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LOANS AND INTEREST RECEIVABLE (Tables)
 9 Months Ended
Sep. 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.

September 30, 2023
(In millions, except percentages)
Revolving Loans
Amortized Cost Basis 		Installment Loans Amortized Cost Basis
20232022202120202019TotalPercent
Consumer loans and interest receivable:
Current$1,993 $1,609 $412 $11 $— $— $4,025 95.4%
30 - 59 Days26 30 6 1 — — 63 1.5%
60 - 89 Days 18 22 6 — — — 46 1.1%
90 - 179 Days 35 37 11 1 — — 84 2.0%
Total
$2,072 $1,698 $435 $13 $— $— $4,218 100%
Gross charge-offs for the nine months ended September 30, 2023
$95 $43 $129 $5 $— $— $272 
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.

September 30, 2023
(In millions, except percentages)
2023
2022202120202019TotalPercent
Merchant loans, advances, and interest and fees receivable:
Current$988 $173 $5 $30 $20 $1,216 86.7%
30 - 59 Days30 24 2 1 3 60 4.3%
60 - 89 Days 15 17 — 1 1 34 2.4%
90 - 179 Days 27 53 2 2 1 85 6.1%
180+ Days— 4 2 1 1 8 0.5%
Total$1,060 $271 $11 $35 $26 $1,403 100%
Gross charge-offs for the nine months ended September 30, 2023
$12 $185 $13 $14 $4 $228 


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 nine months ended September 30, 2023 and 2022:
September 30, 2023September 30, 2022
Consumer Loans ReceivableInterest Receivable
Total Allowance(1)
Consumer Loans ReceivableInterest Receivable
Total Allowance(2)
(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)— — — 
Provisions271 20 291 198 9 207 
Charge-offs(250)(22)(272)(149)(22)(171)
Recoveries29 — 29 14 — 14 
Other(3)
(5)— (5)(41)(6)(47)
Ending balance$334 $23 $357 $265 $24 $289 
(1) 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.
(2) Excludes allowances from other consumer credit products of $2 million at September 30, 2022.
(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 nine months ended September 30, 2023 and 2022:
September 30, 2023September 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 
Provisions135 24 159 31 9 40 
Charge-offs(204)(24)(228)(75)(6)(81)
Recoveries19 — 19 27 — 27 
Ending balance$180 $18 $198 $175 $12 $187 
Loan modifications for merchants experiencing financial difficulty The following table details merchant loans, advances, and interest and fees receivable as of September 30, 2023 that were modified through a term extension to a merchant experiencing financial difficulty during the three and nine months ended September 30, 2023, and the financial effect of these modifications:
Three Months Ended September 30, 2023Nine Months Ended September 30, 2023
Merchant loans, advances, and interest and fees receivables:
Amortized cost basis (in millions)$37 $107 
Modifications as % of merchant loans, advances, and interest and fees receivables 3 %8 %
Weighted average term extension (months)2524
The following table depicts the performance of merchant loans, advances, and interest and fees receivable as of September 30, 2023 that have been modified during the nine months ended September 30, 2023:
September 30, 2023
(In millions)
Merchant loans, advances, and interest and fees receivables:
Current$86 
30 - 59 days past due7 
60 - 89 days past due4 
90 - 179 days past due10 
Total$107