Trade receivables and unbilled revenues, net of allowance for credit losses, were as follows: | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | | | | | | | | (in US $ millions) | Unbilled revenues, net | 175 | | | 175 | | | | Trade receivables, net | 69 | | | 77 | | | | Indirect taxes receivable | 41 | | | 49 | | | | Accrued interest | 39 | | | 19 | | | | Other receivables | 26 | | | 22 | | | | | 350 | | | 342 | | | |
Activity in the allowance for credit losses was as follows for the three and six months ended: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | (in US $ millions) | Balance, beginning of the period | 16 | |
| 16 | | | 16 | |
| 13 | | Provision for credit losses related to uncollectible receivables | 7 | |
| 2 | | | 14 | |
| 8 | | Write-offs | (7) | |
| (3) | | | (14) | |
| (6) | | Balance, end of the period | 16 | |
| 15 | | | 16 | |
| 15 | |
| | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | | | | | | | | (in US $ millions) | Loans receivable, gross(1) | 1,444 | | | 1,131 | | | | Allowance for credit losses related to uncollectible loans receivable | (138) | | | (110) | | | | Merchant cash advances receivable, gross | 322 | | | 234 | | | | | | | | | | Allowance for credit losses related to uncollectible merchant cash advances receivable | (31) | | | (31) | | | | Loans and merchant cash advances, net | 1,597 | | | 1,224 | | | | (1) Included in the loans receivable gross balance as of June 30, 2025 is $21 million of interest receivable (December 31, 2024 - $15 million).
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