320)	(850)
Distributions to joint venture partners	(18)	(58)
Payments on note payable to affiliate	(670)	0
Withholding tax on RSUs vested	(1)	0
Capital contribution from parent	10	0
Net cash provided by (used for) financing activities	(1,345)	1,021
Net change in cash and cash equivalents	(49)	2,007
Cash and cash equivalents at beginning of period	321	749
Cash and cash equivalents at end of period	272	2,756
Supplemental non-cash activities
Transfer of finance receivables held for investment to finance receivables held for sale (prior to deducting allowance for finance receivable losses)	1,895	608
Increase in finance receivables held for investment financed with intercompany payable	89	0
Transfer of finance receivables to real estate owned	7	8
Net unsettled investment security dispositions	$ (24)	$ 40

Business and Basis of Presentat

Business and Basis of Presentation	9 Months Ended
Business and Basis of Presentation	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	Business and Basis of Presentation Springleaf Finance Corporation (“SFC” or, collectively with its subsidiaries, whether directly or indirectly owned, “Springleaf,” the “Company,” “we,” “us,” or “our”) is a wholly owned subsidiary of Springleaf Finance, Inc. (“SFI”). SFI is a wholly owned subsidiary of OneMain Holdings, Inc. (“OMH”). At September 30, 2016 , Springleaf Financial Holdings, LLC (the “Initial Stockholder”) owned approximately 58% of OMH’s common stock. The Initial Stockholder is owned primarily by a private equity fund managed by an affiliate of Fortress Investment Group LLC (“Fortress”). SFC is a financial services holding company with subsidiaries engaged in the consumer finance and insurance businesses. BASIS OF PRESENTATION We prepared our condensed consolidated financial statements using generally accepted accounting principles in the United States of America (“GAAP”). These statements are unaudited. The year-end condensed balance sheet data was derived from our audited financial statements, but does not include all disclosures required by GAAP. The statements include the accounts of SFC, its subsidiaries (all of which are wholly owned, except for certain subsidiaries associated with a joint venture in which we owned a 47% equity interest prior to March 31, 2016), and variable interest entities (“VIEs”) in which we hold a controlling financial interest and for which we are considered to be the primary beneficiary as of the financial statement date. We eliminated all material intercompany accounts and transactions. We made judgments, estimates, and assumptions that affect amounts reported in our condensed consolidated financial statements and disclosures of contingent assets and liabilities. In management’s opinion, the condensed consolidated financial statements include the normal, recurring adjustments necessary for a fair statement of results. Ultimate results could differ from our estimates. We evaluated the effects of and the need to disclose events that occurred subsequent to the balance sheet date. To conform to the 2016 presentation, we have reclassified certain items in prior periods, including certain items in prior periods of our condensed consolidated financial statements. The condensed consolidated financial statements in this report should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (“ 2015 Annual Report on Form 10-K”). We follow the same significant accounting policies for our interim reporting, except for the change in accounting policy discussed below. As a result of the change in accounting policy, we have revised certain sections in our 2015 Annual Report on Form 10-K to reflect the retrospective application of this change in accounting policy, and such revised disclosures are included in exhibits to our Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on August 29, 2016 (the “retrospective Form 8-K”). Therefore, the condensed consolidated financial statements in this report should also be read in conjunction with the retrospective Form 8-K. CHANGE IN ACCOUNTING POLICY Effective April 1, 2016, we changed our accounting policy for the derecognition of loans within a purchased credit impaired pool. Historically, we removed loans from a purchased credit impaired pool upon charge-off of the loan, based on the Company’s charge-off accounting policy at their allocated carrying value. Under our new accounting policy, loans will be removed from a purchased credit impaired pool when the loan is written-off, at which time further collections efforts would not be pursued, or sold or repaid. While both methods are acceptable under GAAP, we believe the new method for derecognition of purchased credit impaired loans is preferable as it enhances consistency with our industry peers. As of January 1, 2015, the cumulative effect of applying the change in accounting policy increased shareholder’s equity by $37 million . For the nine months ended September 30, 2016, the effect of this change in accounting policy was as follows: • decreased income before provision for income taxes by $56 million ; • decreased net income by $34 million ; and • decreased net income attributable to SFC by $37 million . The effect of the change in accounting policy on the amounts reported in our condensed consolidated statements of operations for the three months ended September 30, 2016, was less than $1 million . Our policy for derecognition of purchased credit impaired loans following the change described above is presented below: Purchased Credit Impaired Finance Receivables As part of each of our acquisitions, we identify a population of finance receivables for which it is determined that it is probable that we will be unable to collect all contractually required payments. The population of accounts identified generally consists of those finance receivables that are (i) 60 days or more past due at acquisition, (ii) which had been classified as troubled debt restructured (“TDR”) finance receivables as of the acquisition date, (iii) may have been previously modified, or (iv) had other indications of credit deterioration as of the acquisition date. We accrete the excess of the cash flows expected to be collected on the purchased credit impaired finance receivables over the discounted cash flows (the “accretable yield”) into interest income at a level rate of return over the expected lives of the underlying pools of the purchased credit impaired finance receivables. The underlying pools are based on finance receivables with common risk characteristics. We have established policies and procedures to update on a quarterly basis the amount of cash flows we expect to collect, which incorporates assumptions regarding default rates, loss severities, the amounts and timing of prepayments and other factors that are reflective of then current market conditions. Probable decreases in expected finance receivable cash flows result in the recognition of impairment, which is recognized through the provision for finance receivable losses. Probable significant increases in expected cash flows to be collected would first reverse any previously recorded allowance for finance receivable losses; any remaining increases are recognized prospectively as adjustments to the respective pool’s yield. Our purchased credit impaired finance receivables remain in our purchased credit impaired pools until liquidation or write-off. We do not reclassify modified purchased credit impaired finance receivables as TDR finance receivables. We have additionally established policies and procedures related to maintaining the integrity of these pools. A finance receivable will not be removed from a pool unless we sell, foreclose, or otherwise receive assets in satisfaction of a particular finance receivable or a finance receivable is written-off. If a finance receivable is renewed and additional funds are lent and terms are adjusted to current market conditions, we consider this a new finance receivable and the previous finance receivable is removed from the pool. If the facts and circumstances indicate that a finance receivable should be removed from a pool, that finance receivable will be removed at its allocated carrying amount, and such removal will not affect the yield used to recognize accretable yield of the pool. We have retrospectively applied this change in accounting policy. The effect of this change in accounting policy on the amounts previously reported in our condensed consolidated statements of operations for the three and nine months ended September 30, 2015 and our condensed consolidated statements of cash flows for the nine months ended September 30, 2015 are included in the following tables. Revised Condensed Consolidated Statements of Operations (dollars in millions) Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 As Reported As Adjusted As Reported As Adjusted Interest income: Finance charges $ 419 $ 417 $ 1,221 $ 1,214 Finance receivables held for sale originated as held for investment 4 5 13 13 Total interest income 423 422 1,234 1,227 Interest expense 171 171 500 500 Net interest income 252 251 734 727 Provision for finance receivable losses 82 78 247 230 Net interest income after provision for finance receivable losses 170 173 487 497 Other revenues: Insurance 40 40 116 116 Investment 11 11 43 43 Interest income on notes receivable from parent and affiliates 5 5 11 11 Other (1 ) (7 ) (3 ) (8 ) Total other revenues 55 49 167 162 Other expenses: Operating expenses: Salaries and benefits 86 86 264 264 Other operating expenses 79 79 220 220 Insurance policy benefits and claims 17 17 53 53 Total other expenses 182 182 537 537 Income before provision for income taxes 43 40 117 122 Provision for income taxes 7 5 14 14 Net income 36 35 103 108 Net income attributable to non-controlling interests 31 32 93 98 Net income attributable to Springleaf Finance Corporation $ 5 $ 3 $ 10 $ 10 Revised Condensed Consolidated Statement of Cash Flows (dollars in millions) Nine Months Ended September 30, 2015 As Reported As Adjusted Cash flows from operating activities Net income $ 103 $ 108 Reconciling adjustments: Provision for finance receivable losses 247 230 Depreciation and amortization 64 71 Deferred income tax benefit (10 ) (10 ) Non-cash incentive compensation from Initial Stockholder 15 15 Share-based compensation expense, net of forfeitures 1 1 Other (13 ) (9 ) Cash flows due to changes in: Other assets and other liabilities 23 23 Insurance claims and policyholder liabilities 22 22 Taxes receivable and payable (29 ) (29 ) Other, net (1 ) (1 ) Net cash provided by operating activities 422 421 Cash flows from investing activities Net principal collections (originations) of finance receivables held for investment and held for sale (552 ) (552 ) Proceeds on sales of finance receivables held for sale originated as held for investment 88 88 Cash advances on intercompany notes receivables (147 ) (147 ) Principal collections on intercompany notes receivables 77 77 Available-for-sale securities purchased (382 ) (382 ) Trading and other securities purchased (1,457 ) (1,457 ) Available-for-sale securities called, sold, and matured 408 408 Trading and other securities called, sold, and matured 2,563 2,563 Change in restricted cash and cash equivalents (46 ) (46 ) Proceeds from sale of real estate owned 12 12 Other, net 1 1 Net cash provided by investing activities 565 565 Cash flows from financing activities Proceeds from issuance of long-term debt, net of commissions 1,929 1,929 Repayments of long-term debt (850 ) (850 ) Distributions to joint venture partners (59 ) (58 ) Net cash provided by financing activities 1,020 1,021 Net change in cash and cash equivalents 2,007 2,007 Cash and cash equivalents at beginning of period 749 749 Cash and cash equivalents at end of period $ 2,756 $ 2,756 We have also adjusted the applicable prior period amounts in the Notes to the Condensed Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part I, Item 2 herein to reflect the impact of this change in accounting policy.

Significant Transactions

Significant Transactions	9 Months Ended
Significant Transactions	Sep. 30, 2016
Significant Transactions [Abstract]
Significant Transactions	Significant Transactions OMH’S ACQUISITION OF ONEMAIN FINANCIAL HOLDINGS, LLC On November 15, 2015, OMH, through its wholly owned subsidiary, Independence Holdings, LLC (“Independence”), completed its acquisition of OneMain Financial Holdings, LLC (“OMFH”) from CitiFinancial Credit Company (“Citigroup”) for approximately $4.5 billion in cash (the “OneMain Acquisition”). As a result of the OneMain Acquisition, OMFH became a wholly owned, indirect subsidiary of OMH. OMFH is not a subsidiary of SFC and SFC is not a subsidiary of OMFH. In connection with the closing of the OneMain Acquisition, on November 13, 2015, OMH and certain subsidiaries of SFC entered into an Asset Preservation Stipulation and Order and agreed to a Proposed Final Judgment (collectively, the “Settlement Agreement”) with the U.S. Department of Justice (the “DOJ”), as well as the state attorneys general for Colorado, Idaho, Pennsylvania, Texas, Virginia, Washington and West Virginia. The Settlement Agreement resolved the inquiries of the DOJ and such attorneys general with respect to the OneMain Acquisition and allowed OMH to proceed with the closing. Pursuant to the Settlement Agreement, OMH agreed to divest 127 branches of SFC subsidiaries across 11 states as a condition for approval of the OneMain Acquisition. The Settlement Agreement required certain of OMH’s subsidiaries (the “Branch Sellers”) to operate these 127 branches as an ongoing, economically viable and competitive business until sold to the divestiture purchaser. The court overseeing the settlement appointed a third-party monitor to oversee management of the divestiture branches and ensure the Company’s compliance with the terms of the Settlement Agreement. SPRINGCASTLE INTERESTS SALE On March 31, 2016, SFI, SpringCastle Holdings, LLC (“SpringCastle Holdings”) and Springleaf Acquisition Corporation (“Springleaf Acquisition” and, together with SpringCastle Holdings, the “SpringCastle Sellers”), wholly owned subsidiaries of OMH, entered into a purchase agreement with certain subsidiaries of New Residential Investment Corp. (“NRZ” and such subsidiaries, the “NRZ Buyers”) and BTO Willow Holdings II, L.P. and Blackstone Family Tactical Opportunities Investment Partnership—NQ—ESC L.P. (collectively, the “Blackstone Buyers” and together with the NRZ Buyers, the “SpringCastle Buyers”). Pursuant to the purchase agreement, on March 31, 2016, SpringCastle Holdings sold its 47% limited liability company interest in each of SpringCastle America, LLC, SpringCastle Credit, LLC and SpringCastle Finance, LLC, and Springleaf Acquisition sold its 47% limited liability company interest in SpringCastle Acquisition LLC, to the SpringCastle Buyers for an aggregate purchase price of approximately $112 million (the “SpringCastle Interests Sale”). SpringCastle America, LLC, SpringCastle Credit, LLC, SpringCastle Finance, LLC and SpringCastle Acquisition LLC are collectively referred to herein as the “SpringCastle Joint Venture.” The SpringCastle Joint Venture primarily holds subordinate ownership interests in a securitized loan portfolio (the “SpringCastle Portfolio”), which consists of unsecured loans and loans secured by subordinate residential real estate mortgages and includes both closed-end accounts and open-end lines of credit. These loans are in a liquidating status and vary in form and substance from the Company’s originated loans. At December 31, 2015, the SpringCastle Portfolio included over 232,000 of acquired loans, representing $1.7 billion in net finance receivables. In connection with the SpringCastle Interests Sale, the SpringCastle Buyers paid $101 million of the aggregate purchase price to the SpringCastle Sellers on March 31, 2016, with the remaining $11 million paid into an escrow account on July 29, 2016. Such escrowed funds are expected to be held in escrow for a period of up to five years following March 31, 2016, and, subject to the terms of the purchase agreement and assuming certain portfolio performance requirements are satisfied, paid to the SpringCastle Sellers at the end of such five -year period. In connection with the SpringCastle Interests Sale, we recorded a net gain in other revenues at the time of sale of $ 167 million . As a result of this sale, SpringCastle Acquisition and SpringCastle Holdings no longer hold any ownership interests of the SpringCastle Joint Venture. However, unless SFI is terminated, SFI will remain as servicer of the SpringCastle Portfolio under the servicing agreement for the SpringCastle Funding Trust. In addition, we deconsolidated the underlying loans of the SpringCastle Portfolio and previously issued securitized interests, which were reported in long-term debt, as we no longer were considered the primary beneficiary. Prior to the SpringCastle Interests Sale, affiliates of the NRZ Buyers owned a 30% limited liability company interest in the SpringCastle Joint Venture, and affiliates of the Blackstone Buyers owned a 23% limited liability company interest in the SpringCastle Joint Venture (together, the “Other Members”). The Other Members are parties to the purchase agreement for purposes of certain limited indemnification obligations and post-closing expense reimbursement obligations of the SpringCastle Joint Venture to the SpringCastle Sellers. The NRZ Buyers are subsidiaries of NRZ, which is externally managed by an affiliate of Fortress. The Initial Stockholder, which owned approximately 58% of OMH’s common stock as of March 31, 2016, the date of sale, was owned primarily by a private equity fund managed by an affiliate of Fortress. Mr. Edens, Chairman of the Board of Directors of OMH, also serves as Chairman of the Board of Directors of NRZ. Mr. Edens is also a principal of Fortress and serves as Co-Chairman of the Board of Directors of Fortress. Mr. Jacobs, a member of the Board of Directors of OMH, also serves as a member of NRZ’s Board of Directors and Fortress’ Board of Directors. The purchase agreement included customary representations, warranties, covenants and indemnities. We did not record a sales recourse obligation related to the SpringCastle Interests Sale. SFC’S OFFERING OF 8.25% SENIOR NOTES On April 11, 2016, SFC issued $1.0 billion aggregate principal amount of 8.25% Senior Notes due 2020 (the “8.25% SFC Notes”) under an Indenture dated as of December 3, 2014 (the “Base Indenture”), as supplemented by a First Supplemental Indenture, dated as of December 3, 2014 (the “First Supplemental Indenture”) and a Second Supplemental Indenture, dated as of April 11, 2016 (the “Second Supplemental Indenture” and, collectively with the Base Indenture and the First Supplemental Indenture, the “Indenture”), pursuant to which OMH provided a guarantee of the notes on an unsecured basis. SFC used a portion of the proceeds from the offering to repurchase approximately $600 million aggregate principal amount of its existing senior notes that mature in 2017, at a premium to principal amount from certain beneficial owners, and certain of those beneficial owners purchased new SFC senior notes in the offering. SFC intends to use the remaining net proceeds for general corporate purposes, which may include further debt repurchases and repayments. The notes are SFC’s senior unsecured obligations and rank equally in right of payment to all of SFC’s other existing and future unsubordinated indebtedness from time to time outstanding. The notes are effectively subordinated to all of SFC’s secured obligations to the extent of the value of the assets securing such obligations and structurally subordinated to any existing and future obligations of SFC’s subsidiaries with respect to claims against the assets of such subsidiaries. The notes may be redeemed at any time and from time to time, at the option of SFC, in whole or in part at a “make-whole” redemption price specified in the Indenture. The notes will not have the benefit of any sinking fund. The Indenture contains covenants that, among other things, (i) limit SFC’s ability to create liens on assets and (ii) restrict SFC’s ability to consolidate, merge or sell its assets. The Indenture also provides for events of default which, if any of them were to occur, would permit or require the principal of and accrued interest on the notes to become, or to be declared, due and payable. LENDMARK SALE On November 12, 2015, OMH and the Branch Sellers entered into a purchase and sale agreement with Lendmark Financial Services, LLC (“Lendmark”) to sell 127 Springleaf branches and, subject to certain exclusions, the associated personal loans issued to customers of such branches, fixed non-information technology assets and certain other tangible personal property located in such branches to Lendmark (the “Lendmark Sale”) for a purchase price equal to the sum of (i) the aggregate unpaid balance as of closing of the purchased loans multiplied by 103% , plus (ii) for each interest-bearing purchased loan, an amount equal to all unpaid interest that had accrued on the unpaid balance at the applicable note rate from the most recent interest payment date through the closing, plus (iii) the sum of all prepaid charges and fees and security deposits of the Branch Sellers to the extent arising under the purchased contracts as reflected on the books and records of the Branch Sellers as of closing, subject to certain limitations if the purchase price would exceed $695 million and Lendmark would be unable to obtain financing on certain specified terms. In anticipation of the sale of these branches, we transferred $608 million of personal loans from held for investment to held for sale on September 30, 2015. Pursuant to the Settlement Agreement, we were required to dispose of the branches to be sold in connection with the Lendmark Sale within 120 days following November 13, 2015, subject to such extensions as the DOJ may approve. As we did not believe we would be able to consummate the Lendmark Sale prior to April 1, 2016, we requested two extensions of the closing deadline set forth in the Settlement Agreement. The DOJ granted our requests through May 13, 2016. On May 2, 2016, we completed the Lendmark Sale for an aggregate cash purchase price of $624 million . Such sale was effective as of April 30, 2016, and included the sale to Lendmark of personal loans with an unpaid principal balance (“UPB”) as of March 31, 2016 of $600 million . OMH has entered into a transition services agreement with Lendmark dated as of May 2, 2016 (the “Transition Services Agreement”), and OMH’s and our activities will remain subject to the oversight of the Monitoring Trustee appointed by the court pursuant to the Settlement Agreement until the expiration of the Transition Services Agreement. The Transition Services Agreement is currently scheduled to expire on or before February 2, 2017, subject to an additional three -month extension with the permission of the DOJ. Although we and OMH continue to take such steps as we believe are necessary to comply with the terms of the Settlement Agreement, no assurance can be given that we will not incur fines or penalties associated with OMH’s or our activities pursuant to the Transition Services Agreement or OMH’s or our efforts to comply with the terms of the Settlement Agreement. On May 2, 2016, SFC used a portion of the proceeds from the Lendmark Sale to repay, in full, its revolving demand note with OMFH, which totaled $ 376 million (including interest payable of $ 6 million ). REAL ESTATE LOAN SALE On August 3, 2016, SFC and certain of its subsidiaries sold a portfolio of second lien mortgage loans for aggregate cash proceeds of $246 million (the “August 2016 Real Estate Loan Sale”). In connection with this sale, we recorded a net loss in other revenues at the time of sale of $4 million . Unless we are terminated or we resign as servicer, we will continue to service the loans included in this sale pursuant to a servicing agreement. The purchase and sale agreement and the servicing agreement include customary representations and warranties and indemnification provisions.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Sep. 30, 2016
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED Consolidation In February of 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2015-02, Consolidation - Amendments to the Consolidation Analysis , which amends the current consolidation guidance and ends the deferral granted to reporting entities with variable interests in investment companies from applying certain prior amendments to the VIE guidance. This ASU is applicable to entities across all industries, particularly those that use limited partnerships as well as entities in any industry that outsource decision making or have historically applied related party tiebreakers in their consolidation analysis and disclosures. The standard became effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. We have adopted this ASU and concluded that it does not have a material effect on our consolidated financial statements. Technical Corrections and Improvements In June of 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements , to correct differences between original guidance and the Accounting Standards Codification, clarify the guidance, correct references and make minor improvements affecting a variety of topics. The amendments to this transition guidance became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. We have adopted this ASU and concluded that it does not have a material effect on our consolidated financial statements. Debt Instruments In March of 2016, the FASB issued ASU 2016-06, Contingent Puts and Call Options in Debt Instruments , which clarifies the requirements for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt host. The ASU requires assessing the embedded call (put) options solely in accordance with the four-step decision sequence. The amendment of this ASU becomes effective on a modified retrospective basis for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. We have early adopted this ASU and concluded that it does not have a material effect on our consolidated financial statements. Stock Compensation In March of 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting , which simplifies the accounting for share-based payment transactions, income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this ASU were adopted as follows: • We adopted the amendment requiring recognition of tax benefits related to exercised or vested awards through the income statement rather than additional paid-in capital on a prospective basis as of January 1, 2016. Further, as of January 1, 2016, there was no impact to additional paid-in capital as a result of our adoption of this ASU under the modified retrospective method. • We did not adopt the amendment allowing for the use of the actual number of shares vested each period, rather than estimating the number of awards that are expected to vest. We continue to use an estimate as it relates to the number of awards that are expected to vest. • We adopted the amendment for the threshold to qualify for equity classification permits withholding up to the maximum statutory tax rates, under the modified retrospective basis as of January 1, 2016. This amendment did not have a material impact on our consolidated financial statements. • We adopted the amendment requiring the classification of employee taxes paid on the statement of cash flows when an employer withholds shares for tax-withholding purposes to be presented in the financing activities instead of the operating activities, under the retrospective method as of January 1, 2014. This amendment did not have a material impact on our consolidated financial statements. • We adopted the amendment requiring the classification of excess tax benefits on the statement of cash flows to be presented in the operating activities instead of the financing activities, under the prospective method as of September 30, 2016. This amendment did not have a material impact on our consolidated financial statements. ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED Revenue Recognition In May of 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which provides a consistent revenue accounting model across industries. In August of 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers - Deferral of the Effective Date , to defer the effective date of the new revenue recognition standard by one year, which would result in the ASU becoming effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. In March of 2016, the FASB issued ASU 2016-08, Principal versus Agent Considerations, which clarifies the implementation of the guidance on principal versus agent considerations from ASU 2014-09, Revenue from Contracts with Customers . ASU 2016-08 does not change the core principle of the guidance in ASU 2014-09, but rather clarifies the distinction between principal versus agent considerations when implementing ASU 2014-09. In April of 2016, the FASB issued ASU 2016-10, Identifying Performance Obligations and Licensing , to clarify the implementation guidance of ASU 2014-09 relating to performance obligations and licensing. In May of 2016, the FASB issued ASU 2016-12, Narrow-Scope Improvements and Practical Expedients, to clarify guidance in ASU 2014-09 related to assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts/contract modifications. We are evaluating whether the adoption of these accounting pronouncements will have a material effect on our consolidated financial statements. Short-Duration Insurance Contracts Disclosures In May of 2015, the FASB issued ASU 2015-09, Disclosures about Short-Duration Contracts , to address enhanced disclosure requirements for insurers relating to short-duration insurance contract claims and unpaid claims liability rollforward for long and short-duration contracts. The disclosures are intended to provide users of financial statements with more transparent information about an insurance entity’s initial claim estimates and subsequent adjustments to those estimates, the methodologies and judgments used to estimate claims, and the timing, frequency, and severity of claims. The amendments in this ASU become effective for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. We are evaluating the potential impact of the adoption of the ASU on our consolidated financial statements. Financial Instruments In January of 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities , which simplifies the impairment assessment of equity investments. The update requires equity investments to be measured at fair value with changes recognized in net income. This ASU eliminates the requirement to disclose the methods and assumptions to estimate fair value for financial instruments, requires the use of the exit price for disclosure purposes, requires the change in liability due to a change in credit risk to be presented in other comprehensive income, requires separate presentation of financial assets and liabilities by measurement category and form of asset (securities and loans), and clarifies the need for a valuation allowance on a deferred tax asset related to available-for-sale securities. The amendments in this ASU become effective prospectively for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. We are evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. Leases In February of 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The ASU will require lessees to recognize assets and liabilities on leases with terms greater than 12 months and to disclose information related to the amount, timing and uncertainty of cash flows arising from leases, including various qualitative and quantitative requirements. The amendments in this ASU become effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. We are evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. Investments In March of 2016, the FASB issued ASU 2016-07, Simplifying the Transition to the Equity Method of Accounting , which eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The ASU requires that an entity that has available-for-sale securities recognize, through earnings, the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendment in this ASU becomes effective prospectively for annual periods, and interim periods within those annual periods, beginning after December 15, 2016. We are evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. Revenue Recognition and Derivatives and Hedging In May of 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815) , to rescind certain SEC guidance in Topic 605 and Topic 815 as ASU 2014-09 becomes effective. Our adoption of ASU 2014-09 will bring us into alignment with this ASU. We are evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. Allowance for Finance Receivables Losses In June of 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The ASU significantly changes the way that entities will be required to measure credit losses. The new standard requires that the estimated credit loss be based upon an “expected credit loss” approach rather than the “incurred loss” approach currently required. The new approach will require entities to measure all expected credit losses for financial assets based on historical experience, current conditions, and reasonable forecasts of collectability. It is anticipated that the expected credit loss model will require earlier recognition of credit losses than the incurred loss approach. The ASU requires that credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination that are measured at amortized cost basis be determined in a similar manner to other financial assets measured at amortized cost basis; however, the initial allowance for credit losses is added to the purchase price of the financial asset rather than being reported as a credit loss expense. Subsequent changes in the allowance for credit losses are recorded in earnings. Interest income should be recognized based on the effective rate, excluding the discount embedded in the purchase price attributable to expected credit losses at acquisition. The ASU also requires companies to record allowances for held-to-maturity and available-for-sale debt securities rather than write-downs of such assets. In addition, the ASU requires qualitative and quantitative disclosures that provide information about the allowance and the significant factors that influenced management’s estimate of the allowance. The ASU will become effective for the Company for fiscal years beginning January 1, 2020. Early adoption is permitted for fiscal years beginning January 1, 2019. We believe the adoption of this ASU will have a material effect on our consolidated financial statements and we are in the process of evaluating the expected impacts. Statement of Cash Flows In August of 2016, the FASB issued ASU 2016-15, Statement of Cash Flows , which clarifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments in this ASU will become effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. We are evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. We do not believe that any other accounting pronouncements issued during the nine months ended September 30, 2016 , but not yet effective, would have a material impact on our consolidated financial statements or disclosures, if adopted.

