2021 Q4 Form 10-K Financial Statement

#000139361222000007 Filed on February 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $10.65B $2.760B
YoY Change -4.0% -9.18%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $500.0M
YoY Change -7.41%
% of Gross Profit
Depreciation & Amortization $144.0M $531.0M $123.0M
YoY Change 17.07% 9.48% 1.65%
% of Gross Profit
Operating Expenses $500.0M
YoY Change -7.41%
Operating Profit
YoY Change
Interest Expense $1.134B $383.0M
YoY Change -39.2% -37.72%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.361B $7.064B $1.015B
YoY Change 34.09% 392.26% 9.85%
Income Tax $294.0M $1.615B $216.0M
% Of Pretax Income 21.6% 22.86% 21.28%
Net Earnings $1.067B $5.449B $799.0M
YoY Change 33.54% 377.56% 12.85%
Net Earnings / Revenue 51.16% 28.95%
Basic Earnings Per Share $17.85 $2.59
Diluted Earnings Per Share $3.667M $17.83 $2.59
COMMON SHARES
Basic Shares Outstanding 293.1M shares 300.0M shares 306.5M shares
Diluted Shares Outstanding 300.0M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.65B $23.48B
YoY Change -33.32% 34.01%
Cash & Equivalents $8.750B $13.56B
Short-Term Investments $6.904B $9.914B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $983.0M $983.0M $1.027B
YoY Change -4.28% -4.28% -2.84%
Goodwill $255.0M $255.0M
YoY Change 0.0% 0.0%
Intangibles $0.00 $95.00M
YoY Change -100.0% -38.71%
Long-Term Investments $388.0M $388.0M $353.0M
YoY Change 9.92% 9.92% 5.06%
Other Assets $1.494B
YoY Change -15.83%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $110.2B $110.2B $112.9B
YoY Change -2.34% -2.34% -0.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.214B $4.214B $3.860B
YoY Change 9.17% 9.17% 4.61%
Deferred Revenue
YoY Change
Short-Term Debt $1.750B $1.750B
YoY Change
Long-Term Debt Due $5.185B $5.185B $4.217B
YoY Change 22.95% 22.95% -19.63%
Total Short-Term Liabilities $9.399B $9.399B $8.077B
YoY Change 16.37% 16.37% -9.62%
LONG-TERM LIABILITIES
Long-Term Debt $13.29B $13.29B $17.02B
YoY Change -21.92% -21.92% -16.77%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $13.29B $13.29B $17.02B
YoY Change -21.92% -21.92% -16.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.399B $9.399B $8.077B
Total Long-Term Liabilities $13.29B $13.29B $17.02B
Total Liabilities $96.83B $96.83B $102.0B
YoY Change -5.07% -5.07% -0.13%
SHAREHOLDERS EQUITY
Retained Earnings $24.77B $19.96B
YoY Change 24.11% -6.27%
Common Stock $6.000M $6.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.70B $14.44B
YoY Change 15.66% 2.47%
Treasury Stock Shares 280.5M shares 261.3M shares
Shareholders Equity $13.41B $13.41B $10.88B
YoY Change
Total Liabilities & Shareholders Equity $110.2B $110.2B $112.9B
YoY Change -2.34% -2.34% -0.97%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $1.067B $5.449B $799.0M
YoY Change 33.54% 377.56% 12.85%
Depreciation, Depletion And Amortization $144.0M $531.0M $123.0M
YoY Change 17.07% 9.48% 1.65%
Cash From Operating Activities $1.342B $6.019B $1.633B
YoY Change -17.82% -2.86% 11.54%
INVESTING ACTIVITIES
Capital Expenditures -$48.00M $194.0M -$55.00M
YoY Change -12.73% -25.67% -23.61%
Acquisitions
YoY Change
Other Investing Activities -$3.343B $234.0M $3.751B
YoY Change -189.12% -86.82% -225.75%
Cash From Investing Activities -$3.391B $40.00M $3.696B
YoY Change -191.75% -97.36% -220.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.251B
YoY Change 565.98%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 633.0M -$8.316B -1.829B
YoY Change -134.61% 666.45% -174.87%
NET CHANGE
Cash From Operating Activities 1.342B $6.019B 1.633B
Cash From Investing Activities -3.391B $40.00M 3.696B
Cash From Financing Activities 633.0M -$8.316B -1.829B
Net Change In Cash -1.416B -$2.257B 3.500B
YoY Change -140.46% -134.07% 310.8%
FREE CASH FLOW
Cash From Operating Activities $1.342B $6.019B $1.633B
Capital Expenditures -$48.00M $194.0M -$55.00M
Free Cash Flow $1.390B $5.825B $1.688B
YoY Change -17.65% -1.85% 9.9%

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The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. The Company believes that the estimates used in the preparation of the consolidated financial statements are reasonable. Actual results could differ from these estimates.
