Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,191 $ 1,090
Accounts receivable and contract assets, net 248 192
Income taxes receivable 44  
Other current assets 49 42
Total current assets 1,532 1,324
Property and equipment, net 83 87
Intangible assets not subject to amortization:    
Goodwill 1,380 1,387
Trademarks 521 522
Intangible assets not subject to amortization 1,901 1,909
Intangible assets subject to amortization, net 116 116
Other assets 123 124
Total assets 3,755 3,560
Current liabilities:    
Deferred merchant and other payables 413 265
Current portion of debt, including $311 million measured at fair value as of March 31, 2024 311  
Deferred revenue 82 49
Series A Preferred Stock liability (note 6) 254  
Accrued liabilities and other current liabilities 440 262
Total current liabilities 1,500 576
Long-term debt, including $287 million and $237 million measured at fair value as of December 31, 2023 and December 31, 2022, respectively (note 5) 894 1,180
Deferred income tax liabilities (note 7) 56 49
Financial instrument liabilities (note 4) 6 21
Series A Preferred Stock liability (note 6)   249
Other liabilities 180 253
Total liabilities 2,636 2,328
Equity    
Additional paid-in capital 302 307
Accumulated other comprehensive earnings (loss), net of taxes (17) (2)
Retained earnings (deficit) (790) (724)
Total stockholders' equity (504) (418)
Noncontrolling interests in equity of subsidiaries 1,623 1,650
Total equity 1,119 1,232
Commitments and contingencies (note 8)
Total liabilities and equity 3,755 3,560
Series A    
Equity    
Common stock value 1 1
Series B    
Equity    
Common stock value
Series C    
Equity    
Common stock value