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Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Financial Results of Discontinued Operations
The following table presents the combined financial results of PayPal and Enterprise (in millions):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
Net revenues
$

 
$

 
$

 
$

Cost of net revenues

 

 

 

Gross profit

 

 

 

Operating expenses:
 
 
 
 
 
 
 
Sales and marketing

 

 

 

Product development

 

 

 

General and administrative

 
4

 

 
2

Provision for transaction and loan losses

 

 

 

Amortization of acquired intangible assets

 

 

 

Goodwill impairment

 

 

 

Total operating expenses

 
4

 

 
2

Loss from operations of discontinued operations

 
(4
)
 

 
(2
)
Interest and other, net

 

 

 

Loss from discontinued operations before income taxes

 
(4
)
 

 
(2
)
Income tax benefit

 
2

 

 

Loss from discontinued operations, net of income taxes
$

 
$
(2
)
 
$

 
$
(2
)