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Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Financial results of discontinued operations
The financial results of Classifieds and StubHub are presented as income from discontinued operations, net of income taxes in our condensed consolidated statement of income. The following table presents financial results from discontinued operations (in millions):

 Three Months Ended
September 30,		Nine Months Ended
September 30,
 20202019
2020 (1)
2019
Classifieds income from discontinued operations, net of income taxes$47 $81 $132 $160 
StubHub income (loss) from discontinued operations, net of income taxes
(4)19 2,931 27 
PayPal and Enterprise (loss) from discontinued operations, net of
income taxes
— — (2)(4)
Income from discontinued operations, net of income taxes$43 $100 $3,061 $183 
(1) Includes StubHub financial results from January 1, 2020 to February 13, 2020, and includes the gain on sale recorded for the StubHub transaction.
The following table presents cash flows for Classifieds and StubHub (in millions):
 Three Months Ended
September 30,		Nine Months Ended
September 30,
 20202019
2020 (1)
2019
Classifieds net cash provided by discontinued operating activities
$137 $130 $256 $309 
StubHub net cash provided by (used in) discontinued
operating activities
(748)78 (858)105 
Net cash provided by (used in) discontinued operating activities$(611)$208 $(602)$414 
Classifieds net cash (used in) discontinued investing activities
$(7)$(2)$(51)$(106)
StubHub net cash provided by (used in) discontinued investing
activities
— (2)4,075 (19)
Net cash provided by (used in) discontinued investing activities $(7)$(4)$4,024 $(125)
Classifieds net cash (used in) discontinued financing activities
$— $— $(2)$— 
Net cash (used in) discontinued financing activities$— $— $(2)$— 
(1) Includes StubHub financial results from January 1, 2020 to February 13, 2020, and includes the gain on sale recorded for the StubHub transaction.

The financial results of StubHub are presented as income from discontinued operations, net of income taxes on our condensed consolidated statement of income. The following table presents the financial results of StubHub (in millions):
 Three Months Ended
September 30,		Nine Months Ended
September 30,
 20202019
2020(1)
2019
Net revenues$— $306 $100 $800 
Cost of net revenues— 76 31 215 
Gross profit— 230 69 585 
Operating expenses:
Sales and marketing— 148 51 372 
Product development(2)33 27 85 
General and administrative— 22 33 65 
Provision for transaction losses— 4 3 17 
Amortization of acquired intangible assets— 3 1 7 
Total operating expenses(2)210 115 546 
Income (loss) from operations of discontinued operations2 20 (46)39 
Pre-tax gain (loss) on sale(8)— 3,868 — 
Income (loss) from discontinued operations before income taxes(6)20 3,822 39 
Income tax benefit (provision)2 (1)(891)(12)
Income (loss) from discontinued operations, net of income taxes$(4)$19 $2,931 $27 
(1) Includes StubHub financial results from January 1, 2020 to February 13, 2020, and includes the gain on sale recorded for the StubHub transaction.
The financial results of Classifieds are presented as income from discontinued operations, net of income taxes on our condensed consolidated statement of income. Each period presented below includes the impact of intercompany revenue agreements that will continue with eBay subsequent to the completion of the transfer of the Classifieds business. The impact of these intercompany revenue agreements to net revenues and cost of net revenues were $2 million and $4 million for the three months ended September 30, 2020 and 2019, respectively, and $9 million and $13 million for the nine months ended September 30, 2020 and 2019, respectively. The expected continuing cash flows are not considered to be significant. The following table presents the financial results of Classifieds (in millions):
 Three Months Ended
September 30,		Nine Months Ended
September 30,
 2020201920202019
Net revenues$263 $260 $705 $779 
Cost of net revenues27 21 76 63 
Gross profit236 239 629 716 
Operating expenses:
Sales and marketing72 81 220 262 
Product development44 37 118 112 
General and administrative36 11 98 45 
Provision for transaction losses3 4 13 8 
Amortization of acquired intangible assets2 2 6 9 
Total operating expenses157 135 455 436 
Income from operations of discontinued operations79 104 174 280 
Interest and other, net(1)— 1 (1)
Income from discontinued operations before income taxes78 104 175 279 
Income tax provision(31)(23)(43)(119)
Income from discontinued operations, net of income taxes$47 $81 $132 $160 
The following table presents the aggregate carrying amounts of the classes of assets and liabilities of discontinued operations for StubHub in the condensed consolidated balance sheet (in millions):
 December 31, 2019
Carrying amounts of assets included as part of discontinued operations:
Cash and cash equivalents$52 
Accounts receivable, net9 
Other current assets80 
Total current assets of discontinued operations
$141 
Long-term investments11 
Property and equipment, net26 
Goodwill224 
Intangible assets, net5 
Operating lease right-of-use assets29 
Deferred tax assets8 
Other assets3 
Total long-term assets of discontinued operations$306 
Carrying amounts of liabilities included as part of discontinued operations:
Accounts payable$19 
Accrued expenses and other current liabilities215 
Deferred revenue23 
Income taxes payable2 
Total current liabilities of discontinued operations
$259 
Operating lease liabilities20 
Other liabilities6 
Total long-term liabilities of discontinued operations
$26 

The following table presents the aggregate carrying amounts of held for sale assets and liabilities related to Classifieds in the condensed consolidated balance sheet (in millions):
 September 30, 2020December 31, 2019
Carrying amounts of assets included as part of held for sale:
Cash and cash equivalents$30 $22 
Accounts receivable, net116 136 
Other current assets31 37 
Long-term investments30 30 
Property and equipment, net27 24 
Goodwill443 396 
Intangible assets, net33 23 
Operating lease right-of-use assets18 16 
Deferred tax assets388 389 
Total assets classified as held for sale in the condensed consolidated balance sheet$1,116 $1,073 
Carrying amounts of liabilities included as part of held for sale:
Short-term debt$— $2 
Accounts payable23 22 
Accrued expenses and other current liabilities109 92 
Deferred revenue6 6 
Income taxes payable43 41 
Operating lease liabilities12 11 
Deferred tax liabilities300 291 
Other liabilities3 3 
Total liabilities classified as held for sale in the condensed consolidated balance sheet
$496 $468