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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Credit card loans $ 10,632 $ 8,717 $ 8,985
Other loans 1,870 1,734 1,817
Investment securities 179 182 252
Other interest income 183 18 41
Total interest income 12,864 10,651 11,095
Interest expense      
Deposits 1,257 661 1,231
Short-term borrowings 2 0 32
Long-term borrowings 606 473 602
Total interest expense 1,865 1,134 1,865
Net interest income 10,999 9,517 9,230
Provision for credit losses 2,359 218 5,134
Net interest income after provision for credit losses 8,640 9,299 4,096
Other income      
Discount and interchange revenue, net 1,424 1,224 933
Protection products revenue 172 165 180
Loan fee income 632 464 414
Transaction processing revenue 249 227 195
(Losses) gains on equity investments (214) 424 80
Other income 75 66 56
Total other income 2,338 2,570 1,858
Other expense      
Employee compensation and benefits 2,139 1,986 1,894
Marketing and business development 1,035 810 659
Information processing and communications 513 500 540
Professional fees 871 797 717
Premises and equipment 118 92 113
Other expense 560 620 596
Total other expense 5,236 4,805 4,519
Income before income taxes 5,742 7,064 1,435
Income tax expense 1,350 1,615 294
Net income 4,392 5,449 1,141
Net income (loss) available to common stockholders, basic $ 4,304 $ 5,351 $ 1,104
Basic earnings per common share $ 15.52 $ 17.85 $ 3.60
Diluted earnings per common share $ 15.50 $ 17.83 $ 3.60