Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 915 $ 672
Accounts receivable and contract assets, net of allowance for doubtful accounts of $22 million and $21 million, respectively 270 212
Other current assets 127 48
Total current assets 1,312 932
Property and equipment, net 156 154
Intangible assets not subject to amortization:    
Goodwill 2,441 2,443
Trademarks 1,267 1,266
Intangible assets not subject to amortization 3,708 3,709
Intangible assets subject to amortization, net 280 311
Other assets, at cost, net of accumulated amortization 177 118
Total assets 5,633 5,224
Current liabilities:    
Deferred merchant and other payables 360 179
Current portion of debt (note 5) 269 220
Deferred revenue 98 63
Accrued liabilities and other current liabilities 183 151
Total current liabilities 910 613
Long-term debt (note 5) 224 267
Deferred income tax liabilities 338 325
Other liabilities 343 283
Total liabilities 1,815 1,488
Equity    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued.
Additional paid-in capital 215 231
Accumulated other comprehensive earnings (loss), net of taxes (30) (29)
Retained earnings 135 133
Total stockholders' equity 321 336
Noncontrolling interests in equity of subsidiaries 3,497 3,400
Total equity 3,818 3,736
Commitments and contingencies (note 7)
Total liabilities and equity 5,633 5,224
Series A    
Equity    
Common stock value 1 1
Series B    
Equity    
Common stock value
Series C    
Equity    
Common stock value