CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 16,290	$ 12,107
Short-term investments (Available-for-sale debt securities: Amortized cost of $37 and $580, respectively)	37	576
Accounts receivable, net (Allowance for expected credit losses of $111 and $137, respectively)	3,814	3,253
Prepaid expenses, net	670	644
Other current assets	482	454
Total current assets	21,293	17,034
Property and equipment, net	875	784
Operating lease assets	637	705
Intangible assets, net	1,498	1,613
Goodwill	2,814	2,826
Long-term investments	468	440
Other assets, net	956	940
Total assets	28,541	24,342
Current liabilities:
Accounts payable	3,928	3,480
Accrued expenses and other current liabilities	3,900	4,635
Deferred merchant bookings	6,931	3,254
Short-term debt	3,447	1,961
Total current liabilities	18,206	13,330
Deferred income taxes	264	258
Operating lease liabilities	529	599
Long-term U.S. transition tax liability	257	515
Other long-term liabilities	200	161
Long-term debt	13,361	12,223
Total liabilities	32,817	27,086
Commitments and contingencies (see Note 13)
Stockholders' deficit:
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 64,258,892 and 64,048,000, respectively	0	0
Treasury stock: 30,622,956 and 29,650,351 shares, respectively	(44,958)	(41,426)
Additional paid-in capital	7,479	7,175
Retained earnings	33,527	31,830
Accumulated other comprehensive loss	(324)	(323)
Total stockholders' deficit	(4,276)	(2,744)
Total liabilities and stockholders' deficit	$ 28,541	$ 24,342

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.