Finance Receivables

Finance Receivables	9 Months Ended
Finance Receivables	Sep. 30, 2016
Receivables [Abstract]
Finance Receivables	Finance Receivables Our finance receivable types include personal loans, real estate loans, and retail sales finance as defined below: • Personal loans — are secured by consumer goods, automobiles, or other personal property or are unsecured, typically non-revolving with a fixed-rate and a fixed, original term of two to five years . At September 30, 2016 , we had over 941,000 personal loans representing $4.8 billion of net finance receivables, compared to 890,000 personal loans totaling $4.3 billion at December 31, 2015 . • Real estate loans — are secured by first or second mortgages on residential real estate, generally have maximum original terms of 360 months , and are considered non-conforming. Real estate loans may be closed-end accounts or open-end home equity lines of credit and are primarily fixed-rate products. Since we ceased real estate lending in January of 2012, our real estate loans are in a liquidating status. • Retail sales finance — include retail sales contracts and revolving retail accounts. Retail sales contracts are closed-end accounts that represent a single purchase transaction. Revolving retail accounts are open-end accounts that can be used for financing repeated purchases from the same merchant. Retail sales contracts are secured by the personal property designated in the contract and generally have maximum original terms of 60 months . Revolving retail accounts are secured by the goods purchased and generally require minimum monthly payments based on the amount financed calculated after the most recent purchase or outstanding balances. Our retail sales finance portfolio is in a liquidating status. Our finance receivable types also included the SpringCastle Portfolio at December 31, 2015 , as defined below: • SpringCastle Portfolio — included unsecured loans and loans secured by subordinate residential real estate mortgages that were sold on March 31, 2016, in connection with the SpringCastle Interests Sale. The SpringCastle Portfolio included both closed-end accounts and open-end lines of credit. These loans were in a liquidating status and varied in substance and form from our originated loans. Unless SFI is terminated, SFI will continue to provide the servicing for these loans pursuant to a servicing agreement, which SFI services as unsecured loans because the liens are subordinated to superior ranking security interests. Components of net finance receivables held for investment by type were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Estate Loans Retail Total September 30, 2016 Gross receivables * $ 5,467 $ — $ 200 $ 14 $ 5,681 Unearned finance charges and points and fees (799 ) — — (1 ) (800 ) Accrued finance charges 61 — 1 — 62 Deferred origination costs 46 — — — 46 Total $ 4,775 $ — $ 201 $ 13 $ 4,989 December 31, 2015 Gross receivables * $ 5,028 $ 1,672 $ 534 $ 25 $ 7,259 Unearned finance charges and points and fees (833 ) — — (2 ) (835 ) Accrued finance charges 60 31 4 — 95 Deferred origination costs 45 — — — 45 Total $ 4,300 $ 1,703 $ 538 $ 23 $ 6,564 * Gross receivables are defined as follows: • Finance receivables purchased as a performing receivable — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; additionally, the remaining unearned discount, net of premium established at the time of purchase, is included in both interest bearing and precompute accounts to reflect the finance receivable balance at its initial fair value; • Finance receivables originated subsequent to the Fortress Acquisition — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; • Purchased credit impaired finance receivables — gross finance receivables equal the remaining estimated cash flows less the current balance of accretable yield on the purchased credit impaired accounts; and • TDR finance receivables — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; additionally, the remaining unearned discount, net of premium established at the time of purchase, is included in both interest bearing and precompute accounts previously purchased as a performing receivable. Unused lines of credit extended to customers by the Company were as follows: (dollars in millions) September 30, December 31, Personal loans $ 1 $ 2 SpringCastle Portfolio — 365 Real estate loans 10 30 Total $ 11 $ 397 Unused lines of credit on our personal loans can be suspended if any of the following occurs: (i) the value of the collateral declines significantly; (ii) we believe the borrower will be unable to fulfill the repayment obligations; or (iii) any other default by the borrower of any material obligation under the agreement occurs. Unused lines of credit on our real estate loans can be suspended if any of the following occurs: (i) the value of the real estate declines significantly below the property’s initial appraised value; (ii) we believe the borrower will be unable to fulfill the repayment obligations because of a material change in the borrower’s financial circumstances; or (iii) any other default by the borrower of any material obligation under the agreement occurs. Unused lines of credit on home equity lines of credit can be terminated for delinquency. Accordingly, no reserve has been recorded for the unused lines of credit. CREDIT QUALITY INDICATORS We consider the delinquency status and nonperforming status of the finance receivable as our primary credit quality indicators. We accrue finance charges on revolving retail finance receivables up to the date of charge-off at 180 days past due. Our revolving retail finance receivables that were more than 90 days past due and still accruing finance charges at September 30, 2016 and at December 31, 2015 were immaterial . Our personal loans and real estate loans do not have finance receivables that were more than 90 days past due and still accruing finance charges. Delinquent and Nonperforming Finance Receivables We consider the delinquency status of the finance receivable as our primary credit quality indicator. We monitor delinquency trends to manage our exposure to credit risk. We consider finance receivables 60 days or more past due as delinquent and consider the likelihood of collection to decrease at such time. We also monitor finance receivable performance trends to evaluate the potential risk of future credit losses. At 90 days or more past due, we consider our finance receivables to be nonperforming. Once the finance receivables are considered as nonperforming, we consider them to be at increased risk for credit loss. The following is a summary of net finance receivables held for investment by type and by number of days delinquent: (dollars in millions) Personal SpringCastle Portfolio Real Estate Loans Retail Total September 30, 2016 Net finance receivables: Performing Current $ 4,546 $ — $ 152 $ 13 $ 4,711 30-59 days past due 78 — 14 — 92 60-89 days past due 51 — 7 — 58 Total performing 4,675 — 173 13 4,861 Nonperforming 90-119 days past due 38 — 3 — 41 120-149 days past due 31 — 3 — 34 150-179 days past due 28 — 2 — 30 180 days or more past due 3 — 20 — 23 Total nonperforming 100 — 28 — 128 Total $ 4,775 $ — $ 201 $ 13 $ 4,989 Total 60+ delinquent finance receivables $ 151 $ — $ 35 $ — $ 186 December 31, 2015 Net finance receivables: Performing Current $ 4,077 $ 1,588 $ 486 $ 22 $ 6,173 30-59 days past due 65 49 13 — 127 60-89 days past due 49 26 19 — 94 Total performing 4,191 1,663 518 22 6,394 Nonperforming 90-119 days past due 41 16 3 — 60 120-149 days past due 34 12 2 1 49 150-179 days past due 31 11 2 — 44 180 days or more past due 3 1 13 — 17 Total nonperforming 109 40 20 1 170 Total $ 4,300 $ 1,703 $ 538 $ 23 $ 6,564 Total 60+ delinquent finance receivables $ 158 $ 66 $ 39 $ 1 $ 264 PURCHASED CREDIT IMPAIRED FINANCE RECEIVABLES Our purchased credit impaired finance receivables consist of receivables purchased as part of the following transaction: • Ownership interest acquired by FCFI Acquisition LLC, an affiliate of Fortress (the “Fortress Acquisition”) - we revalued our assets and liabilities based on their fair value at the date of the Fortress Acquisition, November 30, 2010, in accordance with purchase accounting and adjusted the carrying value of our finance receivables (the “FA Loans”) to their fair value. At December 31, 2015, our purchased credit impaired finance receivables also included the SpringCastle Portfolio, which was purchased as part of the following transaction: • SFI’s capital contribution of its wholly owned subsidiary, Springleaf Acquisition Corporation (“SAC”), to SFC - on July 31, 2014 (the “SAC Capital Contribution”), SFC acquired a 47% equity interest in the SpringCastle Portfolio (the “SCP Loans”), some of which were determined to be credit impaired when SAC acquired the SCP Loans on April 1, 2013. On March 31, 2016, we sold the SpringCastle Portfolio in connection with the SpringCastle Interests Sale described in Note 2 . We report the carrying amount (which initially was the fair value) of our purchased credit impaired finance receivables in net finance receivables, less allowance for finance receivable losses or in finance receivables held for sale as discussed below. At September 30, 2016 and December 31, 2015 , finance receivables held for sale totaled $166 million and $793 million , respectively. See Note 6 for further information on our finance receivables held for sale, which include purchased credit impaired finance receivables, as well as TDR finance receivables. Therefore, we are presenting the financial information for our purchased credit impaired finance receivables and TDR finance receivables combined for finance receivables held for investment and finance receivables held for sale in the tables below. Information regarding our purchased credit impaired finance receivables held for investment and held for sale were as follows: (dollars in millions) SCP Loans FA Loans * Total September 30, 2016 Carrying amount, net of allowance $ — $ 72 $ 72 Outstanding balance — 109 109 Allowance for purchased credit impaired finance receivable losses — 8 8 December 31, 2015 Carrying amount, net of allowance $ 350 $ 89 $ 439 Outstanding balance 482 136 618 Allowance for purchased credit impaired finance receivable losses — 12 12 * Purchased credit impaired FA Loans held for sale included in the table above were as follows: (dollars in millions) FA Loans September 30, 2016 Carrying amount $ 56 Outstanding balance 85 December 31, 2015 Carrying amount $ 59 Outstanding balance 89 The allowance for purchased credit impaired finance receivable losses at September 30, 2016 and December 31, 2015 , reflected the net carrying value of the purchased credit impaired FA Loans being higher than the present value of the expected cash flows. Changes in accretable yield for purchased credit impaired finance receivables held for investment and held for sale were as follows: (dollars in millions) SCP Loans FA Loans Total Three Months Ended September 30, 2016 Balance at beginning of period $ — $ 61 $ 61 Accretion (a) — (1 ) (1 ) Reclassifications from nonaccretable difference (b) — 8 8 Transfer due to finance receivables sold — (11 ) (11 ) Balance at end of period $ — $ 57 $ 57 Three Months Ended September 30, 2015 Balance at beginning of period $ 411 $ 53 $ 464 Accretion (a) (19 ) (2 ) (21 ) Reclassifications from nonaccretable difference (b) — 1 1 Balance at end of period $ 392 $ 52 $ 444 Nine Months Ended September 30, 2016 Balance at beginning of period $ 375 $ 66 $ 441 Accretion (a) (16 ) (5 ) (21 ) Reclassifications from nonaccretable difference (b) — 7 7 Transfer due to finance receivables sold (359 ) (11 ) (370 ) Balance at end of period $ — $ 57 $ 57 Nine Months Ended September 30, 2015 Balance at beginning of period $ 452 $ 54 $ 506 Accretion (a) (60 ) (6 ) (66 ) Reclassifications from nonaccretable difference (b) — 4 4 Balance at end of period $ 392 $ 52 $ 444 (a) Accretion on our purchased credit impaired FA Loans held for sale included in the table above were as follows: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Accretion $ 2 $ 1 $ 4 $ 4 (b) Reclassifications from nonaccretable difference represents the increases in accretable yield resulting from higher estimated undiscounted cash flows. TROUBLED DEBT RESTRUCTURED FINANCE RECEIVABLES Information regarding TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans (a) SpringCastle Portfolio Real Estate Total September 30, 2016 TDR gross finance receivables (b) $ 36 $ — $ 137 $ 173 TDR net finance receivables 36 — 138 174 Allowance for TDR finance receivable losses 13 — 11 24 December 31, 2015 TDR gross finance receivables (b) $ 32 $ 14 $ 200 $ 246 TDR net finance receivables 31 13 201 245 Allowance for TDR finance receivable losses 9 4 34 47 (a) TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Personal Loans Real Estate Loans Total September 30, 2016 TDR gross finance receivables $ — $ 90 $ 90 TDR net finance receivables — 90 90 December 31, 2015 TDR gross finance receivables $ 2 $ 92 $ 94 TDR net finance receivables 2 92 94 (b) As defined earlier in this Note. As of September 30, 2016 , we had no commitments to lend additional funds on our TDR finance receivables. TDR average net receivables held for investment and held for sale and finance charges recognized on TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans * SpringCastle Portfolio Real Estate Loans * Total Three Months Ended September 30, 2016 TDR average net receivables $ 35 $ — $ 159 $ 194 TDR finance charges recognized — — 3 3 Three Months Ended September 30, 2015 TDR average net receivables $ 30 $ 12 $ 199 $ 241 TDR finance charges recognized — 1 2 3 Nine Months Ended September 30, 2016 TDR average net receivables $ 34 $ — $ 187 $ 221 TDR finance charges recognized 2 — 9 11 Nine Months Ended September 30, 2015 TDR average net receivables $ 28 $ 12 $ 197 $ 237 TDR finance charges recognized 2 1 8 11 * TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Personal Real Estate Loans Total Three Months Ended September 30, 2016 TDR average net receivables $ — $ 112 $ 112 TDR finance charges recognized — 2 2 Three Months Ended September 30, 2015 TDR average net receivables $ — $ 92 $ 92 TDR finance charges recognized — 2 2 Nine Months Ended September 30, 2016 TDR average net receivables $ 1 $ 105 $ 106 TDR finance charges recognized — 5 5 Nine Months Ended September 30, 2015 TDR average net receivables $ — $ 91 $ 91 TDR finance charges recognized — 4 4 Information regarding the new volume of the TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans (a) SpringCastle Portfolio Real Estate Total Three Months Ended September 30, 2016 Pre-modification TDR net finance receivables $ 10 $ — $ 3 $ 13 Post-modification TDR net finance receivables: Rate reduction $ 5 $ — $ 3 $ 8 Other (b) 3 — 1 4 Total post-modification TDR net finance receivables $ 8 $ — $ 4 $ 12 Number of TDR accounts 1,702 — 86 1,788 Three Months Ended September 30, 2015 Pre-modification TDR net finance receivables $ 8 $ 1 $ 6 $ 15 Post-modification TDR net finance receivables: Rate reduction $ 3 $ 1 $ 3 $ 7 Other (b) 3 — 2 5 Total post-modification TDR net finance receivables $ 6 $ 1 $ 5 $ 12 Number of TDR accounts 1,545 142 95 1,782 Nine Months Ended September 30, 2016 Pre-modification TDR net finance receivables $ 28 $ 1 $ 13 $ 42 Post-modification TDR net finance receivables: Rate reduction $ 16 $ 1 $ 11 $ 28 Other (b) 8 — 3 11 Total post-modification TDR net finance receivables $ 24 $ 1 $ 14 $ 39 Number of TDR accounts 5,251 157 291 5,699 Nine Months Ended September 30, 2015 Pre-modification TDR net finance receivables $ 24 $ 5 $ 16 $ 45 Post-modification TDR net finance receivables: Rate reduction $ 11 $ 5 $ 12 $ 28 Other (b) 9 — 4 13 Total post-modification TDR net finance receivables $ 20 $ 5 $ 16 $ 41 Number of TDR accounts 4,860 550 272 5,682 (a) TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Personal Loans Real Estate Loans Total Three Months Ended September 30, 2016 Pre-modification TDR net finance receivables $ — $ 1 $ 1 Post-modification TDR net finance receivables $ — $ 2 $ 2 Number of TDR accounts — 39 39 Three Months Ended September 30, 2015 Pre-modification TDR net finance receivables * $ — $ 1 $ 1 Post-modification TDR net finance receivables * $ — $ 2 $ 2 Number of TDR accounts 50 33 83 Nine Months Ended September 30, 2016 Pre-modification TDR net finance receivables * $ — $ 3 $ 3 Post-modification TDR net finance receivables * $ — $ 4 $ 4 Number of TDR accounts 174 90 264 Nine Months Ended September 30, 2015 Pre-modification TDR net finance receivables * $ — $ 4 $ 4 Post-modification TDR net finance receivables * $ — $ 5 $ 5 Number of TDR accounts 50 77 127 * Pre- and post-modification TDR personal loans held for sale for the nine months ended September 30, 2016 and the three and nine months ended September 30, 2015 were less than $1 million and, therefore, are not quantified in the table above. (b) “Other” modifications primarily include forgiveness of principal or interest. Net finance receivables held for investment and held for sale that were modified as TDR finance receivables within the previous 12 months and for which there was a default during the period to cause the TDR finance receivables to be considered nonperforming (90 days or more past due) were as follows: (dollars in millions) Personal Loans SpringCastle Portfolio Real Estate Total Three Months Ended September 30, 2016 TDR net finance receivables (b) $ 1 $ — $ 1 $ 2 Number of TDR accounts 355 — 13 368 Three Months Ended September 30, 2015 TDR net finance receivables (b) (c) $ 1 $ — $ 1 $ 2 Number of TDR accounts 342 26 9 377 Nine Months Ended September 30, 2016 TDR net finance receivables (b) (c) $ 4 $ — $ 3 $ 7 Number of TDR accounts 1,030 19 52 1,101 Nine Months Ended September 30, 2015 TDR net finance receivables (b) $ 3 $ 1 $ 2 $ 6 Number of TDR accounts 855 122 35 1,012 (a) TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Real Estate Loans Three Months Ended September 30, 2016 TDR net finance receivables * $ — Number of TDR accounts 4 Three Months Ended September 30, 2015 TDR net finance receivables * $ — Number of TDR accounts 1 Nine Months Ended September 30, 2016 TDR net finance receivables $ 1 Number of TDR accounts 25 Nine Months Ended September 30, 2015 TDR net finance receivables $ 1 Number of TDR accounts 14 * TDR real estate loans held for sale for the three months ended September 30, 2016 and 2015 that defaulted during the previous 12-month period were less than $1 million and, therefore, are not quantified in the combined table above. (b) Represents the corresponding balance of TDR net finance receivables at the end of the month in which they defaulted. (c) TDR SpringCastle Portfolio loans for the nine months ended September 30, 2016 and the three months ended September 30, 2015 that defaulted during the previous 12-month period were less than $ 1 million and, therefore, are not quantified in the combined table above.

Allowance for Finance Receivabl

Allowance for Finance Receivable Losses	9 Months Ended
Allowance for Finance Receivable Losses	Sep. 30, 2016
Receivables [Abstract]
Allowance for Finance Receivable Losses	Allowance for Finance Receivable Losses Changes in the allowance for finance receivable losses by finance receivable type were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Estate Loans Retail Consolidated Total Three Months Ended September 30, 2016 Balance at beginning of period $ 176 $ — $ 20 $ 1 $ 197 Provision for finance receivable losses 85 — 2 — 87 Charge-offs (79 ) — (4 ) — (83 ) Recoveries 12 — 1 — 13 Balance at end of period $ 194 $ — $ 19 $ 1 $ 214 Three Months Ended September 30, 2015 Balance at beginning of period $ 139 $ 3 $ 41 $ 1 $ 184 Provision for finance receivable losses 60 16 2 — 78 Charge-offs (57 ) (18 ) (4 ) — (79 ) Recoveries 10 3 2 — 15 Other (a) (1 ) — — — (1 ) Balance at end of period $ 151 $ 4 $ 41 $ 1 $ 197 Nine Months Ended September 30, 2016 Balance at beginning of period $ 173 $ 4 $ 46 $ 1 $ 224 Provision for finance receivable losses 241 14 8 — 263 Charge-offs (253 ) (17 ) (10 ) (1 ) (281 ) Recoveries 33 3 4 1 41 Other (b) — (4 ) (29 ) — (33 ) Balance at end of period $ 194 $ — $ 19 $ 1 $ 214 Nine Months Ended September 30, 2015 Balance at beginning of period $ 130 $ 3 $ 46 $ 1 $ 180 Provision for finance receivable losses 170 53 6 1 230 Charge-offs (176 ) (61 ) (15 ) (2 ) (254 ) Recoveries 28 9 4 1 42 Other (a) (1 ) — — — (1 ) Balance at end of period $ 151 $ 4 $ 41 $ 1 $ 197 (a) Other consists of the elimination of allowance for finance receivable losses due to the transfer of personal loans held for investment to finance receivable held for sale on September 30, 2015. (b) Other consists of: • the elimination of allowance for finance receivable losses due to the sale of the SpringCastle Portfolio on March 31, 2016, in connection with the sale of our equity interest in the SpringCastle Joint Venture. See Note 2 for further information on this sale; and • the elimination of allowance for finance receivable losses due to the transfer of real estate loans held for investment to finance receivable held for sale on June 30, 2016. The allowance for finance receivable losses and net finance receivables by type and by impairment method were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Estate Loans Retail Total September 30, 2016 Allowance for finance receivable losses: Collectively evaluated for impairment $ 181 $ — $ — $ 1 $ 182 Purchased credit impaired finance receivables — — 8 — 8 TDR finance receivables 13 — 11 — 24 Total $ 194 $ — $ 19 $ 1 $ 214 Finance receivables: Collectively evaluated for impairment $ 4,739 $ — $ 129 $ 13 $ 4,881 Purchased credit impaired finance receivables — — 24 — 24 TDR finance receivables 36 — 48 — 84 Total $ 4,775 $ — $ 201 $ 13 $ 4,989 Allowance for finance receivable losses as a percentage of finance receivables 4.06 % — % 9.96 % 3.55 % 4.30 % December 31, 2015 Allowance for finance receivable losses: Collectively evaluated for impairment $ 164 $ — $ — $ 1 $ 165 Purchased credit impaired finance receivables — — 12 — 12 TDR finance receivables 9 4 34 — 47 Total $ 173 $ 4 $ 46 $ 1 $ 224 Finance receivables: Collectively evaluated for impairment $ 4,271 $ 1,340 $ 387 $ 23 $ 6,021 Purchased credit impaired finance receivables — 350 42 — 392 TDR finance receivables 29 13 109 — 151 Total $ 4,300 $ 1,703 $ 538 $ 23 $ 6,564 Allowance for finance receivable losses as a percentage of finance receivables 4.01 % 0.25 % 8.72 % 3.46 % 3.42 %

Finance Receivables Held for Sa

Finance Receivables Held for Sale	9 Months Ended
Finance Receivables Held for Sale	Sep. 30, 2016
Receivables Held-for-sale [Abstract]
Finance Receivables Held for Sale	Finance Receivables Held for Sale We report finance receivables held for sale of $166 million at September 30, 2016 and $793 million at December 31, 2015 , which are carried at the lower of cost or fair value. At September 30, 2016 , finance receivables held for sale consisted entirely of real estate loans, compared to $ 617 million of personal loans and $ 176 million of real estate loans at December 31, 2015 . At September 30, 2016 and December 31, 2015 , the fair value of our finance receivables held for sale exceeded the cost. We used the aggregate basis to determine the lower of cost or fair value of finance receivables held for sale. On June 30, 2016, we transferred $257 million of real estate loans (after deducting allowance for finance receivable losses) from held for investment to held for sale due to management’s intent to no longer hold these finance receivables for the foreseeable future. In connection with the August 2016 Real Estate Loan Sale, we sold a portfolio of second lien mortgage loans with a carrying value of $250 million and recorded a net loss in other revenues of $4 million . On May 2, 2016, we sold personal loans held for sale with a carrying value of $602 million and recorded a net gain in other revenues at the time of sale of $22 million . During March of 2016, we transferred $1.6 billion of loans of the SpringCastle Portfolio (after deducting allowance for finance receivable losses) from held for investment to held for sale due to management’s intent to no longer hold these finance receivables for the foreseeable future. We simultaneously sold our interests in these finance receivables held for sale on March 31, 2016 in the SpringCastle Interests Sale and recorded a net gain in other revenues at the time of sale of $ 167 million . We did not have any other material transfer activity to or from finance receivables held for sale during each of the three and nine months ended September 30, 2016 and 2015 .

Investment Securities

Investment Securities	9 Months Ended
Investment Securities	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities AVAILABLE-FOR-SALE SECURITIES Cost/amortized cost, unrealized gains and losses, and fair value of available-for-sale securities by type were as follows: (dollars in millions) Cost/ Amortized Cost Unrealized Gains Unrealized Losses Fair Value September 30, 2016 Fixed maturity available-for-sale securities: Bonds U.S. government and government sponsored entities $ 14 $ 1 $ — $ 15 Obligations of states, municipalities, and political subdivisions 77 2 — 79 Non-U.S. government and government sponsored entities 2 — — 2 Corporate debt 347 8 (1 ) 354 Mortgage-backed, asset-backed, and collateralized: Residential mortgage-backed securities (“RMBS”) 37 — — 37 Commercial mortgage-backed securities (“CMBS”) 37 1 — 38 Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”) 36 — — 36 Total bonds 550 12 (1 ) 561 Preferred stock (a) 6 — — 6 Other long-term investments 1 — — 1 Total (b) $ 557 $ 12 $ (1 ) $ 568 December 31, 2015 Fixed maturity available-for-sale securities: Bonds U.S. government and government sponsored entities $ 83 $ — $ (1 ) $ 82 Obligations of states, municipalities, and political subdivisions 88 1 — 89 Corporate debt 278 2 (13 ) 267 Mortgage-backed, asset-backed, and collateralized: RMBS 74 — — 74 CMBS 44 — — 44 CDO/ABS 30 — (1 ) 29 Total bonds 597 3 (15 ) 585 Preferred stock (a) 6 — (1 ) 5 Other long-term investments 1 — — 1 Total (b) $ 604 $ 3 $ (16 ) $ 591 (a) The Company employs an income equity strategy targeting investments in stocks with strong current dividend yields. Stocks included have a history of stable or increasing dividend payments. (b) Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at September 30, 2016 and December 31, 2015 , which is classified as a restricted investment and carried at cost. Fair value and unrealized losses on available-for-sale securities by type and length of time in a continuous unrealized loss position were as follows: Less Than 12 Months 12 Months or Longer Total (dollars in millions) Fair Value Unrealized Losses * Fair Value Unrealized Losses * Fair Value Unrealized Losses September 30, 2016 Bonds: U.S. government and government sponsored entities $ 1 $ — $ — $ — $ 1 $ — Obligations of states, municipalities, and political subdivisions 17 — 2 — 19 — Non-U.S. government and government sponsored entities 2 — — — 2 — Corporate debt 49 — 10 (1 ) 59 (1 ) RMBS 14 — — — 14 — CMBS 15 — — — 15 — CDO/ABS 2 — — — 2 — Total bonds 100 — 12 (1 ) 112 (1 ) Preferred stock — — 6 — 6 — Other long-term investments — — 1 — 1 — Total $ 100 $ — $ 19 $ (1 ) $ 119 $ (1 ) December 31, 2015 Bonds: U.S. government and government sponsored entities $ 76 $ (1 ) $ — $ — $ 76 $ (1 ) Obligations of states, municipalities, and political subdivisions 36 — 2 — 38 — Corporate debt 189 (13 ) 7 — 196 (13 ) RMBS 68 — — — 68 — CMBS 36 — 5 — 41 — CDO/ABS 29 (1 ) — — 29 (1 ) Total bonds 434 (15 ) 14 — 448 (15 ) Preferred stock — — 6 (1 ) 6 (1 ) Other long-term investments 1 — — — 1 — Total $ 435 $ (15 ) $ 20 $ (1 ) $ 455 $ (16 ) * Unrealized losses on certain available-for-sale securities were less than $1 million and, therefore, are not quantified in the table above. On a lot basis, we had 90 and 198 investment securities in an unrealized loss position at September 30, 2016 and December 31, 2015, respectively. We do not consider the unrealized losses to be credit-related, as these unrealized losses primarily relate to changes in interest rates and market spreads subsequent to purchase. Additionally, at September 30, 2016 , we had no plans to sell any investment securities with unrealized losses, and we believe it is more likely than not that we would not be required to sell such investment securities before recovery of their amortized cost. We continue to monitor unrealized loss positions for potential impairments. During the three and nine months ended September 30, 2016 and 2015 , we did not recognize any other-than-temporary impairment credit losses on available-for-sale securities in investment revenues. Changes in the cumulative amount of credit losses (recognized in earnings) on other-than-temporarily impaired available-for-sale securities were as follows: (dollars in millions) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Balance at beginning of period $ — $ 1 $ 1 $ 1 Reductions: Realized due to dispositions with no prior intention to sell — — 1 — Balance at end of period $ — $ 1 $ — $ 1 The proceeds of available-for-sale securities sold or redeemed and the resulting realized gains, realized losses, and net realized gains were as follows: (dollars in millions) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Proceeds from sales and redemptions $ 42 $ 168 $ 235 $ 372 Realized gains $ 1 $ 4 $ 5 $ 15 Realized losses — — — (1 ) Net realized gains $ 1 $ 4 $ 5 $ 14 Contractual maturities of fixed-maturity available-for-sale securities at September 30, 2016 were as follows: (dollars in millions) Fair Value Amortized Cost Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities: Due in 1 year or less $ 54 $ 55 Due after 1 year through 5 years 215 213 Due after 5 years through 10 years 36 34 Due after 10 years 145 138 Mortgage-backed, asset-backed, and collateralized securities 111 110 Total $ 561 $ 550 Actual maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations. We may sell investment securities before maturity for general corporate and working capital purposes and to achieve certain investment strategies. The fair value of bonds on deposit with insurance regulatory authorities totaled $11 million at September 30, 2016 and December 31, 2015 . TRADING AND OTHER SECURITIES The fair value of trading and other securities by type was as follows: (dollars in millions) September 30, December 31, Fixed maturity trading and other securities: Bonds Corporate debt $ 2 $ 10 Mortgage-backed, asset-backed, and collateralized: CMBS 2 2 Total * $ 4 $ 12 * The fair value of other securities, which we have elected the fair value option, totaled $4 million at September 30, 2016 and $2 million at December 31, 2015 . The net unrealized and realized gains (losses) on our trading and other securities, which we report in investment revenues, were as follows: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Net unrealized gains (losses) on trading and other securities held at period end $ (1 ) $ (1 ) $ — $ 3 Net realized gains (losses) on trading and other securities sold or redeemed 1 (1 ) 1 (2 ) Total $ — $ (2 ) $ 1 $ 1

Transactions with Affiliates of

Transactions with Affiliates of Fortress	9 Months Ended
Transactions with Affiliates of Fortress	Sep. 30, 2016
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Transactions with Affiliates of Fortress	Transactions with Affiliates of Fortress SUBSERVICING AGREEMENT Nationstar Mortgage LLC (“Nationstar”) subservices the real estate loans of certain of our indirect subsidiaries (collectively, the “Owners”). Investment funds managed by affiliates of Fortress indirectly own a majority interest in Nationstar. The Owners paid Nationstar subservicing fees of less than $1 million for the three months ended September 30, 2016 and 2015 and $1 million for the nine months ended September 30, 2016 and 2015 . INVESTMENT MANAGEMENT AGREEMENT Logan Circle Partners, L.P. (“Logan Circle”) provides investment management services for our investments. Logan Circle is a wholly owned subsidiary of Fortress. Costs and fees incurred for these investment management services were less than $1 million for the three months ended September 30, 2016 and 2015 . Costs and fees incurred for these investment management services totaled $1 million for the nine months ended September 30, 2016 and 2015 . SALE OF EQUITY INTEREST IN SPRINGCASTLE JOINT VENTURE On March 31, 2016, we sold our 47% equity interest in the SpringCastle Joint Venture, which owns the SpringCastle Portfolio, to certain subsidiaries of NRZ and Blackstone. See Note 2 for further information on this sale. NRZ is managed by an affiliate of Fortress. Related Party Transactions AFFILIATE LENDING Notes Receivable from Parent and Affiliates Note Receivable from SFI. SFC’s note receivable from SFI is payable in full on May 31, 2022, and SFC may demand payment at any time prior to May 31, 2022; however, SFC does not anticipate the need for additional liquidity during 2016 and does not expect to demand payment from SFI in 2016. The note receivable from SFI totaled $282 million at September 30, 2016 and $389 million at December 31, 2015 . The interest rate for the UPB is the lender’s cost of funds rate, which was 6.16% at September 30, 2016 . Interest revenue on the note receivable from SFI totaled $4 million and $14 million for the three and nine months ended September 30, 2016 , respectively, compared to $5 million and $11 million for the three and nine months ended September 30, 2015 , respectively, which we report in interest income on notes receivable from parent and affiliates. Independence Demand Note. On November 12, 2015, in connection with the closing of the OneMain Acquisition, Springleaf Financial Cash Services, Inc. (“CSI”), SFC’s wholly owned subsidiary, entered into a revolving demand note with Independence (the “Independence Demand Note”), whereby CSI agreed to make advances to Independence from time to time, with an aggregate amount outstanding not to exceed $3.55 billion . Under the Independence Demand Note, Independence is required to use the proceeds of any advance either (i) to fund a portion of the purchase price for the OneMain Acquisition or (ii) for general corporate purposes. The note is payable in full on December 31, 2019, and CSI may demand payment at any time prior to December 31, 2019. Independence may repay the note in whole or in part at any time without premium or penalty. The interest rate for the UPB is the lender’s cost of funds rate, which was 6.16% at September 30, 2016 . On November 12, 2015, Independence borrowed $3.4 billion under the Independence Demand Note. At December 31, 2015, the note receivable from Independence totaled $3.4 billion , which included compounded interest due to CSI. On July 19, 2016, CSI received $344 million from Independence, as a payment of principal and interest on the Independence Demand Note. Additionally, on July 19, 2016, CSI, Independence, and OMFH entered into an Assignment of Intercompany Demand Note (the “Note Assignment”) pursuant to which CSI sold and assigned to OMFH, and OMFH purchased and assumed from CSI, an interest in and to CSI’s right to receive $150 million principal amount outstanding under the Independence Demand Note (the “Original Note”) for a purchase price of $150 million (the “Assignment Purchase Price”). On July 20, 2016, OMFH paid the Assignment Purchase Price to CSI. In connection with the Note Assignment discussed above, Independence exchanged the Original Note for a new intercompany demand note issued to CSI with a maximum borrowing amount not to exceed $3.4 billion (the “Cash Services Note”), and a new intercompany demand note issued to OMFH with a maximum borrowing amount not to exceed $150 million (the “OMFH Note” and together with the Cash Services Note, the “New Notes”). The New Notes provide that no advances shall be made to Independence on or after December 31, 2019 and all principal and interest shall be payable in full on December 31, 2019, unless earlier payment is demanded by CSI or OMFH. At September 30, 2016 , the note receivable from Independence relating to the Cash Services Note totaled $2.9 billion , which included compounded interest due to CSI. Interest revenue on the note receivable from Independence relating to the Cash Services Note totaled $47 million and $139 million , respectively, during the three and nine months ended September 30, 2016 , which we report in interest income on notes receivable from parent and affiliates. OneMain Demand Note. On November 15, 2015, in connection with the closing of the OneMain Acquisition, SFC entered into a revolving demand note (the “OneMain Demand Note”) with OMFH, whereby SFC agreed to make advances to OMFH from time to time, with an aggregate amount outstanding not to exceed $500 million . Under the OneMain Demand Note, OMFH is required to use the proceeds of any advance either (i) exclusively to finance the purchase, origination, pooling, funding or carrying of receivables by OMFH or any of its restricted subsidiaries or (ii) for general corporate purposes. The note is payable in full on December 31, 2024, and SFC may demand payment with five days prior notice. OMFH may repay the note in whole or in part at any time without premium or penalty. The interest rate for the UPB is the lender’s cost of funds rate. At December 31, 2015, no amounts were drawn by OMFH under the note. On July 19, 2016, SFC advanced $400 million to OMFH, under the note. On August 12, 2016, SFC amended the note to increase the maximum amount that may be advanced to $750 million . SFC received $115 million and $ 35 million from OMFH on September 13, 2016 and September 30, 2016, respectively, as payments of principal and interest on the OneMain Demand Note. At September 30, 2016 , the note receivable from OMFH totaled $255 million , which included compounded interest due to SFC. Interest revenue on the note receivable from OMFH totaled $5 million for the three and nine months ended September 30, 2016, which we report in interest income on notes receivable from parent and affiliates. Receivables from Parent and Affiliates At September 30, 2016 and December 31, 2015 , receivables from parent and affiliates totaled $40 million and $9 million , respectively. Receivables from parent and affiliates also included (i) interest receivable on SFC’s note receivable from SFI previously discussed in this Note, (ii) taxes paid by SFC for all entities under the tax sharing agreement, and (iii) expenses paid by a subsidiary of SFC for the benefit of parent and affiliates. Receivables from parent and affiliates at December 31, 2015 are presented net of a payable to SFI of $12 million . Excluding this payable, receivables from parent and affiliates totaled $21 million at December 31, 2015 . Note Payable to Affiliate On December 1, 2015, in connection with the closing of the OneMain Acquisition, OMFH entered into a revolving demand note with SFC, whereby OMFH agreed to make advances to SFC from time to time, with an aggregate amount outstanding not to exceed $500 million . Under the note, SFC is required to use the proceeds of any advance for general corporate purposes. The note is payable in full on December 31, 2024, and OMFH may demand payment with five days prior notice. SFC may repay the note in whole or in part at any time without premium or penalty. The interest rate for the UPB is the lender’s cost of funds rate, which was 6.16% at September 30, 2016 . At September 30, 2016 and December 31, 2015 , no amounts were drawn under the note. Interest expense on the note payable to OMFH was $1 million for the three months ended September 30, 2016 and $7 million for the nine months ended September 30, 2016 , which we report in interest expense. Payables to Parent and Affiliates At September 30, 2016 and December 31, 2015 , payables to parent and affiliates totaled $14 million and $24 million , respectively. At September 30, 2016 and December 31, 2015 , Springleaf Finance Management Corporation (“SFMC”), a subsidiary of SFC, had net payables of $13 million and $19 million , respectively, to Springleaf General Services Corporation (“SGSC”), a subsidiary of SFI, related to the intercompany agreements further discussed below in this Note. At September 30, 2016 and December 31, 2015 , SFMC also had a payable of $1 million to Springleaf Consumer Loan, Inc. (“SCLI”) for internet lending referral fees charged to the branch network. Prior to the SpringCastle Interests Sale, SFI provided servicing of the SpringCastle Portfolio through a master servicing agreement with SpringCastle Holdings, LLC, a subsidiary of SFC. At December 31, 2015 , SpringCastle Holdings LLC’s payable to SFI totaled $4 million . Subsequent to the SpringCastle Interests Sale, SFI continues to act as the servicer of the SpringCastle Portfolio for the SpringCastle Funding Trust. RELATED PARTY LOAN SALE TRANSACTIONS During the second quarter of 2016, Springleaf Consumer Loan, Inc. (“SCLI”), a subsidiary of SFI, entered into loan purchase and sale agreements with certain subsidiaries of SFC pursuant to which SCLI sold certain personal loans with an aggregate UPB at the time of sale of $89 million for an aggregate purchase price of $89 million . SCLI continues to service these loans. During the three and nine months ended September 30, 2016 , SFC recorded $1 million and $2 million of service fee expenses, respectively. INTERCOMPANY AGREEMENTS On December 24, 2012, SGSC, a subsidiary of SFI, entered into the following intercompany agreements with SFMC, a subsidiary of SFC, and with certain other subsidiaries of SFI (collectively, the “Recipients”). SFMC’s net payable to SGSC relating to these agreements totaled $13 million at September 30, 2016 and $ 19 million at December 31, 2015 . Services Agreement SGSC provides the following services to the Recipients: management and administrative services; financial, accounting, treasury, tax, and audit services; facilities support services; capital funding services; legal services; human resources services (including payroll); centralized collections and lending support services; insurance, risk management, and marketing services; and information technology services. The fees payable by each Recipient to SGSC is equal to 100% of the allocated cost of providing the services to such Recipient. SGSC allocates its cost of providing these services among the Recipients and any of the companies to which it provides similar services based on an allocation method defined in the agreement. During the three and nine months ended September 30, 2016 , SFMC recorded $58 million and $183 million , respectively, of service fee expenses, which are included in other operating expenses, compared to $55 million and $156 million for the three and nine months ended September 30, 2015 , respectively. License Agreement The license agreement provides for use by SGSC of SFMC’s information technology systems and software and other related equipment. The monthly license fee payable by SGSC for its use of the information technology systems and software is 100% of the actual costs incurred by SFMC plus a 7.00% margin. The fee payable by SGSC for its use of the related equipment is 100% of the actual costs incurred by SFMC. During the three and nine months ended September 30, 2016 and 2015 , SFMC recorded $1 million and $4 million , respectively, of license fees, which are included as a contra expense to other operating expenses. Building Lease The building lease agreement provides that SFMC will lease six of its buildings to SGSC for an annual rental amount of $4 million , plus additional rental amounts to cover other sums and charges, including real estate taxes, water charges, and sewer rents. During the three and nine months ended September 30, 2016 and 2015 , SFMC recorded $1 million and $3 million , respectively, of rent charged to SGSC, which are included as a contra expense to other operating expenses.

