Segments (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of revenue by type

Segment net revenue and operating income were as follows (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Net Revenues
Marketplace
Net transaction revenues	$	2,447	$	1,887	$	4,347	$	3,772
Marketing services and other revenues	221		270		451		547
Total Marketplace	2,668		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
Classifieds	61		102		144		193
Corporate and other costs	(307)		(233)		(522)		(500)
Total operating income	821		558		1,450		1,151
Interest and other, net	182		(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.

Schedule of revenue by geographic area

The following table summarizes the allocation of net revenues based on geography (in millions):  

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
U.S.	$	1,086	$	820	$	1,908	$	1,662
Germany	397		392		754		776
United Kingdom	453		363		801		716
South Korea	334		300		646		597
Rest of world	595		548		1,130		1,085
Total net revenues	$	2,865	$	2,423	$	5,239	$	4,836