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Accounts Receivable and Loans | 9 Months Ended
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Sep. 30, 2013
Loans Notes Trade And Other Receivables Disclosure [Abstract] |
Accounts Receivable and Loans | 3. Accounts Receivable and Loans As described below, t he Company's charge and lending payment card products result in the generation of C ard M ember receivables and Card Member loans, respectively. Card Member and Other Receivables Card Member receivables, representing amounts due from charge card product customers, are recorded at the time a Card Member enters into a point-of-sale transaction with a merchant. Each charge card transaction is authorized based on its likely economics reflecting a Card Member's most recent credit information and spend patterns. Additionally, g lobal spend limits are established to limit the maximum exposure for the Company. Charge card customers generally must pay the full amount billed each month. Card Member receivable balances are presented on the Consolidated Balance Sheets net of rese rves for losses (refer to Note 4), and include principal and any related accrued fees. Accounts receivable as of September 30, 2013 and December 31, 2012 consisted of:
(Millions) |  | 2013 |  | 2012
U.S. Card Services(a) |  | $ | 20,258 |  | $ | 21,124
International Card Services |  |  | 7,181 |  |  | 7,778
Global Commercial Services(b) |  |  | 15,853 |  |  | 13,671
Global Network & Merchant Services(c) |  |  | 172 |  |  | 193
Card Member receivables(d) |  |  | 43,464 |  |  | 42,766
Less: Reserve for losses |  |  | 396 |  |  | 428
Card Member receivables, net |  | $ | 43,068 |  | $ | 42,338
Other receivables, net(e) |  | $ | 3,429 |  | $ | 3,576
Includes $6.4 b illion and $7.5 billion of gross Card Member receivables available to settle obligations of consolidated VIE s as of September 30, 2013 and December 31, 2012, respectively. Includes $476 million of gross Card Member receivables ava ilable to settle obligations of a consolidated VIE as of December 31, 2012. Also i ncludes $857 m illion and $913 m illion due from airlines, of which Delta Air Lines (Delta) comprises $600 m illion and $676 m illion as of September 30, 2013 and December 31, 2012, respectively. Includes receivables primarily related to the Company's International Currency Card portfolios. Includes approximately $13.7 billion of Card Member receivables outside the United States for both September 30, 2013 and December 31, 2012. Other receivables primarily represent amounts related to (i) purchased joint venture receivables, (ii) certain merchants for billed discount revenue, and (iii) Global N etwork S ervices (GNS) partner banks for items such as royalty and franchise fees. Other receivables are presented net of reserves for losses of $77 million and $86 million as of September 30, 2013 and December 31, 2012, respectively. Card Member and Other Loans Card Member loans, represent ing amounts due from lending card product customers, are recorded at the time a Card Member enters into a point-of-sale transaction with a merchant, as well as amounts due from charge card product customers when a C ard M ember enters into an extended payment arrangement with the Company. The Company's len ding portfolios primarily include revolving loans to Card Member s obta i ned through either their credit card accounts or the lending on charge feature of their charge card accounts. These loans have a range of terms such as credit limits, interest rates, fees and payment structures, which can be revised over time based on new information about Card Member s and in accordance with applicable regulations and the respective product's terms and conditions. Card Member s holding revolving loans are typically required to make monthly payments based on pre-established amounts. The amounts that Card Member s choose to revolve are subject to f inance c harges. Card Member loans are presented on the Consolidated Balance Sheets net of reserves for losses (refer to Note 4), and include principa l, accrued interest and fees receivable. The Company's policy generally is to cease accruing interest on a Card Member loan at the time the account is written off, and establish reserves for interest that the Company believes will not be collected. Loans as of September 30, 2013 and December 31, 2012 consisted of:
