CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ 168	$ 2,281
Adjustments to reconcile net income to net cash provided by operating activities:
Transaction and credit losses	817	442
Depreciation and amortization	661	616
Stock-based compensation	741	758
Deferred income taxes	(457)	(103)
Net (gains) losses on strategic investments	658	(163)
Other	322	77
Changes in assets and liabilities:
Accounts receivable	(67)	(112)
Accounts payable	(27)	41
Income taxes payable	86	20
Other assets and liabilities	(194)	(793)
Net cash provided by operating activities	2,708	3,064
Cash flows from investing activities:
Purchases of property and equipment	(366)	(468)
Proceeds from sales of property and equipment	5	1
Purchases and originations of loans receivable	(12,300)	(4,937)
Principal repayment of loans receivable	10,910	4,621
Purchases of investments	(13,151)	(20,240)
Maturities and sales of investments	11,087	18,683
Acquisitions, net of cash and restricted cash acquired	0	(469)
Funds receivable	(882)	127
Other investing activities	30	0
Net cash used in investing activities	(4,667)	(2,682)
Cash flows from financing activities:
Proceeds from issuance of common stock	86	89
Purchases of treasury stock	(2,250)	(1,523)
Tax withholdings related to net share settlements of equity awards	(275)	(940)
Borrowings under financing arrangements	3,288	0
Repayments under financing arrangements	(1,686)	0
Funds payable and amounts due to customers	1,586	3,004
Other financing activities	1	0
Net cash provided by financing activities	750	630
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(136)	(34)
Net change in cash, cash equivalents, and restricted cash	(1,345)	978
Cash, cash equivalents, and restricted cash at beginning of period	18,029	18,040
Cash, cash equivalents, and restricted cash at end of period	16,684	19,018
Supplemental cash flow disclosures:
Cash paid for interest	112	109
Cash paid for income taxes, net	444	380
The table below reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
Cash and cash equivalents	4,583	5,745
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	16,684	19,018
Short-term investments
The table below reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
Restricted cash	22	18
Funds receivable and customer accounts
The table below reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
Restricted cash	$ 12,079	$ 13,255