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Other Assets (Detail)
¥ in Millions, $ in Millions
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Prepaid Expense and Other Assets [Abstract]      
Contract assets, net [1] ¥ 3,085 $ 435 ¥ 3,114
VAT prepayments 1,738 245 1,818
Inventories 1,396 197 1,227
Receivables from online payment agencies 1,263 178 856
Advances to suppliers 871 123 769
Licensed copyrights (Note 6) 582 82 746
Prepaid expenses 728 103 582
Deposits 386 54 379
Others [2] 2,530 355 869
Total other current assets 12,579 1,772 10,360
Long-term prepaid expenses 16,536 2,329 16,257
Long-term restricted cash [3] 840 118 750
Others 1,588 224 2,089
Total other non-current assets ¥ 18,964 $ 2,671 ¥ 19,096
[1] 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.
[2] 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.
[3] Long-term restricted cash represents collateral to repayments of the iQIYI PAG Convertible Notes (Note 15).