XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.21.1

Business Segments and Revenue from Contracts with Customers (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Segment Reporting [Abstract] |
Schedule of Segment Results and Reconciliation | The following table presents our business segment results for the three months ended March 31, 2021 and 2020, selected balance sheet data as of March 31, 2021 and 2020, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, loans held for investment and deposits. Table 12.1: Segment Results and Reconciliation
|  | Three Months Ended March 31, 2021
(Dollars in millions) |  | Credit Card |  | Consumer Banking |  | Commercial Banking(1) |  | Other(1) |  | Consolidated Total
Net interest income (loss) |  | $ | 3,372 |  |  | $ | 2,030 |  |  | $ | 520 |  |  | $ | (100) |  |  | $ | 5,822 |
Non-interest income (loss) |  | 1,029 |  |  | 141 |  |  | 240 |  |  | (119) |  |  | 1,291 |
Total net revenue (loss)(2) |  | 4,401 |  |  | 2,171 |  |  | 760 |  |  | (219) |  |  | 7,113 |
Provision (benefit) for credit losses |  | (492) |  |  | (126) |  |  | (203) |  |  | (2) |  |  | (823) |
Non-interest expense |  | 2,135 |  |  | 1,117 |  |  | 419 |  |  | 69 |  |  | 3,740 |
Income (loss) from continuing operations before income taxes |  | 2,758 |  |  | 1,180 |  |  | 544 |  |  | (286) |  |  | 4,196 |
Income tax provision (benefit) |  | 653 |  |  | 278 |  |  | 128 |  |  | (190) |  |  | 869 |
Income (loss) from continuing operations, net of tax |  | $ | 2,105 |  |  | $ | 902 |  |  | $ | 416 |  |  | $ | (96) |  |  | $ | 3,327 |
Loans held for investment |  | $ | 99,127 |  |  | $ | 70,202 |  |  | $ | 73,802 |  |  | $ | 0 |  |  | $ | 243,131 |
Deposits |  | 0 |  |  | 254,001 |  |  | 41,552 |  |  | 14,775 |  |  | 310,328 |
|  | Three Months Ended March 31, 2020
(Dollars in millions) |  | Credit Card |  | Consumer Banking |  | Commercial Banking(1) |  | Other(1) |  | Consolidated Total
Net interest income |  | $ | 3,702 |  |  | $ | 1,657 |  |  | $ | 491 |  |  | $ | 175 |  |  | $ | 6,025 |
Non-interest income (loss) |  | 911 |  |  | 126 |  |  | 238 |  |  | (51) |  |  | 1,224 |
Total net revenue(2) |  | 4,613 |  |  | 1,783 |  |  | 729 |  |  | 124 |  |  | 7,249 |
Provision (benefit) for credit losses |  | 3,702 |  |  | 860 |  |  | 856 |  |  | 5 |  |  | 5,423 |
Non-interest expense |  | 2,208 |  |  | 991 |  |  | 412 |  |  | 118 |  |  | 3,729 |
Income (loss) from continuing operations before income taxes |  | (1,297) |  |  | (68) |  |  | (539) |  |  | 1 |  |  | (1,903) |
Income tax benefit |  | (306) |  |  | (16) |  |  | (128) |  |  | (113) |  |  | (563) |
Income (loss) from continuing operations, net of tax |  | $ | (991) |  |  | $ | (52) |  |  | $ | (411) |  |  | $ | 114 |  |  | $ | (1,340) |
Loans held for investment |  | $ | 117,797 |  |  | $ | 64,033 |  |  | $ | 81,160 |  |  | $ | 0 |  |  | $ | 262,990 |
Deposits |  | 0 |  |  | 217,607 |  |  | 32,822 |  |  | 19,260 |  |  | 269,689 |
__________ (1)Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reductions to the Other category. (2)Total net revenue was reduced by $180 million and $389 million in the first quarters of 2021 and 2020, respectively, for finance charges and fees charged-off as uncollectible.
Disaggregation of Revenue | The following table presents revenue from contracts with customers and a reconciliation to non-interest income by business segment for the three months ended March 31, 2021 and 2020. Table 12.2: Revenue from Contracts with Customers and Reconciliation to Segment Results
|  | Three Months Ended March 31, 2021
(Dollars in millions) |  | Credit Card |  | Consumer Banking |  | Commercial Banking(1) |  | Other(1) |  | Consolidated Total
Contract revenue: |  |  |  |  |  |  |  |  |  |
Interchange fees, net(2) |  | $ | 743 |  |  | $ | 57 |  |  | $ | 17 |  |  | $ | 0 |  |  | $ | 817 |
Service charges and other customer-related fees |  | 0 |  |  | 44 |  |  | 50 |  |  | 0 |  |  | 94 |
Other |  | 70 |  |  | 19 |  |  | 1 |  |  | 0 |  |  | 90 |
Total contract revenue |  | 813 |  |  | 120 |  |  | 68 |  |  | 0 |  |  | 1,001 |
Revenue (reduction) from other sources |  | 216 |  |  | 21 |  |  | 172 |  |  | (119) |  |  | 290 |
Total non-interest income (loss) |  | $ | 1,029 |  |  | $ | 141 |  |  | $ | 240 |  |  | $ | (119) |  |  | $ | 1,291 |
|  | Three Months Ended March 31, 2020
(Dollars in millions) |  | Credit Card |  | Consumer Banking |  | Commercial Banking(1) |  | Other(1) |  | Consolidated Total
Contract revenue: |  |  |  |  |  |  |  |  |  |
Interchange fees, net(2) |  | $ | 688 |  |  | $ | 50 |  |  | $ | 15 |  |  | $ | (1) |  |  | $ | 752 |
Service charges and other customer-related fees |  | 0 |  |  | 64 |  |  | 31 |  |  | 0 |  |  | 95 |
Other |  | 70 |  |  | 19 |  |  | 1 |  |  | 0 |  |  | 90 |
Total contract revenue |  | 758 |  |  | 133 |  |  | 47 |  |  | (1) |  |  | 937 |
Revenue (reduction) from other sources |  | 153 |  |  | (7) |  |  | 191 |  |  | (50) |  |  | 287 |
Total non-interest income (loss) |  | $ | 911 |  |  | $ | 126 |  |  | $ | 238 |  |  | $ | (51) |  |  | $ | 1,224 |
________ (1)Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reductions to the Other category. (2)Interchange fees are presented net of customer reward expenses

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration