XML 74 R50.htm IDEA: XBRL DOCUMENT v3.6.0.2

Fair Values (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block [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 fair value hierarchy (as described in the preceding paragraphs), as of December 31:

			2016												2015
(Millions)				Total		Level 1			Level 2			Level 3				Total		Level 1			Level 2			Level 3
Assets:
Investment securities:(a)
	Equity securities and other		$	49		$	1		$	48		$	―		$	49		$	1		$	48		$	―
	Debt securities			3,108			460			2,648			―			3,710			409			3,301			―
Derivatives(a)				765			―			765			―			544			―			544			―
Total Assets				3,922			461			3,461			―			4,303			410			3,893			―
Liabilities:
Derivatives(a)				280			―			280			―			201			―			201			―
Total Liabilities			$	280		$	―		$	280		$	―		$	201			―			201			―

Refer to Note 5 for the fair values of investment securities and to Note 14 for the fair values of derivative assets and liabilities, on a further disaggregated 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 described in the preceding paragraphs), as of December 31:

Refer to Note 5 for the fair values of investment securities and to Note 14 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 values 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 December 31, 2016 and 2015. The fair values of these financial instruments are estimates based upon the market conditions and perceived risks as of December 31, 2016 and 2015, and require management’s judgment. These figures may not be indicative of future fair values, nor can the fair value of the Company be estimated by aggregating the amounts presented.

						Carrying			Corresponding Fair Value Amount
2016 (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(a)		$	25		$	25		$	22		$	3		$	―
			Other financial assets(b)			51			51			―			51			―
	Financial assets carried at other than fair value
			Loans, net(c)			65			66			―			―			66
Financial Liabilities:
	Financial liabilities for which carrying values equal or
		approximate fair value				67			67			―			67			―
	Financial liabilities carried at other than fair value
			Certificates of deposit(d)			12			12			―			12			―
			Long-term debt(c)		$	47		$	48		$	―		$	48		$	―
						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(a)		$	23		$	23		$	22		$	1		$	―
			Other financial assets(b)			47			47			―			47			―
	Financial assets carried at other than fair value
			Card Member loans and receivables HFS(e)			15			15			―			―			15
			Loans, net(c)			59			60			―			―			60
Financial Liabilities:
	Financial liabilities for which carrying values equal or
		approximate fair value				67			67			―			67			―
	Financial liabilities carried at other than fair value
			Certificates of deposit(d)			14			14			―			14			―
			Long-term debt(c)		$	48		$	49		$	―		$	49		$	―

• Level 2 amounts reflect time deposits and short-term investments.
• Includes Card Member receivables (including fair values of Card Member receivables of $8.8 billion and $6.7 billion held by a consolidated VIE as of December 31, 2016 and 2015, respectively), Other receivables, restricted cash and other miscellaneous assets.
• Balances include amounts held by a consolidated VIE for which the fair values of Card Member loans were $26.0 billion and $23.5 billion as of December 31, 2016 and 2015, respectively, and the fair values of long-term debt were $15.2 billion and $13.6 billion as of December 31, 2016 and 2015, respectively.
• Presented as a component of customer deposits on the Consolidated Balance Sheets.
• Does not include any fair value associated with the Card Member account relationships. Refer to Note 2 for additional information.

X

- 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=73719730&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=66048111&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=73719730&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=73719730&loc=d3e13433-108611

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=66048111&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration