Note 5 - Segments

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segments

Segments

We have three reportable segments: Marketplaces, Payments and Enterprise. We allocate resources to and assess the performance of each reportable segment using information about its revenue and operating income (loss). We do not evaluate operating segments using discrete asset information. We do not allocate gains and losses from equity investments, interest and other income, or taxes to operating segments.

The corporate and other category includes income, expenses and charges such as:

• results of operations of various initiatives which support all of our reportable segments;

• corporate management costs, such as human resources, finance and legal, not allocated to our segments;

• amortization of intangible assets;

• restructuring charges; and

• stock based compensation expense.

The following tables summarize the financial performance of our reportable segments and reconciliation to our consolidated operating results for the periods reflected below:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(In millions)
Net Revenue
Marketplaces
Net transaction revenues	$	1,637		$	1,491		$	3,245		$	2,916
Marketing services and other revenues	364			323			713			626
	2,001			1,814			3,958			3,542
Payments
Net transaction revenues	1,475			1,234			2,910			2,450
Marketing services and other revenues	149			123			262			216
	1,624			1,357			3,172			2,666
Enterprise
Net transaction revenues	194			164			380			346
Marketing services and other revenues	52			57			102			112
	246			221			482			458
Corporate and other
Marketing services and other revenues	14			10			26			16
Elimination of inter-segment net revenue (1)	(8		)	(4		)	(13		)	(7		)
Total consolidated net revenue	$	3,877		$	3,398		$	7,625		$	6,675
Operating income (loss)
Marketplaces	$	794		$	719		$	1,617		$	1,388
Payments	374			350			748			695
Enterprise	10			10			17			33
Corporate and other	(428		)	(384		)	(832		)	(768		)
Total operating income (loss)	$	750		$	695		$	1,550		$	1,348

(1) Represents revenue generated between our reportable segments.