Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Other Liabilities Disclosure [Abstract]

Summary of other liabilities

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

TABLE 9.1: OTHER LIABILITIES

(Millions)	2024		2023
Membership Rewards liability	$	14,752	$	13,742
Deferred card and other fees, net	4,042		3,442
Book overdraft balances (a)	3,461		9,897
Employee-related liabilities (b)	2,676		2,567
Card Member rebate and reward accruals (c)	2,121		2,061
Income tax liability (d)	1,386		1,275
Other (e)	8,373		8,655
Total	$	36,811	$	41,639

(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 $749 million and $998 million as of December 31, 2024 and 2023, respectively, which represents our remaining obligation under the Tax Cuts and Jobs Act enacted on December 22, 2017 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, accruals for general operating expenses, unfunded commitments for tax credit investments, payments to cobrand partners, dividends payable and client incentives.

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 was as follows:

TABLE 9.2: DEFERRED CARD AND OTHER FEES, NET

(Millions)	2024		2023
Deferred card and other fees (a)	$	4,475	$	3,818
Deferred direct acquisition costs	(180)		(158)
Reserves for membership cancellations	(253)		(218)
Deferred card and other fees, net	$	4,042	$	3,442

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