UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020
OPERATING ACTIVITIES:
Net income		$ 547	$ 224
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		323	344
Provision for expected credit losses and chargebacks		88	307
Deferred income tax (benefit) expense		(343)	101
Net losses (gains) on equity securities	[1]	589	(1,261)
Stock-based compensation expense and other stock-based payments		290	179
Operating lease amortization		135	137
Amortization of debt discount and debt issuance costs		44	48
Unrealized foreign currency transaction (gains) losses on Euro-denominated debt		(108)	139
Impairment of goodwill		0	1,062
Impairment of investment	[1]	0	100
Loss on early extinguishment of debt	[2]	242	0
Other		17	3
Changes in assets and liabilities:
Accounts receivable		(1,172)	554
Prepaid expenses and other current assets		(35)	230
Deferred merchant bookings and other current liabilities		2,083	(1,593)
Other long-term assets and liabilities		(159)	88
Net cash provided by operating activities		2,541	662
INVESTING ACTIVITIES:
Purchase of investments		(15)	(72)
Proceeds from sale and maturity of investments		8	2,997
Additions to property and equipment		(203)	(222)
Other investing activities		(5)	0
Net cash (used in) provided by investing activities		(215)	2,703
FINANCING ACTIVITIES:
Proceeds from the issuance of long-term debt		2,015	4,108
Payments of debt issuance costs		(10)	(38)
Payments for redemption and conversion of debt		(3,068)	(1,244)
Payments for repurchase of common stock		(159)	(1,299)
Other financing activities		(12)	5
Net cash (used in) provided by financing activities		(1,234)	1,532
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents		(11)	(12)
Net increase in cash and cash equivalents and restricted cash and cash equivalents		1,081	4,885
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period		10,582	6,332
Total cash and cash equivalents and restricted cash and cash equivalents, end of period		11,663	11,217
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for income taxes (see Note 17)		420	152
Cash paid during the period for interest		$ 231	$ 158

[1] See Note 5 for additional information related to the net (losses) gains on equity securities and impairment of investment.

[2] See Note 9 for additional information related to the loss on early extinguishment of debt.