Reportable Operating Segments

3 Months Ended

Mar. 31, 2020

Effective for the first quarter of 2020, we made certain enhancements to our transfer pricing methodology related to the sharing of revenues between our card issuing, network and merchant businesses, and our methodology related to the allocation of certain funding costs primarily related to our Card Member loan and Card Member receivable portfolios. These enhancements resulted in certain changes to Non-interest revenues, Interest expense and operating expenses across our reportable operating segments. Prior period amounts have been revised to conform to the current period presentation. These changes had no impact on our Consolidated Results of Operations.

The following table presents certain selected financial information for our reportable operating segments and Corporate & Other as of or for the three months ended March 31:


Three Months Ended March 31, 2020 (Millions, except where indicated)	GCSG		GCS		GMNS		Corporate & Other ^(a)		Consolidated
Total non-interest revenues	$	3,894	$	2,788	$	1,346	$	(48)	$	7,980
Revenue from contracts with customers ^(b)	2,693		2,372		1,245		(14)		6,296
Interest income	2,411		499		6		130		3,046
Interest expense	328		200		(36)		224		716
Total revenues net of interest expense	5,977		3,087		1,388		(142)		10,310
Net income (loss)	$	201	$	38	$	417	$	(289)	$	367
Total assets (billions)	$	87	$	47	$	10	$	42	$	186


Three Months Ended March 31, 2019 (Millions, except where indicated)	GCSG		GCS		GMNS		Corporate & Other ^(a)		Consolidated
Total non-interest revenues	$	3,912	$	2,926	$	1,449	$	18	$	8,305
Revenue from contracts with customers ^(b)	2,824		2,541		1,330		2		6,697
Interest income	2,272		454		9		219		2,954
Interest expense	435		256		(80)		284		895
Total revenues net of interest expense	5,749		3,124		1,538		(47)		10,364
Net income (loss)	$	954	$	512	$	571	$	(487)	$	1,550
Total assets (billions)	$	99	$	54	$	22	$	22	$	197

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

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