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LOANS RECEIVABLE, NET (Tables) | 12 Months Ended
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Dec. 31, 2023
Receivables [Abstract] |
Summary of Current Loans Receivable, Net |
| December 31,
| 2023 |  | 2022
| (In millions)
Loans receivable | $ | 3,671 |  |  | $ | 2,778 |
Allowance for doubtful accounts | (1,042) |  |  | (1,074) |
Current loans receivable, net | $ | 2,629 |  |  | $ | 1,704 |
Summary of Non Current Loans Receivable, Net |
| December 31,
| 2023 |  | 2022
| (In millions)
Loans receivable | $ | 107 |  |  | $ | 62 |
Allowance for doubtful accounts | (42) |  |  | (30) |
Non current loans receivable, net | $ | 65 |  |  | $ | 32 |
Schedule of Loans Receivable, Net | The Company classifies loans receivable as “On-line merchant”, “Consumer”, “In-store merchant” and “Credit cards”. As of December 31, 2023 and December 31, 2022, Loans receivable, net were as follows:
| December 31, 2023
| Loans receivable |  | Allowance for doubtful accounts |  | Loans receivable, net
| (In millions)
On-line merchant | $ | 429 |  |  | $ | (119) |  |  | $ | 310 |
Consumer | 1,808 |  |  | (592) |  |  | 1,216 |
In-store merchant | 332 |  |  | (137) |  |  | 195 |
Credit cards | 1,209 |  |  | (236) |  |  | 973 |
Total | $ | 3,778 |  |  | $ | (1,084) |  |  | $ | 2,694 |
| 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 Accounts Receivable, Net |
| December 31,
| 2023 |  | 2022
| (In millions)
Accounts receivable | $ | 177 |  |  | $ | 144 |
Allowance for doubtful accounts | (21) |  |  | (14) |
Accounts receivable, net | $ | 156 |  |  | $ | 130 |
The following tables summarize the allowance for doubtful accounts activity during the years ended December 31, 2023, 2022 and 2021:
| December 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 | 104 |  |  | 572 |  |  | 129 |  |  | 211 |  |  | 1,016 |
Currency translation adjustments | 6 |  |  | 6 |  |  | 3 |  |  | 18 |  |  | 33 |
Write-offs | (111) |  |  | (600) |  |  | (140) |  |  | (218) |  |  | (1,069) |
Balance at end of year | $ | 119 |  |  | $ | 592 |  |  | $ | 137 |  |  | $ | 236 |  |  | $ | 1,084 |
| December 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 | 109 |  |  | 600 |  |  | 139 |  |  | 210 |  |  | 1,058 |
Currency translation adjustments | 1 |  |  | (9) |  |  | (1) |  |  | (1) |  |  | (10) |
Write-offs | (69) |  |  | (209) |  |  | (69) |  |  | (32) |  |  | (379) |
Balance at end of year | $ | 120 |  |  | $ | 614 |  |  | $ | 145 |  |  | $ | 225 |  |  | $ | 1,104 |
The increase in write-offs, for the year ended December 31, 2023 compared to the same period in 2022, is mainly generated by higher originations of loans receivable in 2022, compared to the same period in 2021, generating a higher write-offs effect in the year ended December 31, 2023.
| December 31, 2021
| On-line merchant |  | Consumer |  | In-store merchant |  | Credit cards |  | Total
| (In millions)
Balance at beginning of year | $ | 20 |  |  | $ | 45 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 78 |
Net charged to Net Income | 75 |  |  | 234 |  |  | 74 |  |  | 51 |  |  | 434 |
Currency translation adjustments | (3) |  |  | (7) |  |  | (3) |  |  | — |  |  | (13) |
Write-offs | (13) |  |  | (40) |  |  | (8) |  |  | (3) |  |  | (64) |
Balance at end of year | $ | 79 |  |  | $ | 232 |  |  | $ | 76 |  |  | $ | 48 |  |  | $ | 435 |
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:
| December 31,
| 2023 |  | 2022
| (In millions)
1-14 days past due | $ | 99 |  |  | $ | 54 |
15-30 days past due | 92 |  |  | 64 |
31-60 days past due | 114 |  |  | 88 |
61-90 days past due | 103 |  |  | 86 |
91-120 days past due | 111 |  |  | 103 |
121-150 days past due | 97 |  |  | 110 |
151-180 days past due | 82 |  |  | 112 |
181-210 days past due | 76 |  |  | 100 |
211-240 days past due | 74 |  |  | 93 |
241-270 days past due | 69 |  |  | 89 |
271-300 days past due | 59 |  |  | 73 |
301-330 days past due | 74 |  |  | 85 |
331-360 days past due | 66 |  |  | 75 |
Total past due | 1,116 |  |  | 1,132 |
To become due | 2,662 |  |  | 1,708 |
Total | $ | 3,778 |  |  | $ | 2,840 |

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- 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
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- 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
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