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Loan Receivables (Schedule of Loan Receivables) (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loan receivables $ 128,409 $ 112,120    
Allowance for credit losses (9,283) (7,374) $ (6,822) $ (8,226)
Net loan receivables 119,126 104,746    
Variable Interest Entity, Primary Beneficiary [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loan receivables 30,590 25,937    
Allowance for credit losses (1,347) (1,152)    
Credit Card Securitization Trusts [Member] | Variable Interest Entity, Primary Beneficiary [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loan receivables [1] 30,440 25,761    
Allowance for credit losses [1] (1,347) (1,152)    
Net loan receivables 29,093 24,609    
Sellers' interest 15,598 12,220    
Credit Card Loans [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loan receivables [2],[3] 102,259 90,113    
Allowance for credit losses (7,619) (5,883) (5,273) (6,491)
Interest Receivable 753 611    
Credit Card Loans [Member] | Credit Card Securitization Trusts [Member] | Variable Interest Entity, Primary Beneficiary [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Investors' interests 14,800 13,500    
Sellers' interest 15,600 12,200    
Total Other Loans [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loan receivables [4] 26,150 22,007    
Total Other Loans [Member] | Private Student Loans [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loan receivables [4],[5] 10,352 10,308    
Allowance for credit losses (858) (839) (843) (840)
Interest Receivable 522 468    
Private student loans including PCI in repayment 6,300 6,000    
Total Other Loans [Member] | Personal Loans [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loan receivables [4] 9,852 7,998    
Allowance for credit losses (722) (595) (662) (857)
Interest Receivable 69 49    
Total Other Loans [Member] | Other Loans [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loan receivables [4] 5,946 3,701    
Allowance for credit losses (84) (57) $ (44) $ (38)
Interest Receivable $ 21 $ 11    
[1] The Company maintains its allowance for credit losses at an amount equal to lifetime expected credit losses associated with all loan receivables, which includes all loan receivables in the trusts. Therefore, the credit risk associated with the transferred receivables is fully reflected on the Company’s statements of financial condition in accordance with GAAP.
[2] Amounts include carrying values of $14.8 billion and $13.5 billion underlying investors’ interest in trust debt at December 31, 2023 and 2022, respectively, and $15.6 billion and $12.2 billion in seller’s interest at December 31, 2023 and 2022, respectively. See Note 5: Credit Card and Private Student Loan Securitization Activities for additional information.
[3] Unbilled accrued interest receivable on credit card loans, which is presented as part of other assets in the Company’s consolidated statements of financial condition, was $753 million and $611 million at December 31, 2023 and 2022, respectively.
[4] Accrued interest receivable on private student, personal and other loans, which is presented as part of other assets in the Company’s consolidated statements of financial condition, was $522 million, $69 million and $21 million, respectively, at December 31, 2023 and $468 million, $49 million and $11 million, respectively, at December 31, 2022.
[5] Private student loans in repayment were $6.3 billion and $6.0 billion at December 31, 2023 and 2022, respectively.