Discontinued Operations

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

PayPal and Enterprise

In 2015, we separated from PayPal through the distribution of 100% of the outstanding common stock of PayPal Holdings, Inc. ("PayPal") to our stockholders (the "Distribution"). Subsequent to the Distribution, we classified the results of PayPal as discontinued operations in our consolidated statement of income for all periods presented. In 2015, we also sold the businesses underlying our former Enterprise segment (“Enterprise”). Subsequent to the sale of Enterprise, we classified the results of Enterprise as discontinued operations in our condensed consolidated statement of income for all periods presented.

The financial results of PayPal and Enterprise are presented as loss from discontinued operations, net of income taxes on our condensed consolidated statement of income. The following table presents the combined financial results of PayPal and Enterprise (in millions):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2017		2016			2017		2016
Net revenues	$	—	$	—		$	—	$	—
Cost of net revenues	—		—			—		—
Gross profit	—		—			—		—
Operating expenses:
Sales and marketing	—		—			—		—
Product development	—		—			—		—
General and administrative	—		13			—		15
Provision for transaction and loan losses	—		—			—		—
Amortization of acquired intangible assets	—		—			—		—
Goodwill impairment	—		—			—		—
Total operating expenses	—		13			—		15
Loss from operations of discontinued operations	—		(13		)	—		(15		)
Interest and other, net	—		—			—		—
Loss from discontinued operations before income taxes	—		(13		)	—		(15		)
Income tax benefit	—		8			—		8
Loss from discontinued operations, net of income taxes	$	—	$	(5	)	$	—	$	(7	)