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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,107 $ 1,322
Short-term investments 50 29
Accounts receivable, net 113 140
Inventories 81 75
Prepaid expenses and other current assets 237 289
Total current assets 1,588 1,855
Operating lease right-of-use assets 887 820
Property and equipment, net 714 748
Other non-current assets 51 51
Total assets 3,240 3,474 Close
Current liabilities    
Accounts payable 1,055 1,234
Other current liabilities 970 949
Total current liabilities 2,025 2,183
Long-term debt 3,095 3,092
Operating lease liabilities, net of current 905 862
Other non-current liabilities 40 44
Total liabilities 6,065 6,181 Close
Commitments and contingencies (Note 5)
Stockholders’ deficit:    
Convertible preferred stock, $0.001 par value per share: 10,000,000 shares authorized and none issued at March 31, 2024 and December 31, 2023 0 0
Additional paid-in capital 1,446 1,316
Accumulated deficit (4,266) (4,018)
Accumulated other comprehensive loss (5) (5)
Total stockholders' deficit (2,825) (2,707) Close
Total liabilities and stockholders' deficit 3,240 3,474
Class A common stock    
Stockholders’ deficit:    
Common stock 0 0
Class B common stock    
Stockholders’ deficit:    
Common stock $ 0 $ 0