LOANS RECEIVABLE, NET (Tables)

3 Months Ended

Mar. 31, 2025

The Company classifies loans receivable as “Merchant,” “Consumer,” “Credit cards” and “Asset-backed.” As of March 31, 2025 and December 31, 2024, the components of current and non-current Loans receivable, net were as follows:


	March 31, 2025
	Loans receivable		Allowance for doubtful accounts		Loans receivable, net
	(In millions)
Merchant	$	1,393	$	(509)	$	884
Consumer	2,967		(802)		2,165
Credit cards	3,242		(732)		2,510
Asset-backed	178		(11)		167
Total	$	7,780	$	(2,054)	$	5,726


	December 31, 2024
	Loans receivable		Allowance for doubtful accounts		Loans receivable, net
	(In millions)
Merchant	$	1,205	$	(417)	$	788
Consumer	2,591		(696)		1,895
Credit cards	2,639		(557)		2,082
Asset-backed	138		(8)		130
Total	$	6,573	$	(1,678)	$	4,895

Schedule of Accounts Receivable, Net

The following tables summarize the allowance for doubtful accounts activity during the three-month periods ended March 31, 2025 and 2024:


	March 31, 2025
	Merchant		Consumer		Credit cards		Asset-backed		Total
	(In millions)
Balance at beginning of year	$	417	$	696	$	557	$	8	$	1,678
Net charged to Net Income	151		223		234		3		611
Currency translation adjustments	28		31		35		1		95
Write-offs (1)	(87)		(148)		(94)		(1)		(330)
Balance at end of period	$	509	$	802	$	732	$	11	$	2,054


	March 31, 2024
	Merchant		Consumer		Credit cards		Asset-backed		Total
	(In millions)
Balance at beginning of year	$	256	$	591	$	236	$	1	$	1,084
Net charged to Net Income	91		177		102		1		371
Currency translation adjustments	(6)		(2)		(6)		—		(14)
Write-offs (1)	(52)		(108)		(38)		—		(198)
Balance at end of period	$	289	$	658	$	294	$	2	$	1,243

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

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, 2025		December 31, 2024
	(In millions)
1-14 days past due	$	154	$	125
15-30 days past due	193		146
31-60 days past due	227		175
61-90 days past due	216		167
91-120 days past due	195		178
121-150 days past due	200		155
151-180 days past due	170		138
181-210 days past due	176		129
211-240 days past due	155		118
241-270 days past due	137		121
271-300 days past due	128		109
301-330 days past due	117		112
331-360 days past due	122		90
Total past due	2,190		1,763
To become due	5,590		4,810
Total	$	7,780	$	6,573