Loans Receivable, Net

6 Months Ended

Jun. 30, 2022

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