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Supplemental Financial Information
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Supplemental financial information Supplemental Financial Information
Supplemental Disclosure of Cash Flow Information
(in millions)
202320222021
Supplemental disclosure of cash-flow information
Cash paid for income taxes, net of refunds$110 $6 $3 
Cash paid for interest$31 $19 $21 
Non-cash investing and financing activities
Increase (decrease) in property and equipment-related accounts payable$23 $(68)$45 
Conversion of common units into Class A and Class B common stock$— $— $87 
Conversion of redeemable convertible preferred units into Class A and Class B common stock$— $— $3,466 
Conversion of convertible notes into Class A common stock$— $— $610 
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown within the consolidated statements of cash flows.
December 31,
(in millions)202320222021
Current assets
Cash and cash equivalents$5,243 $3,509 $3,488 
Restricted cash
353 176 320 
Noncurrent assets
Restricted cash included in long-term leasehold deposits and other1 2 2 
Total cash, cash equivalents and restricted cash$5,597 $3,687 $3,810 
Supplier Financing Arrangements
We have agreements with third-party financial institutions to facilitate participating vendors’ and suppliers’ ability to settle payment obligations from us to designated third-party financial institutions. Participating vendors and suppliers may, at their sole discretion, settle obligations prior to their scheduled due dates at a discounted price to the participating financial institutions. The invoices that have been confirmed as valid under the program require payment, in full, based on the original standard invoice terms. Confirmed invoices owed to financial institutions under these programs are included within accounts payable and were $459 million and $337 million as of December 31, 2023 and 2022, respectively. Coupang or the financial institutions may terminate the agreement upon given notice.