American Express 2015 Annual Report Download - page 185
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The following table summarizes the changes to the Company’s allowance for Card Member receivables losses.
The table segregates such changes between U.S. and non-U.S. borrowers.
Years Ended December 31, (Millions, except percentages) 2015 2014 2013 2012 2011
Card Member receivables
Allowance for losses at beginning of year
U.S. receivables
Consumer ................................................. $ 276 $ 216 $ 273 $ 293 $ 193
Commercial ............................................... 53 35 37 33 79
Total U.S. receivables ................................... 329 251 310 326 272
Non-U.S. receivables
Consumer ................................................. 93 98 86 86 84
Commercial ............................................... 43 37 32 26 30
Total non-U.S. receivables ............................... 136 135 118 112 114
Total allowance for losses ..................................... 465 386 428 438 386
Provisions for losses (a)
U.S. receivables
Consumer ................................................. 420 451 336 372 438
Commercial ............................................... 76 98 53 57 7
Total U.S. provisions .................................... 496 549 389 429 445
Non-U.S. receivables
Consumer ................................................. 169 172 188 128 130
Commercial ............................................... 72 71 71 44 29
Total non-U.S. provisions ................................ 241 243 259 172 159
Total provisions for losses ................................. 737 792 648 601 604
Write-offs
U.S. receivables
Consumer ................................................. (698) (618) (662) (674) (576)
Commercial ............................................... (123) (120) (92) (92) (90)
Total U.S. write-offs ..................................... (821) (738) (754) (766) (666)
Non-U.S. receivables
Consumer ................................................. (204) (211) (227) (190) (187)
Commercial ............................................... (89) (92) (90) (67) (56)
Total non-U.S. write-offs ................................. (293) (303) (317) (257) (243)
Total write-offs ........................................... $(1,114) $(1,041) $(1,071) $(1,023) $(909)
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