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Loans Receivable, Net | 9 Months Ended
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Sep. 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 September 30, 2022 and December 31, 2021, Loans receivable, net were as follows:
| September 30, 2022
|  | Loans receivable |  |  | Allowance for doubtful accounts |  |  | Loans receivable, net
| (In millions)
On-line merchant | $ | 410 |  | $ | (112) |  | $ | 298
Consumer |  | 1,512 |  |  | (537) |  |  | 975
In-store merchant |  | 280 |  |  | (136) |  |  | 144
Credit Cards |  | 572 |  |  | (223) |  |  | 349
Total | $ | 2,774 |  | $ | (1,008) |  | $ | 1,766
‎
| 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:
|  | September 30, |  |  | December 31,
|  | 2022 |  |  | 2021
| (In millions)
1-30 days past due | $ | 150 |  | $ | 90
31-60 days past due |  | 108 |  |  | 47
61 -90 days past due |  | 105 |  |  | 37
91 -120 days past due |  | 104 |  |  | 37
121 -150 days past due |  | 94 |  |  | 31
151 -180 days past due |  | 89 |  |  | 25
181 -210 days past due |  | 83 |  |  | 24
211 -240 days past due |  | 76 |  |  | 23
241 -270 days past due |  | 75 |  |  | 21
271 -300 days past due |  | 59 |  |  | 21
301 -330 days past due |  | 46 |  |  | 30
331 -360 days past due |  | 37 |  |  | 25
Total past due |  | 1,026 |  |  | 411
To become due |  | 1,748 |  |  | 1,284
Total | $ | 2,774 |  | $ | 1,695
The following tables summarize the allowance for doubtful accounts activity during the nine-month periods ended September 30, 2022 and 2021:
|  | September 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 |  | 83 |  |  | 457 |  |  | 111 |  |  | 191 |  |  | 842
Currency translation adjustments |  | (2) |  |  | (19) |  |  | (3) |  |  | (9) |  |  | (33)
Utilized /Write-offs (*) |  | (48) |  |  | (133) |  |  | (48) |  |  | (7) |  |  | (236)
Balance at end of period | $ | 112 |  | $ | 537 |  | $ | 136 |  | $ | 223 |  | $ | 1,008
|  | September 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 |  | 51 |  |  | 157 |  |  | 52 |  |  | 12 |  |  | 272
Currency translation adjustments |  | (2) |  |  | (4) |  |  | (2) |  |  | — |  |  | (8)
Utilized /Write-offs (*) |  | (4) |  |  | (11) |  |  | (2) |  |  | (2) |  |  | (19)
Balance at end of period | $ | 65 |  | $ | 187 |  | $ | 61 |  | $ | 10 |  | $ | 323
(*) | The Company writes off loans when customer balance becomes 360 days past due.

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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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