v3.22.2.2
Reserves for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]  
Schedule of Key Variables in Macroeconomic Scenarios Utilized for Computation of Reserves for Credit Losses
The following table reflects the range of macroeconomic scenario key variables used, in conjunction with other inputs, to calculate reserves for credit losses:
U.S. Unemployment Rate
U.S. GDP Growth (Contraction) (a)
September 30, 2022December 31, 2021September 30, 2022December 31, 2021
Third quarter of 2022
4%
4% - 8%
2%
3% - (2)%
Fourth quarter of 2022
4% - 6%
4% - 9%
1% - (1)%
2% - 1%
Fourth quarter of 2023
4% - 8%
3% - 7%
3% - 2%
4% - 3%
Fourth quarter of 2024
4% - 6%
4% -6%
4% - 3%
3%
(a)Real GDP quarter over quarter percentage change seasonally adjusted to annualized rates.
Card Member Loans  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Schedule of Changes in Card Member Loans and Receivables
The following table presents changes in the Card Member loans reserve for credit losses for the three and nine months ended September 30:
Three Months Ended September 30,Nine Months Ended September 30,
(Millions)2022202120222021
Beginning Balance
$2,997 $3,835 $3,305 $5,344 
Provisions (a)
596 (177)757 (1,146)
Net write-offs (b)
Principal(203)(118)(560)(544)
Interest and fees(56)(43)(161)(164)
Other (c)
(15)(8)(22)(1)
Ending Balance$3,319 $3,489 $3,319 $3,489 
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Principal write-offs are presented less recoveries of $133 million and $167 million for the three months ended September 30, 2022 and 2021, respectively, and $415 million and $507 million for the nine months ended September 30, 2022 and 2021, respectively. Recoveries of interest and fees were not significant. Amounts include net (write-offs) recoveries from TDRs of $(48) million and $(36) million for the three months ended September 30, 2022 and 2021, respectively, and $(156) million and $(124) million for the nine months ended September 30, 2022 and 2021, respectively.
(c)Primarily includes foreign currency translation adjustments of $(16) million and $(8) million for the three months ended September 30, 2022 and 2021, respectively, and $(22) million and $(2) million for the nine months ended September 30, 2022 and 2021, respectively.
Card Member Receivables  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Schedule of Changes in Card Member Loans and Receivables
The following table presents changes in the Card Member receivables reserve for credit losses for the three and nine months ended September 30:
Three Months Ended September 30,Nine Months Ended September 30,
(Millions)2022202120222021
Beginning Balance
$119 $73 $64 $267 
Provisions (a)
165 (12)383 (147)
Net write-offs (b)
(122)(32)(284)(89)
Other (c)
(3)1 (4)(1)
Ending Balance$159 $30 $159 $30 
(a)Provisions for principal and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Net write-offs are presented less recoveries of $60 million and $79 million for the three months ended September 30, 2022 and 2021, respectively, and $195 million and $303 million for the nine months ended September 30, 2022 and 2021, respectively. Amounts include net (write-offs) recoveries from TDRs of $(19) million and $(15) million for the three months ended September 30, 2022 and 2021, respectively, and $(48) million and $(51) million for the nine months ended September 30, 2022 and 2021, respectively.
(c)Primarily includes foreign currency translation adjustments of $(2) million and nil for the three months ended September 30, 2022 and 2021, respectively, and $(4) million and $(1) million for the nine months ended September 30, 2022 and 2021, respectively.