(Millions) |  |  | 2013 |  |  | 2012
U.S. Card Services(a) |  | $ | 54,481 |  | $ | 55,953
International Card Services |  |  | 8,445 |  |  | 9,236
Global Commercial Services |  |  | 44 |  |  | 40
Card Member loans |  |  | 62,970 |  |  | 65,229
Less: Reserve for losses |  |  | 1,281 |  |  | 1,471
Card Member loans, net |  | $ | 61,689 |  | $ | 63,758
Other loans, net(b) |  | $ | 526 |  | $ | 551
I ncludes approximately $29.5 billion and $32.7 billion of gross Card Member loans available to settle obligations o f consolidated VIE s as of September 30, 2013 and December 31, 2012, respectively. Other loans primarily represent loans to merchants and a store card loan portfolio whose billed b usiness is not processed on the Company's network. Other loans are presented net of reserves for losses of $16 million and $20 million as of September 30, 2013 and December 31, 2012, respectively. Card Member Loans and Card Member Receivables A ging Generally, a Card Member account is considered past due if payment is not received within 30 days af ter the billing statement date. T he following table represents the aging of Card Member loans and receivables as of September 30, 2013 and December 31, 2012:
|  |  |  |  |  | 30-59 |  |  | 60-89 |  |  | 90+ |  |  |
|  |  |  |  |  | Days |  |  | Days |  |  | Days |  |  |
|  |  |  |  |  | Past |  |  | Past |  |  | Past |  |  |
2013 (Millions) |  |  | Current |  |  | Due |  |  | Due |  |  | Due |  |  | Total
Card Member Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  | $ | 53,892 |  | $ | 184 |  | $ | 127 |  | $ | 278 |  | $ | 54,481
International Card Services |  |  | 8,318 |  |  | 41 |  |  | 28 |  |  | 58 |  |  | 8,445
Card Member Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  | $ | 19,915 |  | $ | 122 |  | $ | 65 |  | $ | 156 |  | $ | 20,258
International Card Services(a) |  |  | (b) |  |  | (b) |  |  | (b) |  |  | 80 |  |  | 7,181
Global Commercial Services(a) |  |  | (b) |  |  | (b) |  |  | (b) |  |  | 120 |  |  | 15,853
|  |  |  |  |  | 30-59 |  |  | 60-89 |  |  | 90+ |  |  |
|  |  |  |  |  | Days |  |  | Days |  |  | Days |  |  |
|  |  |  |  |  | Past |  |  | Past |  |  | Past |  |  |
2012 (Millions) |  |  | Current |  |  | Due |  |  | Due |  |  | Due |  |  | Total
Card Member Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  | $ | 55,281 |  | $ | 200 |  | $ | 147 |  | $ | 325 |  | $ | 55,953
International Card Services |  |  | 9,099 |  |  | 47 |  |  | 30 |  |  | 60 |  |  | 9,236
Card Member Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  | $ | 20,748 |  | $ | 116 |  | $ | 76 |  | $ | 184 |  | $ | 21,124
International Card Services(a) |  |  | (b) |  |  | (b) |  |  | (b) |  |  | 74 |  |  | 7,778
Global Commercial Services(a) |  |  | (b) |  |  | (b) |  |  | (b) |  |  | 112 |  |  | 13,671
For Card Member receivables in I nternational C ard S ervices (ICS) and Global Commercial Services (GCS), delinquency data is tracked based on days past billing status rather than days past due. A Card Member account is considered 90 days past billing if payment has not been received within 90 days of the Card Member's billing statement date. In addition, if the Company initiates collection procedures on an account prior to the account becoming 90 days past billing the associated Card Member receivable balance is considered as 90 days past billing. These amounts are shown above as 90+ Days Past Due for presentation purposes. D ata for periods prior to 90 days past billing are not available due to financial reporting system constraints. Therefore, it has not been relied upon for risk management purposes. The balances that are current to 89 days past due can be derived as the difference between the Total and the 90+ Days Past Due balances. Credit Quality Indicators for Card Member Loans and R eceivables The following table s prese nt the key credit quality indicators as of or for the nine months ended September 30:
|  | 2013 |  | 2012 |
|  | Net Write-Off Rate |  |  |  | Net Write-Off Rate |  |  |
|  |  |  |  |  | 30 Days |  |  |  |  |  | 30 Days |
