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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 12,151 $ 10,562
Short-term investments (Available-for-sale debt securities: Amortized cost of $500 at March 31, 2021 and December 31, 2020) 500 501
Accounts receivable, net (Allowance for expected credit losses of $94 and $166, respectively) 586 529
Prepaid expenses, net (Allowance for expected credit losses of $20 and $22, respectively) 286 337
Other current assets 585 277
Total current assets 14,108 12,206
Property and equipment, net 734 756
Operating lease assets 480 529
Intangible assets, net 1,762 1,812
Goodwill 1,882 1,895
Long-term investments (Includes available-for-sale debt securities: Amortized cost of $225 at March 31, 2021 and December 31, 2020) 3,788 3,759
Other assets, net (Allowance for expected credit losses of $36 and $33, respectively) 901 917
Total assets 23,655 21,874
Current liabilities:    
Accounts payable 570 735
Accrued expenses and other current liabilities 1,350 1,382
Deferred merchant bookings 643 323
Short-term debt 3,905 985
Total current liabilities 6,468 3,425
Deferred income taxes 1,111 1,127
Operating lease liabilities 331 366
Long-term U.S. transition tax liability 923 923
Other long-term liabilities 128 111
Long-term debt 9,930 11,029
Total liabilities 18,891 16,981
Commitments and contingencies (see Note 13)
Stockholders' equity:    
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 63,562,095 and 63,406,451, respectively 0 0
Treasury stock, 22,511,172 and 22,446,897 shares, respectively (24,274) (24,128)
Additional paid-in capital 5,965 5,851
Retained earnings 23,233 23,288
Accumulated other comprehensive loss (160) (118)
Total stockholders' equity 4,764 4,893
Total liabilities and stockholders' equity $ 23,655 $ 21,874