bkng-20210630
Q2FALSE202112/310001075531P1YP1Y0.253300010755312021-01-012021-06-300001075531us-gaap:CommonStockMember2021-01-012021-06-300001075531bkng:A0.8SeniorNotesDueMarch2022Member2021-01-012021-06-300001075531bkng:A2.15SeniorNotesDueNovember2022Member2021-01-012021-06-300001075531bkng:A2375SeniorNotesDueSeptember2024Member2021-01-012021-06-300001075531bkng:A01SeniorNotesDueMarch2025Member2021-01-012021-06-300001075531bkng:A1.8SeniorNotesDueMarch2027Member2021-01-012021-06-300001075531bkng:A05SeniorNotesDueMarch2028Member2021-01-012021-06-30xbrli:shares00010755312021-07-28iso4217:USD00010755312021-06-3000010755312020-12-31iso4217:USDxbrli:shares0001075531bkng:AgencyRevenueMember2021-04-012021-06-300001075531bkng:AgencyRevenueMember2020-04-012020-06-300001075531bkng:AgencyRevenueMember2021-01-012021-06-300001075531bkng:AgencyRevenueMember2020-01-012020-06-300001075531bkng:MerchantRevenueMember2021-04-012021-06-300001075531bkng:MerchantRevenueMember2020-04-012020-06-300001075531bkng:MerchantRevenueMember2021-01-012021-06-300001075531bkng:MerchantRevenueMember2020-01-012020-06-300001075531bkng:AdvertisingandotherrevenuesMember2021-04-012021-06-300001075531bkng:AdvertisingandotherrevenuesMember2020-04-012020-06-300001075531bkng:AdvertisingandotherrevenuesMember2021-01-012021-06-300001075531bkng:AdvertisingandotherrevenuesMember2020-01-012020-06-3000010755312021-04-012021-06-3000010755312020-04-012020-06-3000010755312020-01-012020-06-300001075531us-gaap:CommonStockMember2021-03-310001075531us-gaap:TreasuryStockMember2021-03-310001075531us-gaap:AdditionalPaidInCapitalMember2021-03-310001075531us-gaap:RetainedEarningsMember2021-03-310001075531us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-3100010755312021-03-310001075531us-gaap:RetainedEarningsMember2021-04-012021-06-300001075531us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300001075531us-gaap:CommonStockMember2021-04-012021-06-300001075531us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300001075531us-gaap:TreasuryStockMember2021-04-012021-06-300001075531us-gaap:CommonStockMember2021-06-300001075531us-gaap:TreasuryStockMember2021-06-300001075531us-gaap:AdditionalPaidInCapitalMember2021-06-300001075531us-gaap:RetainedEarningsMember2021-06-300001075531us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300001075531us-gaap:CommonStockMember2020-12-310001075531us-gaap:TreasuryStockMember2020-12-310001075531us-gaap:AdditionalPaidInCapitalMember2020-12-310001075531us-gaap:RetainedEarningsMember2020-12-310001075531us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001075531us-gaap:RetainedEarningsMember2021-01-012021-06-300001075531us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-300001075531us-gaap:CommonStockMember2021-01-012021-06-300001075531us-gaap:AdditionalPaidInCapitalMember2021-01-012021-06-300001075531us-gaap:TreasuryStockMember2021-01-012021-06-300001075531us-gaap:CommonStockMember2020-03-310001075531us-gaap:TreasuryStockMember2020-03-310001075531us-gaap:AdditionalPaidInCapitalMember2020-03-310001075531us-gaap:RetainedEarningsMember2020-03-310001075531us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-3100010755312020-03-310001075531us-gaap:RetainedEarningsMember2020-04-012020-06-300001075531us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001075531us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300001075531us-gaap:CommonStockMember2020-04-012020-06-300001075531us-gaap:TreasuryStockMember2020-04-012020-06-300001075531us-gaap:CommonStockMember2020-06-300001075531us-gaap:TreasuryStockMember2020-06-300001075531us-gaap:AdditionalPaidInCapitalMember2020-06-300001075531us-gaap:RetainedEarningsMember2020-06-300001075531us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-3000010755312020-06-300001075531us-gaap:CommonStockMember2019-12-310001075531us-gaap:TreasuryStockMember2019-12-310001075531us-gaap:AdditionalPaidInCapitalMember2019-12-310001075531us-gaap:RetainedEarningsMember2019-12-310001075531us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-3100010755312019-12-310001075531srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2019-12-310001075531srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310001075531us-gaap:RetainedEarningsMember2020-01-012020-06-300001075531us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-300001075531us-gaap:AdditionalPaidInCapitalMember2020-01-012020-06-300001075531us-gaap:CommonStockMember2020-01-012020-06-300001075531us-gaap:TreasuryStockMember2020-01-012020-06-30bkng:investmentiso4217:EUR0001075531us-gaap:SeniorNotesMember2021-03-012021-03-310001075531us-gaap:SeniorNotesMember2021-04-012021-04-300001075531bkng:COVID19Memberus-gaap:SubsequentEventMember2021-06-012021-08-030001075531country:US2021-04-012021-06-300001075531country:NL2021-04-012021-06-300001075531bkng:OtherGeographicalAreasMember2021-04-012021-06-300001075531country:US2020-04-012020-06-300001075531country:NL2020-04-012020-06-300001075531bkng:OtherGeographicalAreasMember2020-04-012020-06-300001075531country:US2021-01-012021-06-300001075531country:NL2021-01-012021-06-300001075531bkng:OtherGeographicalAreasMember2021-01-012021-06-300001075531country:US2020-01-012020-06-300001075531country:NL2020-01-012020-06-300001075531bkng:OtherGeographicalAreasMember2020-01-012020-06-30xbrli:pure0001075531us-gaap:ProductConcentrationRiskMemberbkng:OnlineaccommodationreservationservicesMemberus-gaap:SalesRevenueNetMember2021-04-012021-06-300001075531us-gaap:ProductConcentrationRiskMemberbkng:OnlineaccommodationreservationservicesMemberus-gaap:SalesRevenueNetMember2021-01-012021-06-300001075531us-gaap:ProductConcentrationRiskMemberbkng:OnlineaccommodationreservationservicesMemberus-gaap:SalesRevenueNetMember2020-04-012020-06-300001075531us-gaap:ProductConcentrationRiskMemberbkng:OnlineaccommodationreservationservicesMemberus-gaap:SalesRevenueNetMember2020-01-012020-06-300001075531srt:MaximumMemberus-gaap:ProductConcentrationRiskMemberbkng:OthersourcesofonlinetravelreservationservicesoradvertisingandotherrevenuesMemberus-gaap:SalesRevenueNetMember2020-01-012020-06-300001075531srt:MaximumMemberus-gaap:ProductConcentrationRiskMemberbkng:OthersourcesofonlinetravelreservationservicesoradvertisingandotherrevenuesMemberus-gaap:SalesRevenueNetMember2021-01-012021-06-300001075531srt:MaximumMemberus-gaap:ProductConcentrationRiskMemberbkng:OthersourcesofonlinetravelreservationservicesoradvertisingandotherrevenuesMemberus-gaap:SalesRevenueNetMember2020-04-012020-06-300001075531srt:MaximumMemberus-gaap:ProductConcentrationRiskMemberbkng:OthersourcesofonlinetravelreservationservicesoradvertisingandotherrevenuesMemberus-gaap:SalesRevenueNetMember2021-04-012021-06-300001075531bkng:DeferredMerchantBookingsMemberbkng:OnlineTravelReservationServicesMember2021-06-300001075531bkng:DeferredMerchantBookingsMemberbkng:OnlineTravelReservationServicesMember2020-12-310001075531bkng:OnlineTravelReservationServicesMember2021-01-012021-06-300001075531bkng:LoyaltyProgramsMemberus-gaap:AccruedLiabilitiesMember2021-06-300001075531bkng:LoyaltyProgramsMemberus-gaap:AccruedLiabilitiesMember2020-12-310001075531bkng:LoyaltyProgramsMemberbkng:OpenTableMember2018-03-012018-03-310001075531bkng:LoyaltyProgramsMemberbkng:OpenTableMember2021-01-012021-06-300001075531bkng:OthercustomerincentiveprogramsMemberus-gaap:AccruedLiabilitiesMember2021-06-300001075531bkng:OthercustomerincentiveprogramsMemberus-gaap:AccruedLiabilitiesMember2020-12-310001075531us-gaap:PerformanceSharesMember2020-01-012020-03-310001075531us-gaap:PerformanceSharesMemberbkng:PerformanceShareUnits2018GrantsMember2020-04-012020-06-300001075531bkng:ExecutiveOfficersMemberbkng:PerformanceShareUnits2018And2019GrantsMemberus-gaap:PerformanceSharesMember2021-01-012021-03-310001075531bkng:AwardsOtherThanOptionsMember2021-06-300001075531bkng:AwardsOtherThanOptionsMember2021-01-012021-06-300001075531us-gaap:EmployeeStockOptionMember2021-06-300001075531us-gaap:EmployeeStockOptionMember2021-01-012021-06-300001075531us-gaap:RestrictedStockUnitsRSUMembersrt:MinimumMember2021-01-012021-06-300001075531srt:MaximumMemberus-gaap:RestrictedStockUnitsRSUMember2021-01-012021-06-300001075531us-gaap:RestrictedStockUnitsRSUMember2020-12-310001075531us-gaap:RestrictedStockUnitsRSUMember2021-01-012021-06-300001075531us-gaap:RestrictedStockUnitsRSUMember2021-06-300001075531us-gaap:PerformanceSharesMember2021-01-012021-06-300001075531bkng:CertainPerformanceShareUnits2021GrantsMemberus-gaap:PerformanceSharesMembersrt:MinimumMember2021-01-012021-06-300001075531bkng:CertainPerformanceShareUnits2021GrantsMemberus-gaap:PerformanceSharesMember2021-01-012021-06-300001075531us-gaap:PerformanceSharesMember2020-12-310001075531us-gaap:PerformanceSharesMember2021-06-300001075531bkng:PerformanceSharesSharesProbableToBeIssuedMemberus-gaap:PerformanceSharesMemberbkng:PerformanceShareUnits2021GrantsMember2021-06-300001075531bkng:PerformanceSharesSharesProbableToBeIssuedMemberus-gaap:PerformanceSharesMemberbkng:PerformanceShareUnits2020GrantsMember2021-06-300001075531bkng:PerformanceSharesSharesProbableToBeIssuedMemberus-gaap:PerformanceSharesMemberbkng:PerformanceShareUnits2019GrantsMember2021-06-300001075531bkng:SharesnotsubjecttoachieveminimumperformancethresholdMemberus-gaap:PerformanceSharesMemberbkng:PerformanceShareUnits2021GrantsMember2021-06-300001075531bkng:SharesnotsubjecttoachieveminimumperformancethresholdMemberus-gaap:PerformanceSharesMemberbkng:PerformanceShareUnits2020GrantsMember2021-06-300001075531bkng:SharesnotsubjecttoachieveminimumperformancethresholdMemberus-gaap:PerformanceSharesMemberbkng:PerformanceShareUnits2019GrantsMember2021-06-300001075531bkng:MaximumnumberofsharesthatcouldbeissuedMemberus-gaap:PerformanceSharesMemberbkng:PerformanceShareUnits2021GrantsMember2021-06-300001075531bkng:MaximumnumberofsharesthatcouldbeissuedMemberus-gaap:PerformanceSharesMemberbkng:PerformanceShareUnits2020GrantsMember2021-06-300001075531bkng:MaximumnumberofsharesthatcouldbeissuedMemberus-gaap:PerformanceSharesMemberbkng:PerformanceShareUnits2019GrantsMember2021-06-300001075531bkng:ExecutiveOfficersMember2020-01-012020-06-300001075531us-gaap:EmployeeStockOptionMember2020-12-310001075531us-gaap:EmployeeStockOptionMember2020-01-012020-12-310001075531us-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:ShortTermInvestmentsMember2021-06-300001075531bkng:LongtermInvestmentsMemberbkng:DebtsecuritiesprivatecompaniesMember2021-06-300001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMember2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMember2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:EquitySecuritiesMember2021-06-300001075531bkng:LongtermInvestmentsMember2021-06-300001075531us-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:ShortTermInvestmentsMember2020-12-310001075531bkng:LongtermInvestmentsMemberbkng:DebtsecuritiesprivatecompaniesMember2020-12-310001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMember2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMember2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:EquitySecuritiesMember2020-12-310001075531bkng:LongtermInvestmentsMember2020-12-310001075531bkng:GovernmentAndCorporateDebtSecuritiesMemberMember2020-01-012020-06-300001075531bkng:Trip.comGroupMemberus-gaap:ConvertibleDebtSecuritiesMember2021-06-300001075531bkng:Trip.comGroupMember2020-06-300001075531bkng:Trip.comGroupMember2020-01-012020-06-300001075531bkng:Trip.comGroupMember2020-04-012020-06-300001075531bkng:MeituanDianpingMember2017-01-012017-12-310001075531bkng:LongtermInvestmentsMemberbkng:MeituanDianpingMember2021-06-300001075531bkng:LongtermInvestmentsMemberbkng:MeituanDianpingMember2020-12-310001075531bkng:MeituanDianpingMember2021-04-012021-06-300001075531bkng:MeituanDianpingMember2021-01-012021-06-300001075531bkng:MeituanDianpingMember2020-04-012020-06-300001075531bkng:MeituanDianpingMember2020-01-012020-06-300001075531bkng:MeituanDianpingMemberus-gaap:SubsequentEventMember2021-08-030001075531bkng:DiDiGlobalIncMember2018-01-012018-12-310001075531bkng:LongtermInvestmentsMemberbkng:DiDiGlobalIncMember2021-06-300001075531bkng:DiDiGlobalIncMember2021-04-012021-06-300001075531bkng:DiDiGlobalIncMember2021-01-012021-06-300001075531bkng:DiDiGlobalIncMemberus-gaap:SubsequentEventMember2021-08-030001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMemberbkng:DiDiGlobalIncMember2020-01-012020-03-310001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMemberbkng:DiDiGlobalIncMember2020-12-310001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMemberbkng:DiDiGlobalIncMember2020-03-310001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMemberbkng:DiDiGlobalIncMember2021-03-310001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMemberbkng:YanoljaCoLtdMember2021-06-300001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMemberbkng:YanoljaCoLtdMember2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:RedeemableConvertiblePreferredStockMemberbkng:GrabMember2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:RedeemableConvertiblePreferredStockMemberbkng:GrabMember2020-12-310001075531bkng:DiDiGlobalIncMember2021-06-300001075531us-gaap:MoneyMarketFundsMemberus-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300001075531us-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300001075531us-gaap:MoneyMarketFundsMemberus-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300001075531us-gaap:MoneyMarketFundsMemberus-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300001075531us-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:BankTimeDepositsMember2021-06-300001075531us-gaap:FairValueInputsLevel2Memberus-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:BankTimeDepositsMember2021-06-300001075531us-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:BankTimeDepositsMember2021-06-300001075531us-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:BankTimeDepositsMember2021-06-300001075531us-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:ShortTermInvestmentsMember2021-06-300001075531us-gaap:FairValueInputsLevel2Memberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMember2021-06-300001075531us-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ShortTermInvestmentsMember2021-06-300001075531us-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMember2021-06-300001075531bkng:LongtermInvestmentsMemberbkng:DebtsecuritiesprivatecompaniesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:FairValueInputsLevel2Memberbkng:DebtsecuritiesprivatecompaniesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300001075531bkng:LongtermInvestmentsMemberbkng:DebtsecuritiesprivatecompaniesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300001075531bkng:LongtermInvestmentsMemberbkng:DebtsecuritiesprivatecompaniesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300001075531us-gaap:ForwardContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel1Member2021-06-300001075531us-gaap:FairValueInputsLevel2Memberus-gaap:ForwardContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2021-06-300001075531us-gaap:ForwardContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:NondesignatedMember2021-06-300001075531us-gaap:ForwardContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2021-06-300001075531us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300001075531us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300001075531us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300001075531us-gaap:FairValueMeasurementsRecurringMember2021-06-300001075531us-gaap:MoneyMarketFundsMemberus-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310001075531us-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001075531us-gaap:MoneyMarketFundsMemberus-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310001075531us-gaap:MoneyMarketFundsMemberus-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001075531us-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:BankTimeDepositsMember2020-12-310001075531us-gaap:FairValueInputsLevel2Memberus-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:BankTimeDepositsMember2020-12-310001075531us-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:BankTimeDepositsMember2020-12-310001075531us-gaap:CashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:BankTimeDepositsMember2020-12-310001075531us-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:ShortTermInvestmentsMember2020-12-310001075531us-gaap:FairValueInputsLevel2Memberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMember2020-12-310001075531us-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ShortTermInvestmentsMember2020-12-310001075531us-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMember2020-12-310001075531bkng:LongtermInvestmentsMemberbkng:DebtsecuritiesprivatecompaniesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:FairValueInputsLevel2Memberbkng:DebtsecuritiesprivatecompaniesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001075531bkng:LongtermInvestmentsMemberbkng:DebtsecuritiesprivatecompaniesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310001075531bkng:LongtermInvestmentsMemberbkng:DebtsecuritiesprivatecompaniesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:ConvertibleDebtSecuritiesMemberbkng:Trip.comGroupMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001075531us-gaap:ForwardContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel1Member2020-12-310001075531us-gaap:FairValueInputsLevel2Memberus-gaap:ForwardContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2020-12-310001075531us-gaap:ForwardContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:NondesignatedMember2020-12-310001075531us-gaap:ForwardContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2020-12-310001075531us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310001075531us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001075531us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310001075531us-gaap:FairValueMeasurementsRecurringMember2020-12-310001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310001075531bkng:LongtermInvestmentsMemberus-gaap:FairValueInputsLevel2Memberbkng:EquitySecuritiesPrivateCompaniesMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001075531us-gaap:FairValueMeasurementsNonrecurringMemberbkng:OpenTableAndKAYAKMemberus-gaap:GoodwillMemberus-gaap:FairValueInputsLevel1Member2020-12-310001075531us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberbkng:OpenTableAndKAYAKMemberus-gaap:GoodwillMember2020-12-310001075531us-gaap:FairValueMeasurementsNonrecurringMemberbkng:OpenTableAndKAYAKMemberus-gaap:FairValueInputsLevel3Memberus-gaap:GoodwillMember2020-12-310001075531us-gaap:FairValueMeasurementsNonrecurringMemberbkng:OpenTableAndKAYAKMemberus-gaap:GoodwillMember2020-12-310001075531us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310001075531us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001075531us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310001075531us-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001075531bkng:LongtermInvestmentsMemberbkng:EquitySecuritiesPrivateCompaniesMemberus-gaap:FairValueMeasurementsNonrecurringMemberbkng:DiDiGlobalIncMember2020-03-310001075531bkng:OpenTableAndKAYAKMember2020-03-310001075531bkng:OpenTableAndKAYAKMember2020-01-012020-03-310001075531bkng:OpenTableAndKAYAKMember2020-09-300001075531bkng:OpenTableAndKAYAKMember2020-07-012020-09-300001075531us-gaap:DebtSecuritiesMember2020-12-310001075531us-gaap:DebtSecuritiesMember2019-12-310001075531us-gaap:DebtSecuritiesMember2021-01-012021-06-300001075531us-gaap:DebtSecuritiesMember2020-01-012020-06-300001075531us-gaap:DebtSecuritiesMember2021-06-300001075531us-gaap:DebtSecuritiesMember2020-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:RedeemableConvertiblePreferredStockMemberbkng:GrabMember2020-01-012020-03-310001075531bkng:LongtermInvestmentsMemberus-gaap:RedeemableConvertiblePreferredStockMemberbkng:GrabMember2020-04-012020-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:FairValueInputsLevel3Memberbkng:GrabMember2021-06-300001075531bkng:LongtermInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:FairValueInputsLevel3Memberbkng:GrabMember2020-12-310001075531us-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:MarketApproachValuationTechniqueMemberbkng:RelativeWeightingMemberbkng:GrabMember2021-06-300001075531us-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:IncomeApproachValuationTechniqueMemberbkng:RelativeWeightingMemberbkng:GrabMember2021-06-300001075531us-gaap:MeasurementInputPriceVolatilityMemberus-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:MarketApproachValuationTechniqueMemberbkng:GrabMember2021-06-300001075531us-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:MarketApproachValuationTechniqueMemberbkng:GrabMember2021-01-012021-06-300001075531us-gaap:MeasurementInputDiscountRateMemberus-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMemberbkng:GrabMember2021-06-300001075531srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:IncomeApproachValuationTechniqueMemberbkng:GrabMember2021-06-300001075531us-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMemberbkng:GrabMember2021-06-300001075531srt:MaximumMemberus-