Discontinued Operations

6 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

We completed the Divestitures in 2022 and reflected the prior period financial results of the Divested Businesses as discontinued operations in our consolidated statements of operations. For the sale of our former Lottery Business completed during the second quarter of 2022, we received $5.7 billion in gross cash proceeds and recorded a pre-tax gain of $4.6 billion. The summarized results of our discontinued operations were as follows:

	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
Total revenue	$	51	$	339
Total cost of revenue	18		168
Other operating expenses(1)	108		149
Operating (loss) income	(75)		22
Total other income, net	—		7
Net (loss) income from discontinued operations before income taxes	(75)		29
Gain on sale of discontinued operations before income taxes	4,568		4,568
Total net income from discontinued operations before income taxes	4,493		4,597
Income tax expense	(1,048)		(1,057)
Net income from discontinued operations, net of tax included in the consolidated statement of operations	$	3,445	$	3,540
(1) The three and six months ended June 30, 2022 include stock-based compensation of $4 million and $11 million, respectively, and $78 million related to direct transaction closing fees.