Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 818 $ 423
Accounts receivable and contract assets, net of allowance for credit losses of $35 million and $33 million, respectively 159 83
Income taxes receivable 47 50
Other current assets 25 23
Total current assets 1,049 579
Property and equipment, net 123 132
Intangible assets not subject to amortization:    
Goodwill 2,233 2,240
Trademarks 731 732
Intangible assets not subject to amortization 2,964 2,972
Intangible assets subject to amortization, net 166 202
Other assets, at cost, net of accumulated amortization 192 201
Total assets 4,494 4,086
Current liabilities:    
Deferred merchant and other payables 188 54
Deferred revenue 49 28
Accrued liabilities and other current liabilities 207 160
Total current liabilities 444 242
Long-term debt, including $291 million measured at fair value (note 5) 1,164 532
Deferred income tax liabilities 141 180
Financial instrument liabilities (note 4) 203 14
Preferred stock liability (note 6) 203  
Other liabilities 332 339
Total liabilities 2,487 1,307
Redeemable preferred stock, $.01 par value. Authorized shares 50,000,000; issued and outstanding 187,414 shares at June 30, 2021 and 325,000 shares at December 31, 2020 (note 6) 472
Equity:    
Additional paid-in capital 290 257
Accumulated other comprehensive earnings (loss), net of taxes (17) (23)
Retained earnings (585) (278)
Total stockholders' equity (311) (43)
Noncontrolling interests in equity of subsidiaries 2,318 2,350
Total equity 2,007 2,307
Commitments and contingencies (note 8)
Total liabilities, redeemable preferred stock and equity 4,494 4,086
Series A    
Equity:    
Common stock value 1 1
Series B    
Equity:    
Common stock value
Series C    
Equity:    
Common stock value