CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ 795	$ 509
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Transaction and credit losses	442	369
Depreciation and amortization	270	328
Stock-based compensation	345	429
Deferred income taxes	(67)	(16)
Net (gains) losses on strategic investments	(48)	(14)
Other	(92)	65
Changes in assets and liabilities:
Accounts receivable	(3)	(50)
Accounts payable	3	(29)
Income taxes payable	(235)	17
Other assets and liabilities	(240)	(391)
Net cash provided by operating activities	1,170	1,217
Cash flows from investing activities:
Purchases of property and equipment	(170)	(191)
Proceeds from sales of property and equipment	1	3
Purchases and originations of loans receivable	(8,267)	(5,525)
Principal repayment of loans receivable	8,063	5,054
Purchases of investments	(6,100)	(8,604)
Maturities and sales of investments	5,445	8,751
Funds receivable	1,076	(239)
Collateral posted related to derivative instruments, net	(22)	(1)
Other investing activities	8	0
Net cash provided by (used in) investing activities	34	(752)
Cash flows from financing activities:
Proceeds from issuance of common stock	1	3
Purchases of treasury stock	(1,432)	(1,500)
Tax withholdings related to net share settlements of equity awards	(149)	(244)
Borrowings under financing arrangements	72	286
Repayments under financing arrangements	(5)	(104)
Funds payable and amounts due to customers	(1,020)	863
Collateral received related to derivative instruments, net	(129)	26
Other financing activities	0	1
Net cash used in financing activities	(2,662)	(669)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(4)	18
Net change in cash, cash equivalents, and restricted cash	(1,462)	(186)
Cash, cash equivalents, and restricted cash at beginning of period	19,156	18,029
Cash, cash equivalents, and restricted cash at end of period	17,694	17,843
Supplemental cash flow disclosures:
Cash paid for interest	2	12
Cash paid for income taxes, net	495	47
The table below reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
Cash and cash equivalents	7,101	4,861
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	17,694	17,843
Short-term investments
The table below reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
Restricted cash	13	27
Funds receivable and customer accounts
The table below reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
Restricted cash	$ 10,580	$ 12,955