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10-Q
FORM 2015 AWARD CERTIFICATE FOR CASH-CONVERTED RESTRICTED STOCK UNITS UNDER DISC
FORM 2015 AWARD CERTIFICATE FOR RESTRICTED STOCK UNITS UNDER DISCOVER FINANCIAL
FORM 2015 AWARD CERTIFICATE FOR PERFORMANCE STOCK UNITS UNDER DISCOVER FINANCIAL
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND COMPUT
CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) UNDER THE SE
CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) UNDER THE SE
CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Calculation
The following table presents the calculation of the Company's effective income tax rate (dollars in millions, except effective income tax rate):
For the Three Months Ended March 31,
2015
2014
Income before income tax expense
$
908
$
1,022
Income tax expense
$
322
$
391
Effective income tax rate
35.5
%
38.3
%