eBay (EBAY) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	May 02, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-37713
Entity Registrant Name	eBay Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0430924
Entity Address, Address Line One	2025 Hamilton Avenue
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95125
City Area Code	408
Local Phone Number	376-7108
Title of 12(b) Security	Common stock
Entity Trading Symbol	EBAY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		559,842,135
Entity Central Index Key	0001065088
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,798	$ 1,379
Short-term investments	3,771	5,944
Customer accounts and funds receivable	626	681
Other current assets	1,154	1,107
Total current assets	7,349	9,111
Long-term investments	2,213	2,575
Property and equipment, net	1,192	1,236
Goodwill	4,141	4,178
Operating lease right-of-use assets	570	289
Deferred tax assets	3,224	3,255
Equity investment in Adevinta	3,748	5,391
Other assets	543	591
Total assets	22,980	26,626
Current liabilities:
Short-term debt	1,755	1,355
Accounts payable	245	262
Customer accounts and funds payable	652	707
Accrued expenses and other current liabilities	1,851	1,927
Income taxes payable	479	371
Total current liabilities	4,982	4,622
Operating lease liabilities	481	200
Deferred tax liabilities	2,701	3,116
Long-term debt	6,578	7,727
Other liabilities	1,184	1,183
Total liabilities	15,926	16,848
Commitments and Contingencies (Note 10)
Stockholders’ equity:
Common stock, $0.001 par value; 3,580 shares authorized; 571 and 594 shares outstanding	2	2
Additional paid-in capital	16,904	16,659
Treasury stock at cost, 1,146 and 1,121 shares	(44,809)	(43,371)
Retained earnings	34,615	36,090
Accumulated other comprehensive income	342	398
Total stockholders’ equity	7,054	9,778
Total liabilities and stockholders’ equity	$ 22,980	$ 26,626

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 32	$ 42
Common stock - par value (in usd per share)	$ 0.001	$ 0.001
Common stock - shares authorized (in shares)	3,580,000,000	3,580,000,000
Common stock - shares outstanding (in shares)	571,000,000	594,000,000
Treasury stock - shares (in shares)	1,146,000,000	1,121,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net revenues	$ 2,483	$ 2,638
Cost of net revenues	689	606
Gross profit	1,794	2,032
Operating expenses:
Sales and marketing	478	546
Product development	301	304
General and administrative	226	246
Provision for transaction losses	96	88
Amortization of acquired intangible assets	1	7
Total operating expenses	1,102	1,191
Income from operations	692	841
Gain (loss) on equity investments and warrant, net	(2,291)	(36)
Interest and other, net	(50)	(81)
Income (loss) from continuing operations before income taxes	(1,649)	724
Income tax benefit (provision)	310	(156)
Income (loss) from continuing operations	(1,339)	568
Income (loss) from discontinued operations, net of income taxes	(2)	73
Net income (loss)	$ (1,341)	$ 641
Income (loss) per share - basic:
Continuing operations (in usd per share)	$ (2.28)	$ 0.83
Discontinued operations (in usd per share)	0	0.11
Net income (loss) per share - basic (in usd per share)	(2.28)	0.94
Income (loss) per share - diluted:
Continuing operations (in usd per share)	(2.28)	0.82
Discontinued operations (in usd per share)	0	0.10
Net income (loss) per share - diluted (in usd per share)	$ (2.28)	$ 0.92
Weighted-average shares:
Basic (in shares)	587	681
Diluted (in shares)	587	693

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,341)	$ 641
Other comprehensive income (loss), net of reclassification adjustments:
Foreign currency translation gains (losses)	(34)	(117)
Unrealized gains (losses) on investments, net	(51)	(3)
Tax benefit (expense) on unrealized gains (losses) on investments, net	13	0
Unrealized gains (losses) on hedging activities, net	20	74
Tax benefit (expense) on unrealized gains (losses) on hedging activities, net	(4)	(17)
Other comprehensive income (loss), net of tax	(56)	(63)
Comprehensive income (loss)	$ (1,397)	$ 578

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common stock	Additional paid-in capital	Treasury stock at cost	Retained earnings	Accumulated other comprehensive income
Beginning balance at Dec. 31, 2020		$ 2	$ 16,497	$ (36,515)	$ 22,961	$ 616
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued		0
Common stock repurchased		0
Common stock and stock-based awards issued			1
Tax withholdings related to net share settlements of restricted stock units and awards			(69)
Stock-based compensation			116
Common stock repurchased			0	(292)
Other			1
Net income (loss)	$ 641				641
Dividends and dividend equivalents declared					(126)
Foreign currency translation adjustment						(117)
Change in unrealized gains (losses) on investments	(3)					(3)
Change in unrealized gains (losses) on derivative instruments						74
Tax benefit (provision) on above items						(17)
Ending balance at Mar. 31, 2021	$ 3,770	2	16,546	(36,807)	23,476	553
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends and dividend equivalents declared per share or restricted stock unit (in usd per share)	$ 0.18
Beginning balance at Dec. 31, 2021	$ 9,778	2	16,659	(43,371)	36,090	398
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued		0
Common stock repurchased		0
Common stock and stock-based awards issued			1
Tax withholdings related to net share settlements of restricted stock units and awards			(61)
Stock-based compensation			111
Common stock repurchased	(1,250)		188	(1,438)
Other			6
Net income (loss)	(1,341)				(1,341)
Dividends and dividend equivalents declared					(134)
Foreign currency translation adjustment						(34)
Change in unrealized gains (losses) on investments	(51)					(51)
Change in unrealized gains (losses) on derivative instruments						20
Tax benefit (provision) on above items						9
Ending balance at Mar. 31, 2022	$ 7,054	$ 2	$ 16,904	$ (44,809)	$ 34,615	$ 342
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends and dividend equivalents declared per share or restricted stock unit (in usd per share)	$ 0.22

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ (1,341)	$ 641
Income (loss) from discontinued operations, net of income taxes	2	(73)
Adjustments:
Provision for transaction losses	96	88
Depreciation and amortization	118	134
Stock-based compensation	111	103
Loss (gain) on investments, net	14	(1)
Deferred income taxes	(376)	103
Change in fair value of warrant	115	36
Realized change in fair value of shares sold in Adyen	166	0
Loss (gain) on extinguishment of debt	0	10
Changes in assets and liabilities, net of acquisition effects	(272)	(93)
Net cash provided by continuing operating activities	629	948
Net cash provided by (used in) discontinued operating activities	(16)	94
Net cash provided by operating activities	613	1,042
Cash flows from investing activities:
Proceeds from issuance of common stock	1	0
Purchases of property and equipment	(83)	(83)
Purchases of investments	(5,475)	(3,424)
Maturities and sales of investments	6,827	3,772
Other	3	2
Net cash provided by continuing investing activities	1,772	267
Net cash provided by (used in) discontinued investing activities	0	(2)
Net cash provided by investing activities	1,772	265
Cash flows from financing activities:
Repurchases of common stock	(1,069)	(304)
Payments for taxes related to net share settlements of restricted stock units and awards	(61)	(20)
Payments for dividends	(129)	(122)
Repayment of debt	(750)	(1,156)
Net borrowings under commercial paper program	0	400
Net funds receivable and payable activity	56	97
Other	0	4
Net cash used in continuing financing activities	(1,952)	(1,101)
Net cash provided by (used in) discontinued financing activities	0	(68)
Net cash used in financing activities	(1,952)	(1,169)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(18)	(11)
Net increase in cash, cash equivalents and restricted cash	415	127
Cash, cash equivalents and restricted cash at beginning of period	1,406	1,594
Cash, cash equivalents and restricted cash at end of period	1,821	1,721
Cash, cash equivalents and restricted cash of continuing operations at end of period	1,821	1,522
Supplemental cash flow disclosures:
Cash paid for interest	80	104
Cash paid for income taxes	35	75
Discontinued Operations, Disposed of by Sale
Cash flows from financing activities:
Less: Cash, cash equivalents and restricted cash of discontinued operations	0	199
Adevinta
Adjustments:
Change in fair value of equity investment	1,643	0
Gmarket
Adjustments:
Change in fair value of equity investment	182	0
KakaoBank
Adjustments:
Change in fair value of equity investment	91	0
Realized change in fair value of shares sold in Adyen	8	0
Cash flows from investing activities:
Proceeds from the sale of shares in KakaoBank	27	0
Adyen
Adjustments:
Change in fair value of equity investment	80	0
Cash flows from investing activities:
Proceeds from the sale of shares in Adyen	$ 473	$ 0

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company and Summary of Significant Accounting Policies	The Company and Summary of Significant Accounting Policies The Company eBay Inc. is a global commerce leader, which includes our Marketplace platforms. Founded in 1995 in San Jose, California, eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity for all. Our technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere. When we refer to “we,” “our,” “us,” the “Company” or “eBay” in this Quarterly Report on Form 10-Q, we mean the current Delaware corporation (eBay Inc.) and its consolidated subsidiaries, unless otherwise expressly stated or the context otherwise requires. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, we evaluate our estimates, including those related to provisions for transaction losses, legal contingencies, income taxes, revenue recognition, stock-based compensation, investments including level 3 investments in Gmarket and warrant, the recoverability of goodwill and intangible assets. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ from those estimates. Principles of Consolidation and Basis of Presentation The accompanying condensed financial statements are consolidated and include the financial statements of eBay Inc., our wholly and majority-owned subsidiaries and variable interest entities (“VIE”) where we are the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Minority interests are recorded as a noncontrolling interest. A qualitative approach is applied to assess the consolidation requirement for VIE’s. Equity investments in entities where we have not elected the fair value option and where we hold at least a 20% ownership interest or have the ability to exercise significant influence, but not control, over the investee are accounted for using the equity method of accounting. For such investments, our share of the investees’ results of operations is included in gain (loss) on equity investments and warrant, net and our equity investment balance is included in long-term investments. Equity investments in entities where we hold less than a 20% ownership interest are generally accounted for as equity investments to be measured at fair value or, under an election, at cost if it does not have readily determinable fair value, in which case the carrying value would be adjusted upon the occurrence of an observable price change in an orderly transaction for identical or similar instruments or impairment. Upon the transfer of our Classifieds business to Adevinta ASA (“Adevinta”) on June 24, 2021, shares in Adevinta were included as part of total consideration received under the definitive agreement. The equity interest in Adevinta is accounted for under the fair value option. As of March 31, 2022, our ownership in Adevinta was 33%. Subsequent changes in fair value are included in gain (loss) on equity investments and warrant, net. Additionally, upon completion of the sale of 80.01% of the outstanding equity interests of eBay Korea LLC, a limited liability company incorporated under the laws of Korea and a wholly owned subsidiary of eBay KTA (“eBay Korea”) to E-mart Inc. and one of its wholly owned subsidiaries (together, “Emart”) on November 14, 2021, we retained 19.99% of the outstanding equity interests of the new entity, Gmarket Global LLC (“Gmarket”) formerly known as Apollo Korea, which is accounted for under the fair value option. Subsequent changes in fair value are included in gain (loss) on equity investments and warrant, net and our equity investment balance is included in long-term investments. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the audited consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2021. We have evaluated all subsequent events through the date these condensed consolidated financial statements were issued. In the opinion of management, these condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the condensed consolidated financial position, results of operations and cash flows for these interim periods. Significant Accounting Policies The re were no significant changes to our significant accounting policies disclosed in “Note 1 — The Company and Summary of Significant Accounting Policies” of our Annual Report on Form 10-K for the year ended December 31, 2021 . Recent Accounting Pronouncements Not Yet Adopted In March 2022, the Financial Accounting Standards Board issued new guidance to expand the scope of financial assets that can be included in a closed portfolio hedged using the portfolio layer method to allow consistent accounting for similar hedges. The expanded scope permits the application of the same portfolio hedging method to both prepayable and nonprepayable financial assets. The standard will be effective for annual reporting periods beginning after December 15, 2022, including interim reporting periods within those fiscal years. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and equity incentive awards is reflected in diluted net income (loss) per share by application of the treasury stock method. The calculation of diluted net income (loss) per share excludes all anti-dilutive common shares. The following table presents the computation of basic and diluted net income (loss) per share for the periods indicated (in millions, except per share amounts): Three Months Ended 2022 2021 Numerator: Income (loss) from continuing operations $ (1,339) $ 568 Income (loss) from discontinued operations, net of income taxes (2) 73 Net income (loss) $ (1,341) $ 641 Denominator: Weighted average shares of common stock - basic 587 681 Dilutive effect of equity incentive awards — 12 Weighted average shares of common stock - diluted 587 693 Income (loss) per share - basic: Continuing operations $ (2.28) $ 0.83 Discontinued operations — 0.11 Net income (loss) per share - basic $ (2.28) $ 0.94 Income (loss) per share - diluted: Continuing operations $ (2.28) $ 0.82 Discontinued operations — 0.10 Net income (loss) per share - diluted $ (2.28) $ 0.92 Common stock equivalents excluded from income (loss) per diluted share because their effect would have been anti-dilutive 7 1

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations Classifieds On June 24, 2021, we completed the previously announced transfer of our Classifieds business to Adevinta for $2.5 billion in cash, subject to certain adjustments, and approximately 540 million shares in Adevinta which represented an equity interest of 44%. Together, the total consideration received under the definitive agreement was valued at approximately $13.3 billion, based on the closing trading price of Adevinta’s outstanding shares at the Oslo Stock Exchange on June 24, 2021. The transfer resulted in a pre-tax gain of $12.5 billion and related income tax expense of $2.1 billion, both within income from discontinued operations. The results of our Classifieds business have been presented as discontinued operations in our consolidated statement of income for all periods presented through June 24, 2021 as the transfer represented a strategic shift in our business that had a major effect on our operations and financial results. In addition, upon closing we entered into a transition service agreement (“TSA”) with Adevinta to support the operations of Classifieds after the divestiture for fees of $29 million. This agreement commenced with the close of the transaction and has minimum initial terms ranging from 6 to 12 months and can be extended for a maximum of six months. eBay Korea On November 14, 2021, we completed the previously announced sale of 80.01% of the outstanding equity interests of eBay Korea to Emart, pursuant to the terms and conditions of the securities purchase agreement, in exchange for approximately $3.0 billion of gross cash proceeds as of the transaction close date, subject to certain adjustments. The sale resulted in a pre-tax gain of $3.2 billion inclusive of a $81 million currency translation adjustment and a $44 million gain on the net investment hedge settled in the fourth quarter of 2021, as well as income tax expense of $369 million. The results of our eBay Korea business have been presented as discontinued operations in our condensed consolidated statement of income for all periods presented through November 14, 2021 as the transfer represented a strategic shift in our business that had a major effect on our operations and financial results. In addition, upon closing we entered into a transition service agreement with eBay Korea to support the operations of eBay Korea after the divestiture for immaterial fees. This agreement commenced with the close of the transaction and has minimum initial terms of 6 months and can be extended for a maximum of 3 months. Discontinued operations The following table presents financial results from discontinued operations, net of income taxes in our condensed consolidated statement of income for the periods indicated (in millions): Three Months Ended 2022 2021 Classifieds income (loss) from discontinued operations, net of income taxes $ — $ 72 eBay Korea income (loss) from discontinued operations, net of income taxes (2) 1 Income (loss) from discontinued operations, net of income taxes $ (2) $ 73 The following table presents cash flows for discontinued operations for the periods indicated (in millions): Three Months Ended 2022 2021 Classifieds net cash provided by (used in) discontinued operating activities $ (1) $ 104 eBay Korea net cash provided by (used in) discontinued operating activities (15) (10) Net cash provided by (used in) discontinued operating activities $ (16) $ 94 Classifieds net cash used in discontinued investing activities $ — $ (1) eBay Korea net cash used in discontinued investing activities — (1) Net cash used in discontinued investing activities $ — $ (2) Classifieds net cash provided by (used in) discontinued financing activities $ — $ — eBay Korea net cash used in discontinued financing activities — (68) Net cash used in discontinued financing activities $ — $ (68) Classifieds The financial results of Classifieds are presented as income from discontinued operations, net of income taxes on our condensed consolidated statement of income through June 24, 2021, when the transfer of Classifieds was completed. Each period presented below includes the impact of intercompany revenue agreements through June 24, 2021. The impact of these intercompany revenue agreements to net revenues and cost of net revenues was $2 million for the three months ended March 31, 2021. The continuing revenue and cash flows are not considered to be material. The following table presents the financial results of Classifieds for the periods indicated (in millions): Three Months Ended 2022 2021 Net revenues $ — $ 276 Cost of net revenues — 30 Gross profit — 246 Operating expenses: Sales and marketing — 87 Product development — 43 General and administrative — 27 Provision for transaction losses — 2 Amortization of acquired intangible assets — — Total operating expenses — 159 Income (loss) from operations of discontinued operations — 87 Interest and other, net — 1 Income (loss) from discontinued operations before income taxes — 88 Income tax provision — (16) Income (loss) from discontinued operations, net of income taxes $ — $ 72 eBay Korea The financial results of eBay Korea 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 eBay Korea (in millions): Three Months Ended 2022 2021 Net revenues $ — $ 385 Cost of net revenues — 217 Gross profit — 168 Operating expenses: Sales and marketing — 141 Product development — 14 General and administrative 2 12 Total operating expenses 2 167 Income (loss) from operations of discontinued operations (2) 1 Interest and other, net — — Income (loss) from discontinued operations before income taxes (2) 1 Income tax benefit (provision) — — Income (loss) from discontinued operations, net of income taxes $ (2) $ 1 StubHub, PayPal and Enterprise

Segments

Segments	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segments	Segments We have one operating and reportable segment. Our reportable segment is Marketplace, which includes our online marketplace located at www.ebay.com, its localized counterparts and the eBay suite of mobile apps. Our management and our chief operating decision maker review financial information presented on a consolidated basis for purposes of allocating resources and evaluating performance and do not evaluate using asset information. During the second quarter of 2021, we classified the results of our eBay Korea business which was part of our Marketplace segment as discontinued operations in our consolidated statement of income for the periods presented. See “Note 3 — Discontinued Operations” for additional information. The accounting policies of our segment are the same as those described in “Note 1 — The Company and Summary of Significant Accounting Policies.” The following table summarizes net revenues by type for the periods indicated (in millions): Three Months Ended 2022 2021 Net revenues by type: Net transaction revenues $ 2,355 $ 2,476 Marketing services and other revenues 128 162 Total net revenues $ 2,483 $ 2,638 The following table summarizes the allocation of net revenues based on geography for the periods indicated (in millions): Three Months Ended 2022 2021 U.S. $ 1,226 $ 1,296 United Kingdom 418 503 Germany 273 344 Rest of world 566 495 Total net revenues $ 2,483 $ 2,638

Investments

Investments	3 Months Ended
	Mar. 31, 2022
Investments [Abstract]
Investments	Investments The following tables summarize the unrealized gains and losses and estimated fair value of our investments classified as available-for-sale debt securities and restricted cash as of the dates indicated (in millions): March 31, 2022 Gross Gross Gross Estimated Short-term investments: Restricted cash $ 20 $ — $ — $ 20 Corporate debt securities 2,907 — — 2,907 Government and agency securities 40 — — 40 $ 2,967 $ — $ — $ 2,967 Long-term investments: Corporate debt securities $ 812 $ — $ (28) $ 784 Government and agency securities 798 — (28) 770 $ 1,610 $ — $ (56) $ 1,554 December 31, 2021 Gross Gross Gross Estimated Short-term investments: Restricted cash $ 22 $ — $ — $ 22 Corporate debt securities 4,151 1 — 4,152 Government and agency securities 25 — — 25 $ 4,198 $ 1 $ — $ 4,199 Long-term investments: Corporate debt securities $ 954 $ 1 $ (5) $ 950 Government and agency securities 779 — (2) 777 $ 1,733 $ 1 $ (7) $ 1,727 We consider cash to be restricted when withdrawal or general use is legally restricted. Restricted cash is held primarily in interest bearing accounts primarily related to our global sabbatical program. Our fixed-income investments consist of predominantly investment grade corporate debt securities and government and agency securities. The corporate debt and government and agency securities that we invest in are generally deemed to be low risk based on their credit ratings from the major rating agencies. The longer the duration of these securities, the more susceptible they are to changes in market interest rates and bond yields. As interest rates increase, those securities purchased at a lower yield show a mark-to-market unrealized loss. The unrealized losses are due primarily to changes in credit spreads and interest rates. We regularly review investment securities for other-than-temporary impairment using both qualitative and quantitative criteria . Investments classified as available-for-sale debt securities are carried at fair value with changes reflected in other comprehensive income. Where there is an intention or a requirement to sell an impaired available-for-sale debt security, the entire impairment is recognized in earnings with a corresponding adjustment to the amortized cost basis of the security. We presently do not intend to sell any of the available-for-sale debt securities in an unrealized loss position and expect to realize the full value of all these investments upon maturity or sale. We regularly review investment securities for credit impairment using both qualitative and quantitative criteria. In making this assessment, we consider the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, any adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses will be recorded through interest and other, net for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. We did not recognize any credit-related impairment through an allowance for credit losses as of March 31, 2022. Investment securities in a continuous loss position for less than 12 months had an estimated fair value of $3.8 billion and unrealized losses of $55 million as of March 31, 2022, and an estimated fair value of $3.1 billion and an immaterial amount of unrealized losses as of December 31, 2021. Investment securities in a continuous loss position for greater than 12 months had an estimated fair value of $22 million and an immaterial amount of unrealized losses as of March 31, 2022, and there were no investment securities in a continuous loss position for greater than 12 months as of December 31, 2021. Refer to “Note 14 — Accumulated Other Comprehensive Income” for amounts reclassified to earnings from unrealized gains and losses. The following table presents estimated fair values of our short-term and long-term investments classified as available-for-sale debt securities and restricted cash by date of contractual maturity as of the date indicated (in millions): March 31, 2022 One year or less (including restricted cash of $20) $ 2,967 One year through two years 427 Two years through three years 663 Three years through four years 329 Four years through five years 135 $ 4,521 Equity Investments The following table summarizes our equity investments as of the dates indicated (in millions): Balance Sheet Location March 31, 2022 December 31, 2021 Equity investments with readily determinable fair values Short-term investments $ 804 $ 1,745 Equity investment in Adevinta Equity investment in Adevinta 3,748 5,391 Equity investment under the fair value option Long-term investments 543 725 Equity investments under the equity method of accounting Long-term investments 38 38 Equity investments without readily determinable fair values Long-term investments 78 85 Total equity investments $ 5,211 $ 7,984 Equity investment in Adevinta We account for equity investments through which we exercise significant influence but do not have control over the investee under the fair value option or under the equity method. O ur equity investment in Adevinta is accounted for under the fair value option. Upon completion of the transfer of our Classifieds business to Adevinta on June 24, 2021, we received an equity investment of 44% in Adevinta valued at $10.8 billion at the close of the transfer. On November 18, 2021, we completed the sale of approximately 135 million of our voting shares in Adevinta to Permira, inclusive of the option exercised by Permira to purchase additional voting shares, for total cash consideration of approximately $2.3 billion which reduced our ownership in Adevinta to 33% . Following the close of the share sale in November 2021, our equity investment in Adevinta is reported in the long-term assets section on the condensed consolidated balance sheet to reflect our contractual requirement to retain at least 25% of the total number of issued and outstanding equity securities of Adevinta until October 14, 2023, subject to certain exceptions specified in the agreement. At the initial recognition of the equity investment, we elected the fair value option where subsequent changes in fair value are recognized in earnings. The investment is classified within Level 1 in the fair value hierarchy as the valuation can be obtained from real time quotes in active markets. The fair value of the equity investment is measured based on Adevinta’s closing stock price and prevailing foreign exchange rate at each balance sheet date and the changes in fair value are reflected in gain (loss) on equity investments and warrant, net in the condensed consolidated statement of income. We believe the fair value option election creates more transparency of the current value in the equity investment in Adevinta. Our non-voting shares are convertible to voting shares on a one-to-one basis, subject to a limitation of 33% voting interest. For the three months ended March 31, 2022, an unrealized loss of $1,643 million was recorded in gain (loss) on equity investments and warrant, net on our condensed consolidated statement of income related to the change in fair value of the investment. The fair value of the investment was $3,748 million and $5,391 million as of March 31, 2022 and December 31, 2021, respectively . Equity investments with readily determinable fair values Equity investments with readily determinable fair values are classified within Level 1 in the fair value hierarchy as the valuation can be obtained from real time quotes in active markets. Subsequent changes in fair value are reflected in gain (loss) on equity investments and warrant, net in the condensed consolidated statement of income. In August 2021, one of our equity investments, KakaoBank Corp. (“KakaoBank”), which previously did not have a readily determinable fair value, completed its initial public offering which resulted in this investment having a readily determinable fair value. The fair value of the equity investment is measured based on KakaoBank’s closing stock price and prevailing foreign exchange rate at each balance sheet date. For the three months ended March 31, 2022, an unrealized loss of $91 million was recorded in gain (loss) on equity investments and warrant, net on our condensed consolidated statement of income related to the change in fair value of the investment. During the three months ended March 31, 2022, we sold a portion of our shares in KakaoBank for $45 million and recorded a realized loss on the change in fair value of shares sold of $8 million in gain (loss) on equity investments and warrant, net on our condensed consolidated statement of income. There were $18 million of unsettled shares sold as of March 31, 2022 which were subsequently settled in the second quarter of 2022. The fair value of the investment was $540 million and $684 million as of March 31, 2022 and December 31, 2021, respectively and is reported within short-term investments in our condensed consolidated balance sheet. We entered into a warrant agreement in conjunction with a commercial agreement with Adyen that vests in a series of four tranches, at a specified price per share upon meeting processing volume milestone targets on a calendar year basis. When a relevant milestone is reached, the warrant becomes exercisable with respect to the corresponding tranche of warrant shares up until the warrant expiration date of January 31, 2025. In the fourth quarter of 2021, we met the processing volume milestone target to vest the first tranche of the warrant. Upon vesting of the first tranche, we exercised the option to purchase shares of Adyen valued at $1.1 billion in exchange for approximately $110 million in cash. The fair value of the equity investment is measured based on Adyen’s closing stock price and prevailing foreign exchange rate at each balance sheet date. For the three months ended March 31, 2022, an unrealized loss of $80 million was recorded in gain (loss) on equity investments and warrant, net on our condensed consolidated statement of income related to the change in fair value of the investment. During the three months ended March 31, 2022, we sold a portion of our shares in Adyen for $551 million and recorded a realized loss on the change in fair value of shares sold of $166 million in gain (loss) on equity investments and warrant, net on our condensed consolidated statement of income. There were $78 million of unsettled shares sold as of March 31, 2022 which were subsequently settled in the second quarter of 2022. As of March 31, 2022 and December 31, 2021, the fair value of the investment was $264 million and $1,061 million, respectively and is reported within short-term investments in our condensed consolidated balance sheet. Refer to “Note 6 — Derivative Instruments” for more information about the warrant. Subsequent to March 31, 2022, we sold additional shares in Adyen for $130 million and recorded a realized loss on the change in fair value of shares sold of $1 million, and we sold additional shares in KakaoBank for $79 million and recorded a realized loss on the change in fair value of shares sold of $14 million in gain (loss) on equity investments and warrant, net on our condensed consolidated statement of income. Equity investment under the fair value option We account for equity investments through which we exercise significant influence but do not have control over the investee under the fair value option or under the equity method. Our equity investment in Gmarket is accounted for under the fair value option. On November 14, 2021, we completed the previously announced sale of 80.01% of the outstanding equity interests of eBay Korea to Emart. Upon completion of the sale, we retained 19.99% of the outstanding equity interest of the new entity, Gmarket, over whom we are able to exercise significant influence based on the terms of the securities purchase agreement, including through our board representation. Our equity investment in Gmarket was valued at $728 million as of the transaction close date. At the initial recognition of this equity investment, we elected the fair value option where subsequent changes in fair value are recognized in gain (loss) on equity investments and warrant, net in the condensed consolidated statement of income. We believe the fair value option election creates more transparency of the current value in the equity investment in Gmarket. Our retained investment in Gmarket is subject to a two year right held by Emart to purchase the remaining interest at the close price of the sale. For the three months ended March 31, 2022 an unrealized loss of $182 million was recorded in gain (loss) on equity investments and warrant, net related to the change in fair value of the investment. As of March 31, 2022 and December 31, 2021, the fair value of the investment was $543 million and $725 million, respectively and is reported within long-term investments in our condensed consolidated balance sheet. The investment is classified as Level 3 in the fair value hierarchy as the valuation reflects management’s estimate of assumptions that market participants would use in pricing the equity investment. Refer to “Note 7 — Fair Value Measurement of Assets and Liabilities” for more information. Other equity method investments We account for equity investments through which we exercise significant influence but do not have control over the investee under the fair value option or under the equity method. For equity investments accounted for under the equity method, our consolidated results of operations include, as a component of gain (loss) on equity investments and warrant , net, our share of the net income or loss of the equity investments accounted for under the equity method of accounting. Equity investments without readily determinable fair values The following table summarizes the change in total carrying value related to equity investments without readily determinable fair values still held for the periods indicated (in millions): Three Months Ended 2022 2021 Carrying value, beginning of period $ 85 $ 539 Downward adjustments for observable price changes and impairment (7) — Foreign currency translation and other — (11) Carrying value, end of period $ 78 $ 528 For the three months ended March 31, 2022, we recorded a downward adjustment of $7 million to the carrying value of a strategic investment in gain (loss) on equity investments and warrant, net on our condensed consolidated statement of income. For such equity investments without readily determinable fair values still held at March 31, 2022, the cumulative upward adjustment for observable price changes was $41 million and cumulative downward adjustment for observable price changes and impairments was $298 million. The following table summarizes unrealized gains and losses related to equity investments held at March 31, 2022 and presented within gain (loss) on equity investments and warrant, net for the periods indicated (in millions): Three Months Ended 2022 2021 Net gains/(losses) recognized during the period on equity investments $ (2,177) $ — Less: Net gains/(losses) recognized during the period on equity investments sold during the period (174) — Total unrealized gains/(losses) on equity investments held at March 31, 2022 $ (2,003) $ —

