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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 405 $ 377
Restricted cash 24 22
Financial investments, at fair value 224 235
Receivables, net 486 356
Default funds and margin deposits 4,026 3,988
Other current assets 205 235
Assets held for sale 268 297
Total current assets 5,638 5,510
Property and equipment, net 384 400
Deferred tax assets 416 393
Goodwill 6,549 6,586
Intangible assets, net 2,432 2,468
Other non-current assets 371 374
Total assets 15,790 15,731
Current liabilities:    
Accounts payable and accrued expenses 237 177
Section 31 fees payable to SEC 128 128
Accrued personnel costs 111 170
Deferred revenue 386 161
Other current liabilities 161 85
Default funds and margin deposits 4,026 3,988
Short-term debt 960 480
Liabilities held for sale 27 45
Total current liabilities 6,036 5,234
Long-term debt 3,155 3,727
Deferred tax liabilities 600 602
Non-current deferred revenue 106 126
Other non-current liabilities 168 162
Total liabilities 10,065 9,851
Commitments and contingencies
Nasdaq stockholders’ equity:    
Common stock, $0.01 par value, 300,000,000 shares authorized, shares issued: 172,396,708 at March 31, 2018 and 172,373,432 at December 31, 2017; shares outstanding: 166,946,592 at March 31, 2018 and 167,441,030 at December 31, 2017 2 2
Additional paid-in capital 2,926 3,024
Common stock in treasury, at cost: 5,452,116 shares at March 31, 2018 and 4,932,402 shares at December 31, 2017 (289) (247)
Accumulated other comprehensive loss (1,060) (862)
Retained earnings 4,146 3,963
Total Nasdaq stockholders’ equity 5,725 5,880
Total liabilities and equity $ 15,790 $ 15,731