XML 57 R33.htm IDEA: XBRL DOCUMENT
v3.21.1

Funds Receivable and Customer Accounts and Investments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract] |
Schedule of assets underlying funds receivable and customer accounts, short-term and long-term investments | The following table summarizes the assets underlying our funds receivable and customer accounts, short-term investments, and long-term investments as of March 31, 2021 and December 31, 2020:
| March 31, 2021 |  | December 31, 2020
| (In millions)
Funds receivable and customer accounts: |  |  |
Cash and cash equivalents | $ | 13,257 |  |  | $ | 13,222 |
Time deposits | 248 |  |  | 233 |
Available-for-sale debt securities | 16,997 |  |  | 15,001 |
Funds receivable | 5,121 |  |  | 4,962 |
Total funds receivable and customer accounts | $ | 35,623 |  |  | $ | 33,418 |
Short-term investments: |  |  |
Time deposits | $ | 1,482 |  |  | $ | 1,519 |
Available-for-sale debt securities | 5,861 |  |  | 6,689 |
Restricted cash | 26 |  |  | 81 |
Total short-term investments | $ | 7,369 |  |  | $ | 8,289 |
Long-term investments: |  |  |
Time deposits | $ | 41 |  |  | $ | 31 |
Available-for-sale debt securities | 3,074 |  |  | 2,819 |
Restricted cash | — |  |  | 7 |
Strategic investments | 2,879 |  |  | 3,232 |
Total long-term investments | $ | 5,994 |  |  | $ | 6,089 |
Schedule of estimated fair value of available-for-sale debt securities | As of March 31, 2021 and December 31, 2020, the estimated fair value of our available-for-sale debt securities included within funds receivable and customer accounts, short-term investments, and long-term investments was as follows:
| March 31, 2021(1)
| Gross Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
| (In millions)
Funds receivable and customer accounts: |  |  |  |  |  |  |
U.S. government and agency securities | $ | 8,013 |  |  | $ | 4 |  |  | $ | (2) |  |  | $ | 8,015 |
Foreign government and agency securities | 1,877 |  |  | — |  |  | (2) |  |  | 1,875 |
Corporate debt securities | 3,558 |  |  | — |  |  | (2) |  |  | 3,556 |
Asset-backed securities | 443 |  |  | — |  |  | — |  |  | 443 |
Municipal securities | 633 |  |  | — |  |  | — |  |  | 633 |
Short-term investments: |  |  |  |  |  |  |
U.S. government and agency securities | 1,340 |  |  | — |  |  | — |  |  | 1,340 |
Foreign government and agency securities | 444 |  |  | — |  |  | — |  |  | 444 |
Corporate debt securities | 3,421 |  |  | 1 |  |  | — |  |  | 3,422 |
Asset-backed securities | 147 |  |  | — |  |  | — |  |  | 147 |
Long-term investments: |  |  |  |  |  |  |
Foreign government and agency securities | 1,506 |  |  | — |  |  | (2) |  |  | 1,504 |
Corporate debt securities | 1,406 |  |  | 2 |  |  | (3) |  |  | 1,405 |
Asset-backed securities | 165 |  |  | — |  |  | — |  |  | 165 |
Total available-for-sale debt securities(2) | $ | 22,953 |  |  | $ | 7 |  |  | $ | (11) |  |  | $ | 22,949 |
(1) “—” Denotes gross unrealized gain or unrealized loss of less than $1 million in a given position. (2) Excludes foreign currency denominated available-for-sale debt securities accounted for under the fair value option. Refer to “Note 9—Fair Value Measurement of Assets and Liabilities.”
