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Loans Receivable, Net | 6 Months Ended
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Jun. 30, 2022
Loans Receivable, Net [Abstract] |
Loans Receivable, Net | 5. Loans receivable, net The Company classifies loans receivable as “On-line merchant”, “Consumer”, “In-store merchant” and “Credit Cards.” As of June 30, 2022 and December 31, 2021, Loans receivable, net were as follows:
| June 30, 2022
|  | Loans receivable |  |  | Allowance for doubtful accounts |  |  | Loans receivable, net
| (In millions)
On-line merchant | $ | 414 |  | $ | (105) |  | $ | 309
Consumer |  | 1,472 |  |  | (443) |  |  | 1,029
In-store merchant |  | 276 |  |  | (123) |  |  | 153
Credit Cards |  | 525 |  |  | (171) |  |  | 354
Total | $ | 2,687 |  | $ | (842) |  | $ | 1,845
| December 31, 2021
|  | Loans receivable |  |  | Allowance for doubtful accounts |  |  | Loans receivable, net
| (In millions)
On-line merchant | $ | 361 | $ |  | (79) |  | $ | 282
Consumer |  | 851 |  |  | (232) |  |  | 619
In-store merchant |  | 187 |  |  | (76) |  |  | 111
Credit Cards |  | 296 |  |  | (48) |  |  | 248
Total | $ | 1,695 |  | $ | (435) |  | $ | 1,260
The credit quality analysis of loans receivable was as follows:
|  | June 30, |  |  | December 31,
|  | 2022 |  |  | 2021
| (In millions)
1-30 days past due | $ | 164 |  | $ | 90
31-60 days past due |  | 97 |  |  | 47
61 -90 days past due |  | 93 |  |  | 37
91 -120 days past due |  | 85 |  |  | 37
121 -150 days past due |  | 86 |  |  | 31
151 -180 days past due |  | 80 |  |  | 25
181 -210 days past due |  | 59 |  |  | 24
211 -240 days past due |  | 49 |  |  | 23
241 -270 days past due |  | 39 |  |  | 21
271 -300 days past due |  | 36 |  |  | 21
301 -330 days past due |  | 30 |  |  | 30
331 -360 days past due |  | 25 |  |  | 25
Total past due |  | 843 |  |  | 411
To become due |  | 1,844 |  |  | 1,284
Total | $ | 2,687 |  | $ | 1,695
The following tables summarize the allowance for doubtful accounts activity during the six-month periods ended June 30, 2022 and 2021:
|  | June 30, 2022
|  | On-line merchant |  |  | Consumer |  |  | In-store merchant |  |  | Credit Cards |  |  | Total
| (In millions)
Balance at beginning of year | $ | 79 |  | $ | 232 |  | $ | 76 |  | $ | 48 |  | $ | 435
Charged/credited to Net Income |  | 58 |  |  | 299 |  |  | 76 |  |  | 124 |  |  | 557
Charges/Utilized /Currency translation adjustments/Write-offs |  | (32) |  |  | (88) |  |  | (29) |  |  | (1) |  |  | (150)
Balance at end of period | $ | 105 |  | $ | 443 |  | $ | 123 |  | $ | 171 |  | $ | 842
|  | June 30, 2021
|  | On-line merchant |  |  | Consumer |  |  | In-store merchant |  |  | Credit Cards |  |  | Total
| (In millions)
Balance at beginning of year | $ | 20 |  | $ | 45 |  | $ | 13 |  | $ | — |  | $ | 78
Charged/credited to Net Income |  | 30 |  |  | 101 |  |  | 34 |  |  | 2 |  |  | 167
Charges/Utilized /Currency translation adjustments/Write-offs |  | (2) |  |  | (4) |  |  | 1 |  |  | (1) |  |  | (6)
Balance at end of period | $ | 48 |  | $ | 142 |  | $ | 48 |  | $ | 1 |  | $ | 239

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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