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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (Note 3) $ 1,064 $ 1,067
Accounts receivable, net (allowance for expected credit losses of $25 and $21, respectively) (Note 2, Note 3) 207 192
Prepaid expenses and other current assets 49 38
Total current assets 1,320 1,297
Property and equipment, net (Note 4, Note 5) 200 191
Operating lease right-of-use assets (Note 5) 17 15
Intangible assets, net (Note 6) 36 43
Goodwill (Note 6) 814 829
Non-marketable investments (Note 3) 30 32
Deferred income taxes, net (Note 10) 101 86
Other long-term assets, net of allowance for credit losses of $10 and $10, respectively (Note 3) 43 44
TOTAL ASSETS 2,561 2,537
Current liabilities:    
Accounts payable 49 28
Deferred merchant payables (Note 2) 255 237
Deferred revenue (Note 2) 47 49
Current portion of debt (Note 8) 5 0
Income taxes payable (Note 10) 23 6
Accrued expenses and other current liabilities (Note 7) 249 252
Total current liabilities 628 572
Long-term debt (Note 8) 831 839
Finance lease obligation, net of current portion (Note 5) 43 51
Operating lease liabilities, net of current portion (Note 5) 11 6
Deferred income taxes, net (Note 10) 1 1
Other long-term liabilities (Note 9) 104 197
Total Liabilities 1,618 1,666
Commitments and contingencies (Note 11)
Stockholders equity: (Note 14)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0, respectively 0 0
Common stock 0 0
Additional paid-in capital 1,605 1,493
Retained earnings 276 271
Accumulated other comprehensive income (loss) (91) (71)
Treasury stock-common stock, at cost, 26,260,252 and 24,893,867 shares, respectively (847) (822)
Total Stockholders’ Equity 943 871
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,561 2,537
Class B Common Stock    
Stockholders equity: (Note 14)    
Common stock $ 0 $ 0