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Discontinued Operations
 3 Months Ended
Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
As described in Note 1, we have reflected the Lottery and Sports Betting Businesses as discontinued operations in our consolidated statements of operations and reflected the assets and liabilities of these businesses as held for sale in our consolidated balance sheets, for all periods presented.
The summarized results of our discontinued operations were as follows:
Three Months Ended March 31,
20222021
Total revenue$288 $276 
Total cost of revenue(1)
150 139 
Other operating expenses(2)
41 60 
Operating income97 77 
Total other income, net8 2 
Net income from discontinued operations before income taxes
105 79 
Income tax expense(10)— 
Net income from discontinued operations, net of tax included in the consolidated statement of operations$95 $79 
(1) Excludes D&A.
(2) Includes D&A of $— million and $26 million for the three months ended March 31, 2022 and 2021, respectively, along with stock-based compensation of $7 million and $4 million for the three months ended March 31, 2022 and 2021, respectively. Due to the discontinued operations classification of these businesses as of the third quarter of 2021, the D&A for these businesses has ceased.
The following table summarizes the major classes of assets and liabilities of businesses held for sale.
As of
March 31, 2022December 31, 2021
ASSETS
Cash and cash equivalents$86 $44 
Restricted cash31 22 
Receivables, net194 214 
Inventories113 94 
Prepaid expenses deposits and other current assets134 123 
Total current assets of businesses held for sale558 497 
Property and equipment, net229 217 
Intangible assets and software, net334 304 
Goodwill623 623 
Equity investments249 251 
Other assets82 82 
Total non-current assets of businesses held for sale1,517 1,477 
Total assets of businesses held for sale$2,075 $1,974 
LIABILITIES
Accounts payable$103 $95 
Accrued liabilities and other197 187 
Total current liabilities of businesses held for sale300 282 
Operating lease liabilities37 34 
Other99 90 
Total non-current liabilities of businesses held for sale136 124 
Total liabilities of businesses held for sale$436 $406