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Reserves for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2021
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)
|  | March 31, 2021 |  | December 31, 2020 |  | March 31, 2021 |  | December 31, 2020
First quarter of 2021 |  | 6% |  | 7% - 8% |  | 3% |  | 4% - (5)%
Fourth quarter of 2021 |  | 6% - 9% |  | 7% - 11% |  | 6% - (2)% |  | 6% - (2)%
Fourth quarter of 2022 |  | 4% - 11% |  | 6% - 12% |  | 4% - 2% |  | 4% - 3%
Fourth quarter of 2023 |  | 4% - 10% |  | 4% -10% |  | 5% - 2% |  | 5% - 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 months ended March 31:
|  | Three Months Ended March 31, |  |
(Millions) |  | 2021 |  | 2020 |  |  |  |
Beginning Balance |  | $ | 5,344 |  |  | $ | 4,027 |  |  |  |  |
Provisions (a) |  | (573) |  |  | 1,876 |  |  |  |  |
Net write-offs (b) |  |  |  |  |  |  |  |
Principal |  | (241) |  |  | (518) |  |  |  |  |
Interest and fees |  | (63) |  |  | (107) |  |  |  |  |
Other (c) |  | — |  |  | (42) |  |  |  |  |
Ending Balance |  | $ | 4,467 |  |  | $ | 5,236 |  |  |  |  |
(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 $168 million and $145 million for the three months ended March 31, 2021 and 2020, respectively. Recoveries of interest and fees were not significant. Amounts include net (write-offs) recoveries from TDRs of $(45) million and $(31) million for the three months March 31, 2021 and 2020, respectively. (c)Primarily includes foreign currency translation adjustments of $(1) million and $(42) million for the three months ended March 31, 2021 and 2020, 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 months ended March 31:
|  | Three Months Ended March 31, |  |
(Millions) |  | 2021 |  | 2020 |  |  |  |
Beginning Balance (a) |  | $ | 267 |  |  | $ | 126 |  |  |  |  |
Provisions (a) |  | (10) |  |  | 597 |  |  |  |  |
Net write-offs (b) |  | (53) |  |  | (258) |  |  |  |  |
Other (c) |  | (2) |  |  | (6) |  |  |  |  |
Ending Balance |  | $ | 202 |  |  | $ | 459 |  |  |  |  |
(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 $97 million and $92 million for the three months ended March 31, 2021 and 2020, respectively. Amounts include net (write-offs) recoveries from TDRs of $(20) million and $(7) million for the three months ended March 31, 2021 and 2020, respectively. (c)Primarily includes foreign currency translation adjustments of $(1) million and $(5) million for the three months ended March 31, 2021 and 2020, respectively.

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
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