Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,193 $ 1,090
Accounts receivable and contract assets, net of allowance for credit losses of $25 million and $21 million, respectively 253 192
Income taxes receivable 45  
Other current assets 65 42
Total current assets 1,556 1,324
Property and equipment, net 79 87
Intangible assets not subject to amortization:    
Goodwill 1,381 1,387
Trademarks 521 522
Intangible assets not subject to amortization 1,902 1,909
Intangible assets subject to amortization, net 118 116
Other assets 140 124
Total assets 3,795 3,560
Current liabilities:    
Deferred merchant and other payables 483 265
Current portion of debt, including $307 million measured at fair value as of June 30, 2024 307  
Deferred revenue 86 49
Series A Preferred Stock liability (note 6) 260  
Accrued liabilities and other current liabilities 354 262
Total current liabilities 1,490 576
Long-term debt, including $0 million and $287 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively (note 5) 895 1,180
Deferred income tax liabilities (note 7) 46 49
Financial instrument liabilities (note 4)   21
Series A Preferred Stock liability (note 6)   249
Other liabilities 162 253
Total liabilities 2,593 2,328
Equity    
Additional paid-in capital 300 307
Accumulated other comprehensive earnings (loss), net of taxes (10) (2)
Retained earnings (deficit) (741) (724)
Total stockholders' equity (450) (418)
Noncontrolling interests in equity of subsidiaries 1,652 1,650
Total equity 1,202 1,232
Commitments and contingencies (note 8)
Total liabilities and equity 3,795 3,560
Series A    
Equity    
Common stock value 1 1
Series B    
Equity    
Common stock value
Series C    
Equity    
Common stock value