|  |  |  | Principal, |  | Past Due |  |  |  | Principal, |  | Past Due |
|  | Principal |  | Interest, & |  | as a % of |  | Principal |  | Interest, & |  | as a % of |
|  | Only | (a) | Fees | (a) | Total |  | Only | (a) | Fees | (a) | Total |
Card Member Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  | 1.9 | % | 2.1 | % | 1.1 | % | 2.2 | % | 2.4 | % | 1.3 | %
International Card Services |  | 1.9 | % | 2.3 | % | 1.5 | % | 1.9 | % | 2.5 | % | 1.6 | %
Card Member Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  | 1.8 | % | 1.9 | % | 1.7 | % | 2.0 | % | 2.1 | % | 1.8 | %
|  |  |  |  |  | 2013 |  | 2012 |
|  |  |  |  |  | Net Loss |  |  |  | Net Loss |  |  |
|  |  |  |  |  | Ratio as |  | 90 Days |  | Ratio as |  | 90 Days |
|  |  |  |  |  | a % of |  | Past Billing |  | a % of |  | Past Billing |
|  |  |  |  |  | Charge |  | as a % of |  | Charge |  | as a % of |
|  |  |  |  |  | Volume |  | Receivables |  | Volume |  | Receivables |
Card Member Receivables: |  |  |  |  |  |  |  |  |
International Card Services |  | 0.20 | % | 1.1 | % | 0.16 | % | 0.9 | %
Global Commercial Services | 0.07 | % | 0.8 | % | 0.07 | % | 0.7 | %
The Company presents a net write-off rate based on principal losses only (i.e., excluding interest and/or fees) to be consistent with industry convention. In addition, b ecause the Company's practice is to include uncollectible interest and/or fees as part of its total provision for losses, a net write-off rate includi ng principal, interest and/or fees is also presented. Refer to Note 4 for additional indicators, including external environmental qualitative factors, management considers in its monthly evaluation process for reserves for losses. Impaired Card Member Loans and R eceivables Impaired loans and receivables are defined by GAAP as individual larger balance or homogeneous pools of smaller balance restructured loans and receivables for which it is probable that the Company will be unable to collect all amounts due according to the original contractual terms of the Card Member agreement. The Company considers impaired loans and receivables to include: (i) loans over 90 days past due still accruing interest, (ii) no n-accrual loans, and (iii) loans and receivables modified as troubled debt restructuring s (TDR s). The Company may modify, through various company sponsored programs, Card Member loans and receivables in instances where the Card Member is experiencing financial difficulty to minimize losses while providing Card Member s with temporary or permanent financial relief. The Company has classified Card Member loans and receivables in these modification programs as TDRs. Such modifications to the loans and receivables may include (i) reducing the interest rate (as low as zero percent, in which case the loan is characterized as non-accrual in the Company's TDR disclosures), (ii) reducing the outstanding balance (in the event of a settlement), (iii) suspending delinquenc y fees until the Card Member exits the modification program and (iv) placing the Card Member on a fixed payment plan not to exceed 60 months. Upon entering the modification program, the Card Member's ability to make future purchases is either cancelled or in certain cases suspended until the Card Member successfully exits the modification program. In accordance with the modification agree ment with the Card Member, loans revert back to the original contractual terms (including the contractual inter est rate) when the Card Member exit s the modification program, which is either (i) when all payments have been made in accordance with the modification agree ment or (ii) when the Card Member defaults out of the modification program. In either case, the Company establishes a reserve for Card Member interest charges and fees considered to be uncollectible. The performance of a loan or a receivable modified as a TDR is closely monitored to understand its impa ct on the Company's reserve for losses. Thou gh the ultimate success of modification programs remains uncertain, the Company believes the programs improve the cumulative loss performance of such loans and receivables. Reserves for Card Member loans and receivables modified as TDR s are determined as the difference between the