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Revenue
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue
3.Revenue
Disaggregation of Revenue
The following table summarizes the disaggregation of revenue according to type of revenue and is consistent with how the Company evaluates financial performance. The Company believes this depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.

Three Months Ended June 30,Six Months Ended June 30,

2023202420232024

(in millions)
Transaction$510$595$1,069$1,198
Advertising and other206228406445
Total revenue$716 $823 $1,475 $1,643 
Revenue by geographic areas based on bill-to location was as follows:
Three Months Ended June 30,Six Months Ended June 30,

2023202420232024

(in millions)
United States$691$791$1,426$1,578
International (1)
25324965
Total revenue$716 $823 $1,475 $1,643 
___________
(1) No individual international country represented 10% or more of the Company’s total revenue for the three and six months ended June 30, 2023 and 2024.
Contract Assets and Liabilities
The Company records deferred revenue, which is a contract liability, when the Company receives customer payments in advance of the performance obligations being satisfied on the Company’s contracts. Deferred revenue is primarily comprised of balances related to Instacart+ memberships. Substantially all of the Company’s deferred revenue as of December 31, 2023 and June 30, 2024 is expected to be recognized within a year. During the six months ended June 30, 2023 and 2024, the Company recognized $134 million and $147 million of revenue, respectively, from the deferred revenue balance as of December 31, 2022 and 2023.

There were no material contract assets as of December 31, 2023 or June 30, 2024.
Concentrations of Credit Risk
No customers accounted for 10% or more of the Company’s accounts receivable as of December 31, 2023 and one customer accounted for 12% of the Company’s accounts receivable as of June 30, 2024.