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Transactions with Affiliates of Fortress SUBSERVICING AGREEMENT Nationstar Mortgage LLC (“Nationstar”) subservices the real estate loans of certain of our indirect subsidiaries (collectively, the “Owners”). Investment funds managed by affiliates of Fortress indirectly own a majority interest in Nationstar. The Owners paid Nationstar subservicing fees of less than $1 million for the three months ended September 30, 2016 and 2015 and $1 million for the nine months ended September 30, 2016 and 2015 . INVESTMENT MANAGEMENT AGREEMENT Logan Circle Partners, L.P. (“Logan Circle”) provides investment management services for our investments. Logan Circle is a wholly owned subsidiary of Fortress. Costs and fees incurred for these investment management services were less than $1 million for the three months ended September 30, 2016 and 2015 . Costs and fees incurred for these investment management services totaled $1 million for the nine months ended September 30, 2016 and 2015 . SALE OF EQUITY INTEREST IN SPRINGCASTLE JOINT VENTURE On March 31, 2016, we sold our 47% equity interest in the SpringCastle Joint Venture, which owns the SpringCastle Portfolio, to certain subsidiaries of NRZ and Blackstone. See Note 2 for further information on this sale. NRZ is managed by an affiliate of Fortress. Related Party Transactions AFFILIATE LENDING Notes Receivable from Parent and Affiliates Note Receivable from SFI. SFC’s note receivable from SFI is payable in full on May 31, 2022, and SFC may demand payment at any time prior to May 31, 2022; however, SFC does not anticipate the need for additional liquidity during 2016 and does not expect to demand payment from SFI in 2016. The note receivable from SFI totaled $282 million at September 30, 2016 and $389 million at December 31, 2015 . The interest rate for the UPB is the lender’s cost of funds rate, which was 6.16% at September 30, 2016 . Interest revenue on the note receivable from SFI totaled $4 million and $14 million for the three and nine months ended September 30, 2016 , respectively, compared to $5 million and $11 million for the three and nine months ended September 30, 2015 , respectively, which we report in interest income on notes receivable from parent and affiliates. Independence Demand Note. On November 12, 2015, in connection with the closing of the OneMain Acquisition, Springleaf Financial Cash Services, Inc. (“CSI”), SFC’s wholly owned subsidiary, entered into a revolving demand note with Independence (the “Independence Demand Note”), whereby CSI agreed to make advances to Independence from time to time, with an aggregate amount outstanding not to exceed $3.55 billion . Under the Independence Demand Note, Independence is required to use the proceeds of any advance either (i) to fund a portion of the purchase price for the OneMain Acquisition or (ii) for general corporate purposes. The note is payable in full on December 31, 2019, and CSI may demand payment at any time prior to December 31, 2019. Independence may repay the note in whole or in part at any time without premium or penalty. The interest rate for the UPB is the lender’s cost of funds rate, which was 6.16% at September 30, 2016 . On November 12, 2015, Independence borrowed $3.4 billion under the Independence Demand Note. At December 31, 2015, the note receivable from Independence totaled $3.4 billion , which included compounded interest due to CSI. On July 19, 2016, CSI received $344 million from Independence, as a payment of principal and interest on the Independence Demand Note. Additionally, on July 19, 2016, CSI, Independence, and OMFH entered into an Assignment of Intercompany Demand Note (the “Note Assignment”) pursuant to which CSI sold and assigned to OMFH, and OMFH purchased and assumed from CSI, an interest in and to CSI’s right to receive $150 million principal amount outstanding under the Independence Demand Note (the “Original Note”) for a purchase price of $150 million (the “Assignment Purchase Price”). On July 20, 2016, OMFH paid the Assignment Purchase Price to CSI. In connection with the Note Assignment discussed above, Independence exchanged the Original Note for a new intercompany demand note issued to CSI with a maximum borrowing amount not to exceed $3.4 billion (the “Cash Services Note”), and a new intercompany demand note issued to OMFH with a maximum borrowing amount not to exceed $150 million (the “OMFH Note” and together with the Cash Services Note, the “New Notes”). The New Notes provide that no advances shall be made to Independence on or after December 31, 2019 and all principal and interest shall be payable in full on December 31, 2019, unless earlier payment is demanded by CSI or OMFH. At September 30, 2016 , the note receivable from Independence relating to the Cash Services Note totaled $2.9 billion , which included compounded interest due to CSI. Interest revenue on the note receivable from Independence relating to the Cash Services Note totaled $47 million and $139 million , respectively, during the three and nine months ended September 30, 2016 , which we report in interest income on notes receivable from parent and affiliates. OneMain Demand Note. On November 15, 2015, in connection with the closing of the OneMain Acquisition, SFC entered into a revolving demand note (the “OneMain Demand Note”) with OMFH, whereby SFC agreed to make advances to OMFH from time to time, with an aggregate amount outstanding not to exceed $500 million . Under the OneMain Demand Note, OMFH is required to use the proceeds of any advance either (i) exclusively to finance the purchase, origination, pooling, funding or carrying of receivables by OMFH or any of its restricted subsidiaries or (ii) for general corporate purposes. The note is payable in full on December 31, 2024, and SFC may demand payment with five days prior notice. OMFH may repay the note in whole or in part at any time without premium or penalty. The interest rate for the UPB is the lender’s cost of funds rate. At December 31, 2015, no amounts were drawn by OMFH under the note. On July 19, 2016, SFC advanced $400 million to OMFH, under the note. On August 12, 2016, SFC amended the note to increase the maximum amount that may be advanced to $750 million . SFC received $115 million and $ 35 million from OMFH on September 13, 2016 and September 30, 2016, respectively, as payments of principal and interest on the OneMain Demand Note. At September 30, 2016 , the note receivable from OMFH totaled $255 million , which included compounded interest due to SFC. Interest revenue on the note receivable from OMFH totaled $5 million for the three and nine months ended September 30, 2016, which we report in interest income on notes receivable from parent and affiliates. Receivables from Parent and Affiliates At September 30, 2016 and December 31, 2015 , receivables from parent and affiliates totaled $40 million and $9 million , respectively. Receivables from parent and affiliates also included (i) interest receivable on SFC’s note receivable from SFI previously discussed in this Note, (ii) taxes paid by SFC for all entities under the tax sharing agreement, and (iii) expenses paid by a subsidiary of SFC for the benefit of parent and affiliates. Receivables from parent and affiliates at December 31, 2015 are presented net of a payable to SFI of $12 million . Excluding this payable, receivables from parent and affiliates totaled $21 million at December 31, 2015 . Note Payable to Affiliate On December 1, 2015, in connection with the closing of the OneMain Acquisition, OMFH entered into a revolving demand note with SFC, whereby OMFH agreed to make advances to SFC from time to time, with an aggregate amount outstanding not to exceed $500 million . Under the note, SFC is required to use the proceeds of any advance for general corporate purposes. The note is payable in full on December 31, 2024, and OMFH may demand payment with five days prior notice. SFC may repay the note in whole or in part at any time without premium or penalty. The interest rate for the UPB is the lender’s cost of funds rate, which was 6.16% at September 30, 2016 . At September 30, 2016 and December 31, 2015 , no amounts were drawn under the note. Interest expense on the note payable to OMFH was $1 million for the three months ended September 30, 2016 and $7 million for the nine months ended September 30, 2016 , which we report in interest expense. Payables to Parent and Affiliates At September 30, 2016 and December 31, 2015 , payables to parent and affiliates totaled $14 million and $24 million , respectively. At September 30, 2016 and December 31, 2015 , Springleaf Finance Management Corporation (“SFMC”), a subsidiary of SFC, had net payables of $13 million and $19 million , respectively, to Springleaf General Services Corporation (“SGSC”), a subsidiary of SFI, related to the intercompany agreements further discussed below in this Note. At September 30, 2016 and December 31, 2015 , SFMC also had a payable of $1 million to Springleaf Consumer Loan, Inc. (“SCLI”) for internet lending referral fees charged to the branch network. Prior to the SpringCastle Interests Sale, SFI provided servicing of the SpringCastle Portfolio through a master servicing agreement with SpringCastle Holdings, LLC, a subsidiary of SFC. At December 31, 2015 , SpringCastle Holdings LLC’s payable to SFI totaled $4 million . Subsequent to the SpringCastle Interests Sale, SFI continues to act as the servicer of the SpringCastle Portfolio for the SpringCastle Funding Trust. RELATED PARTY LOAN SALE TRANSACTIONS During the second quarter of 2016, Springleaf Consumer Loan, Inc. (“SCLI”), a subsidiary of SFI, entered into loan purchase and sale agreements with certain subsidiaries of SFC pursuant to which SCLI sold certain personal loans with an aggregate UPB at the time of sale of $89 million for an aggregate purchase price of $89 million . SCLI continues to service these loans. During the three and nine months ended September 30, 2016 , SFC recorded $1 million and $2 million of service fee expenses, respectively. INTERCOMPANY AGREEMENTS On December 24, 2012, SGSC, a subsidiary of SFI, entered into the following intercompany agreements with SFMC, a subsidiary of SFC, and with certain other subsidiaries of SFI (collectively, the “Recipients”). SFMC’s net payable to SGSC relating to these agreements totaled $13 million at September 30, 2016 and $ 19 million at December 31, 2015 . Services Agreement SGSC provides the following services to the Recipients: management and administrative services; financial, accounting, treasury, tax, and audit services; facilities support services; capital funding services; legal services; human resources services (including payroll); centralized collections and lending support services; insurance, risk management, and marketing services; and information technology services. The fees payable by each Recipient to SGSC is equal to 100% of the allocated cost of providing the services to such Recipient. SGSC allocates its cost of providing these services among the Recipients and any of the companies to which it provides similar services based on an allocation method defined in the agreement. During the three and nine months ended September 30, 2016 , SFMC recorded $58 million and $183 million , respectively, of service fee expenses, which are included in other operating expenses, compared to $55 million and $156 million for the three and nine months ended September 30, 2015 , respectively. License Agreement The license agreement provides for use by SGSC of SFMC’s information technology systems and software and other related equipment. The monthly license fee payable by SGSC for its use of the information technology systems and software is 100% of the actual costs incurred by SFMC plus a 7.00% margin. The fee payable by SGSC for its use of the related equipment is 100% of the actual costs incurred by SFMC. During the three and nine months ended September 30, 2016 and 2015 , SFMC recorded $1 million and $4 million , respectively, of license fees, which are included as a contra expense to other operating expenses. Building Lease The building lease agreement provides that SFMC will lease six of its buildings to SGSC for an annual rental amount of $4 million , plus additional rental amounts to cover other sums and charges, including real estate taxes, water charges, and sewer rents. During the three and nine months ended September 30, 2016 and 2015 , SFMC recorded $1 million and $3 million , respectively, of rent charged to SGSC, which are included as a contra expense to other operating expenses.

Long-term Debt

Long-term Debt	9 Months Ended
Long-term Debt	Sep. 30, 2016
Debt Disclosure [Abstract]
Long-term Debt	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 September 30, 2016 were as follows: Senior Debt (dollars in millions) Securitizations Medium Term Notes Junior Subordinated Debt Total Interest rates (a) 2.04% - 6.50% 5.25% - 8.25% 6.00 % Fourth quarter 2016 $ — $ — $ — $ — First quarter 2017 — — — — Second quarter 2017 — — — — Third quarter 2017 — 257 — 257 Fourth quarter 2017 — 1,032 — 1,032 2018 — — — — 2019 — 700 — 700 2020 — 1,300 — 1,300 2021-2067 — 950 350 1,300 Securitizations (b) 2,410 — — 2,410 Total principal maturities $ 2,410 $ 4,239 $ 350 $ 6,999 Total carrying amount $ 2,400 $ 3,970 $ 172 $ 6,542 Debt issuance costs (c) $ (11 ) $ (15 ) $ — $ (26 ) (a) The interest rates shown are the range of contractual rates in effect at September 30, 2016 . (b) Securitizations are not included in above maturities by period due to their variable monthly repayments. At September 30, 2016 , there were no amounts drawn under our revolving conduit facilities. See Note 11 for further information on our long-term debt associated with securitizations and revolving conduit facilities. (c) Debt issuance costs are reported as a direct deduction from long-term debt, with the exception of debt issuance costs associated with our revolving conduit facilities, which totaled $9 million at September 30, 2016 and are reported in other assets. GUARANTY AGREEMENTS 8.25% SFC Notes On April 11, 2016, OMH entered into a Second Supplemental Indenture, pursuant to which it agreed to fully and unconditionally guarantee, on a senior unsecured basis, the payments of principal, premium (if any) and interest on $1.0 billion of the 8.25% SFC Notes. As of September 30, 2016 , $1.0 billion aggregate principal amount of the 8.25% SFC Notes were outstanding. See Note 2 for further discussion of this offering. 5.25% SFC Notes On December 3, 2014, OMH entered into the Base Indenture and the First Supplemental Indenture, pursuant to which it agreed to fully and unconditionally guarantee, on a senior unsecured basis, the payments of principal, premium (if any) and interest on $700 million of 5.25% Senior Notes due 2019 issued by SFC (the “5.25% SFC Notes”). As of September 30, 2016 , $700 million aggregate principal amount of the 5.25% SFC Notes were outstanding. Other SFC Notes On December 30, 2013, OMH entered into Guaranty Agreements whereby it agreed to fully and unconditionally guarantee the payments of principal, premium (if any) and interest on approximately $5.2 billion aggregate principal amount of senior notes, on a senior unsecured basis, and $350 million aggregate principal amount of a junior subordinated debenture, on a junior subordinated basis, issued by SFC (collectively, the “Other SFC Notes”). The Other SFC Notes consisted of the following: 8.25% Senior Notes due 2023; 7.75% Senior Notes due 2021; 6.00% Senior Notes due 2020; a 60 -year junior subordinated debenture; and all senior notes outstanding on December 30, 2013, issued pursuant to the Indenture dated as of May 1, 1999 (the “1999 Indenture”), between SFC and Wilmington Trust, National Association (the successor trustee to Citibank N.A.). The 60 -year junior subordinated debenture underlies the trust preferred securities sold by a trust sponsored by SFC. On December 30, 2013, OMH entered into a Trust Guaranty Agreement whereby it agreed to fully and unconditionally guarantee the related payment obligations under the trust preferred securities. As of September 30, 2016 , approximately $2.9 billion aggregate principal amount of the Other SFC Notes were outstanding. The OMH guarantees of SFC’s long-term debt discussed above are subject to customary release provisions.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
Variable Interest Entities	Sep. 30, 2016
Variable Interest Entities
Variable Interest Entities	Variable Interest Entities As part of our overall funding strategy and as part of our efforts to support our liquidity from sources other than our traditional capital market sources, we have transferred certain finance receivables to VIEs for securitization transactions. Since these transactions involve securitization trusts required to be consolidated, the securitized assets and related liabilities are included in our condensed consolidated financial statements and are accounted for as secured borrowings. CONSOLIDATED VIES We evaluated the securitization trusts and determined that these entities are VIEs of which we are the primary beneficiary, and therefore, we consolidated such entities. We are deemed to be the primary beneficiaries of these VIEs because we have the ability to direct the activities of each VIE that most significantly impact the entity’s economic performance and the obligation to absorb losses and the right to receive benefits that are potentially significant to each VIE. Such ability arises from SFC’s and its affiliates’ contractual right to service the securitized finance receivables. Our retained subordinated note and residual interest trust certificates expose us to potentially significant losses and potentially significant returns. The asset-backed securities issued by the securitization trusts are supported by the expected cash flows from the underlying securitized finance receivables. Cash inflows from these finance receivables are distributed to investors and service providers in accordance with each transaction’s contractual priority of payments (“waterfall”) and, as such, most of these inflows must be directed first to service and repay each trust’s senior notes or certificates held principally by third-party investors. The holders of the asset-backed securities have no recourse to the Company if the cash flows from the underlying qualified securitized assets are not sufficient to pay all principal and interest on the asset-backed securities. After these senior obligations are extinguished, substantially all cash inflows will be directed to the subordinated notes until fully repaid and, thereafter, to the residual interest that we own in each securitization trust. We retain interests in these securitization transactions, including residual interests in each securitization trust and, in some cases, subordinated securities issued by the VIEs. We retain credit risk in the securitizations through our ownership of the residual interest in each securitization trust, and, in some cases, ownership of the most subordinated class of asset-backed securities, which are the first to absorb credit losses on the securitized assets. We expect that any credit losses in the pools of securitized assets will likely be limited to our subordinated and residual retained interests. We have no obligation to repurchase or replace qualified securitized assets that subsequently become delinquent or are otherwise in default. 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 were as follows: (dollars in millions) September 30, December 31, Assets Cash and cash equivalents $ 2 $ 7 Finance receivables: Personal loans 2,603 3,621 SpringCastle Portfolio — 1,703 Allowance for finance receivable losses 103 128 Finance receivables held for sale — 435 Restricted cash and cash equivalents 166 282 Other assets 9 48 Liabilities Long-term debt $ 2,400 $ 5,513 Other liabilities 4 9 SECURITIZATION TRANSACTIONS Auto Loan Securitization ODART 2016-1 Securitization. On July 19, 2016, we completed a private securitization transaction in which OneMain Direct Auto Receivables Trust 2016-1 (“ODART 2016-1”), a wholly owned special purpose vehicle of SFC, issued $754 million principal amount of notes backed by direct auto loans with an aggregate UPB of $754 million as of June 30, 2016. $700 million principal amount of the notes issued by ODART 2016-1, represented by Classes A, B and C, were sold to unaffiliated parties at a weighted average interest rate of 2.27% , and $54 million principal amount of Class D notes were retained. The maturity dates of the notes occur on January 15, 2021 for the Class A, May 17, 2021 for the Class B, September 15, 2021 for the Class C and February 15, 2023 for the Class D. The first principal and interest payment on the notes was due on August 15, 2016. The indenture governing the ODART 2016-1 notes contains events of default which, if triggered, may result in the acceleration of the obligation to pay principal and interest on the notes. Consumer Loan Securitization Transaction Call of 2013-B Notes. On February 16, 2016, Sixteenth Street Funding LLC (“Sixteenth Street”), a wholly owned subsidiary of SFC, exercised its right to redeem the asset backed notes issued by the Springleaf Funding Trust 2013-B on June 19, 2013 (the “2013-B Notes”). To redeem the 2013-B Notes, Sixteenth Street paid a redemption price of $ 371 million , which included $1 million of accrued interest and excluded $ 30 million for the Class C and Class D Notes owned by Sixteenth Street on February 16, 2016, the date of the optional redemption. The outstanding principal balance of the 2013-B Notes was $ 400 million on the date of the optional redemption. Conduit Facilities As of September 30, 2016 , our borrowings under conduit facilities consisted of the following: (dollar in millions) Note Maximum Amount Revolving First Avenue Funding LLC (a) $ 250 $ — June 2018 Midbrook 2013-VFN1 Trust (b) 300 — February 2018 Mill River 2015-VFN1 Trust (c) 100 — May 2018 Second Avenue Funding LLC 250 — June 2018 Springleaf 2013-VFN1 Trust (d) 850 — January 2018 Sumner Brook 2013-VFN1 Trust 350 — January 2018 Whitford Brook 2014-VFN1 Trust (e) 250 — June 2018 Total $ 2,350 $ — (a) First Avenue Funding LLC. On June 30, 2016, we amended the note purchase agreement with the First Avenue Funding LLC (“First Avenue”) to extend the revolving period ending in March 2018 to June 2018. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying direct auto loans and will be due and payable in full 12 months following the maturity of the last direct auto loan held by First Avenue. (b) Midbrook 2013-VFN1 Trust. On February 24, 2016, we amended the note purchase agreement with the Midbrook Funding Trust 2013-VFN1 to (i) extend the revolving period ending in June 2016 to February 2018 and (ii) decrease the maximum principal balance from $300 million to $250 million on February 24, 2017. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying personal loans and will be due and payable in the 36 th month following the end of the revolving period. (c) Mill River 2015-VFN1 Trust. On January 21, 2016, we amended the note purchase agreement with the Mill River 2015-VFN1 Trust to decrease the maximum principal balance from $400 million to $100 million . (d) Springleaf 2013-VFN1 Trust. On January 21, 2016, we amended the note purchase agreement with the Springleaf 2013-VFN1 Trust to (i) increase the maximum principal balance from $350 million to $850 million and (ii) extend the revolving period ending in April 2017 to January 2018, which may be extended to January 2019, subject to the satisfaction of customary conditions precedent. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying personal loans and will be due and payable in the 36 th month following the end of the revolving period. (e) Whitford Brook 2014-VFN1 Trust. On February 24, 2016, we amended the note purchase agreement with the Whitford Brook Funding Trust 2014-VFN1 (the “Whitford Brook 2014-VFN1 Trust”) to extend the revolving period ending in June 2017 to June 2018. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying personal loans and will be due and payable in the 12 th month following the end of the revolving period. VIE INTEREST EXPENSE Other than our retained subordinate and residual interests in the remaining consolidated securitization trusts, we are under no obligation, either contractually or implicitly, to provide financial support to these entities. Consolidated interest expense related to our VIEs for the three and nine months ended September 30, 2016 totaled $25 million and $97 million , respectively, compared to $49 million and $136 million for the three and nine months ended September 30, 2015 , respectively. DECONSOLIDATED VIES As a result of the SpringCastle Interests Sale on March 31, 2016, we deconsolidated the securitization trust holding the underlying loans of the SpringCastle Portfolio and previously issued securitized interests, which were reported in long-term debt. As a result of the sales of the mortgage-backed retained certificates during 2014, we (i) deconsolidated the securitization trusts holding the underlying real estate loans and previously issued securitized interests which were reported in long-term debt and (ii) established a reserve for sales recourse obligations of $6 million related to these sales. At September 30, 2016 , this reserve totaled $6 million . We had no repurchase activity associated with these sales as of September 30, 2016 . See Note 14 for further information on the total reserve for sales recourse obligations relating to our real estate loan sales, including the sales of the mortgage-backed retained certificates.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
Accumulated Other Comprehensive Income (Loss)	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Changes, net of tax, in accumulated other comprehensive income (loss) were as follows: (dollars in millions) Unrealized Gains (Losses) Available-for-Sale Securities Retirement Plan Liabilities Adjustments Foreign Currency Translation Adjustments Total Accumulated Other Comprehensive Income (Loss) Three Months Ended September 30, 2016 Balance at beginning of period $ 4 $ (19 ) $ 4 $ (11 ) Other comprehensive income (loss) before reclassifications 4 — — 4 Reclassification adjustments from accumulated other comprehensive income (loss) (1 ) — (5 ) (6 ) Balance at end of period $ 7 $ (19 ) $ (1 ) $ (13 ) Three Months Ended September 30, 2015 Balance at beginning of period $ 2 $ (13 ) $ 4 $ (7 ) Other comprehensive loss before reclassifications (2 ) — — (2 ) Reclassification adjustments from accumulated other comprehensive income (loss) (2 ) — — (2 ) Balance at end of period $ (2 ) $ (13 ) $ 4 $ (11 ) Nine Months Ended September 30, 2016 Balance at beginning of period $ (9 ) $ (19 ) $ 4 $ (24 ) Other comprehensive income (loss) before reclassifications 19 — — 19 Reclassification adjustments from accumulated other comprehensive income (loss) (3 ) — (5 ) (8 ) Balance at end of period $ 7 $ (19 ) $ (1 ) $ (13 ) Nine Months Ended September 30, 2015 Balance at beginning of period $ 12 $ (13 ) $ 4 $ 3 Other comprehensive loss before reclassifications (5 ) — — (5 ) Reclassification adjustments from accumulated other comprehensive income (loss) (9 ) — — (9 ) Balance at end of period $ (2 ) $ (13 ) $ 4 $ (11 ) Reclassification adjustments from accumulated other comprehensive income (loss) to the applicable line item on our condensed consolidated statements of operations were as follows: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Unrealized gains on investment securities: Reclassification from accumulated other comprehensive income (loss) to investment revenues, before taxes $ 2 $ 4 $ 5 $ 14 Income tax effect (1 ) (2 ) (2 ) (5 ) Reclassification from accumulated other comprehensive income (loss) to investment revenues, net of taxes 1 2 3 9 Unrealized gains on foreign currency translation adjustments: Reclassification from accumulated other comprehensive income (loss) to other revenues 5 — 5 — Total $ 6 $ 2 $ 8 $ 9

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes At September 30, 2016 , we had a net deferred tax liability of $27 million , compared to $113 million at December 31, 2015 . The decrease in net deferred tax liability of $86 million was primarily due to changes in the fair value of our finance receivables and purchase accounting for debt writedown, partially offset by the impact of the SpringCastle Interests Sale. The effective tax rate for the nine months ended September 30, 2016 was 33.6% , compared to 11.6% for the same period in 2015 . The effective tax rate for the nine months ended September 30, 2016 differed from the federal statutory rate primarily due to the effect of the non-controlling interests in the previously owned SpringCastle Portfolio, partially offset by the effect of state income taxes. The effective tax rate for the nine months ended September 30, 2015 differed from the federal statutory rate primarily due to the effect of the non-controlling interests in the previously owned SpringCastle Portfolio. We are currently under examination of our U.S. federal tax return for the years 2011 to 2013 by the Internal Revenue Service. Management believes it has adequately provided for taxes for such years. The Company’s unrecognized tax positions, including interest and penalties, totaled $10 million and $9 million at September 30, 2016 and December 31, 2015 , respectively, all of which would affect the effective tax rate if recognized. The amount of any change in the balance of uncertain tax positions over the next 12 months is not expected to be material to our consolidated financial statements.

Contingencies

Contingencies	9 Months Ended
Contingencies	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies LEGAL CONTINGENCIES In the normal course of business, we have been named, from time to time, as a defendant 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 condensed consolidated financial statements and we can reasonably estimate the amount of that loss, we accrue the estimated loss by a charge to income. In many actions, however, it is inherently difficult to determine whether any loss is probable or even reasonably possible or to estimate the amount of any loss. In addition, even where loss is reasonably possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is not always possible to reasonably estimate the size of the possible loss or range of loss. For certain legal actions, we cannot reasonably estimate such losses, particularly for actions that are in their early stages of development or where plaintiffs seek substantial or indeterminate damages. Numerous issues may need to be resolved, including through potentially lengthy discovery and determination of important factual matters, and by addressing novel or unsettled legal questions relevant to the actions in question, before a loss or additional loss or range of loss or additional loss can be reasonably estimated for any given action. For certain other legal actions, we can estimate reasonably possible losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued, but do not believe, based on current knowledge and after consultation with counsel, that such losses will have a material adverse effect on our condensed consolidated financial statements as a whole. SALES RECOURSE OBLIGATIONS Real Estate Loan Sales At September 30, 2016 , our reserve for sales recourse obligations totaled $14 million , which primarily related to the real estate loan sales in 2014. During the three months ended September 30, 2016 and 2015 and the nine months ended September 30, 2016 , we had no repurchase activity related to our real estate loan sales in 2014. For the nine months ended September 30, 2015 , we repurchased 13 loans, totaling $1 million , associated with the real estate loan sales in 2014. At September 30, 2016 , there were no material recourse requests with loss exposure that management believed would not be covered by the reserve. However, we will continue to monitor any repurchase activity in the future and will adjust the reserve accordingly. When recourse losses are reasonably possible or exposure to such losses exists in excess of the liability already accrued, it is not always possible to reasonably estimate the size of the possible recourse losses or range of losses. The activity in our reserve for sales recourse obligations primarily associated with the real estate loan sales during 2014 was as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in millions) 2016 2015 2016 2015 Balance at beginning of period $ 15 $ 18 $ 15 $ 24 Recourse losses — — — (5 ) Provision for recourse obligations, net of recoveries * (1 ) — (1 ) (1 ) Balance at end of period $ 14 $ 18 $ 14 $ 18 * Reflects the elimination of the reserve associated with other prior sales of finance receivables. We did not establish a reserve for sales recourse obligations associated with the August 2016 Real Estate Loan Sale. Lendmark Sale We did not establish a reserve for sales recourse obligations associated with the personal loans sold to Lendmark in May of 2016 due to the higher credit quality of the personal loans sold.

Benefit Plans

Benefit Plans	9 Months Ended
Benefit Plans	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Benefit Plans	Benefit Plans The following table presents the components of net periodic benefit cost with respect to our defined benefit pension plans: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Components of net periodic benefit cost - pension plans: Interest cost $ 4 $ 4 $ 12 $ 12 Expected return on assets (5 ) (5 ) (13 ) (14 ) Net periodic benefit cost $ (1 ) $ (1 ) $ (1 ) $ (2 ) We do not currently fund post retirement benefits.

