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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Non-interest revenues        
Discount revenue $ 6,181 $ 5,700 $ 18,264 $ 16,830
Net card fees 870 786 2,544 2,305
Other fees and commissions 798 755 2,365 2,212
Other 334 372 1,060 1,112
Total non-interest revenues 8,183 7,613 24,233 22,459
Interest income        
Interest on loans 2,554 2,131 7,267 5,943
Interest and dividends on investment securities 35 22 83 68
Deposits with banks and other 149 92 390 233
Total interest income 2,738 2,245 7,740 6,244
Interest expense        
Deposits 340 213 910 538
Long-term debt and other 437 355 1,199 994
Total interest expense 777 568 2,109 1,532
Net interest income 1,961 1,677 5,631 4,712
Total revenues net of interest expense 10,144 9,290 29,864 27,171
Provisions for losses        
Charge card 214 214 701 590
Card Member loans 560 531 1,587 1,272
Other 43 25 110 64
Total provisions for losses 817 770 2,398 1,926
Total revenues net of interest expense after provisions for losses 9,327 8,520 27,466 25,245
Expenses        
Marketing and business development 1,642 1,446 4,650 4,187
Card Member rewards 2,400 2,168 7,180 6,425
Card Member services 457 351 1,282 1,009
Salaries and employee benefits 1,350 1,265 3,956 3,822
Other, net 1,360 1,459 4,107 4,175
Total expenses 7,209 6,689 21,175 19,618
Pretax income 2,118 1,831 6,291 5,627
Income tax provision 464 472 1,380 1,673
Net income $ 1,654 $ 1,359 $ 4,911 $ 3,954
Earnings Per Common Share, Basic (Note 15) [Abstract]        
Net income attributable to common shareholders $ 1.89 [1] $ 1.51 [1] $ 5.6 [2] $ 4.34 [2]
Earnings Per Common Share, Diluted (Note 15) [Abstract]        
Net income attributable to common shareholders $ 1.88 [1] $ 1.51 [1] $ 5.59 [2] $ 4.33 [2]
Average common shares outstanding for earnings per common share:        
Basic 858 878 859 889
Diluted 860 881 861 892
Cash dividends declared per common share $ 0.39 $ 0.35 $ 1.09 $ 0.99
[1]

Rep resents net income less (i) earnings allocated to participating share awards of $ 13 million and $ 11 million for the three months ended September 30 , 2018 and 2017 , respectively, and (ii) dividends on preferred shares of $ 20 million and $ 21 million for the three months ended September 30 , 2018 and 2017 , respectively .

[2]

Represents net income less (i) earnings allocated to participating share awards of $ 38 million and $ 32 million for the nine months ended September 30 , 2018 and 2017 , respectively, and (ii) dividends on preferred shares of $ 61 million for both the nine months ended September 30 , 2018 and 2017 .