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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Cash flows from operating activities:          
Net income $ 642 $ 29 $ 1,049 $ 1,064  
Income from discontinued operations, net of income taxes (4) 0 (4) 0  
Adjustments:          
Provision for transaction losses 66 63 138 125  
Depreciation and amortization     349 331  
Stock-based compensation     271 238  
(Gain) Loss on investments, net     (260) (28)  
Deferred income taxes     (17) (122)  
Change in fair value of warrant     (106) 0  
Changes in assets and liabilities, and other, net of acquisition effects     (553) (327)  
Net cash provided by operating activities     867 1,281  
Cash flows from investing activities:          
Purchases of property and equipment     (342) (317)  
Purchases of investments     (10,365) (7,603)  
Maturities and sales of investments     12,555 5,815  
Acquisitions, net of cash acquired     (302) (20)  
Other     1 1  
Net cash provided by (used in) investing activities     1,547 (2,124)  
Cash flows from financing activities:          
Proceeds from issuance of common stock     67 62  
Repurchases of common stock     (2,000) (917)  
Tax withholdings related to net share settlements of restricted stock units and awards     (153) (130)  
Proceeds from issuance of long-term debt, net     0 2,484  
Repayment of debt     (750) 0  
Other     (31) 15  
Net cash provided by (used in) financing activities     (2,867) 1,514  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (51) 151  
Net increase (decrease) in cash and cash equivalents     (504) 822  
Cash and cash equivalents at beginning of period     2,140 1,835 $ 1,835
Cash, cash equivalents and restricted cash at end of period $ 1,636 $ 2,657 1,636 2,657 2,140
Supplemental cash flow disclosures:          
Cash paid for interest     162 131  
Cash paid for income taxes     454 $ 163  
Noncash investing activities:          
Relinquishment of equity method investment     $ 266   $ 0