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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
 9 Months Ended
Sep. 30, 2024
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 September 30, 2024 and December 31, 2023:
Balances as of
September 30, 2024		Quoted Prices in
active markets for
identical Assets
(Level 1)		Significant other
observable inputs
(Level 2)		Balances as of
December 31, 2023		Quoted Prices in
active markets for
identical Assets
(Level 1)		Significant other
observable inputs
(Level 2)
(In millions)
Cash and Cash Equivalents:
Money Market$302 $302 $— $639 $639 $— 
U.S. government debt securities (1)
— — — 60 60 — 
Foreign government debt securities (1)
— — — 32 32 — 
Restricted Cash and Cash Equivalents:    
Money Market (2)
393 393 — 278 278 — 
Foreign government debt securities (1)
— — — 116 116 — 
Investments:     
U.S. government debt securities (1)
1,262 1,262 — 1,009 1,009 — 
Foreign government debt securities (1) (3)
4,069 4,069 — 2,530 2,530 — 
Corporate debt securities261 261 — 30 30 — 
Other Assets:
Derivative Instruments26 — 26 23 — 23 
Customer crypto-assets safeguarding assets81 — 81 34 — 34 
Intangible assets at fair value34 34 — 24 24 — 
Total Assets$6,428 $6,321 $107 $4,775 $4,718 $57 
Salaries and social security payable:
Long-term retention plan$133 $— $133 $104 $— $104 
Other Liabilities:     
Derivative Instruments18 — 18 31 — 31 
Other10 — 10 — — — 
Customer crypto-assets safeguarding liabilities81 — 81 34 — 34 
Total Liabilities$242 $— $242 $169 $— $169 
(1) Measured at fair value with impact on the statement 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 September 30, 2024 and December 31, 2023, includes $390 million and $269 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 September 30, 2024 and December 31, 2023, includes $19 million and $23 million, respectively, of investments from securitization transactions. (See Note 5 – Cash, cash equivalents, restricted cash and cash equivalents and investments).
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:
September 30, 2024December 31, 2023
(In millions)
One year or less$94 $5 
One year to two years48 12 
Two years to three years24 4 
Three years to four years40 3 
Four years to five years55 6 
Total available for sale investments$261 $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:
September 30, 2024December 31, 2023
(In millions)
One year or less$4,333 $3,668 
One year to two years445 4 
Two years to three years254 — 
Three years to four years297 35 
Four years to five years2 37 
More than five years— 3 
Total debt securities not classified as available for sale
$5,331 $3,747 
Summary of Estimated Fair Value Level of Financial Assets and Liabilities
The following table summarizes the estimated fair value of the financial assets and liabilities of the Company not measured at fair value as of September 30, 2024 and December 31, 2023:
Balances as of
September 30, 2024		Estimated fair value as of September 30, 2024Balances as of
December 31, 2023		Estimated fair value as of December 31, 2023
(In millions)
Cash and cash equivalents$1,860 $1,860 $1,825 $1,825 
Restricted cash and cash equivalents923 923 898 898 
Investments84 84 15 15 
Accounts receivables, net216 216 156 156 
Credit card receivables and other means of payment, net4,585 4,585 3,632 3,632 
Loans receivable, net4,404 4,387 2,694 2,676 
Other assets167 167 131 131 
Total Assets$12,239 $12,222 $9,351 $9,333 
Accounts payable and accrued expenses$2,940 $2,940 $2,117 $2,117 
Funds payable to customers5,854 5,854 4,475 4,475 
Amounts payable due to credit and debit card transactions1,716 1,716 1,092 1,092 
Salaries and social security payable532 532 441 441 
Loans payable and other financial liabilities5,252 5,186 4,495 4,441 
Other liabilities391 391 285 285 
Total Liabilities$16,685 $16,619 $12,905 $12,851