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Equity-Method Investments (Tables)
 9 Months Ended
Sep. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Summarized Financial Information
LivingSocial’s summarized condensed financial information, as provided to us by LivingSocial, is as follows (in millions):
 
  
Nine Months Ended 
 September 30,
 
2014
 
2013
Statements of Operations:
 
 
 
Revenue
$
215

 
$
289

Gross profit
169

 
225

Operating expenses
261

 
283

Operating loss from continuing operations
(92
)
 
(58
)
Net loss from continuing operations
(75
)
 
(50
)
Net income (loss) from discontinued operations (1)
206

 
(54
)
Net income (loss)
$
131

 
$
(104
)
___________________
(1)
In January 2014, LivingSocial completed the sale of its Korean operations for approximately $260 million and, in Q1 2014, recognized a gain on disposal of $205 million, net of tax. The statement of operations information above has been recast to present the Korean operations as discontinued operations.