Accrued Expenses and Other Current Liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Details of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of the dates presented:


	June 30, 2024		December 31, 2023
	(in millions)
Accrued salary, bonus, and other employee-related benefits	$	53	$	70
Accrued marketing costs		125		67
Interest payable (1)		17		17
Finance lease liability - current portion		6		6
Operating lease liabilities - current portion		7		10
Restructuring and other related reorganization costs (2)		5		13
Non-income taxes payable (3)		17		16
Accrued legal contingencies (4)		10		—
Other		64		53
Total	$	304	$	252

(1)

Amount relates primarily to unpaid interest accrued on the 2025 Senior Notes. Refer to “Note 6: Debt” for further information.

(2)

During the third quarter of 2023, the Company approved and subsequently initiated a set of actions across its businesses in order to reduce its cost structure, improve operational efficiencies, and realign its workforce with its strategic initiatives. These actions taken by the Company resulted in reduced global headcount. As a result, the Company incurred estimated pre-tax restructuring and other related reorganization costs of $22 million during the year ended December 31, 2023, consisting primarily of employee severance and related benefits. We expect the majority of remaining unpaid costs as of June 30, 2024 to be disbursed during 2024.

(3)

Amount relates primarily to digital service taxes.

(4)

Refer to "Note 9: Commitments and Contingencies" for further information.

Summary of Restructuring and Other Related Reorganization Costs

The following table summarizes our restructuring and other related reorganization costs for the six months ended June 30, 2024:


	Carrying Value
	(in millions)
Accrued liability as of December 31, 2023	$	13
Charges		1
Payments		(8	)
Other		(1	)
Accrued liability as of June 30, 2024	$	5