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CY2021 us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
<div style="margin-bottom:5pt;margin-top:15pt"><span style="color:#000000;font-family:'Futura LT Medium',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Significant Revenue Recognition Accounting Policies</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Futura LT Medium',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Loan Interest and Fee Income</span></div><div style="margin-bottom:10pt;text-indent:27pt"><span style="color:#000000;font-family:'Futura LT Medium',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest on loans is composed largely of interest on credit card loans and is recognized based on the amount of loans outstanding and their contractual interest rate. Interest on credit card loans is included in loan receivables when billed to the customer. The Company accrues unbilled interest revenue each month from a customer’s billing cycle date to the end of the month. The Company applies an estimate of the percentage of loans that will revolve in the next cycle in the estimation of the accrued unbilled portion of interest revenue that is included in other assets on the consolidated statements of financial condition. Interest on other loan receivables is accrued each month in accordance with their contractual terms and recorded in other assets in the consolidated statements of financial condition.</span></div><div style="margin-bottom:10pt;text-indent:27pt"><span style="color:#000000;font-family:'Futura LT Medium',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company recognizes fees (except balance transfer fees and certain product fees) on loan receivables in interest income or loan fee income as the fees are assessed. Balance transfer fees and certain product fees are recognized in interest income or loan fee income ratably over the periods to which they relate. Balance transfer fees are accreted to interest income over the estimated life of the related balance. As of December 31, 2021 and 2020, deferred revenues related to balance transfer fees, recorded as a reduction of loan receivables, were $62 million. Loan fee income consists of fees on credit card loans and includes late, cash advance, returned check and other miscellaneous fees and is reflected net of waivers and charge-offs.</span></div><div style="margin-bottom:10pt;text-indent:27pt"><span style="color:#000000;font-family:'Futura LT Medium',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Direct loan origination costs on credit card loans are deferred and amortized on a straight-line basis over a one year period and recorded in interest income from credit card loans. Direct loan origination costs on other loan receivables are deferred and amortized over the life of the loan using the interest method and are recorded in interest income from other loans. As of December 31, 2021 and 2020, the remaining unamortized deferred costs related to loan origination were $222 million and $157 million, respectively, and were recorded in loan receivables. </span></div><div style="margin-bottom:10pt;text-indent:27pt"><span style="color:#000000;font-family:'Futura LT Medium',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company accrues interest and fees on credit card and closed-end loan receivables until the loans are paid or charged off, except in instances of customer bankruptcy, death or suspected fraud, where no further interest and fee accruals occur following notification. Upon completion of the fraud investigation, non-fraudulent credit card and closed-end consumer loan receivables may resume accruing interest. Payments received on non-accrual loans are allocated according to the same payment hierarchy applied to loans that are accruing interest. When loan receivables are charged off, unpaid accrued interest and fees are reversed against the income line items in which they were originally recorded in the consolidated statements of income. Charge-offs and recoveries of amounts that relate to capitalized interest on private student loans are treated as principal charge-offs and recoveries, affecting the provision for credit losses rather than interest income. The Company considers uncollectible interest and fee revenues in assessing the adequacy of the allowance for credit losses. </span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Futura LT Medium',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest income from loans accounted for as troubled debt restructurings is accounted for in the same manner as other accruing loans. Cash collections on these loans are allocated according to the same payment hierarchy applied to loans that are not in such programs.</span></div>
CY2021Q4 us-gaap Deferred Costs Credit Card Origination Costs Amount
DeferredCostsCreditCardOriginationCostsAmount
222000000 USD
CY2020Q4 us-gaap Deferred Costs Credit Card Origination Costs Amount
DeferredCostsCreditCardOriginationCostsAmount
157000000 USD
CY2020Q4 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
62000000 USD
CY2021 dfs Credit Card Rewards Cost Adjusted For Estimated Forfeitures
CreditCardRewardsCostAdjustedForEstimatedForfeitures
2500000000 USD
CY2020 dfs Credit Card Rewards Cost Adjusted For Estimated Forfeitures
CreditCardRewardsCostAdjustedForEstimatedForfeitures
1900000000 USD
CY2019 dfs Credit Card Rewards Cost Adjusted For Estimated Forfeitures
CreditCardRewardsCostAdjustedForEstimatedForfeitures
1900000000 USD
CY2021Q4 dfs Credit Card Rewards Liability Net
