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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents (Note 6) $ 635 $ 673
Short-term marketable securities (Note 6) 15 35
Accounts receivable and contract assets, net of allowance for doubtful accounts of $17 and $16, respectively 281 230
Prepaid expenses and other current assets 52 55
Total current assets 983 993
Long-term marketable securities (Note 6) 5 27
Property and equipment, net of accumulated depreciation of $198 and $177, respectively 261 263
Intangible assets, net of accumulated amortization of $120 and $112, respectively 136 142
Goodwill 763 758
Deferred income taxes, net 18 16
Other long-term assets 74 73
TOTAL ASSETS 2,240 2,272
Current liabilities:    
Accounts payable 7 8
Deferred merchant payables 269 156
Deferred revenue 101 60
Current portion of debt (Note 7) 7 7
Accrued expenses and other current liabilities 150 141
Total current liabilities 534 372
Long-term debt (Note 7)   230
Deferred income taxes, net 16 14
Other long-term liabilities 300 293
Total Liabilities 850 909
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
Additional paid-in capital 946 926
Retained earnings 935 926
Accumulated other comprehensive loss (34) (42)
Treasury stock-common stock, at cost, 9,727,140 and 9,474,490 shares, respectively (457) (447)
Total Stockholders’ Equity 1,390 1,363
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,240 $ 2,272