| December 31, 2020(1)
| Gross Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
| (In millions)
Funds receivable and customer accounts: |  |  |  |  |  |  |
U.S. government and agency securities | $ | 7,929 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 7,933 |
Foreign government and agency securities | 1,504 |  |  | 2 |  |  | — |  |  | 1,506 |
Corporate debt securities | 2,011 |  |  | — |  |  | — |  |  | 2,011 |
Municipal securities | 637 |  |  | — |  |  | — |  |  | 637 |
Short-term investments: |  |  |  |  |  |  |
U.S. government and agency securities | 1,510 |  |  | — |  |  | — |  |  | 1,510 |
Foreign government and agency securities | 277 |  |  | — |  |  | — |  |  | 277 |
Corporate debt securities | 4,900 |  |  | 2 |  |  | — |  |  | 4,902 |
Long-term investments: |  |  |  |  |  |  |
U.S. government and agency securities | 28 |  |  | — |  |  | — |  |  | 28 |
Foreign government and agency securities | 1,305 |  |  | — |  |  | (1) |  |  | 1,304 |
Corporate debt securities | 1,255 |  |  | 4 |  |  | — |  |  | 1,259 |
Asset-backed securities | 228 |  |  | — |  |  | — |  |  | 228 |
Total available-for-sale debt securities(2) | $ | 21,584 |  |  | $ | 12 |  |  | $ | (1) |  |  | $ | 21,595 |
(1) “—” Denotes gross unrealized gain or unrealized loss of less than $1 million in a given position. (2) Excludes foreign currency denominated available-for-sale debt securities accounted for under the fair value option. Refer to “Note 9—Fair Value Measurement of Assets and Liabilities.”
Schedule of gross unrealized losses and estimated fair value of available-for-sale debt securities in a continuous loss position | As of March 31, 2021 and December 31, 2020, the gross unrealized losses and estimated fair value of our available-for-sale debt securities included within funds receivable and customer accounts, short-term investments, and long-term investments for which an allowance for credit losses was not deemed necessary, aggregated by length of time those individual securities have been in a continuous loss position, was as follows:
| March 31, 2021(1)
| Less than 12 months |  | 12 months or longer |  | Total
| Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
| (In millions)
Funds receivable and customer accounts: |  |  |  |  |  |  |  |  |  |  |
U.S. government and agency securities | $ | 1,567 |  |  | $ | (2) |  |  | $ | — |  |  | $ | — |  |  | $ | 1,567 |  |  | $ | (2) |
Foreign government and agency securities | 1,158 |  |  | (2) |  |  | — |  |  | — |  |  | 1,158 |  |  | (2) |
Corporate debt securities | 1,128 |  |  | (2) |  |  | — |  |  | — |  |  | 1,128 |  |  | (2) |
Asset-backed securities | 181 |  |  | — |  |  | — |  |  | — |  |  | 181 |  |  | — |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |
U.S. government and agency securities | 520 |  |  | — |  |  | — |  |  | — |  |  | 520 |  |  | — |
Foreign government and agency securities | 132 |  |  | — |  |  | — |  |  | — |  |  | 132 |  |  | — |
Corporate debt securities | 360 |  |  | — |  |  | — |  |  | — |  |  | 360 |  |  | — |
Asset-backed securities | 58 |  |  | — |  |  | — |  |  | — |  |  | 58 |  |  | — |
Long-term investments: |  |  |  |  |  |  |  |  |  |  |
Foreign government and agency securities | 1,056 |  |  | (2) |  |  | — |  |  | — |  |  | 1,056 |  |  | (2) |
Corporate debt securities | 762 |  |  | (3) |  |  | — |  |  | — |  |  | 762 |  |  | (3) |
Asset-backed securities | 129 |  |  | — |  |  | — |  |  | — |  |  | 129 |  |  | — |
Total available-for-sale debt securities | $ | 7,051 |  |  | $ | (11) |  |  | $ | — |  |  | $ | — |  |  | $ | 7,051 |  |  | $ | (11) |
(1) “—” Denotes gross unrealized loss or fair value of less than $1 million in a given position.
