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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents (Note 4) $ 653 $ 614
Short-term marketable securities (Note 4) 39 47
Accounts receivable, net of allowance for doubtful accounts of $6 and $6, respectively 244 180
Prepaid expenses and other current assets 28 24
Total current assets 964 865
Long-term marketable securities (Note 4) 17 37
Property and equipment, net of accumulated depreciation of $104 and $88, respectively 252 247
Intangible assets, net of accumulated amortization of $61 and $52, respectively 172 176
Goodwill 737 732
Other long-term assets 72 71
TOTAL ASSETS 2,214 2,128
Current liabilities:    
Accounts payable 15 10
Deferred merchant payables 179 105
Deferred revenue 93 64
Current portion of debt (Note 5) 1 1
Taxes payable 10 9
Accrued expenses and other current liabilities (Note 8) 134 123
Total current liabilities 432 312
Deferred income taxes, net 16 15
Other long-term liabilities 192 189
Long-term debt (Note 5) 110 200
Total Liabilities $ 750 $ 716
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0
Additional paid-in capital $ 758 $ 741
Retained earnings 853 826
Accumulated other comprehensive income (loss) (54) (63)
Treasury stock-common stock, at cost, 1,417,208 and 1,393,131 shares, respectively (93) (92)
Total Stockholders’ Equity 1,464 1,412
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,214 $ 2,128