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information Our segments coincide with how our businesses are managed. At September 30, 2016 , our three segments included: • Consumer and Insurance — We originate and service personal loans (secured and unsecured) through two business divisions: branch operations and centralized operations. We also offer credit insurance (life insurance, disability insurance, and involuntary unemployment insurance), non-credit insurance, and ancillary products, such as warranty protection. Branch operations primarily conduct business in 28 states. Our centralized operations underwrite and process certain loan applications that we receive from our branch operations or through an internet portal. If the applicant is located near an existing branch (“in footprint”), our centralized operations make the credit decision regarding the application and then request, but do not require, the customer to visit a nearby branch for closing, funding and servicing. If the applicant is not located near a branch (“out of footprint”), our centralized operations originate the loan. • Acquisitions and Servicing — SFI services the SpringCastle Portfolio that was acquired by an indirect subsidiary of OMH through a joint venture in which SFC previously owned a 47% equity interest. On March 31, 2016, the SpringCastle Portfolio was sold in connection with the sale of our equity interest in the SpringCastle Joint Venture. These loans consist of unsecured loans and loans secured by subordinate residential real estate mortgages and include both closed-end accounts and open-end lines of credit. These loans are in a liquidating status and vary in substance and form from our originated loans. Unless SFI is terminated, SFI will continue to provide the servicing for these loans pursuant to a servicing agreement, which SFI services as unsecured loans because the liens are subordinated to superior ranking security interests. • Real Estate — We service and hold real estate loans secured by first or second mortgages on residential real estate. Real estate loans previously originated through our branch offices or previously acquired or originated through centralized distribution channels are serviced by: (i) MorEquity and subserviced by Nationstar; (ii) Select Portfolio Servicing, Inc.; or (iii) our centralized operations. Investment funds managed by affiliates of Fortress indirectly own a majority interest in Nationstar. Prior to the OneMain Acquisition, this segment also included proceeds from the sale of our real estate loans in 2014. OMH used these proceeds to acquire OneMain. The remaining components (which we refer to as “Other”) consist of our other non-originating legacy operations, which are isolated by geographic market and/or distribution channel from our three segments. These operations include: (i) our legacy operations in 14 states where we also ceased branch-based personal lending; (ii) our liquidating retail sales finance portfolio (including retail sales finance accounts from its legacy auto finance operation); (iii) our lending operations in Puerto Rico and the U.S. Virgin Islands; and (iv) the operations of our United Kingdom subsidiary, prior to its liquidation on August 16, 2016. The accounting policies of the segments are the same as those disclosed in Note 3 to the consolidated financial statements of our 2015 Annual Report on Form 10-K, except as described below. Due to the nature of the Fortress Acquisition, we applied purchase accounting. However, we report the operating results of Consumer and Insurance, Acquisitions and Servicing, Real Estate, and Other using a “Segment Accounting Basis,” which (i) reflects our allocation methodologies for certain costs, primarily interest expense, loan loss reserves and acquisition costs to reflect the manner in which we assess our business results and (ii) excludes the impact of applying purchase accounting (eliminates premiums/discounts on our finance receivables at acquisition, as well as the amortization/accretion in future periods). These allocations and adjustments currently have a material effect on our reported segment basis income as compared to GAAP. We believe a Segment Accounting Basis (a basis other than GAAP) provides investors a consistent basis on which management evaluates segment performance. We allocate revenues and expenses (on a Segment Accounting Basis) to each segment using the following methodologies: Interest income Directly correlated with a specific segment. Interest expense Acquisitions and Servicing - This segment includes interest expense specifically identified to the SpringCastle Portfolio. Consumer and Insurance, Real Estate and Other - The Company has securitization debt and unsecured debt. The Company first allocates interest expense to its segments based on actual expense for securitizations and secured term debt and using a weighted average for unsecured debt allocated to the segments. Average unsecured debt allocations for the periods presented are as follows: Subsequent to the OneMain Acquisition Total average unsecured debt is allocated as follows: l Consumer and Insurance - receives remainder of unallocated average debt; and l Real Estate and Other - at 100% of asset base. (Asset base represents the average net finance receivables including finance receivables held for sale.) The net effect of the change in debt allocation and asset base methodologies for the three months ended September 30, 2015, had it been in place as of the beginning of the year, would be an increase in interest expense of $59 million for Consumer and Insurance and a decrease in interest expense of $44 million and $15 million for Real Estate and Other, respectively. The net effect of the change in debt allocation and asset base methodologies for the nine months ended September 30, 2015, had it been in place as of the beginning of the year, would be an increase in interest expense of $179 million for Consumer and Insurance and a decrease in interest expense of $134 million and $45 million for Real Estate and Other, respectively. For the period third quarter 2014 to the OneMain Acquisition Total average unsecured debt was allocated to Consumer and Insurance, Real Estate and Other, such that the total debt allocated across each segment equaled 83%, up to 100% and 100% of each of its respective asset base. Any excess was allocated to Consumer and Insurance. Average unsecured debt was allocated after average securitized debt to achieve the calculated average segment debt. Asset base represented the following: l Consumer and Insurance - average net finance receivables, including average net finance receivables held for sale; l Real Estate - average net finance receivables, including average net finance receivables held for sale, cash and cash equivalents, investments including proceeds from Real Estate sales; and l Other - average net finance receivables other than the periods listed below: l May 2015 to the OneMain Acquisition - average net finance receivables and cash and cash equivalents, less proceeds from equity issuance in 2015, operating cash reserve and cash included in other segments. l February 2015 to April 2015 - average net finance receivables and cash and cash equivalents, less operating cash reserve and cash included in other segments. Provision for finance receivable losses Directly correlated with a specific segment, except for allocations to Other, which are based on the remaining delinquent accounts as a percentage of total delinquent accounts. Other revenues Directly correlated with a specific segment, except for: (i) net gain (loss) on repurchases and repayments of debt, which is allocated to the segments based on the interest expense allocation of debt and (ii) gains and losses on foreign currency exchange, which are allocated to the segments based on the interest expense allocation of debt. Other expenses Salaries and benefits - Directly correlated with a specific segment. Other salaries and benefits not directly correlated with a specific segment are allocated to each of the segments based on services provided. Other operating expenses - Directly correlated with a specific segment. Other operating expenses not directly correlated with a specific segment are allocated to each of the segments based on services provided. Insurance policy benefits and claims - Directly correlated with a specific segment. The “Segment to GAAP Adjustment” column in the following tables primarily consists of: • Interest income - reverses the impact of premiums/discounts on non-impaired purchased finance receivables and the interest income recognition under guidance in Accounting Standards Codification (“ASC”) 310-20, Nonrefundable Fees and Other Costs , 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 and reverses the impact of recognition of net charge-offs on purchased credit impaired finance receivables 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; and • Other expenses - reestablishes expenses on a historical cost basis by reversing the impact of amortization from acquired intangible assets and including amortization of other historical deferred costs. The following tables present information about the Company’s segments, as well as reconciliations to the condensed consolidated financial statement amounts. (dollars in millions) Consumer and Insurance Acquisitions and Servicing Real Other Segment to GAAP Adjustment Consolidated Three Months Ended Interest income $ 291 $ — $ 10 $ 1 $ 1 $ 303 Interest expense 105 — 8 1 21 135 Provision for finance receivable losses 84 — 1 — 2 87 Net interest income after provision for finance receivable losses 102 — 1 — (22 ) 81 Other revenues 53 — (12 ) 50 16 107 Other expenses 146 — 8 1 — 155 Income (loss) before provision for (benefit from) income taxes $ 9 $ — $ (19 ) $ 49 $ (6 ) $ 33 Three Months Ended Interest income $ 289 $ 112 $ 17 $ 1 $ 3 $ 422 Interest expense 43 22 58 16 32 171 Provision for finance receivable losses 62 16 (4 ) — 4 78 Net interest income (loss) after provision for finance receivable losses 184 74 (37 ) (15 ) (33 ) 173 Other revenues 55 — (2 ) 4 (8 ) 49 Other expenses 157 14 8 2 1 182 Income (loss) before provision for (benefit from) income taxes 82 60 (47 ) (13 ) (42 ) 40 Income before provision for income taxes attributable to non-controlling interests — 32 — — — 32 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation $ 82 $ 28 $ (47 ) $ (13 ) $ (42 ) $ 8 (dollars in millions) Consumer and Insurance Acquisitions and Servicing Real Estate Other Eliminations Segment to GAAP Adjustment Consolidated Total At or for the Nine Months Ended Interest income $ 897 $ 102 $ 40 $ 3 $ — $ 5 $ 1,047 Interest expense 299 20 35 8 — 67 429 Provision for finance receivable losses 240 14 5 — — 4 263 Net interest income (loss) after provision for finance receivable losses 358 68 — (5 ) — (66 ) 355 Net gain on sale of SpringCastle interests — 167 — — — — 167 Other revenues (a) 169 — (30 ) 152 — 11 302 Other expenses 487 15 22 — — (1 ) 523 Income (loss) before provision for (benefit from) income taxes 40 220 (52 ) 147 — (54 ) 301 Income before provision for income taxes attributable to non-controlling interests — 28 — — — — 28 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation $ 40 $ 192 $ (52 ) $ 147 $ — $ (54 ) $ 273 Assets $ 5,529 $ — $ 371 $ 3,698 $ — $ (91 ) $ 9,507 At or for the Nine Months Ended Interest income $ 810 $ 350 $ 52 $ 6 $ — $ 9 $ 1,227 Interest expense 119 67 177 48 (5 ) 94 500 Provision for finance receivable losses 170 53 (7 ) 1 — 13 230 Net interest income (loss) after provision for finance receivable losses 521 230 (118 ) (43 ) 5 (98 ) 497 Other revenues 161 5 4 10 (5 ) (13 ) 162 Other expenses 448 45 24 17 — 3 537 Income (loss) before provision for (benefit from) income taxes 234 190 (138 ) (50 ) — (114 ) 122 Income before provision for income taxes attributable to non-controlling interests — 98 — — — — 98 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation $ 234 $ 92 $ (138 ) $ (50 ) $ — $ (114 ) $ 24 Assets (b) $ 5,388 $ 1,872 $ 3,551 $ 1,471 $ — $ (19 ) $ 12,263 (a) Other revenues reported in “Other” primarily includes interest income on the Cash Services Note (previously referred to as the “Independence Demand Note”) and on SFC’s note receivable from SFI. See Note 9 for further information on the notes receivable from parent and affiliates. (b) In connection with our policy integration with OneMain, we report unearned insurance premium and claim reserves related to finance receivables (previously reported in insurance claims and policyholder liabilities) as a contra-asset to net finance receivables, which totaled $240 million at September 30, 2015 .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair value of a financial instrument is the amount that would be expected to be received if an asset were to be sold or the amount that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The degree of judgment used in measuring the fair value of financial instruments generally correlates with the level of pricing observability. Financial instruments with quoted prices in active markets generally have more pricing observability and less judgment is used in measuring fair value. Conversely, financial instruments traded in other-than-active markets or that do not have quoted prices have less observability and are measured at fair value using valuation models or other pricing techniques that require more judgment. An other-than-active market is one in which there are few transactions, the prices are not current, price quotations vary substantially either over time or among market makers, or little information is released publicly for the asset or liability being valued. Pricing observability is affected by a number of factors, including the type of financial instrument, whether the financial instrument is listed on an exchange or traded over-the-counter or is new to the market and not yet established, the characteristics specific to the transaction, and general market conditions. The following table summarizes the fair values and carrying values of our financial instruments and indicates the fair value hierarchy based on the level of inputs we utilized to determine such fair values: Fair Value Measurements Using Total Total (dollars in millions) Level 1 Level 2 Level 3 September 30, 2016 Assets Cash and cash equivalents $ 233 $ 39 $ — $ 272 $ 272 Investment securities — 571 2 573 573 Net finance receivables, less allowance for finance receivable losses — — 5,149 5,149 4,775 Finance receivables held for sale — — 166 166 166 Notes receivable from parent and affiliates — 3,482 — 3,482 3,482 Restricted cash and cash equivalents 176 — — 176 176 Other assets: Commercial mortgage loans — — 45 45 45 Escrow advance receivable — — 9 9 9 Receivables from parent and affiliates — 40 — 40 40 Receivables related to sales of real estate loans and related trust assets — 1 — 1 5 Liabilities Long-term debt $ — $ 7,038 $ — $ 7,038 $ 6,542 Payables to parent and affiliates — 14 — 14 14 December 31, 2015 Assets Cash and cash equivalents $ 321 $ — $ — $ 321 $ 321 Investment securities — 602 2 604 604 Net finance receivables, less allowance for finance receivable losses — — 6,897 6,897 6,340 Finance receivables held for sale — — 819 819 793 Notes receivable from parent and affiliates — 3,804 — 3,804 3,804 Restricted cash and cash equivalents 295 — — 295 295 Other assets: Commercial mortgage loans — — 62 62 62 Escrow advance receivable — — 11 11 11 Receivables from parent and affiliates — 9 — 9 9 Receivables related to sales of real estate loans and related trust assets — 1 — 1 5 Liabilities Long-term debt $ — $ 9,998 $ — $ 9,998 $ 9,582 Payables to parent and affiliates — 24 — 24 24 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 September 30, 2016 Assets Cash equivalents in mutual funds $ 123 $ — $ — $ 123 Cash equivalents securities — 39 — 39 Investment securities: Available-for-sale securities Bonds: U.S. government and government sponsored entities — 15 — 15 Obligations of states, municipalities, and political subdivisions — 79 — 79 Non-U.S. government and government sponsored entities — 2 — 2 Corporate debt — 354 — 354 RMBS — 37 — 37 CMBS — 38 — 38 CDO/ABS — 36 — 36 Total bonds — 561 — 561 Preferred stock — 6 — 6 Other long-term investments — — 1 1 Total available-for-sale securities * — 567 1 568 Other securities Bonds: Corporate debt — 2 — 2 CMBS — 2 — 2 Total other securities — 4 — 4 Total investment securities — 571 1 572 Restricted cash in mutual funds 163 — — 163 Total $ 286 $ 610 $ 1 $ 897 * Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at September 30, 2016 , which is carried at cost. Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2015 Assets Cash equivalents in mutual funds $ 224 $ — $ — $ 224 Investment securities: Available-for-sale securities Bonds: U.S. government and government sponsored entities — 82 — 82 Obligations of states, municipalities, and political subdivisions — 89 — 89 Corporate debt — 267 — 267 RMBS — 74 — 74 CMBS — 44 — 44 CDO/ABS — 29 — 29 Total bonds — 585 — 585 Preferred stock — 5 — 5 Other long-term investments — — 1 1 Total available-for-sale securities (a) — 590 1 591 Trading and other securities Bonds: Corporate debt — 10 — 10 CMBS — 2 — 2 Total trading and other securities (b) — 12 — 12 Total investment securities — 602 1 603 Restricted cash in mutual funds 276 — — 276 Total $ 500 $ 602 $ 1 $ 1,103 (a) Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at December 31, 2015 , which is carried at cost. (b) The fair value of other securities totaled $2 million at December 31, 2015 . We had no transfers between Level 1 and Level 2 during the three and nine months ended September 30, 2016 . The following table presents changes in Level 3 assets measured at fair value on a recurring basis: Net gains (losses) included in: Purchases, sales, issues, settlements (a) Transfers into Transfers (b) Balance Balance at beginning of period Other revenues Other comprehensive income (loss) (dollars in millions) Three Months Ended Investment securities: Available-for-sale securities Other long-term investments $ 1 $ — $ — $ — $ — $ — $ 1 Total $ 1 $ — $ — $ — $ — $ — $ 1 Three Months Ended Investment securities: Available-for-sale securities Preferred stock $ — $ — $ — $ 10 $ — $ — $ 10 Other long-term investments 1 — — — — — 1 Total $ 1 $ — $ — $ 10 $ — $ — $ 11 Nine Months Ended Investment securities: Available-for-sale securities Other long-term investments $ 1 $ — $ — $ — $ — $ — $ 1 Total $ 1 $ — $ — $ — $ — $ — $ 1 Nine Months Ended Investment securities: Available-for-sale securities Bonds: Corporate debt $ 4 $ — $ — $ (4 ) $ — $ — $ — CMBS 3 — — — — (3 ) — Total bonds 7 — — (4 ) — (3 ) — Preferred stock — — — 10 — — 10 Other long-term investments 1 — — — — — 1 Total $ 8 $ — $ — $ 6 $ — $ (3 ) $ 11 (a) The detail of purchases and settlements is presented in the table below: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Investment securities: Purchases Available-for-sale securities Preferred stock $ — $ 10 $ — $ 10 Settlements Available-for-sale securities Bonds: Corporate debt — — — (4 ) Total $ — $ 10 $ — $ 6 (b) During the nine months ended September 30, 2015 , we transferred CMBS securities totaling $3 million out of Level 3 primarily related to the greater observability of pricing inputs. We used observable and/or unobservable inputs to determine the fair value of positions that we have classified within the Level 3 category. As a result, the unrealized gains and losses for assets and liabilities within the Level 3 category presented in the Level 3 tables above may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable (e.g., changes in unobservable long-dated volatilities) inputs. The unobservable inputs and quantitative data used in our Level 3 valuations for our investment securities were developed and used in models created by our third-party valuation service providers, which values were used by us for fair value disclosure purposes without adjustment. Quantitative information about Level 3 inputs for our assets measured at fair value on a recurring basis for which information about the unobservable inputs was reasonably available to us at September 30, 2016 and December 31, 2015 is as follows: Range (Weighted Average) Valuation Technique(s) Unobservable Input September 30, 2016 December 31, 2015 RMBS Discounted cash flows Spread — 665 bps (a) Other long-term investments Discounted cash flows and indicative valuations Historical costs Nature of investment Local market conditions Comparables Operating performance Recent financing activity (b) (b) (a) At December 31, 2015 , RMBS consisted of one bond, which was less than $1 million . (b) We applied the third-party exception which allows us to omit certain quantitative disclosures about unobservable inputs for other long-term investments. As a result, the weighted average ranges of the inputs for these investment securities are not applicable. The fair values of the assets using significant unobservable inputs are sensitive and can be impacted by significant increases or decreases in any of those inputs. Level 3 broker-priced instruments, including RMBS (except for the one bond described in note (a) above), CMBS, and CDO/ABS, are excluded from the table above because the unobservable inputs are not reasonably available to us. Our RMBS, CMBS, and CDO/ABS securities have unobservable inputs that are reliant on and sensitive to the quality of their underlying collateral. The inputs, although not identical, have similar characteristics and interrelationships. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for the loss severity and a directionally opposite change in the assumption used for prepayment speeds. An improvement in the workout criteria related to the restructured debt and/or debt covenants of the underlying collateral may lead to an improvement in the cash flows and have an inverse impact on other inputs, specifically a reduction in the amount of discount applied for marketability and liquidity, making the structured bonds more attractive to market participants. FAIR VALUE MEASUREMENTS — NON-RECURRING BASIS We measure the fair value of certain assets on a non-recurring basis when events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Assets measured at fair value on a non-recurring basis on which we recorded impairment charges were as follows: Fair Value Measurements Using * (dollars in millions) Level 1 Level 2 Level 3 Total September 30, 2016 Assets Finance receivables held for sale $ — $ — $ 157 $ 157 Real estate owned — — 6 6 Commercial mortgage loans — — 3 3 Total $ — $ — $ 166 $ 166 December 31, 2015 Assets Real estate owned $ — $ — $ 11 $ 11 Commercial mortgage loans — — 8 8 Total $ — $ — $ 19 $ 19 * The fair value information presented in the table is as of the date the fair value adjustment was recorded. Net impairment charges recorded on assets measured at fair value on a non-recurring basis were as follows: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Assets Finance receivables held for sale $ — $ — $ 5 $ — Real estate owned 1 1 2 3 Commercial mortgage loans (1 ) — — (2 ) Total $ — $ 1 $ 7 $ 1 In accordance with the authoritative guidance for the accounting for the impairment of finance receivables held for sale, we wrote down certain finance receivables held for sale reported in our Real Estate segment to their fair value during the second quarter of 2016 and recorded the writedowns in other revenues. In accordance with the authoritative guidance for the accounting for the impairment of long-lived assets, we wrote down certain real estate owned reported in our Real Estate segment to their fair value less cost to sell for the three and nine months ended September 30, 2016 and 2015 and recorded the writedowns in other revenues. The fair values of real estate owned disclosed in the table above are unadjusted for transaction costs, as required by the authoritative guidance for fair value measurements. The amounts of real estate owned recorded in other assets are net of transaction costs as required by the authoritative guidance for accounting for the impairment of long-lived assets. In accordance with the authoritative guidance for the accounting for the impairment of commercial mortgage loans, we recorded allowance adjustments on certain impaired commercial mortgage loans reported in our Consumer and Insurance segment to record their fair value for the three and nine months ended September 30, 2016 and 2015 and recorded the net impairments in investment revenues. The inputs and quantitative data used in our Level 3 valuations for our real estate owned and commercial mortgage loans are unobservable primarily due to the unique nature of specific real estate assets. Therefore, we used independent third-party providers, familiar with local markets, to determine the values used for fair value disclosures without adjustment. Quantitative information about Level 3 inputs for our assets measured at fair value on a non-recurring basis at September 30, 2016 and December 31, 2015 was as follows: Range (Weighted Average) Valuation Technique(s) Unobservable Input September 30, 2016 December 31, 2015 Finance receivables held for sale Income approach Market value for similar type loan transactions to obtain a price point * — Real estate owned Market approach Third-party valuation * * Commercial mortgage loans Market approach Income approach Cost approach Local market conditions Nature of investment Comparable property sales Operating performance * * * We applied the third-party exception which allows us to omit certain quantitative disclosures about unobservable inputs for the assets measured at fair value on a non-recurring basis included in the table above. As a result, the weighted average ranges of the inputs for these assets are not applicable. FAIR VALUE MEASUREMENTS — VALUATION METHODOLOGIES AND ASSUMPTIONS We use the following methods and assumptions to estimate fair value. Cash and Cash Equivalents The carrying amount of cash and cash equivalents, including cash and certain cash equivalents, approximates fair value. Mutual Funds The fair value of mutual funds is based on quoted market prices of the underlying shares held in the mutual funds. Investment Securities We utilize third-party valuation service providers to measure the fair value of our investment securities, which are classified as available-for-sale or as trading and other 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, both non-impaired and purchased credit impaired, are determined using discounted cash flow methodologies. The application of these methodologies requires us to make certain judgments and estimates based on our perception of market participant views related to the economic and competitive environment, the characteristics of our finance receivables, and other similar factors. The most significant judgments and estimates made relate to prepayment speeds, default rates, loss severity, and discount rates. The degree of judgment and estimation applied is significant in light of the current capital markets and, more broadly, economic environments. Therefore, the fair value of our finance receivables could not be determined with precision and may not be realized in an actual sale. Additionally, there may be inherent limitations in the valuation methodologies we employed, and changes in the underlying assumptions used could significantly affect the results of current or future values. Finance Receivables Held for Sale We determined the fair value of finance receivables held for sale that were originated as held for investment based on negotiations with prospective purchasers (if any) or by using projected cash flows discounted at the weighted-average interest rates offered by us in the market for similar finance receivables. We based cash flows on contractual payment terms adjusted for estimates of prepayments and credit related losses. Restricted Cash and Cash Equivalents The carrying amount of restricted cash and cash equivalents approximates fair value. Notes Receivable from Parent and Affiliates The carrying amount of the notes receivable from parent and affiliates approximates the fair value because the notes are payable on a demand basis prior to their due dates and the interest rates on these notes adjust with changing market interest rates. Commercial Mortgage Loans Given the short remaining average life of the portfolio, the carrying amount of commercial mortgage loans approximates fair value. The carrying amount includes an estimate for credit related losses, which is based on independent third-party valuations. Real Estate Owned We initially base our estimate of the fair value on independent third-party valuations at the time we take title to real estate owned. Subsequent changes in fair value are based upon independent third-party valuations obtained periodically to estimate a price that would be received in a then current transaction to sell the asset. Escrow Advance Receivable The carrying amount of escrow advance receivable approximates fair value. Receivables from Parent and Affiliates The carrying amount of receivables from parent and affiliates approximates fair value. Receivables Related to Sales of Real Estate Loans and Related Trust Assets The carrying amount of receivables related to sales of real estate loans and related trust assets less estimated forfeitures, which are reflected in other liabilities, approximates fair value. Long-term Debt We either receive fair value measurements of our long-term debt from market participants and pricing services or we estimate the fair values of long-term debt using projected cash flows discounted at each balance sheet date’s market-observable implicit-credit spread rates for our long-term debt. We record at fair value long-term debt issuances that are deemed to incorporate an embedded derivative and for which it is impracticable for us to isolate and/or value the derivative. At September 30, 2016 , 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. Payables to Parent and Affiliates The fair value of payable to parent and affiliates approximates the carrying value due to its short-term nature.

Business and Basis of Present25

Business and Basis of Presentation (Policies)	9 Months Ended
Business and Basis of Presentation (Policies)	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION We prepared our condensed consolidated financial statements using generally accepted accounting principles in the United States of America (“GAAP”). These statements are unaudited. The year-end condensed balance sheet data was derived from our audited financial statements, but does not include all disclosures required by GAAP. The statements include the accounts of SFC, its subsidiaries (all of which are wholly owned, except for certain subsidiaries associated with a joint venture in which we owned a 47% equity interest prior to March 31, 2016), and variable interest entities (“VIEs”) in which we hold a controlling financial interest and for which we are considered to be the primary beneficiary as of the financial statement date. We eliminated all material intercompany accounts and transactions. We made judgments, estimates, and assumptions that affect amounts reported in our condensed consolidated financial statements and disclosures of contingent assets and liabilities. In management’s opinion, the condensed consolidated financial statements include the normal, recurring adjustments necessary for a fair statement of results. Ultimate results could differ from our estimates. We evaluated the effects of and the need to disclose events that occurred subsequent to the balance sheet date. To conform to the 2016 presentation, we have reclassified certain items in prior periods, including certain items in prior periods of our condensed consolidated financial statements. The condensed consolidated financial statements in this report should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (“ 2015 Annual Report on Form 10-K”). We follow the same significant accounting policies for our interim reporting, except for the change in accounting policy discussed below. As a result of the change in accounting policy, we have revised certain sections in our 2015 Annual Report on Form 10-K to reflect the retrospective application of this change in accounting policy, and such revised disclosures are included in exhibits to our Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on August 29, 2016 (the “retrospective Form 8-K”). Therefore, the condensed consolidated financial statements in this report should also be read in conjunction with the retrospective Form 8-K.
Impaired Financing Receivable, Policy	CHANGE IN ACCOUNTING POLICY Effective April 1, 2016, we changed our accounting policy for the derecognition of loans within a purchased credit impaired pool. Historically, we removed loans from a purchased credit impaired pool upon charge-off of the loan, based on the Company’s charge-off accounting policy at their allocated carrying value. Under our new accounting policy, loans will be removed from a purchased credit impaired pool when the loan is written-off, at which time further collections efforts would not be pursued, or sold or repaid. While both methods are acceptable under GAAP, we believe the new method for derecognition of purchased credit impaired loans is preferable as it enhances consistency with our industry peers. As of January 1, 2015, the cumulative effect of applying the change in accounting policy increased shareholder’s equity by $37 million . For the nine months ended September 30, 2016, the effect of this change in accounting policy was as follows: • decreased income before provision for income taxes by $56 million ; • decreased net income by $34 million ; and • decreased net income attributable to SFC by $37 million . The effect of the change in accounting policy on the amounts reported in our condensed consolidated statements of operations for the three months ended September 30, 2016, was less than $1 million . Our policy for derecognition of purchased credit impaired loans following the change described above is presented below: Purchased Credit Impaired Finance Receivables As part of each of our acquisitions, we identify a population of finance receivables for which it is determined that it is probable that we will be unable to collect all contractually required payments. The population of accounts identified generally consists of those finance receivables that are (i) 60 days or more past due at acquisition, (ii) which had been classified as troubled debt restructured (“TDR”) finance receivables as of the acquisition date, (iii) may have been previously modified, or (iv) had other indications of credit deterioration as of the acquisition date. We accrete the excess of the cash flows expected to be collected on the purchased credit impaired finance receivables over the discounted cash flows (the “accretable yield”) into interest income at a level rate of return over the expected lives of the underlying pools of the purchased credit impaired finance receivables. The underlying pools are based on finance receivables with common risk characteristics. We have established policies and procedures to update on a quarterly basis the amount of cash flows we expect to collect, which incorporates assumptions regarding default rates, loss severities, the amounts and timing of prepayments and other factors that are reflective of then current market conditions. Probable decreases in expected finance receivable cash flows result in the recognition of impairment, which is recognized through the provision for finance receivable losses. Probable significant increases in expected cash flows to be collected would first reverse any previously recorded allowance for finance receivable losses; any remaining increases are recognized prospectively as adjustments to the respective pool’s yield. Our purchased credit impaired finance receivables remain in our purchased credit impaired pools until liquidation or write-off. We do not reclassify modified purchased credit impaired finance receivables as TDR finance receivables. We have additionally established policies and procedures related to maintaining the integrity of these pools. A finance receivable will not be removed from a pool unless we sell, foreclose, or otherwise receive assets in satisfaction of a particular finance receivable or a finance receivable is written-off. If a finance receivable is renewed and additional funds are lent and terms are adjusted to current market conditions, we consider this a new finance receivable and the previous finance receivable is removed from the pool. If the facts and circumstances indicate that a finance receivable should be removed from a pool, that finance receivable will be removed at its allocated carrying amount, and such removal will not affect the yield used to recognize accretable yield of the pool. We have retrospectively applied this change in accounting policy. The effect of this change in accounting policy on the amounts previously reported in our condensed consolidated statements of operations for the three and nine months ended September 30, 2015 and our condensed consolidated statements of cash flows for the nine months ended September 30, 2015 are included in the following tables.
Accounting Pronouncements Recently Adopted	ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED Consolidation In February of 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2015-02, Consolidation - Amendments to the Consolidation Analysis , which amends the current consolidation guidance and ends the deferral granted to reporting entities with variable interests in investment companies from applying certain prior amendments to the VIE guidance. This ASU is applicable to entities across all industries, particularly those that use limited partnerships as well as entities in any industry that outsource decision making or have historically applied related party tiebreakers in their consolidation analysis and disclosures. The standard became effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. We have adopted this ASU and concluded that it does not have a material effect on our consolidated financial statements. Technical Corrections and Improvements In June of 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements , to correct differences between original guidance and the Accounting Standards Codification, clarify the guidance, correct references and make minor improvements affecting a variety of topics. The amendments to this transition guidance became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. We have adopted this ASU and concluded that it does not have a material effect on our consolidated financial statements. Debt Instruments In March of 2016, the FASB issued ASU 2016-06, Contingent Puts and Call Options in Debt Instruments , which clarifies the requirements for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt host. The ASU requires assessing the embedded call (put) options solely in accordance with the four-step decision sequence. The amendment of this ASU becomes effective on a modified retrospective basis for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. We have early adopted this ASU and concluded that it does not have a material effect on our consolidated financial statements. Stock Compensation In March of 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting , which simplifies the accounting for share-based payment transactions, income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this ASU were adopted as follows: • We adopted the amendment requiring recognition of tax benefits related to exercised or vested awards through the income statement rather than additional paid-in capital on a prospective basis as of January 1, 2016. Further, as of January 1, 2016, there was no impact to additional paid-in capital as a result of our adoption of this ASU under the modified retrospective method. • We did not adopt the amendment allowing for the use of the actual number of shares vested each period, rather than estimating the number of awards that are expected to vest. We continue to use an estimate as it relates to the number of awards that are expected to vest. • We adopted the amendment for the threshold to qualify for equity classification permits withholding up to the maximum statutory tax rates, under the modified retrospective basis as of January 1, 2016. This amendment did not have a material impact on our consolidated financial statements. • We adopted the amendment requiring the classification of employee taxes paid on the statement of cash flows when an employer withholds shares for tax-withholding purposes to be presented in the financing activities instead of the operating activities, under the retrospective method as of January 1, 2014. This amendment did not have a material impact on our consolidated financial statements. • We adopted the amendment requiring the classification of excess tax benefits on the statement of cash flows to be presented in the operating activities instead of the financing activities, under the prospective method as of September 30, 2016. This amendment did not have a material impact on our consolidated financial statements. ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED Revenue Recognition In May of 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which provides a consistent revenue accounting model across industries. In August of 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers - Deferral of the Effective Date , to defer the effective date of the new revenue recognition standard by one year, which would result in the ASU becoming effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. In March of 2016, the FASB issued ASU 2016-08, Principal versus Agent Considerations, which clarifies the implementation of the guidance on principal versus agent considerations from ASU 2014-09, Revenue from Contracts with Customers . ASU 2016-08 does not change the core principle of the guidance in ASU 2014-09, but rather clarifies the distinction between principal versus agent considerations when implementing ASU 2014-09. In April of 2016, the FASB issued ASU 2016-10, Identifying Performance Obligations and Licensing , to clarify the implementation guidance of ASU 2014-09 relating to performance obligations and licensing. In May of 2016, the FASB issued ASU 2016-12, Narrow-Scope Improvements and Practical Expedients, to clarify guidance in ASU 2014-09 related to assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts/contract modifications. We are evaluating whether the adoption of these accounting pronouncements will have a material effect on our consolidated financial statements. Short-Duration Insurance Contracts Disclosures In May of 2015, the FASB issued ASU 2015-09, Disclosures about Short-Duration Contracts , to address enhanced disclosure requirements for insurers relating to short-duration insurance contract claims and unpaid claims liability rollforward for long and short-duration contracts. The disclosures are intended to provide users of financial statements with more transparent information about an insurance entity’s initial claim estimates and subsequent adjustments to those estimates, the methodologies and judgments used to estimate claims, and the timing, frequency, and severity of claims. The amendments in this ASU become effective for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. We are evaluating the potential impact of the adoption of the ASU on our consolidated financial statements. Financial Instruments In January of 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities , which simplifies the impairment assessment of equity investments. The update requires equity investments to be measured at fair value with changes recognized in net income. This ASU eliminates the requirement to disclose the methods and assumptions to estimate fair value for financial instruments, requires the use of the exit price for disclosure purposes, requires the change in liability due to a change in credit risk to be presented in other comprehensive income, requires separate presentation of financial assets and liabilities by measurement category and form of asset (securities and loans), and clarifies the need for a valuation allowance on a deferred tax asset related to available-for-sale securities. The amendments in this ASU become effective prospectively for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. We are evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. Leases In February of 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The ASU will require lessees to recognize assets and liabilities on leases with terms greater than 12 months and to disclose information related to the amount, timing and uncertainty of cash flows arising from leases, including various qualitative and quantitative requirements. The amendments in this ASU become effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. We are evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. Investments In March of 2016, the FASB issued ASU 2016-07, Simplifying the Transition to the Equity Method of Accounting , which eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The ASU requires that an entity that has available-for-sale securities recognize, through earnings, the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendment in this ASU becomes effective prospectively for annual periods, and interim periods within those annual periods, beginning after December 15, 2016. We are evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. Revenue Recognition and Derivatives and Hedging In May of 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815) , to rescind certain SEC guidance in Topic 605 and Topic 815 as ASU 2014-09 becomes effective. Our adoption of ASU 2014-09 will bring us into alignment with this ASU. We are evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. Allowance for Finance Receivables Losses In June of 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The ASU significantly changes the way that entities will be required to measure credit losses. The new standard requires that the estimated credit loss be based upon an “expected credit loss” approach rather than the “incurred loss” approach currently required. The new approach will require entities to measure all expected credit losses for financial assets based on historical experience, current conditions, and reasonable forecasts of collectability. It is anticipated that the expected credit loss model will require earlier recognition of credit losses than the incurred loss approach. The ASU requires that credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination that are measured at amortized cost basis be determined in a similar manner to other financial assets measured at amortized cost basis; however, the initial allowance for credit losses is added to the purchase price of the financial asset rather than being reported as a credit loss expense. Subsequent changes in the allowance for credit losses are recorded in earnings. Interest income should be recognized based on the effective rate, excluding the discount embedded in the purchase price attributable to expected credit losses at acquisition. The ASU also requires companies to record allowances for held-to-maturity and available-for-sale debt securities rather than write-downs of such assets. In addition, the ASU requires qualitative and quantitative disclosures that provide information about the allowance and the significant factors that influenced management’s estimate of the allowance. The ASU will become effective for the Company for fiscal years beginning January 1, 2020. Early adoption is permitted for fiscal years beginning January 1, 2019. We believe the adoption of this ASU will have a material effect on our consolidated financial statements and we are in the process of evaluating the expected impacts. Statement of Cash Flows In August of 2016, the FASB issued ASU 2016-15, Statement of Cash Flows , which clarifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments in this ASU will become effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. We are evaluating whether the adoption of this ASU will have a material effect on our consolidated financial statements. We do not believe that any other accounting pronouncements issued during the nine months ended September 30, 2016 , but not yet effective, would have a material impact on our consolidated financial statements or disclosures, if adopted.

