Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Financial results of discontinued operations

The financial results of PayPal and Enterprise are presented as income from discontinued operations, net of income taxes on our condensed consolidated statement of income. The following table presents the combined financial results of PayPal and Enterprise for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31,
	2016			2015
	(In millions)
Net revenues	$	—		$	2,387
Cost of net revenues	—			1,039
Gross profit	—			1,348
Operating expenses:
Sales and marketing	—			275
Product development	—			264
General and administrative	(2		)	363
Provision for transaction and loan losses	—			195
Amortization of acquired intangible assets	—			48
Total operating expenses	(2		)	1,145
Income from operations of discontinued operations	2			203
Interest and other, net	—			(2		)
Income from discontinued operations before income taxes	2			201
Provision for income taxes	(2		)	(24		)
Income from discontinued operations, net of income taxes	$	—		$	177