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Our primary objective in holding derivatives is to reduce the volatility of earnings and cash flows associated with changes in foreign currency exchange rates and interest rates. These hedging contracts reduce, but do not entirely eliminate, the impact of adverse foreign exchange rate and interest rate movements. We do not use any of our derivative instruments for trading purposes. We use foreign currency exchange contracts to reduce the volatility of cash flows related to forecasted revenues, expenses, assets and liabilities, including intercompany balances denominated in foreign currencies. These contracts are generally one month to one year in duration but with maturities up to 24 months. The objective of the foreign exchange contracts is to ensure that ultimately the U.S. dollar-equivalent cash flows are not adversely affected by changes in the applicable U.S. dollar/foreign currency exchange rate. We evaluate the effectiveness of our foreign exchange contracts designated as cash flow or net investment hedges on a quarterly basis. In 2020, we began to hedge the variability of forecasted interest payments on anticipated debt issuance using forward-starting interest rate swaps. These interest rate swaps effectively fix the benchmark interest rate and have the economic effect of hedging the variability of forecasted interest payments for up to 10 years on an anticipated debt issuance. Similar to other cash flow hedges, we recorded changes in the fair value of these interest rate swaps in accumulated other comprehensive income (loss) (“AOCI”) until the anticipated debt issuance. In May 2021, we issued $2.5 billion of senior unsecured notes, which consisted of notes maturing in 2026, 2031 and 2051. As a result, we terminated the interest rate swaps and the gain associated with the termination of approximately $45 million is amortized to interest expense over the terms of our notes due in May 2026 and May 2031. During 2020, we began to hedge the variability of the cash flows in interest payments associated with our floating-rate debt using interest rate swaps. These interest rate swap agreements effectively convert our floating-rate debt that is based on London Interbank Offered Rate (“LIBOR”) to a fixed-rate basis, reducing the impact of interest-rate changes on future interest expense. The total notional amount of these interest rate swaps was $400 million as of March 31, 2022 with terms calling for us to receive interest at a variable rate and to pay interest at a fixed rate. Our interest rate swap contracts have maturity dates in 2023. Similar to other cash flow hedges, we record changes in the fair value of these interest rate swaps in AOCI and their fair value is amortized over the term of the debt to interest expense. Cash Flow Hedges For derivative instruments that are designated as cash flow hedges, the derivative’s gain or loss is initially reported as a component of AOCI and subsequently reclassified into earnings in the same period the forecasted hedged transaction affects earnings. Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period. Unrealized gains and losses in AOCI associated with such derivative instruments are immediately reclassified into earnings . As of March 31, 2022, we have estimated that approximately $35 million of net derivative gains related to our foreign exchange cash flow hedges and $10 million net derivative gains related to our interest rate cash flow hedges included in AOCI will be reclassified into earnings within the next 12 months. We classify cash flows related to our cash flow hedges as operating activities in our condensed consolidated statement of cash flows. Non-Designated Hedges Our derivatives not designated as hedging instruments consist of foreign currency forward contracts that we primarily use to hedge monetary assets or liabilities, including intercompany balances and equity investments denominated in non-functional currencies. The gains and losses on our derivatives not designated as hedging instruments are recorded in interest and other, net, which are offset by the foreign currency gains and losses on the related assets and liabilities that are also recorded in interest and other, net. We classify cash flows related to our non-designated hedging instruments in the same line item as the cash flows of the related assets or liabilities, which is generally within operating activities in our condensed consolidated statement of cash flows. Cash flows related to the settlement of non-designated hedging instruments related to equity investments are classified within investing activities in our condensed consolidated statement of cash flows. Warrant We entered into a warrant agreement in conjunction with a commercial agreement with Adyen that, subject to meeting certain conditions, entitles us to acquire a fixed number of shares up to 5% of Adyen’s fully diluted issued and outstanding share capital at a specific date. The warrant has a term of seven years and vests in a series of four tranches, at a specified price per share (fixed for the first two tranches) upon meeting processing volume milestone targets on a calendar year basis. When or if a relevant milestone is reached, the warrant becomes exercisable with respect to the corresponding tranche of warrant shares up until the warrant expiration date of January 31, 2025. The maximum number of tranches that can vest in one calendar year is two. In 2021, we met the processing volume milestone target to vest the first tranche of the warrant. Upon vesting of the first tranche, we exercised the option to purchase shares of Adyen valued at approximately $1.1 billion in exchange for approximately $110 million in cash. Our equity investment in Adyen is accounted for as an equity investment with a readily determinable fair value. Refer to “Note 5 — Investments” for more information about our equity investments. The warrant is accounted for as a derivative under ASC Topic 815, Derivatives and Hedging . We report the warrant at fair value within warrant asset in our condensed consolidated balance sheets and changes in the fair value of the warrant are recognized in gain (loss) on equity investments and warrant, net in our condensed consolidated statement of income. The day-one value attributable to the other side of the warrant, which was recorded as a deferred credit, is reported within other liabilities in our condensed consolidated balance sheets and is amortized over the life of the commercial arrangement. See “Note 7 — Fair Value Measurements” for information about the fair value measurement of the warrant. Fair Value of Derivative Contracts The following table presents fair values of our outstanding derivative instruments as of the dates indicated (in millions): Balance Sheet Location March 31, December 31, Derivative Assets: Foreign exchange contracts designated as cash flow hedges Other current assets $ 82 $ 63 Foreign exchange contracts not designated as hedging instruments Other current assets 25 22 Interest rate contracts designated as cash flow hedges Other current assets 4 — Warrant Other assets 329 444 Foreign exchange contracts designated as cash flow hedges Other assets 25 24 Total derivative assets $ 465 $ 553 Derivative Liabilities: Foreign exchange contracts designated as cash flow hedges Other current liabilities $ 6 $ — Foreign exchange contracts not designated as hedging instruments Other current liabilities 11 17 Foreign exchange contracts designated as cash flow hedges Other liabilities 1 — Total derivative liabilities $ 18 $ 17 Total fair value of derivative instruments $ 447 $ 536 Under the master netting agreements with the respective counterparties to our derivative contracts, subject to applicable requirements, we are allowed to net settle transactions of the same type with a single net amount payable by one party to the other. However, we have elected to present the derivative assets and derivative liabilities on a gross basis on our condensed consolidated balance sheet. As of March 31, 2022, the potential effect of rights of set-off associated with the foreign exchange contracts would be an offset to both assets and liabilities by $14 million, resulting in net derivative assets of $118 million and net derivative liabilities of $3 million. As of March 31, 2022, there was no potential effect of rights of set-off associated with the interest rate contracts, as there were only asset positions of $4 million. Effect of Derivative Contracts on Accumulated Other Comprehensive Income The following tables present the activity of derivative instruments designated as cash flow hedges as of March 31, 2022 and December 31, 2021, and the impact of these derivative contracts on AOCI for the periods indicated (in millions): December 31, 2021 Amount of Gain (Loss) Recognized in Other Comprehensive Income Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings March 31, 2022 Foreign exchange contracts designated as cash flow hedges $ 25 $ 25 $ 6 $ 44 Interest rate contracts designated as cash flow hedges 30 2 1 31 Total $ 55 $ 27 $ 7 $ 75 December 31, 2020 Amount of Gain (Loss) Recognized in Other Comprehensive Income Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings March 31, 2021 Foreign exchange contracts designated as cash flow hedges $ (95) $ 3 $ (27) $ (65) Interest rate contracts designated as cash flow hedges 10 43 (1) 54 Total $ (85) $ 46 $ (28) $ (11) Effect of Derivative Contracts on Condensed Consolidated Statement of Income The following table summarizes the total gain (loss) recognized in the condensed consolidated statement of income from our foreign exchange derivative contracts by location for the periods indicated (in millions): Three Months Ended 2022 2021 Foreign exchange contracts designated as cash flow hedges recognized in net revenues $ 6 $ (28) Foreign exchange contracts designated as cash flow hedges recognized in cost of net revenues — 1 Foreign exchange contracts not designated as hedging instruments recognized in interest and other, net 15 (6) Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income $ 21 $ (33) The following table summarizes the total gain (loss) recognized in the condensed consolidated statement of income from our interest rate derivative contracts by location for the periods indicated (in millions): Three Months Ended 2022 2021 Gain (loss) from interest rate contracts designated as cash flow hedges recognized in interest and other, net $ 1 $ (1) The following table summarizes the total gain (loss) recognized in the condensed consolidated statement of income due to changes in the fair value of the warrant for the periods indicated (in millions): Three Months Ended 2022 2021 Gain (loss) attributable to changes in the fair value of warrant recognized in gain (loss) on equity investments and warrant, net $ (115) $ (36) Notional Amounts of Derivative Contracts Derivative transactions are measured in terms of the notional amount, but this amount is not recorded on the balance sheet and is not, when viewed in isolation, a meaningful measure of the risk profile of the instruments. The notional amount is generally not exchanged, but is used only as the basis on which the value of foreign exchange payments under these contracts are determined. The following table presents the notional amounts of our outstanding derivatives as of the dates indicated (in millions): March 31, December 31, Foreign exchange contracts designated as cash flow hedges $ 2,180 $ 2,066 Foreign exchange contracts not designated as hedging instruments 2,229 3,159 Interest rate contracts designated as cash flow hedges 400 400 Total $ 4,809 $ 5,625 Credit Risk

Fair Value Measurement of Asset

Fair Value Measurement of Assets and Liabilities	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurement of Assets and Liabilities	Fair Value Measurement of Assets and Liabilities The following tables present our financial assets and liabilities measured at fair value on a recurring basis as of the dates indicated (in millions): March 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash and cash equivalents $ 1,798 $ 1,798 $ — $ — Short-term investments: Restricted cash 20 20 — — Corporate debt securities 2,907 — 2,907 — Government and agency securities 40 — 40 — Equity investments with readily determinable fair values 804 804 — — Total short-term investments 3,771 824 2,947 — Equity investment in Adevinta 3,748 3,748 — — Derivatives 465 — 136 329 Long-term investments: Corporate debt securities 784 — 784 — Government and agency securities 770 — 770 — Equity investment under the fair value option 543 — — 543 Total long-term investments 2,097 — 1,554 543 Total financial assets $ 11,879 $ 6,370 $ 4,637 $ 872 Liabilities: Derivatives $ 18 $ — $ 18 $ — December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs (Level 3) Assets: Cash and cash equivalents $ 1,379 $ 1,379 $ — $ — Short-term investments: Restricted cash 22 22 — — Corporate debt securities 4,152 — 4,152 — Government and agency securities 25 — 25 — Equity investments with readily determinable fair values 1,745 1,745 — — Total short-term investments 5,944 1,767 4,177 — Equity investment in Adevinta 5,391 5,391 — — Derivatives 553 — 109 444 Long-term investments: Corporate debt securities 950 — 950 — Government and agency securities 777 — 777 — Equity investment under the fair value option 725 — — 725 Total long-term investments 2,452 — 1,727 725 Total financial assets $ 15,719 $ 8,537 $ 6,013 $ 1,169 Liabilities: Derivatives $ 17 $ — $ 17 $ — Our financial assets and liabilities are valued using market prices on both active markets (Level 1), less active markets (Level 2) and little or no market activity (Level 3). Level 1 instrument valuations are obtained from real-time quotes for transactions in active exchange markets involving identical assets. Level 2 instrument valuations are obtained from readily available pricing sources for comparable instruments, identical instruments in less active markets, or models using market observable inputs. Level 3 instrument valuations typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability. We did not have any transfers of financial instruments between valuation levels during the three months ended March 31, 2022. Other financial instruments, including accounts receivable and accounts payable, are carried at cost, which approximates their fair value because of the short-term nature of these instruments. Fair value measurement of derivative instruments The majority of our derivative instruments are valued using pricing models that take into account the contract terms as well as multiple inputs where applicable, such as equity prices, interest rate yield curves, option volatility and currency rates. Our warrant, which is accounted for as a derivative instrument, is valued using a Black-Scholes model. Key assumptions used in the valuation include risk-free interest rates; Adyen’s common stock price, equity volatility and common stock outstanding; exercise price; and details specific to the warrant. The value is also probability adjusted for management’s assumptions with respect to vesting of the remaining three tranches which are each subject to meeting processing volume milestone targets. These assumptions and the probability of meeting processing volume milestone targets may have a significant impact on the value of the warrant. Refer to “Note 6 — Derivative Instruments” for further details on our derivative instruments. The following tables present a reconciliation of the opening to closing balance of assets measured using significant unobservable inputs (Level 3) as of the dates indicated (in millions): March 31, December 31, Opening balance at beginning of period $ 444 $ 1,051 Exercise of options under warrant — (961) Change in fair value (115) 354 Closing balance at end of period $ 329 $ 444 The following table presents quantitative information about Level 3 significant unobservable inputs used in the fair value measurement of the warrant as of March 31, 2022 (in millions): Fair value Valuation technique Unobservable Input Range (weighted average) (1) Warrant $ 329 Black-Scholes and Monte Carlo Probability of vesting 0.0% - 55.0% (50%) Equity volatility (42%) (1) Probability of vesting was weighted by the unadjusted value of the tranches. For volatility, the average represents the arithmetic average of the points within the range and is not weighted by the relative fair value or notional amount. Fair value measurement of equity investments Certain of our equity investments are measured at fair value on a recurring basis, including our equity investment in Adevinta, equity investments with readily determinable fair values and equity investment under the fair value option. Our equity investment in Adevinta is accounted for under the fair value option and classified within Level 1 in the fair value hierarchy as the fair value is measured based on Adevinta’s closing stock price and prevailing foreign exchange rate at each balance sheet date. Our equity investments with readily determinable fair values are also classified within Level 1 in the fair value hierarchy as the valuation can be obtained from real time quotes in active markets. Our equity investment in Gmarket was initially recognized on November 14, 2021 in connection with the sale of 80.01% of the outstanding equity interests of eBay Korea to Emart. This equity investment is accounted for under the fair value option and its initial valuation of $728 million was based on the sale price of eBay Korea. Our investment in Gmarket is subject to a two year right held by Emart from the date of disposal to purchase the remaining interest at or near the close price of the sale. The following table presents a reconciliation of the opening to closing balance of the equity investment in Gmarket measured using significant unobservable inputs (Level 3) as of the dates indicated (in millions): March 31, December 31, 2021 (1) Opening balance at beginning of period $ 725 $ — Recognition of equity investment — 728 Change in fair value (182) (3) Closing balance at end of period $ 543 $ 725 (1) There were no indicators of a potential material change in fair value of the investment between the date of recognition and December 31, 2021. The fair value of the investment was $725 million as of December 31, 2021 due to foreign currency adjustments. This investment is classified within Level 3 in the fair value hierarchy as valuation of the investment reflects management’s estimate of assumptions that market participants would use in pricing the asset. The following table presents quantitative information about Level 3 significant unobservable inputs used in the fair value measurement of the equity investment in Gmarket as of March 31, 2022 that may have a significant impact on the overall valuation (in millions): Fair value Valuation technique Unobservable Input Range Equity investment in Gmarket $ 543 Market multiples Revenue multiple — GPC method (1) 1.2x — 2.5x Revenue multiple — GMAC method (1) 1.4x — 4.1x (1) The primary unobservable inputs used in the fair value measurement of our equity investment in Gmarket under the fair value option, when using the Guideline Public Company (GPC) method and the Guideline Merged and Acquired Company (GMAC) method under the market multiple approach, are the respective revenue multiples. Significant increases (decreases) in the revenue multiples in isolation would result in significantly higher (lower) fair value measurement. The market multiples are derived from respective groups of guideline public companies and guideline merged and acquired companies. Refer to “Note 5 — Investments” for further details about our equity investments.