cash flows expected to be received from the Card Member (taking into consideration the probability of subsequent defaults), discounted at the original effective interest rates, and the carrying value of the Card Member loan or receivable balance. The Company determines the original effective interest rate as the interest rate in effect prior to the imposition of any penalty interest r ate. All change s in the impairment measurement are included in the provision for losses i n the Consolidated Statements of Income. The following table provide s additional information with respect to the Company's impaired Card Member loans, which are not significant for GCS, and Card Member receivables, which are not significant for ICS and GCS, as of September 30, 2013 and December 31, 2012:
|  |  | Loans over |  |  |  |  |  |  |  |  |  |  |
|  |  | 90 Days |  |  |  |  |  | Loans & |  |  | Total |  |
|  |  | Past Due |  |  | Non- |  |  | Receivables |  |  | Impaired |  |  | Unpaid |  |  |
|  | & Accruing |  |  | Accrual |  |  | Modified |  |  | Loans & |  |  | Principal |  |  | Allowance
2013 (Millions) |  |  | Interest | (a) |  | Loans | (b) |  | as a TDR | (c) |  | Receivables |  |  | Balance | (d) |  | for TDRs(e)
Card Member Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  | $ | 125 |  | $ | 284 |  | $ | 397 |  | $ | 806 |  | $ | 764 |  | $ | 86
International Card Services |  |  | 57 |  |  | 4 |  |  | 4 |  |  | 65 |  |  | 64 |  |  | ―
Card Member Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  |  | ― |  |  | ― |  |  | 55 |  |  | 55 |  |  | 51 |  |  | 39
Total |  | $ | 182 |  | $ | 288 |  | $ | 456 |  | $ | 926 |  | $ | 879 |  | $ | 125
|  |  | Loans over |  |  |  |  |  |  |  |  |  |  |
|  |  | 90 Days |  |  |  |  |  | Loans & |  |  | Total |  |
|  |  | Past Due |  |  | Non- |  |  | Receivables |  |  | Impaired |  |  | Unpaid |  |  |
|  | & Accruing |  |  | Accrual |  |  | Modified |  |  | Loans & |  |  | Principal |  |  | Allowance
2012 (Millions) |  |  | Interest | (a) |  | Loans | (b) |  | as a TDR | (c) |  | Receivables |  |  | Balance | (d) | for TDRs(e)
Card Member Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  | $ | 73 |  | $ | 426 |  | $ | 627 |  | $ | 1,126 |  | $ | 1,073 |  | $ | 152
International Card Services |  |  | 59 |  |  | 5 |  |  | 6 |  |  | 70 |  |  | 69 |  |  | 1
Card Member Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  |  | ― |  |  | ― |  |  | 117 |  |  | 117 |  |  | 111 |  |  | 91
Total |  | $ | 132 |  | $ | 431 |  | $ | 750 |  | $ | 1,313 |  | $ | 1,253 |  | $ | 244
The Company's policy is generally to accrue inte rest through the date of write-off (at 180 days past due). The Company establishes reserves for interest that the Company believes will not be collected. Excludes loans modified as a TDR. Non-accrual loans not in modification programs include certain Card Member loans placed with outside collection agencies for which the Company has ceased accruing interest. Effective September 1, 2013 the Company began accru ing interest on accounts placed with o uts ide a gencies. Total loans and receivable s modified as a TDR include s $93 million and $320 mil lion that are non-accrual and $20 million and $6 million that are past due 90 days and still accruing interest as of September 30, 2013 and December 31, 2012, respectively. Unpaid principal balance consists of Card Member charges billed and excludes other amounts charged directly by the Company such as interest and fees. Represents the reserve for losses for TDRs, which are evaluated individually fo r impairment. The Company record s a reserve for losses for all impaired loans. Refer to Card Member Loans Evaluated Individually and Collectively for Impairment in Note 4 for further discussion of the reserve for losses on loans over 90 days past due and accruing interest and non-accrual loans, which are evaluated collectively for impairment. The foll owing table provide s information with respect to the Company's interest income recognized and average balances of impaired Card Member loans, which are not significant for GCS, and Card Member receivable s, which are not significant for ICS and GCS, during the three and nine months ended September 30:
