XML 47 R35.htm IDEA: XBRL DOCUMENT
v3.22.2

DEBT (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | Outstanding debt at June 30, 2022 consists of the following (in millions):
June 30, 2022 |  | Outstanding Principal Amount |  | Unamortized Debt Discount and Debt Issuance Cost |  | Carrying Value
Current liabilities: |  |  |  |  |  |
2.15% (€750 Million) Senior Notes due November 2022 |  | $ | 784 |  |  | $ | — |  |  | $ | 784 |
2.75% Senior Notes due March 2023 |  | 500 |  |  | (1) |  |  | 499 |
Total current liabilities |  | $ | 1,284 |  |  | $ | (1) |  |  | $ | 1,283 |
Long-term debt: |  |  |  |  |  |
2.375% (€1 Billion) Senior Notes due September 2024 |  | $ | 1,045 |  |  | $ | (3) |  |  | $ | 1,042 |
3.65% Senior Notes due March 2025 |  | 500 |  |  | (1) |  |  | 499 |
0.1% (€950 Million) Senior Notes due March 2025 |  | 993 |  |  | (4) |  |  | 989 |
0.75% Convertible Senior Notes due May 2025 |  | 863 |  |  | (11) |  |  | 852 |
3.6% Senior Notes due June 2026 |  | 1,000 |  |  | (3) |  |  | 997 |
1.8% (€1 Billion) Senior Notes due March 2027 |  | 1,045 |  |  | (3) |  |  | 1,042 |
3.55% Senior Notes due March 2028 |  | 500 |  |  | (2) |  |  | 498 |
0.5% (€750 Million) Senior Notes due March 2028 |  | 784 |  |  | (4) |  |  | 780 |
4.625% Senior Notes due April 2030 |  | 1,500 |  |  | (9) |  |  | 1,491 |
Total long-term debt |  | $ | 8,230 |  |  | $ | (40) |  |  | $ | 8,190 |
Outstanding debt at December 31, 2021 consists of the following (in millions):
December 31, 2021 |  | Outstanding Principal Amount |  | Unamortized Debt Discount and Debt Issuance Cost |  | Carrying Value
Current Liabilities: |  |  |  |  |  |
0.8% (€1 Billion) Senior Notes due March 2022 |  | $ | 1,137 |  |  | $ | — |  |  | $ | 1,137 |
2.15% (€750 Million) Senior Notes due November 2022 |  | 853 |  |  | (1) |  |  | 852 |
Total current liabilities |  | $ | 1,990 |  |  | $ | (1) |  |  | $ | 1,989 |
Long-term debt: |  |  |  |  |  |
2.75% Senior Notes due March 2023 |  | $ | 500 |  |  | $ | (1) |  |  | $ | 499 |
2.375% (€1 Billion) Senior Notes due September 2024 |  | 1,137 |  |  | (5) |  |  | 1,132 |
3.65% Senior Notes due March 2025 |  | 500 |  |  | (1) |  |  | 499 |
0.1% (€950 Million) Senior Notes due March 2025 |  | 1,080 |  |  | (4) |  |  | 1,076 |
0.75% Convertible Senior Notes due May 2025 |  | 863 |  |  | (99) |  |  | 764 |
3.6% Senior Notes due June 2026 |  | 1,000 |  |  | (4) |  |  | 996 |
1.8% (€1 Billion) Senior Notes due March 2027 |  | 1,137 |  |  | (3) |  |  | 1,134 |
3.55% Senior Notes due March 2028 |  | 500 |  |  | (2) |  |  | 498 |
0.5% (€750 Million) Senior Notes due March 2028 |  | 853 |  |  | (5) |  |  | 848 |
4.625% Senior Notes due April 2030 |  | 1,500 |  |  | (9) |  |  | 1,491 |
Total long-term debt |  | $ | 9,070 |  |  | $ | (133) |  |  | $ | 8,937 |
Summary of Interest Expense | On January 1, 2022, the Company adopted the new accounting standards update relating to convertible instruments (see Note 1). The following table summarizes the interest expense and weighted-average effective interest rates related to the convertible senior notes (in millions, except for interest rates). The remaining period for amortization of debt issuance costs and debt discount, as applicable, is the period until the stated maturity date for the respective debt. The adoption of the new accounting standards update resulted in a decrease of $7 million and $13 million in "Interest expense" and "Income (loss) before income taxes" in the Unaudited Consolidated Statements of Operations for the three and six months ended June 30, 2022, respectively.
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Coupon interest expense |  | $ | 1 |  |  | $ | 4 |  |  | $ | 3 |  |  | $ | 8 |
Amortization of debt discount and debt issuance costs |  | 1 |  |  | 10 |  |  | 2 |  |  | 24 |
Total interest expense |  | $ | 2 |  |  | $ | 14 |  |  | $ | 5 |  |  | $ | 32 |
Weighted-average effective interest rate |  | 1.2 | % |  | 3.5 | % |  | 1.2 | % |  | 3.7 | %
The following table summarizes the interest expenses related to other senior notes (in millions):
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Coupon interest expense |  | $ | 56 |  | $ | 60 |  | $ | 114 |  | $ | 138
Amortization of debt discount and debt issuance costs |  | 2 |  | 4 |  | 5 |  | 6
Total interest expense |  | $ | 58 |  | $ | 64 |  | $ | 119 |  | $ | 144

X
- Definition Interest Expense + References No definition available. + Details
Name: | bkng_InterestExpenseTableTextBlock
Namespace Prefix: | bkng_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration