Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The summarized results of our discontinued operations were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Total revenue	$	285	$	266	$	860	$	743
Total cost of revenue(1)	148		137		431		393
Other operating expenses(2)	63		52		184		155
Operating income	74		77		245		195
Total other income, net	16		1		90		1
Net income from discontinued operations before income taxes	90		78		335		196
Income tax expense	(3)		(2)		(6)		(3)
Net income from discontinued operations, net of tax included in the consolidated statement of operations	$	87	$	76	$	329	$	193
(1) Excludes D&A.
(2) Includes D&A of $26 million and $79 million for the three and nine months ended September 30, 2021 and $25 million and $78 million for the three and nine months ended September 30, 2020, respectively, along with stock-based compensation of $6 million and $14 million for the three and nine months ended September 30, 2021, respectively, and $1 million and $3 million for the three and nine months ended September 30, 2020.

The following table summarizes the major classes of assets and liabilities of businesses held for sale.

	As of
	September 30, 2021		December 31, 2020
ASSETS
Cash and cash equivalents	$	62	$	88
Restricted cash	9		72
Receivables, net	209		178
Inventories	79		72
Prepaid expenses deposits and other current assets	116		143
Total current assets of businesses held for sale	475		553
Property and equipment, net	177		173
Intangible assets and software, net	298		295
Goodwill	631		562
Equity investments	258		262
Other assets	65		70
Total non-current assets of businesses held for sale	1,429		1,362
Total assets of businesses held for sale	$	1,904	$	1,915
LIABILITIES
Accounts payable	$	61	$	53
Accrued liabilities and other	190		242
Total current liabilities of businesses held for sale	251		295
Operating lease liabilities	35		34
Other	113		106
Total non-current liabilities of businesses held for sale	148		140
Total liabilities of businesses held for sale	$	399	$	435