Fair Values (Tables)

6 Months Ended

Jun. 30, 2013

Fair value assets and liabilities measured on recurring basis

The following table summarizes the Company's financial assets and financial liabilities measured at fair value on a recurring basis, categorized by GAAP's valuation hierarchy (as described in the preceding paragraphs), as of June 30, 2013 and December 31, 2012:

		2013						2012
(Millions)		Total		Level 1		Level 2		Total		Level 1		Level 2
Assets:
Investment securities:^(a)
	Equity securities	$	189	$	189	$	―	$	296	$	296	$	―
	Debt securities and other		5,073		285		4,788		5,318		338		4,980
Derivatives^(a)			1,028		―		1,028		942		―		942
Total assets		$	6,290	$	474	$	5,816	$	6,556	$	634	$	5,922
Liabilities:
Derivatives^(a)		$	150	$	―	$	150	$	329	$	―	$	329
Total liabilities		$	150	$	―	$	150	$	329	$	―	$	329

Refer to Note 5 for the fair values of investment securities and to Note 8 for the fair values of derivative assets and liabilities, on a further disaggregated basis.

Estimated fair value of financial assets and financial liabilities

The following table discloses the estimated fair value for the Company's financial assets and financial liabilities that are not required to be carried at fair value on a recurring basis, as of June 30, 2013 and December 31, 2012

					Carrying		Corresponding Fair Value Amount
2013 (Billions)					Value		Total			Level 1		Level 2			Level 3
Financial Assets:
	Financial assets for which carrying values
		equal or approximate fair value
			Cash and cash equivalents	$	23	$	23		$	22	$	1	^(a)	$	―
			Other financial assets^(b)	$	48	$	48		$	―	$	48		$	―
	Financial assets carried at other than fair value
			Loans, net	$	62	$	63	^(c)	$	―	$	―		$	63

Financial Liabilities:
	Financial liabilities for which carrying values
		equal or approximate fair value		$	61	$	61		$	―	$	61		$	―
	Financial liabilities carried at other than
		fair value
			Certificates of deposit^(d)	$	9	$	9		$	―	$	9		$	―
			Long-term debt	$	53	$	55	^(c)	$	―	$	55		$	―

					Carrying		Corresponding Fair Value Amount
2012 (Billions)					Value		Total			Level 1		Level 2			Level 3
Financial Assets:
	Financial assets for which carrying values
		equal or approximate fair value
			Cash and cash equivalents	$	22	$	22		$	21	$	1	^(a)	$	―
			Other financial assets^(b)	$	47	$	47		$	―	$	47		$	―
	Financial assets carried at other than fair value
			Loans, net	$	64	$	65	^(c)	$	―	$	―		$	65

Financial Liabilities:
	Financial liabilities for which carrying values
		equal or approximate fair value		$	55	$	55		$	―	$	55		$	―
	Financial liabilities carried at other than
		fair value
			Certificates of deposit^(d)	$	10	$	10		$	―	$	10		$	―
			Long-term debt	$	59	$	62	^(c)	$	―	$	62		$	―

Reflects time deposits.
Includes accounts receivables (including fair values of cardmember receivables of $7.1 billion and $8.0 billion held by consolidated variable interest entities (VIEs) as of June 30, 2013 and December 31, 2012, respectively), restricted cash and other miscellaneous assets.
Includes fair values of loans of $29.8 billion and $32.4 billion, and long-term debt of $16.1 billion and $19.5 billion, held by consolidated VIEs as of June 30, 2013 and December 31, 2012, respectively.
Presented as a component of customer deposits on the Consolidated Balance Sheets.

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

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