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Reserves for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2024
Credit Loss [Abstract]  
Schedule of key variables in macroeconomic scenarios utilized for computation of reserves for credit losses
The following table reflects the range of macroeconomic scenario key variables used, in conjunction with other inputs, to calculate reserves for credit losses:
U.S. Unemployment Rate
U.S. GDP Growth (Contraction) (a)
September 30, 2024December 31, 2023September 30, 2024December 31, 2023
Third quarter of 2024
 4%
3% - 7%
 2%
4% - (3)%
Fourth quarter of 2024
4% - 6%
3% - 8%
4% - (3)%
3% - 1%
Fourth quarter of 2025
3% - 8%
3% - 7%
3% - 1%
2%
Fourth quarter of 2026
3% - 7%
3% - 6%
3% - 2%
3% - 2%
(a)Real GDP quarter over quarter percentage change seasonally adjusted to annualized rates.
Schedule of changes in card member loans and receivables
The following table presents changes in the Card Member loans reserve for credit losses for the three and nine months ended September 30:
Three Months Ended September 30,Nine Months Ended September 30,
(Millions)2024202320242023
Beginning Balance
$5,321 $4,390 $5,118 $3,747 
Provisions (a)
1,114 982 3,098 2,691 
Net write-offs (b)
Principal(701)(525)(2,159)(1,412)
Interest and fees(152)(114)(462)(310)
Other (c)
6 (12)(7)5 
Ending Balance$5,588 $4,721 $5,588 $4,721 
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Principal write-offs are presented less recoveries of $192 million and $138 million for the three months ended September 30, 2024 and 2023, respectively, and $530 million and $396 million for the nine months ended September 30, 2024 and 2023, respectively. Recoveries of interest and fees were not significant.
(c)Primarily includes foreign currency translation adjustments.
The following table presents changes in the Card Member receivables reserve for credit losses for the three and nine months ended September 30:
Three Months Ended September 30,Nine Months Ended September 30,
(Millions)2024202320242023
Beginning Balance
$171 $210 $174 $229 
Provisions (a)
170 206 592 658 
Net write-offs (b)
(187)(241)(609)(714)
Other (c)
2 (1)(1)1 
Ending Balance$156 $174 $156 $174 
(a)Provisions for principal and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Net write-offs are presented less recoveries of $74 million and $73 million for the three months ended September 30, 2024 and 2023, respectively, and $228 million and $218 million for the nine months ended September 30, 2024 and 2023, respectively.
(c)Primarily includes foreign currency translation adjustments.