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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value
The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 and 2022:
Balances as of
December 31, 2023		Quoted Prices in
active markets for
identical Assets
(Level 1)		Significant other
observable inputs
(Level 2)		Balances as of
December 31, 2022		Quoted Prices in
active markets for
identical Assets
(Level 1)		Significant other
observable inputs
(Level 2)		Unobservable
inputs
(Level 3)
(In millions)
Cash and cash equivalents:
Money market$639 $639 $— $599 $599 $— $— 
U.S. government debt securities (1)
60 60 — 21 21 — — 
Foreign government debt securities (1)
32 32 — — — — — 
Restricted cash and cash equivalents:
Money market (2)
278 278 — 352 352 — — 
Foreign government debt securities (1)
116 116 — 158 158 — — 
Investments:
U.S. government debt securities (1)
1,009 1,009 — 733 733 — — 
Foreign government debt securities (1) (3)
2,530 2,530 — 1,433 1,433 — — 
Corporate debt securities30 30 — — — — — 
Other assets:
Derivative instruments23 — 23 1 — 1 — 
USDC— — — 3 3 — — 
Customer crypto-assets safeguarding assets34 — 34 15 — 15 — 
Intangible assets at fair value24 24 — — — — — 
Total assets$4,775 $4,718 $57 $3,315 $3,299 $16 $— 
Long-term retention program$104 $— $104 $58 $— $58 $— 
Other liabilities:
Contingent considerations— — — 8 — — 8 
Derivative instruments31 — 31 24 — 24 — 
Customer crypto-assets safeguarding liabilities34 — 34 15 — 15 — 
Total liabilities$169 $— $169 $105 $— $97 $8 
(1) Measured at fair value with impact on the consolidated statements of income for the application of the fair value option. (See Note 2 – Summary of significant accounting policies – Fair value option applied to certain financial instruments.)
(2) As of December 31, 2023 and 2022 includes $269 million and $314 million, respectively, of money market funds from securitization transactions. (See Note 5 – Cash, cash equivalents, restricted cash and cash equivalents and investments.)
(3) As of December 31, 2023 and 2022 includes $23 million and $21 million, respectively, of investments from securitization transactions that are restricted to the payment of amounts due to third-party investors. In additional, includes foreign government debt securities that are also restricted due to regulations issued by the Central Banks and other regulators or because guarantees a line of credit. (See Note 5 – Cash, cash equivalents, restricted cash and cash equivalents and investments.)
Summary of Reconciliation of Financial Assets and Liabilities
The following tables summarize the reconciliation of the financial assets and liabilities measured at fair value using Level 3 inputs as of December 31, 2022:
Year Ended December 31, 2022
Derivative Instruments, net
Contingent Considerations (1)
(In millions)
Balance, beginning of the year$11 $(9)
Net Additions3 — 
Settlements7 1 
Foreign Currency Translation(5)— 
Losses in Other Comprehensive Income(15)— 
Losses in Income Statement(28)— 
Transfers out of level 327 — 
Balance, end of the year$— $(8)
(1) As of December 31, 2023, the contingent considerations measured at fair value using Level 3 inputs were settled.
Summary of Debt Securities Classified as Available for Sale
The following table summarizes the net carrying amount of the corporate debt securities classified as available for sale, classified by its contractual maturities:
Balances as of
December 31, 2023
(In millions)
One year or less$5 
One year to two years12 
Two years to three years4 
Three years to four years3 
Four years to five years6 
Total available for sale investments
$30 
Summary of Debt Securities Classified as Held to Maturity
The following table summarizes the net carrying amount of the debt securities not classified as available for sale, classified by its contractual maturities or Management expectation to convert the investments into cash:
Balances as of
December 31, 2023		Balances as of
December 31, 2022
(In millions)
One year or less$3,668 $2,079 
One year to two years4 201 
Two years to three years— 5 
Three years to four years35 — 
Four years to five years37 30 
More than five years3 30 
$3,747 $2,345 
Summary of Estimated Fair Value Level of Financial Assets and Liabilities
The following table summarizes the estimated fair value level of the financial assets and liabilities of the Company not measured at fair value as of December 31, 2023 and 2022:
Balances as of
December 31, 2023		Estimated fair value as of December 31, 2023Balances as of
December 31, 2022		Estimated fair value as of December 31, 2022
(In millions)
Cash and cash equivalents$1,825 $1,825 $1,290 $1,290 
Restricted cash and cash equivalents898 898 943 943 
Investments15 15 439 439 
Accounts receivables, net156 156 130 130 
Credit card receivables and other means of payment, net3,632 3,632 2,946 2,946 
Loans receivable, net2,694 2,676 1,736 1,761 
Other assets131 131 273 273 
Total Assets$9,351 $9,333 $7,757 $7,782 
Accounts payable and accrued expenses$2,117 $2,117 $1,393 $1,393 
Funds payable to customers4,475 4,475 3,454 3,454 
Amounts payable due to credit and debit card transactions1,092 1,092 488 488 
Salaries and social security payable441 441 349 349 
Loans payable and other financial liabilities4,495 4,441 4,758 4,997 
Other liabilities285 285 186 186 
Total Liabilities$12,905 $12,851 $10,628 $10,867