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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Non-interest revenues        
Discount revenue $ 6,194 $ 5,743 $ 12,083 $ 11,130
Net card fees 844 771 1,674 1,519
Other fees and commissions 786 746 1,567 1,457
Other 349 379 726 740
Total non-interest revenues 8,173 7,639 16,050 14,846
Interest income        
Interest on loans 2,387 1,950 4,713 3,812
Interest and dividends on investment securities 27 23 48 46
Deposits with banks and other 126 81 241 141
Total interest income 2,540 2,054 5,002 3,999
Interest expense        
Deposits 300 176 570 325
Long-term debt and other 411 345 762 639
Total interest expense 711 521 1,332 964
Net interest income 1,829 1,533 3,670 3,035
Total revenues net of interest expense 10,002 9,172 19,720 17,881
Provisions for losses        
Charge card 245 163 487 376
Card Member loans 528 404 1,027 741
Other 33 16 67 39
Total provisions for losses 806 583 1,581 1,156
Total revenues net of interest expense after provisions for losses 9,196 8,589 18,139 16,725
Expenses        
Marketing and business development 1,663 1,456 3,008 2,741
Card Member rewards 2,433 2,196 4,780 4,257
Card Member services 416 341 825 658
Salaries and employee benefits 1,280 1,293 2,606 2,557
Other, net 1,313 1,346 2,747 2,716
Total expenses 7,105 6,632 13,966 12,929
Pretax income 2,091 1,957 4,173 3,796
Income tax provision 468 613 916 1,201
Net income $ 1,623 $ 1,344 $ 3,257 $ 2,595
Earnings Per Common Share, Basic (Note 15) [Abstract]        
Net income attributable to common shareholders $ 1.85 [1] $ 1.48 [1] $ 3.71 [2] $ 2.83 [2]
Earnings Per Common Share, Diluted (Note 15) [Abstract]        
Net income attributable to common shareholders $ 1.84 [1] $ 1.47 [1] $ 3.7 [2] $ 2.82 [2]
Average common shares outstanding for earnings per common share:        
Basic 860 890 859 895
Diluted 862 893 862 898
Cash dividends declared per common share $ 0.35 $ 0.32 $ 0.7 $ 0.64
[1]

Rep resents net income less (i) earnings allocated to participating share awards of $ 12 million and $ 11 million for the three months ended June 30 , 2018 and 2017 , respectively, and (ii) dividends on preferred shares of $ 20 million and $ 19 million for the three months ended June 30 , 2018 and 2017 , respectively .

[2]

Represents net income less (i) earnings allocated to participating share awards of $ 25 million and $ 21 million for the six months ended June 30 , 2018 and 2017 , respectively, and (ii) dividends on preferred shares of $ 41 million and $ 40 million for the six months ended June 30 , 2018 and 2017 , respectively .