Segments (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Summary of financial performance of operating segments

Segment net revenue and operating income for the years ended 2019, 2018 and 2017 were as follows (in millions):

	Year ended December 31,
	2019			2018			2017
Net Revenues
Marketplace
Net transaction revenues	$	7,578		$	7,416		$	6,809
Marketing services and other revenues	1,060			1,225			1,192
Total Marketplace	8,638			8,641			8,001
StubHub
Net transaction revenues	1,057			1,068			1,011
Marketing services and other revenues	64			15			18
Total StubHub	1,121			1,083			1,029
Classifieds (1)	1,061			1,022			897
Elimination of inter-segment net revenue (2)	(20		)	—			—
Total consolidated net revenue	$	10,800		$	10,746		$	9,927
Operating income (loss)
Marketplace	$	2,814		$	2,673		$	2,626
StubHub	139			149			161
Classifieds	420			401			314
Corporate and other costs	(1,052		)	(1,001		)	(837		)
Total operating income	2,321			2,222			2,264
Interest and other, net	(114		)	496			11
Income before income taxes	$	2,207		$	2,718		$	2,275

(1) Classifieds net revenues consists entirely of marketing services and other revenue.

(2)

Represents revenue generated between our reportable segments.

Summary of allocation of net revenues and long-lived tangible assets based on geography

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

	Year Ended December 31,
	2019		2018		2017
Net revenues by geography:
U.S.	$	4,337	$	4,373	$	4,187
Germany	1,506		1,591		1,464
United Kingdom	1,441		1,481		1,368
South Korea	1,221		1,195		1,061
Rest of world	2,295		2,106		1,847
Total net revenues	$	10,800	$	10,746	$	9,927

	December 31,
	2019		2018
Long-lived tangible assets by geography:
U.S.	$	1,786	$	1,661
International	352		151
Total long-lived tangible assets	$	2,138	$	1,812