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:IncomeApproachValuationTechniqueMemberbkng:GrabMember2021-06-300001075531us-gaap:MeasurementInputPriceVolatilityMemberus-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMemberbkng:GrabMember2021-06-300001075531srt:MaximumMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:IncomeApproachValuationTechniqueMemberbkng:GrabMember2021-06-300001075531us-gaap:RedeemableConvertiblePreferredStockMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:IncomeApproachValuationTechniqueMemberbkng:GrabMember2021-01-012021-06-300001075531bkng:ForeigncurrencypurchasesMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2021-06-300001075531bkng:ForeigncurrencypurchasesMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2020-12-310001075531bkng:ForeigncurrencysalesMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2021-06-300001075531bkng:ForeigncurrencysalesMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2020-12-310001075531us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:TreasuryLockMember2021-03-310001075531us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:TreasuryLockMember2021-01-012021-03-310001075531us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:TreasuryLockMember2021-04-012021-04-300001075531us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2021-06-300001075531us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2020-12-310001075531us-gaap:OtherNoncurrentAssetsMember2021-06-300001075531us-gaap:OtherNoncurrentAssetsMember2020-12-310001075531bkng:RevenueMember2021-01-012021-06-300001075531bkng:RevenueMember2020-01-012020-06-300001075531us-gaap:DistributionRightsMember2021-06-300001075531us-gaap:DistributionRightsMember2020-12-310001075531us-gaap:DistributionRightsMembersrt:MinimumMember2021-01-012021-06-300001075531srt:MaximumMemberus-gaap:DistributionRightsMember2021-01-012021-06-300001075531us-gaap:TechnologyBasedIntangibleAssetsMember2021-06-300001075531us-gaap:TechnologyBasedIntangibleAssetsMember2020-12-310001075531us-gaap:TechnologyBasedIntangibleAssetsMembersrt:MinimumMember2021-01-012021-06-300001075531us-gaap:TechnologyBasedIntangibleAssetsMembersrt:MaximumMember2021-01-012021-06-300001075531us-gaap:InternetDomainNamesMember2021-06-300001075531us-gaap:InternetDomainNamesMember2020-12-310001075531us-gaap:InternetDomainNamesMembersrt:MinimumMember2021-01-012021-06-300001075531srt:MaximumMemberus-gaap:InternetDomainNamesMember2021-01-012021-06-300001075531us-gaap:TradeNamesMember2021-06-300001075531us-gaap:TradeNamesMember2020-12-310001075531us-gaap:TradeNamesMembersrt:MinimumMember2021-01-012021-06-300001075531us-gaap:TradeNamesMembersrt:MaximumMember2021-01-012021-06-300001075531us-gaap:OtherIntangibleAssetsMember2021-06-300001075531us-gaap:OtherIntangibleAssetsMember2020-12-310001075531srt:MaximumMemberus-gaap:OtherIntangibleAssetsMember2021-01-012021-06-300001075531us-gaap:RevolvingCreditFacilityMember2019-08-310001075531us-gaap:RevolvingCreditFacilityMember2019-08-012019-08-310001075531bkng:Rate1Memberus-gaap:LondonInterbankOfferedRateLIBORMembersrt:MinimumMemberus-gaap:RevolvingCreditFacilityMember2019-08-012019-08-310001075531srt:MaximumMemberbkng:Rate1Memberus-gaap:LondonInterbankOfferedRateLIBORMemberus-gaap:RevolvingCreditFacilityMember2019-08-012019-08-310001075531bkng:Rate2BMemberus-gaap:FederalFundsPurchasedMemberus-gaap:RevolvingCreditFacilityMember2019-08-012019-08-310001075531bkng:OneMonthLiborMemberbkng:Rate2CMembersrt:MinimumMemberus-gaap:RevolvingCreditFacilityMember2019-08-012019-08-310001075531bkng:OneMonthLiborMemberbkng:Rate2CMemberus-gaap:RevolvingCreditFacilityMember2019-08-012019-08-310001075531bkng:Rate2CMembersrt:MinimumMemberus-gaap:RevolvingCreditFacilityMember2019-08-012019-08-310001075531srt:MaximumMemberbkng:Rate2CMemberus-gaap:RevolvingCreditFacilityMember2019-08-012019-08-310001075531srt:MinimumMemberus-gaap:RevolvingCreditFacilityMember2019-08-012019-08-310001075531srt:MaximumMemberus-gaap:RevolvingCreditFacilityMember2019-08-012019-08-310001075531us-gaap:LetterOfCreditMember2019-08-310001075531bkng:SwinglineLoansMember2019-08-310001075531us-gaap:RevolvingCreditFacilityMember2020-12-310001075531us-gaap:RevolvingCreditFacilityMember2021-06-300001075531us-gaap:LetterOfCreditMember2020-12-310001075531us-gaap:LetterOfCreditMember2021-06-300001075531us-gaap:ConvertibleDebtMemberbkng:A0.9SeniorConvertibleNotesDueSeptember2021Member2021-06-300001075531bkng:A0.8SeniorNotesDueMarch2022Memberus-gaap:SeniorNotesMember2021-06-300001075531bkng:LongTermDebtCurrentMember2021-06-300001075531us-gaap:SeniorNotesMemberbkng:A2.15SeniorNotesDueNovember2022Member2021-06-300001075531us-gaap:SeniorNotesMemberbkng:A2.75SeniorNotesDueMarch2023Member2021-06-300001075531bkng:A2375SeniorNotesDueSeptember2024Memberus-gaap:SeniorNotesMember2021-06-300001075531us-gaap:SeniorNotesMemberbkng:A3.65SeniorNotesDueMarch2025Member2021-06-300001075531bkng:A01SeniorNotesDueMarch2025Memberus-gaap:SeniorNotesMember2021-06-300001075531us-gaap:ConvertibleDebtMemberbkng:A075SeniorConvertibleNotesDueMay2025Member2021-06-300001075531us-gaap:SeniorNotesMemberbkng:A3.6SeniorNotesDueJune2026Member2021-06-300001075531bkng:A1.8SeniorNotesDueMarch2027Memberus-gaap:SeniorNotesMember2021-06-300001075531bkng:A3.55SeniorNotesDueMarch2028Memberus-gaap:SeniorNotesMember2021-06-300001075531bkng:A05SeniorNotesDueMarch2028Memberus-gaap:SeniorNotesMember2021-06-300001075531us-gaap:SeniorNotesMemberbkng:A4.625SeniorNotesDueApril2030Member2021-06-300001075531bkng:LongTermDebtNoncurrentMember2021-06-300001075531us-gaap:ConvertibleDebtMemberbkng:A0.9SeniorConvertibleNotesDueSeptember2021Member2020-12-310001075531us-gaap:SeniorNotesMemberbkng:A0.8SeniorNotesDueMarch2022Member2020-12-310001075531us-gaap:SeniorNotesMemberbkng:A2.15SeniorNotesDueNovember2022Member2020-12-310001075531us-gaap:SeniorNotesMemberbkng:A2.75SeniorNotesDueMarch2023Member2020-12-310001075531bkng:A2375SeniorNotesDueSeptember2024Memberus-gaap:SeniorNotesMember2020-12-310001075531us-gaap:SeniorNotesMemberbkng:A3.65SeniorNotesDueMarch2025Member2020-12-310001075531us-gaap:SeniorNotesMemberbkng:A41SeniorNotesDueApril2025Member2020-12-310001075531us-gaap:ConvertibleDebtMemberbkng:A075SeniorConvertibleNotesDueMay2025Member2020-12-310001075531us-gaap:SeniorNotesMemberbkng:A3.6SeniorNotesDueJune2026Member2020-12-310001075531bkng:A1.8SeniorNotesDueMarch2027Memberus-gaap:SeniorNotesMember2020-12-310001075531us-gaap:SeniorNotesMemberbkng:A4.5SeniorNotesDueApril2027Member2020-12-310001075531bkng:A3.55SeniorNotesDueMarch2028Memberus-gaap:SeniorNotesMember2020-12-310001075531us-gaap:SeniorNotesMemberbkng:A4.625SeniorNotesDueApril2030Member2020-12-310001075531bkng:LongTermDebtNoncurrentMember2020-12-310001075531us-gaap:FairValueInputsLevel2Member2021-06-300001075531us-gaap:FairValueInputsLevel2Member2020-12-310001075531us-gaap:ConvertibleDebtMemberbkng:A075SeniorConvertibleNotesDueMay2025Member2020-04-300001075531us-gaap:ConvertibleDebtMemberbkng:A075SeniorConvertibleNotesDueMay2025Member2020-01-012020-12-31bkng:day0001075531us-gaap:ConvertibleDebtMembersrt:MinimumMemberbkng:A075SeniorConvertibleNotesDueMay2025Member2020-04-012020-04-300001075531srt:MaximumMemberus-gaap:ConvertibleDebtMemberbkng:A075SeniorConvertibleNotesDueMay2025Member2020-04-012020-04-300001075531us-gaap:ConvertibleDebtMemberbkng:A075SeniorConvertibleNotesDueMay2025Member2020-04-012020-04-300001075531us-gaap:ConvertibleDebtMemberbkng:A075SeniorConvertibleNotesDueMay2025Member2021-01-012021-06-300001075531us-gaap:ConvertibleDebtMemberbkng:A0.9SeniorConvertibleNotesDueSeptember2021Member2014-08-310001075531us-gaap:ConvertibleDebtMemberbkng:A0.9SeniorConvertibleNotesDueSeptember2021Member2014-01-012014-12-310001075531us-gaap:ConvertibleDebtMemberbkng:A0.9SeniorConvertibleNotesDueSeptember2021Membersrt:MinimumMember2014-08-012014-08-310001075531srt:MaximumMemberus-gaap:ConvertibleDebtMemberbkng:A0.9SeniorConvertibleNotesDueSeptember2021Member2014-08-012014-08-310001075531us-gaap:ConvertibleDebtMemberbkng:A0.9SeniorConvertibleNotesDueSeptember2021Member2014-08-012014-08-310001075531us-gaap:ConvertibleDebtMemberbkng:A0.9SeniorConvertibleNotesDueSeptember2021Member2021-01-012021-06-300001075531bkng:A0.35SeniorConvertibleNotesDueJune2020Memberus-gaap:ConvertibleDebtMember2013-05-310001075531bkng:A0.35SeniorConvertibleNotesDueJune2020Memberus-gaap:ConvertibleDebtMember2020-06-012020-06-300001075531us-gaap:ConvertibleDebtMember2021-04-012021-06-300001075531us-gaap:ConvertibleDebtMember2020-04-012020-06-300001075531us-gaap:ConvertibleDebtMember2021-01-012021-06-300001075531us-gaap:ConvertibleDebtMember2020-01-012020-06-300001075531bkng:A01SeniorNotesDueMarch2025Memberus-gaap:SeniorNotesMember2021-03-310001075531bkng:A05SeniorNotesDueMarch2028Memberus-gaap:SeniorNotesMember2021-03-310001075531us-gaap:SeniorNotesMemberbkng:A41SeniorNotesDueApril2025Member2021-04-012021-04-300001075531us-gaap:SeniorNotesMemberbkng:A4.5SeniorNotesDueApril2027Member2021-04-012021-04-300001075531bkng:A41SeniorNotesDueApril2025And41SeniorNotesDueApril2027Memberus-gaap:SeniorNotesMember2021-01-012021-06-300001075531bkng:A41SeniorNotesDueApril2025And41SeniorNotesDueApril2027Memberus-gaap:SeniorNotesMember2021-04-012021-06-300001075531us-gaap:SeniorNotesMember2021-06-300001075531us-gaap:SeniorNotesMember2020-12-310001075531us-gaap:SeniorNotesMemberbkng:A0.8SeniorNotesDueMarch2022Member2017-03-310001075531us-gaap:SeniorNotesMemberbkng:A2.15SeniorNotesDueNovember2022Member2015-11-300001075531us-gaap:SeniorNotesMemberbkng:A2.75SeniorNotesDueMarch2023Member2017-08-310001075531bkng:A2375SeniorNotesDueSeptember2024Memberus-gaap:SeniorNotesMember2014-09-300001075531us-gaap:SeniorNotesMemberbkng:A3.65SeniorNotesDueMarch2025Member2015-03-310001075531us-gaap:SeniorNotesMemberbkng:A3.6SeniorNotesDueJune2026Member2016-05-310001075531bkng:A1.8SeniorNotesDueMarch2027Memberus-gaap:SeniorNotesMember2015-03-310001075531bkng:A3.55SeniorNotesDueMarch2028Memberus-gaap:SeniorNotesMember2017-08-310001075531us-gaap:SeniorNotesMemberbkng:A4.625SeniorNotesDueApril2030Member2020-04-300001075531us-gaap:SeniorNotesMember2021-04-012021-06-300001075531us-gaap:SeniorNotesMember2020-04-012020-06-300001075531us-gaap:SeniorNotesMember2021-01-012021-06-300001075531us-gaap:SeniorNotesMember2020-01-012020-06-300001075531us-gaap:DesignatedAsHedgingInstrumentMemberbkng:EuroDenominatedDebtMembersrt:MinimumMember2021-01-012021-06-300001075531srt:MaximumMemberus-gaap:DesignatedAsHedgingInstrumentMemberbkng:EuroDenominatedDebtMember2021-01-012021-06-300001075531us-gaap:DesignatedAsHedgingInstrumentMemberbkng:EuroDenominatedDebtMembersrt:MinimumMember2020-01-012020-06-300001075531srt:MaximumMemberus-gaap:DesignatedAsHedgingInstrumentMemberbkng:EuroDenominatedDebtMember2020-01-012020-06-300001075531bkng:A2019ShareRepurchaseProgramMember2021-06-300001075531bkng:A2019ShareRepurchaseProgramMember2020-12-310001075531bkng:A2019ShareRepurchaseProgramMember2019-12-310001075531bkng:CommonStockRepurchaseProgramMember2021-04-012021-06-300001075531bkng:CommonStockRepurchaseProgramMember2020-04-012020-06-300001075531bkng:CommonStockRepurchaseProgramMember2021-01-012021-06-300001075531bkng:CommonStockRepurchaseProgramMember2020-01-012020-06-300001075531us-gaap:TaxAndCustomsAdministrationNetherlandsMember2021-01-012021-06-300001075531us-gaap:TaxAndCustomsAdministrationNetherlandsMember2020-01-012020-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentForeignCurrencyTranslationMember2021-03-310001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentNetInvestmentHedgesMember2021-03-310001075531us-gaap:AccumulatedTranslationAdjustmentMember2021-03-310001075531us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-03-310001075531us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-03-310001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentForeignCurrencyTranslationMember2021-04-012021-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentNetInvestmentHedgesMember2021-04-012021-06-300001075531us-gaap:AccumulatedTranslationAdjustmentMember2021-04-012021-06-300001075531us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-04-012021-06-300001075531us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-04-012021-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentForeignCurrencyTranslationMember2021-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentNetInvestmentHedgesMember2021-06-300001075531us-gaap:AccumulatedTranslationAdjustmentMember2021-06-300001075531us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-06-300001075531us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentForeignCurrencyTranslationMember2020-12-310001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentNetInvestmentHedgesMember2020-12-310001075531us-gaap:AccumulatedTranslationAdjustmentMember2020-12-310001075531us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-12-310001075531us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-310001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentForeignCurrencyTranslationMember2021-01-012021-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentNetInvestmentHedgesMember2021-01-012021-06-300001075531us-gaap:AccumulatedTranslationAdjustmentMember2021-01-012021-06-300001075531us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-01-012021-06-300001075531us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentForeignCurrencyTranslationMember2020-03-310001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentNetInvestmentHedgesMember2020-03-310001075531us-gaap:AccumulatedTranslationAdjustmentMember2020-03-310001075531us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-03-310001075531us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-03-310001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentForeignCurrencyTranslationMember2020-04-012020-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentNetInvestmentHedgesMember2020-04-012020-06-300001075531us-gaap:AccumulatedTranslationAdjustmentMember2020-04-012020-06-300001075531us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-04-012020-06-300001075531us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