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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents (Note 6) $ 612 $ 614
Short-term marketable securities (Note 6) 118 47
Accounts receivable, net of allowance for doubtful accounts of $9 and $6, respectively (Note 2) 189 180
Prepaid expenses and other current assets 31 24
Total current assets 950 865
Long-term marketable securities (Note 6) 16 37
Property and equipment, net (Note 7) 260 247
Intangible assets, net (Note 8) 167 176
Goodwill (Note 8) 736 732
Deferred income taxes, net (Note 10) 42 25
Other long-term assets 67 46
TOTAL ASSETS 2,238 2,128
Current liabilities:    
Accounts payable 14 10
Deferred merchant payables (Note 2) 128 105
Deferred revenue 64 64
Current portion of debt (Note 9) [1] 80 1
Taxes payable (Note 10) 10 9
Accrued expenses and other current liabilities (Note 11) 127 123
Total current liabilities 423 312
Long-term debt (Note 9) 91 200
Deferred income taxes, net (Note 10) 12 15
Other long-term liabilities (Note 12) 210 189
Total Liabilities 736 716
Commitments and contingencies (Note 13)
Stockholders’ equity: (Note 15)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0
Additional paid-in capital 831 741
Retained earnings 945 826
Accumulated other comprehensive loss (77) (63)
Treasury stock-common stock, at cost, 3,395,487 and 1,393,131 shares (197) (92)
Total Stockholders’ Equity 1,502 1,412
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,238 $ 2,128
[1] The weighted-average interest rate on short-term debt was 2.1% as of December 31, 2016.