ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 30, 2022

ALLOWANCE FOR CREDIT LOSSES

Schedule of Company's Allowance for loan loss

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
(Millions)
Beginning balance	$	1,992	$	1,635	$	1,832	$	2,008
Provision for credit losses (1)		304		161		902		180
Net principal losses (2)		(223)		(151)		(661)		(543)
Ending balance	$	2,073	$	1,645	$	2,073	$	1,645

(1) Provision for credit losses includes a build/release for the allowance, as well as replenishment of Net principal losses.

(2) Net principal losses are presented net of recoveries of $47 million and $36 million for the three months ended September 30, 2022 and 2021, respectively, and $126 million and $128 million for the nine months ended September 30, 2022 and 2021, respectively. Net principal losses for both the three and nine months ended September 30, 2022 include a $5 million adjustment related to the effects of the purchase of previously written-off accounts that were sold to a third-party debt collection agency; no such adjustment was made in the comparative periods.