The following table reconciles cash, cash equivalents, and restricted cash reported on the Company’s condensed consolidated balance sheets to the total amount presented in the condensed consolidated statements of cash flows (in millions):


	December 31, 2022		March 31, 2023
Cash and cash equivalents	$	7,378	$	8,166
Cash and cash equivalents included in funds receivable and amounts held on behalf of customers	4,708		7,676
Restricted cash included in prepaids and other current assets	17		30
Total cash, cash equivalents, and restricted cash presented in the condensed consolidated statements of cash flows	$	12,103	$	15,872

Accrued expenses and other current liabilities consisted of the following (in millions):


	December 31, 2022		March 31, 2023


Indirect taxes payable	$	418	$	671
Compensation and employee benefits	380		300






Indirect tax reserves	206		214
Gift card liability	141		141
Operating lease liabilities, current	59		48
Other	672		745
Total accrued expenses and other current liabilities	$	1,876	$	2,119

Payments to Customers

The Company makes payments to customers as part of its incentive programs (composed of referral programs and marketing promotions) and refund activities. The payments are generally in the form of coupon credits to be applied toward future bookings or as cash refunds.

The following table summarizes total payments made to customers (in millions):


	Three Months Ended March 31,
		2022		2023
Reductions to revenue		$	45	$	77
Charges to operations and support		22		22
Charges to sales and marketing expense		10		13
Total payments made to customers		$	77	$	112

The following table presents revenue disaggregated by listing location (in millions):


	Three Months Ended March 31,
		2022		2023
North America		$	822	$	925
Europe, the Middle East, and Africa		373		458
Latin America		178		235
Asia Pacific		136		200
Total revenue disaggregated by geographic region		$	1,509	$	1,818