CreditCardRewardsLiabilityNet
2000000000 USD
CY2020Q4 dfs Credit Card Rewards Liability Net
CreditCardRewardsLiabilityNet
1700000000 USD
CY2021Q4 dfs Unamortrized Deferred Incentive Payments
UnamortrizedDeferredIncentivePayments
33000000 USD
CY2021Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
0 USD
CY2020Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
2200000000 USD
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
6904000000 USD
CY2020Q4 us-gaap Marketable Securities
MarketableSecurities
9914000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
6549000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
151000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
6700000000 USD
CY2021Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
204000000 USD
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
3000000 USD
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
1000000 USD
CY2021Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
206000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
9277000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
377000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
9654000000 USD
CY2020Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
260000000 USD
CY2020Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
9000000 USD
CY2020Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
0 USD
CY2020Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
269000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0 securities
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
5000000 USD
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2020 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2019 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1997000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
4380000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
165000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
7000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
6549000000 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
0 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
0 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
0 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
204000000 USD
CY2021Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
204000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
2016000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
4507000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
170000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
7000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
6700000000 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
0 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
0 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
0 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
206000000 USD
CY2021Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
206000000 USD
CY2021Q4 dfs Available For Sale Securities Debt Maturities Within One Year Percentage
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearPercentage
0.0231
CY2021Q4 dfs Available For Sale Securities Debt Maturities After One Year Through Five Years Percentage
AvailableForSaleSecuritiesDebtMaturitiesAfterOneYearThroughFiveYearsPercentage
0.0222
CY2021Q4 dfs Available For Sale Securities Debt Maturities After Five Years Through Ten Years Percentage
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsThroughTenYearsPercentage
0.0203
CY2021Q4 dfs Available For Sale Securities Debt Maturities After Ten Years Percentage
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsPercentage
0.0090
CY2021Q4 dfs Available For Sale Securities Debt Maturities Percentage
AvailableForSaleSecuritiesDebtMaturitiesPercentage
0.0224
CY2021Q4 dfs Held To Maturity Securities Debt Maturities Within One Year Percentage
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearPercentage
0
CY2021Q4 dfs Held To Maturity Securities Debt Maturities After One Year Through Five Years Percentage
HeldToMaturitySecuritiesDebtMaturitiesAfterOneYearThroughFiveYearsPercentage
0
CY2021Q4 dfs Held To Maturity Securities Debt Maturities After Five Years Though Ten Years Percentage
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveYearsThoughTenYearsPercentage
0
CY2021Q4 dfs Held To Maturity Securities Debt Maturities After Ten Years Percentage
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsPercentage
0.0279
CY2021Q4 dfs Held To Maturity Securities Debt Maturities Percentage
HeldToMaturitySecuritiesDebtMaturitiesPercentage
0.0279
CY2021 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
182000000 USD
CY2020 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
252000000 USD
CY2019 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
179000000 USD
CY2021 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
0 USD
CY2020 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
0 USD
CY2019 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
0 USD
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
423000000 USD
CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
0 USD
CY2021 dfs Loan Portfolio Segments
LoanPortfolioSegments
2 segment
CY2021 dfs Loan Portfolio Segments
LoanPortfolioSegments
2 segment
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
93684000000 USD
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
90449000000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6822000000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8226000000 USD
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