-04-012020-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentForeignCurrencyTranslationMember2020-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentNetInvestmentHedgesMember2020-06-300001075531us-gaap:AccumulatedTranslationAdjustmentMember2020-06-300001075531us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-06-300001075531us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentForeignCurrencyTranslationMember2019-12-310001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentNetInvestmentHedgesMember2019-12-310001075531us-gaap:AccumulatedTranslationAdjustmentMember2019-12-310001075531us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-12-310001075531us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentForeignCurrencyTranslationMember2020-01-012020-06-300001075531bkng:AccumulatedForeignCurrencyAdjustmentAttributableToParentNetInvestmentHedgesMember2020-01-012020-06-300001075531us-gaap:AccumulatedTranslationAdjustmentMember2020-01-012020-06-300001075531us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-012020-06-300001075531us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-06-300001075531us-gaap:ForeignExchangeForwardMemberus-gaap:AccumulatedTranslationAdjustmentMemberus-gaap:NetInvestmentHedgingMember2021-06-300001075531us-gaap:ForeignExchangeForwardMemberus-gaap:AccumulatedTranslationAdjustmentMemberus-gaap:NetInvestmentHedgingMember2020-03-310001075531us-gaap:ForeignExchangeForwardMemberus-gaap:AccumulatedTranslationAdjustmentMemberus-gaap:NetInvestmentHedgingMember2020-06-300001075531us-gaap:ForeignExchangeForwardMemberus-gaap:AccumulatedTranslationAdjustmentMemberus-gaap:NetInvestmentHedgingMember2021-03-310001075531us-gaap:ForeignExchangeForwardMemberus-gaap:AccumulatedTranslationAdjustmentMemberus-gaap:NetInvestmentHedgingMember2019-12-310001075531us-gaap:ForeignExchangeForwardMemberus-gaap:AccumulatedTranslationAdjustmentMemberus-gaap:NetInvestmentHedgingMember2020-12-310001075531us-gaap:ConvertibleDebtSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberbkng:TripcomGroupNoteDue2020Member2020-04-012020-06-300001075531us-gaap:ConvertibleDebtSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberbkng:TripcomGroupNoteDue2020Member2020-01-012020-06-300001075531us-gaap:ConvertibleDebtSecuritiesMemberbkng:TripcomGroupNoteDue2020Member2020-05-310001075531bkng:PotentialFineUnderContractualParityAgreementMember2021-06-300001075531bkng:PotentialFineUnderContractualParityAgreementMember2020-12-310001075531bkng:TaxYears2006Through2012Memberbkng:FrenchTaxAuditMember2015-12-012015-12-310001075531bkng:FrenchTaxAuditMemberus-gaap:TaxYear2013Member2019-12-012019-12-310001075531bkng:AssessmenttransfertaxesMemberbkng:TaxYears2011Through2015Member2019-12-012019-12-310001075531bkng:TaxYears2006Through2012Memberbkng:FrenchTaxAuditMember2019-01-012019-01-310001075531bkng:FrenchTaxAuditMember2020-12-310001075531bkng:FrenchTaxAuditMember2021-06-300001075531bkng:ItalianTaxAuditMemberus-gaap:TaxYear2013Member2018-12-012018-12-310001075531bkng:ItalianTaxAuditMemberus-gaap:TaxYear2014Member2019-12-012019-12-310001075531us-gaap:TaxYear2015Memberbkng:ItalianTaxAuditMember2021-03-012021-03-310001075531bkng:ItalianTaxAuditMemberbkng:TaxYears2013And2014Member2020-12-310001075531bkng:ItalianTaxAuditMember2021-01-012021-06-300001075531bkng:ItalianTaxAuditMemberus-gaap:TaxYear2013Member2019-12-012019-12-310001075531bkng:ItalianTaxAuditMemberus-gaap:OtherNoncurrentAssetsMember2020-12-310001075531bkng:ItalianTaxAuditMemberus-gaap:OtherNoncurrentAssetsMember2021-06-300001075531bkng:TaxYears2013Through2019Memberbkng:ItalianTaxAuditMember2021-06-012021-06-30iso4217:TRY0001075531bkng:TurkishTaxAuditMember2021-01-012021-06-300001075531bkng:TravelTransactionRelatedTaxesMember2021-06-300001075531bkng:TravelTransactionRelatedTaxesMember2020-12-310001075531bkng:PensionrelatedlitigationMember2021-06-300001075531srt:MaximumMemberus-gaap:UnfavorableRegulatoryActionMember2021-06-300001075531bkng:Booking.comMemberbkng:HeadquartersMember2016-09-300001075531bkng:Booking.comMemberbkng:HeadquartersMember2016-09-012016-09-300001075531bkng:Booking.comMemberbkng:HeadquartersMember2021-06-300001075531bkng:Booking.comMemberbkng:GroundLeaseMemberbkng:HeadquartersMember2021-06-300001075531bkng:Booking.comMemberbkng:VendorsUsedToFitOutAndFurnishOfficeSpaceMemberbkng:HeadquartersMember2021-06-300001075531bkng:Rentalcars.comMemberbkng:HeadquartersMemberbkng:ManchesterEnglandMember2021-06-30iso4217:GBP0001075531bkng:OperatingLeaseObligationsMemberbkng:Rentalcars.comMemberbkng:HeadquartersMemberbkng:ManchesterEnglandMember2021-06-300001075531bkng:ItalianTaxAuditMember2021-06-30bkng:country0001075531srt:MinimumMember2020-12-310001075531us-gaap:AccruedLiabilitiesMember2021-06-300001075531us-gaap:AccruedLiabilitiesMember2020-12-310001075531bkng:COVID19Member2020-01-012021-03-310001075531bkng:COVID19Member2021-03-310001075531bkng:COVID19Member2021-01-012021-06-300001075531bkng:COVID19Member2021-04-012021-06-300001075531bkng:COVID19Member2021-06-012021-06-300001075531bkng:COVID19Member2021-06-300001075531bkng:COVID19Memberus-gaap:SubsequentEventMember2021-07-012021-08-030001075531bkng:COVID19Member2020-04-012020-06-300001075531bkng:COVID19Member2020-01-012020-06-300001075531us-gaap:TaxAndCustomsAdministrationNetherlandsMember2021-06-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 
For the quarterly period ended June 30, 2021
OR
         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 
For the transition period from to
Commission File Number: 1-36691
Booking Holdings Inc.
(Exact name of registrant as specified in its charter) 
Delaware06-1528493
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
800 Connecticut Avenue
Norwalk, Connecticut 06854
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 299-8000
Former name, former address and former fiscal year, if changed, since last report: N/A
 _____________________________________________________________________________________________
 Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class: Trading Symbol(s)Name of each exchange on which registered:
Common Stock par value $0.008 per share BKNGThe NASDAQ Global Select Market
0.800% Senior Notes Due 2022BKNG 22AThe NASDAQ Stock Market LLC
2.150% Senior Notes Due 2022BKNG 22The NASDAQ Stock Market LLC
2.375% Senior Notes Due 2024BKNG 24The NASDAQ Stock Market LLC
0.100% Senior Notes Due 2025BKNG 25The NASDAQ Stock Market LLC
1.800% Senior Notes Due 2027BKNG 27The NASDAQ Stock Market LLC
0.500% Senior Notes Due 2028BKNG 28The NASDAQ Stock Market LLC
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.   Yes No .
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).   Yes No .
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. 
Large accelerated filer
Accelerated filer Non-accelerated filer
Smaller reporting company
Emerging growth company
 If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes No
Number of shares of Common Stock outstanding at July 28, 2021:
Common Stock, par value $0.008 per share41,059,841
(Class)(Number of Shares)



