XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.22.1

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
Allowance for Credit Losses on Financing Receivables | The table below summarizes changes in the allowance for credit losses and reserve for unfunded lending commitments by portfolio segment for the three months ended March 31, 2022 and 2021. Our allowance for credit losses was substantially flat at $11.3 billion as of March 31, 2022 compared to $11.4 billion as of December 31, 2021. Table 4.1: Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity
|  | Three Months Ended March 31, 2022
(Dollars in millions) |  | Credit Card |  | Consumer Banking |  | Commercial Banking |  |  |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2021 |  | $ | 8,345 |  |  | $ | 1,918 |  |  | $ | 1,167 |  |  |  |  | $ | 11,430 |
Charge-offs |  | (955) |  |  | (349) |  |  | (17) |  |  |  |  | (1,321) |
Recoveries(1) |  | 348 |  |  | 203 |  |  | 3 |  |  |  |  | 554 |
Net charge-offs |  | (607) |  |  | (146) |  |  | (14) |  |  |  |  | (767) |
Provision (benefit) for credit losses |  | 545 |  |  | 130 |  |  | (27) |  |  |  |  | 648 |
Allowance build (release) for credit losses |  | (62) |  |  | (16) |  |  | (41) |  |  |  |  | (119) |
Other changes(2) |  | (3) |  |  | 0 |  |  | 0 |  |  |  |  | (3) |
Balance as of March 31, 2022 |  | 8,280 |  |  | 1,902 |  |  | 1,126 |  |  |  |  | 11,308 |
Reserve for unfunded lending commitments: |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2021 |  | 0 |  |  | 0 |  |  | 165 |  |  |  |  | 165 |
Provision for losses on unfunded lending commitments |  | 0 |  |  | 0 |  |  | 35 |  |  |  |  | 35 |
Balance as of March 31, 2022 |  | 0 |  |  | 0 |  |  | 200 |  |  |  |  | 200 |
Combined allowance and reserve as of March 31, 2022 |  | $ | 8,280 |  |  | $ | 1,902 |  |  | $ | 1,326 |  |  |  |  | $ | 11,508 |
|  | Three Months Ended March 31, 2021
(Dollars in millions) |  | Credit Card |  | Consumer Banking |  | Commercial Banking |  |  |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2020 |  | $ | 11,191 |  |  | $ | 2,715 |  |  | $ | 1,658 |  |  |  |  | $ | 15,564 |
Charge-offs |  | (993) |  |  | (342) |  |  | (19) |  |  |  |  | (1,354) |
Recoveries(1) |  | 360 |  |  | 251 |  |  | 3 |  |  |  |  | 614 |
Net charge-offs |  | (633) |  |  | (91) |  |  | (16) |  |  |  |  | (740) |
Provision (benefit) for credit losses |  | (492) |  |  | (126) |  |  | (195) |  |  |  |  | (813) |
Allowance build (release) for credit losses |  | (1,125) |  |  | (217) |  |  | (211) |  |  |  |  | (1,553) |
Other changes(2) |  | 6 |  |  | 0 |  |  | 0 |  |  |  |  | 6 |
Balance as of March 31, 2021 |  | 10,072 |  |  | 2,498 |  |  | 1,447 |  |  |  |  | 14,017 |
Reserve for unfunded lending commitments: |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2020 |  | 0 |  |  | 0 |  |  | 195 |  |  |  |  | 195 |
Provision (benefit) for losses on unfunded lending commitments |  | 0 |  |  | 0 |  |  | (8) |  |  |  |  | (8) |
Balance as of March 31, 2021 |  | 0 |  |  | 0 |  |  | 187 |  |  |  |  | 187 |
Combined allowance and reserve as of March 31, 2021 |  | $ | 10,072 |  |  | $ | 2,498 |  |  | $ | 1,634 |  |  |  |  | $ | 14,204 |
__________ (1)The amount and timing of recoveries are impacted by our collection strategies, which are based on customer behavior and risk profile and include direct customer communications, repossession of collateral, the periodic sale of charged off loans as well as additional strategies, such as litigation. (2)Represents foreign currency translation adjustments.
Schedule of Loss Sharing Arrangement Impact | The table below summarizes the changes in the estimated reimbursements from these partners for the three months ended March 31, 2022 and 2021. Table 4.2: Summary of Credit Card Partnership Loss Sharing Arrangements Impacts
|  | Three Months Ended March 31, |  |
(Dollars in millions) |  | 2022 |  | 2021 |  |
Estimated reimbursements from partners, beginning of period |  | $ | 1,450 |  |  | $ | 2,159 |  |  |
Amounts due from partners which reduced net charge-offs |  | (107) |  |  | (141) |  |  |
Amounts expected to become due from (to) partners which reduced (increased) provision for credit losses |  | 23 |  |  | (13) |  |  |
Estimated reimbursements from partners, end of period |  | $ | 1,366 |  |  | $ | 2,005 |  |  |

X
- Definition Schedule of loss sharing arrangement impact + References No definition available. + Details
Name: | cof_ScheduleofLossSharingArrangementImpactTableTextBlock
Namespace Prefix: | cof_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- 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
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration