Segments

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segments

Segments

We have two reportable segments: Marketplaces and Payments. We allocate resources to and assess the performance of each reportable segment using information about its revenue and operating income (loss). We do not evaluate operating segments using discrete asset information. We do not allocate gains and losses from equity investments, interest and other income, or taxes to our reportable segments. During the second quarter, we have classified the results of our Enterprise segment as discontinued operations in our condensed consolidated statement of income for all periods presented. Additionally, the related assets and liabilities associated with the discontinued operations are classified as held for sale in our condensed consolidated balance sheet. See "Note 4 - Discontinued Operations" for additional information. The corporate and other category includes income, expenses and charges such as:

• results of operations of various initiatives which support all of our reportable segments;

• corporate management costs, such as human resources, finance and legal, not allocated to our segments;

• amortization of intangible assets;

• separation related expenses;

• restructuring charges; and

• stock-based compensation expense.

The following tables summarize the financial performance of our reportable segments and provide a reconciliation to our consolidated operating results for the periods reflected below:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(In millions)
Net Revenue
Marketplaces
Net transaction revenues	$	1,684		$	1,722		$	3,356		$	3,449
Marketing services and other revenues	432			452			829			880
	2,116			2,174			4,185			4,329
Payments
Net transaction revenues	2,006			1,741			3,946			3,441
Marketing services and other revenues	254			205			422			350
	2,260			1,946			4,368			3,791
Elimination of inter-segment net revenue and other(1)	3			(17		)	(4		)	(20		)
Total consolidated net revenue	$	4,379		$	4,103		$	8,549		$	8,100
Operating income (loss)
Marketplaces	$	758		$	788		$	1,569		$	1,644
Payments	590			478			1,123			953
Corporate and other	(607		)	(412		)	(1,151		)	(817		)
Total operating income (loss)	$	741		$	854		$	1,541		$	1,780

(1) Represents revenue generated between our reportable segments and other revenue.