2. Reconciliation of OneMain Finance Corporation Results to OneMain Holdings, Inc. Results The results of OMFC are consolidated into the results of OMH. Due to the nominal differences between OMFC and OMH, content throughout this filing relates to both OMH and OMFC. OMFC disclosures relate only to itself and not to any other company. Except where otherwise indicated, and excluding certain insignificant cash and non-cash transactions at the OMH level, these notes relate to the condensed consolidated financial statements for both companies, OMH and OMFC. In addition to certain intercompany payable and receivable amounts between the entities, the following is a reconciliation of the condensed consolidated balance sheets and results of our condensed consolidated statements of operations of OMFC to OMH: June 30, 2020 December 31, 2019 (dollars in millions) OMH OMFC Difference OMH OMFC Difference Other assets $ 1,067 $ 1,066 $ 1 $ 769 $ 768 $ 1 Deferred and accrued taxes 124 125 (1) 34 35 (1) Other liabilities 573 572 1 592 595 (3) Total shareholders' equity (a) 3,171 3,170 1 4,330 4,325 5 Three Months Ended June 30, 2020 2019 (dollars in millions) OMH OMFC Difference OMH OMFC Difference Other revenues (b) $ 10 $ 10 $  $ 30 $ 34 $ (4) Income before income taxes 118 118  256 260 (4) Income taxes 29 29  62 63 (1) Net Income 89 89  194 197 (3) Six Months Ended June 30, 2020 2019 (dollars in millions) OMH OMFC Difference OMH OMFC Difference Other revenues (b) $ 25 $ 25 $  $ 60 $ 68 $ (8) Income before income taxes 161 161  458 466 (8) Income taxes 40 40  112 113 (1) Net Income 121 121  346 353 (7) (a) The differences between total shareholders equity in the periods ended June 30, 2020 and December 31, 2019 were due to historical differences in results of operations of the companies and differences in equity awards. (b) Other revenues include the interest income on notes receivables from parent, which were notes from SFI held by OMFC and Springleaf Mortgage Holding Company and subsidiaries (SMHC), a wholly-owned direct subsidiary of OMFC. See Note 1 and below for further discussion of the merger between SFI and OMFC. The following transactions are related to OMFC and have no impact on OMH's condensed consolidated financial results. Merger of SFI into OMFC On September 20, 2019, OMFC entered into a merger agreement with its direct parent SFI, to merge SFI with and into OMFC, with OMFC as the surviving entity. The merger was effective in OMFC's condensed consolidated financial statements as of July 1, 2019. In conjunction with the merger, the net deficiency of SFI, after elimination of its investment in OMFC, was absorbed by OMFC resulting in an equity reduction of $408 million to OMFC, which included the elimination of the intercompany notes and receivables between OMFC and SFI, as discussed below. The net deficiency of SFI included an intercompany note payable plus accrued interest of $166 million from SFI to OMH, which OMFC assumed through the merger. On September 23, 2019, OMFC repaid SFIs note to OMH. Concurrently, OMH paid $22 million in other payables due to OMFC and made an equity contribution of $144 million to OMFC. The transactions noted above resulted in a net $264 million reduction to OMFC's equity. OMFC's Notes Receivable from Parent As a result of the merger between SFI and OMFC, described in Note 1 and above, a $232 million note receivable from SFI to OMFC was dissolved effective July 1, 2019. Additionally, OMFC assumed a $28 million note payable from SFI to SMHC, a wholly-owned subsidiary of OMFC, and OMFC subsequently paid off the note on September 23, 2019. For the three and six months ended June 30, 2019, interest income on these notes totaled $3 million and $7 million, respectively, which we report in other revenues. Springleaf Consumer Loan Holding Company (SCLH) Contribution On March 10, 2019, all of the outstanding capital stock of SCLH, a subsidiary of SFI, was contributed to OMFC and SCLH became a wholly-owned direct subsidiary of OMFC. The contribution was effective as of January 1, 2019 and increased OMFCs total shareholders equity and total assets by $34 million and $53 million, respectively. The contribution is presented prospectively because it is deemed to be a contribution of net assets.