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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents (Note 4) $ 1,132 $ 1,021
Accounts receivable and contract assets, net of allowance for credit losses of $24 and $28, respectively (Note 3) 210 205
Income taxes receivable (Note 8) 48 0
Prepaid expenses and other current assets 49 44
Total current assets 1,439 1,270
Property and equipment, net of accumulated depreciation of $529 and $512, respectively 194 194
Operating lease right-of-use assets 24 27
Intangible assets, net of accumulated amortization of $200 and $198, respectively 49 51
Goodwill 825 822
Non-marketable investments (Note 4) 33 34
Deferred income taxes, net 70 78
Other long-term assets, net of allowance for credit losses of $10 and $10, respectively (Note 4, Note 8) 50 93
TOTAL ASSETS 2,684 2,569
Current liabilities:    
Accounts payable 34 39
Deferred merchant payables 311 203
Deferred revenue (Note 3) 81 44
Income taxes payable (Note 8) 126 16
Accrued expenses and other current liabilities (Note 5) 211 231
Total current liabilities 763 533
Long-term debt (Note 6) 837 836
Finance lease obligation, net of current portion 56 58
Operating lease liabilities, net of current portion 13 15
Deferred income taxes, net 1 1
Other long-term liabilities (Note 7) 206 265
Total Liabilities 1,876 1,708
Commitments and contingencies (Note 9)
Stockholders' equity: (Note 10)    
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 1,420 1,404
Retained earnings 188 261
Accumulated other comprehensive income (loss) (78) (82)
Treasury stock-common stock, at cost, 18,844,614 and 18,844,614 shares, respectively (722) (722)
Total Stockholders’ Equity 808 861
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,684 2,569
Class B Common Stock    
Stockholders' equity: (Note 10)    
Common stock $ 0 $ 0