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Loans receivable, net (Tables)

3 Months Ended

Mar. 31, 2023

The Company classifies loans receivable as “On-line merchant”, “Consumer”, “In-store merchant” and “Credit Cards.” As of March 31, 2023 and December 31, 2022, the components of Loans receivable, net were as follows:


	March 31, 2023
	Loans receivable		Allowance for doubtful accounts		Loans receivable, net
	(In millions)
On-line merchant	$	413	$	(124)	$	289
Consumer	1,713		(639)		1,074
In-store merchant	260		(141)		119
Credit Cards	663		(237)		426
Total	$	3,049	$	(1,141)	$	1,908


	December 31, 2022
	Loans receivable		Allowance for doubtful accounts		Loans receivable, net
	(In millions)
On-line merchant	$	394	$	(120)	$	274
Consumer	1,568		(614)		954
In-store merchant	267		(145)		122
Credit Cards	611		(225)		386
Total	$	2,840	$	(1,104)	$	1,736

Schedule of Credit Quality Analysis of Loans Receivables

The amortized cost of the loans receivable classified by the Company’s credit quality internal indicator was as follows:


	March 31, 2023		December 31, 2022
	(In millions)
1-30 days past due	$	119	$	118
31-60 days past due	83		88
61 -90 days past due	88		86
91 -120 days past due	82		103
121 -150 days past due	90		110
151 -180 days past due	84		112
181 -210 days past due	100		100
211 -240 days past due	109		93
241 -270 days past due	112		89
271 -300 days past due	101		73
301 -330 days past due	94		85
331 -360 days past due	89		75
Total past due	1,151		1,132
To become due	1,898		1,708
Total	$	3,049	$	2,840

Summary of Allowance for Uncollectible Accounts Activity

The following tables summarize the allowance for doubtful accounts activity during the three-month periods ended March 31, 2023 and 2022:


	March 31, 2023
	On-line merchant		Consumer		In-store merchant		Credit Cards		Total
	(In millions)
Balance at beginning of year	$	120	$	614	$	145	$	225	$	1,104
Net charged to Net Income	28		126		29		57		240
Currency translation adjustments	4		18		2		6		30
Write-offs (*)	(28)		(119)		(35)		(51)		(233)
Balance at end of period	$	124	$	639	$	141	$	237	$	1,141


	March 31, 2022
	On-line merchant		Consumer		In-store merchant		Credit Cards		Total
	(In millions)
Balance at beginning of year	$	79	$	232	$	76	$	48	$	435
Net charged to Net Income	30		130		33		60		253
Currency translation adjustments	11		28		12		15		66
Write-offs (*)	(18)		(45)		(13)		—		(76)
Balance at end of period	$	102	$	345	$	108	$	123	$	678

(*) The Company writes off loans when customer balance becomes 360 days past due.