Business and Basis of Present26

Business and Basis of Presentation (Tables)	9 Months Ended
Business and Basis of Presentation (Tables)	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Revised Condensed Income Statement	Revised Condensed Consolidated Statements of Operations (dollars in millions) Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 As Reported As Adjusted As Reported As Adjusted Interest income: Finance charges $ 419 $ 417 $ 1,221 $ 1,214 Finance receivables held for sale originated as held for investment 4 5 13 13 Total interest income 423 422 1,234 1,227 Interest expense 171 171 500 500 Net interest income 252 251 734 727 Provision for finance receivable losses 82 78 247 230 Net interest income after provision for finance receivable losses 170 173 487 497 Other revenues: Insurance 40 40 116 116 Investment 11 11 43 43 Interest income on notes receivable from parent and affiliates 5 5 11 11 Other (1 ) (7 ) (3 ) (8 ) Total other revenues 55 49 167 162 Other expenses: Operating expenses: Salaries and benefits 86 86 264 264 Other operating expenses 79 79 220 220 Insurance policy benefits and claims 17 17 53 53 Total other expenses 182 182 537 537 Income before provision for income taxes 43 40 117 122 Provision for income taxes 7 5 14 14 Net income 36 35 103 108 Net income attributable to non-controlling interests 31 32 93 98 Net income attributable to Springleaf Finance Corporation $ 5 $ 3 $ 10 $ 10
Schedule of Revised Condensed Cash Flow Statement	Revised Condensed Consolidated Statement of Cash Flows (dollars in millions) Nine Months Ended September 30, 2015 As Reported As Adjusted Cash flows from operating activities Net income $ 103 $ 108 Reconciling adjustments: Provision for finance receivable losses 247 230 Depreciation and amortization 64 71 Deferred income tax benefit (10 ) (10 ) Non-cash incentive compensation from Initial Stockholder 15 15 Share-based compensation expense, net of forfeitures 1 1 Other (13 ) (9 ) Cash flows due to changes in: Other assets and other liabilities 23 23 Insurance claims and policyholder liabilities 22 22 Taxes receivable and payable (29 ) (29 ) Other, net (1 ) (1 ) Net cash provided by operating activities 422 421 Cash flows from investing activities Net principal collections (originations) of finance receivables held for investment and held for sale (552 ) (552 ) Proceeds on sales of finance receivables held for sale originated as held for investment 88 88 Cash advances on intercompany notes receivables (147 ) (147 ) Principal collections on intercompany notes receivables 77 77 Available-for-sale securities purchased (382 ) (382 ) Trading and other securities purchased (1,457 ) (1,457 ) Available-for-sale securities called, sold, and matured 408 408 Trading and other securities called, sold, and matured 2,563 2,563 Change in restricted cash and cash equivalents (46 ) (46 ) Proceeds from sale of real estate owned 12 12 Other, net 1 1 Net cash provided by investing activities 565 565 Cash flows from financing activities Proceeds from issuance of long-term debt, net of commissions 1,929 1,929 Repayments of long-term debt (850 ) (850 ) Distributions to joint venture partners (59 ) (58 ) Net cash provided by financing activities 1,020 1,021 Net change in cash and cash equivalents 2,007 2,007 Cash and cash equivalents at beginning of period 749 749 Cash and cash equivalents at end of period $ 2,756 $ 2,756

Finance Receivables (Tables)

Finance Receivables (Tables)	9 Months Ended
Finance Receivables (Tables)	Sep. 30, 2016
Receivables [Abstract]
Schedule of components of net finance receivables by type	Components of net finance receivables held for investment by type were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Estate Loans Retail Total September 30, 2016 Gross receivables * $ 5,467 $ — $ 200 $ 14 $ 5,681 Unearned finance charges and points and fees (799 ) — — (1 ) (800 ) Accrued finance charges 61 — 1 — 62 Deferred origination costs 46 — — — 46 Total $ 4,775 $ — $ 201 $ 13 $ 4,989 December 31, 2015 Gross receivables * $ 5,028 $ 1,672 $ 534 $ 25 $ 7,259 Unearned finance charges and points and fees (833 ) — — (2 ) (835 ) Accrued finance charges 60 31 4 — 95 Deferred origination costs 45 — — — 45 Total $ 4,300 $ 1,703 $ 538 $ 23 $ 6,564 * Gross receivables are defined as follows: • Finance receivables purchased as a performing receivable — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; additionally, the remaining unearned discount, net of premium established at the time of purchase, is included in both interest bearing and precompute accounts to reflect the finance receivable balance at its initial fair value; • Finance receivables originated subsequent to the Fortress Acquisition — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; • Purchased credit impaired finance receivables — gross finance receivables equal the remaining estimated cash flows less the current balance of accretable yield on the purchased credit impaired accounts; and • TDR finance receivables — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; additionally, the remaining unearned discount, net of premium established at the time of purchase, is included in both interest bearing and precompute accounts previously purchased as a performing receivable.
Schedule of unused credit lines extended to customers by the Company	Unused lines of credit extended to customers by the Company were as follows: (dollars in millions) September 30, December 31, Personal loans $ 1 $ 2 SpringCastle Portfolio — 365 Real estate loans 10 30 Total $ 11 $ 397
Summary of net finance receivables by type and by days delinquent	The following is a summary of net finance receivables held for investment by type and by number of days delinquent: (dollars in millions) Personal SpringCastle Portfolio Real Estate Loans Retail Total September 30, 2016 Net finance receivables: Performing Current $ 4,546 $ — $ 152 $ 13 $ 4,711 30-59 days past due 78 — 14 — 92 60-89 days past due 51 — 7 — 58 Total performing 4,675 — 173 13 4,861 Nonperforming 90-119 days past due 38 — 3 — 41 120-149 days past due 31 — 3 — 34 150-179 days past due 28 — 2 — 30 180 days or more past due 3 — 20 — 23 Total nonperforming 100 — 28 — 128 Total $ 4,775 $ — $ 201 $ 13 $ 4,989 Total 60+ delinquent finance receivables $ 151 $ — $ 35 $ — $ 186 December 31, 2015 Net finance receivables: Performing Current $ 4,077 $ 1,588 $ 486 $ 22 $ 6,173 30-59 days past due 65 49 13 — 127 60-89 days past due 49 26 19 — 94 Total performing 4,191 1,663 518 22 6,394 Nonperforming 90-119 days past due 41 16 3 — 60 120-149 days past due 34 12 2 1 49 150-179 days past due 31 11 2 — 44 180 days or more past due 3 1 13 — 17 Total nonperforming 109 40 20 1 170 Total $ 4,300 $ 1,703 $ 538 $ 23 $ 6,564 Total 60+ delinquent finance receivables $ 158 $ 66 $ 39 $ 1 $ 264
Schedule of information regarding purchased credit impaired finance receivables	Information regarding our purchased credit impaired finance receivables held for investment and held for sale were as follows: (dollars in millions) SCP Loans FA Loans * Total September 30, 2016 Carrying amount, net of allowance $ — $ 72 $ 72 Outstanding balance — 109 109 Allowance for purchased credit impaired finance receivable losses — 8 8 December 31, 2015 Carrying amount, net of allowance $ 350 $ 89 $ 439 Outstanding balance 482 136 618 Allowance for purchased credit impaired finance receivable losses — 12 12 * Purchased credit impaired FA Loans held for sale included in the table above were as follows: (dollars in millions) FA Loans September 30, 2016 Carrying amount $ 56 Outstanding balance 85 December 31, 2015 Carrying amount $ 59 Outstanding balance 89
Purchased credit impaired FA Loans held for sale	Purchased credit impaired FA Loans held for sale included in the table above were as follows: (dollars in millions) FA Loans September 30, 2016 Carrying amount $ 56 Outstanding balance 85 December 31, 2015 Carrying amount $ 59 Outstanding balance 89
Schedule of changes in accretable yield for purchased credit impaired finance receivables	Changes in accretable yield for purchased credit impaired finance receivables held for investment and held for sale were as follows: (dollars in millions) SCP Loans FA Loans Total Three Months Ended September 30, 2016 Balance at beginning of period $ — $ 61 $ 61 Accretion (a) — (1 ) (1 ) Reclassifications from nonaccretable difference (b) — 8 8 Transfer due to finance receivables sold — (11 ) (11 ) Balance at end of period $ — $ 57 $ 57 Three Months Ended September 30, 2015 Balance at beginning of period $ 411 $ 53 $ 464 Accretion (a) (19 ) (2 ) (21 ) Reclassifications from nonaccretable difference (b) — 1 1 Balance at end of period $ 392 $ 52 $ 444 Nine Months Ended September 30, 2016 Balance at beginning of period $ 375 $ 66 $ 441 Accretion (a) (16 ) (5 ) (21 ) Reclassifications from nonaccretable difference (b) — 7 7 Transfer due to finance receivables sold (359 ) (11 ) (370 ) Balance at end of period $ — $ 57 $ 57 Nine Months Ended September 30, 2015 Balance at beginning of period $ 452 $ 54 $ 506 Accretion (a) (60 ) (6 ) (66 ) Reclassifications from nonaccretable difference (b) — 4 4 Balance at end of period $ 392 $ 52 $ 444 (a) Accretion on our purchased credit impaired FA Loans held for sale included in the table above were as follows: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Accretion $ 2 $ 1 $ 4 $ 4 (b) Reclassifications from nonaccretable difference represents the increases in accretable yield resulting from higher estimated undiscounted cash flows.
Accretion on purchased credit impaired FA Loans held for sale	Accretion on our purchased credit impaired FA Loans held for sale included in the table above were as follows: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Accretion $ 2 $ 1 $ 4 $ 4
Schedule of information regarding troubled debt restructured ("TDR") finance receivables	Information regarding TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans (a) SpringCastle Portfolio Real Estate Total September 30, 2016 TDR gross finance receivables (b) $ 36 $ — $ 137 $ 173 TDR net finance receivables 36 — 138 174 Allowance for TDR finance receivable losses 13 — 11 24 December 31, 2015 TDR gross finance receivables (b) $ 32 $ 14 $ 200 $ 246 TDR net finance receivables 31 13 201 245 Allowance for TDR finance receivable losses 9 4 34 47 (a) TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Personal Loans Real Estate Loans Total September 30, 2016 TDR gross finance receivables $ — $ 90 $ 90 TDR net finance receivables — 90 90 December 31, 2015 TDR gross finance receivables $ 2 $ 92 $ 94 TDR net finance receivables 2 92 94 (b) As defined earlier in this Note.
TDR finance receivables held for sale	TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Personal Loans Real Estate Loans Total September 30, 2016 TDR gross finance receivables $ — $ 90 $ 90 TDR net finance receivables — 90 90 December 31, 2015 TDR gross finance receivables $ 2 $ 92 $ 94 TDR net finance receivables 2 92 94
TDR average net receivables held for investment and held for sale and finance charges recognized on TDR finance receivables held for investment and held for sale	TDR average net receivables held for investment and held for sale and finance charges recognized on TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans * SpringCastle Portfolio Real Estate Loans * Total Three Months Ended September 30, 2016 TDR average net receivables $ 35 $ — $ 159 $ 194 TDR finance charges recognized — — 3 3 Three Months Ended September 30, 2015 TDR average net receivables $ 30 $ 12 $ 199 $ 241 TDR finance charges recognized — 1 2 3 Nine Months Ended September 30, 2016 TDR average net receivables $ 34 $ — $ 187 $ 221 TDR finance charges recognized 2 — 9 11 Nine Months Ended September 30, 2015 TDR average net receivables $ 28 $ 12 $ 197 $ 237 TDR finance charges recognized 2 1 8 11 * TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Personal Real Estate Loans Total Three Months Ended September 30, 2016 TDR average net receivables $ — $ 112 $ 112 TDR finance charges recognized — 2 2 Three Months Ended September 30, 2015 TDR average net receivables $ — $ 92 $ 92 TDR finance charges recognized — 2 2 Nine Months Ended September 30, 2016 TDR average net receivables $ 1 $ 105 $ 106 TDR finance charges recognized — 5 5 Nine Months Ended September 30, 2015 TDR average net receivables $ — $ 91 $ 91 TDR finance charges recognized — 4 4
TDR average net receivables held for sale and finance charges recognized on TDR finance receivables held for sale	* TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Personal Real Estate Loans Total Three Months Ended September 30, 2016 TDR average net receivables $ — $ 112 $ 112 TDR finance charges recognized — 2 2 Three Months Ended September 30, 2015 TDR average net receivables $ — $ 92 $ 92 TDR finance charges recognized — 2 2 Nine Months Ended September 30, 2016 TDR average net receivables $ 1 $ 105 $ 106 TDR finance charges recognized — 5 5 Nine Months Ended September 30, 2015 TDR average net receivables $ — $ 91 $ 91 TDR finance charges recognized — 4 4
Schedule of new volume of the TDR finance receivables held for investment and held for sale	Information regarding the new volume of the TDR finance receivables held for investment and held for sale were as follows: (dollars in millions) Personal Loans (a) SpringCastle Portfolio Real Estate Total Three Months Ended September 30, 2016 Pre-modification TDR net finance receivables $ 10 $ — $ 3 $ 13 Post-modification TDR net finance receivables: Rate reduction $ 5 $ — $ 3 $ 8 Other (b) 3 — 1 4 Total post-modification TDR net finance receivables $ 8 $ — $ 4 $ 12 Number of TDR accounts 1,702 — 86 1,788 Three Months Ended September 30, 2015 Pre-modification TDR net finance receivables $ 8 $ 1 $ 6 $ 15 Post-modification TDR net finance receivables: Rate reduction $ 3 $ 1 $ 3 $ 7 Other (b) 3 — 2 5 Total post-modification TDR net finance receivables $ 6 $ 1 $ 5 $ 12 Number of TDR accounts 1,545 142 95 1,782 Nine Months Ended September 30, 2016 Pre-modification TDR net finance receivables $ 28 $ 1 $ 13 $ 42 Post-modification TDR net finance receivables: Rate reduction $ 16 $ 1 $ 11 $ 28 Other (b) 8 — 3 11 Total post-modification TDR net finance receivables $ 24 $ 1 $ 14 $ 39 Number of TDR accounts 5,251 157 291 5,699 Nine Months Ended September 30, 2015 Pre-modification TDR net finance receivables $ 24 $ 5 $ 16 $ 45 Post-modification TDR net finance receivables: Rate reduction $ 11 $ 5 $ 12 $ 28 Other (b) 9 — 4 13 Total post-modification TDR net finance receivables $ 20 $ 5 $ 16 $ 41 Number of TDR accounts 4,860 550 272 5,682 (a) TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Personal Loans Real Estate Loans Total Three Months Ended September 30, 2016 Pre-modification TDR net finance receivables $ — $ 1 $ 1 Post-modification TDR net finance receivables $ — $ 2 $ 2 Number of TDR accounts — 39 39 Three Months Ended September 30, 2015 Pre-modification TDR net finance receivables * $ — $ 1 $ 1 Post-modification TDR net finance receivables * $ — $ 2 $ 2 Number of TDR accounts 50 33 83 Nine Months Ended September 30, 2016 Pre-modification TDR net finance receivables * $ — $ 3 $ 3 Post-modification TDR net finance receivables * $ — $ 4 $ 4 Number of TDR accounts 174 90 264 Nine Months Ended September 30, 2015 Pre-modification TDR net finance receivables * $ — $ 4 $ 4 Post-modification TDR net finance receivables * $ — $ 5 $ 5 Number of TDR accounts 50 77 127 * Pre- and post-modification TDR personal loans held for sale for the nine months ended September 30, 2016 and the three and nine months ended September 30, 2015 were less than $1 million and, therefore, are not quantified in the table above. (b) “Other” modifications primarily include forgiveness of principal or interest.
New volume of the TDR finance receivables held for sale	TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Personal Loans Real Estate Loans Total Three Months Ended September 30, 2016 Pre-modification TDR net finance receivables $ — $ 1 $ 1 Post-modification TDR net finance receivables $ — $ 2 $ 2 Number of TDR accounts — 39 39 Three Months Ended September 30, 2015 Pre-modification TDR net finance receivables * $ — $ 1 $ 1 Post-modification TDR net finance receivables * $ — $ 2 $ 2 Number of TDR accounts 50 33 83 Nine Months Ended September 30, 2016 Pre-modification TDR net finance receivables * $ — $ 3 $ 3 Post-modification TDR net finance receivables * $ — $ 4 $ 4 Number of TDR accounts 174 90 264 Nine Months Ended September 30, 2015 Pre-modification TDR net finance receivables * $ — $ 4 $ 4 Post-modification TDR net finance receivables * $ — $ 5 $ 5 Number of TDR accounts 50 77 127 * Pre- and post-modification TDR personal loans held for sale for the nine months ended September 30, 2016 and the three and nine months ended September 30, 2015 were less than $1 million and, therefore, are not quantified in the table above.
Net finance receivables that were modified as TDR finance receivables defaulted within the previous 12 months nonperforming	Net finance receivables held for investment and held for sale that were modified as TDR finance receivables within the previous 12 months and for which there was a default during the period to cause the TDR finance receivables to be considered nonperforming (90 days or more past due) were as follows: (dollars in millions) Personal Loans SpringCastle Portfolio Real Estate Total Three Months Ended September 30, 2016 TDR net finance receivables (b) $ 1 $ — $ 1 $ 2 Number of TDR accounts 355 — 13 368 Three Months Ended September 30, 2015 TDR net finance receivables (b) (c) $ 1 $ — $ 1 $ 2 Number of TDR accounts 342 26 9 377 Nine Months Ended September 30, 2016 TDR net finance receivables (b) (c) $ 4 $ — $ 3 $ 7 Number of TDR accounts 1,030 19 52 1,101 Nine Months Ended September 30, 2015 TDR net finance receivables (b) $ 3 $ 1 $ 2 $ 6 Number of TDR accounts 855 122 35 1,012 (a) TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Real Estate Loans Three Months Ended September 30, 2016 TDR net finance receivables * $ — Number of TDR accounts 4 Three Months Ended September 30, 2015 TDR net finance receivables * $ — Number of TDR accounts 1 Nine Months Ended September 30, 2016 TDR net finance receivables $ 1 Number of TDR accounts 25 Nine Months Ended September 30, 2015 TDR net finance receivables $ 1 Number of TDR accounts 14 * TDR real estate loans held for sale for the three months ended September 30, 2016 and 2015 that defaulted during the previous 12-month period were less than $1 million and, therefore, are not quantified in the combined table above. (b) Represents the corresponding balance of TDR net finance receivables at the end of the month in which they defaulted. (c) TDR SpringCastle Portfolio loans for the nine months ended September 30, 2016 and the three months ended September 30, 2015 that defaulted during the previous 12-month period were less than $ 1 million and, therefore, are not quantified in the combined table above
TDR HFS that defaulted during the previously 12-month period	TDR finance receivables held for sale included in the table above were as follows: (dollars in millions) Real Estate Loans Three Months Ended September 30, 2016 TDR net finance receivables * $ — Number of TDR accounts 4 Three Months Ended September 30, 2015 TDR net finance receivables * $ — Number of TDR accounts 1 Nine Months Ended September 30, 2016 TDR net finance receivables $ 1 Number of TDR accounts 25 Nine Months Ended September 30, 2015 TDR net finance receivables $ 1 Number of TDR accounts 14 * TDR real estate loans held for sale for the three months ended September 30, 2016 and 2015 that defaulted during the previous 12-month period were less than $1 million and, therefore, are not quantified in the combined table above

Allowance for Finance Receiva28

Allowance for Finance Receivable Losses (Tables)	9 Months Ended
Allowance for Finance Receivable Losses (Tables)	Sep. 30, 2016
Receivables [Abstract]
Schedule of changes in the allowance for finance receivable losses by finance receivable type	Changes in the allowance for finance receivable losses by finance receivable type were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Estate Loans Retail Consolidated Total Three Months Ended September 30, 2016 Balance at beginning of period $ 176 $ — $ 20 $ 1 $ 197 Provision for finance receivable losses 85 — 2 — 87 Charge-offs (79 ) — (4 ) — (83 ) Recoveries 12 — 1 — 13 Balance at end of period $ 194 $ — $ 19 $ 1 $ 214 Three Months Ended September 30, 2015 Balance at beginning of period $ 139 $ 3 $ 41 $ 1 $ 184 Provision for finance receivable losses 60 16 2 — 78 Charge-offs (57 ) (18 ) (4 ) — (79 ) Recoveries 10 3 2 — 15 Other (a) (1 ) — — — (1 ) Balance at end of period $ 151 $ 4 $ 41 $ 1 $ 197 Nine Months Ended September 30, 2016 Balance at beginning of period $ 173 $ 4 $ 46 $ 1 $ 224 Provision for finance receivable losses 241 14 8 — 263 Charge-offs (253 ) (17 ) (10 ) (1 ) (281 ) Recoveries 33 3 4 1 41 Other (b) — (4 ) (29 ) — (33 ) Balance at end of period $ 194 $ — $ 19 $ 1 $ 214 Nine Months Ended September 30, 2015 Balance at beginning of period $ 130 $ 3 $ 46 $ 1 $ 180 Provision for finance receivable losses 170 53 6 1 230 Charge-offs (176 ) (61 ) (15 ) (2 ) (254 ) Recoveries 28 9 4 1 42 Other (a) (1 ) — — — (1 ) Balance at end of period $ 151 $ 4 $ 41 $ 1 $ 197 (a) Other consists of the elimination of allowance for finance receivable losses due to the transfer of personal loans held for investment to finance receivable held for sale on September 30, 2015. (b) Other consists of: • the elimination of allowance for finance receivable losses due to the sale of the SpringCastle Portfolio on March 31, 2016, in connection with the sale of our equity interest in the SpringCastle Joint Venture. See Note 2 for further information on this sale; and • the elimination of allowance for finance receivable losses due to the transfer of real estate loans held for investment to finance receivable held for sale on June 30, 2016.
Schedule of allowance for finance receivable losses and net finance receivables by type and by impairment method	The allowance for finance receivable losses and net finance receivables by type and by impairment method were as follows: (dollars in millions) Personal SpringCastle Portfolio Real Estate Loans Retail Total September 30, 2016 Allowance for finance receivable losses: Collectively evaluated for impairment $ 181 $ — $ — $ 1 $ 182 Purchased credit impaired finance receivables — — 8 — 8 TDR finance receivables 13 — 11 — 24 Total $ 194 $ — $ 19 $ 1 $ 214 Finance receivables: Collectively evaluated for impairment $ 4,739 $ — $ 129 $ 13 $ 4,881 Purchased credit impaired finance receivables — — 24 — 24 TDR finance receivables 36 — 48 — 84 Total $ 4,775 $ — $ 201 $ 13 $ 4,989 Allowance for finance receivable losses as a percentage of finance receivables 4.06 % — % 9.96 % 3.55 % 4.30 % December 31, 2015 Allowance for finance receivable losses: Collectively evaluated for impairment $ 164 $ — $ — $ 1 $ 165 Purchased credit impaired finance receivables — — 12 — 12 TDR finance receivables 9 4 34 — 47 Total $ 173 $ 4 $ 46 $ 1 $ 224 Finance receivables: Collectively evaluated for impairment $ 4,271 $ 1,340 $ 387 $ 23 $ 6,021 Purchased credit impaired finance receivables — 350 42 — 392 TDR finance receivables 29 13 109 — 151 Total $ 4,300 $ 1,703 $ 538 $ 23 $ 6,564 Allowance for finance receivable losses as a percentage of finance receivables 4.01 % 0.25 % 8.72 % 3.46 % 3.42 %

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
Investment Securities (Tables)	Sep. 30, 2016
Investment securities
Schedule of the cost/amortized cost, unrealized gains and losses, and fair value of available-for-sale securities by type	Cost/amortized cost, unrealized gains and losses, and fair value of available-for-sale securities by type were as follows: (dollars in millions) Cost/ Amortized Cost Unrealized Gains Unrealized Losses Fair Value September 30, 2016 Fixed maturity available-for-sale securities: Bonds U.S. government and government sponsored entities $ 14 $ 1 $ — $ 15 Obligations of states, municipalities, and political subdivisions 77 2 — 79 Non-U.S. government and government sponsored entities 2 — — 2 Corporate debt 347 8 (1 ) 354 Mortgage-backed, asset-backed, and collateralized: Residential mortgage-backed securities (“RMBS”) 37 — — 37 Commercial mortgage-backed securities (“CMBS”) 37 1 — 38 Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”) 36 — — 36 Total bonds 550 12 (1 ) 561 Preferred stock (a) 6 — — 6 Other long-term investments 1 — — 1 Total (b) $ 557 $ 12 $ (1 ) $ 568 December 31, 2015 Fixed maturity available-for-sale securities: Bonds U.S. government and government sponsored entities $ 83 $ — $ (1 ) $ 82 Obligations of states, municipalities, and political subdivisions 88 1 — 89 Corporate debt 278 2 (13 ) 267 Mortgage-backed, asset-backed, and collateralized: RMBS 74 — — 74 CMBS 44 — — 44 CDO/ABS 30 — (1 ) 29 Total bonds 597 3 (15 ) 585 Preferred stock (a) 6 — (1 ) 5 Other long-term investments 1 — — 1 Total (b) $ 604 $ 3 $ (16 ) $ 591 (a) The Company employs an income equity strategy targeting investments in stocks with strong current dividend yields. Stocks included have a history of stable or increasing dividend payments. (b) Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at September 30, 2016 and December 31, 2015 , which is classified as a restricted investment and carried at cost.
Schedule of fair value and unrealized losses on investment securities by type and length of time in a continuous unrealized loss position	Fair value and unrealized losses on available-for-sale securities by type and length of time in a continuous unrealized loss position were as follows: Less Than 12 Months 12 Months or Longer Total (dollars in millions) Fair Value Unrealized Losses * Fair Value Unrealized Losses * Fair Value Unrealized Losses September 30, 2016 Bonds: U.S. government and government sponsored entities $ 1 $ — $ — $ — $ 1 $ — Obligations of states, municipalities, and political subdivisions 17 — 2 — 19 — Non-U.S. government and government sponsored entities 2 — — — 2 — Corporate debt 49 — 10 (1 ) 59 (1 ) RMBS 14 — — — 14 — CMBS 15 — — — 15 — CDO/ABS 2 — — — 2 — Total bonds 100 — 12 (1 ) 112 (1 ) Preferred stock — — 6 — 6 — Other long-term investments — — 1 — 1 — Total $ 100 $ — $ 19 $ (1 ) $ 119 $ (1 ) December 31, 2015 Bonds: U.S. government and government sponsored entities $ 76 $ (1 ) $ — $ — $ 76 $ (1 ) Obligations of states, municipalities, and political subdivisions 36 — 2 — 38 — Corporate debt 189 (13 ) 7 — 196 (13 ) RMBS 68 — — — 68 — CMBS 36 — 5 — 41 — CDO/ABS 29 (1 ) — — 29 (1 ) Total bonds 434 (15 ) 14 — 448 (15 ) Preferred stock — — 6 (1 ) 6 (1 ) Other long-term investments 1 — — — 1 — Total $ 435 $ (15 ) $ 20 $ (1 ) $ 455 $ (16 ) * Unrealized losses on certain available-for-sale securities were less than $1 million and, therefore, are not quantified in the table above.
Other than temporary impairment, credit losses recognized in earnings	Changes in the cumulative amount of credit losses (recognized in earnings) on other-than-temporarily impaired available-for-sale securities were as follows: (dollars in millions) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Balance at beginning of period $ — $ 1 $ 1 $ 1 Reductions: Realized due to dispositions with no prior intention to sell — — 1 — Balance at end of period $ — $ 1 $ — $ 1
Schedule of realized gains, realized losses, and net realized gains due to sale or redemption of fair values of available-for-sale securities	The proceeds of available-for-sale securities sold or redeemed and the resulting realized gains, realized losses, and net realized gains were as follows: (dollars in millions) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Proceeds from sales and redemptions $ 42 $ 168 $ 235 $ 372 Realized gains $ 1 $ 4 $ 5 $ 15 Realized losses — — — (1 ) Net realized gains $ 1 $ 4 $ 5 $ 14
Schedule of contractual maturities of fixed-maturity available-for-sale securities	Contractual maturities of fixed-maturity available-for-sale securities at September 30, 2016 were as follows: (dollars in millions) Fair Value Amortized Cost Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities: Due in 1 year or less $ 54 $ 55 Due after 1 year through 5 years 215 213 Due after 5 years through 10 years 36 34 Due after 10 years 145 138 Mortgage-backed, asset-backed, and collateralized securities 111 110 Total $ 561 $ 550
Schedule of fair value of trading securities by type	The fair value of trading and other securities by type was as follows: (dollars in millions) September 30, December 31, Fixed maturity trading and other securities: Bonds Corporate debt $ 2 $ 10 Mortgage-backed, asset-backed, and collateralized: CMBS 2 2 Total * $ 4 $ 12 * The fair value of other securities, which we have elected the fair value option, totaled $4 million at September 30, 2016 and $2 million at December 31, 2015 .
Schedule of net unrealized and realized gains (losses) on trading securities	The net unrealized and realized gains (losses) on our trading and other securities, which we report in investment revenues, were as follows: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Net unrealized gains (losses) on trading and other securities held at period end $ (1 ) $ (1 ) $ — $ 3 Net realized gains (losses) on trading and other securities sold or redeemed 1 (1 ) 1 (2 ) Total $ — $ (2 ) $ 1 $ 1

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
Long-term Debt (Tables)	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule of principal maturities of long-term debt by type of debt	Principal maturities of long-term debt (excluding projected repayments on securitizations and revolving conduit facilities by period) by type of debt at September 30, 2016 were as follows: Senior Debt (dollars in millions) Securitizations Medium Term Notes Junior Subordinated Debt Total Interest rates (a) 2.04% - 6.50% 5.25% - 8.25% 6.00 % Fourth quarter 2016 $ — $ — $ — $ — First quarter 2017 — — — — Second quarter 2017 — — — — Third quarter 2017 — 257 — 257 Fourth quarter 2017 — 1,032 — 1,032 2018 — — — — 2019 — 700 — 700 2020 — 1,300 — 1,300 2021-2067 — 950 350 1,300 Securitizations (b) 2,410 — — 2,410 Total principal maturities $ 2,410 $ 4,239 $ 350 $ 6,999 Total carrying amount $ 2,400 $ 3,970 $ 172 $ 6,542 Debt issuance costs (c) $ (11 ) $ (15 ) $ — $ (26 ) (a) The interest rates shown are the range of contractual rates in effect at September 30, 2016 . (b) Securitizations are not included in above maturities by period due to their variable monthly repayments. At September 30, 2016 , there were no amounts drawn under our revolving conduit facilities. See Note 11 for further information on our long-term debt associated with securitizations and revolving conduit facilities. (c) Debt issuance costs are reported as a direct deduction from long-term debt, with the exception of debt issuance costs associated with our revolving conduit facilities, which totaled $9 million at September 30, 2016 and are reported in other assets

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
Variable Interest Entities (Tables)	Sep. 30, 2016
Variable Interest Entity [Abstract]
Schedule of carrying amounts of consolidated VIE assets and liabilities associated with securitization trusts	The carrying amounts of consolidated VIE assets and liabilities associated with our securitization trusts were as follows: (dollars in millions) September 30, December 31, Assets Cash and cash equivalents $ 2 $ 7 Finance receivables: Personal loans 2,603 3,621 SpringCastle Portfolio — 1,703 Allowance for finance receivable losses 103 128 Finance receivables held for sale — 435 Restricted cash and cash equivalents 166 282 Other assets 9 48 Liabilities Long-term debt $ 2,400 $ 5,513 Other liabilities 4 9
Schedule of line of credit facilities	As of September 30, 2016 , our borrowings under conduit facilities consisted of the following: (dollar in millions) Note Maximum Amount Revolving First Avenue Funding LLC (a) $ 250 $ — June 2018 Midbrook 2013-VFN1 Trust (b) 300 — February 2018 Mill River 2015-VFN1 Trust (c) 100 — May 2018 Second Avenue Funding LLC 250 — June 2018 Springleaf 2013-VFN1 Trust (d) 850 — January 2018 Sumner Brook 2013-VFN1 Trust 350 — January 2018 Whitford Brook 2014-VFN1 Trust (e) 250 — June 2018 Total $ 2,350 $ — (a) First Avenue Funding LLC. On June 30, 2016, we amended the note purchase agreement with the First Avenue Funding LLC (“First Avenue”) to extend the revolving period ending in March 2018 to June 2018. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying direct auto loans and will be due and payable in full 12 months following the maturity of the last direct auto loan held by First Avenue. (b) Midbrook 2013-VFN1 Trust. On February 24, 2016, we amended the note purchase agreement with the Midbrook Funding Trust 2013-VFN1 to (i) extend the revolving period ending in June 2016 to February 2018 and (ii) decrease the maximum principal balance from $300 million to $250 million on February 24, 2017. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying personal loans and will be due and payable in the 36 th month following the end of the revolving period. (c) Mill River 2015-VFN1 Trust. On January 21, 2016, we amended the note purchase agreement with the Mill River 2015-VFN1 Trust to decrease the maximum principal balance from $400 million to $100 million . (d) Springleaf 2013-VFN1 Trust. On January 21, 2016, we amended the note purchase agreement with the Springleaf 2013-VFN1 Trust to (i) increase the maximum principal balance from $350 million to $850 million and (ii) extend the revolving period ending in April 2017 to January 2018, which may be extended to January 2019, subject to the satisfaction of customary conditions precedent. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying personal loans and will be due and payable in the 36 th month following the end of the revolving period. (e) Whitford Brook 2014-VFN1 Trust. On February 24, 2016, we amended the note purchase agreement with the Whitford Brook Funding Trust 2014-VFN1 (the “Whitford Brook 2014-VFN1 Trust”) to extend the revolving period ending in June 2017 to June 2018. Following the revolving period, the principal amount of the notes, if any, will be reduced as cash payments are received on the underlying personal loans and will be due and payable in the 12 th month following the end of the revolving period.

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of changes in accumulated other comprehensive income	Changes, net of tax, in accumulated other comprehensive income (loss) were as follows: (dollars in millions) Unrealized Gains (Losses) Available-for-Sale Securities Retirement Plan Liabilities Adjustments Foreign Currency Translation Adjustments Total Accumulated Other Comprehensive Income (Loss) Three Months Ended September 30, 2016 Balance at beginning of period $ 4 $ (19 ) $ 4 $ (11 ) Other comprehensive income (loss) before reclassifications 4 — — 4 Reclassification adjustments from accumulated other comprehensive income (loss) (1 ) — (5 ) (6 ) Balance at end of period $ 7 $ (19 ) $ (1 ) $ (13 ) Three Months Ended September 30, 2015 Balance at beginning of period $ 2 $ (13 ) $ 4 $ (7 ) Other comprehensive loss before reclassifications (2 ) — — (2 ) Reclassification adjustments from accumulated other comprehensive income (loss) (2 ) — — (2 ) Balance at end of period $ (2 ) $ (13 ) $ 4 $ (11 ) Nine Months Ended September 30, 2016 Balance at beginning of period $ (9 ) $ (19 ) $ 4 $ (24 ) Other comprehensive income (loss) before reclassifications 19 — — 19 Reclassification adjustments from accumulated other comprehensive income (loss) (3 ) — (5 ) (8 ) Balance at end of period $ 7 $ (19 ) $ (1 ) $ (13 ) Nine Months Ended September 30, 2015 Balance at beginning of period $ 12 $ (13 ) $ 4 $ 3 Other comprehensive loss before reclassifications (5 ) — — (5 ) Reclassification adjustments from accumulated other comprehensive income (loss) (9 ) — — (9 ) Balance at end of period $ (2 ) $ (13 ) $ 4 $ (11 )
Schedule of reclassification adjustments from accumulated other comprehensive income	Reclassification adjustments from accumulated other comprehensive income (loss) to the applicable line item on our condensed consolidated statements of operations were as follows: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Unrealized gains on investment securities: Reclassification from accumulated other comprehensive income (loss) to investment revenues, before taxes $ 2 $ 4 $ 5 $ 14 Income tax effect (1 ) (2 ) (2 ) (5 ) Reclassification from accumulated other comprehensive income (loss) to investment revenues, net of taxes 1 2 3 9 Unrealized gains on foreign currency translation adjustments: Reclassification from accumulated other comprehensive income (loss) to other revenues 5 — 5 — Total $ 6 $ 2 $ 8 $ 9

Contingencies (Tables)

Contingencies (Tables)	9 Months Ended
Contingencies (Tables)	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Finance Receivables Activity in Reserve for Sales Recourse Obligations	The activity in our reserve for sales recourse obligations primarily associated with the real estate loan sales during 2014 was as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in millions) 2016 2015 2016 2015 Balance at beginning of period $ 15 $ 18 $ 15 $ 24 Recourse losses — — — (5 ) Provision for recourse obligations, net of recoveries * (1 ) — (1 ) (1 ) Balance at end of period $ 14 $ 18 $ 14 $ 18 * Reflects the elimination of the reserve associated with other prior sales of finance receivables.

