FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2022

FAIR VALUES OF FINANCIAL INSTRUMENTS

Schedule of estimated fair value of Company's financial instruments

	September 30, 2022				December 31, 2021
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
(Millions)
Financial assets
Credit card and other loans, net	$	16,053	$	18,279	$	15,567	$	17,989
Investment securities		218		218		239		239
Financial liabilities
Deposits		12,444		12,351		11,027		11,135
Debt issued by consolidated VIEs		4,015		4,015		5,453		5,467
Long-term and other debt		1,916		1,770		1,986		2,053

Schedule of assets and liabilities carried at fair value measured on recurring basis

	September 30, 2022
	Total		Level 1		Level 2		Level 3
(Millions)
Investment securities	$	218	$	43	$	175	$	—
Total assets measured at fair value	$	218	$	43	$	175	$	—

	December 31, 2021
	Total		Level 1		Level 2		Level 3
(Millions)
Investment securities	$	239	$	48	$	191	$	—
Total assets measured at fair value	$	239	$	48	$	191	$	—

Schedule of assets and liabilities disclosed but not carried at fair value

	September 30, 2022
	Fair Value		Level 1		Level 2		Level 3
(Millions)
Financial assets
Credit card and other loans, net	$	18,279	$	—	$	—	$	18,279
Total	$	18,279	$	—	$	—	$	18,279
Financial liabilities
Deposits	$	12,351	$	—	$	12,351	$	—
Debt issued by consolidated VIEs		4,015		—		4,015		—
Long-term and other debt		1,770		—		1,770		—
Total	$	18,136	$	—	$	18,136	$	—

	December 31, 2021
	Fair Value		Level 1		Level 2		Level 3
(Millions)
Financial assets
Credit card and other loans, net	$	17,989	$	—	$	—	$	17,989
Total	$	17,989	$	—	$	—	$	17,989
Financial liabilities
Deposits	$	11,135	$	—	$	11,135	$	—
Debt issued by consolidated VIEs		5,467		—		5,467		—
Long-term and other debt		2,053		—		2,053		—
Total	$	18,655	$	—	$	18,655	$	—