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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Non-interest revenues    
Non-interest revenues $ 7,980 $ 8,305
Interest income    
Interest on loans 2,909 2,725
Interest and dividends on investment securities 38 33
Deposits with banks and other 99 196
Total interest income 3,046 2,954
Interest expense    
Deposits 326 399
Long-term debt and other 390 496
Total interest expense 716 895
Net interest income 2,330 2,059
Total revenues net of interest expense 10,310 10,364
Provisions for credit losses    
Card Member receivables 597 253
Card Member loans 1,876 525
Other 148 31
Total provisions for credit losses 2,621 809
Total revenues net of interest expense after provisions for credit losses 7,689 9,555
Expenses    
Marketing and business development 1,705 1,575
Card Member rewards 2,392 2,451
Card Member services 456 550
Salaries and employee benefits 1,395 1,422
Other, net 1,289 1,599
Total expenses 7,237 7,597
Pretax income 452 1,958
Income tax provision 85 408
Net income $ 367 $ 1,550
Earnings per Common Share    
Basic (in dollars per share) [1] $ 0.41 $ 1.81
Diluted (in dollars per share) [1] $ 0.41 $ 1.80
Average common shares outstanding for earnings per common share:    
Basic (in shares) 807 841
Diluted (in shares) 808 843
Discount revenue [Member]    
Non-interest revenues    
Non-interest revenues $ 5,838 $ 6,195
Net card fees [Member]    
Non-interest revenues    
Non-interest revenues 1,110 944
Other fees and commissions [Member]    
Non-interest revenues    
Non-interest revenues 720 803
Other [Member]    
Non-interest revenues    
Non-interest revenues $ 312 $ 363
[1] Represents net income less (i) earnings allocated to participating share awards of $2 million and $11 million for the three months ended March 31, 2020 and 2019, respectively, and (ii) dividends on preferred shares of $32 million and $21 million for the three months ended March 31, 2020 and 2019, respectively.