CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 13,294	$ 12,221
Short-term investments (Available-for-sale debt securities: Amortized cost of $632 and $176, respectively)	624	175
Accounts receivable, net (Allowance for expected credit losses of $116 and $117, respectively)	3,447	2,229
Prepaid expenses, net	680	477
Other current assets	434	696
Total current assets	18,479	15,798
Property and equipment, net	733	669
Operating lease assets	643	645
Intangible assets, net	1,660	1,829
Goodwill	2,804	2,807
Long-term investments (Includes available-for-sale debt securities: Amortized cost of $576 at December 31, 2022)	420	2,789
Other assets, net	896	824
Total assets	25,635	25,361
Current liabilities:
Accounts payable	3,020	2,507
Accrued expenses and other current liabilities	4,182	3,244
Deferred merchant bookings	3,717	2,223
Short-term debt	1,913	500
Total current liabilities	12,832	8,474
Deferred income taxes	350	685
Operating lease liabilities	547	552
Long-term U.S. transition tax liability	515	711
Other long-term liabilities	160	172
Long-term debt	11,856	11,985
Total liabilities	26,260	22,579
Commitments and contingencies (see Note 13)
Stockholders' (deficit) equity:
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 64,032,162 and 63,780,528, respectively	0	0
Treasury stock: 28,843,826 and 25,917,558 shares, respectively	(38,944)	(30,983)
Additional paid-in capital	6,996	6,491
Retained earnings	31,608	27,541
Accumulated other comprehensive loss	(285)	(267)
Total stockholders' (deficit) equity	(625)	2,782
Total liabilities and stockholders' (deficit) equity	$ 25,635	$ 25,361

This relates to transactions where travelers purchase hotel room reservations or car rental reservations from travel service provider at price-disclosed rates. Charges are billed to the traveler at the time of booking. Merchant revenue (the difference between the selling price and the cost of the hotel room reservation or car rental reservation) and the accounts payable to the travel service provider are recognized at the conclusion of the traveler's stay at the hotel or when the traveler returns the rental car as amounts collected are generally refundable upon cancellation prior to the hotel stay or rental car pick-up.

No definition available.