Settlement Assets and Obligations (Tables)

12 Months Ended

Dec. 31, 2016

Settlement Assets and Obligations

Schedule of principal components of settlement assets and obligations

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

	As of December 31,
(in millions)	2016		2015
Settlement assets:
Cash and cash equivalents	$	1,620	$	1,426
Investment securities	—		1
Due from card associations, bank partners, and merchants	13,175		6,723
Total settlement assets	$	14,795	$	8,150
Settlement obligations:
Payment instruments outstanding	$	12	$	34
Card settlements due to merchants	14,783		8,116
Total settlement obligations	$	14,795	$	8,150