DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2022

LoyaltyOne

Schedule of financial statement information for discontinued operations

	Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021
(Millions)
Total interest income	$	—	$	—
Total interest expense (1)		3		10
Net interest income		(3)		(10)
Total non-interest income		169		497
Total non-interest expenses		134		410
Income before provision from income taxes		32		77
Provision for income taxes		14		30
Income from discontinued operations, net of income taxes	$	18	$	47

(1) The Company’s Credit Agreement, as amended, required a $725 million prepayment of term loans in conjunction with the LoyaltyOne spinoff. As a result, the interest expense reflected above is the allocation to discontinued operations of interest on the basis of this $725 million mandatory prepayment.

(Millions)	Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021
Depreciation and amortization	$	9	$	28
Capital expenditures	$	4	$	13