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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (Note 4) $ 1,171 $ 1,067
Accounts receivable, net (allowance for expected credit losses of $23 and $21, respectively) (Note 4) 248 192
Income taxes receivable (Note 8) 44 0
Prepaid expenses and other current assets 48 38
Total current assets 1,511 1,297
Property and equipment, net of accumulated depreciation of $563 and $551, respectively 189 191
Operating lease right-of-use assets 21 15
Intangible assets, net of accumulated amortization of $202 and $208, respectively 40 43
Goodwill 822 829
Non-marketable investments (Note 4) 32 32
Deferred income taxes, net 78 86
Other long-term assets, net of allowance for credit losses of $10 and $10, respectively (Note 4) 45 44
TOTAL ASSETS 2,738 2,537
Current liabilities:    
Accounts payable 60 28
Deferred merchant payables 353 237
Deferred revenue (Note 3) 82 49
Income taxes payable (Note 8) 161 6
Accrued expenses and other current liabilities (Note 5) 236 252
Total current liabilities 892 572
Long-term debt (Note 6) 840 839
Finance lease obligation, net of current portion 49 51
Operating lease liabilities, net of current portion 14 6
Deferred income taxes, net 1 1
Other long-term liabilities (Note 7) 117 197
Total Liabilities 1,913 1,666
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 1,513 1,493
Retained earnings 212 271
Accumulated other comprehensive income (loss) (78) (71)
Treasury stock-common stock, at cost, 24,893,867 and 24,893,867 shares, respectively (822) (822)
Total Stockholders’ Equity 825 871
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,738 2,537
Class B Common Stock    
Stockholders' equity: (Note 11)    
Common stock $ 0 $ 0