Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 672 $ 695
Accounts receivable and contract assets, net of allowance for doubtful accounts of $21 million and $16 million, respectively 212 230
Other current assets 48 120
Total current assets 932 1,045
Property and equipment, at cost 234 226
Accumulated depreciation (80) (61)
Property and equipment, net 154 165
Intangible assets not subject to amortization (note 6):    
Goodwill 2,443 2,445
Trademarks 1,266 1,272
Intangible assets not subject to amortization 3,709 3,717
Intangible assets subject to amortization, net (note 6) 311 382
Other assets, at cost, net of accumulated amortization 118 175
Total assets 5,224 5,484
Current liabilities:    
Deferred merchant and other payables 179 164
Accrued liabilities 144 135
Current portion of debt (note 7) 220 7
Deferred revenue 63 60
Other current liabilities 7 6
Total current liabilities 613 372
Long-term debt (note 7) 267 704
Deferred income tax liabilities (note 8) 325 332
Other liabilities 283 323
Total liabilities 1,488 1,731
Equity    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued.
Additional paid-in capital 231 250
Accumulated other comprehensive earnings (loss), net of taxes (29) (23)
Retained earnings 133 196
Total stockholders' equity 336 424
Noncontrolling interests in equity of subsidiaries 3,400 3,329
Total equity 3,736 3,753
Commitments and contingencies (note 12)
Total liabilities and equity 5,224 5,484
Series A    
Equity    
Common stock value $ 1 $ 1