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Guarantees (Tables)
6 Months Ended
Jun. 30, 2016
Guarantees (Tables) [Abstract]  
Information related to guarantees

The following table provides information related to such guarantees and indemnifications as of June 30, 2016 and December 31, 2015:

Maximum potential
undiscounted future
payments(a)Related liability(b)
(Billions)(Millions)
Type of Guarantee2016  2015  2016  2015
Return and Merchant Protection$44  $42  $41  $49
Other(c)6  6  44  37
Total$50  $48  $85  $86

  • Represents the notional amounts that could be lost under the guarantees and indemnifications if there were a total default by the guaranteed or indemnified parties. The maximum potential undiscounted future payments for Merchant Protection are measured using management’s best estimate of maximum exposure, which is based on all eligible claims in relation to annual billed business volumes.
  • Included in Other liabilities on the Consolidated Balance Sheets.
  • Primarily includes guarantees related to the Company’s purchase protection, real estate and business dispositions.