Discover 2014 Annual Report Download - page 171

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The following table presents segment data for the period (dollars in millions):
Direct
Banking Payment Services Total
For the Fiscal Year Ended November 30, 2012
Interest income
Credit card ...................................................................................................................... $ 5,751 $ — $ 5,751
Private student loans ......................................................................................................... 184 — 184
PCI student loans .............................................................................................................. 303 — 303
Personal loans ................................................................................................................. 363 — 363
Other .............................................................................................................................. 102 — 102
Total interest income ..................................................................................................... 6,703 — 6,703
Interest expense ................................................................................................................... 1,331 — 1,331
Net interest income ....................................................................................................... 5,372 — 5,372
Provision for loan losses ....................................................................................................... 848 — 848
Other income ...................................................................................................................... 1,939 342 2,281
Other expense ..................................................................................................................... 2,891 161 3,052
Income before income tax expense ................................................................................. $ 3,572 $ 181 $ 3,753
For the One Month Ended December 31, 2012
Interest income
Credit card ...................................................................................................................... $ 510 $ — $ 510
Private student loans ......................................................................................................... 18 — 18
PCI student loans .............................................................................................................. 24 — 24
Personal loans ................................................................................................................. 34 — 34
Other .............................................................................................................................. 9 — 9
Total interest income ..................................................................................................... 595 — 595
Interest expense ................................................................................................................... 103 — 103
Net interest income ....................................................................................................... 492 — 492
Provision for loan losses ....................................................................................................... 178 — 178
Other income ...................................................................................................................... 169 31 200
Other expense ..................................................................................................................... 224 16 240
Income before income tax expense ................................................................................. $ 259 $ 15 $ 274
23. Related Party Transactions
In the ordinary course of business, the Company offers consumer financial products to its directors, executive
officers and certain members of their families. These products are offered on substantially the same terms as those
prevailing at the time for comparable transactions with unrelated parties, and these receivables are included in the loan
receivables in the Company's consolidated statements of financial condition. They were not material to the Company's
financial position or results of operations.