CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 15,775	$ 12,107
Short-term investments (Available-for-sale debt securities: Amortized cost of $580 at December 31, 2023)	0	576
Accounts receivable, net (Allowance for expected credit losses of $131 and $137, respectively)	3,649	3,253
Prepaid expenses, net	490	644
Other current assets	615	454
Total current assets	20,529	17,034
Property and equipment, net	882	784
Operating lease assets	600	705
Intangible assets, net	1,450	1,613
Goodwill	2,838	2,826
Long-term investments	500	440
Other assets, net	1,179	940
Total assets	27,978	24,342
Current liabilities:
Accounts payable	4,065	3,480
Accrued expenses and other current liabilities	5,287	4,635
Deferred merchant bookings	4,907	3,254
Short-term debt	2,419	1,961
Total current liabilities	16,678	13,330
Deferred income taxes	191	258
Operating lease liabilities	508	599
Long-term U.S. transition tax liability	257	515
Other long-term liabilities	204	161
Long-term debt	13,793	12,223
Total liabilities	31,631	27,086
Commitments and contingencies (see Note 13)
Stockholders' deficit:
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 64,265,798 and 64,048,000, respectively	0	0
Treasury stock: 31,089,462 and 29,650,351 shares, respectively	(46,734)	(41,426)
Additional paid-in capital	7,635	7,175
Retained earnings	35,749	31,830
Accumulated other comprehensive loss	(303)	(323)
Total stockholders' deficit	(3,653)	(2,744)
Total liabilities and stockholders' deficit	$ 27,978	$ 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.