Related Party Transactions

6 Months Ended

Jun. 30, 2013

Related Party Transactions

Note 10 – Related Party Transactions

TripAdvisor, Inc. In connection with the spin-off, we entered into various agreements with TripAdvisor, a related party due to common ownership, including, among others, a separation agreement, a tax sharing agreement, an employee matters agreement and a transition services agreement. In addition, we have continued to work with TripAdvisor pursuant to various commercial arrangements between subsidiaries of Expedia, on the one hand, and subsidiaries of TripAdvisor, on the other hand. During the three and six months ended June 30, 2013, we recognized $1 million and $3 million of revenue and expensed approximately $54 million and $115 million related to these various arrangements with TripAdvisor. During the three and six months ended June 30, 2012, we recognized approximately $2 million and $3 million of revenue and expensed approximately $56 million and $107 million related to these various arrangements with TripAdvisor. Net amounts payable to TripAdvisor were $35 million and $24 million as of June 30, 2013 and December 31, 2012 and were primarily included in accounts payable, other on the consolidated balance sheet.

Liberty Interactive Corporation. During the six months ended June 30, 2013, we issued 467,672 shares of common stock from treasury stock to Liberty Interactive Corporation (“Liberty”) at a price per share of $54.04 and an aggregate value of approximately $25 million pursuant to and in accordance with the preemptive rights as detailed by the Amended and Restated Governance Agreement with Liberty dated as of December 20, 2011.