Benefit Plans (Tables)

Benefit Plans (Tables)	9 Months Ended
Benefit Plans (Tables)	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of components of net periodic benefit cost	The following table presents the components of net periodic benefit cost with respect to our defined benefit pension plans: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Components of net periodic benefit cost - pension plans: Interest cost $ 4 $ 4 $ 12 $ 12 Expected return on assets (5 ) (5 ) (13 ) (14 ) Net periodic benefit cost $ (1 ) $ (1 ) $ (1 ) $ (2 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of information about the Company's segments as well as reconciliations to condensed consolidated financial statement amounts	The following tables present information about the Company’s segments, as well as reconciliations to the condensed consolidated financial statement amounts. (dollars in millions) Consumer and Insurance Acquisitions and Servicing Real Other Segment to GAAP Adjustment Consolidated Three Months Ended Interest income $ 291 $ — $ 10 $ 1 $ 1 $ 303 Interest expense 105 — 8 1 21 135 Provision for finance receivable losses 84 — 1 — 2 87 Net interest income after provision for finance receivable losses 102 — 1 — (22 ) 81 Other revenues 53 — (12 ) 50 16 107 Other expenses 146 — 8 1 — 155 Income (loss) before provision for (benefit from) income taxes $ 9 $ — $ (19 ) $ 49 $ (6 ) $ 33 Three Months Ended Interest income $ 289 $ 112 $ 17 $ 1 $ 3 $ 422 Interest expense 43 22 58 16 32 171 Provision for finance receivable losses 62 16 (4 ) — 4 78 Net interest income (loss) after provision for finance receivable losses 184 74 (37 ) (15 ) (33 ) 173 Other revenues 55 — (2 ) 4 (8 ) 49 Other expenses 157 14 8 2 1 182 Income (loss) before provision for (benefit from) income taxes 82 60 (47 ) (13 ) (42 ) 40 Income before provision for income taxes attributable to non-controlling interests — 32 — — — 32 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation $ 82 $ 28 $ (47 ) $ (13 ) $ (42 ) $ 8 (dollars in millions) Consumer and Insurance Acquisitions and Servicing Real Estate Other Eliminations Segment to GAAP Adjustment Consolidated Total At or for the Nine Months Ended Interest income $ 897 $ 102 $ 40 $ 3 $ — $ 5 $ 1,047 Interest expense 299 20 35 8 — 67 429 Provision for finance receivable losses 240 14 5 — — 4 263 Net interest income (loss) after provision for finance receivable losses 358 68 — (5 ) — (66 ) 355 Net gain on sale of SpringCastle interests — 167 — — — — 167 Other revenues (a) 169 — (30 ) 152 — 11 302 Other expenses 487 15 22 — — (1 ) 523 Income (loss) before provision for (benefit from) income taxes 40 220 (52 ) 147 — (54 ) 301 Income before provision for income taxes attributable to non-controlling interests — 28 — — — — 28 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation $ 40 $ 192 $ (52 ) $ 147 $ — $ (54 ) $ 273 Assets $ 5,529 $ — $ 371 $ 3,698 $ — $ (91 ) $ 9,507 At or for the Nine Months Ended Interest income $ 810 $ 350 $ 52 $ 6 $ — $ 9 $ 1,227 Interest expense 119 67 177 48 (5 ) 94 500 Provision for finance receivable losses 170 53 (7 ) 1 — 13 230 Net interest income (loss) after provision for finance receivable losses 521 230 (118 ) (43 ) 5 (98 ) 497 Other revenues 161 5 4 10 (5 ) (13 ) 162 Other expenses 448 45 24 17 — 3 537 Income (loss) before provision for (benefit from) income taxes 234 190 (138 ) (50 ) — (114 ) 122 Income before provision for income taxes attributable to non-controlling interests — 98 — — — — 98 Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation $ 234 $ 92 $ (138 ) $ (50 ) $ — $ (114 ) $ 24 Assets (b) $ 5,388 $ 1,872 $ 3,551 $ 1,471 $ — $ (19 ) $ 12,263 (a) Other revenues reported in “Other” primarily includes interest income on the Cash Services Note (previously referred to as the “Independence Demand Note”) and on SFC’s note receivable from SFI. See Note 9 for further information on the notes receivable from parent and affiliates. (b) In connection with our policy integration with OneMain, we report unearned insurance premium and claim reserves related to finance receivables (previously reported in insurance claims and policyholder liabilities) as a contra-asset to net finance receivables, which totaled $240 million at September 30, 2015 .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2016
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 summarizes the fair values and carrying values of our financial instruments and indicates the fair value hierarchy based on the level of inputs we utilized to determine such fair values: Fair Value Measurements Using Total Total (dollars in millions) Level 1 Level 2 Level 3 September 30, 2016 Assets Cash and cash equivalents $ 233 $ 39 $ — $ 272 $ 272 Investment securities — 571 2 573 573 Net finance receivables, less allowance for finance receivable losses — — 5,149 5,149 4,775 Finance receivables held for sale — — 166 166 166 Notes receivable from parent and affiliates — 3,482 — 3,482 3,482 Restricted cash and cash equivalents 176 — — 176 176 Other assets: Commercial mortgage loans — — 45 45 45 Escrow advance receivable — — 9 9 9 Receivables from parent and affiliates — 40 — 40 40 Receivables related to sales of real estate loans and related trust assets — 1 — 1 5 Liabilities Long-term debt $ — $ 7,038 $ — $ 7,038 $ 6,542 Payables to parent and affiliates — 14 — 14 14 December 31, 2015 Assets Cash and cash equivalents $ 321 $ — $ — $ 321 $ 321 Investment securities — 602 2 604 604 Net finance receivables, less allowance for finance receivable losses — — 6,897 6,897 6,340 Finance receivables held for sale — — 819 819 793 Notes receivable from parent and affiliates — 3,804 — 3,804 3,804 Restricted cash and cash equivalents 295 — — 295 295 Other assets: Commercial mortgage loans — — 62 62 62 Escrow advance receivable — — 11 11 11 Receivables from parent and affiliates — 9 — 9 9 Receivables related to sales of real estate loans and related trust assets — 1 — 1 5 Liabilities Long-term debt $ — $ 9,998 $ — $ 9,998 $ 9,582 Payables to parent and affiliates — 24 — 24 24
Schedule of information about assets and liabilities measured at fair value on a recurring basis and the fair value hierarchy based on the levels of inputs utilized to determine such fair value	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 September 30, 2016 Assets Cash equivalents in mutual funds $ 123 $ — $ — $ 123 Cash equivalents securities — 39 — 39 Investment securities: Available-for-sale securities Bonds: U.S. government and government sponsored entities — 15 — 15 Obligations of states, municipalities, and political subdivisions — 79 — 79 Non-U.S. government and government sponsored entities — 2 — 2 Corporate debt — 354 — 354 RMBS — 37 — 37 CMBS — 38 — 38 CDO/ABS — 36 — 36 Total bonds — 561 — 561 Preferred stock — 6 — 6 Other long-term investments — — 1 1 Total available-for-sale securities * — 567 1 568 Other securities Bonds: Corporate debt — 2 — 2 CMBS — 2 — 2 Total other securities — 4 — 4 Total investment securities — 571 1 572 Restricted cash in mutual funds 163 — — 163 Total $ 286 $ 610 $ 1 $ 897 * Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at September 30, 2016 , which is carried at cost. Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2015 Assets Cash equivalents in mutual funds $ 224 $ — $ — $ 224 Investment securities: Available-for-sale securities Bonds: U.S. government and government sponsored entities — 82 — 82 Obligations of states, municipalities, and political subdivisions — 89 — 89 Corporate debt — 267 — 267 RMBS — 74 — 74 CMBS — 44 — 44 CDO/ABS — 29 — 29 Total bonds — 585 — 585 Preferred stock — 5 — 5 Other long-term investments — — 1 1 Total available-for-sale securities (a) — 590 1 591 Trading and other securities Bonds: Corporate debt — 10 — 10 CMBS — 2 — 2 Total trading and other securities (b) — 12 — 12 Total investment securities — 602 1 603 Restricted cash in mutual funds 276 — — 276 Total $ 500 $ 602 $ 1 $ 1,103 (a) Excludes an immaterial interest in a limited partnership that we account for using the equity method and Federal Home Loan Bank common stock of $1 million at December 31, 2015 , which is carried at cost. (b) The fair value of other securities totaled $2 million at December 31, 2015 .
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents changes in Level 3 assets measured at fair value on a recurring basis: Net gains (losses) included in: Purchases, sales, issues, settlements (a) Transfers into Transfers (b) Balance Balance at beginning of period Other revenues Other comprehensive income (loss) (dollars in millions) Three Months Ended Investment securities: Available-for-sale securities Other long-term investments $ 1 $ — $ — $ — $ — $ — $ 1 Total $ 1 $ — $ — $ — $ — $ — $ 1 Three Months Ended Investment securities: Available-for-sale securities Preferred stock $ — $ — $ — $ 10 $ — $ — $ 10 Other long-term investments 1 — — — — — 1 Total $ 1 $ — $ — $ 10 $ — $ — $ 11 Nine Months Ended Investment securities: Available-for-sale securities Other long-term investments $ 1 $ — $ — $ — $ — $ — $ 1 Total $ 1 $ — $ — $ — $ — $ — $ 1 Nine Months Ended Investment securities: Available-for-sale securities Bonds: Corporate debt $ 4 $ — $ — $ (4 ) $ — $ — $ — CMBS 3 — — — — (3 ) — Total bonds 7 — — (4 ) — (3 ) — Preferred stock — — — 10 — — 10 Other long-term investments 1 — — — — — 1 Total $ 8 $ — $ — $ 6 $ — $ (3 ) $ 11 (a) The detail of purchases and settlements is presented in the table below: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Investment securities: Purchases Available-for-sale securities Preferred stock $ — $ 10 $ — $ 10 Settlements Available-for-sale securities Bonds: Corporate debt — — — (4 ) Total $ — $ 10 $ — $ 6 (b) During the nine months ended September 30, 2015 , we transferred CMBS securities totaling $3 million out of Level 3 primarily related to the greater observability of pricing inputs.
Quantitative information about Level 3 inputs for assets measured on a recurring basis	Quantitative information about Level 3 inputs for our assets measured at fair value on a recurring basis for which information about the unobservable inputs was reasonably available to us at September 30, 2016 and December 31, 2015 is as follows: Range (Weighted Average) Valuation Technique(s) Unobservable Input September 30, 2016 December 31, 2015 RMBS Discounted cash flows Spread — 665 bps (a) Other long-term investments Discounted cash flows and indicative valuations Historical costs Nature of investment Local market conditions Comparables Operating performance Recent financing activity (b) (b) (a) At December 31, 2015 , RMBS consisted of one bond, which was less than $1 million . (b) We applied the third-party exception which allows us to omit certain quantitative disclosures about unobservable inputs for other long-term investments. As a result, the weighted average ranges of the inputs for these investment securities are not applicable.
Schedule of assets measured at fair value on a non-recurring basis on which impairment charges were recorded	Assets measured at fair value on a non-recurring basis on which we recorded impairment charges were as follows: Fair Value Measurements Using * (dollars in millions) Level 1 Level 2 Level 3 Total September 30, 2016 Assets Finance receivables held for sale $ — $ — $ 157 $ 157 Real estate owned — — 6 6 Commercial mortgage loans — — 3 3 Total $ — $ — $ 166 $ 166 December 31, 2015 Assets Real estate owned $ — $ — $ 11 $ 11 Commercial mortgage loans — — 8 8 Total $ — $ — $ 19 $ 19 * The fair value information presented in the table is as of the date the fair value adjustment was recorded.
Schedule of net impairment charges recorded on assets measured at fair value on a non-recurring basis	Net impairment charges recorded on assets measured at fair value on a non-recurring basis were as follows: (dollars in millions) Three Months Ended Nine Months Ended 2016 2015 2016 2015 Assets Finance receivables held for sale $ — $ — $ 5 $ — Real estate owned 1 1 2 3 Commercial mortgage loans (1 ) — — (2 ) Total $ — $ 1 $ 7 $ 1
Quantitative information about Level 3 inputs for assets measured on a nonrecurring basis	Quantitative information about Level 3 inputs for our assets measured at fair value on a non-recurring basis at September 30, 2016 and December 31, 2015 was as follows: Range (Weighted Average) Valuation Technique(s) Unobservable Input September 30, 2016 December 31, 2015 Finance receivables held for sale Income approach Market value for similar type loan transactions to obtain a price point * — Real estate owned Market approach Third-party valuation * * Commercial mortgage loans Market approach Income approach Cost approach Local market conditions Nature of investment Comparable property sales Operating performance * * * We applied the third-party exception which allows us to omit certain quantitative disclosures about unobservable inputs for the assets measured at fair value on a non-recurring basis included in the table above. As a result, the weighted average ranges of the inputs for these assets are not applicable.

Business and Basis of Present37

Business and Basis of Presentation (Details)	9 Months Ended
Business and Basis of Presentation (Details)	Sep. 30, 2016	Mar. 31, 2016
Related Party Transaction [Line Items]
Ownership percentage in joint venture		47.00%
Purchased credit impaired finance receivables, past due period	60 days
Corporate Joint Venture
Related Party Transaction [Line Items]
Ownership percentage in joint venture		47.00%
Majority Shareholder
Related Party Transaction [Line Items]
Percent of common stock held by related party	58.00%	58.00%

Business and Basis of Present38

Business and Basis of Presentation - Change in Accounting Policy (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Shareholder’s equity attributable to SFC	$ 2,304		$ 2,304		$ 2,111
Income before provision for income taxes	33	$ 40	301	$ 122
Net income		35		108
Net Income (Loss) attributable to Springleaf Finance Corporation	23	3	172	10
Derecognition of Purchased Credit Impaired Loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income before provision for income taxes			(56)
Net income			(34)
Net Income (Loss) attributable to Springleaf Finance Corporation	$ 1		$ (37)
As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income before provision for income taxes		43		117
Net income		36		103
Net Income (Loss) attributable to Springleaf Finance Corporation		$ 5		$ 10
Adjustments
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Shareholder’s equity attributable to SFC						$ 37

Business and Basis of Present39

Business and Basis of Presentation Change in Accounting Policy - Revised Condensed Consolidated Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Finance charges	$ 296	$ 417	$ 976	$ 1,214
Finance receivables held for sale originated as held for investment	7	5	71	13
Total interest income	303	422	1,047	1,227
Interest expense	135	171	429	500
Net interest income	168	251	618	727
Provision for finance receivable losses	87	78	263	230
Net interest income after provision for finance receivable losses	81	173	355	497
Other revenues:
Insurance	43	40	122	116
Investment	8	11	22	43
Interest income on notes receivable from parent and affiliates	56	5	158	11
Other	4	(7)	(2)	(8)
Total other revenues	107	49	469	162
Operating expenses:
Salaries and benefits	81	86	263	264
Other operating expenses	67	79	221	220
Insurance policy benefits and claims	7	17	39	53
Total other expenses	155	182	523	537
Income before provision for income taxes	33	40	301	122
Provision for (benefit from) income taxes	10	5	101	14
Net income		35		108
Net income attributable to non-controlling interests	0	32	28	98
Net income attributable to Springleaf Finance Corporation	$ 23	3	$ 172	10
As Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Finance charges		419		1,221
Finance receivables held for sale originated as held for investment		4		13
Total interest income		423		1,234
Interest expense		171		500
Net interest income		252		734
Provision for finance receivable losses		82		247
Net interest income after provision for finance receivable losses		170		487
Other revenues:
Insurance		40		116
Investment		11		43
Interest income on notes receivable from parent and affiliates		5		11
Other		(1)		(3)
Total other revenues		55		167
Operating expenses:
Salaries and benefits		86		264
Other operating expenses		79		220
Insurance policy benefits and claims		17		53
Total other expenses		182		537
Income before provision for income taxes		43		117
Provision for (benefit from) income taxes		7		14
Net income		36		103
Net income attributable to non-controlling interests		31		93
Net income attributable to Springleaf Finance Corporation		$ 5		$ 10

Business and Basis of Present40

Business and Basis of Presentation Change in Accounting Policy - Revised Consolidated Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income		$ 35		$ 108
Reconciling adjustments:
Provision for finance receivable losses	$ 87	78	$ 263	230
Depreciation and amortization			108	71
Deferred income tax benefit			(94)	(10)
Non-cash incentive compensation from Initial Stockholder			0	15
Share-based compensation expense, net of forfeitures			1	1
Other			6	(9)
Cash flows due to changes in:
Other assets and other liabilities			17	23
Insurance claims and policyholder liabilities			(21)	22
Taxes receivable and payable			95	(29)
Other, net			2	(1)
Net cash provided by operating activities			399	421
Cash flows from investing activities
Net principal collections (originations) of finance receivables held for investment and held for sale			(455)	(552)
Proceeds on sales of finance receivables held for sale originated as held for investment			871	88
Cash advances on intercompany notes receivables			(643)	(147)
Proceeds from repayments of principal and assignment of intercompany note receivables			887	77
Available-for-sale securities purchased			(218)	(382)
Trading and other securities purchased			(10)	(1,457)
Available-for-sale securities called, sold, and matured			291	408
Trading and other securities called, sold, and matured			18	2,563
Change in restricted cash and cash equivalents			42	(46)
Proceeds from sale of real estate owned			7	12
Other, net			6	1
Net cash provided by investing activities			897	565
Cash flows from financing activities
Proceeds from issuance of long-term debt, net of commissions			2,984	1,929
Repayments of long-term debt			(4,320)	(850)
Distributions to joint venture partners				(58)
Net cash provided by (used for) financing activities			(1,345)	1,021
Net change in cash and cash equivalents			(49)	2,007
Cash and cash equivalents at beginning of period			321	749
Cash and cash equivalents at end of period	$ 272	2,756	$ 272	2,756
As Reported
Cash flows from operating activities
Net income		36		103
Reconciling adjustments:
Provision for finance receivable losses		82		247
Depreciation and amortization				64
Deferred income tax benefit				(10)
Non-cash incentive compensation from Initial Stockholder				15
Share-based compensation expense, net of forfeitures				1
Other				(13)
Cash flows due to changes in:
Other assets and other liabilities				23
Insurance claims and policyholder liabilities				22
Taxes receivable and payable				(29)
Other, net				(1)
Net cash provided by operating activities				422
Cash flows from investing activities
Net principal collections (originations) of finance receivables held for investment and held for sale				(552)
Proceeds on sales of finance receivables held for sale originated as held for investment				88
Cash advances on intercompany notes receivables				(147)
Proceeds from repayments of principal and assignment of intercompany note receivables				77
Available-for-sale securities purchased				(382)
Trading and other securities purchased				(1,457)
Available-for-sale securities called, sold, and matured				408
Trading and other securities called, sold, and matured				2,563
Change in restricted cash and cash equivalents				(46)
Proceeds from sale of real estate owned				12
Other, net				1
Net cash provided by investing activities				565
Cash flows from financing activities
Proceeds from issuance of long-term debt, net of commissions				1,929
Repayments of long-term debt				(850)
Distributions to joint venture partners				(59)
Net cash provided by (used for) financing activities				1,020
Net change in cash and cash equivalents				2,007
Cash and cash equivalents at beginning of period				749
Cash and cash equivalents at end of period		$ 2,756		$ 2,756

Significant Transactions -- OMH

Significant Transactions -- OMH's Acquisition of OneMain Financial Holdings, Inc. (Details) - OneMain $ in Billions	Nov. 15, 2015USD ($)	Nov. 13, 2015statebranch
Business Acquisition [Line Items]
Payments to acquire business \| $	$ 4.5
Number of branches to be divested \| branch		127
Number of states which divested branches operate \| state		11

Significant Transactions -- Spr

Significant Transactions -- SpringCastle Interests Sale (Details) $ in Millions	Mar. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Mar. 30, 2016	Dec. 31, 2015USD ($)
Ownership percentage in joint venture	47.00%		47.00%
Net finance receivables		$ 4,989			$ 4,989			$ 6,564
Net gain on sale of SpringCastle interests	$ 167	$ 0	$ 167	$ 0	$ 167	$ 0
Majority Shareholder
Percent of common stock held by related party	58.00%	58.00%	58.00%		58.00%
SpringCastle Portfolio
Number of loans acquired, over								232,000
Net finance receivables		$ 0			$ 0			$ 1,703
SpringCastle Interests Sale
Ownership percentage in joint venture	47.00%		47.00%
Aggregate purchase price	$ 112		$ 112
Aggregate purchase price	101		101
Escrow advance receivable	$ 11		$ 11
Maximum number of years, the amount must be left in the escrow account	5 years
SpringCastle Interests Sale \| NRZ Consumer LLC
Ownership percentage in joint venture							30.00%
SpringCastle Interests Sale \| Blackstone Buyers
Ownership percentage in joint venture							23.00%

Significant Transactions -- SFC

Significant Transactions -- SFC's Offering of Senior Notes (Details) - Springleaf Finance Corporation $ in Millions	Apr. 11, 2016USD ($)
Senior Notes due 2017 \| Beneficial Owners of Debt \| Senior Notes due 2017
Debt Instrument [Line Items]
Repurchased debt amount	$ 600
Guaranty Agreements \| Senior Note 8.25%, due 2020
Debt Instrument [Line Items]
Face amount of each issuance of debt	$ 1,000
Interest rates (as a percent)	8.25%

Significant Transactions -- Len

Significant Transactions -- Lendmark Sale (Details) $ in Millions	Nov. 13, 2015	Nov. 12, 2015USD ($)branch	Sep. 30, 2016	May 02, 2016USD ($)	Apr. 01, 2016	Mar. 31, 2016USD ($)	Sep. 30, 2015USD ($)
Business Acquisition [Line Items]
Number of extensions					2
Number of Additional Months need in Extensions			3 months
Sale of Branches to Lendmark
Business Acquisition [Line Items]
Number of branches to be divested \| branch		127
Purchase price threshold, percent of aggregate unpaid loan balance		103.00%
Number of days to close	120 days
Aggregate sale price				$ 624
Sale of Branches to Lendmark \| Personal loans
Business Acquisition [Line Items]
Loans held for sale							$ 608
Personal loans sold						$ 600
Sale of Branches to Lendmark \| Maximum
Business Acquisition [Line Items]
Purchase price threshold for sale being subject to certain limitations		$ 695
OMFH revolving demand note, OneMain Acquisition closing \| OneMain Financial Holdings, Inc. \| Lendmark Sale
Business Acquisition [Line Items]
Principal payment				376
Accrued interest of debt				$ 6

Significant Transactions -- Rea

Significant Transactions -- Real Estate Loan Sale (Details) - Real Estate Sale $ in Millions	Aug. 03, 2016USD ($)
Finance Receivables
Aggregate sale price	$ 246
Gain (Loss) on Sale of Accounts Receivable	$ 4

Finance Receivables Narrative (

Finance Receivables Narrative (Details)	9 Months Ended
Finance Receivables Narrative (Details)	Sep. 30, 2016USD ($)loan	Mar. 31, 2016	Dec. 31, 2015USD ($)loan
Finance Receivables
Personal loans	$ 4,775,000,000		$ 4,300,000,000
Net finance receivables	4,989,000,000		6,564,000,000
Ownership percentage in joint venture		47.00%
Loans receivable held for sale	166,000,000		793,000,000
Commitments to lend additional funds	$ 0
Unlikely to be Collected Financing Receivable
Finance Receivables
Accrual of finance charges, past due period	60 days
Nonperforming
Finance Receivables
Accrual of finance charges, past due period	90 days
Corporate Joint Venture
Finance Receivables
Ownership percentage in joint venture		47.00%
Personal loans
Finance Receivables
Net finance receivables	$ 4,775,000,000		$ 4,300,000,000
Accrual of finance charges, past due period	90 days
Loans receivable held for sale	$ 617,000,000
Personal loans \| Minimum
Finance Receivables
Finance receivables original term	2 years
Personal loans \| Maximum
Finance Receivables
Finance receivables original term	5 years
Personal loans \| Consumer household goods or other items of personal property
Finance Receivables
Loans and Leases Receivable, Number of Loans \| loan	941,000		890,000
Real Estate Loan
Finance Receivables
Net finance receivables	$ 201,000,000		$ 538,000,000
Accrual of finance charges, past due period	90 days
Loans receivable held for sale			176,000,000
Real Estate Loan \| Maximum
Finance Receivables
Finance receivables original term	360 months
Retail Sales Finance
Finance Receivables
Net finance receivables	$ 13,000,000		23,000,000
Accrual of finance charges, past due period	180 days
Retail Sales Finance \| Maximum
Finance Receivables
Finance receivables original term	60 months
SpringCastle Portfolio
Finance Receivables
Net finance receivables	$ 0		1,703,000,000
Nonperforming
Finance Receivables
Net finance receivables	128,000,000		170,000,000
Nonperforming \| Personal loans
Finance Receivables
Net finance receivables	100,000,000		109,000,000
Nonperforming \| Real Estate Loan
Finance Receivables
Net finance receivables	28,000,000		20,000,000
Nonperforming \| Retail Sales Finance
Finance Receivables
Net finance receivables	$ 0		1,000,000
Accrual of finance charges, past due period	90 days
Nonperforming \| SpringCastle Portfolio
Finance Receivables
Net finance receivables	$ 0		$ 40,000,000

Finance Receivables - Component

Finance Receivables - Components of Net Finance Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Finance Receivables
Gross receivables	$ 5,681	$ 7,259
Unearned finance charges and points and fees	(800)	(835)
Accrued finance charges	62	95
Deferred origination costs	46	45
Net finance receivables	4,989	6,564
Personal loans
Finance Receivables
Gross receivables	5,467	5,028
Unearned finance charges and points and fees	(799)	(833)
Accrued finance charges	61	60
Deferred origination costs	46	45
Net finance receivables	4,775	4,300
SpringCastle Portfolio
Finance Receivables
Gross receivables	0	1,672
Unearned finance charges and points and fees	0	0
Accrued finance charges	0	31
Deferred origination costs	0	0
Net finance receivables	0	1,703
Real estate loans
Finance Receivables
Gross receivables	200	534
Unearned finance charges and points and fees	0	0
Accrued finance charges	1	4
Deferred origination costs	0	0
Net finance receivables	201	538
Retail Sales Finance
Finance Receivables
Gross receivables	14	25
Unearned finance charges and points and fees	(1)	(2)
Accrued finance charges	0	0
Deferred origination costs	0	0
Net finance receivables	$ 13	$ 23

Finance Receivables - Unused Li

Finance Receivables - Unused Lines of Credit (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Finance Receivables
Unused credit lines	$ 11	$ 397
Personal loans
Finance Receivables
Unused credit lines	1	2
SpringCastle Portfolio
Finance Receivables
Unused credit lines	0	365
Real estate loans
Finance Receivables
Unused credit lines	$ 10	$ 30

Finance Receivables - Net Finan

Finance Receivables - Net Finance Receivables by Type and Days Delinquent (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Net finance receivables:
Net finance receivables	$ 4,989	$ 6,564
Total 60 delinquent finance receivables	$ 186	264
Nonperforming
Delinquency by finance receivables type
Threshold Period Past Due for Write-off of Financing Receivable	90 days
Personal loans
Delinquency by finance receivables type
Threshold Period Past Due for Write-off of Financing Receivable	90 days
Net finance receivables:
Net finance receivables	$ 4,775	4,300
Total 60 delinquent finance receivables	151	158
SpringCastle Portfolio
Net finance receivables:
Net finance receivables	0	1,703
Total 60 delinquent finance receivables	$ 0	66
Real Estate Loan
Delinquency by finance receivables type
Threshold Period Past Due for Write-off of Financing Receivable	90 days
Net finance receivables:
Net finance receivables	$ 201	538
Total 60 delinquent finance receivables	$ 35	39
Retail Sales Finance
Delinquency by finance receivables type
Threshold Period Past Due for Write-off of Financing Receivable	180 days
Net finance receivables:
Net finance receivables	$ 13	23
Total 60 delinquent finance receivables	0	1
Performing
Net finance receivables:
Net finance receivables	4,861	6,394
Performing \| Current
Net finance receivables:
Net finance receivables	4,711	6,173
Performing \| 30-59 days past due
Net finance receivables:
Net finance receivables	92	127
Performing \| 60-89 days past due
Net finance receivables:
Net finance receivables	58	94
Performing \| Personal loans
Net finance receivables:
Net finance receivables	4,675	4,191
Performing \| Personal loans \| Current
Net finance receivables:
Net finance receivables	4,546	4,077
Performing \| Personal loans \| 30-59 days past due
Net finance receivables:
Net finance receivables	78	65
Performing \| Personal loans \| 60-89 days past due
Net finance receivables:
Net finance receivables	51	49
Performing \| SpringCastle Portfolio
Net finance receivables:
Net finance receivables	0	1,663
Performing \| SpringCastle Portfolio \| Current
Net finance receivables:
Net finance receivables	0	1,588
Performing \| SpringCastle Portfolio \| 30-59 days past due
Net finance receivables:
Net finance receivables	0	49
Performing \| SpringCastle Portfolio \| 60-89 days past due
Net finance receivables:
Net finance receivables	0	26
Performing \| Real Estate Loan
Net finance receivables:
Net finance receivables	173	518
Performing \| Real Estate Loan \| Current
Net finance receivables:
Net finance receivables	152	486
Performing \| Real Estate Loan \| 30-59 days past due
Net finance receivables:
Net finance receivables	14	13
Performing \| Real Estate Loan \| 60-89 days past due
Net finance receivables:
Net finance receivables	7	19
Performing \| Retail Sales Finance
Net finance receivables:
Net finance receivables	13	22
Performing \| Retail Sales Finance \| Current
Net finance receivables:
Net finance receivables	13	22
Performing \| Retail Sales Finance \| 30-59 days past due
Net finance receivables:
Net finance receivables	0	0
Performing \| Retail Sales Finance \| 60-89 days past due
Net finance receivables:
Net finance receivables	0	0
Nonperforming
Net finance receivables:
Net finance receivables	128	170
Nonperforming \| 90-119 days past due
Net finance receivables:
Net finance receivables	41	60
Nonperforming \| 120-149 days past due
Net finance receivables:
Net finance receivables	34	49
Nonperforming \| 150-179 days past due
Net finance receivables:
Net finance receivables	30	44
Nonperforming \| 180 days or more past due
Net finance receivables:
Net finance receivables	23	17
Nonperforming \| Personal loans
Net finance receivables:
Net finance receivables	100	109
Nonperforming \| Personal loans \| 90-119 days past due
Net finance receivables:
Net finance receivables	38	41
Nonperforming \| Personal loans \| 120-149 days past due
Net finance receivables:
Net finance receivables	31	34
Nonperforming \| Personal loans \| 150-179 days past due
Net finance receivables:
Net finance receivables	28	31
Nonperforming \| Personal loans \| 180 days or more past due
Net finance receivables:
Net finance receivables	3	3
Nonperforming \| SpringCastle Portfolio
Net finance receivables:
Net finance receivables	0	40
Nonperforming \| SpringCastle Portfolio \| 90-119 days past due
Net finance receivables:
Net finance receivables	0	16
Nonperforming \| SpringCastle Portfolio \| 120-149 days past due
Net finance receivables:
Net finance receivables	0	12
Nonperforming \| SpringCastle Portfolio \| 150-179 days past due
Net finance receivables:
Net finance receivables	0	11
Nonperforming \| SpringCastle Portfolio \| 180 days or more past due
Net finance receivables:
Net finance receivables	0	1
Nonperforming \| Real Estate Loan
Net finance receivables:
Net finance receivables	28	20
Nonperforming \| Real Estate Loan \| 90-119 days past due
Net finance receivables:
Net finance receivables	3	3
Nonperforming \| Real Estate Loan \| 120-149 days past due
Net finance receivables:
Net finance receivables	3	2
Nonperforming \| Real Estate Loan \| 150-179 days past due
Net finance receivables:
Net finance receivables	2	2
Nonperforming \| Real Estate Loan \| 180 days or more past due
Net finance receivables:
Net finance receivables	$ 20	13
Nonperforming \| Retail Sales Finance
Delinquency by finance receivables type
Threshold Period Past Due for Write-off of Financing Receivable	90 days
Net finance receivables:
Net finance receivables	$ 0	1
Nonperforming \| Retail Sales Finance \| 90-119 days past due
Net finance receivables:
Net finance receivables	0	0
Nonperforming \| Retail Sales Finance \| 120-149 days past due
Net finance receivables:
Net finance receivables	0	1
Nonperforming \| Retail Sales Finance \| 150-179 days past due
Net finance receivables:
Net finance receivables	0	0
Nonperforming \| Retail Sales Finance \| 180 days or more past due
Net finance receivables:
Net finance receivables	$ 0	$ 0

