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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 12,221 $ 11,127
Short-term investments (Available-for-sale debt securities: Amortized cost of $176 and $25, respectively) 175 25
Accounts receivable, net (Allowance for expected credit losses of $117 and $101, respectively) 2,229 1,358
Prepaid expenses, net (Allowance for expected credit losses of $18 and $29, respectively) 477 404
Other current assets 696 231
Total current assets 15,798 13,145
Property and equipment, net 669 822
Operating lease assets 645 496
Intangible assets, net 1,829 2,057
Goodwill [1] 2,807 2,887
Long-term investments (Includes available-for-sale debt securities: Amortized cost of $576 at December 31, 2022) 2,789 3,175
Other assets, net (Allowance for expected credit losses of $5 and $18, respectively) 824 1,059
Total assets 25,361 23,641
Current liabilities:    
Accounts payable 2,507 1,586
Accrued expenses and other current liabilities 3,244 1,765
Deferred merchant bookings 2,223 906
Short-term debt 500 1,989
Total current liabilities 8,474 6,246
Deferred income taxes 685 905
Operating lease liabilities 552 351
Long-term U.S. transition tax liability 711 825
Other long-term liabilities 172 199
Long-term debt 11,985 8,937
Total liabilities 22,579 17,463
Commitments and contingencies (see Note 16)
Stockholders' equity:    
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 63,780,528 and 63,584,444, respectively 0 0
Treasury stock: 25,917,558 and 22,518,391 shares, respectively (30,983) (24,290)
Additional paid-in capital 6,491 6,159
Retained earnings 27,541 24,453
Accumulated other comprehensive loss (267) (144)
Total stockholders' equity 2,782 6,178
Total liabilities and stockholders' equity $ 25,361 $ 23,641
[1] The balance of goodwill as of December 31, 2022 and 2021 is stated net of cumulative impairment charges of $2.0 billion.