Annual report pursuant to Section 13 and 15(d)

INCOME TAXES - Deferred Tax Assets and Liabilities (Details)

v3.19.3.a.u2
INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Income Tax Disclosure [Abstract]    
Deferred Tax Assets, Capital Loss Carryforwards $ 15  
Deferred Tax Assets, Gross [Abstract]    
Allowances for credit losses 184 $ 184
Tax credit carryforward 77 173
Deferred tax assets, operating lease liabilities 47 0
Deferred Tax Assets Purchase Accounting Adjustments 33 0
Fair value adjustments 99 95
Net operating and other loss carryforward 3 16
Market discount 3 5
Pension and other employee benefits 2 6
Partnership investments 12 14
Other assets 3 6
Total deferred tax assets 463 499
Deferred tax liabilities:    
Lease financing 359 262
Deferred dividend income 119 148
Purchase accounting adjustments 36 45
Operating assets 74 69
Deferred Tax Liability, Lease Right of Use Asset 41 0
Mortgage servicing rights 11 6
Securities adjustments 0 25
Other liabilities 0 2
Total deferred tax liabilities 640 557
Net deferred tax (liability) asset before valuation allowance (177) (58)
Valuation allowance (6) (6)
Total deferred tax liabilities $ (183) $ (64)