XML 28 R15.htm IDEA: XBRL DOCUMENT
v3.23.1

ACCOUNTS RECEIVABLE AND OTHER FINANCIAL ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2023
Receivables [Abstract] |
ACCOUNTS RECEIVABLE AND OTHER FINANCIAL ASSETS | ACCOUNTS RECEIVABLE AND OTHER FINANCIAL ASSETS Accounts receivable in the Consolidated Balance Sheets at March 31, 2023 and December 31, 2022 includes receivables from customers of $1.4 billion and $1.5 billion, respectively, and receivables from payment processors and networks of $601 million and $730 million, respectively. The remaining balance principally relates to receivables from marketing affiliates. In addition, the Company had prepayments to certain accommodation travel service provider customers of $24 million and $29 million included in "Prepaid expenses, net" and $7 million and $5 million included in "Other assets, net" in the Consolidated Balance Sheets at March 31, 2023 and December 31, 2022, respectively. The amounts mentioned above are stated on a gross basis, before deducting the allowance for expected credit losses. Significant judgments and assumptions are required to estimate the allowance for expected credit losses and such assumptions may change in future periods, particularly the assumptions related to the business prospects and financial condition of customers and marketing affiliates, also taking into account factors such as the macroeconomic conditions, inflationary pressures, potential recession, and the Company's ability to collect the receivable or recover the prepayment. The following table summarizes the activity of the allowance for expected credit losses on receivables (in millions):
| Three Months Ended March 31,
| 2023 |  | 2022
Balance, beginning of year | $ | 117 |  |  | $ | 101 |
Provision charged to earnings | 20 |  |  | 30 |
Write-offs and adjustments | (45) |  |  | (28) |
Foreign currency translation adjustments | 1 |  |  | (1) |
Balance, end of period | $ | 93 |  |  | $ | 102 |
In addition to the allowance for expected credit losses on receivables, the Company recorded an allowance for expected credit losses on prepayments to certain accommodation travel service provider customers, which are included in "Prepaid expenses, net" and "Other assets, net" in the Consolidated Balance Sheets. The following table summarizes the activity of the allowance for expected credit losses on prepayments to customers (in millions):
| Three Months Ended March 31,
| 2023 |  | 2022
Balance, beginning of year | $ | 23 |  |  | $ | 47 |
Provision charged to expense | — |  |  | (3) |
Write-offs and adjustments | (2) |  |  | (1) |
Balance, end of period | $ | 21 |  |  | $ | 43 |

X
- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI https://asc.fasb.org/topic&trid=2196771 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -URI https://asc.fasb.org/topic&trid=82887179 + Details
Name: | us-gaap_AccountsAndNontradeReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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