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Quarterly Unaudited Financial Data (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of unaudited combined and consolidated quarterly financial information
The following tables present certain unaudited combined and consolidated quarterly financial information for the years ended December 31, 2015 and 2014. The fourth quarter of 2015 was the first full quarter post separation and represents our actual results as an independent public company. Results for the first three quarters of 2015 as well as all four quarters of 2014 include allocations from eBay and may not be indicative of our results had we been a separate stand-alone entity during those periods.

(Unaudited, in millions, except per share amounts)
Quarter Ended
2015
March 31(1)
 
June 30(1)
 
September 30(2)
 
December 31(2)
Net Revenues
$
2,137

 
$
2,297

 
$
2,258

 
$
2,556

Net income
$
255

 
$
305

 
$
301

 
$
367

Net income per share-basic
$
0.21

 
$
0.25

 
$
0.25

 
$
0.30

Net income per share-diluted
$
0.21

 
$
0.25

 
$
0.25

 
$
0.30

Weighted-average shares:(1)(2)
 
 
 
 
 
 
 
Basic
1,218

 
1,218

 
1,221

 
1,223

Diluted
1,224

 
1,224

 
1,227

 
1,230


(Unaudited, in millions, except per share amounts)
Quarter Ended
2014
March 31(1)
 
June 30(1)
 
September 30(1)
 
December 31(1)
Net Revenues
1,874

 
1,983

 
1,975

 
2,193

Net income
(382
)
 
281

 
234

 
286

Net income per share-basic
(0.31
)
 
0.23

 
0.19

 
0.23

Net income per share-diluted
(0.31
)
 
0.23

 
0.19

 
0.23

Weighted-average shares:
 
 
 
 
 
 
 
Basic
1,218

 
1,218

 
1,218

 
1,218

Diluted
1,218

 
1,224

 
1,224

 
1,224

1 On July 17, 2015, the distribution date, eBay stockholders of record as of the close of business on July 8, 2015 received one share of PayPal common stock for every share of eBay common stock held as of the record date. Basic and diluted net income per share for the first two quarters of 2015 and all four quarters of 2014 is calculated using the number of common shares distributed on July 17, 2015. Refer to Note 2 of the combined and consolidated financial statements for information regarding net income per share.
2 Basic and diluted net income per share for the third and fourth quarters of 2015 is calculated using the weighted average number of common shares outstanding for the period beginning after the distribution date. Refer to Note 2 of the combined and consolidated financial statements for information regarding net income per share.