XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.23.2

Loans receivable, net (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Receivables [Abstract] |
Schedule of Loans Receivable, Net | The Company classifies loans receivable as “On-line merchant”, “Consumer”, “In-store merchant” and “Credit Cards.” As of June 30, 2023 and December 31, 2022, the components of Loans receivable, net were as follows:
| June 30, 2023
| Loans receivable |  | Allowance for doubtful accounts |  | Loans receivable, net
| (In millions)
On-line merchant | $ | 429 |  |  | $ | (130) |  |  | $ | 299 |
Consumer | 1,795 |  |  | (625) |  |  | 1,170 |
In-store merchant | 278 |  |  | (138) |  |  | 140 |
Credit Cards | 748 |  |  | (230) |  |  | 518 |
Total | $ | 3,250 |  |  | $ | (1,123) |  |  | $ | 2,127 |
| 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:
| June 30, 2023 |  | December 31, 2022
| (In millions)
1-30 days past due | $ | 146 |  |  | $ | 118 |
31-60 days past due | 85 |  |  | 88 |
61 -90 days past due | 90 |  |  | 86 |
91 -120 days past due | 71 |  |  | 103 |
121 -150 days past due | 89 |  |  | 110 |
151 -180 days past due | 79 |  |  | 112 |
181 -210 days past due | 72 |  |  | 100 |
211 -240 days past due | 90 |  |  | 93 |
241 -270 days past due | 91 |  |  | 89 |
271 -300 days past due | 100 |  |  | 73 |
301 -330 days past due | 111 |  |  | 85 |
331 -360 days past due | 114 |  |  | 75 |
Total past due | 1,138 |  |  | 1,132 |
To become due | 2,112 |  |  | 1,708 |
Total | $ | 3,250 |  |  | $ | 2,840 |
Summary of Allowance for Uncollectible Accounts Activity | The following tables summarize the allowance for doubtful accounts activity during the six-month periods ended June 30, 2023 and 2022:
| June 30, 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 | 59 |  |  | 251 |  |  | 61 |  |  | 90 |  |  | 461 |
Currency translation adjustments | 9 |  |  | 38 |  |  | 7 |  |  | 18 |  |  | 72 |
Write-offs (*) | (58) |  |  | (278) |  |  | (75) |  |  | (103) |  |  | (514) |
Balance at end of period | $ | 130 |  |  | $ | 625 |  |  | $ | 138 |  |  | $ | 230 |  |  | $ | 1,123 |
| 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 |
Net charged to Net Income | 58 |  |  | 299 |  |  | 76 |  |  | 124 |  |  | 557 |
Currency translation adjustments | 2 |  |  | (2) |  |  | 2 |  |  | (1) |  |  | 1 |
Write-offs (*) | (34) |  |  | (86) |  |  | (31) |  |  | — |  |  | (151) |
Balance at end of period | $ | 105 |  |  | $ | 443 |  |  | $ | 123 |  |  | $ | 171 |  |  | $ | 842 |
(*) The Company writes off loans when customer balance becomes 360 days past due.

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration