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Reserves for Credit Losses (Tables) | 9 Months Ended
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Sep. 30, 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)
|  | September 30, 2021 |  |  |  | December 31, 2020 |  | September 30, 2021 |  |  |  | December 31, 2020
Third quarter of 2021 |  | 5% |  |  |  | 7% - 11% |  | 8% |  |  |  | 3% - (3)%
Fourth quarter of 2021 |  | 5% - 7% |  |  |  | 7% - 11% |  | 6% - (4)% |  |  |  | 6% - (2)%
Fourth quarter of 2022 |  | 4% - 9% |  |  |  | 6% - 12% |  | 2% - 1% |  |  |  | 4% - 3%
Fourth quarter of 2023 |  | 3% - 7% |  |  |  | 4% -10% |  | 4% - 3% |  |  |  | 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 and nine months ended September 30:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(Millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Beginning Balance |  | $ | 3,835 |  |  | $ | 5,628 |  |  | $ | 5,344 |  |  | $ | 4,027 |
Provisions (a) |  | (177) |  |  | 571 |  |  | (1,146) |  |  | 3,416 |
Net write-offs (b) |  |  |  |  |  |  |  |
Principal |  | (118) |  |  | (432) |  |  | (544) |  |  | (1,449) |
Interest and fees |  | (43) |  |  | (91) |  |  | (164) |  |  | (301) |
Other (c) |  | (8) |  |  | 12 |  |  | (1) |  |  | (5) |
Ending Balance |  | $ | 3,489 |  |  | $ | 5,688 |  |  | $ | 3,489 |  |  | $ | 5,688 |
(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 $167 million and $142 million for the three months ended September 30, 2021 and 2020, respectively, and $507 million and $421 million for the nine months ended September 30, 2021 and 2020, respectively. Recoveries of interest and fees were not significant. Amounts include net (write-offs) recoveries from TDRs of $(36) million and $(35) million for the three months ended September 30, 2021 and 2020, respectively, and $(124) million and $(98) million for the nine months ended September 30, 2021 and 2020, respectively. (c)Primarily includes foreign currency translation adjustments of $(8) million and $13 million for the three months ended September 30, 2021 and 2020, respectively, and $(2) million and $(4) million for the nine months ended September 30, 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 and nine months ended September 30:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(Millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Beginning Balance |  | $ | 73 |  |  | $ | 519 |  |  | $ | 267 |  |  | $ | 126 |
Provisions (a) |  | (12) |  |  | 117 |  |  | (147) |  |  | 1,069 |
Net write-offs (b) |  | (32) |  |  | (219) |  |  | (89) |  |  | (776) |
Other (c) |  | 1 |  |  | 5 |  |  | (1) |  |  | 3 |
Ending Balance |  | $ | 30 |  |  | $ | 422 |  |  | $ | 30 |  |  | $ | 422 |
(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 $79 million and $103 million for the three months ended September 30, 2021 and 2020, respectively, and $303 million and $283 million for the nine months ended September 30, 2021 and 2020, respectively. Amounts include net (write-offs) recoveries from TDRs of $(15) million and $(15) million for the three months ended September 30, 2021 and 2020, respectively, and $(51) million and $(31) million for the nine months ended September 30, 2021 and 2020, respectively. (c)Primarily includes foreign currency translation adjustments of nil and $3 million for the three months ended September 30, 2021 and 2020, respectively, and $(1) million and $2 million for the nine months ended September 30, 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=123577603&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=124255953&loc=SL82919249-210447 + Details
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