CREDIT CARD AND OTHER LOANS (Tables)

9 Months Ended

Sep. 30, 2022

CREDIT CARD AND OTHER LOANS

Schedule of components of credit card and other loans

	September 30,		December 31,
	2022		2021
(Millions)
Credit card loans	$	17,863	$	17,217
Installment (other) loans		263		182
Total credit card and other loans (1)(2)		18,126		17,399
Less: Allowance for credit losses		(2,073)		(1,832)
Credit card and other loans, net	$	16,053	$	15,567

(1) Includes $12.6 billion and $11.2 billion of credit card and other loans available to settle obligations of consolidated VIEs as of September 30, 2022 and December 31, 2021, respectively.

(2) Includes $268 million and $224 million, of accrued interest and fees that have not yet been billed to cardholders as of September 30, 2022 and December 31, 2021, respectively.

Schedule of aging analysis of total credit card and other loans portfolio at amortized cost

	Aging Analysis of Delinquent Amortized Cost Credit Card and Other Loans (1)
	31 to 60 days delinquent		61 to 90 days delinquent		91 or more days delinquent		Total delinquent		Current		Total
(Millions)
As of September 30, 2022	$	411	$	272	$	609	$	1,292	$	16,537	$	17,829
As of December 31, 2021	$	262	$	186	$	401	$	849	$	16,284	$	17,133

(1) Installment loan delinquencies have been included with credit card loan delinquencies in the table above, as amounts were insignificant as of each period presented. As permitted by GAAP, the Company excludes unbilled finance charges from its amortized cost basis of credit card and other loans. As of September 30, 2022 and December 31, 2021, accrued interest and fees that have not yet been billed to cardholders were $268 million and $224 million, respectively, included in Credit card and other loans on the Consolidated Balance Sheets.

Schedule of information on credit card loans that are considered troubled debt restructurings

	Three Months Ended September 30, 2022					Nine Months Ended September 30, 2022
		Pre-modification		Post-modification			Pre-modification		Post-modification
	Number of	Outstanding		Outstanding		Number of	Outstanding		Outstanding
	Restructurings	Balance		Balance		Restructurings	Balance		Balance
(Millions, except for Number of restructurings)
Troubled debt restructurings – credit card loans	37,363	$	52	$	52	107,577	$	154	$	154
	Three Months Ended September 30, 2021					Nine Months Ended September 30, 2021
		Pre-modification		Post-modification			Pre-modification		Post-modification
	Number of	Outstanding		Outstanding		Number of	Outstanding		Outstanding
	Restructurings	Balance		Balance		Restructurings	Balance		Balance
(Millions, except for Number of restructurings)
Troubled debt restructurings – credit card loans	37,379	$	55	$	55	134,068	$	200	$	200

The following table provides additional information regarding credit card loans modified as TDRs that have subsequently defaulted within 12 months of their modification dates during the specified periods; the probability of default is factored into the allowance for credit losses:

	Three Months Ended			Nine Months Ended
	September 30, 2022			September 30, 2022
	Number of	Outstanding		Number of	Outstanding
	Restructurings	Balance		Restructurings	Balance
(Millions, except for Number of restructurings)
Troubled debt restructurings that subsequently defaulted	11,511	$	16	51,201	$	70

	Three Months Ended			Nine Months Ended
	September 30, 2021			September 30, 2021
	Number of	Outstanding		Number of	Outstanding
	Restructurings	Balance		Restructurings	Balance
(Millions, except for Number of restructurings)
Troubled debt restructurings that subsequently defaulted	19,888	$	27	102,624	$	136

Schedule of composition of obligor credit quality

	September 30,						December 31,
	2022						2021
	661 or		601 to		600 or		661 or		601 to		600 or
	Higher		660		Less		Higher		660		Less
Credit card loans	60	%	27	%	13	%	62	%	26	%	12	%