Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Reconciliation of Disaggregated Revenue to Segment Revenue

A reconciliation of disaggregated revenue to segment revenue is also included below.

	Three months ended March 31, 2018
Major products/revenue sources:	(in millions)
Click-based advertising and transaction revenue	$	189
Display-based advertising and subscription revenue		71
Other hotel revenue		39
Total Hotel Revenue (1)		299
Non-Hotel Revenue (1)		79
Total Revenue	$	378

(1) Our revenue is recognized primarily at a point in time for both our Hotel and Non-Hotel segments.

Summary of Balances of Accounts Receivables and Contract Assets from Contracts with Customers

The following table provides information about the opening and closing balances of accounts receivables and contract assets from contracts with customers (in millions):

	March 31, 2018		December 31, 2017
Accounts receivable	$	269	$	230
Contract assets		12		-
Total	$	281	$	230

ASC 606

Summary of Impact of New Revenue Recognition Guidance on Unaudited Condensed Consolidated Statement of Operations

The impact of this new revenue recognition guidance on our unaudited condensed consolidated statement of operations for the three months ended March 31, 2018 was as follows:

	As Reported - ASC 606 March 31, 2018			Impact of Accounting under ASC 606			Adjusted - ASC 605 March 31, 2018
	(in millions)
Revenue	$	378		$	(4	)	$	374
Operating income		23			(4	)		19
Income before income taxes		21			(4	)		17
Provision for income taxes		(16	)		1			(15	)
Net income		5			(3	)		2