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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (Note 4) $ 1,045 $ 723
Accounts receivable and contract assets, net of allowance for credit losses of $29 and $28, respectively (Note 3) 246 142
Income taxes receivable (Note 8) 12 49
Prepaid expenses and other current assets 34 26
Total current assets 1,337 940
Property and equipment, net of accumulated depreciation of $481 and $460, respectively 201 215
Operating lease right-of-use assets 33 42
Intangible assets, net of accumulated amortization of $204 and $202, respectively 58 65
Goodwill 820 843
Non-marketable investments (Note 4) 35 36
Deferred income taxes, net 40 54
Other long-term assets, net of allowance for credit losses of $10 and $10, respectively 88 94
TOTAL ASSETS 2,612 2,289
Current liabilities:    
Accounts payable 50 27
Deferred merchant payables 323 113
Deferred revenue (Note 3) 70 36
Accrued expenses and other current liabilities (Note 6) 213 181
Total current liabilities 656 357
Long-term debt (Note 7) 835 833
Finance lease obligation, net of current portion 61 65
Operating lease liabilities, net of current portion 20 29
Deferred income taxes, net 1 1
Other long-term liabilities 243 215
Total Liabilities 1,816 1,500
Commitments and contingencies (Note 9)
Stockholders' equity: (Note 11)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0 0 0
Common stock 0 0
Additional paid-in capital 1,364 1,326
Retained earnings 238 241
Accumulated other comprehensive income (loss) (84) (56)
Treasury stock-common stock, at cost, 18,844,614 and 18,844,614 shares, respectively (722) (722)
Total Stockholders’ Equity 796 789
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,612 2,289
Class B Common Stock    
Stockholders' equity: (Note 11)    
Common stock $ 0 $ 0