XML 32 R19.htm IDEA: XBRL DOCUMENT v3.21.2
Measurement of Credit Losses on Financial Instruments
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Measurement of Credit Losses on Financial Instruments Measurement of Credit Losses on Financial Instruments. The financial assets we hold that are subject to the new credit losses standard are predominately accounts receivable and certain cash equivalents classified as held-to-maturity debt (e.g. commercial paper). Our receivables are generally due within thirty days or less with a significant portion related to billings to our members. See Note F for information regarding our member receivables. Commercial paper issuances we invest in are rated as investment grade and backed by a credit facility. Given our historical experience, the short duration lifetime of these financial assets and the short time horizon over which to consider expectations of future economic conditions, we have assessed that non-collection of the cost basis of these financial assets is remote and we have not recognized an allowance for credit losses.