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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents (Note 5) $ 418 $ 319
Accounts receivable and contract assets, net of allowance for credit losses of $33 and $25, respectively (Note 2, Note 4) 83 183
Income taxes receivable (Note 12) 50 4
Prepaid expenses and other current assets 22 27
Total current assets 573 533
Property and equipment, net (Note 6) 240 270
Operating lease right-of-use assets (Note 7) 54 74
Intangible assets, net (Note 8) 86 110
Goodwill (Note 8) 862 840
Non-marketable investments (Note 5) 40 55
Deferred income taxes, net (Note 12) 10 7
Other long-term assets, net of allowance for credit losses of $5 and $0, respectively 104 95
TOTAL ASSETS 1,969 1,984
Current liabilities:    
Accounts payable 18 11
Deferred merchant payables (Note 2) 36 159
Deferred revenue (Note 4) 28 62
Accrued expenses and other current liabilities (Note 9) 160 203
Total current liabilities 242 435
Long-term debt (Note 10) 491  
Finance lease obligation, net of current portion (Note 7) 71 78
Operating lease liabilities, net of current portion (Note 7) 46 64
Deferred income taxes, net (Note 12) 10 8
Other long-term liabilities (Note 11) 223 238
Total Liabilities 1,083 823
Commitments and contingencies (Note 13)
Stockholders’ equity: (Note 16)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0
Additional paid-in capital 1,253 1,150
Retained earnings 389 681
Accumulated other comprehensive income (loss) (34) (63)
Treasury stock-common stock, at cost, 18,844,614 and 14,116,534 shares, respectively (722) (607)
Total Stockholders’ Equity 886 1,161
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,969 $ 1,984