ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Mar. 31, 2024

Credit Loss [Abstract]

Schedule of Allowance for Credit Losses Receivable

The following table summarizes the brokerage related allowance for credit losses as a reduction of receivables from users, net on the unaudited condensed consolidated balance sheet:

	Three Months Ended March 31,
(in millions)	2023		2024
Beginning balance	$	18	$	15
Provision for credit losses	9		6
Write-offs	(7)		(2)
Ending balance	$	20	$	19

The following table summarizes the allowance related to interest receivables from customers that carry a balance and purchased credit card receivables, shown as a reduction of receivables from users, net on the unaudited condensed consolidated balance sheet:

	Three Months Ended March 31,
(in millions)	2024
Beginning balance	$	1
Provision for credit losses	2
Write-offs	(1)
Ending balance	$	2

The following table summarizes the allowance related to off-balance sheet credit card receivables, shown as part of accounts payable and accrued expenses on the unaudited condensed consolidated balance sheet:

	Three Months Ended March 31,
(in millions)	2024
Beginning balance	$	32
Provision for credit losses	8
Payments to Coastal Bank	(9)
Recoveries	1
Ending balance	$	32