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LOANS RECEIVABLE, NET (Tables)

6 Months Ended

Jun. 30, 2024

The Company classifies loans receivable as “On-line merchant”, “Consumer”, “In-store merchant” and “Credit cards”. As of June 30, 2024 and December 31, 2023, the components of current and non-current Loans receivable, net were as follows:


	June 30, 2024
	Loans receivable		Allowance for doubtful accounts		Loans receivable, net
	(In millions)
On-line merchant	$	428	$	(117)	$	311
Consumer	2,127		(682)		1,445
In-store merchant	511		(195)		316
Credit cards	1,838		(359)		1,479
Total	$	4,904	$	(1,353)	$	3,551


	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

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, 2024		December 31, 2023
	(In millions)
1-14 days past due	$	146	$	99
15-30 days past due	107		92
31-60 days past due	146		114
61-90 days past due	150		103
91-120 days past due	133		111
121-150 days past due	145		97
151-180 days past due	112		82
181-210 days past due	97		76
211-240 days past due	99		74
241-270 days past due	91		69
271-300 days past due	90		59
301-330 days past due	78		74
331-360 days past due	62		66
Total past due	1,456		1,116
To become due	3,448		2,662
Total	$	4,904	$	3,778

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, 2024 and 2023:


	June 30, 2024
	On-line merchant		Consumer		In-store merchant		Credit cards		Total
	(In millions)
Balance at beginning of year	$	119	$	592	$	137	$	236	$	1,084
Net charged to Net Income	63		373		135		238		809
Currency translation adjustments	(8)		(33)		(11)		(40)		(92)
Write-offs (1)	(57)		(250)		(66)		(75)		(448)
Balance at end of period	$	117	$	682	$	195	$	359	$	1,353


	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 (1)	(58)		(278)		(75)		(103)		(514)
Balance at end of period	$	130	$	625	$	138	$	230	$	1,123

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