Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 656 $ 695
Accounts receivable and contract assets, net of allowance for doubtful accounts of $17 million and $16 million, respectively 281 230
Other current assets 68 120
Total current assets 1,005 1,045
Property and equipment, at cost 229 226
Accumulated depreciation (67) (61)
Property and equipment, net 162 165
Intangible assets not subject to amortization:    
Goodwill 2,450 2,445
Trademarks 1,276 1,272
Intangible assets not subject to amortization 3,726 3,717
Intangible assets subject to amortization, net 368 382
Other assets, at cost, net of accumulated amortization 131 175
Total assets 5,392 5,484
Current liabilities:    
Deferred merchant and other payables 276 164
Accrued liabilities 145 135
Current portion of debt (note 6) 7 7
Deferred revenue 101 60
Other current liabilities 6 6
Total current liabilities 535 372
Long-term debt (note 6) 477 704
Deferred income tax liabilities 333 332
Other liabilities 299 323
Total liabilities 1,644 1,731
Equity:    
Additional paid-in capital 240 250
Accumulated other comprehensive earnings (loss), net of taxes (20) (23)
Retained earnings 166 196
Total stockholders' equity 387 424
Noncontrolling interests in equity of subsidiaries 3,361 3,329
Total equity 3,748 3,753
Commitments and contingencies (note 7)
Total liabilities and equity 5,392 5,484
Preferred Stock    
Equity:    
Preferred stock, $.01 par value. Authorized shares 50,000,000; no shares issued.
Series A    
Equity:    
Common stock value 1 1
Series B    
Equity:    
Common stock value
Series C    
Equity:    
Common stock value