UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 10,404	$ 6,312
Short-term investments (Available-for-sale debt securities: Amortized cost of $998 at December 31, 2019)	0	998
Accounts receivable, net (Allowance for expected credit losses of $282 and $49, respectively)	566	1,680
Prepaid expenses and other current assets, net (Allowance for expected credit losses of $12 and $6, respectively)	483	843
Total current assets	11,453	9,833
Property and equipment, net	736	738
Operating lease assets	577	620
Intangible assets, net	1,865	1,954
Goodwill	2,412	2,913
Long-term investments (Includes available-for-sale debt securities: Amortized cost of $775 and $2,192, respectively)	2,946	4,477
Other assets, net (Allowance for expected credit losses of $44 at June 30, 2020)	923	867
Total assets	20,912	21,402
Current liabilities:
Accounts payable	581	1,239
Accrued expenses and other current liabilities	1,445	1,578
Deferred merchant bookings	910	1,561
Convertible debt	973	988
Total current liabilities	3,909	5,366
Deferred income taxes	931	876
Operating lease liabilities	417	462
Long-term U.S. transition tax liability	922	1,021
Other long-term liabilities	101	104
Long-term debt	10,633	7,640
Total liabilities	16,913	15,469
Commitments and Contingencies
Stockholders' equity:
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 63,390,891 and 63,179,471, respectively	0	0
Treasury stock, 22,442,328 and 21,762,070 shares, respectively	(24,119)	(22,864)
Additional paid-in capital	5,699	5,756
Retained earnings	22,652	23,232
Accumulated other comprehensive loss	(233)	(191)
Total stockholders' equity	3,999	5,933
Total liabilities and stockholders' equity	$ 20,912	$ 21,402