Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 341 $ 672
Accounts receivable and contract assets, net of allowance for doubtful accounts of $25 million and $21 million, respectively 183 212
Other current assets 33 48
Total current assets 557 932
Property and equipment, at cost 254 234
Accumulated depreciation (99) (80)
Property and equipment, net 155 154
Intangible assets not subject to amortization (note 6):    
Goodwill 2,527 2,443
Trademarks 980 1,266
Intangible assets not subject to amortization 3,507 3,709
Intangible assets subject to amortization, net (note 6) 277 311
Other assets, at cost, net of accumulated amortization 230 118
Total assets 4,726 5,224
Current liabilities:    
Deferred merchant and other payables 170 179
Current portion of debt (note 7)   220
Deferred revenue 62 63
Accrued liabilities and other current liabilities 205 151
Total current liabilities 437 613
Long-term debt (note 7) 353 267
Deferred income tax liabilities (note 9) 254 325
Other liabilities 381 283
Total liabilities 1,425 1,488
Equity    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued.
Additional paid-in capital 237 231
Accumulated other comprehensive earnings (loss), net of taxes (29) (29)
Retained earnings 111 133
Total stockholders' equity 320 336
Noncontrolling interests in equity of subsidiaries 2,981 3,400
Total equity 3,301 3,736
Commitments and contingencies (note 13)
Total liabilities and equity 4,726 5,224
Series A    
Equity    
Common stock value 1 1
Series B    
Equity    
Common stock value
Series C    
Equity    
Common stock value