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, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 685 $ 695
Accounts receivable and contract assets, net of allowance for doubtful accounts of $18 million and $16 million, respectively 300 230
Other current assets 75 120
Total current assets 1,060 1,045
Property and equipment, at cost 231 226
Accumulated depreciation (72) (61)
Property and equipment, net 159 165
Intangible assets not subject to amortization:    
Goodwill 2,450 2,445
Trademarks 1,272 1,272
Intangible assets not subject to amortization 3,722 3,717
Intangible assets subject to amortization, net 355 382
Other assets, at cost, net of accumulated amortization 97 175
Total assets 5,393 5,484
Current liabilities:    
Deferred merchant and other payables 364 164
Accrued liabilities 158 135
Current portion of debt (note 6) 214 7
Deferred revenue 104 60
Other current liabilities 5 6
Total current liabilities 845 372
Long-term debt (note 6) 266 704
Deferred income tax liabilities 330 332
Other liabilities 306 323
Total liabilities 1,747 1,731
Equity:    
Additional paid-in capital 224 250
Accumulated other comprehensive earnings (loss), net of taxes (25) (23)
Retained earnings 127 196
Total stockholders' equity 327 424
Noncontrolling interests in equity of subsidiaries 3,319 3,329
Total equity 3,646 3,753
Commitments and contingencies (note 7)
Total liabilities and equity 5,393 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