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes the carrying value of our outstanding debt as of the dates indicated (in millions, except percentages): Coupon As of Effective As of Effective Rate March 31, 2022 Interest Rate December 31, 2021 Interest Rate Long-Term Debt Floating Rate Notes: Senior notes due 2023 LIBOR plus 0.87% $ 400 1.100 % $ 400 1.100 % Fixed Rate Notes: Senior notes due 2022 — % — — % 750 3.989 % Senior notes due 2022 2.600 % 605 2.678 % 605 2.678 % Senior notes due 2023 2.750 % 750 2.866 % 750 2.866 % Senior notes due 2024 3.450 % 750 3.531 % 750 3.531 % Senior notes due 2025 1.900 % 800 1.803 % 800 1.803 % Senior notes due 2026 1.400 % 750 1.252 % 750 1.252 % Senior notes due 2027 3.600 % 850 3.689 % 850 3.689 % Senior notes due 2030 2.700 % 950 2.623 % 950 2.623 % Senior notes due 2031 2.600 % 750 2.186 % 750 2.186 % Senior notes due 2042 4.000 % 750 4.114 % 750 4.114 % Senior notes due 2051 3.650 % 1,000 2.517 % 1,000 2.517 % Total senior notes 8,355 9,105 Hedge accounting fair value adjustments (1) 7 7 Unamortized premium/(discount) and debt issuance costs (29) (30) Less: Current portion of long-term debt (1,755) (1,355) Total long-term debt 6,578 7,727 Short-Term Debt Current portion of long-term debt 1,755 1,355 Total short-term debt 1,755 1,355 Total Debt $ 8,333 $ 9,082 (1) Includes the fair value adjustments to debt associated with terminated interest rate swaps which are being recorded as a reduction to interest expense over the remaining term of the related notes. Senior Notes On February 9, 2022, the company redeemed the $750 million aggregate principal amount of the 3.800% senior notes due March 2022. Total cash consideration paid was $750 million, as the redemption price was equal to 100% of the principal amount. In addition, we paid accrued and unpaid interest on the principal amount. Subsequent to March 31, 2022, the company redeemed the $605 million aggregate principal amount of the 2.600% senior notes due 2022. Total cash consideration paid was $605 million, as the redemption price was equal to 100% of the principal amount. In addition, we paid accrued and unpaid interest on the principal amount. None of the floating rate notes are redeemable prior to maturity. We may redeem some or all of the other fixed rate notes of each series at any time and from time to time prior to their maturity, generally at a make-whole redemption price, plus accrued and unpaid interest. If a change of control triggering event (as defined in the applicable senior notes) occurs with respect to the floating rate notes due 2023, the 2.750% fixed rate notes due 2023, the 1.900% fixed rate notes due 2025, the 1.400% fixed rate notes due 2026, the 3.600% fixed rate notes due 2027, the 2.700% fixed rate notes due 2030, the 2.600% fixed rate notes due 2031 or the 3.650% fixed rate notes due 2051, we must, subject to certain exceptions, offer to repurchase all of the notes of the applicable series at a price equal to 101% of the principal amount, plus accrued and unpaid interest. The indenture pursuant to which the senior notes were issued includes customary covenants that, among other things and subject to exceptions, limit our ability to incur, assume or guarantee debt secured by liens on specified assets or enter into sale and lease-back transactions with respect to specified properties, and also includes customary events of default with customary grace periods in certain circumstances, including payment defaults and bankruptcy-related defaults. To help achieve our interest rate risk management objectives, during the second quarter of 2020, we entered into interest rate swap agreements that effectively converted $400 million of our LIBOR-based floating-rate debt to a fixed-rate basis. These swaps were designated as cash flow hedges and have maturity dates in 2023. The effective interest rates for our senior notes include the interest payable, the amortization of debt issuance costs and the amortization of any original issue discount and premium on these senior notes. Interest on these senior notes is payable either quarterly or semiannually. Interest expense associated with these senior notes, including amortization of debt issuance costs, was approximately $60 million and $66 million during the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022 and December 31, 2021, the estimated fair value of these senior notes, using Level 2 inputs, was approximately $8.1 billion and $9.5 billion, respectively. Commercial Paper We have a commercial paper program pursuant to which we may issue commercial paper notes in an aggregate principal amount at maturity of up to $1.5 billion outstanding at any time with maturities of up to 397 days from the date of issue. As of March 31, 2022, there were no commercial paper notes outstanding. Credit Agreement In March 2020, we entered into a credit agreement that provides for an unsecured $2 billion five-year credit facility. We may also, subject to the agreement of the applicable lenders, increase commitments under the revolving credit facility by up to $1 billion. Funds borrowed under the credit agreement may be used for working capital, capital expenditures, acquisitions and other general corporate purposes. As of March 31, 2022, no borrowings were outstanding under our $2 billion credit agreement. However, as described above, we have an up to $1.5 billion commercial paper program and are required to maintain available borrowing capacity under our credit agreement in order to repay commercial paper borrowings in the event we are unable to repay those borrowings from other sources when they become due, in an aggregate amount of $1.5 billion. As of March 31, 2022, no borrowings were outstanding under our commercial paper program; therefore, $2 billion of borrowing capacity was available for other purposes permitted by the credit agreement, subject to customary conditions to borrowing. The credit agreement includes a covenant limiting our consolidated leverage ratio to no more than 4.0:1.0, subject to, upon the occurrence of a qualified material acquisition, if so elected by us, a step-up to 4.5:1.0 for the four fiscal quarters completed following such qualified material acquisition. The credit agreement includes customary events of default, with corresponding grace periods in certain circumstances, including payment defaults, cross-defaults and bankruptcy-related defaults. In addition, the credit agreement contains customary affirmative and negative covenants, including restrictions regarding the incurrence of liens and subsidiary indebtedness, in each case, subject to customary exceptions. The credit agreement also contains customary representations and warranties. We were in compliance with all financial covenants in our outstanding debt instruments during the three months ended March 31, 2022.

Supplemental Consolidated Finan

Supplemental Consolidated Financial Information	3 Months Ended
	Mar. 31, 2022
Balance Sheet Components [Abstract]
Supplemental Consolidated Financial Information	Supplemental Consolidated Financial Information Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. Accounts receivable represents amounts invoiced and revenue recognized prior to invoicing when we have satisfied our performance obligation and have the unconditional right to payment. The allowance for doubtful accounts and authorized credits is estimated based upon our assessment of various factors including historical experience, the age of the accounts receivable balances, current economic conditions reasonable and supportable forecasts, and other factors that may affect our customers’ ability to pay. The allowance for doubtful accounts and authorized credits was $60 million and $74 million as of March 31, 2022 and December 31, 2021, respectively. As of March 31, 2022, we reported an allowance for doubtful accounts of $32 million reflecting a decrease of $16 million, net of write-offs of $26 million for the three months ended March 31, 2022. As of December 31, 2021, we reported an allowance for doubtful accounts of $42 million. Deferred revenue consists of fees received related to unsatisfied performance obligations at the end of the period. Due to the generally short-term duration of contracts, the majority of the performance obligations are satisfied in the following reporting period. The amount of revenue recognized for the three month period ended March 31, 2022 that was included in the deferred revenue balance at the beginning of the period was $37 million. The amount of revenue recognized for the three month period ended March 31, 2021 that was included in the deferred revenue balance at the beginning of the period was $44 million. Cash, cash equivalents and restricted cash March 31, December 31, (In millions) Cash and cash equivalents $ 1,798 $ 1,379 Customer accounts 3 5 Restricted cash included in short-term investments 20 22 Cash, cash equivalents and restricted cash $ 1,821 $ 1,406 Customer accounts and funds receivable March 31, December 31, (In millions) Cash and cash equivalents $ 3 $ 5 Funds receivable 623 676 Customer accounts and funds receivable $ 626 $ 681 Other current assets March 31, December 31, (In millions) Payment processor advances $ 374 $ 453 Prepaid expenses 117 114 Accounts receivable, net 87 98 Other 576 442 Other current assets $ 1,154 $ 1,107 Goodwill The following table presents goodwill activity for the period indicated (in millions): December 31, Goodwill Adjustments March 31, Goodwill $ 4,178 $ — $ (37) $ 4,141 The adjustments to goodwill during the three months ended March 31, 2022 were primarily due to foreign currency translation. Accrued expenses and other current liabilities March 31, December 31, (In millions) Compensation and related benefits $ 356 $ 517 Sales and use tax and VAT accruals 348 396 Advertising accruals 194 172 Operating lease liabilities 146 150 Transaction loss reserve 110 116 Deferred revenue 38 79 Other 659 497 Accrued expenses and other current liabilities $ 1,851 $ 1,927 Gain (loss) on equity investments and warrant, net Three Months Ended 2022 2021 (In millions) Change in fair value of equity investment in Adevinta $ (1,643) $ — Change in fair value of equity investment in Gmarket (182) — Realized change in fair value of shares sold in Adyen (166) — Unrealized change in fair value of equity investment in Adyen (80) — Unrealized change in fair value of equity investment in KakaoBank (91) — Realized change in fair value of shares sold in KakaoBank (8) — Change in fair value of warrant (115) (36) Gain (loss) on other investments (6) — Total gain (loss) on equity investments and warrant, net $ (2,291) $ (36)

