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, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 812 $ 341
Accounts receivable and contract assets, net of allowance for doubtful accounts of $25 million and $25 million, respectively 159 183
Other current assets 56 33
Total current assets 1,027 557
Property and equipment, net 149 155
Intangible assets not subject to amortization:    
Goodwill 2,513 2,527
Trademarks 974 980
Intangible assets not subject to amortization 3,487 3,507
Intangible assets subject to amortization, net 258 277
Other assets, at cost, net of accumulated amortization 226 230
Total assets 5,147 4,726
Current liabilities:    
Deferred merchant and other payables 105 170
Deferred revenue 60 62
Accrued liabilities and other current liabilities 151 205
Total current liabilities 316 437
Long-term debt (note 5) 740 353
Deferred income tax liabilities 259 254
Other liabilities 373 381
Total liabilities 1,688 1,425
Redeemable Preferred stock, $.01 par value. Authorized shares 50,000,000; issued and outstanding 325,000 shares at March 31, 2020 and 0 at December 31, 2019 (note 6) 328
Equity    
Additional paid-in capital 242 237
Accumulated other comprehensive earnings (loss), net of taxes (35) (29)
Retained earnings 85 111
Total stockholders' equity 293 320
Noncontrolling interests in equity of subsidiaries 2,838 2,981
Total equity 3,131 3,301
Commitments and contingencies (note 8)
Total liabilities, redeemable preferred stock and equity 5,147 4,726
Series A    
Equity    
Common stock value 1 1
Series B    
Equity    
Common stock value
Series C    
Equity    
Common stock value