Reportable Operating Segments

9 Months Ended

Sep. 30, 2019

During 2018, we realigned our reportable operating segments to: GCSG, GCS and Global Merchant and Network Services (GMNS) and also made changes to the methodology used to allocate certain corporate overhead costs to the operating segments and our intercompany settlement process. Effective for the first quarter of 2019, we moved intercompany assets and liabilities, previously recorded in the operating segments, to Corporate & Other.

For all of the above referenced changes, prior period amounts have been revised to conform to the current period presentation.

The following table presents certain selected financial information for our reportable operating segments and Corporate & Other as of or for the three and nine months ended September 30:


Three Months Ended September 30, 2019 (Millions, except where indicated)	GCSG		GCS		GMNS		Corporate & Other ^(a)		Consolidated
Total non-interest revenues	$	4,048	$	3,155	$	1,563	$	20	$	8,786
Revenue from contracts with customers ^(b)	2,788		2,722		1,540		1		7,051
Interest income	2,402		485		6		187		3,080
Interest expense	457		255		(94)		259		877
Total revenues net of interest expense	5,993		3,385		1,663		(52)		10,989
Net income (loss)	$	857	$	629	$	600	$	(331)	$	1,755
Total assets (billions)	$	99	$	54	$	17	$	24	$	194


Nine Months Ended September 30, 2019 (Millions, except where indicated)	GCSG		GCS		GMNS		Corporate & Other ^(a)		Consolidated
Total non-interest revenues	$	11,790	$	9,342	$	4,653	$	70	$	25,855
Revenue from contracts with customers ^(b)	8,153		8,070		4,595		9		20,827
Interest income	6,971		1,407		22		599		8,999
Interest expense	1,380		753		(288)		818		2,663
Total revenues net of interest expense	17,381		9,996		4,963		(149)		32,191
Net income (loss)	$	2,416	$	1,859	$	1,863	$	(1,072)	$	5,066
Total assets (billions)	$	99	$	54	$	17	$	24	$	194


Three Months Ended September 30, 2018 (Millions, except where indicated)	GCSG		GCS		GMNS		Corporate & Other ^(a)		Consolidated
Total non-interest revenues	$	3,680	$	2,980	$	1,494	$	29	$	8,183
Revenue from contracts with customers ^(b)	2,577		2,593		1,479		5		6,654
Interest income	2,140		416		6		176		2,738
Interest expense	404		218		(78)		233		777
Total revenues net of interest expense	5,416		3,178		1,578		(28)		10,144
Net income (loss)	$	779	$	606	$	580	$	(311)	$	1,654
Total assets (billions)	$	100	$	53	$	21	$	15	$	189


Nine Months Ended September 30, 2018 (Millions, except where indicated)	GCSG		GCS		GMNS		Corporate & Other ^(a)		Consolidated
Total non-interest revenues	$	10,849	$	8,795	$	4,539	$	50	$	24,233
Revenue from contracts with customers ^(b)	7,611		7,628		4,465		12		19,716
Interest income	6,083		1,186		22		449		7,740
Interest expense	1,101		593		(205)		620		2,109
Total revenues net of interest expense	15,831		9,388		4,766		(121)		29,864
Net income (loss)	$	2,375	$	1,716	$	1,639	$	(819)	$	4,911
Total assets (billions)	$	100	$	53	$	21	$	15	$	189

(a)Corporate & Other includes adjustments and eliminations for intersegment activity.

(b)Includes discount revenue, certain other fees and commissions and other revenues from customers.