86862000000 USD
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
82223000000 USD
CY2021Q4 dfs Revolving Lineof Credit Arrangement Convertedto Term Loanthrough Loan Modification Program Ending Balance
RevolvingLineofCreditArrangementConvertedtoTermLoanthroughLoanModificationProgramEndingBalance
813000000 USD
CY2020Q4 dfs Revolving Lineof Credit Arrangement Convertedto Term Loanthrough Loan Modification Program Ending Balance
RevolvingLineofCreditArrangementConvertedtoTermLoanthroughLoanModificationProgramEndingBalance
1000000000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8226000000 USD
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
227000000 USD
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2534000000 USD
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
903000000 USD
CY2021 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
1631000000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6822000000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3383000000 USD
CY2020Q1 dfs Cumulative Effectof Asu No.201613 Adoption
CumulativeEffectofASUNo.201613Adoption
2461000000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5844000000 USD
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
5117000000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3476000000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
741000000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
2735000000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8226000000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3041000000 USD
CY2019 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3231000000 USD
CY2019 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3617000000 USD
CY2019 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
731000000 USD
CY2019 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
2886000000 USD
CY2019 dfs Financing Receivable Allowancefor Credit Loss Other Adjustment
FinancingReceivableAllowanceforCreditLossOtherAdjustment
-3000000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3383000000 USD
CY2021 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-9000000 USD
CY2020 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
17000000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6800000000 USD
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-1400000000 USD
CY2020Q3 dfs Financing Receivable Allowancefor Credit Loss Reasonableand Supportable Forecast Period
FinancingReceivableAllowanceforCreditLossReasonableandSupportableForecastPeriod
P18M
CY2021Q4 dfs Expected Future Peak Unemployment Rate
ExpectedFuturePeakUnemploymentRate
0.057
CY2021Q4 dfs Expected Future Unemployment Rate
ExpectedFutureUnemploymentRate
0.040
CY2021Q4 dfs Expected Future Increasein Gdp
ExpectedFutureIncreaseinGDP
0.033
CY2020Q4 dfs Financing Receivable Allowancefor Credit Loss Reasonableand Supportable Forecast Period
FinancingReceivableAllowanceforCreditLossReasonableandSupportableForecastPeriod
P18M
CY2020Q3 dfs Financing Receivable Allowancefor Credit Loss Reasonableand Supportable Forecast Period
FinancingReceivableAllowanceforCreditLossReasonableandSupportableForecastPeriod
P18M
CY2020Q2 dfs Financing Receivable Allowancefor Credit Loss Reasonableand Supportable Forecast Period
FinancingReceivableAllowanceforCreditLossReasonableandSupportableForecastPeriod
P18M
CY2021 dfs Financing Receivable Allowancefor Credit Loss Reasonableand Supportable Forecast Period
FinancingReceivableAllowanceforCreditLossReasonableandSupportableForecastPeriod
P18M
CY2020Q1 dfs Financing Receivable Allowancefor Credit Loss Reasonableand Supportable Forecast Period
FinancingReceivableAllowanceforCreditLossReasonableandSupportableForecastPeriod
P12M
CY2020Q4 dfs Financing Receivable Allowancefor Credit Loss Reasonableand Supportable Forecast Period
FinancingReceivableAllowanceforCreditLossReasonableandSupportableForecastPeriod
P18M
CY2020Q2 dfs Financing Receivable Allowancefor Credit Loss Reasonableand Supportable Forecast Period
FinancingReceivableAllowanceforCreditLossReasonableandSupportableForecastPeriod
P18M
CY2021 dfs Financing Receivable Allowancefor Credit Loss Reasonableand Supportable Forecast Period
FinancingReceivableAllowanceforCreditLossReasonableandSupportableForecastPeriod
P18M
CY2020 dfs Financing Receivable Allowancefor Credit Loss Reversion Period
FinancingReceivableAllowanceforCreditLossReversionPeriod
P12M
CY2021 dfs Financing Receivable Allowancefor Credit Loss Reversion Period
FinancingReceivableAllowanceforCreditLossReversionPeriod
P12M
CY2021 dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
286000000 USD
CY2020 dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
484000000 USD
CY2019 dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
515000000 USD
CY2021 dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
75000000 USD
CY2020 dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
117000000 USD
CY2019 dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
123000000 USD
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
575000000 USD
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
225000000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
737000000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
243000000 USD
CY2021 dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.66
CY2020 dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.53
CY2019 dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.38