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Off-Balance Sheet Arrangements As of March 31, 2022, we had no off-balance sheet arrangements that have, or are reasonably likely to have, a current or future material effect on our consolidated financial condition, results of operations, liquidity, capital expenditures or capital resources. We have a cash pooling arrangement with a financial institution for cash management purposes. This arrangement allows for cash withdrawals from the financial institution based upon our aggregate operating cash balances held within the same financial institution (“Aggregate Cash Deposits”). This arrangement also allows us to withdraw amounts exceeding the Aggregate Cash Deposits up to an agreed-upon limit. The net balance of the withdrawals and the Aggregate Cash Deposits are used by the financial institution as a basis for calculating our net interest expense or income under the arrangement. As of March 31, 2022, we had a total of $1.5 billion in aggregate cash deposits, partially offset by $1.3 billion in cash withdrawals, held within the financial institution under the cash pooling arrangement. Litigation and Other Legal Matters Overview We are involved in legal and regulatory proceedings on an ongoing basis. Many of these proceedings are in early stages and may seek an indeterminate amount of damages. If we believe that a loss arising from such matters is probable and can be reasonably estimated, we accrue the estimated liability in our financial statements. If only a range of estimated losses can be determined, we accrue an amount within the range that, in our judgment, reflects the most likely outcome; if none of the estimates within that range is a better estimate than any other amount, we accrue the low end of the range. For those proceedings in which an unfavorable outcome is reasonably possible but not probable, we have disclosed an estimate of the reasonably possible loss or range of losses or we have concluded that an estimate of the reasonably possible loss or range of losses arising directly from the proceeding (i.e., monetary damages or amounts paid in judgment or settlement) is not material. If we cannot estimate the probable or reasonably possible loss or range of losses arising from a proceeding, we have disclosed that fact. In assessing the materiality of a proceeding, we evaluate, among other factors, the amount of monetary damages claimed, as well as the potential impact of non-monetary remedies sought by plaintiffs (e.g., injunctive relief) that may require us to change our business practices in a manner that could have a material adverse impact on our business. With respect to the matters disclosed in this Overview, we are unable to estimate the possible loss or range of losses that could potentially result from the application of such non-monetary remedies. Amounts accrued for legal and regulatory proceedings for which we believe a loss is probable were not material for the three months ended March 31, 2022. We have concluded, based on currently available information, that reasonably possible losses arising directly from the proceedings (i.e., monetary damages or amounts paid in judgment or settlement) in excess of our recorded accruals are also not material. However, legal and regulatory proceedings are inherently unpredictable and subject to significant uncertainties. If one or more matters were resolved against us in a reporting period for amounts in excess of management’s expectations, the impact on our operating results or financial condition for that reporting period could be material. Legal fees are expensed as incurred. General Matters Third parties have from time to time claimed, and others may claim in the future, that we have infringed their intellectual property rights. We are subject to patent disputes, and expect that we could be subject to additional patent infringement claims involving various aspects of our business as our products and services continue to expand in scope and complexity. Such claims may be brought directly or indirectly against us and/or against our customers (who may be entitled to contractual indemnification under their contracts with us), and we are subject to increased exposure to such claims as a result of our acquisitions and divestitures and in cases where we are entering new lines of business. We have in the past been forced to litigate such claims. We may also become more vulnerable to third-party claims as laws such as the Digital Millennium Copyright Act, the Lanham Act and the Communications Decency Act are interpreted by the courts, and as we expand the scope of our business (both in terms of the range of products and services that we offer and our geographical operations) and become subject to laws in jurisdictions where the underlying laws with respect to the potential liability of online intermediaries like ourselves are either unclear or less favorable. We believe that additional lawsuits alleging that we have violated patent, copyright or trademark laws will be filed against us. Intellectual property claims, whether meritorious or not, are time consuming and costly to defend and resolve, could require expensive changes in our methods of doing business or could require us to enter into costly royalty or licensing agreements on unfavorable terms. From time to time, we are involved in other disputes or regulatory inquiries that arise in the ordinary course of business, including suits by our users (individually or as class actions) alleging, among other things, improper disclosure of our prices, rules or policies, that our practices, prices, rules, policies or customer/user agreements violate applicable law or that we have acted unfairly and/or not acted in conformity with such practices, prices, rules, policies or agreements. Further, the number and significance of these disputes and inquiries are increasing as the political and regulatory landscape changes and, as we have grown larger, our businesses have expanded in scope (both in terms of the range of products and services that we offer and our geographical operations) and our products and services have increased in complexity. Any claims or regulatory actions against us, whether meritorious or not, could be time consuming, result in costly litigation, damage awards (including statutory damages for certain causes of action in certain jurisdictions), injunctive relief or increased costs of doing business through adverse judgment or settlement, require us to change our business practices in expensive ways, require significant amounts of management time, result in the diversion of significant operational resources or otherwise harm our business. From time to time, the Company receives subpoenas or requests for information from various government agencies, typically for potential misconduct by sellers on the Company’s Marketplace platforms. More recently, the Company has received subpoenas or requests for information from government agencies related to potential liability of the Company for products sold by sellers on the Marketplace platforms. The Company generally responds to government subpoenas and requests in the ordinary course of business and in a cooperative, thorough and timely manner. These responses sometimes require time and effort and can result in considerable costs being incurred by the Company. In this regard, the Company has responded to inquiries from the U.S. Department of Justice regarding products sold on the Marketplace platforms alleged to violate certain laws and regulations, including regulations of the Environmental Protection Agency and, separately, regulations of the Drug Enforcement Agency. If the Company is found to be liable for such activities on the Marketplace, it could be subject to monetary damages, changes in our business practices, or other remedies that could have a material adverse impact on our business. At this time, we are unable to estimate the possible loss because the matters are still under investigation and involve novel legal questions relevant to the Company’s potential liability. Given the uncertainties involved, the ultimate resolution of these matters may be material to our operating results for a particular period, depending on, among other factors, the size of the loss or liability imposed and the level of our net income or loss for that period. Indemnification Provisions We entered into a separation and distribution agreement and various other agreements with PayPal to govern the separation and relationship of the two companies. These agreements provide for specific indemnity and liability obligations and could lead to disputes between us and PayPal, which may be significant. In addition, the indemnity rights we have against PayPal under the agreements may not be sufficient to protect us and our indemnity obligations to PayPal may be significant. In addition, we have entered into indemnification agreements with each of our directors, executive officers and certain other officers. These agreements require us to indemnify such individuals, to the fullest extent permitted by Delaware law, for certain liabilities to which they may become subject as a result of their affiliation with us.

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Stockholders’ Equity	Stockholders’ Equity Stock Repurchase Program Our stock repurchase programs are intended to programmatically offset the impact of dilution from our equity compensation programs and, subject to market conditions and other factors, to make opportunistic and programmatic repurchases of our common stock to reduce our outstanding share count. Any share repurchases under our stock repurchase programs may be made through open market transactions, block trades, privately negotiated transactions (including accelerated share repurchase transactions) or other means at times and in such amounts as management deems appropriate and will be funded from our working capital or other financing alternatives. Our stock repurchase programs may be limited or terminated at any time without prior notice. The timing and actual number of shares repurchased will depend on a variety of factors, including corporate and regulatory requirements, price and other market conditions and management’s determination as to the appropriate use of our cash. In August 2021 our Board authorized an additional $3.0 billion stock repurchase program and in February 2022 our Board authorized an additional $4.0 billion stock repurchase program . These stock repurchase programs have no expiration from the date of authorization. On October 29, 2021, we entered into accelerated share repurchase agreements (the “2021 ASR Agreements”) with two financial institutions (each a “2021 ASR Counterparty”), as part of our share repurchase program. Under the 2021 ASR Agreements, we paid an aggregate amount of $2.5 billion to the 2021 ASR Counterparties and received an initial delivery of approximately 29.3 million shares of our common stock, which were recorded as a $2,125 million increase to treasury stock. In December 2021, the 2021 ASR Agreement with one of the 2021 ASR Counterparties settled and resulted in a delivery of approximately 3.4 million additional shares of our common stock, which were recorded as a $188 million increase to treasury stock. The remaining $188 million was evaluated as an unsettled forward contract indexed to our own stock, classified within stockholders’ equity as of December 31, 2021. In January 2022, the 2021 ASR Agreement with the remaining 2021 ASR Counterparty settled and resulted in a delivery of approximately 3.3 million additional shares of our common stock. The related forward contract was settled and recorded as a $188 million increase to treasury stock during the three months ended March 31, 2022. In total under the 2021 ASR Agreements, approximately 36.0 million shares were repurchased at an average price per share of $69.43. The following table summarizes stock repurchase activity under our stock repurchase programs for the period indicated (in millions, except per share amounts): Shares Repurchased (1) Average Price per Share (2) Value of Shares Repurchased (2) Remaining Amount Authorized Balance as of January 1, 2022 $ 1,991 Authorization of additional plan in February 2022 4,000 Repurchase of shares of common stock 22 $ 57.34 $ 1,250 (1,250) Accelerated share repurchases (3) 3 $ — — Balance as of March 31, 2022 $ 4,741 (1) These repurchased shares of common stock were recorded as treasury stock and were accounted for under the cost method. None of the repurchased shares of common stock have been retired. (2) Excludes broker commissions. (3) As indicated above, in January 2022, the 2021 ASR Agreement with the remaining ASR Counterparty settled and resulted in delivery of approximately 3.3 million additional shares. For the three months ended March 31, 2022, s hare repurchases of $1.25 billion included $181 million of unsettled shares as of March 31, 2022 , which were subsequently settled in the second quarter of 2022. Dividends The Company paid a total of $129 million and $122 million in cash dividends during the three months ended March 31, 2022 and 2021, respectively. In May 2022, our Board of Directors declared a cash dividend of $0.22 per share of common stock to be paid on June 17, 2022 to stockholders of record as of June 1, 2022.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Employee Benefit Plans	Employee Benefit Plans Restricted Stock Unit Activity The following table presents restricted stock unit (“RSU”) activity under our equity incentive plans for the period indicated (in millions): Units Outstanding as of January 1, 2022 20 Awarded 1 Vested (3) Forfeited (1) Outstanding as of March 31, 2022 17 The weighted average grant date fair value for RSUs awarded during the three months ended March 31, 2022 was $57.82 per share. Stock-Based Compensation Expense The following table presents the impact on our results of continuing operations of recording stock-based compensation expense for the periods indicated (in millions): Three Months Ended 2022 2021 Cost of net revenues $ 12 $ 10 Sales and marketing 20 20 Product development 45 42 General and administrative 34 31 Total stock-based compensation expense $ 111 $ 103 Capitalized in product development $ 4 $ 3