Finance Receivables - Purchased

Finance Receivables - Purchased Credit Impaired Finance Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Finance Receivables
Carrying amount, net of allowance	$ 72	$ 439
Outstanding balance	109	618
Purchased credit impaired finance receivables	8	12
SpringCastle Portfolio
Finance Receivables
Carrying amount, net of allowance	0	350
Outstanding balance	0	482
Purchased credit impaired finance receivables	0	0
Affiliates of Fortress or AIG
Finance Receivables
Carrying amount, net of allowance	72	89
Outstanding balance	109	136
Purchased credit impaired finance receivables	8	12
Carrying amount, net of allowance, held for sale	56	59
Outstanding balance, held for sale	$ 85	$ 89

Finance Receivables - Changes i

Finance Receivables - Changes in Accretable Yield for Purchased Credit Impaired Finance Receivables (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Changes in accretable yield for purchased credit impaired finance receivables
Balance at beginning of period	$ 61	$ 464	$ 441	$ 506
Accretion	(1)	(21)	(21)	(66)
Reclassifications to nonaccretable difference	8	1	7	4
Transfer due to finance receivables sold	(11)		(370)
Balance at end of period	57	444	57	444
SpringCastle Portfolio
Changes in accretable yield for purchased credit impaired finance receivables
Balance at beginning of period	0	411	375	452
Accretion	0	(19)	(16)	(60)
Reclassifications to nonaccretable difference	0	0	0	0
Transfer due to finance receivables sold	0		(359)
Balance at end of period	0	392	0	392
Affiliates of Fortress or AIG
Changes in accretable yield for purchased credit impaired finance receivables
Balance at beginning of period	61	53	66	54
Accretion	(1)	(2)	(5)	(6)
Reclassifications to nonaccretable difference	8	1	7	4
Transfer due to finance receivables sold	(11)		(11)
Balance at end of period	57	52	57	52
Finance Receivables Originated
Changes in accretable yield for purchased credit impaired finance receivables
Accretion on purchased credit impaired finance receivables held for sale	$ 2	$ 1	$ 4	$ 4

Finance Receivables - TDR Finan

Finance Receivables - TDR Finance Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables	$ 173	$ 246
TDR net finance receivables	174	245
Allowance for TDR finance receivable losses	24	47
TDR gross finance receivables, held-for-sale	90	94
TDR net finance receivables, held-for-sale	90	94
Personal loans
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables	36	32
TDR net finance receivables	36	31
Allowance for TDR finance receivable losses	13	9
TDR gross finance receivables, held-for-sale	0	2
TDR net finance receivables, held-for-sale	0	2
SpringCastle Portfolio
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables	0	14
TDR net finance receivables	0	13
Allowance for TDR finance receivable losses	0	4
Real Estate Loan
Financing Receivable, Modifications [Line Items]
TDR gross finance receivables	137	200
TDR net finance receivables	138	201
Allowance for TDR finance receivable losses	11	34
TDR gross finance receivables, held-for-sale	90	92
TDR net finance receivables, held-for-sale	$ 90	$ 92

Finance Receivables - TDR Avera

Finance Receivables - TDR Average Net Receivables and Finance Charges Recognized (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Modifications [Line Items]
TDR average net receivables, held-for-sale	$ 112	$ 92	$ 106	$ 91
TDR finance charges recognized, held-for-sale	2	2	5	4
Personal loans
Financing Receivable, Modifications [Line Items]
TDR average net receivables	35	30	34	28
TDR finance charges recognized	0	0	2	2
TDR average net receivables, held-for-sale	0	0	1	0
TDR finance charges recognized, held-for-sale	0	0	0	0
SpringCastle Portfolio
Financing Receivable, Modifications [Line Items]
TDR average net receivables	0	12	0	12
TDR finance charges recognized	0	1	0	1
Real Estate Loan
Financing Receivable, Modifications [Line Items]
TDR average net receivables	159	199	187	197
TDR finance charges recognized	3	2	9	8
TDR average net receivables, held-for-sale	112	92	105	91
TDR finance charges recognized, held-for-sale	2	2	5	4
Financing Receivable
Financing Receivable, Modifications [Line Items]
TDR average net receivables	194	241	221	237
TDR finance charges recognized	$ 3	$ 3	$ 11	$ 11

Finance Receivables - New Volum

Finance Receivables - New Volume of TDR Finance Receivables (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)account	Sep. 30, 2015USD ($)account	Sep. 30, 2016USD ($)account	Sep. 30, 2015USD ($)account
Financing Receivable, Modifications [Line Items]
Pre-modification TDR net finance receivables	$ 13	$ 15	$ 42	$ 45
Post-modification TDR net finance receivables:	$ 12	$ 12	$ 39	$ 41
Number of TDR accounts \| account	1,788	1,782	5,699	5,682
Pre-modification TDR net finance receivables, held-for-sale	$ 1	$ 1	$ 3	$ 4
Post-modification TDR net finance receivables, held-for-sale	$ 2	$ 2	$ 4	$ 5
Number of TDR accounts, held-for-sale \| account	39	83	264	127
Personal loans
Financing Receivable, Modifications [Line Items]
Pre-modification TDR net finance receivables	$ 10	$ 8	$ 28	$ 24
Post-modification TDR net finance receivables:	$ 8	$ 6	$ 24	$ 20
Number of TDR accounts \| account	1,702	1,545	5,251	4,860
Pre-modification TDR net finance receivables, held-for-sale	$ 0	$ 0	$ 0	$ 0
Post-modification TDR net finance receivables, held-for-sale	$ 0	$ 0	$ 0	$ 0
Number of TDR accounts, held-for-sale \| account	0	50	174	50
Personal loans \| Not qualified for disclosure, due to less than $1 million
Financing Receivable, Modifications [Line Items]
Pre-modification TDR net finance receivables, held-for-sale		$ 1	$ 1	$ 1
Post-modification TDR net finance receivables, held-for-sale		1	1	1
SpringCastle Portfolio
Financing Receivable, Modifications [Line Items]
Pre-modification TDR net finance receivables	$ 0	1	1	5
Post-modification TDR net finance receivables:	$ 0	$ 1	$ 1	$ 5
Number of TDR accounts \| account	0	142	157	550
Real Estate Loan
Financing Receivable, Modifications [Line Items]
Pre-modification TDR net finance receivables	$ 3	$ 6	$ 13	$ 16
Post-modification TDR net finance receivables:	$ 4	$ 5	$ 14	$ 16
Number of TDR accounts \| account	86	95	291	272
Pre-modification TDR net finance receivables, held-for-sale	$ 1	$ 1	$ 3	$ 4
Post-modification TDR net finance receivables, held-for-sale	$ 2	$ 2	$ 4	$ 5
Number of TDR accounts, held-for-sale \| account	39	33	90	77
Rate Reduction
Financing Receivable, Modifications [Line Items]
Post-modification TDR net finance receivables:	$ 8	$ 7	$ 28	$ 28
Rate Reduction \| Personal loans
Financing Receivable, Modifications [Line Items]
Post-modification TDR net finance receivables:	5	3	16	11
Rate Reduction \| SpringCastle Portfolio
Financing Receivable, Modifications [Line Items]
Post-modification TDR net finance receivables:	0	1	1	5
Rate Reduction \| Real Estate Loan
Financing Receivable, Modifications [Line Items]
Post-modification TDR net finance receivables:	3	3	11	12
Other
Financing Receivable, Modifications [Line Items]
Post-modification TDR net finance receivables:	4	5	11	13
Other \| Personal loans
Financing Receivable, Modifications [Line Items]
Post-modification TDR net finance receivables:	3	3	8	9
Other \| SpringCastle Portfolio
Financing Receivable, Modifications [Line Items]
Post-modification TDR net finance receivables:	0	0	0	0
Other \| Real Estate Loan
Financing Receivable, Modifications [Line Items]
Post-modification TDR net finance receivables:	$ 1	$ 2	$ 3	$ 4

Finance Receivables - Net Fin55

Finance Receivables - Net Finance Receivables Modified as TDRs (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)account	Sep. 30, 2015USD ($)account	Sep. 30, 2016USD ($)account	Sep. 30, 2015USD ($)account
Financing Receivable, Modifications [Line Items]
TDR net finance receivables	$ 2	$ 2	$ 7	$ 6
Number of TDR accounts \| account	368	377	1,101	1,012
Not qualified for disclosure, due to less than $1 million
Financing Receivable, Modifications [Line Items]
TDR net finance receivables	$ 1
Personal loans
Financing Receivable, Modifications [Line Items]
TDR net finance receivables	$ 1	$ 1	$ 4	$ 3
Number of TDR accounts \| account	355	342	1,030	855
SpringCastle Portfolio
Financing Receivable, Modifications [Line Items]
TDR net finance receivables	$ 0	$ 0	$ 0	$ 1
Number of TDR accounts \| account	0	26	19	122
SpringCastle Portfolio \| Not qualified for disclosure, due to less than $1 million
Financing Receivable, Modifications [Line Items]
TDR net finance receivables		$ 1	$ 1
Real Estate Loan
Financing Receivable, Modifications [Line Items]
TDR net finance receivables	$ 1	$ 1	$ 3	$ 2
Number of TDR accounts \| account	13	9	52	35
TDR net finance receivables, held-for-sale	$ 0	$ 0	$ 1	$ 1
Number of TDR accounts, held-for-sale \| account	4	1	25	14

Allowance for Finance Receiva56

Allowance for Finance Receivable Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Changes in the allowance for finance receivable losses by finance receivable type
Balance at beginning of period	$ 197	$ 184	$ 224	$ 180
Provision for finance receivable losses	87	78	263	230
Charge-offs	(83)	(79)	(281)	(254)
Recoveries	13	15	41	42
Other		(1)	(33)	(1)
Balance at end of period	214	197	214	197
Personal loans
Changes in the allowance for finance receivable losses by finance receivable type
Balance at beginning of period	176	139	173	130
Provision for finance receivable losses	85	60	241	170
Charge-offs	(79)	(57)	(253)	(176)
Recoveries	12	10	33	28
Other		(1)	0	(1)
Balance at end of period	194	151	194	151
SpringCastle Portfolio
Changes in the allowance for finance receivable losses by finance receivable type
Balance at beginning of period	0	3	4	3
Provision for finance receivable losses	0	16	14	53
Charge-offs	0	(18)	(17)	(61)
Recoveries	0	3	3	9
Other		0	(4)	0
Balance at end of period	0	4	0	4
Real estate loans
Changes in the allowance for finance receivable losses by finance receivable type
Balance at beginning of period	20	41	46	46
Provision for finance receivable losses	2	2	8	6
Charge-offs	(4)	(4)	(10)	(15)
Recoveries	1	2	4	4
Other		0	(29)	0
Balance at end of period	19	41	19	41
Retail Sales Finance
Changes in the allowance for finance receivable losses by finance receivable type
Balance at beginning of period	1	1	1	1
Provision for finance receivable losses	0		0	1
Charge-offs	0		(1)	(2)
Recoveries	0	0	1	1
Other		0	0	0
Balance at end of period	$ 1	$ 1	$ 1	$ 1

Allowance for Finance Receiva57

Allowance for Finance Receivable Losses - by Type and by Impairment Method (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Jun. 30, 2016	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Allowance for finance receivable losses for finance receivables:
Collectively evaluated for impairment	$ 182	$ 165
Purchased credit impaired finance receivables	8	12
TDR finance receivables	24	47
Purchased credit impaired finance receivables	214	224	$ 197	$ 197	$ 184	$ 180
Allowance for finance receivable losses	214	224	197	197	184	180
Finance receivables:
Collectively evaluated for impairment	4,881	6,021
Purchased credit impaired finance receivables	4,989	6,564
TDR finance receivables	$ 84	$ 151
Allowance for finance receivable losses as a percentage of finance receivables	4.30%	3.42%
Receivables Acquired with Deteriorated Credit Quality
Finance receivables:
Purchased credit impaired finance receivables	$ 24	$ 392
Personal loans
Allowance for finance receivable losses for finance receivables:
Collectively evaluated for impairment	181	164
Purchased credit impaired finance receivables	0	0
TDR finance receivables	13	9
Purchased credit impaired finance receivables	194	173	176	151	139	130
Allowance for finance receivable losses	194	173	176	151	139	130
Finance receivables:
Collectively evaluated for impairment	4,739	4,271
Purchased credit impaired finance receivables	4,775	4,300
TDR finance receivables	$ 36	$ 29
Allowance for finance receivable losses as a percentage of finance receivables	4.06%	4.01%
Personal loans \| Receivables Acquired with Deteriorated Credit Quality
Finance receivables:
Purchased credit impaired finance receivables	$ 0	$ 0
SpringCastle Portfolio
Allowance for finance receivable losses for finance receivables:
Collectively evaluated for impairment	0	0
Purchased credit impaired finance receivables	0	0
TDR finance receivables	0	4
Purchased credit impaired finance receivables	0	4	0	4	3	3
Allowance for finance receivable losses	0	4	0	4	3	3
Finance receivables:
Collectively evaluated for impairment	0	1,340
Purchased credit impaired finance receivables	$ 0	1,703
TDR finance receivables		$ 13
Allowance for finance receivable losses as a percentage of finance receivables	0.00%	0.25%
SpringCastle Portfolio \| Receivables Acquired with Deteriorated Credit Quality
Finance receivables:
Purchased credit impaired finance receivables	$ 0	$ 350
Real Estate Loan
Allowance for finance receivable losses for finance receivables:
Collectively evaluated for impairment	0	0
Purchased credit impaired finance receivables	8	12
TDR finance receivables	11	34
Purchased credit impaired finance receivables	19	46
Allowance for finance receivable losses	19	46
Finance receivables:
Collectively evaluated for impairment	129	387
Purchased credit impaired finance receivables	201	538
TDR finance receivables	$ 48	$ 109
Allowance for finance receivable losses as a percentage of finance receivables	9.96%	8.72%
Real Estate Loan \| Receivables Acquired with Deteriorated Credit Quality
Finance receivables:
Purchased credit impaired finance receivables	$ 24	$ 42
Retail Sales Finance
Allowance for finance receivable losses for finance receivables:
Collectively evaluated for impairment	1	1
Purchased credit impaired finance receivables	0	0
TDR finance receivables	0	0
Purchased credit impaired finance receivables	1	1	1	1	1	1
Allowance for finance receivable losses	1	1	$ 1	$ 1	$ 1	$ 1
Finance receivables:
Collectively evaluated for impairment	13	23
Purchased credit impaired finance receivables	13	23
TDR finance receivables	$ 0	$ 0
Allowance for finance receivable losses as a percentage of finance receivables	3.55%	3.46%
Retail Sales Finance \| Receivables Acquired with Deteriorated Credit Quality
Finance receivables:
Purchased credit impaired finance receivables	$ 0	$ 0

Finance Receivables Held for 58

Finance Receivables Held for Sale (Details) - USD ($) $ in Millions	Jun. 30, 2016	May 02, 2016	Mar. 31, 2016	Mar. 31, 2016	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Aug. 31, 2016	Dec. 31, 2015
Finance Receivables
Loans receivable held for sale					$ 166			$ 166			$ 793
Net gain on sale of SpringCastle interests			$ 167		0	$ 167	$ 0	167	$ 0
Real Estate Sale
Finance Receivables
Loss on sale										$ 4
Carrying value of held-for-sale financing receivables sold										$ 250
Personal Loan Sale
Finance Receivables
Carrying value of held-for-sale financing receivables sold		$ 602
Gain (loss) on sale of financing receivables		$ 22
Personal loans
Finance Receivables
Loans receivable held for sale					$ 617			$ 617
Real Estate Loan
Finance Receivables
Loans receivable held for sale											$ 176
Real estate owned
Finance Receivables
Financing receivables reclassified to held-for-sale	$ 257
SpringCastle Portfolio
Finance Receivables
Financing receivables reclassified to held-for-sale				$ 1,600

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
Investment Securities (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	$ 557	$ 604
Unrealized Gains	12	3
Unrealized Losses	(1)	(16)
Fair Value	568	591
Interest in a limited partnership	1	1
Restricted investments, at cost	1	1
Minimum disclosure of Unrealized losses on certain available-for-sale securities	1	1
Bonds
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	550	597
Unrealized Gains	12	3
Unrealized Losses	(1)	(15)
Fair Value	561	585
U.S. government and government sponsored entities
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	14	83
Unrealized Gains	1	0
Unrealized Losses	0	(1)
Fair Value	15	82
Obligations of states, municipalities, and political subdivisions
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	77	88
Unrealized Gains	2	1
Unrealized Losses	0	0
Fair Value	79	89
Non-U.S. government and government sponsored entities
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	2
Unrealized Gains	0
Unrealized Losses	0
Fair Value	2
Corporate debt
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	347	278
Unrealized Gains	8	2
Unrealized Losses	(1)	(13)
Fair Value	354	267
Residential mortgage-backed securities (“RMBS”)
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	37	74
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	37	74
Commercial mortgage-backed securities (“CMBS”)
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	37	44
Unrealized Gains	1	0
Unrealized Losses	0	0
Fair Value	38	44
Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	36	30
Unrealized Gains	0	0
Unrealized Losses	0	(1)
Fair Value	36	29
Preferred stock
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	6	6
Unrealized Gains	0	0
Unrealized Losses	0	(1)
Fair Value	6	5
Other long-term investments
Schedule of Available-for-sale Securities [Line Items]
Cost/ Amortized Cost	1	1
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	$ 1	$ 1

Investment Securities - FV and

Investment Securities - FV and Unrealized Losses on AFS Securities by Type and Length of Time in Continuous Unrealized Loss Position (Details 2) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair Value
Less Than 12 Months	$ 100	$ 435
12 Months or Longer	19	20
Total	119	455
Unrealized Losses
Less Than 12 Months	0	(15)
12 Months or Longer	(1)	(1)
Total	(1)	(16)
Minimum disclosure of Unrealized losses on certain available-for-sale securities	1	1
Bonds
Fair Value
Less Than 12 Months	100	434
12 Months or Longer	12	14
Total	112	448
Unrealized Losses
Less Than 12 Months	0	(15)
12 Months or Longer	(1)	0
Total	(1)	(15)
U.S. government and government sponsored entities
Fair Value
Less Than 12 Months	1	76
12 Months or Longer	0	0
Total	1	76
Unrealized Losses
Less Than 12 Months	0	(1)
12 Months or Longer	0	0
Total	0	(1)
Obligations of states, municipalities, and political subdivisions
Fair Value
Less Than 12 Months	17	36
12 Months or Longer	2	2
Total	19	38
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	2
Total	2
Unrealized Losses
Less Than 12 Months	0
12 Months or Longer	0
Total	0
Corporate debt
Fair Value
Less Than 12 Months	49	189
12 Months or Longer	10	7
Total	59	196
Unrealized Losses
Less Than 12 Months		(13)
12 Months or Longer	(1)	0
Total	(1)	(13)
Residential mortgage-backed securities (“RMBS”)
Fair Value
Less Than 12 Months	14	68
12 Months or Longer	0	0
Total	14	68
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	0	0
Commercial mortgage-backed securities (“CMBS”)
Fair Value
Less Than 12 Months	15	36
12 Months or Longer		5
Total	15	41
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	0	0
Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Fair Value
Less Than 12 Months	2	29
12 Months or Longer	0	0
Total	2	29
Unrealized Losses
Less Than 12 Months	0	(1)
12 Months or Longer	0	0
Total	0	(1)
Preferred stock
Fair Value
Less Than 12 Months	0	0
12 Months or Longer	6	6
Total	6	6
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	(1)
Total	0	(1)
Other long-term investments
Fair Value
Less Than 12 Months	0	1
12 Months or Longer	1	0
Total	1	1
Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	0	0
Total	$ 0	$ 0

Investment Securities Narrative

Investment Securities Narrative (Details)	3 Months Ended		9 Months Ended
Investment Securities Narrative (Details)	Sep. 30, 2016USD ($)investment	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)investment	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)investment
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position \| investment	90		90		198
Available-for-sale securities	$ 568,000,000		$ 568,000,000		$ 591,000,000
Other than temporarily impaired available for sale securities	0	$ 0	0	$ 0
Insurance Regulatory Authorities Bonds on Deposit
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities	$ 11,000,000		$ 11,000,000		$ 11,000,000

Investment Securities - Changes

Investment Securities - Changes in the cumulative amount of credit losses (recognized in earnings) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Balance at beginning of period	$ 0	$ 1	$ 1	$ 1
Realized due to dispositions with no prior intention to sell	0	0	1	0
Balance at end of period	$ 0	$ 1	$ 0	$ 1

Investment Securities - Proceed

Investment Securities - Proceeds From AFS Securities Sold or Redeemed (Details 3) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Available-for-sale securities sold or redeemed
Proceeds from sales and redemptions	$ 42	$ 168	$ 235	$ 372
Realized gains	1	4	5	15
Realized losses	0	0	0	(1)
Net realized gains	$ 1	$ 4	$ 5	$ 14

Investment Securities - Contrac

Investment Securities - Contractual Maturities (Details 4) $ in Millions	Sep. 30, 2016USD ($)
Fair Value
Due in 1 year or less	$ 54
Due after 1 year through 5 years	215
Due after 5 years through 10 years	36
Due after 10 years	145
Mortgage-backed, asset-backed, and collateralized securities	111
Total	561
Amortized Cost
Due in 1 year or less	55
Due after 1 year through 5 years	213
Due after 5 years through 10 years	34
Due after 10 years	138
Mortgage-backed, asset-backed, and collateralized securities	110
Total	$ 550

Investment Securities - Trading

Investment Securities - Trading and Other Securities (Details 5) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Trading securities
Trading securities	$ 4		$ 4		$ 12
Other securities	4		4		2
Net unrealized and realized gains (losses) on trading securities
Net unrealized gains (losses) on trading and other securities held at period end	(1)	$ (1)	0	$ 3
Net realized gains (losses) on trading and other securities sold or redeemed	1	(1)	1	(2)
Total	0	$ (2)	1	$ 1
Corporate debt
Trading securities
Trading securities	2		2		10
Commercial mortgage-backed securities (“CMBS”)
Trading securities
Trading securities	$ 2		$ 2		$ 2

Transactions with Affiliates 66

Transactions with Affiliates of Fortress (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Mar. 31, 2016
Transactions with Affiliates of Fortress or AIG
Ownership percentage in joint venture					47.00%
Affiliated Entity \| Logan Circle Partners L.P.
Transactions with Affiliates of Fortress or AIG
Costs and fees incurred for the investment management services			$ 1	$ 1
Nationstar Mortgage LLC \| Owners
Transactions with Affiliates of Fortress or AIG
Subservicing fees			$ 1	$ 1
Not qualified for disclosure, due to less than $1 million \| Affiliated Entity \| Logan Circle Partners L.P.
Transactions with Affiliates of Fortress or AIG
Costs and fees incurred for the investment management services	$ 1	$ 1
Not qualified for disclosure, due to less than $1 million \| Nationstar Mortgage LLC \| Owners
Transactions with Affiliates of Fortress or AIG
Subservicing fees	$ 1	$ 1

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions	3 Months Ended		9 Months Ended
Related Party Transactions (Details) $ in Millions	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)building	Sep. 30, 2015USD ($)	Jul. 19, 2016USD ($)	Dec. 31, 2015USD ($)
Related Party Transaction [Line Items]
Note receivable from SFI	$ 3,482		$ 3,482			$ 3,804
Receivables from parent and affiliates	40		$ 40			9
Percentage of allocated cost of service			100.00%
Affiliated Entity \| SFI
Related Party Transaction [Line Items]
Note receivable from SFI	$ 282		$ 282			389
Interest rates (as a percent)	6.16%		6.16%
Interest revenue on note receivable	$ 4	$ 5	$ 14	$ 11
Affiliated Entity \| Spring leaf General Services Corporation \| Springleaf Finance Management Corporation \| Intercompany Agreements
Related Party Transaction [Line Items]
Net payables	13		$ 13			19
Affiliated Entity \| Spring leaf General Services Corporation \| Springleaf Finance Management Corporation \| Services Agreement
Related Party Transaction [Line Items]
Percentage of allocated cost of service			100.00%
Service fee expenses	58	55	$ 183	156
Affiliated Entity \| Spring leaf General Services Corporation \| Springleaf Finance Management Corporation \| License Agreement
Related Party Transaction [Line Items]
Margin on the systems and software (as a percent)			7.00%
Percentage of actual cost incurred			100.00%
License fees	1	1	$ 4	4
Affiliated Entity \| Spring leaf General Services Corporation \| Springleaf Finance Management Corporation \| Building Lease
Related Party Transaction [Line Items]
Number of buildings leased \| building			6
Annual rental fees			$ 4
Rent charged	1	$ 1	3	$ 3
Parent
Related Party Transaction [Line Items]
Payables to parent and affiliates						12
Majority Shareholder
Related Party Transaction [Line Items]
Receivables from parent and affiliates						$ 21
OneMain Demand Note [Member] \| OneMain Financial Holdings, Inc.
Related Party Transaction [Line Items]
Interest Income, Related Party	5		5
Note receivable from SFI	$ 255		$ 255		$ 400

Related Party Transactions -- I

Related Party Transactions -- Independence Demand Note (Details) - USD ($)	Jul. 19, 2016	Sep. 30, 2016	Sep. 30, 2016	Jul. 20, 2016	Dec. 31, 2015	Nov. 12, 2015
Debt Instrument [Line Items]
Notes receivable from parent and affiliates		$ 3,482,000,000	$ 3,482,000,000		$ 3,804,000,000
Independence Holding, Inc.
Debt Instrument [Line Items]
Securities borrowed		$ 3,400,000,000	$ 3,400,000,000
Independence Holding, Inc. \| Independence Demand Note
Debt Instrument [Line Items]
Related party note, maximum borrowing capacity						$ 3,550,000,000
Interest rates (as a percent)		6.16%	6.16%
Securities borrowed					$ 3,400,000,000	$ 3,400,000,000
Repayment of related party note receivable	$ 344,000,000
Notes receivable from parent and affiliates		$ 2,900,000,000	$ 2,900,000,000
Interest Income, Related Party		$ 47,000,000	$ 139,000,000
Independence Holding, Inc. \| Assignment of Intercompany Demand Note
Debt Instrument [Line Items]
Aggregate purchase price				$ 150,000,000
Right to assume principal of demand note	150,000,000
Independence Holding, Inc. \| Cash Services Note
Debt Instrument [Line Items]
Related party note, maximum borrowing capacity	3,400,000,000
Independence Holding, Inc. \| OMFH Note
Debt Instrument [Line Items]
Related party note, maximum borrowing capacity	$ 150,000,000

Related Party Transactions -- O

Related Party Transactions -- OneMain Demand Note (Details) - USD ($)	Sep. 30, 2016	Sep. 13, 2016	Sep. 30, 2016	Sep. 30, 2016	Aug. 12, 2016	Jul. 19, 2016	Dec. 31, 2015	Nov. 15, 2015
Debt Instrument [Line Items]
Notes receivable from parent and affiliates	$ 3,482,000,000		$ 3,482,000,000	$ 3,482,000,000			$ 3,804,000,000
OneMain Financial Holdings, Inc. \| OneMain Demand Note [Member]
Debt Instrument [Line Items]
Related party note, maximum borrowing capacity					$ 750,000,000			$ 500,000,000
Number of days notice required to demand note payment				5 days
Notes receivable from parent and affiliates	255,000,000		255,000,000	$ 255,000,000		$ 400,000,000
Repayment of related party note receivable	$ 35,000,000	$ 115,000,000
Interest Income, Related Party			$ 5,000,000	$ 5,000,000

Related Party Transactions -- N

Related Party Transactions -- Note Payable to Affiliate (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Dec. 31, 2015	Dec. 01, 2015
Debt Instrument [Line Items]
Notes receivable from parent and affiliates	$ 3,482,000,000	$ 3,482,000,000	$ 3,804,000,000
Affiliated Entity
Debt Instrument [Line Items]
Due to affiliate	$ 14,000,000	$ 14,000,000	$ 24,000,000
OneMain Financial Holdings, Inc. \| OneMain Financial Holdings, Inc. \| OMFH revolving demand note, OneMain Acquisition closing
Debt Instrument [Line Items]
Related party note, maximum borrowing capacity				$ 500,000,000
Number of days notice required to demand note payment			5 days
Interest rates (as a percent)	6.16%	6.16%
Interest expense, related party note	$ 1,000,000	$ 7,000,000
Due to affiliate	0	0	$ 0
Springleaf Finance Management Corporation \| Affiliated Entity
Debt Instrument [Line Items]
Due to affiliate	0	0
Intercompany Agreements \| Springleaf Finance Management Corporation \| Spring leaf General Services Corporation \| Affiliated Entity
Debt Instrument [Line Items]
Due to related parties	13,000,000	13,000,000	19,000,000
Intercompany Agreements \| Springleaf Finance Management Corporation \| Springleaf Consumer Loan, Inc. (SCLI) \| Affiliated Entity
Debt Instrument [Line Items]
Due to affiliate	$ 1,000,000	$ 1,000,000
Services Agreement \| Spring Castle Holdings LLC \| Affiliated Entity
Debt Instrument [Line Items]
Payables to parent and affiliates			$ 4,000,000

Related Party Transactions -- R

Related Party Transactions -- Related Party Loan Sale Transaction (Details) - Springleaf Consumer Loan, Inc. (SCLI) - Affiliated Entity - Intercompany Agreements - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Jun. 30, 2016
Related Party Transaction [Line Items]
Personal loans sold			$ 89
Aggregate purchase price			$ 89
Service fee expenses	$ 1	$ 2

Long-term Debt (Details)

Long-term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Principal maturities of long-term debt by type of debt
Fourth quarter 2016	$ 0
First quarter 2017	0
Second quarter 2017	0
Third quarter 2017	257
Fourth quarter 2017	1,032
2,018	0
2,019	700
2,020	1,300
2021-2067	1,300
Securitizations	2,410
Total principal maturities	6,999
Long-term debt	6,542	$ 9,582
Debt issuance costs	(26)
Securitizations
Principal maturities of long-term debt by type of debt
Long-term debt	2,400
Medium Term Notes
Principal maturities of long-term debt by type of debt
Long-term debt	$ 3,970
Junior Subordinated Debt
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)	6.00%
Fourth quarter 2016	$ 0
First quarter 2017	0
Second quarter 2017	0
Third quarter 2017	0
Fourth quarter 2017	0
2,018	0
2,019	0
2,020	0
2021-2067	350
Securitizations	0
Total principal maturities	350
Long-term debt	172
Debt issuance costs	0
Senior Notes \| Securitizations
Principal maturities of long-term debt by type of debt
Fourth quarter 2016	0
First quarter 2017	0
Second quarter 2017	0
Third quarter 2017	0
Fourth quarter 2017	0
2,018	0
2,019	0
2,020	0
2021-2067	0
Securitizations	2,410
Total principal maturities	2,410
Debt issuance costs	(11)
Senior Notes \| Revolving Credit Facility
Principal maturities of long-term debt by type of debt
Debt issuance costs	9
Senior Notes \| Medium Term Notes
Principal maturities of long-term debt by type of debt
Fourth quarter 2016	0
First quarter 2017	0
Second quarter 2017	0
Third quarter 2017	257
Fourth quarter 2017	1,032
2,018	0
2,019	700
2,020	1,300
2021-2067	950
Securitizations	0
Total principal maturities	4,239
Debt issuance costs	$ (15)
Minimum \| Senior Notes \| Securitizations
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)	2.04%
Minimum \| Senior Notes \| Revolving Credit Facility
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)	0.00%
Minimum \| Senior Notes \| Medium Term Notes
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)	5.25%
Maximum \| Senior Notes \| Securitizations
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)	6.50%
Maximum \| Senior Notes \| Revolving Credit Facility
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)	0.00%
Maximum \| Senior Notes \| Medium Term Notes
Principal maturities of long-term debt by type of debt
Interest rates (as a percent)	8.25%

Long-term Debt - Guaranty Agree

Long-term Debt - Guaranty Agreements (Details) - USD ($)	Dec. 30, 2013	Dec. 30, 2013	Sep. 30, 2016	Apr. 11, 2016	Dec. 31, 2015	Dec. 03, 2014
Debt Instrument [Line Items]
Long-term debt			$ 6,542,000,000		$ 9,582,000,000
Junior Subordinated Debt
Debt Instrument [Line Items]
Interest rates (as a percent)			6.00%
Long-term debt			$ 172,000,000
Guaranty Agreements \| Parent Company \| Senior Notes
Debt Instrument [Line Items]
Face amount of each issuance of debt	$ 5,200,000,000	$ 5,200,000,000
Guaranty Agreements \| Parent Company \| Senior Note 8.25%, due 2020
Debt Instrument [Line Items]
Face amount of each issuance of debt				$ 1,000,000,000
Interest rates (as a percent)				8.25%
Long-term debt			1,000,000,000
Guaranty Agreements \| Parent Company \| 5.25% Senior Notes due 2019
Debt Instrument [Line Items]
Face amount of each issuance of debt						$ 700,000,000
Interest rates (as a percent)						5.25%
Long-term debt			700,000,000
Guaranty Agreements \| Parent Company \| Junior Subordinated Debt
Debt Instrument [Line Items]
Face amount of each issuance of debt	$ 350,000,000	$ 350,000,000
Term of debt	60 years	60 years
Guaranty Agreements \| Parent Company \| 8.250% Senior Notes due 2023
Debt Instrument [Line Items]
Interest rates (as a percent)	8.25%	8.25%
Guaranty Agreements \| Parent Company \| 7.750% Senior Notes due 2021
Debt Instrument [Line Items]
Interest rates (as a percent)	7.75%	7.75%
Guaranty Agreements \| Parent Company \| 6.00% Senior Notes due 2020
Debt Instrument [Line Items]
Interest rates (as a percent)	6.00%	6.00%
Guaranty Agreements \| Parent Company \| Senior Notes and Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term debt			$ 2,900,000,000

