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Other Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets |
|  | As of December 31, |
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | RMB |  |  | RMB |  |  | US$ |
|  | (In millions) |
Contract assets, net (i) |  |  | 3,114 |  |  |  | 3,085 |  |  |  | 435 |
VAT prepayments |  |  | 1,818 |  |  |  | 1,738 |  |  |  | 245 |
Inventories |  |  | 1,227 |  |  |  | 1,396 |  |  |  | 197 |
Receivables from online payment agencies |  |  | 856 |  |  |  | 1,263 |  |  |  | 178 |
Advances to suppliers |  |  | 769 |  |  |  | 871 |  |  |  | 123 |
Licensed copyrights (Note 6) |  |  | 746 |  |  |  | 582 |  |  |  | 82 |
Prepaid expenses |  |  | 582 |  |  |  | 728 |  |  |  | 103 |
Deposits |  |  | 379 |  |  |  | 386 |  |  |  | 54 |
Others (ii) |  |  | 869 |  |  |  | 2,530 |  |  |  | 355 |
Total other current assets |  |  | 10,360 |  |  |  | 12,579 |  |  |  | 1,772 |
Long-term prepaid expenses |  |  | 16,257 |  |  |  | 16,536 |  |  |  | 2,329 |
Long-term restricted cash (iii) |  |  | 750 |  |  |  | 840 |  |  |  | 118 |
Others |  |  | 2,089 |  |  |  | 1,588 |  |  |  | 224 |
Total other non-current assets |  |  | 19,096 |  |  |  | 18,964 |  |  |  | 2,671 |
(i) | The allowance for credit losses on contract assets was RMB285 million and RMB168 million (US$24 million) as of December 31, 2022 and 2023, respectively. Expenses of RMB58 million, RMB200 million and a net reversal of RMB117 million (US$16 million) were recognized for credit losses on contract assets for the years ended December 31, 2021, 2022 and 2023, respectively. No write-offs were charged against the allowance for the years ended December 31, 2021, 2022 and 2023, respectively.
(ii) | The balance as of December 31, 2023 includes a non-trade loan and interest receivables due from PAG with the principal of US$200 million (equivalent to RMB1.4 billion) and interest rate of 6%, which will due on July 1, 2024 if iQIYI requires repayment, or otherwise will due on the date which PAG and its affiliates cease to hold any portion of the iQIYI PAG Convertible Notes. PAG released certain collateral secured by iQIYI under the iQIYI PAG Convertible Notes (Note 15) and pledged to iQIYI a portion of the iQIYI PAG Convertible Notes, each in an amount equivalent to the amount of this non-trade loan.
(iii) | Long-term restricted cash represents collateral to repayments of the iQIYI PAG Convertible Notes (Note 15).

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