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Loans and Merchant Cash Advances (Tables)
 9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Schedule of Loans and Merchant Cash Advances
Trade receivables and unbilled revenues, net of allowance for credit losses, were as follows:
 September 30, 2025December 31, 2024
(in US $ millions)
Unbilled revenues, net186 175 
Trade receivables, net79 77 
Indirect taxes receivable74 49 
Accrued interest36 19 
Other receivables21 22 
 396 342 
Activity in the allowance for credit losses was as follows for the three and nine months ended:
Three months ended September 30,Nine months ended September 30,
2025202420252024
(in US $ millions)
Balance, beginning of the period16 

15 16 

13 
Provision for credit losses related to uncollectible receivables7 

1 21 

9 
Write-offs(6)

— (20)

(6)
Balance, end of the period17 

16 17 

16 
September 30, 2025December 31, 2024
(in US $ millions)
Loans receivable, gross(1)
1,560 1,131 
Allowance for credit losses related to uncollectible loans receivable(144)(110)
Merchant cash advances receivable, gross350 234 
Allowance for credit losses related to uncollectible merchant cash advances receivable(33)(31)
Loans and merchant cash advances, net1,733 1,224 
(1) Included in the loans receivable gross balance as of September 30, 2025 is $19 million of interest receivable (December 31, 2024 - $15 million).
Schedule of Allowance for Credit Losses
The following table summarizes the activities of the Company’s allowance for credit losses related to uncollectible loans receivable for the three and nine months ended September 30, 2025 and 2024:
Three months ended September 30,Nine months ended September 30,
2025202420252024
(in US $ millions)
Allowance, beginning of the period138 82 110 60 
Provision for credit losses related to uncollectible loans receivable40 31 112 77 
Loans receivable charged off, net of recoveries(34)(17)(78)(41)
Allowance, end of the period144 96 144 96 
The following table summarizes the activities of the Company’s allowance for credit losses related to uncollectible merchant cash advances receivable for the three and nine months ended September 30, 2025 and 2024:
Three months ended September 30,Nine months ended September 30,
2025202420252024
(in US $ millions)
Allowance, beginning of the period31 31 31 36 
Provision for credit losses related to uncollectible merchant cash advances receivable9 3 25 10 
Merchant cash advances receivable charged off, net of recoveries(7)(4)(23)(16)
Allowance, end of the period33 30 33 30 
Schedule of Delinquency Status
The following table presents the delinquency status of the gross amount of merchant loans by year of origination. The delinquency status is determined based on the number of days past the contractual or expected repayment date for which the Company anticipates to receive the amounts outstanding. The "current" category represents balances that are anticipated to be repaid within 29 days of the contractual repayment dates, or are anticipated to be repaid within 29 days of the expected repayment date.
September 30, 2025
Year of origination
20252024TotalPercent
(in US $ millions)
Current1,372 60 1,432 91.9 %
30-89 Days13 6 19 1.2 %
90-179 Days13 8 21 1.3 %
180+ Days49 39 88 5.6 %
Total1,447 113 1,560 100.0 %
December 31, 2024
Year of origination
20242023TotalPercent
(in US $ millions)
Current1,051 8 1,059 93.7 %
30-89 Days
9 3 12 1.0 %
90-179 Days7 3 10 0.9 %
180+ Days34 16 50 4.4 %
Total1,101 30 1,131 100.0 %