v3.24.1.u1
Other Balance Sheet Information
3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Balance Sheet Information Other Balance Sheet Information
Accounts Receivable, net (in millions)
March 31,
2024
December 31,
2023
Accounts receivable$60 $57 
Unbilled receivables39 23 
Less: Allowance for credit losses(13)(11)
Accounts receivable, net$86 $69 
Our allowance for credit losses was comprised of the following (in millions):
Three Months Ended March 31,
20242023
Beginning balance$(11)$(12)
Additions(5)— 
Write offs3 3 
Ending balance$(13)$(9)

Other Current Assets (in millions)
March 31,
2024
December 31,
2023
Cash held on behalf of customers$136 $87 
Other receivables71 58 
Deferred contract acquisition costs64 60 
Prepaid expenses
33 24 
Other26 30 
$330 $259 

Accrued expenses and current liabilities (in millions)
March 31,
2024
December 31,
2023
Accrued transaction-based costs$269 $253 
Customer funds obligation136 87 
Accrued expenses74 68 
Accrued payroll and bonus35 78 
Contingent liability for expected credit losses26 29 
Accrued commissions18 25 
Operating lease liability11 11 
Other
45 41 
$614 $592