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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 11,127 $ 10,562
Short-term investments (Available-for-sale debt securities: Amortized cost of $25 and $500, respectively) 25 501
Accounts receivable, net (Allowance for expected credit losses of $101 and $166, respectively) 1,358 529
Prepaid expenses, net (Allowance for expected credit losses of $29 and $22, respectively) 404 337
Other current assets 231 277
Total current assets 13,145 12,206
Property and equipment, net 822 756
Operating lease assets 496 529
Intangible assets, net 2,057 1,812
Goodwill [1] 2,887 1,895
Long-term investments (Includes available-for-sale debt securities: Amortized cost of $225 at December 31, 2020) 3,175 3,759
Other assets, net (Allowance for expected credit losses of $18 and $33, respectively) 1,059 917
Total assets 23,641 21,874
Current liabilities:    
Accounts payable 1,586 735
Accrued expenses and other current liabilities 1,765 1,382
Deferred merchant bookings 906 323
Short-term debt 1,989 985
Total current liabilities 6,246 3,425
Deferred income taxes 905 1,127
Operating lease liabilities 351 366
Long-term U.S. transition tax liability 825 923
Other long-term liabilities 199 111
Long-term debt 8,937 11,029
Total liabilities 17,463 16,981
Commitments and contingencies (see Note 16)
Stockholders' equity:    
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 63,584,444 and 63,406,451, respectively 0 0
Treasury stock, 22,518,391 and 22,446,897 shares, respectively (24,290) (24,128)
Additional paid-in capital 6,159 5,851
Retained earnings 24,453 23,288
Accumulated other comprehensive loss (144) (118)
Total stockholders' equity 6,178 4,893
Total liabilities and stockholders' equity $ 23,641 $ 21,874
[1] The balance of goodwill as of December 31, 2021 and 2020 is stated net of cumulative impairment charges of $2.0 billion.