Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 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
Nine months ended September 30, (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	702			4,050				270			5,022			776			3,777				264			4,817
Gross recoveries	(420		)	(433		)		(34		)	(887		)	(681		)	(370		)		(146		)	(1,197		)
Net charge-offs	282			3,617				236			4,135			95			3,407				118			3,620
Write-offs of PCI loans(a)	132			—				—			132			151			—				—			151
Provision for loan losses	(265		)	4,017				296			4,048			(152		)	3,557				(111		)	3,294
Other	—			(1		)		10			9			1			—				—			1
Ending balance at September 30,	$	3,467		$	5,583			$	4,185		$	13,235		$	4,182		$	5,034			$	3,912		$	13,128
Allowance for loan losses by impairment methodology
Asset-specific(b)	$	145		$	488		(c)	$	342		$	975		$	204		$	421		(c)	$	280		$	905
Formula-based	2,066			5,095				3,843			11,004			2,154			4,613				3,632			10,399
PCI	1,256			—				—			1,256			1,824			—				—			1,824
Total allowance for loan losses	$	3,467		$	5,583			$	4,185		$	13,235		$	4,182		$	5,034			$	3,912		$	13,128
Loans by impairment methodology
Asset-specific	$	6,341		$	1,423			$	1,536		$	9,300		$	7,046		$	1,284			$	1,051		$	9,381
Formula-based	304,178			158,148				435,971			898,297			343,703			146,572				422,783			913,058
PCI	21,290			—				—			21,290			25,209			—				3			25,212
Total retained loans	$	331,809		$	159,571			$	437,507		$	928,887		$	375,958		$	147,856			$	423,837		$	947,651
Impaired collateral-dependent loans
Net charge-offs	$	28		$	—			$	23		$	51		$	15		$	—			$	—		$	15
Loans measured at fair value of collateral less cost to sell	2,083			—				113			2,196			2,077			—				258			2,335
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	—			—				110			110			—			—				29			29
Other	—			—				—			—			—			—				—			—
Ending balance at September 30,	$	33		$	—			$	1,132		$	1,165		$	33		$	—			$	1,064		$	1,097
Allowance for lending-related commitments by impairment methodology
Asset-specific	$	—		$	—			$	135		$	135		$	—		$	—			$	71		$	71
Formula-based	33			—				997			1,030			33			—				993			1,026
Total allowance for lending-related commitments	$	33		$	—			$	1,132		$	1,165		$	33		$	—			$	1,064		$	1,097
Lending-related commitments by impairment methodology
Asset-specific	$	—		$	—			$	446		$	446		$	—		$	—			$	252		$	252
Formula-based	53,591			645,880				395,173			1,094,644			50,630			600,728				397,064			1,048,422
Total lending-related commitments	$	53,591		$	645,880			$	395,619		$	1,095,090		$	50,630		$	600,728			$	397,316		$	1,048,674

(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.