|  | Three Months Ended September 30, 2013 |  | Nine Months Ended September 30, 2013 |  |
|  |  | Interest |  |  |  |  |  | Interest |  |  |  |  |
|  |  | Income |  |  | Average |  |  | Income |  |  | Average |  |
(Millions) |  |  | Recognized |  |  | Balance |  |  | Recognized |  |  | Balance |  |
Card Member Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  | $ | 11 |  | $ | 859 |  | $ | 34 |  | $ | 982 |  |
International Card Services |  |  | 4 |  |  | 66 |  |  | 12 |  |  | 68 |  |
Card Member Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  |  | ― |  |  | 62 |  |  | ― |  |  | 89 |  |
Total |  | $ | 15 |  | $ | 987 |  | $ | 46 |  | $ | 1,139 |  |
|  | Three Months Ended September 30, 2012 |  | Nine Months Ended September 30, 2012 |  |
|  |  | Interest |  |  |  |  |  | Interest |  |  |  |  |
|  |  | Income |  |  | Average |  |  | Income |  |  | Average |  |
(Millions) |  |  | Recognized |  |  | Balance |  |  | Recognized |  |  | Balance |  |
Card Member Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  | $ | 11 |  | $ | 1,182 |  | $ | 35 |  | $ | 1,244 |  |
International Card Services |  |  | 4 |  |  | 73 |  |  | 12 |  |  | 77 |  |
Card Member Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services |  |  | ― |  |  | 120 |  |  | ― |  |  | 140 |  |
Total |  | $ | 15 |  | $ | 1,375 |  | $ | 47 |  | $ | 1,461 |  |
Card Member Loans and Receivables Modified as TDRs The following table provides additional information with respect to the Card Member loans and receivables modified as TDRs, which are not significant for ICS and GCS, during the three and nine months ended September 30:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2013 |  | September 30, 2013
|  |  |  |  | Aggregated |  |  | Aggregated |  |  |  |  | Aggregated |  |  | Aggregated
|  |  |  |  | Pre- |  |  | Post- |  |  |  |  | Pre- |  |  | Post-
|  |  |  | Modification |  | Modification |  |  |  | Modification |  | Modification
|  | Number of |  | Outstanding |  | Outstanding |  | Number of |  | Outstanding |  | Outstanding
(Accounts in thousands, Dollars in millions) |  | Accounts |  |  | Balances(a) |  |  | Balances(a) |  | Accounts |  |  | Balances(a) |  |  | Balances(a)
Troubled Debt Restructurings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services ― Card Member Loans |  | 12 |  | $ | 91 |  | $ | 91 |  | 47 |  | $ | 357 |  | $ | 355
U.S. Card Services ― Card Member Receivables |  | 4 |  |  | 49 |  |  | 49 |  | 16 |  |  | 204 |  |  | 202
Total(b) |  | 16 |  | $ | 140 |  | $ | 140 |  | 63 |  | $ | 561 |  | $ | 557
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2012 |  | September 30, 2012
|  |  |  |  | Aggregated |  |  | Aggregated |  |  |  |  | Aggregated |  |  | Aggregated
|  |  |  |  | Pre- |  |  | Post- |  |  |  |  | Pre- |  |  | Post-
|  |  |  | Modification |  | Modification |  |  |  | Modification |  | Modification
|  | Number of |  | Outstanding |  | Outstanding |  | Number of |  | Outstanding |  | Outstanding
(Accounts in thousands, Dollars in millions) |  | Accounts |  |  | Balances(a) |  |  | Balances(a) |  | Accounts |  |  | Balances(a) |  |  | Balances(a)
Troubled Debt Restructurings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services ― Card Member Loans |  | 26 |  | $ | 193 |  | $ | 190 |  | 82 |  | $ | 600 |  | $ | 587
U.S. Card Services ― Card Member Receivables |  | 9 |  |  | 104 |  |  | 103 |  | 28 |  |  | 326 |  |  | 320
Total(b) |  | 35 |  | $ | 297 |  | $ | 293 |  | 110 |  | $ | 926 |  | $ | 907
I ncludes principal and accrued interest. The difference between the pre- and post-modification outstanding balance s is attributable to amounts charged off for Card Member loans and receivables being resolved through the Company's short-term settlement programs. As described previously, the Company's Card Member loans and receivables modification programs may include (i) reducing the interest rate, (ii) reducing the outstanding balance, (i ii) suspending delinquency fees and (iv) placing the Card Member on a fixed payment plan not to exceed 60 months. Upon entering the modification program, the Card Member's ability to make future purchases is either cancelled or in certain cases suspended until successfully exiting the modification program. The Company has evaluated the