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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents (Note 3) $ 1,067 $ 1,021
Accounts receivable, net (allowance for expected credit losses of $21 and $28, respectively) (Note 2, Note 3) 192 205
Prepaid expenses and other current assets 38 44
Total current assets 1,297 1,270
Property and equipment, net (Note 4, Note 5) 191 194
Operating lease right-of-use assets (Note 5) 15 27
Intangible assets, net (Note 6) 43 51
Goodwill (Note 6) 829 822
Non-marketable investments (Note 3) 32 34
Deferred income taxes, net (Note 10) 86 78
Other long-term assets, net of allowance for credit losses of $10 and $10, respectively 44 93
TOTAL ASSETS 2,537 2,569
Current liabilities:    
Accounts payable 28 39
Deferred merchant payables (Note 2) 237 203
Deferred revenue (Note 2) 49 44
Accrued expenses and other current liabilities (Note 7) 258 247
Total current liabilities 572 533
Long-term debt (Note 8) 839 836
Finance lease obligation, net of current portion (Note 5) 51 58
Operating lease liabilities, net of current portion (Note 5) 6 15
Deferred income taxes, net (Note 10) 1 1
Other long-term liabilities (Note 9) 197 265
Total Liabilities 1,666 1,708
Commitments and contingencies (Note 11)
Stockholders equity: (Note 14)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0, respectively 0 0
Common stock 0 0
Additional paid-in capital 1,493 1,404
Retained earnings 271 261
Accumulated other comprehensive income (loss) (71) (82)
Treasury stock-common stock, at cost, 24,893,867 and 18,844,614 shares, respectively (822) (722)
Total Stockholders’ Equity 871 861
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,537 2,569
Class B Common Stock    
Stockholders equity: (Note 14)    
Common stock $ 0 $ 0