v3.23.2
LOANS AND INTEREST RECEIVABLE (Tables)
 6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Delinquency status of the principal amount of loans and interest receivable
The following tables present the delinquency status and gross charge-offs 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.

June 30, 2023
(In millions, except percentages)
Revolving Loans
Amortized Cost Basis 		Installment Loans Amortized Cost Basis
20232022202120202019TotalPercent
Consumer loans and interest receivable:
Current$2,009 $1,631 $613 $42 $— $— $4,295 95.5%
30 - 59 Days28 26 9 1 — — 64 1.5%
60 - 89 Days 15 20 9 1 — — 45 1.0%
90 - 179 Days 37 22 31 2 — — 92 2.0%
Total(1)
$2,089 $1,699 $662 $46 $— $— $4,496 100%
Gross charge-offs for the six months ended June 30, 2023
$61 $4 $101 $3 $— $— $169 
(1) Excludes receivables from other consumer credit products of $4 million at June 30, 2023.
December 31, 2022
(In millions, except percentages)
Revolving Loans
Amortized Cost Basis 		Installment Loans Amortized Cost Basis
20222021202020192018TotalPercent
Consumer loans and interest receivable:
Current$1,850 $3,726 $123 $— $— $— $5,699 97.1%
30 - 59 Days23 26 2 — — — 51 0.9%
60 - 89 Days 15 20 2 — — — 37 0.6%
90 - 179 Days 34 47 4 — — — 85 1.4%
Total(1)
$1,922 $3,819 $131 $— $— $— $5,872 100%
(1) Excludes receivables from other consumer credit products of $11 million at December 31, 2022.
The following tables present the delinquency status and gross charge-offs 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.

June 30, 2023
(In millions, except percentages)
2023
2022202120202019TotalPercent
Merchant loans, advances, and interest and fees receivable:
Current$918 $451 $7 $38 $26 $1,440 86.5%
30 - 59 Days23 37 3 2 2 67 4.0%
60 - 89 Days 9 26 2 1 2 40 2.4%
90 - 179 Days 11 92 3 2 2 110 6.6%
180+ Days— 2 2 1 2 7 0.5%
Total$961 $608 $17 $44 $34 $1,664 100%
Gross charge-offs for the six months ended June 30, 2023
$— $109 $10 $10 $3 $132 


December 31, 2022
(In millions, except percentages)
2022
2021202020192018TotalPercent
Merchant loans, advances, and interest and fees receivable:
Current$1,826 $20 $57 $42 $2 $1,947 90.7%
30 - 59 Days63 7 3 4 — 77 3.6%
60 - 89 Days 34 4 4 2 — 44 2.0%
90 - 179 Days 55 9 3 3 — 70 3.3%
180+ Days1 2 2 3 — 8 0.4%
Total$1,979 $42 $69 $54 $2 $2,146 100%
Allowance for loans and interest receivable
The following table summarizes the activity in the allowance for consumer loans and interest receivable for the six months ended June 30, 2023 and 2022:
June 30, 2023June 30, 2022
Consumer Loans ReceivableInterest Receivable
Total Allowance(1), (2)
Consumer Loans ReceivableInterest Receivable
Total Allowance(1)
(In millions)
Beginning balance$322 $25 $347 $243 $43 $286 
Reversal of allowance due to reclassification of loans and interest receivable to held for sale(33)— (33)— — — 
Provisions182 13 195 118 4 122 
Charge-offs(154)(15)(169)(92)(15)(107)
Recoveries18 — 18 9 — 9 
Other(3)
2 1 3 (24)(4)(28)
Ending balance$337 $24 $361 $254 $28 $282 
(1) Excludes allowances from other consumer credit products of nil and $3 million at June 30, 2023 and 2022, respectively.
(2) Beginning balances, provisions and charge-offs include amounts related to loans and interest receivable prior to their reclassification to loan and interest receivable, held for sale.
(3) 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 six months ended June 30, 2023 and 2022:
June 30, 2023June 30, 2022
Merchant Loans and AdvancesInterest and Fees ReceivableTotal AllowanceMerchant Loans and AdvancesInterest and Fees ReceivableTotal Allowance
(In millions)
Beginning balance$230 $18 $248 $192 $9 $201 
Provisions107 21 128 (3)5 2 
Charge-offs(117)(15)(132)(47)(5)(52)
Recoveries12 — 12 19 — 19 
Ending balance$232 $24 $256 $161 $9 $170