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2832000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2737000000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
84000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
983000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1027000000 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
86000000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
98000000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
103000000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
100000000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
80000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
77000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
74000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3000000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
92000000 USD
CY2021 dfs Deposits Source Channels
DepositsSourceChannels
2 channels
CY2021Q4 us-gaap Deposit Liability Uninsured
DepositLiabilityUninsured
8200000000 USD
CY2020Q4 us-gaap Deposit Liability Uninsured
DepositLiabilityUninsured
7300000000 USD
CY2021Q4 us-gaap Time Deposit Liability Above Us Insurance Limit Maturity Three Months Or Less
TimeDepositLiabilityAboveUsInsuranceLimitMaturityThreeMonthsOrLess
157000000 USD
CY2021Q4 us-gaap Time Deposit Liability Above Us Insurance Limit Maturity Over Three Months Through Six Months
TimeDepositLiabilityAboveUsInsuranceLimitMaturityOverThreeMonthsThroughSixMonths
104000000 USD
CY2021Q4 us-gaap Time Deposit Liability Above Us Insurance Limit Maturity Over Six Months Through Twelve Months
TimeDepositLiabilityAboveUsInsuranceLimitMaturityOverSixMonthsThroughTwelveMonths
187000000 USD
CY2021Q4 us-gaap Time Deposit Liability Above Us Insurance Limit Maturity Over12 Months
TimeDepositLiabilityAboveUsInsuranceLimitMaturityOver12Months
86000000 USD
CY2021Q4 us-gaap Time Deposit Liability Above Us Insurance Limit
TimeDepositLiabilityAboveUsInsuranceLimit
534000000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
14214000000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
2944000000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
1499000000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
872000000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
860000000 USD
CY2021Q4 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
736000000 USD
CY2021Q4 us-gaap Time Deposits
TimeDeposits
21125000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
18477000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
21241000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5185000000 USD
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021Q4 us-gaap Off Balance Sheet Credit Loss Liability
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CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
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CY2021Q4 dfs Settlement Withholdings And Escrow Deposits
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CY2021 us-gaap Litigation Settlement Expense
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CY2020 us-gaap Litigation Settlement Expense
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CY2021 us-gaap Goodwill And Intangible Asset Impairment
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CY2020 us-gaap Goodwill And Intangible Asset Impairment
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
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CY2021Q4 dfs Derivative Collateral Rightto Reclaim Cashand Securities
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CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
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CY2020Q4 dfs Derivative Collateral Rightto Reclaim Cashand Securities
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
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CY2021 us-gaap Number Of Reportable Segments
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CY2020 us-gaap Provision For Loan Lease And Other Losses
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CY2020 us-gaap Noninterest Expense
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1435000000 USD
CY2019 us-gaap Interest And Dividend Income Operating
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CY2019 us-gaap Interest Expense
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2530000000 USD
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CY2019 us-gaap Provision For Loan Lease And Other Losses
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CY2019 us-gaap Noninterest Expense
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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3835000000 USD
CY2021 dfs Loanfeeincome
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CY2021 dfs Other Noninterest Incomenot Subjectto Asc606
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424000000 USD
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CY2021 us-gaap Noninterest Income
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CY2020 dfs Other Noninterest Incomenot Subjectto Asc606
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494000000 USD
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CY2019 us-gaap Noninterest Income
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CY2021 dfs Customer Rewardsand Issuer Interchange
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CY2019 us-gaap Interest Expense Domestic Deposit Liabilities Withdrawal Penalties
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3000000 USD
CY2021 dei Auditor Firm
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