Rendering
| Component: (Network and Table) |
|---|
| Network | 2325301 - Disclosure - Borrowings (Tables) (http://www.synchronyfinancial.com/role/BorrowingsTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0001601712 (http://www.sec.gov/CIK) |
| Banking and Thrift [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Banking and Thrift [Abstract] | |
Schedule of Debt | | | | | | | | | | 2016 Issuances ($ in millions): | | | | | | Issuance Date | Principal Amount | | Maturity | | Interest Rate | May 9, 2016 | $ | 500 |
| | 2017 | | Floating rate (three-month LIBOR plus 1.40%) | August 4, 2016 | $ | 500 |
| | 2026 | | 3.700% | August 29, 2016 | $ | 200 |
| | 2017 | | Floating rate (three-month LIBOR plus 1.40%) | | | | | | |
| | | | | | | | | | | | | | | | | 2016 | | 2015 | At December 31 ($ in millions) | Maturity date | | Interest Rate | | Weighted average interest rate | | Outstanding Amount(a) | | Outstanding Amount(a) | | | | | | | | | | | Borrowings of consolidated securitization entities: | | | | | | | | | | Fixed securitized borrowings | 2017 - 2021 | | 1.35% - 4.47% | | 1.90 | % | | $ | 8,731 |
| | $ | 6,383 |
| Floating securitized borrowings | 2017 - 2019 | | 1.22% - 1.84% | | 1.53 | % | | 3,657 |
| | 7,206 |
| Total borrowings of consolidated securitization entities | | | | | 1.79 | % | | 12,388 |
| | 13,589 |
| | | | | | | | | | | Senior unsecured notes: | | | | | | | | | | Fixed senior unsecured notes | 2017 - 2026 | | 1.87% - 4.50% | | 3.41 | % | | 6,811 |
| | 6,308 |
| Floating senior unsecured notes | 2017 - 2020 | | 2.11% - 2.29% | | 2.24 | % | | 948 |
| | 249 |
| Total senior unsecured notes | | | | | 3.26 | % | | 7,759 |
| | 6,557 |
| | | | | | | | | | | Bank term loan | | |
| | | | — |
| | 4,133 |
| | | | | | | | | | | Total borrowings | | | | | | | $ | 20,147 |
| | $ | 24,279 |
|
___________________ | | (a) | The amounts presented above for outstanding borrowings include unamortized debt premiums, discounts and issuance costs. |
|
Schedule of Maturities of Long-term Debt | The following table summarizes the maturities of the principal amount of our borrowings of consolidated securitization entities and senior unsecured notes over the next five years and thereafter: | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | 2017 |
| | 2018 |
| | 2019 |
| | 2020 |
| | 2021 |
| | Thereafter |
| Borrowings | $ | 3,977 |
| | $ | 3,207 |
| | $ | 6,735 |
| | $ | 2,124 |
| | $ | 1,408 |
| | $ | 2,750 |
|
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