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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net income $ 40 $ 64
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property and equipment, including amortization of internal-use software and website development 38 33
Amortization of intangible assets 16 15
Stock-based compensation expense 47 43
Deferred tax (benefit) expense (2) (5)
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable, prepaid expenses and other assets (51) (51)
Accounts payable, accrued expenses and other liabilities 29 43
Deferred merchant payables 208 179
Income tax receivables/payables, net 5 8
Deferred revenue 25 34
Net cash provided by operating activities 355 363
Investing activities:    
Capital expenditures, including internal-use software and website development (35) (36)
Purchases of marketable securities (7) (98)
Sales of marketable securities 103 40
Maturities of marketable securities 17 17
Other investing activities, net   1
Net cash provided by (used in) investing activities 78 (76)
Financing activities:    
Repurchase of common stock (250) (12)
Proceeds from exercise of stock options 3 3
Payment of withholding taxes on net share settlements of equity awards (14) (11)
Net cash used in financing activities (167) (129)
Effect of exchange rate changes on cash and cash equivalents 9 (6)
Net increase in cash and cash equivalents 275 152
Cash and cash equivalents at beginning of period 612 614
Cash and cash equivalents at end of period 887 766
Supplemental disclosure of non-cash investing and financing activities:    
Stock-based compensation capitalized with internal-use software and website development costs 6 6
2015 Credit Facility    
Financing activities:    
Proceeds from credit facility, net of financing costs 373  
Payments to credit facility (206) $ (109)
2016 Credit Facility    
Financing activities:    
Payments to credit facility $ (73)