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Fair Values (Tables) | 6 Months Ended
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Jun. 30, 2015
Fair Values (Tables) [Abstract] |
Fair value assets and liabilities measured on recurring basis | The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy, as of June 30, 2015 and December 31, 2014:
|  |  |  | 2015 |  | 2014
(Millions) |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment securities:(a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity securities |  | $ | 1 |  | $ | 1 |  | $ | ― |  | $ | ― |  | $ | 1 |  | $ | 1 |  | $ | ― |  | $ | ―
| Debt securities and other |  |  | 4,583 |  |  | 351 |  |  | 4,232 |  |  | ― |  |  | 4,430 |  |  | 350 |  |  | 4,080 |  |  | ―
Derivatives(a) |  |  | 605 |  |  | ― |  |  | 605 |  |  | ― |  |  | 991 |  |  | ― |  |  | 991 |  |  | ―
Total assets |  |  | 5,189 |  |  | 352 |  |  | 4,837 |  |  | ― |  |  | 5,422 |  |  | 351 |  |  | 5,071 |  |  | ―
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives(a) |  |  | 304 |  |  | ― |  |  | 304 |  |  | ― |  |  | 164 |  |  | ― |  |  | 164 |  |  | ―
Total liabilities |  | $ | 304 |  | $ | ― |  | $ | 304 |  | $ | ― |  | $ | 164 |  | $ | ― |  | $ | 164 |  | $ | ―
Refer to Note 5 for the fair values of investment securities and to Note 9 for the fair values of derivative assets and liabilities, on a further disaggregated basis.
Estimated fair value of financial assets and financial liabilities | The following table summarizes the estimated fair value s of the Company’s financial assets and financial liabilities that are not required to be carried at fair value on a recurring basis, as of June 30, 2015 and December 31, 2014. The fair values of these financial instruments are estimates based upon the market conditions and perceived risks as of June 30, 2015 and December 31, 2014, and require management judgment. These figures may not be indicative of future fair values, nor can the fair value of the Company be estimated by aggregating t he amounts presented.
|  |  |  |  |  | Carrying |  |  | Corresponding Fair Value Amount
2015 (Billions) |  |  | Value |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Financial assets for which carrying values |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | equal or approximate fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Cash and cash equivalents |  | $ | 21 |  | $ | 21 |  | $ | 20 |  | $ | 1 | (a) | $ | ―
|  |  | Other financial assets(b) |  |  | 49 |  |  | 49 |  |  | ― |  |  | 49 |  |  | ―
| Financial assets carried at other than fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Loans, net |  |  | 69 |  |  | 69 | (c) |  | ― |  |  | ― |  |  | 69
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Financial liabilities for which carrying values |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | equal or approximate fair value |  |  | 62 |  |  | 62 |  |  | ― |  |  | 62 |  |  | ―
| Financial liabilities carried at other than |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Certificates of deposit(d) |  |  | 10 |  |  | 10 |  |  | ― |  |  | 10 |  |  | ―
|  |  | Long-term debt |  | $ | 53 |  | $ | 54 | (c) | $ | ― |  | $ | 54 |  | $ | ―
|  |  |  |  |  | Carrying |  |  | Corresponding Fair Value Amount
2014 (Billions) |  |  | Value |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Financial assets for which carrying values |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | equal or approximate fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Cash and cash equivalents |  | $ | 22 |  | $ | 22 |  | $ | 21 |  | $ | 1 | (a) | $ | ―
|  |  | Other financial assets(b) |  |  | 48 |  |  | 48 |  |  | ― |  |  | 48 |  |  | ―
| Financial assets carried at other than fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Loans, net |  |  | 70 |  |  | 71 | (c) |  | ― |  |  | ― |  |  | 71
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Financial liabilities for which carrying values |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | equal or approximate fair value |  |  | 61 |  |  | 61 |  |  | ― |  |  | 61 |  |  | ―
| Financial liabilities carried at other than |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Certificates of deposit(d) |  |  | 8 |  |  | 8 |  |  | ― |  |  | 8 |  |  | ―
|  |  | Long-term debt |  | $ | 58 |  | $ | 60 | (c) | $ | ― |  | $ | 60 |  | $ | ―
Reflects time deposits. Includes accounts receivable (including fair values of Card Member receivables of $6.2 billion and $7.0 billion held by a consolidated VIE as of June 30, 2015 and December 31, 2014, respectively), restricted cash and other miscellaneous assets. Includes fair values of Card Member loans of $27.9 billion and $29.9 billion, and long-term debt of $16.5 billion and $19.5 billion held by a consolidated VIE as of June 30, 2015 and December 31, 2014, respectively. Presented as a component of customer deposits on the Consolidated Balance Sheets.

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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