XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Non-interest revenues        
Non-interest revenues $ 8,425 $ 5,791 $ 15,659 $ 13,771
Interest income        
Interest on loans 2,094 2,368 4,238 5,277
Interest and dividends on investment securities 24 27 48 65
Deposits with banks and other 22 31 46 130
Total interest income 2,140 2,426 4,332 5,472
Interest expense        
Deposits 113 260 247 586
Long-term debt and other 209 282 437 672
Total interest expense 322 542 684 1,258
Net interest income 1,818 1,884 3,648 4,214
Total revenues net of interest expense 10,243 7,675 19,307 17,985
Provisions for credit losses        
Provisions (606) 1,555 (1,281) 4,176
Total revenues net of interest expense after provisions for credit losses 10,849 6,120 20,588 13,809
Expenses        
Marketing and business development 2,219 1,362 3,985 3,067
Card Member rewards 2,712 1,349 4,955 3,741
Card Member services 432 208 749 664
Salaries and employee benefits 1,539 1,349 3,089 2,744
Other, net 1,007 1,230 1,877 2,519
Total expenses 7,909 5,498 14,655 12,735
Pretax income 2,940 622 5,933 1,074
Income tax provision 660 365 1,418 450
Net income $ 2,280 $ 257 $ 4,515 $ 624
Earnings per Common Share        
Basic (in dollars per share) $ 2.81 [1] $ 0.29 [1] $ 5.55 [2] $ 0.71 [2]
Diluted (in dollars per share) $ 2.80 [1] $ 0.29 [1] $ 5.54 [2] $ 0.71 [2]
Average common shares outstanding for earnings per common share:        
Basic (in shares) 801 804 802 806
Diluted (in shares) 802 805 803 807
Card Member Receivables        
Provisions for credit losses        
Provisions $ (125) $ 355 $ (135) $ 952
Card Member Loans        
Provisions for credit losses        
Provisions (396) 969 (969) 2,845
Other Loans        
Provisions for credit losses        
Provisions (85) 231 (177) 379
Discount revenue        
Non-interest revenues        
Non-interest revenues 6,327 4,015 11,569 9,853
Net card fees        
Non-interest revenues        
Non-interest revenues 1,286 1,141 2,539 2,251
Other fees and commissions        
Non-interest revenues        
Non-interest revenues 560 449 1,080 1,169
Other        
Non-interest revenues        
Non-interest revenues $ 252 $ 186 $ 471 $ 498
[1] Represents net income less (i) earnings allocated to participating share awards of $16 million and $2 million for the three months ended June 30, 2021 and 2020, respectively, and (ii) dividends on preferred shares of $15 million and $17 million for the three months ended June 30, 2021 and 2020, respectively.
[2] Represents net income less (i) earnings allocated to participating share awards of $31 million and $4 million for the six months ended June 30, 2021 and 2020, respectively, and (ii) dividends on preferred shares of $29 million and $49 million for the six months ended June 30, 2021 and 2020, respectively.