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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Non-interest revenues        
Discount revenue $ 4,516 $ 4,778 $ 13,983 $ 14,384
Net card fees 747 679 2,161 2,013
Other fees and commissions 694 727 2,076 2,162
Other 483 504 1,514 1,493
Total non-interest revenues 6,440 6,688 19,734 20,052
Interest income        
Interest on loans 1,690 1,847 5,446 5,418
Interest and dividends on investment securities 34 38 104 120
Deposits with banks and other 40 19 104 60
Total interest income 1,764 1,904 5,654 5,598
Interest expense        
Deposits 150 125 450 337
Long-term debt and other 280 274 841 886
Total interest expense 430 399 1,291 1,223
Net interest income 1,334 1,505 4,363 4,375
Total revenues net of interest expense 7,774 8,193 24,097 24,427
Provisions for losses        
Charge card 174 203 496 542
Card Member loans 319 309 831 829
Other 11 17 74 45
Total provisions for losses 504 529 1,401 1,416
Total revenues net of interest expense after provisions for losses 7,270 7,664 22,696 23,011
Expenses        
Marketing and promotion 930 847 2,445 2,217
Card Member Rewards 1,566 1,763 5,035 5,202
Card Member services and other 278 269 841 772
Salaries and employee benefits 1,263 1,212 4,052 3,767
Other, net 1,498 1,635 3,388 4,569
Total expenses 5,535 5,726 15,761 16,527
Pretax income 1,735 1,938 6,935 6,484
Income tax provision 593 672 2,352 2,220
Income from continuing operations 1,142 1,266 4,583 4,264
Net income $ 1,142 $ 1,266 $ 4,583 $ 4,264
Earnings Per Common Share, Basic (Note 15) [Abstract]        
Net income attributable to common shareholders $ 1.21 [1] $ 1.24 [1] $ 4.77 [2] $ 4.16 [2]
Earnings Per Common Share, Diluted (Note 15) [Abstract]        
Net income attributable to common shareholders $ 1.2 [3] $ 1.24 [3] $ 4.76 [4] $ 4.15 [4]
Average common shares outstanding for earnings per common share:        
Basic 920 994 940 1,007
Diluted 923 997 943 1,011
Cash dividends declared per common share $ 0.32 $ 0.29 $ 0.9 $ 0.84
[1] Represents net income less (i) earnings allocated to participating share awards of $ 9 million and $ 10 million for the three months ended September 30 , 2016 and 2015 , respectively, and (ii) dividends on preferred shares of $ 21 million and $ 22 million for the three months ended September 30 , 2016 and 2015 , respectively.
[2] Represents net income less (i) earnings allocate d to participating share awards of $ 37 million and $ 32 million for the nine months ended September 30 , 2016 and 2015 , respectively, and (ii) dividends on preferred shares of $ 61 million and $ 42 million for the nine months ended September 30 , 2016 and 2015 , respectively.
[3] Represents net income less (i) earnings allocated to participating share awards of $ 9 million and $ 10 million for the three months ended September 30 , 2016 and 2015 , respectively, and (ii) dividends on preferred shares of $ 21 million and $ 22 million for the three months ended September 30 , 2016 and 2015 , respectively.
[4] Represents net income less (i) earnings allocate d to participating share awards of $ 37 million and $ 32 million for the nine months ended September 30 , 2016 and 2015 , respectively, and (ii) dividends on preferred shares of $ 61 million and $ 42 million for the nine months ended September 30 , 2016 and 2015 , respectively.