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 our reportable segments.

During the first quarter of 2014, we changed our reportable segments based upon changes in our organizational structure which reflect the integration of our Magento platform into our Enterprise segment. Prior to this change, Magento was reported in corporate and other. Also during the first quarter of 2014, we revised our internal management reporting of certain Marketplaces transactions to align more closely with our related operating metrics. Related to this change, we reclassified our Marketplaces vehicles and real estate revenues from net transaction revenues to marketing services and other revenues. Prior period amounts have been revised to conform to the current period segment reporting structure.

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 provide a reconciliation to our consolidated operating results for the periods reflected below:



	Year Ended December 31,
	2014			2013			2012
	(In millions)
Net Revenue
Marketplaces
Net transaction revenues	$	6,995		$	6,569		$	5,834
Marketing services and other revenues	1,822			1,715			1,564
	8,817			8,284			7,398
Payments
Net transaction revenues	7,218			6,096			5,146
Marketing services and other revenues	686			532			428
	7,904			6,628			5,574
Enterprise⁽¹⁾
Net transaction revenues	985			898			850
Marketing services and other revenues	253			268			271
	1,238			1,166			1,121

Elimination of inter-segment net revenue⁽²⁾	(57		)	(31		)	(21		)
Total consolidated net revenue	$	17,902		$	16,047		$	14,072

Operating income (loss)
Marketplaces	$	3,327		$	3,351		$	2,943
Payments	1,835			1,588			1,359
Enterprise	83			72			55
Corporate and other	(1,731		)	(1,640		)	(1,469		)
Total operating income (loss)	$	3,514		$	3,371		$	2,888

(1) During the first quarter of 2014, we changed our reportable segments based upon changes in our organizational structure which reflect the integration of our Magento platform into our Enterprise segment. The above table presents recast annual segment results to reflect the move of our Magento platform into our Enterprise segment. Prior to this change, Magento was reported in corporate and other. The table also presents recast annual segment results to reflect the reclassification of Marketplaces vehicles and real estate revenues from net transaction revenue to marketing services and other revenue.

(2) Represents revenue generated between our reportable segments.

The following tables summarize the allocation of net revenues and long-lived tangible assets based on geography:



	Year Ended December 31,
	2014		2013		2012
	(In millions)
Net revenues:
U.S.	$	8,495	$	7,712	$	6,778
United Kingdom	2,633		2,183		1,889
Germany	2,107		1,930		1,679
Rest of world	4,667		4,222		3,726
Total net revenues	$	17,902	$	16,047	$	14,072



	December 31,
	2014		2013
	(In millions)
Long-lived tangible assets:
U.S.	$	2,924	$	2,756
International	229		240
Total long-lived tangible assets	$	3,153	$	2,996

Net revenues are attributed to U.S. and international geographies primarily based upon the country in which the seller, payment recipient, customer, website that displays advertising, or other service provider, as the case may be, is located. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned. Total assets by segment are not presented as that information is not used to allocate resources or assess performance at the segment level and is not reviewed by our Chief Operating Decision Maker.