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We are subject to both direct and indirect taxation in the U.S. and various states and foreign jurisdictions. We are under examination by certain tax authorities for the 2010 to 2020 tax years. We believe that adequate amounts have been reserved for any adjustments that may ultimately result from these or other examinations. The material jurisdictions where we are subject to potential examination by tax authorities for tax years after 2009 include, among others, the U.S. (Federal and California), Germany, Israel, Singapore, Switzerland and the United Kingdom. Although the timing of the resolution and/or closure of audits is highly uncertain, it is reasonably possible that the balance of gross unrecognized tax benefits could significantly change in the next 12 months. However, given the number of years remaining subject to examination and the number of matters being examined, we are unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax benefits. We have recognized the tax consequences of all foreign unremitted earnings and management has no specific plans to indefinitely reinvest the unremitted earnings of our foreign subsidiaries as of the balance sheet date. We have not provided for deferred taxes on outside basis differences in our investments in our foreign subsidiaries that are unrelated to unremitted earnings. These basis differences will be indefinitely reinvested. A determination of the unrecognized deferred taxes related to these other components of our outside basis difference is not practicable.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The following tables summarize the changes in AOCI for the periods indicated (in millions): Unrealized Gains (Losses) on Derivative Instruments Unrealized Foreign Estimated Tax (Expense) Benefit Total Balance as of December 31, 2021 $ 65 $ (7) $ 328 $ 12 $ 398 Other comprehensive income (loss) before reclassifications 27 (51) (34) 8 (50) Less: Amount of gain (loss) reclassified from AOCI 7 — — (1) 6 Net current period other comprehensive income (loss) 20 (51) (34) 9 (56) Balance as of March 31, 2022 $ 85 $ (58) $ 294 $ 21 $ 342 Unrealized Gains (Losses) on Derivative Instruments Unrealized Foreign Estimated Tax (Expense) Benefit Total Balance as of December 31, 2020 $ (85) $ 5 $ 654 $ 42 $ 616 Other comprehensive income (loss) before reclassifications 46 (3) (117) (11) (85) Less: Amount of gain (loss) reclassified from AOCI (28) — — 6 (22) Net current period other comprehensive income (loss) 74 (3) (117) (17) (63) Balance as of March 31, 2021 $ (11) $ 2 $ 537 $ 25 $ 553 The following table summarizes the reclassifications out of AOCI for the periods indicated (in millions): Details about AOCI Components Affected Line Item in the Statement of Income Amount of Gain (Loss) Reclassified From AOCI for the 2022 2021 Gains (losses) on cash flow hedges: Foreign exchange contracts Net revenues $ 6 $ (28) Foreign exchange contracts Cost of net revenues — 1 Interest rate contracts Interest and other, net 1 (1) Total, from continuing operations before income taxes 7 (28) Provision for income taxes (1) 6 Total, from continuing operations net of income taxes 6 (22) Total reclassifications for the period Total, net of income taxes $ 6 $ (22)

The Company and Summary of Si_2

The Company and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, we evaluate our estimates, including those related to provisions for transaction losses, legal contingencies, income taxes, revenue recognition, stock-based compensation, investments including level 3 investments in Gmarket and warrant, the recoverability of goodwill and intangible assets. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ from those estimates.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying condensed financial statements are consolidated and include the financial statements of eBay Inc., our wholly and majority-owned subsidiaries and variable interest entities (“VIE”) where we are the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Minority interests are recorded as a noncontrolling interest. A qualitative approach is applied to assess the consolidation requirement for VIE’s. Equity investments in entities where we have not elected the fair value option and where we hold at least a 20% ownership interest or have the ability to exercise significant influence, but not control, over the investee are accounted for using the equity method of accounting. For such investments, our share of the investees’ results of operations is included in gain (loss) on equity investments and warrant, net and our equity investment balance is included in long-term investments. Equity investments in entities where we hold less than a 20% ownership interest are generally accounted for as equity investments to be measured at fair value or, under an election, at cost if it does not have readily determinable fair value, in which case the carrying value would be adjusted upon the occurrence of an observable price change in an orderly transaction for identical or similar instruments or impairment. Upon the transfer of our Classifieds business to Adevinta ASA (“Adevinta”) on June 24, 2021, shares in Adevinta were included as part of total consideration received under the definitive agreement. The equity interest in Adevinta is accounted for under the fair value option. As of March 31, 2022, our ownership in Adevinta was 33%. Subsequent changes in fair value are included in gain (loss) on equity investments and warrant, net. Additionally, upon completion of the sale of 80.01% of the outstanding equity interests of eBay Korea LLC, a limited liability company incorporated under the laws of Korea and a wholly owned subsidiary of eBay KTA (“eBay Korea”) to E-mart Inc. and one of its wholly owned subsidiaries (together, “Emart”) on November 14, 2021, we retained 19.99% of the outstanding equity interests of the new entity, Gmarket Global LLC (“Gmarket”) formerly known as Apollo Korea, which is accounted for under the fair value option. Subsequent changes in fair value are included in gain (loss) on equity investments and warrant, net and our equity investment balance is included in long-term investments.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In March 2022, the Financial Accounting Standards Board issued new guidance to expand the scope of financial assets that can be included in a closed portfolio hedged using the portfolio layer method to allow consistent accounting for similar hedges. The expanded scope permits the application of the same portfolio hedging method to both prepayable and nonprepayable financial assets. The standard will be effective for annual reporting periods beginning after December 15, 2022, including interim reporting periods within those fiscal years. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of basic and diluted net income per share	The following table presents the computation of basic and diluted net income (loss) per share for the periods indicated (in millions, except per share amounts): Three Months Ended 2022 2021 Numerator: Income (loss) from continuing operations $ (1,339) $ 568 Income (loss) from discontinued operations, net of income taxes (2) 73 Net income (loss) $ (1,341) $ 641 Denominator: Weighted average shares of common stock - basic 587 681 Dilutive effect of equity incentive awards — 12 Weighted average shares of common stock - diluted 587 693 Income (loss) per share - basic: Continuing operations $ (2.28) $ 0.83 Discontinued operations — 0.11 Net income (loss) per share - basic $ (2.28) $ 0.94 Income (loss) per share - diluted: Continuing operations $ (2.28) $ 0.82 Discontinued operations — 0.10 Net income (loss) per share - diluted $ (2.28) $ 0.92 Common stock equivalents excluded from income (loss) per diluted share because their effect would have been anti-dilutive 7 1

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Financial results of discontinued operations	The following table presents financial results from discontinued operations, net of income taxes in our condensed consolidated statement of income for the periods indicated (in millions): Three Months Ended 2022 2021 Classifieds income (loss) from discontinued operations, net of income taxes $ — $ 72 eBay Korea income (loss) from discontinued operations, net of income taxes (2) 1 Income (loss) from discontinued operations, net of income taxes $ (2) $ 73 The following table presents cash flows for discontinued operations for the periods indicated (in millions): Three Months Ended 2022 2021 Classifieds net cash provided by (used in) discontinued operating activities $ (1) $ 104 eBay Korea net cash provided by (used in) discontinued operating activities (15) (10) Net cash provided by (used in) discontinued operating activities $ (16) $ 94 Classifieds net cash used in discontinued investing activities $ — $ (1) eBay Korea net cash used in discontinued investing activities — (1) Net cash used in discontinued investing activities $ — $ (2) Classifieds net cash provided by (used in) discontinued financing activities $ — $ — eBay Korea net cash used in discontinued financing activities — (68) Net cash used in discontinued financing activities $ — $ (68) Classifieds The financial results of Classifieds are presented as income from discontinued operations, net of income taxes on our condensed consolidated statement of income through June 24, 2021, when the transfer of Classifieds was completed. Each period presented below includes the impact of intercompany revenue agreements through June 24, 2021. The impact of these intercompany revenue agreements to net revenues and cost of net revenues was $2 million for the three months ended March 31, 2021. The continuing revenue and cash flows are not considered to be material. The following table presents the financial results of Classifieds for the periods indicated (in millions): Three Months Ended 2022 2021 Net revenues $ — $ 276 Cost of net revenues — 30 Gross profit — 246 Operating expenses: Sales and marketing — 87 Product development — 43 General and administrative — 27 Provision for transaction losses — 2 Amortization of acquired intangible assets — — Total operating expenses — 159 Income (loss) from operations of discontinued operations — 87 Interest and other, net — 1 Income (loss) from discontinued operations before income taxes — 88 Income tax provision — (16) Income (loss) from discontinued operations, net of income taxes $ — $ 72 eBay Korea The financial results of eBay Korea 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 eBay Korea (in millions): Three Months Ended 2022 2021 Net revenues $ — $ 385 Cost of net revenues — 217 Gross profit — 168 Operating expenses: Sales and marketing — 141 Product development — 14 General and administrative 2 12 Total operating expenses 2 167 Income (loss) from operations of discontinued operations (2) 1 Interest and other, net — — Income (loss) from discontinued operations before income taxes (2) 1 Income tax benefit (provision) — — Income (loss) from discontinued operations, net of income taxes $ (2) $ 1

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of revenue by type	The following table summarizes net revenues by type for the periods indicated (in millions): Three Months Ended 2022 2021 Net revenues by type: Net transaction revenues $ 2,355 $ 2,476 Marketing services and other revenues 128 162 Total net revenues $ 2,483 $ 2,638
Schedule of revenue by geographic area	The following table summarizes the allocation of net revenues based on geography for the periods indicated (in millions): Three Months Ended 2022 2021 U.S. $ 1,226 $ 1,296 United Kingdom 418 503 Germany 273 344 Rest of world 566 495 Total net revenues $ 2,483 $ 2,638

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2022
Investments [Abstract]
Fair value of short and long-term investments classified as available for sale	The following tables summarize the unrealized gains and losses and estimated fair value of our investments classified as available-for-sale debt securities and restricted cash as of the dates indicated (in millions): March 31, 2022 Gross Gross Gross Estimated Short-term investments: Restricted cash $ 20 $ — $ — $ 20 Corporate debt securities 2,907 — — 2,907 Government and agency securities 40 — — 40 $ 2,967 $ — $ — $ 2,967 Long-term investments: Corporate debt securities $ 812 $ — $ (28) $ 784 Government and agency securities 798 — (28) 770 $ 1,610 $ — $ (56) $ 1,554 December 31, 2021 Gross Gross Gross Estimated Short-term investments: Restricted cash $ 22 $ — $ — $ 22 Corporate debt securities 4,151 1 — 4,152 Government and agency securities 25 — — 25 $ 4,198 $ 1 $ — $ 4,199 Long-term investments: Corporate debt securities $ 954 $ 1 $ (5) $ 950 Government and agency securities 779 — (2) 777 $ 1,733 $ 1 $ (7) $ 1,727
Estimated fair values of short and long-term investments classified by date of contractual maturity	The following table presents estimated fair values of our short-term and long-term investments classified as available-for-sale debt securities and restricted cash by date of contractual maturity as of the date indicated (in millions): March 31, 2022 One year or less (including restricted cash of $20) $ 2,967 One year through two years 427 Two years through three years 663 Three years through four years 329 Four years through five years 135 $ 4,521
Schedule of equity method investments	The following table summarizes our equity investments as of the dates indicated (in millions): Balance Sheet Location March 31, 2022 December 31, 2021 Equity investments with readily determinable fair values Short-term investments $ 804 $ 1,745 Equity investment in Adevinta Equity investment in Adevinta 3,748 5,391 Equity investment under the fair value option Long-term investments 543 725 Equity investments under the equity method of accounting Long-term investments 38 38 Equity investments without readily determinable fair values Long-term investments 78 85 Total equity investments $ 5,211 $ 7,984
Schedule of equity securities without readily determinable fair value	The following table summarizes the change in total carrying value related to equity investments without readily determinable fair values still held for the periods indicated (in millions): Three Months Ended 2022 2021 Carrying value, beginning of period $ 85 $ 539 Downward adjustments for observable price changes and impairment (7) — Foreign currency translation and other — (11) Carrying value, end of period $ 78 $ 528
Summary of unrealized gains and losses	The following table summarizes unrealized gains and losses related to equity investments held at March 31, 2022 and presented within gain (loss) on equity investments and warrant, net for the periods indicated (in millions): Three Months Ended 2022 2021 Net gains/(losses) recognized during the period on equity investments $ (2,177) $ — Less: Net gains/(losses) recognized during the period on equity investments sold during the period (174) — Total unrealized gains/(losses) on equity investments held at March 31, 2022 $ (2,003) $ —

