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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (Note 4) $ 1,066 $ 723
Accounts receivable and contract assets, net of allowance for credit losses of $28 and $28, respectively (Note 3) 205 142
Income taxes receivable (Note 9) 0 49
Prepaid expenses and other current assets 38 26
Total current assets 1,309 940
Property and equipment, net of accumulated depreciation of $512 and $460, respectively 195 215
Operating lease right-of-use assets 28 42
Intangible assets, net of accumulated amortization of $197 and $202, respectively 55 65
Goodwill (Note 5) 803 843
Non-marketable investments (Note 4) 34 36
Deferred income taxes, net 51 54
Other long-term assets, net of allowance for credit losses of $10 and $10, respectively 90 94
TOTAL ASSETS 2,565 2,289
Current liabilities:    
Accounts payable 67 27
Deferred merchant payables 240 113
Deferred revenue (Note 3) 51 36
Accrued expenses and other current liabilities (Note 6) 215 181
Total current liabilities 573 357
Long-term debt (Note 7) 836 833
Finance lease obligation, net of current portion 60 65
Operating lease liabilities, net of current portion 16 29
Deferred income taxes, net 1 1
Other long-term liabilities (Note 8) 266 215
Total Liabilities 1,752 1,500
Commitments and contingencies (Note 10)
Stockholders' equity: (Note 12)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0 0 0
Common stock 0 0
Additional paid-in capital 1,380 1,326
Retained earnings 263 241
Accumulated other comprehensive income (loss) (108) (56)
Treasury stock-common stock, at cost, 18,844,614 and 18,844,614 shares, respectively (722) (722)
Total Stockholders’ Equity 813 789
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,565 2,289
Class B Common Stock    
Stockholders' equity: (Note 12)    
Common stock $ 0 $ 0