Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operating Activities
Net income		$ 103	$ 129
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provisions for losses		63	64
Amortization of underwriting expense		6	7
Deferred taxes		(3)	(42)
Changes in operating assets and liabilities:
Interest, taxes and other amounts due to/from affiliates		18	23
Other operating assets and liabilities		153	(290)
Net cash provided by (used in) operating activities		340	(109)
Cash Flows from Investing Activities
Net increase in Card Member receivables and Card Member loans		(1,396)	(4,527)
Net decrease in loans to affiliates and other		130	1,365
Net increase in due to/from affiliates		358	1,083
Net cash used in investing activities		(908)	(2,079)
Cash Flows from Financing Activities
Net decrease in short-term debt		(733)	(1,166)
Net increase in short-term debt to affiliates	[1]	453	3,796
Principal payments of long-term debt		(2,250)	(447)
Proceeds from long-term debt to affiliates	[1]	8,379	0
Principal Payments Of long-term Debt Affiliates	[1]	(5,318)	0
Net cash provided by financing activities		531	2,183
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash		2	(1)
Net decrease in cash, cash equivalents and restricted cash		(35)	(6)
Cash, cash equivalents and restricted cash at beginning of period		195	296
Cash, cash equivalents and restricted cash at end of period		$ 160	$ 290

[1] Pursuant to the revision of the master note arrangement with American Express Company during the fourth quarter of 2018, Credco has changed the classification of the net borrowings from short-term debt to affiliates to long-term debt to affiliates .