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Accrued Expenses and Other Current Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

Details of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of the dates presented:

		September 30, 2024		December 31, 2023
		(in millions)
Accrued salary, bonus, and other employee-related benefits		$67		$70
Accrued marketing costs		74		67
Interest payable (1)		1		17
Finance lease liability - current portion		7		6
Operating lease liabilities - current portion		6		10
Restructuring and other related reorganization costs (2)		4		13
Non-income taxes payable (3)		24		16
Accrued legal contingencies (4)		10		—
Other		58		53
Total		$251		$252

(1)Amount relates primarily to unpaid interest accrued on the 2025 Senior Notes as of December 31, 2023. Refer to “Note 6: Debt” for further information.

(2)During the third quarter of 2023, the Company approved and subsequently initiated a set of actions across its businesses in order to reduce its cost structure, improve operational efficiencies, and realign its workforce with its strategic initiatives. These actions taken by the Company resulted in reduced global headcount. As a result, the Company incurred estimated pre-tax restructuring and other related reorganization costs of $22 million during the year ended December 31, 2023, of which $18 million was incurred during the three months ended September 30, 2023, consisting primarily of employee severance and related benefits. We expect the majority of remaining unpaid costs as of September 30, 2024 to be disbursed during the fourth quarter of 2024.

(3)Amount relates primarily to unpaid digital service taxes.

(4)Refer to "Note 9: Commitments and Contingencies" for further information.

Summary of Restructuring and Other Related Reorganization Costs

The following table summarizes our restructuring and other related reorganization costs for the nine months ended September 30, 2024:

		Carrying Value
		(in millions)
Accrued liability as of December 31, 2023		$	13
Charges			1
Payments			(10	)
Accrued liability as of September 30, 2024		$	4

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Tabular disclosure of the components of accrued liabilities.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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