Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Other Liabilities Disclosure [Abstract]

Summary of other liabilities

The following is a summary of Other liabilities as of December 31:

(Millions)	2023		2022
Membership Rewards liability	$	13,742	$	12,789
Book overdraft balances (a)	9,897		7,352
Deferred card and other fees, net	3,442		3,027
Employee-related liabilities (b)	2,567		2,530
Card Member rebate and reward accruals (c)	2,061		2,126
Income tax liability (d)	1,275		1,651
Other (e)	8,655		7,875
Total	$	41,639	$	37,350

(a)Primarily includes negative cash balances for accounts without an associated overdraft facility, due to timing differences arising in the ordinary course of business.

(b)Includes employee benefit plan obligations and incentive compensation.

(c)Card Member rebate and reward accruals include payments to third-party reward partners and cash-back rewards.

(d)Includes repatriation tax liability of $998 million and $1,012 million as of December 31, 2023 and 2022, respectively, which represents our remaining obligation under the Tax Cuts and Jobs Act enacted on December 22, 2017 (Tax Act) to pay a one-time transition tax on unrepatriated earnings and profits of certain foreign subsidiaries, the net position for current federal, state and non-U.S. income tax liabilities and deferred tax liabilities for foreign jurisdictions.

(e)Primarily includes prepaid products and Travelers Cheques, lease liabilities, derivative liabilities, accruals for general operating expenses, payments to cobrand partners, unfunded commitments for tax credit investments, client incentives and dividends payable.

Carrying amount of deferred card and other fees

The carrying amount of deferred card and other fees, net of deferred direct acquisition costs and reserves for membership cancellations, as of December 31, 2023 was as follows:

(Millions)	2023		2022
Deferred card and other fees (a)	$	3,818	$	3,380
Deferred direct acquisition costs	(158)		(173)
Reserves for membership cancellations	(218)		(180)
Deferred card and other fees, net	$	3,442	$	3,027

(a)Includes deferred fees for Membership Rewards program participants.