Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2019

Allowance for Credit Losses [Abstract]

Allowance for credit losses on financing receivables

The table below summarizes information about the allowances for loan losses and lending-related commitments, and includes a breakdown of loans and lending-related commitments by impairment methodology.

	2019													2018
Three months ended March 31, (in millions)	Consumer, excluding credit card			Credit card				Wholesale			Total			Consumer, excluding credit card			Credit card				Wholesale			Total
Allowance for loan losses
Beginning balance at January 1,	$	4,146		$	5,184			$	4,115		$	13,445		$	4,579		$	4,884			$	4,141		$	13,604
Gross charge-offs	246			1,344				52			1,642			284			1,291				65			1,640
Gross recoveries	(131		)	(142		)		(8		)	(281		)	(138		)	(121		)		(46		)	(305		)
Net charge-offs	115			1,202				44			1,361			146			1,170				19			1,335
Write-offs of PCI loans(a)	50			—				—			50			20			—				—			20
Provision for loan losses	114			1,202				176			1,492			146			1,170				(189		)	1,127
Other	2			(1		)		6			7			1			—				(2		)	(1		)
Ending balance at March 31,	$	4,097		$	5,183			$	4,253		$	13,533		$	4,560		$	4,884			$	3,931		$	13,375
Allowance for loan losses by impairment methodology
Asset-specific(b)	$	151		$	461		(c)	$	417		$	1,029		$	266		$	393		(c)	$	474		$	1,133
Formula-based	2,208			4,722				3,836			10,766			2,089			4,491				3,457			10,037
PCI	1,738			—				—			1,738			2,205			—				—			2,205
Total allowance for loan losses	$	4,097		$	5,183			$	4,253		$	13,533		$	4,560		$	4,884			$	3,931		$	13,375
Loans by impairment methodology
Asset-specific	$	6,758		$	1,365			$	1,638		$	9,761		$	7,953		$	1,241			$	1,727		$	10,921
Formula-based	329,750			149,150				431,973			910,873			335,785			139,107				410,290			885,182
PCI	23,207			—				—			23,207			29,505			—				3			29,508
Total retained loans	$	359,715		$	150,515			$	433,611		$	943,841		$	373,243		$	140,348			$	412,020		$	925,611
Impaired collateral-dependent loans
Net charge-offs	$	11		$	—			$	9		$	20		$	12		$	—			$	—		$	12
Loans measured at fair value of collateral less cost to sell	2,104			—				148			2,252			2,135			—				262			2,397
Allowance for lending-related commitments
Beginning balance at January 1,	$	33		$	—			$	1,022		$	1,055		$	33		$	—			$	1,035		$	1,068
Provision for lending-related commitments	—			—				3			3			—			—				38			38
Other	—			—				—			—			—			—				1			1
Ending balance at March 31,	$	33		$	—			$	1,025		$	1,058		$	33		$	—			$	1,074		$	1,107
Allowance for lending-related commitments by impairment methodology
Asset-specific	$	—		$	—			$	114		$	114		$	—		$	—			$	167		$	167
Formula-based	33			—				911			944			33			—				907			940
Total allowance for lending-related commitments	$	33		$	—			$	1,025		$	1,058		$	33		$	—			$	1,074		$	1,107
Lending-related commitments by impairment methodology
Asset-specific	$	—		$	—			$	455		$	455		$	—		$	—			$	746		$	746
Formula-based	48,922			626,922				384,502			1,060,346			49,516			588,232				383,529			1,021,277
Total lending-related commitments	$	48,922		$	626,922			$	384,957		$	1,060,801		$	49,516		$	588,232			$	384,275		$	1,022,023

(a) Write-offs of PCI loans are recorded against the allowance for loan losses when actual losses for a pool exceed estimated losses that were recorded as purchase accounting adjustments at the time of acquisition. A write-off of a PCI loan is recognized when the underlying loan is removed from a pool.

(b) Includes risk-rated loans that have been placed on nonaccrual status and loans that have been modified in a TDR.

(c) The asset-specific credit card allowance for loan losses is related to loans that have been modified in a TDR; such allowance is calculated based on the loans’ original contractual interest rates and does not consider any incremental penalty rates.