Variable Interest Entities (Det

Variable Interest Entities (Details) - Consolidated VIEs - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Cash and cash equivalents
Variable Interest Entities
Assets	$ 2	$ 7
Finance receivables: \| Personal loans
Variable Interest Entities
Assets	2,603	3,621
Finance receivables: \| SpringCastle Portfolio
Variable Interest Entities
Assets	0	1,703
Allowance for finance receivable losses
Variable Interest Entities
Assets	103	128
Finance receivables held for sale
Variable Interest Entities
Assets	0	435
Restricted cash and cash equivalents
Variable Interest Entities
Assets	166	282
Other assets
Variable Interest Entities
Assets	9	48
Long-term debt
Variable Interest Entities
Liabilities	2,400	5,513
Other liabilities
Variable Interest Entities
Liabilities	$ 4	$ 9

Variable Interest Entities -- A

Variable Interest Entities -- Auto Loan Securitization (Details) - Consolidated VIEs - USD ($)	Sep. 30, 2016	Jul. 19, 2016	Jun. 30, 2016
Debt Instrument [Line Items]
Amount drawn	$ 0
ODART 2016-1 Securitization \| OneMain
Debt Instrument [Line Items]
Securitization transactions, maximum principal balance		$ 754,000,000
Amount drawn			$ 754,000,000
Note sold under private securitization transaction		$ 700,000,000
Debt, weighted average interest rate		2.27%
Amount of Notes that is retained under Private Securitization Transaction		$ 54,000,000

Variable Interest Entities -- C

Variable Interest Entities -- Consumer Loan Securitizations (Details) - Consolidated VIEs - Consumer Loan Securitizations - Springleaf FundingTrust 2013 B $ in Millions	Feb. 16, 2016USD ($)
Debt Instrument [Line Items]
Debt instrument redemption price	$ 371
Accrued interest included in redemption price	1
Amount excluded from the redemption price	30
Note sold under private securitization transaction	$ 400

Variable Interest Entities --77

Variable Interest Entities -- Conduit Facilities (Details) - Consolidated VIEs - USD ($)	Mar. 31, 2018	Jun. 30, 2018	Feb. 28, 2018	Jan. 30, 2018	Feb. 24, 2017	Sep. 30, 2016	Feb. 24, 2016	Jan. 21, 2016
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 2,350,000,000
Amount drawn						0
Asset-backed Securities, Securitized Loans and Receivables [Member] \| First Avenue funding, LLC securitization
Debt Instrument [Line Items]
Maximum borrowing capacity						250,000,000
Amount drawn						0
Asset-backed Securities, Securitized Loans and Receivables [Member] \| Midbrook Funding Trust 2013 VFN1
Debt Instrument [Line Items]
Maximum borrowing capacity						300,000,000
Amount drawn						0
Asset-backed Securities, Securitized Loans and Receivables [Member] \| Mill River 2015 VFN1
Debt Instrument [Line Items]
Maximum borrowing capacity						100,000,000
Amount drawn						0
Asset-backed Securities, Securitized Loans and Receivables [Member] \| Second Avenue funding, LLC securitization
Debt Instrument [Line Items]
Maximum borrowing capacity						250,000,000
Amount drawn						0
Asset-backed Securities, Securitized Loans and Receivables [Member] \| Springleaf Funding Trust 2013 VFN1
Debt Instrument [Line Items]
Maximum borrowing capacity						850,000,000
Amount drawn						0
Asset-backed Securities, Securitized Loans and Receivables [Member] \| Sumner Brook Funding Trust 2013 VFN1
Debt Instrument [Line Items]
Maximum borrowing capacity						350,000,000
Amount drawn						0
Asset-backed Securities, Securitized Loans and Receivables [Member] \| Whitford Brook Funding Trust2014 VFN1
Debt Instrument [Line Items]
Maximum borrowing capacity						250,000,000
Amount drawn						$ 0
Consumer Loan Securitizations \| Midbrook Funding Trust 2013 VFN1 \| Forecast
Debt Instrument [Line Items]
Principal amount, reduce to cash payments, due and payable, term			36 months
Consumer Loan Securitizations \| Midbrook Funding Trust 2013 VFN1 \| Forecast \| Personal loans
Debt Instrument [Line Items]
Securitization transactions, maximum principal balance					$ 250,000,000
Consumer Loan Securitizations \| Midbrook Funding Trust 2013 VFN1 \| As Reported \| Personal loans
Debt Instrument [Line Items]
Securitization transactions, maximum principal balance							$ 300,000,000
Consumer Loan Securitizations \| Mill River 2015 VFN1 \| As Reported
Debt Instrument [Line Items]
Securitization transactions, maximum principal balance								$ 400,000,000
Consumer Loan Securitizations \| Mill River 2015 VFN1 \| Scenario, Adjustment
Debt Instrument [Line Items]
Securitization transactions, maximum principal balance								100,000,000
Consumer Loan Securitizations \| Springleaf Funding Trust 2013 VFN1 \| Forecast
Debt Instrument [Line Items]
Principal amount, reduce to cash payments, due and payable, term				36 months
Consumer Loan Securitizations \| Springleaf Funding Trust 2013 VFN1 \| As Reported
Debt Instrument [Line Items]
Securitization transactions, maximum principal balance								350,000,000
Consumer Loan Securitizations \| Springleaf Funding Trust 2013 VFN1 \| Scenario, Adjustment
Debt Instrument [Line Items]
Securitization transactions, maximum principal balance								$ 850,000,000
Consumer Loan Securitizations \| Whitford Brook Funding Trust2014 VFN1 \| Forecast
Debt Instrument [Line Items]
Principal amount, reduce to cash payments, due and payable, term		12 months
Consumer Loan Securitizations \| First Avenue Funding LLC 2015 \| Forecast
Debt Instrument [Line Items]
Principal amount, reduce to cash payments, due and payable, term	12 months

Variable Interest Entities -- V

Variable Interest Entities -- VIE Interest Expense and Deconsolidated VIES (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Variable Interest Entity [Line Items]
Interest expense	$ 135	$ 171	$ 429	$ 500
Mortgage Loan Securitizations \| Real estate loans
Variable Interest Entity [Line Items]
Real estate loans sold, reserve for sales recourse obligations			$ 6		$ 6
Repurchase activity (in loans)			0
Consolidated VIEs
Variable Interest Entity [Line Items]
Interest expense	$ 25	$ 49	$ 97	$ 136

Accumulated Other Comprehensi79

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ (11)	$ (7)	$ (24)	$ 3
Other comprehensive income (loss) before reclassifications	4	(2)	19	(5)
Reclassification adjustments from accumulated other comprehensive income (loss)	(6)	(2)	(8)	(9)
Balance at end of period	(13)	(11)	(13)	(11)
Unrealized Gains (Losses) Available-for-Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	4	2	(9)	12
Other comprehensive income (loss) before reclassifications	4	(2)	19	(5)
Reclassification adjustments from accumulated other comprehensive income (loss)	(1)	(2)	(3)	(9)
Balance at end of period	7	(2)	7	(2)
Retirement Plan Liabilities Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(19)	(13)	(19)	(13)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Reclassification adjustments from accumulated other comprehensive income (loss)	0	0	0	0
Balance at end of period	(19)	(13)	(19)	(13)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	4	4	4	4
Other comprehensive income (loss) before reclassifications	0	0	0	0
Reclassification adjustments from accumulated other comprehensive income (loss)	(5)	0	(5)	0
Balance at end of period	$ (1)	$ 4	$ (1)	$ 4

Accumulated Other Comprehensi80

Accumulated Other Comprehensive Income (Loss) - Reclassification Adjustments From AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Reclassification adjustments from accumulated other comprehensive income
Reclassification from accumulated other comprehensive income (loss) to investment revenues, before taxes	$ 8	$ 11	$ 22	$ 43
Income tax effect	(10)	(5)	(101)	(14)
Net income	23	35	200	108
Other	4	(7)	(2)	(8)
Net income		35		108
Reclassification adjustments
Reclassification adjustments from accumulated other comprehensive income
Net income	6	2	8	9
Unrealized Gains (Losses) Available-for-Sale Securities \| Reclassification adjustments
Reclassification adjustments from accumulated other comprehensive income
Reclassification from accumulated other comprehensive income (loss) to investment revenues, before taxes	2	4	5	14
Income tax effect	(1)	(2)	(2)	(5)
Net income	1	2	3	9
Foreign Currency Translation Adjustments \| Reclassification adjustments
Reclassification adjustments from accumulated other comprehensive income
Other	$ 5	$ 0	$ 5	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	9 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Net deferred tax liabilities	$ 27		$ 113
Decrease in deferred tax liability	$ (86)
Effective income tax rate (as a percent)	33.60%	11.60%
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 10		$ 9
No material change in balance of uncertain tax position, expected term	12 months

Contingencies - Sale Recourse N

Contingencies - Sale Recourse Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)loan	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Assets Sold under Agreements to Repurchase [Line Items]
Finance receivables reserve for sales recourse obligations	$ 18	$ 14	$ 15	$ 15	$ 18	$ 24
Real Estate Loan
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase activity (in loans) \| loan	13
Amount of loans repurchased	$ 1

Contingencies -- Sale Recourse

Contingencies -- Sale Recourse (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Finance Receivables Reserve for Sales Recourse Obligations [Roll Forward]
Balance at beginning of the period	$ 15	$ 18	$ 15	$ 24
Recourse losses	0	0	0	(5)
Provision for recourse obligations, net of recoveries	(1)	0	(1)	(1)
Balance at end of the period	$ 14	$ 18	$ 14	$ 18

Benefit Plans (Details)

Benefit Plans (Details) - Pension - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Benefit Plans (Details) - Pension - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Components of net periodic benefit cost:
Interest cost	$ 4	$ 4	$ 12	$ 12
Expected return on assets	(5)	(5)	(13)	(14)
Net periodic benefit cost	$ (1)	$ (1)	$ (1)	$ (2)

Segment Information Narrative (

Segment Information Narrative (Details) $ in Millions	9 Months Ended
Segment Information Narrative (Details) $ in Millions	Sep. 30, 2016statedivisionsegment	Mar. 31, 2016	Sep. 30, 2015USD ($)
Segment Reporting Information [Line Items]
Number of segments \| segment	3
Ownership percentage in joint venture		47.00%
adjustments for changes in accounting principle
Segment Reporting Information [Line Items]
Unearned insurance premium and claim reserves \| $			$ 240
Other
Segment Reporting Information [Line Items]
Number of states where ceased branch based personal lending	14
Corporate Joint Venture
Segment Reporting Information [Line Items]
Ownership percentage in joint venture		47.00%
Consumer and Insurance Segment
Segment Reporting Information [Line Items]
Number of business divisions \| division	2
Consumer and Insurance
Segment Reporting Information [Line Items]
Number of states in which entity operates	28

Segment Information -- Allocati

Segment Information -- Allocation of revenue and expenses (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	11 Months Ended	16 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2016	Oct. 31, 2015
Consumer and Insurance Segment
Segment Reporting Information [Line Items]
Increase (Decrease) Interest Expense Due to Change in Debt Allocation	$ 59	$ 179
Real Estate and Other Segments [Member]
Segment Reporting Information [Line Items]
Unsecured Debt Allocation, Percentage			100.00%
Real estate loans
Segment Reporting Information [Line Items]
Increase (Decrease) Interest Expense Due to Change in Debt Allocation	(44)	(134)
Other
Segment Reporting Information [Line Items]
Increase (Decrease) Interest Expense Due to Change in Debt Allocation	$ 15	$ (45)
Total Average Unsecured Debt Allocation [Member] \| Consumer and Insurance Segment
Segment Reporting Information [Line Items]
Unsecured Debt Allocation, Percentage				100.00%
Total Average Unsecured Debt Allocation [Member] \| Real Estate and Other Segments [Member]
Segment Reporting Information [Line Items]
Unsecured Debt Allocation, Percentage				100.00%
Minimum \| Total Average Unsecured Debt Allocation [Member] \| Consumer and Insurance Segment
Segment Reporting Information [Line Items]
Unsecured Debt Allocation, Percentage				83.00%
Minimum \| Total Average Unsecured Debt Allocation [Member] \| Real Estate and Other Segments [Member]
Segment Reporting Information [Line Items]
Unsecured Debt Allocation, Percentage				83.00%
Maximum \| Total Average Unsecured Debt Allocation [Member] \| Consumer and Insurance Segment
Segment Reporting Information [Line Items]
Unsecured Debt Allocation, Percentage				100.00%
Maximum \| Total Average Unsecured Debt Allocation [Member] \| Real Estate and Other Segments [Member]
Segment Reporting Information [Line Items]
Unsecured Debt Allocation, Percentage				100.00%

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	Mar. 31, 2016	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Interest income		$ 303		$ 422	$ 1,047	$ 1,227
Interest expense		135		171	429	500
Provision for finance receivable losses		87		78	263	230
Net interest income after provision for finance receivable losses		81		173	355	497
Net gain on sale of SpringCastle interests	$ 167	0	$ 167	0	167	0
Other revenues		107		49	302	162
Other expenses		155		182	523	537
Income before provision for income taxes		33		40	301	122
Income before provision for income taxes attributable to non-controlling interests				32	28	98
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation				8	273	24
Assets		9,507		12,263	9,507	12,263	$ 12,188
Operating Segments \| Consumer and Insurance
Segment Reporting Information [Line Items]
Interest income		291		289	897	810
Interest expense		105		43	299	119
Provision for finance receivable losses		84		62	240	170
Net interest income after provision for finance receivable losses		102		184	358	521
Net gain on sale of SpringCastle interests					0
Other revenues		53		55	169	161
Other expenses		146		157	487	448
Income before provision for income taxes		9		82	40	234
Income before provision for income taxes attributable to non-controlling interests				0	0	0
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation				82	40	234
Assets		5,529		5,388	5,529	5,388
Operating Segments \| Acquisitions and Servicing
Segment Reporting Information [Line Items]
Interest income		0		112	102	350
Interest expense				22	20	67
Provision for finance receivable losses				16	14	53
Net interest income after provision for finance receivable losses		0		74	68	230
Net gain on sale of SpringCastle interests					167
Other revenues		0		0	0	5
Other expenses		0		14	15	45
Income before provision for income taxes				60	220	190
Income before provision for income taxes attributable to non-controlling interests				32	28	98
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation				28	192	92
Assets				1,872		1,872
Operating Segments \| Real estate loans
Segment Reporting Information [Line Items]
Interest income		10		17	40	52
Interest expense		8		58	35	177
Provision for finance receivable losses		1		(4)	5	(7)
Net interest income after provision for finance receivable losses		1		(37)	0	(118)
Net gain on sale of SpringCastle interests					0
Other revenues		(12)		(2)	(30)	4
Other expenses		8		8	22	24
Income before provision for income taxes		(19)		(47)	(52)	(138)
Income before provision for income taxes attributable to non-controlling interests				0	0	0
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation				(47)	(52)	(138)
Assets		371		3,551	371	3,551
Other
Segment Reporting Information [Line Items]
Interest income		1		1	3	6
Interest expense		1		16	8	48
Provision for finance receivable losses						1
Net interest income after provision for finance receivable losses		0		(15)	(5)	(43)
Net gain on sale of SpringCastle interests					0
Other revenues		50		4	152	10
Other expenses		1		2	0	17
Income before provision for income taxes		49		(13)	147	(50)
Income before provision for income taxes attributable to non-controlling interests				0	0	0
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation				(13)	147	(50)
Assets		3,698		1,471	3,698	1,471
Eliminations
Segment Reporting Information [Line Items]
Interest income					0	0
Interest expense						(5)
Provision for finance receivable losses					0
Net interest income after provision for finance receivable losses					0	5
Net gain on sale of SpringCastle interests					0
Other revenues					0	(5)
Other expenses					0	0
Income before provision for income taxes					0	0
Income before provision for income taxes attributable to non-controlling interests					0	0
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation					0	0
Assets		0			0
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Interest income		1		3	5	9
Interest expense		21		32	67	94
Provision for finance receivable losses		2		4	4	13
Net interest income after provision for finance receivable losses		(22)		(33)	(66)	(98)
Net gain on sale of SpringCastle interests					0
Other revenues		16		(8)	11	(13)
Other expenses		0		1	(1)	3
Income before provision for income taxes		(6)		(42)	(54)	(114)
Income before provision for income taxes attributable to non-controlling interests				0	0	0
Income (loss) before provision for (benefit from) income taxes attributable to Springleaf Finance Corporation				(42)	(54)	(114)
Assets		$ (91)		$ (19)	$ (91)	$ (19)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Assets
Notes receivable from parent and affiliates	$ 3,482	$ 3,804
Restricted cash and cash equivalents	176	295
Other assets:
Receivables from parent and affiliates	40	9
Total Fair Value
Assets
Cash and cash equivalents	272	321
Investment securities	573	604
Net finance receivables, less allowance for finance receivable losses	5,149	6,897
Finance receivables held for sale	166	819
Notes receivable from parent and affiliates	3,482	3,804
Restricted cash and cash equivalents	176	295
Other assets:
Commercial mortgage loans	45	62
Escrow advance receivable	9	11
Receivables from parent and affiliates	40	9
Receivables related to sales of real estate loans and related trust assets	1	1
Liabilities
Long-term debt	7,038	9,998
Payables to parent and affiliates	14	24
Total Carrying Value
Assets
Cash and cash equivalents	272	321
Investment securities	573	604
Net finance receivables, less allowance for finance receivable losses	4,775	6,340
Finance receivables held for sale	166	793
Notes receivable from parent and affiliates	3,482	3,804
Restricted cash and cash equivalents	176	295
Other assets:
Commercial mortgage loans	45	62
Escrow advance receivable	9	11
Receivables from parent and affiliates	40	9
Receivables related to sales of real estate loans and related trust assets	5	5
Liabilities
Long-term debt	6,542	9,582
Payables to parent and affiliates	14	24
Fair Value Measurements Using Level 1
Assets
Cash and cash equivalents	233	321
Investment securities	0	0
Net finance receivables, less allowance for finance receivable losses	0	0
Finance receivables held for sale	0	0
Notes receivable from parent and affiliates	0	0
Restricted cash and cash equivalents	176	295
Other assets:
Commercial mortgage loans	0	0
Escrow advance receivable	0	0
Receivables from parent and affiliates	0	0
Receivables related to sales of real estate loans and related trust assets	0	0
Liabilities
Long-term debt	0	0
Payables to parent and affiliates	0	0
Fair Value Measurements Using Level 2
Assets
Cash and cash equivalents	39	0
Investment securities	571	602
Net finance receivables, less allowance for finance receivable losses	0	0
Finance receivables held for sale	0	0
Notes receivable from parent and affiliates	3,482	3,804
Restricted cash and cash equivalents	0	0
Other assets:
Commercial mortgage loans	0	0
Escrow advance receivable	0	0
Receivables from parent and affiliates	40	9
Receivables related to sales of real estate loans and related trust assets	1	1
Liabilities
Long-term debt	7,038	9,998
Payables to parent and affiliates	14	24
Fair Value Measurements Using Level 3
Assets
Cash and cash equivalents	0	0
Investment securities	2	2
Net finance receivables, less allowance for finance receivable losses	5,149	6,897
Finance receivables held for sale	166	819
Notes receivable from parent and affiliates	0	0
Restricted cash and cash equivalents	0	0
Other assets:
Commercial mortgage loans	45	62
Escrow advance receivable	9	11
Receivables from parent and affiliates	0	0
Receivables related to sales of real estate loans and related trust assets	0	0
Liabilities
Long-term debt	0	0
Payables to parent and affiliates	$ 0	$ 0

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Assets
Available-for-sale securities	$ 568,000,000	$ 591,000,000
Trading securities	4,000,000	12,000,000
Total investment securities	573,000,000	604,000,000
Other securities	4,000,000	2,000,000
Transfer from Level 1 Assets to Level 2	0
Transfer from Level 2 Assets to Level 1	0
Transfer from Level 1 Liabilities to Level 2	0
Transfers from Level 2 Liabilities to Level 1	0
U.S. government and government sponsored entities
Assets
Available-for-sale securities	15,000,000	82,000,000
Obligations of states, municipalities, and political subdivisions
Assets
Available-for-sale securities	79,000,000	89,000,000
Corporate debt
Assets
Available-for-sale securities	354,000,000	267,000,000
Trading securities	2,000,000	10,000,000
Residential mortgage-backed securities (“RMBS”)
Assets
Available-for-sale securities	37,000,000	74,000,000
Commercial mortgage-backed securities (“CMBS”)
Assets
Available-for-sale securities	38,000,000	44,000,000
Trading securities	2,000,000	2,000,000
Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Assets
Available-for-sale securities	36,000,000	29,000,000
Bonds
Assets
Available-for-sale securities	561,000,000	585,000,000
Preferred stock
Assets
Available-for-sale securities	6,000,000	5,000,000
Other long-term investments
Assets
Available-for-sale securities	1,000,000	1,000,000
Total Carried At Fair Value
Assets
Cash and cash equivalents	272,000,000	321,000,000
Not carried at fair value \| Common Stock
Assets
Available-for-sale securities	1,000,000	1,000,000
Fair Value Measurements Using Level 1
Assets
Cash and cash equivalents	233,000,000	321,000,000
Fair Value Measurements Using Level 2
Assets
Cash and cash equivalents	39,000,000	0
Fair Value Measurements Using Level 3
Assets
Cash and cash equivalents	0	0
Recurring basis
Assets
Other securities		2,000,000
Recurring basis \| Total Carried At Fair Value
Assets
Cash equivalents in mutual funds	123,000,000	224,000,000
Cash and cash equivalents	39,000,000
Available-for-sale securities	568,000,000	591,000,000
Trading securities	4,000,000	12,000,000
Total investment securities	572,000,000	603,000,000
Restricted cash in mutual funds	163,000,000	276,000,000
Total	897,000,000	1,103,000,000
Recurring basis \| Total Carried At Fair Value \| U.S. government and government sponsored entities
Assets
Available-for-sale securities	15,000,000	82,000,000
Recurring basis \| Total Carried At Fair Value \| Obligations of states, municipalities, and political subdivisions
Assets
Available-for-sale securities	79,000,000	89,000,000
Recurring basis \| Total Carried At Fair Value \| Non-US government and government sponsored entities
Assets
Available-for-sale securities	2,000,000
Recurring basis \| Total Carried At Fair Value \| Corporate debt
Assets
Available-for-sale securities	354,000,000	267,000,000
Trading securities	2,000,000	10,000,000
Recurring basis \| Total Carried At Fair Value \| Residential mortgage-backed securities (“RMBS”)
Assets
Available-for-sale securities	37,000,000	74,000,000
Recurring basis \| Total Carried At Fair Value \| Commercial mortgage-backed securities (“CMBS”)
Assets
Available-for-sale securities	38,000,000	44,000,000
Trading securities	2,000,000	2,000,000
Recurring basis \| Total Carried At Fair Value \| Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Assets
Available-for-sale securities	36,000,000	29,000,000
Recurring basis \| Total Carried At Fair Value \| Bonds
Assets
Available-for-sale securities	561,000,000	585,000,000
Recurring basis \| Total Carried At Fair Value \| Preferred stock
Assets
Available-for-sale securities	6,000,000	5,000,000
Recurring basis \| Total Carried At Fair Value \| Other long-term investments
Assets
Available-for-sale securities	1,000,000	1,000,000
Recurring basis \| Fair Value Measurements Using Level 1
Assets
Cash equivalents in mutual funds	123,000,000	224,000,000
Cash and cash equivalents	0
Available-for-sale securities	0	0
Trading securities	0	0
Total investment securities	0	0
Restricted cash in mutual funds	163,000,000	276,000,000
Total	286,000,000	500,000,000
Recurring basis \| Fair Value Measurements Using Level 1 \| U.S. government and government sponsored entities
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 1 \| Obligations of states, municipalities, and political subdivisions
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 1 \| Non-US government and government sponsored entities
Assets
Available-for-sale securities	0
Recurring basis \| Fair Value Measurements Using Level 1 \| Corporate debt
Assets
Available-for-sale securities	0	0
Trading securities	0	0
Recurring basis \| Fair Value Measurements Using Level 1 \| Residential mortgage-backed securities (“RMBS”)
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 1 \| Commercial mortgage-backed securities (“CMBS”)
Assets
Available-for-sale securities	0	0
Trading securities	0	0
Recurring basis \| Fair Value Measurements Using Level 1 \| Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 1 \| Bonds
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 1 \| Preferred stock
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 1 \| Other long-term investments
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 2
Assets
Cash equivalents in mutual funds	0	0
Cash and cash equivalents	39,000,000
Available-for-sale securities	567,000,000	590,000,000
Trading securities	4,000,000	12,000,000
Total investment securities	571,000,000	602,000,000
Restricted cash in mutual funds	0	0
Total	610,000,000	602,000,000
Recurring basis \| Fair Value Measurements Using Level 2 \| U.S. government and government sponsored entities
Assets
Available-for-sale securities	15,000,000	82,000,000
Recurring basis \| Fair Value Measurements Using Level 2 \| Obligations of states, municipalities, and political subdivisions
Assets
Available-for-sale securities	79,000,000	89,000,000
Recurring basis \| Fair Value Measurements Using Level 2 \| Non-US government and government sponsored entities
Assets
Available-for-sale securities	2,000,000
Recurring basis \| Fair Value Measurements Using Level 2 \| Corporate debt
Assets
Available-for-sale securities	354,000,000	267,000,000
Trading securities	2,000,000	10,000,000
Recurring basis \| Fair Value Measurements Using Level 2 \| Residential mortgage-backed securities (“RMBS”)
Assets
Available-for-sale securities	37,000,000	74,000,000
Recurring basis \| Fair Value Measurements Using Level 2 \| Commercial mortgage-backed securities (“CMBS”)
Assets
Available-for-sale securities	38,000,000	44,000,000
Trading securities	2,000,000	2,000,000
Recurring basis \| Fair Value Measurements Using Level 2 \| Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Assets
Available-for-sale securities	36,000,000	29,000,000
Recurring basis \| Fair Value Measurements Using Level 2 \| Bonds
Assets
Available-for-sale securities	561,000,000	585,000,000
Recurring basis \| Fair Value Measurements Using Level 2 \| Preferred stock
Assets
Available-for-sale securities	6,000,000	5,000,000
Recurring basis \| Fair Value Measurements Using Level 2 \| Other long-term investments
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 3
Assets
Cash equivalents in mutual funds	0	0
Cash and cash equivalents	0
Available-for-sale securities	1,000,000	1,000,000
Trading securities	0	0
Total investment securities	1,000,000	1,000,000
Restricted cash in mutual funds	0	0
Total	1,000,000	1,000,000
Recurring basis \| Fair Value Measurements Using Level 3 \| U.S. government and government sponsored entities
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 3 \| Obligations of states, municipalities, and political subdivisions
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 3 \| Non-US government and government sponsored entities
Assets
Available-for-sale securities	0
Recurring basis \| Fair Value Measurements Using Level 3 \| Corporate debt
Assets
Available-for-sale securities	0	0
Trading securities	0	0
Recurring basis \| Fair Value Measurements Using Level 3 \| Residential mortgage-backed securities (“RMBS”)
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 3 \| Commercial mortgage-backed securities (“CMBS”)
Assets
Available-for-sale securities	0	0
Trading securities	0	0
Recurring basis \| Fair Value Measurements Using Level 3 \| Collateralized debt obligations (“CDO”)/Asset-backed securities (“ABS”)
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 3 \| Bonds
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 3 \| Preferred stock
Assets
Available-for-sale securities	0	0
Recurring basis \| Fair Value Measurements Using Level 3 \| Other long-term investments
Assets
Available-for-sale securities	$ 1,000,000	$ 1,000,000

Fair Value Measurements - Chang

Fair Value Measurements - Changes in Level 3 Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Purchases, sales, issues, settlements	$ 0	$ 10	$ 0	$ 6
Purchases, sales, issues, settlements	0	10	0	6
Investment securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	1		1	8
Net gains (losses) included in: Other revenues	0	0	0	0
Net gains (losses) included in: Other comprehensive income (loss)	0	0	0	0
Purchases, sales, issues, settlements	0	10	0	6
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	(3)
Balance at end of period	1	11	1	11
Purchases, sales, issues, settlements	0	10	0	6
Bonds \| Available-for-sale securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period				7
Net gains (losses) included in: Other revenues				0
Net gains (losses) included in: Other comprehensive income (loss)				0
Purchases, sales, issues, settlements				(4)
Transfers into Level 3				0
Transfers out of Level 3				(3)
Balance at end of period		0		0
Purchases, sales, issues, settlements				(4)
Corporate debt \| Available-for-sale securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period				4
Net gains (losses) included in: Other revenues				0
Net gains (losses) included in: Other comprehensive income (loss)				0
Purchases, sales, issues, settlements				(4)
Transfers into Level 3				0
Transfers out of Level 3				0
Balance at end of period		0		0
Settlements	0	0	0	(4)
Purchases, sales, issues, settlements				(4)
Commercial mortgage-backed securities (“CMBS”) \| Available-for-sale securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period				3
Net gains (losses) included in: Other revenues				0
Net gains (losses) included in: Other comprehensive income (loss)				0
Purchases, sales, issues, settlements				0
Transfers into Level 3				0
Transfers out of Level 3				(3)
Balance at end of period		0		0
Purchases, sales, issues, settlements				0
Preferred stock \| Available-for-sale securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	0			0
Net gains (losses) included in: Other revenues		0		0
Net gains (losses) included in: Other comprehensive income (loss)		0		0
Purchases, sales, issues, settlements		10		10
Transfers into Level 3		0		0
Transfers out of Level 3		0		0
Balance at end of period		10		10
Available-for-sale securities	0	10	0	10
Purchases, sales, issues, settlements		10		10
Other long-term investments \| Available-for-sale securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	1		1	1
Net gains (losses) included in: Other revenues	0	0	0	0
Net gains (losses) included in: Other comprehensive income (loss)	0	0	0	0
Purchases, sales, issues, settlements	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Balance at end of period	1	1	1	1
Purchases, sales, issues, settlements	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative Information About Level 3 Inputs (Details) - Level 3 - Recurring - Discounted cash flows $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)bond
Corporate debt
Unobservable Input
Number of Bonds \| bond	1
Residential mortgage-backed securities (“RMBS”)
Valuation of Level 3 Financial Instruments
Fair Value Inputs, Entity Credit Risk	6.65%
Unobservable Input
Minimum disclosure amount of debt instrument, fair value disclosure. \| $	$ 1

Fair Value Measurements - Non-R

Fair Value Measurements - Non-Recurring Basis (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Assets measured at fair value on a non-recurring basis
Debt carried at Fair Value under the Fair Value Option	$ 0		$ 0
Non-recurring basis
Assets measured at fair value on a non-recurring basis
Assets at fair value	166,000,000		166,000,000		$ 19,000,000
Total impairment charges	0	$ 1,000,000	7,000,000	$ 1,000,000
Non-recurring basis \| Total Finance Receivables Held for Sale
Assets measured at fair value on a non-recurring basis
Assets at fair value	157,000,000		157,000,000
Impairment of real estate	0	0	5,000,000	0
Non-recurring basis \| Real estate owned
Assets measured at fair value on a non-recurring basis
Assets at fair value	6,000,000		6,000,000		11,000,000
Impairment of real estate	1,000,000	1,000,000	2,000,000	3,000,000
Non-recurring basis \| Commercial mortgage loans
Assets measured at fair value on a non-recurring basis
Assets at fair value	3,000,000		3,000,000		8,000,000
Impairment of real estate	(1,000,000)	$ 0	0	$ (2,000,000)
Non-recurring basis \| Level 1
Assets measured at fair value on a non-recurring basis
Assets at fair value	0		0		0
Non-recurring basis \| Level 1 \| Total Finance Receivables Held for Sale
Assets measured at fair value on a non-recurring basis
Assets at fair value	0		0
Non-recurring basis \| Level 1 \| Real estate owned
Assets measured at fair value on a non-recurring basis
Assets at fair value	0		0		0
Non-recurring basis \| Level 1 \| Commercial mortgage loans
Assets measured at fair value on a non-recurring basis
Assets at fair value	0		0		0
Non-recurring basis \| Level 2
Assets measured at fair value on a non-recurring basis
Assets at fair value	0		0		0
Non-recurring basis \| Level 2 \| Total Finance Receivables Held for Sale
Assets measured at fair value on a non-recurring basis
Assets at fair value	0		0
Non-recurring basis \| Level 2 \| Real estate owned
Assets measured at fair value on a non-recurring basis
Assets at fair value	0		0		0
Non-recurring basis \| Level 2 \| Commercial mortgage loans
Assets measured at fair value on a non-recurring basis
Assets at fair value	0		0		0
Non-recurring basis \| Level 3
Assets measured at fair value on a non-recurring basis
Assets at fair value	166,000,000		166,000,000		19,000,000
Non-recurring basis \| Level 3 \| Total Finance Receivables Held for Sale
Assets measured at fair value on a non-recurring basis
Assets at fair value	157,000,000		157,000,000
Non-recurring basis \| Level 3 \| Real estate owned
Assets measured at fair value on a non-recurring basis
Assets at fair value	6,000,000		6,000,000		11,000,000
Non-recurring basis \| Level 3 \| Commercial mortgage loans
Assets measured at fair value on a non-recurring basis
Assets at fair value	$ 3,000,000		$ 3,000,000		$ 8,000,000