v3.22.2.2
LOANS AND INTEREST RECEIVABLE (Tables)
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Delinquency status of the principal amount of loans and interest receivable
The following tables present the delinquency status of consumer loans and interest receivable by year of origination. The amounts are based on the number of days past the billing date for revolving loans or contractual repayment date for installment loans. The “current” category represents balances that are within 29 days of the billing date or contractual repayment date, as applicable.
September 30, 2022
(In millions, except percentages)
Installment Loans Amortized Cost Basis
Revolving Loans
Amortized Cost Basis 		20222021202020192018TotalPercent
Current$1,567 $2,543 $169 $— $— $— $4,279 96.3%
30 - 59 Days24 23 2 — — — 49 1.1%
60 - 89 Days 17 19 2 — — — 38 0.8%
90 - 179 Days 33 40 5 — — — 78 1.8%
Total(1)
$1,641 $2,625 $178 $— $— $— $4,444 100%
(1) Excludes receivables from other consumer credit products of $30 million at September 30, 2022.


December 31, 2021
(In millions, except percentages)
Installment Loans Amortized Cost Basis
Revolving Loans
Amortized Cost Basis 		20212020201920182017TotalPercent
Current$1,790 $1,939 $3 $— $— $— $3,732 97.0%
30 - 59 Days18 16 — — — — 34 0.9%
60 - 89 Days 12 13 — — — — 25 0.6%
90 - 179 Days 27 28 1 — — — 56 1.5%
Total(1)
$1,847 $1,996 $4 $— $— $— $3,847 100%
(1) Excludes receivables from other consumer credit products of $44 million at December 31, 2021.
The following tables present the delinquency status of merchant loans, advances, and interest and fees receivable by year of origination. The amounts are based on the number of days past the expected or contractual repayment date for amounts outstanding. The “current” category represents balances that are within 29 days of the expected repayment date or contractual repayment date, as applicable.
September 30, 2022
(In millions, except percentages)
2022
2021202020192018TotalPercent
Current$1,691 $57 $70 $52 $3 $1,873 93.4%
30 - 59 Days35 10 5 4 — 54 2.7%
60 - 89 Days 16 7 3 3 — 29 1.4%
90 - 179 Days 21 13 4 4 — 42 2.1%
180+ Days— 2 2 4 — 8 0.4%
Total$1,763 $89 $84 $67 $3 $2,006 100%

December 31, 2021
(In millions, except percentages)
2021
2020201920182017TotalPercent
Current$1,100 $129 $95 $3 $— $1,327 91.8%
30 - 59 Days24 12 12 1 — 49 3.4%
60 - 89 Days 10 8 7 — — 25 1.7%
90 - 179 Days 10 11 11 1 — 33 2.3%
180+ Days— 4 7 1 — 12 0.8%
Total(1)
$1,144 $164 $132 $6 $— $1,446 100%
(1) Balances include the impact of modification programs offered by the Company as a part of our novel coronavirus (“COVID-19”) pandemic payment relief initiatives (as discussed further below).
Allowance for loans and interest receivable
The following table summarizes the activity in the allowance for consumer loans and interest receivable for the nine months ended September 30, 2022 and 2021:
September 30, 2022September 30, 2021
Consumer Loans ReceivableInterest Receivable
Total Allowance(1)
Consumer Loans ReceivableInterest Receivable
Total Allowance(1)
(In millions)
Beginning balance$243 $43 $286 $299 $53 $352 
Provisions198 9 207 (52)— (52)
Charge-offs(149)(22)(171)(78)(13)(91)
Recoveries14 — 14 25 — 25 
Other(2)
(41)(6)(47)— — — 
Ending balance$265 $24 $289 $194 $40 $234 
(1) Excludes allowances from other consumer credit products of $2 million and $3 million at September 30, 2022 and 2021, respectively.
(2) Includes amounts related to foreign currency remeasurement.
The following table summarizes the activity in the allowance for merchant loans, advances, and interest and fees receivable for the nine months ended September 30, 2022 and 2021:
September 30, 2022September 30, 2021
Merchant Loans and AdvancesInterest and Fees ReceivableTotal AllowanceMerchant Loans and AdvancesInterest and Fees ReceivableTotal Allowance
(In millions)
Beginning balance$192 $9 $201 $440 $43 $483 
Provisions31 9 40 (87)(19)(106)
Charge-offs(75)(6)(81)(145)(11)(156)
Recoveries27 — 27 31 — 31 
Ending balance$175 $12 $187 $239 $13 $252 
Loans modified as TDRs The following table shows merchant loans, advances and interest and fees receivables which were modified as TDRs in the three and nine months ended September 30, 2021:
Three Months Ended September 30, 2021
Number of Accounts
(in thousands)(1)
Outstanding Balances(2)
(in millions)
Weighted Average Payment Term Extensions
(in months)
Loans and interest receivable— $4 34
(1) “—” Denotes less than five hundred accounts.
(2) Balances are as of modification date.
Nine Months Ended September 30, 2021
Number of Accounts
(in thousands)
Outstanding Balances(1)
(in millions)
Weighted Average Payment Term Extensions
(in months)
Loans and interest receivable3 $43 36
(1) Balances are as of modification date.