UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 6,363	$ 6,312
Short-term investments (Includes available-for-sale debt securities: Amortized cost of $414 and $998, respectively)	826	998
Accounts receivable, net (Allowance for credit losses of $245 and $49, respectively)	667
Accounts receivable, net (Allowance for credit losses of $245 and $49, respectively)		1,680
Prepaid expenses and other current assets, net (Allowance for credit losses of $5 and $6, respectively)	1,404	843
Total current assets	9,260	9,833
Property and equipment, net	720	738
Operating lease assets	596	620
Intangible assets, net	1,897	1,954
Goodwill	2,391	2,913
Long-term investments (Includes available-for-sale debt securities: Amortized cost of $775 and $2,192, respectively)	2,056	4,477
Other assets, net (Allowance for credit losses of $49 and $0, respectively)	942	867
Total assets	17,862	21,402
Current liabilities:
Accounts payable	926	1,239
Accrued expenses and other current liabilities	1,255	1,578
Deferred merchant bookings	960	1,561
Convertible debt	995	988
Total current liabilities	4,136	5,366
Deferred income taxes	786	876
Operating lease liabilities	438	462
Long-term U.S. transition tax liability	1,021	1,021
Other long-term liabilities	93	104
Long-term debt	7,553	7,640
Total liabilities	14,027	15,469
Commitments and Contingencies
Convertible debt	4	0
Stockholders' equity:
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 63,369,751 and 63,179,471, respectively	0	0
Treasury stock, 22,439,549 and 21,762,070 shares, respectively	(24,115)	(22,864)
Additional paid-in capital	5,758	5,756
Retained earnings	22,530	23,232
Accumulated other comprehensive loss	(342)	(191)
Total stockholders' equity	3,831	5,933
Total liabilities and stockholders' equity	$ 17,862	$ 21,402