Booking Holdings Inc.
Form 10-Q
 
For the Three Months Ended June 30, 2021
 
PART I - FINANCIAL INFORMATION 
  
Item 1. Financial Statements
  
Consolidated Balance Sheets at June 30, 2021 (Unaudited) and December 31, 2020
Consolidated Statements of Operations (Unaudited) For the Three and Six Months Ended June 30, 2021 and 2020
Consolidated Statements of Comprehensive (Loss) Income (Unaudited) For the Three and Six Months Ended June 30, 2021 and 2020
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) For the Three and Six Months Ended June 30, 2021 and 2020
Consolidated Statements of Cash Flows (Unaudited) For the Six Months Ended June 30, 2021 and 2020
Notes to Unaudited Consolidated Financial Statements
  
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
  
Item 3. Quantitative and Qualitative Disclosures About Market Risk
  
Item 4. Controls and Procedures
  
PART II - OTHER INFORMATION 
  
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
  
SIGNATURES
2


PART I — FINANCIAL INFORMATION
Item 1.  Financial Statements

Booking Holdings Inc.
CONSOLIDATED BALANCE SHEETS
(In millions, except share and per share data)
 June 30,
2021
December 31,
2020
(Unaudited)
ASSETS  
Current assets:  
Cash and cash equivalents$11,231 $10,562 
Short-term investments (Available-for-sale debt securities:
Amortized cost of $500 at June 30, 2021 and December 31, 2020)
501 501 
Accounts receivable, net (Allowance for expected credit losses of $92 and $166, respectively)
1,290 529 
Prepaid expenses, net (Allowance for expected credit losses of $30 and $22, respectively)
332 337 
Other current assets435 277 
Total current assets13,789 12,206 
Property and equipment, net748 756 
Operating lease assets457 529 
Intangible assets, net1,725 1,812 
Goodwill1,886 1,895 
Long-term investments (Includes available-for-sale debt securities:
Amortized cost of $225 at June 30, 2021 and December 31, 2020)
4,319 3,759 
Other assets, net (Allowance for expected credit losses of $24 and $33, respectively)
957 917 
Total assets$23,881 $21,874 
LIABILITIES AND STOCKHOLDERS' EQUITY  
Current liabilities:  
Accounts payable$1,028 $735 
Accrued expenses and other current liabilities1,620 1,382 
Deferred merchant bookings1,896 323 
Short-term debt2,180 985 
Total current liabilities6,724 3,425 
Deferred income taxes1,107 1,127 
Operating lease liabilities314 366 
Long-term U.S. transition tax liability824 923 
Other long-term liabilities122 111 
Long-term debt 9,986 11,029 
  Total liabilities19,077 16,981 
Commitments and contingencies (see Note 13)
Convertible debt5  
Stockholders' equity:  
Common stock, $0.008 par value,
Authorized shares: 1,000,000,000
Issued shares: 63,574,902 and 63,406,451, respectively
  
Treasury stock, 22,515,119 and 22,446,897 shares, respectively
(24,283)(24,128)
Additional paid-in capital6,059 5,851 
Retained earnings23,066 23,288 
Accumulated other comprehensive loss(43)(118)
  Total stockholders' equity4,799 4,893 
Total liabilities and stockholders' equity$23,881 $21,874 

See Notes to Unaudited Consolidated Financial Statements.
3


Booking Holdings Inc.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except share and per share data)
 
