Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Financial results of discontinued operations

The financial results of PayPal and Enterprise are presented as loss 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:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(In millions)
Net revenues	$	—		$	2,535		$	—		$	4,922
Cost of net revenues	—			1,123			—			2,162
Gross profit	—			1,412			—			2,760
Operating expenses:
Sales and marketing	—			282			—			557
Product development	—			284			—			548
General and administrative	4			394			2			757
Provision for transaction and loan losses	—			198			—			393
Amortization of acquired intangible assets	—			49			—			97
Goodwill impairment	—			786			—			786
Total operating expenses	4			1,993			2			3,138
Loss from operations of discontinued operations	(4		)	(581		)	(2		)	(378		)
Interest and other, net	—			6			—			4
Loss from discontinued operations before income taxes	(4		)	(575		)	(2		)	(374		)
Income tax benefit	2			228			—			204
Loss from discontinued operations, net of income taxes	$	(2	)	$	(347	)	$	(2	)	$	(170	)