Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.23.3
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,150 $ 1,053
Accounts receivable and contract assets, net of allowance for credit losses of $24 million and $28 million, respectively 234 205
Other current assets 43 45
Total current assets 1,427 1,303
Property and equipment, net 93 103
Intangible assets not subject to amortization:    
Goodwill (note 5) 1,375 2,200
Trademarks (note 5) 520 726
Intangible assets not subject to amortization 1,895 2,926
Intangible assets subject to amortization, net 115 112
Other assets, at cost, net of accumulated amortization 136 194
Total assets 3,666 4,638
Current liabilities:    
Deferred merchant and other payables 399 242
Deferred revenue 64 44
Accrued liabilities and other current liabilities 259 248
Total current liabilities 722 534
Long-term debt, including $271 million and $237 million measured at fair value as of September 30, 2023 and December 31, 2022, respectively (note 6) 1,162 1,125
Deferred income tax liabilities 58 120
Financial instrument liabilities (note 4) 9 30
Series A Preferred Stock liability (note 7) 244 230
Other liabilities 255 337
Total liabilities 2,450 2,376
Equity:    
Additional paid-in capital 310 287
Accumulated other comprehensive earnings (loss), net of taxes   9
Retained earnings (deficit) (694) (439)
Total stockholders' equity (383) (142)
Noncontrolling interests in equity of subsidiaries 1,599 2,404
Total equity 1,216 2,262
Commitments and contingencies (note 9)
Total liabilities and equity 3,666 4,638
Series A    
Equity:    
Common stock value 1 1
Series B    
Equity:    
Common stock value
Series C    
Equity:    
Common stock value