UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES:
Net income (loss)		$ 157	$ (222)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		218	221
Provision for expected credit losses and chargebacks		113	37
Deferred income tax benefit		(165)	(120)
Net losses (gains) on equity securities	[1]	806	(427)
Stock-based compensation expense and other stock-based payments		201	204
Operating lease amortization		81	91
Unrealized foreign currency transaction gains related to Euro-denominated debt		(68)	(54)
Loss on early extinguishment of debt	[2]	0	242
Other		40	47
Changes in assets and liabilities:
Accounts receivable		(1,116)	(820)
Prepaid expenses and other current assets		(181)	(173)
Deferred merchant bookings and other current liabilities		4,861	1,973
Long-term assets and liabilities		(568)	(54)
Net cash provided by operating activities		4,379	945
INVESTING ACTIVITIES:
Purchase of investments		(12)	(15)
Additions to property and equipment		(195)	(124)
Other investing activities		(36)	3
Net cash used in investing activities		(243)	(136)
FINANCING ACTIVITIES:
Proceeds from the issuance of long-term debt		0	2,015
Payments on maturity and redemption of debt		(1,102)	(1,982)
Payments for repurchase of common stock		(2,288)	(150)
Other financing activities		13	(21)
Net cash used in financing activities		(3,377)	(138)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents		(44)	(1)
Net increase in cash and cash equivalents and restricted cash and cash equivalents		715	670
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period		11,152	10,582
Total cash and cash equivalents and restricted cash and cash equivalents, end of period		11,867	11,252
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for income taxes (see Note 18)		337	406
Cash paid during the period for interest		$ 145	$ 164

[1] See Note 5 for additional information related to the net gains (losses) on equity securities and Note 6 for additional information related to the impairment of an investment in equity securities.

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