XML 75 R19.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Fair Values | 9 Months Ended
--- | ---
Sep. 30, 2015
Fair Value (Disclosures) [Abstract] |
Fair Values | 10. Fair Values Financial Assets and Financial Liabilities Carried at Fair Value 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 September 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 |  |  | 3,946 |  |  | 302 |  |  | 3,644 |  |  | ― |  |  | 4,430 |  |  | 350 |  |  | 4,080 |  |  | ―
Derivatives(a) |  |  | 922 |  |  | ― |  |  | 922 |  |  | ― |  |  | 991 |  |  | ― |  |  | 991 |  |  | ―
Total assets |  |  | 4,869 |  |  | 303 |  |  | 4,566 |  |  | ― |  |  | 5,422 |  |  | 351 |  |  | 5,071 |  |  | ―
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives(a) |  |  | 218 |  |  | ― |  |  | 218 |  |  | ― |  |  | 164 |  |  | ― |  |  | 164 |  |  | ―
Total liabilities |  | $ | 218 |  | $ | ― |  | $ | 218 |  | $ | ― |  | $ | 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. 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 September 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 September 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 |  | $ | 20 |  | $ | 20 |  | $ | 19 |  | $ | 1 | (a) | $ | ―
|  |  | Other financial assets(b) |  |  | 48 |  |  | 48 |  |  | ― |  |  | 48 |  |  | ―
| 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) |  |  | 11 |  |  | 11 |  |  | ― |  |  | 11 |  |  | ―
|  |  | Long-term debt |  | $ | 49 |  | $ | 50 | (c) | $ | ― |  | $ | 50 |  | $ | ―
|  |  |  |  |  | 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 $5.9 billion and $7.0 billion held by a consolidated VIE as of September 30, 2015 and December 31, 2014, respectively), restricted cash and other miscellaneous assets. Includes fair values of Card Member loans of $27.2 billion and $29.9 billion, and long-term debt of $13.4 billion and $19.5 billion held by a consolidated VIE as of September 30, 2015 and December 31, 2014, respectively. Presented as a component of customer deposits on the Consolidated Balance Sheets. Nonrecurring Fair Value Measurements The Company has certain assets that are subject to measurement at fair value on a nonrecurring basis. For these assets, measurement at fair value in periods subsequent to their initial recognition is applicable if determined to be impaired. During the nine months ended September 30, 2015 and during the year ended December 31, 2014, the Compan y did not have any material assets that were measured at fair value due to impairment.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13537-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13504-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration