American Express 2015 Annual Report Download - page 124
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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 presents the aging of Card Member loans and receivables as of
December 31, 2015 and 2014:
2015 (Millions) Current 30-59 Days
Past Due 60-89 Days
Past Due 90+ Days
Past Due Total
Card Member Loans:
U.S. Card Services ..................................... $50,929 $154 $112 $ 251 $51,446
International Card Services ............................. 6,961 34 25 52 7,072
Card Member Receivables:
U.S. Card Services ..................................... $22,896 $ 118 $ 73 $168 $23,255
International Card Services ............................. 6,875 28 21 51 6,975
Global Commercial Services (a) .......................... (b) (b) (b) 124 13,777
2014 (Millions) Current 30-59 Days
Past Due 60-89 Days
Past Due 90+ Days
Past Due Total
Card Member Loans:
U.S. Card Services ..................................... $ 61,995 $ 179 $128 $290 $ 62,592
International Card Services ............................. 7,621 39 27 57 7,744
Card Member Receivables:
U.S. Card Services ..................................... $22,096 $ 129 $ 72 $ 171 $ 22,468
International Card Services ............................. 7,557 29 20 47 7,653
Global Commercial Services (a) .......................... (b) (b) (b) 120 14,583
(a) For Card Member receivables in 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 classified as 90 days past billing. These amounts are shown above as 90+ Days Past Due for presentation
purposes.
(b) Delinquency data for periods other than 90 days past billing is not available due to system constraints. Therefore, such data has not been
utilized 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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