| December 31, 2020(1)
| Less than 12 months |  | 12 months or longer |  | Total
| Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
| (In millions)
Funds receivable and customer accounts: |  |  |  |  |  |  |  |  |  |  |
U.S. government and agency securities | $ | 262 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 262 |  |  | $ | — |
Foreign government and agency securities | 353 |  |  | — |  |  | — |  |  | — |  |  | 353 |  |  | — |
Corporate debt securities | 641 |  |  | — |  |  | — |  |  | — |  |  | 641 |  |  | — |
Municipal securities | 50 |  |  | — |  |  | — |  |  | — |  |  | 50 |  |  | — |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |
U.S. government and agency securities | 270 |  |  | — |  |  | — |  |  | — |  |  | 270 |  |  | — |
Foreign government and agency securities | 72 |  |  | — |  |  | — |  |  | — |  |  | 72 |  |  | — |
Corporate debt securities | 392 |  |  | — |  |  | — |  |  | — |  |  | 392 |  |  | — |
Long-term investments: |  |  |  |  |  |  |  |  |  |  |
U.S. government and agency securities | 28 |  |  | — |  |  | — |  |  | — |  |  | 28 |  |  | — |
Foreign government and agency securities | 405 |  |  | (1) |  |  | — |  |  | — |  |  | 405 |  |  | (1) |
Corporate debt securities | 97 |  |  | — |  |  | — |  |  | — |  |  | 97 |  |  | — |
Asset-backed securities | 15 |  |  | — |  |  | — |  |  | — |  |  | 15 |  |  | — |
Total available-for-sale debt securities | $ | 2,585 |  |  | $ | (1) |  |  | $ | — |  |  | $ | — |  |  | $ | 2,585 |  |  | $ | (1) |
(1) “—” Denotes gross unrealized loss or fair value of less than $1 million in a given position.
The estimated fair values of investments classified as available for sale included within funds receivable and customer accounts by date of contractual maturity | Our available-for-sale debt securities included within funds receivable and customer accounts, short-term investments, and long-term investments classified by date of contractual maturity were as follows:
| March 31, 2021
| Amortized Cost |  | Fair Value
| (In millions)
One year or less | $ | 15,557 |  |  | $ | 15,561 |
After one year through five years | 7,135 |  |  | 7,127 |
After five years through ten years | 243 |  |  | 243 |
After ten years | 18 |  |  | 18 |
Total | $ | 22,953 |  |  | $ | 22,949 |
Schedule of adjustments to the carrying value of equity investments and summary of cumulative gross unrealized gains and cumulative gross unrealized losses and impairment related to non-marketable equity securities accounted for under the Measurement Alternative | The adjustments to the carrying value of our non-marketable equity securities accounted for under the Measurement Alternative in the three months ended March 31, 2021 and 2020 were as follows:
| Three Months Ended March 31,
| 2021 |  | 2020
| (In millions)
Carrying amount, beginning of period | $ | 779 |  |  | $ | 497 |
Adjustments related to non-marketable equity securities: |  |  |
Net additions (sales)(1) | 10 |  |  | (9) |
Gross unrealized gains | 12 |  |  | 45 |
Gross unrealized losses and impairments | — |  |  | (13) |
Carrying amount, end of period | $ | 801 |  |  | $ | 520 |
(1) Net additions (sales) include additions from purchases, reductions due to sales of securities, and reclassifications when Measurement Alternative is subsequently elected or no longer applies. The following table summarizes the cumulative gross unrealized gains and cumulative gross unrealized losses and impairment related to non-marketable equity securities accounted for under the Measurement Alternative for investments held at March 31, 2021 and December 31, 2020, respectively:
| March 31, 2021 |  | December 31, 2020
| (In millions)
Cumulative gross unrealized gains | $ | 389 |  |  | $ | 378 |
Cumulative gross unrealized losses and impairment | $ | (27) |  |  | $ | (27) |
Schedule of unrealized gains (losses) on strategic investments, excluding those accounted for using the equity method | The following table summarizes the net unrealized gains (losses) on marketable and non-marketable equity securities, excluding those accounted for using the equity method, held at March 31, 2021 and 2020, respectively:
| Three Months Ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
| (In millions)
Net unrealized losses | $ | (149) |  |  | $ | (132) |  |  |  |  |

X
- Definition Schedule Of Assets Underlying Funds Receivable And Customer Accounts, Short-Term And Long-Term Investments [Table Text Block] + References No definition available. + Details
Name: | pypl_ScheduleOfAssetsUnderlyingFundsReceivableAndCustomerAccountsShortTermAndLongTermInvestmentsTableTextBlock
Namespace Prefix: | pypl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in equity security without readily determinable fair value. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=120269885&loc=SL75117539-209714 + Details
Name: | us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration