v3.22.4
Prepaid Expenses and Other Assets
 12 Months Ended
Dec. 31, 2022
Prepaid Expense and Other Assets [Abstract]  
Prepaid Expenses and Other Assets Prepaid Expenses and Other Assets
Prepaid expenses and other current assets consisted of the following at December 31:
20222021
(in millions)
Customer and merchant incentives$1,392 $1,326 
Prepaid income taxes34 92 
Other920 853 
Total prepaid expenses and other current assets$2,346 $2,271 
Other assets consisted of the following at December 31:
20222021
(in millions)
Customer and merchant incentives$4,578 $3,798 
Equity investments1,730 1,834 
Income taxes receivable633 645 
Other639 717 
Total other assets$7,580 $6,994 
Customer and merchant incentives represent payments made to customers and merchants under business agreements. Payments made directly related to entering into such an agreement are generally capitalized and amortized over the life of the agreement.