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Segments
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segments Segments
We have two reportable segments to reflect the way management and our CODM review and assess performance of the business. During the first quarter of 2020, we classified the results of our previous StubHub segment as discontinued operations in our condensed consolidated statement of income for all prior periods presented. Our two reportable segments are Marketplace and Classifieds. Marketplace includes our online marketplace located at www.ebay.com, its localized counterparts and the eBay suite of mobile apps. Classifieds includes a collection of brands such as mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen and others. The accounting policies of our segments are the same as those described in “Note 1 – The Company and Summary of Significant Accounting Policies”. Prior period segment information has been reclassified to conform to the current period segment presentation.

Our reportable segments reflect the way management and our CODM review and assess performance of the business. Our CODM reviews revenue and operating income (loss) for each reportable segment. Our CODM does not evaluate reportable segments using asset information. Corporate and other costs include: (i) corporate management costs, such as human resources, finance and legal, that are not allocated to our segments; (ii) amortization of intangible assets; (iii) restructuring charges; (iv) stock-based compensation; and (v) results of operations of various initiatives that support all of our reportable segments.
Segment net revenue and operating income were as follows (in millions):
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2020201920202019
Net Revenues
Marketplace
Net transaction revenues$2,447  $1,887  $4,347  $3,772  
Marketing services and other revenues221  270  451  547  
Total Marketplace2,668  2,157  4,798  4,319  
Classifieds (1)
201  271  449  527  
Elimination of inter-segment net revenue (2)
(4) (5) (8) (10) 
Total consolidated net revenue$2,865  $2,423  $5,239  $4,836  
Operating income (loss)
Marketplace$1,067  $689  $1,828  $1,458  
Classifieds61  102  144  193  
Corporate and other costs(307) (233) (522) (500) 
Total operating income821  558  1,450  1,151  
Interest and other, net182  (51) 184  13  
Income before income taxes$1,003  $507  $1,634  $1,164  

(1)Classifieds net revenues consists entirely of marketing services and other revenue.
(2)Represents revenue generated between our reportable segments.

The following table summarizes the allocation of net revenues based on geography (in millions):  
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2020201920202019
U.S.$1,086  $820  $1,908  $1,662  
Germany397  392  754  776  
United Kingdom453  363  801  716  
South Korea334  300  646  597  
Rest of world595  548  1,130  1,085  
Total net revenues$2,865  $2,423  $5,239  $4,836  
Net revenues, inclusive of the effects of foreign exchange during each period, are attributed to U.S. and international geographies primarily based upon the country in which the seller, platform that displays advertising, other service provider or customer, as the case may be, is located.