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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents (Note 6) $ 698 $ 319
Accounts receivable and contract assets, net of allowance for credit losses of $32 and $25, respectively (Note 2, Note 3) 74 183
Income taxes receivable 55 4
Prepaid expenses and other current assets 26 27
Total current assets 853 533
Property and equipment, net of accumulated depreciation of $347 and $319, respectively 259 270
Operating lease right-of-use assets 63 74
Intangible assets, net of accumulated amortization of $184 and $173, respectively 95 110
Goodwill (Note 7) 837 840
Deferred income taxes, net 6 7
Non-marketable investments (Note 6) 41 55
Other long-term assets, net of allowance for credit losses of $5 and $0, respectively 95 95
TOTAL ASSETS 2,249 1,984
Current liabilities:    
Accounts payable 13 11
Deferred merchant payables 57 159
Deferred revenue (Note 3) 38 62
Accrued expenses and other current liabilities (Note 10) 141 203
Total current liabilities 249 435
Long-term debt (Note 8) 700  
Deferred income taxes, net 13 8
Other long-term liabilities 375 380
Total Liabilities 1,337 823
Commitments and contingencies (Note 11)
Stockholders’ equity: (Note 12)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0
Additional paid-in capital 1,193 1,150
Retained earnings 509 681
Accumulated other comprehensive income (loss) (68) (63)
Treasury stock-common stock, at cost, 18,844,614 and 14,116,534 shares, respectively (722) (607)
Total Stockholders’ Equity 912 1,161
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,249 $ 1,984