Settlement Assets and Obligations (Tables)

12 Months Ended

Dec. 31, 2015

Settlement Assets and Obligations

Schedule of principal components of settlement assets and obligations

The principal components of the Company’s settlement assets and obligations are as follows:

	As of December 31,
(in millions)	2015		2014
Settlement assets:
Cash and cash equivalents	$	1,426	$	1,419
Investment securities	1		17
Due from card associations and bank partners	5,816		5,220
Due from merchants	907		899
	8,150		7,555
Long-term settlement assets: (a)
Investment securities	1		3
	$	8,151	$	7,558
Settlement obligations:
Payment instruments outstanding	$	34	$	82
Card settlements due to merchants	8,116		7,475
	$	8,150	$	7,557

(a) Long-term settlement assets are included within "Other long-term assets" on the Company's consolidated balance sheets.