primary financial effects of the impact of the changes to an account upon modification as follows: Interest Rate Reduction: For the three months ended September 30, 2013 and 2012, the average interest rate reduction was 10 percentage points and 11 perce ntage points, respectively. For the nine months ended September 30, 2013 and 2012, the average interest rate reduction was 11 percentage points and 12 percentage points, respectively. None of these interest rate reductions had a significant impact on interest on loans in the Consolidated Statements of Income. The Company does not offer interest rate reduction programs for U.S. Card Services (USCS) Card Member r eceivables as these receivables are non-interest bearing. Outstanding Balance Reduction: The table above presents the financial effects to the Company as a result of reducing the outstanding balance for s hort-term settlement p rograms. The difference between the pre- and post-modification outstanding balances represents the amount that either has been written off or will be written off upon successful completion of the settlement program. Starting in 2013, we began writing off Card Member balances upon entering into a settlement agreement, with any payments received thereafter recognized as recoveries, and a s such, there is no longer a difference between the pre- and post-modification outstanding balance s. This change had a de minimis impact on the amount of write-offs. Payment Term Extension: For both the three and nine months ended September 30, 2013, the aver age payment term extension was approximately 12 months for USCS Card Member r eceivables. For t he three and nine months ended September 30, 2012, the average payment term extension was approximately 12 months and 13 months, respectively, for USCS Card Member receivables. For USCS Card Member l oans, there have been no payment term extension s. The following table provides information for the three and nine months ended September 30, 2013 and 2012, with respect to the Card Member loans and receivables modif ied as TDRs that subsequently defaulted w ithin 12 months of modification. A Card Member will default from a modific ation program after one and up to two consecutive missed payments, depending on the terms of the modification program. The defaulted ICS Card Member loan and receivable modifications were not significant.
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2013 |  | September 30, 2013
|  |  |  |  |  | Aggregated |  |  |  |  |  | Aggregated
|  |  |  |  | Outstanding |  |  |  |  | Outstanding
|  |  | Number of |  |  | Balances |  |  | Number of |  |  | Balances
(Accounts in thousands, Dollars in millions) |  |  | Accounts |  | Upon Default(a) |  |  | Accounts |  | Upon Default(a)
Troubled Debt Restructurings That Subsequently Defaulted: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services ― Card Member Loans |  |  | 4 |  | $ | 37 |  |  | 15 |  | $ | 138
U.S. Card Services ― Card Member Receivables |  |  | 1 |  |  | 8 |  |  | 3 |  |  | 33
Total |  |  | 5 |  | $ | 45 |  |  | 18 |  | $ | 171
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2012 |  | September 30, 2012
|  |  |  |  |  | Aggregated |  |  |  |  |  | Aggregated
|  |  |  |  | Outstanding |  |  |  |  | Outstanding
|  |  | Number of |  |  | Balances |  |  | Number of |  |  | Balances
(Accounts in thousands, Dollars in millions) |  |  | Accounts |  | Upon Default(a) |  |  | Accounts |  | Upon Default(a)
Troubled Debt Restructurings That Subsequently Defaulted: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Card Services ― Card Member Loans |  |  | 4 |  | $ | 39 |  |  | 19 |  | $ | 149
U.S. Card Services ― Card Member Receivables |  |  | 1 |  |  | 8 |  |  | 1 |  |  | 28
Total |  |  | 5 |  | $ | 47 |  |  | 20 |  | $ | 177
The outstanding balance include s principal, fees and accrued interest on Card Member Loans and principal and fees on Card Member Receivables.

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- Definition The entire disclosure for financing receivables. Examples of financing receivables include, but are not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953791-111525 + Details
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