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2021202020212020
Agency revenues$1,328 $357 $2,045 $1,781 
Merchant revenues661 245 1,034 904 
Advertising and other revenues171 28 222 233 
Total revenues2,160 630 3,301 2,918 
Operating expenses:  
Marketing expenses988 211 1,449 1,062 
Sales and other expenses206 131 318 508 
Personnel, including stock-based compensation of $90, $77, $199 and $83, respectively
686 452 1,238 936 
General and administrative134 104 253 305 
Information technology93 70 180 148 
Depreciation and amortization108 112 221 229 
Restructuring and other exit costs1 34 9 34 
Impairment of goodwill   489 
Total operating expenses2,216 1,114 3,668 3,711 
Operating loss(56)(484)(367)(793)
Interest expense(81)(96)(179)(160)
Other income (expense), net96 789 227 440 
(Loss) income before income taxes(41)209 (319)(513)
Income tax expense (benefit)126 87 (97)64 
Net (loss) income$(167)$122 $(222)$(577)
Net (loss) income applicable to common stockholders per basic common share$(4.08)$2.98 $(5.42)$(14.07)
Weighted-average number of basic common shares outstanding (in 000's)41,054 40,922 41,014 41,007 
Net (loss) income applicable to common stockholders per diluted common share$(4.08)$2.97 $(5.42)$(14.07)
Weighted-average number of diluted common shares outstanding (in 000's)41,054 40,995 41,014 41,007 

See Notes to Unaudited Consolidated Financial Statements.

4


Booking Holdings Inc.
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(In millions)
Three Months Ended
June 30,
Six Months Ended
June 30,
2021202020212020
Net (loss) income$(167)$122 $(222)$(577)
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments8 32 (22)(45)
Losses on cash flow hedges11    
Net unrealized gains on available-for-sale securities98 77 97 3 
Total other comprehensive income (loss), net of tax117 109 75 (42)
Comprehensive (loss) income$(50)$231 $(147)$(619)


See Notes to Unaudited Consolidated Financial Statements.
5


Booking Holdings Inc.
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2021 and 2020
(In millions, except share data)
 
Common StockTreasury StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive LossTotal
Shares
(in 000's)
AmountShares
(in 000's)
Amount
Balance, March 31, 202163,562 $ (22,511)$(24,274)$5,965 $23,233 $(160)$4,764 
Net loss— — — — — (167)— (167)
Foreign currency translation adjustments, net of tax— — — — — — 8 8 
Losses on cash flow hedges, net of tax— — — — — — 11 11 
Net unrealized gains on available-for-sale securities, net of tax— — — — — — 98 98 
Exercise of stock options and vesting of restricted stock units and performance share units13  — — 3 — — 3 
Repurchase of common stock— — (4)(9)— — — (9)
Stock-based compensation and other stock-based payments— — — — 96 — — 96 
Reclassification adjustment for convertible debt in mezzanine— — — — (5)— — (5)
Balance, June 30, 202163,575 $ (22,515)$(24,283)$6,059 $23,066 $(43)$4,799 
 Common StockTreasury StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive Loss 
 Shares
(in 000's)
AmountShares
(in 000's)
AmountTotal
Balance, December 31, 202063,406 $ (22,447)$(24,128)$5,851 $23,288 $(118)$4,893 
Net loss— — — — — (222)— (222)
Foreign currency translation adjustments, net of tax— — — — — — (22)(22)
Net unrealized gains on available-for-sale securities, net of tax— — — — — — 97 97 
Exercise of stock options and vesting of restricted stock units and performance share units169  — — 4 — — 4 
Repurchase of common stock— — (68)(155)— — — (155)
Stock-based compensation and other stock-based payments— — — — 209 — — 209 
Reclassification adjustment for convertible debt in mezzanine— — — — (5)— — (5)
Balance, June 30, 202163,575 $ (22,515)$(24,283)$6,059 $23,066 $(43)$4,799 

6


Common StockTreasury StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive LossTotal
Shares
(in 000's)
AmountShares
(in 000's)
Amount
Balance, March 31, 202063,370 $ (22,440)$(24,115)$5,758 $22,530 $(342)$3,831 
Net income— — — — — 122 — 122 
Foreign currency translation adjustments, net of tax— — — — — — 32 32 
Net unrealized gains on available-for-sale securities, net of tax— — — — — — 77 77 
Issuance of convertible senior notes— — — — 96 — — 96 
Conversion of debt— — — — (241)— — (241)
Exercise of stock options and vesting of restricted stock units and performance share units21  — — 6 — — 6 
Repurchase of common stock— — (2)(4)— — — (4)
Stock-based compensation and other stock-based payments— — — — 80 — — 80 
Balance, June 30, 202063,391 $ (22,442)$(24,119)$5,699 $22,652 $(233)$3,999 
 Common StockTreasury StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive Loss 
 Shares
(in 000's)
AmountShares
(in 000's)
AmountTotal
Balance, December 31, 201963,179 $ (21,762)$(22,864)$5,756 $23,232 $(191)$5,933 
Cumulative effect of adoption of accounting standards update— — — — — (3)— (3)
Net loss— — — — — (577)— (577)
Foreign currency translation adjustments, net of tax— — — — — — (45)(45)
Net unrealized gains on available-for-sale securities, net of tax— — — — — — 3 3 
Issuance of convertible senior notes— — — — 96 — — 96 
Conversion of debt— — — — (245)— — (245)
Exercise of stock options and vesting of restricted stock units and performance share units212  — — 6 — — 6 
Repurchase of common stock— — (680)(1,255)— — — (1,255)
Stock-based compensation and other stock-based payments— — — — 86 — — 86 
Balance, June 30, 202063,391 $ (22,442)$(24,119)$5,699 $22,652 $(233)$3,999 

See Notes to Unaudited Consolidated Financial Statements.

7


Booking Holdings Inc.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
 Six Months Ended
June 30,
 20212020
OPERATING ACTIVITIES:
Net loss$(222)$(577)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 
Depreciation and amortization221 229 
Provision for expected credit losses and chargebacks37 322 
Deferred income tax (benefit) expense(120)11 
Net gains on equity securities(427)(528)
Stock-based compensation expense and other stock-based payments204 94 
Operating lease amortization91 91 
Amortization of debt discount and debt issuance costs30 33 
Unrealized foreign currency transaction (gains) losses on Euro-denominated debt(54)22 
Impairment of goodwill 489 
Impairment of investment 100 
Loss on early extinguishment of debt242  
Other17 3 
Changes in assets and liabilities: 
Accounts receivable(820)805 
Prepaid expenses and other current assets(173)248 
Deferred merchant bookings and other current liabilities1,973 (1,567)
Other long-term assets and liabilities (54)(33)
Net cash provided by (used in) operating activities945 (258)
INVESTING ACTIVITIES: 
Purchase of investments(15)(72)
Proceeds from sale and maturity of investments8 2,997 
Additions to property and equipment(124)(150)
Other investing activities(5) 
Net cash (used in) provided by investing activities(136)2,775 
FINANCING ACTIVITIES:
Proceeds from short-term borrowings 56 
Proceeds from the issuance of long-term debt2,015 4,108 
Payments of debt issuance costs(10)(38)
Payments for redemption and conversion of debt(1,982)(