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Loans receivable, net (Tables)

6 Months Ended

Jun. 30, 2023

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.