American Express 2013 Annual Report Download - page 75

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AMERICAN EXPRESS COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CARD MEMBER LOANS AND CARD MEMBER RECEIVABLES AGING
Generally, a Card Member account is considered past due if payment
is not received within 30 days after the billing statement date. The
following table represents the aging of Card Member loans and
receivables as of December 31, 2013 and 2012:
2013 (Millions) Current
30-59
Days
Past
Due
60-89
Days
Past
Due
90+
Days
Past
Due Total
Card Member Loans:
U.S. Card Services $ 57,772 $ 183 $ 134 $ 306 $ 58,395
International Card
Services 8,664 43 28 55 8,790
Card Member
Receivables:
U.S. Card Services $ 21,488 $ 125 $ 69 $ 160 $ 21,842
International Card
Services(a) (b) (b) (b) 83 7,771
Global Commercial
Services(a) (b) (b) (b) 132 14,391
2012 (Millions) Current
30-59
Days
Past
Due
60-89
Days
Past
Due
90+
Days
Past
Due Total
Card Member Loans:
U.S. Card Services $ 55,281 $ 200 $ 147 $ 325 $ 55,953
International Card
Services 9,099 47 30 60 9,236
Card Member
Receivables:
U.S. Card Services $ 20,748 $ 116 $ 76 $ 184 $ 21,124
International Card
Services(a) (b) (b) (b) 74 7,778
Global Commercial
Services(a) (b) (b) (b) 112 13,671
(a) For Card Member receivables in ICS and GCS, delinquency data is tracked
based on days past billing status rather than days past due. A Card Member
account is considered 90 days past billing if payment has not been received
within 90 days of the Card Member’s billing statement date. In addition, if the
Company initiates collection procedures on an account prior to the account
becoming 90 days past billing, the associated Card Member receivable
balance is considered as 90 days past billing. These amounts are shown
above as 90+ Days Past Due for presentation purposes.
(b) Data for periods prior to 90 days past billing are not available due to financial
reporting system constraints. Therefore, it has not been relied upon for risk
management purposes. The balances that are current to 89 days past due
can be derived as the difference between the Total and the 90+ Days Past
Due balances.
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