SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Reconciliation of Cash and Cash Equivalents and Restricted Cash and Cash Equivalents

The following table reconciles cash and cash equivalents and restricted cash and cash equivalents reported in the Consolidated Balance Sheets to the total amount shown in the Consolidated Statements of Cash Flows (in millions):


	December 31,
	2023		2022
As included in the Consolidated Balance Sheets:
Cash and cash equivalents	$	12,107	$	12,221
Restricted cash and cash equivalents (1)	28		30
Total cash and cash equivalents and restricted cash and cash equivalents as shown in the Consolidated Statements of Cash Flows	$	12,135	$	12,251

(1) Included in "Other current assets" in the Consolidated Balance Sheets and principally consist of amounts relating to the Company's travel-related insurance business.

Schedule of Reclassifications

The following table presents the impact of the reclassifications on the Company's Consolidated Statements of Operations (in millions):


	Year Ended December 31,
	2022		2021
Sales and other expenses (Prior presentation)	$	1,818	$	881
Reclassifications	168		98
Sales and other expenses (New presentation)	$	1,986	$	979

General and administrative (Prior presentation)	$	934	$	620
Reclassifications	(168)		(98)
General and administrative (New presentation)	$	766	$	522

The following table presents the impact of the reclassifications by quarter on "Sales and other expenses" and "General and administrative" expenses in the Unaudited Consolidated Statements of Operations (in millions):


	Quarter ended								Year ended
	March 31,		June 30,		September 30,		December 31,		December 31,
2023
Sales and other expenses (Prior presentation)	$	542	$	666	$	723	$	597	$	2,528
Reclassifications	28		51		84		53		216
Sales and other expenses (New presentation)	$	570	$	717	$	807	$	650	$	2,744

General and administrative (Prior presentation)	$	289	$	304	$	387	$	791	$	1,771
Reclassifications	(28)		(51)		(84)		(53)		(216)
General and administrative (New presentation)	$	261	$	253	$	303	$	738	$	1,555

2022
Sales and other expenses (Prior presentation)	$	339	$	465	$	540	$	474	$	1,818
Reclassifications	24		38		69		37		168
Sales and other expenses (New presentation)	$	363	$	503	$	609	$	511	$	1,986

General and administrative (Prior presentation)	$	158	$	207	$	262	$	307	$	934
Reclassifications	(24)		(38)		(69)		(37)		(168)
General and administrative (New presentation)	$	134	$	169	$	193	$	270	$	766