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of fair value of outstanding derivative instruments	The following table presents fair values of our outstanding derivative instruments as of the dates indicated (in millions): Balance Sheet Location March 31, December 31, Derivative Assets: Foreign exchange contracts designated as cash flow hedges Other current assets $ 82 $ 63 Foreign exchange contracts not designated as hedging instruments Other current assets 25 22 Interest rate contracts designated as cash flow hedges Other current assets 4 — Warrant Other assets 329 444 Foreign exchange contracts designated as cash flow hedges Other assets 25 24 Total derivative assets $ 465 $ 553 Derivative Liabilities: Foreign exchange contracts designated as cash flow hedges Other current liabilities $ 6 $ — Foreign exchange contracts not designated as hedging instruments Other current liabilities 11 17 Foreign exchange contracts designated as cash flow hedges Other liabilities 1 — Total derivative liabilities $ 18 $ 17 Total fair value of derivative instruments $ 447 $ 536
Impact of derivative contracts on accumulated other comprehensive income	The following tables present the activity of derivative instruments designated as cash flow hedges as of March 31, 2022 and December 31, 2021, and the impact of these derivative contracts on AOCI for the periods indicated (in millions): December 31, 2021 Amount of Gain (Loss) Recognized in Other Comprehensive Income Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings March 31, 2022 Foreign exchange contracts designated as cash flow hedges $ 25 $ 25 $ 6 $ 44 Interest rate contracts designated as cash flow hedges 30 2 1 31 Total $ 55 $ 27 $ 7 $ 75 December 31, 2020 Amount of Gain (Loss) Recognized in Other Comprehensive Income Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings March 31, 2021 Foreign exchange contracts designated as cash flow hedges $ (95) $ 3 $ (27) $ (65) Interest rate contracts designated as cash flow hedges 10 43 (1) 54 Total $ (85) $ 46 $ (28) $ (11)
Recognized gains or losses related to derivative instruments	The following table summarizes the total gain (loss) recognized in the condensed consolidated statement of income from our foreign exchange derivative contracts by location for the periods indicated (in millions): Three Months Ended 2022 2021 Foreign exchange contracts designated as cash flow hedges recognized in net revenues $ 6 $ (28) Foreign exchange contracts designated as cash flow hedges recognized in cost of net revenues — 1 Foreign exchange contracts not designated as hedging instruments recognized in interest and other, net 15 (6) Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income $ 21 $ (33) The following table summarizes the total gain (loss) recognized in the condensed consolidated statement of income from our interest rate derivative contracts by location for the periods indicated (in millions): Three Months Ended 2022 2021 Gain (loss) from interest rate contracts designated as cash flow hedges recognized in interest and other, net $ 1 $ (1) The following table summarizes the total gain (loss) recognized in the condensed consolidated statement of income due to changes in the fair value of the warrant for the periods indicated (in millions): Three Months Ended 2022 2021 Gain (loss) attributable to changes in the fair value of warrant recognized in gain (loss) on equity investments and warrant, net $ (115) $ (36)
Notional amounts of outstanding derivatives	The following table presents the notional amounts of our outstanding derivatives as of the dates indicated (in millions): March 31, December 31, Foreign exchange contracts designated as cash flow hedges $ 2,180 $ 2,066 Foreign exchange contracts not designated as hedging instruments 2,229 3,159 Interest rate contracts designated as cash flow hedges 400 400 Total $ 4,809 $ 5,625

Fair Value Measurement of Ass_2

Fair Value Measurement of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of fair value of assets and liabilities measured on a recurring basis	The following tables present our financial assets and liabilities measured at fair value on a recurring basis as of the dates indicated (in millions): March 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash and cash equivalents $ 1,798 $ 1,798 $ — $ — Short-term investments: Restricted cash 20 20 — — Corporate debt securities 2,907 — 2,907 — Government and agency securities 40 — 40 — Equity investments with readily determinable fair values 804 804 — — Total short-term investments 3,771 824 2,947 — Equity investment in Adevinta 3,748 3,748 — — Derivatives 465 — 136 329 Long-term investments: Corporate debt securities 784 — 784 — Government and agency securities 770 — 770 — Equity investment under the fair value option 543 — — 543 Total long-term investments 2,097 — 1,554 543 Total financial assets $ 11,879 $ 6,370 $ 4,637 $ 872 Liabilities: Derivatives $ 18 $ — $ 18 $ — December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs (Level 3) Assets: Cash and cash equivalents $ 1,379 $ 1,379 $ — $ — Short-term investments: Restricted cash 22 22 — — Corporate debt securities 4,152 — 4,152 — Government and agency securities 25 — 25 — Equity investments with readily determinable fair values 1,745 1,745 — — Total short-term investments 5,944 1,767 4,177 — Equity investment in Adevinta 5,391 5,391 — — Derivatives 553 — 109 444 Long-term investments: Corporate debt securities 950 — 950 — Government and agency securities 777 — 777 — Equity investment under the fair value option 725 — — 725 Total long-term investments 2,452 — 1,727 725 Total financial assets $ 15,719 $ 8,537 $ 6,013 $ 1,169 Liabilities: Derivatives $ 17 $ — $ 17 $ —
Schedule of assets measured using significant unobservable inputs	The following tables present a reconciliation of the opening to closing balance of assets measured using significant unobservable inputs (Level 3) as of the dates indicated (in millions): March 31, December 31, Opening balance at beginning of period $ 444 $ 1,051 Exercise of options under warrant — (961) Change in fair value (115) 354 Closing balance at end of period $ 329 $ 444 The following table presents quantitative information about Level 3 significant unobservable inputs used in the fair value measurement of the warrant as of March 31, 2022 (in millions): Fair value Valuation technique Unobservable Input Range (weighted average) (1) Warrant $ 329 Black-Scholes and Monte Carlo Probability of vesting 0.0% - 55.0% (50%) Equity volatility (42%) (1) Probability of vesting was weighted by the unadjusted value of the tranches. For volatility, the average represents the arithmetic average of the points within the range and is not weighted by the relative fair value or notional amount. The following table presents a reconciliation of the opening to closing balance of the equity investment in Gmarket measured using significant unobservable inputs (Level 3) as of the dates indicated (in millions): March 31, December 31, 2021 (1) Opening balance at beginning of period $ 725 $ — Recognition of equity investment — 728 Change in fair value (182) (3) Closing balance at end of period $ 543 $ 725 (1) There were no indicators of a potential material change in fair value of the investment between the date of recognition and December 31, 2021. The fair value of the investment was $725 million as of December 31, 2021 due to foreign currency adjustments. This investment is classified within Level 3 in the fair value hierarchy as valuation of the investment reflects management’s estimate of assumptions that market participants would use in pricing the asset. The following table presents quantitative information about Level 3 significant unobservable inputs used in the fair value measurement of the equity investment in Gmarket as of March 31, 2022 that may have a significant impact on the overall valuation (in millions): Fair value Valuation technique Unobservable Input Range Equity investment in Gmarket $ 543 Market multiples Revenue multiple — GPC method (1) 1.2x — 2.5x Revenue multiple — GMAC method (1) 1.4x — 4.1x (1) The primary unobservable inputs used in the fair value measurement of our equity investment in Gmarket under the fair value option, when using the Guideline Public Company (GPC) method and the Guideline Merged and Acquired Company (GMAC) method under the market multiple approach, are the respective revenue multiples. Significant increases (decreases) in the revenue multiples in isolation would result in significantly higher (lower) fair value measurement. The market multiples are derived from respective groups of guideline public companies and guideline merged and acquired companies.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Carrying value of outstanding debt	The following table summarizes the carrying value of our outstanding debt as of the dates indicated (in millions, except percentages): Coupon As of Effective As of Effective Rate March 31, 2022 Interest Rate December 31, 2021 Interest Rate Long-Term Debt Floating Rate Notes: Senior notes due 2023 LIBOR plus 0.87% $ 400 1.100 % $ 400 1.100 % Fixed Rate Notes: Senior notes due 2022 — % — — % 750 3.989 % Senior notes due 2022 2.600 % 605 2.678 % 605 2.678 % Senior notes due 2023 2.750 % 750 2.866 % 750 2.866 % Senior notes due 2024 3.450 % 750 3.531 % 750 3.531 % Senior notes due 2025 1.900 % 800 1.803 % 800 1.803 % Senior notes due 2026 1.400 % 750 1.252 % 750 1.252 % Senior notes due 2027 3.600 % 850 3.689 % 850 3.689 % Senior notes due 2030 2.700 % 950 2.623 % 950 2.623 % Senior notes due 2031 2.600 % 750 2.186 % 750 2.186 % Senior notes due 2042 4.000 % 750 4.114 % 750 4.114 % Senior notes due 2051 3.650 % 1,000 2.517 % 1,000 2.517 % Total senior notes 8,355 9,105 Hedge accounting fair value adjustments (1) 7 7 Unamortized premium/(discount) and debt issuance costs (29) (30) Less: Current portion of long-term debt (1,755) (1,355) Total long-term debt 6,578 7,727 Short-Term Debt Current portion of long-term debt 1,755 1,355 Total short-term debt 1,755 1,355 Total Debt $ 8,333 $ 9,082 (1) Includes the fair value adjustments to debt associated with terminated interest rate swaps which are being recorded as a reduction to interest expense over the remaining term of the related notes.

Supplemental Consolidated Fin_2

Supplemental Consolidated Financial Information (Tables)	3 Months Ended
	Mar. 31, 2022
Balance Sheet Components [Abstract]
Schedule of cash and cash equivalents	Cash, cash equivalents and restricted cash March 31, December 31, (In millions) Cash and cash equivalents $ 1,798 $ 1,379 Customer accounts 3 5 Restricted cash included in short-term investments 20 22 Cash, cash equivalents and restricted cash $ 1,821 $ 1,406
Restrictions on cash and cash equivalents	Cash, cash equivalents and restricted cash March 31, December 31, (In millions) Cash and cash equivalents $ 1,798 $ 1,379 Customer accounts 3 5 Restricted cash included in short-term investments 20 22 Cash, cash equivalents and restricted cash $ 1,821 $ 1,406
Customer accounts and funds receivable	Customer accounts and funds receivable March 31, December 31, (In millions) Cash and cash equivalents $ 3 $ 5 Funds receivable 623 676 Customer accounts and funds receivable $ 626 $ 681
Schedule of other current assets	Other current assets March 31, December 31, (In millions) Payment processor advances $ 374 $ 453 Prepaid expenses 117 114 Accounts receivable, net 87 98 Other 576 442 Other current assets $ 1,154 $ 1,107
Schedule of goodwill activity	The following table presents goodwill activity for the period indicated (in millions): December 31, Goodwill Adjustments March 31, Goodwill $ 4,178 $ — $ (37) $ 4,141
Schedule of accrued expenses and other current liabilities	Accrued expenses and other current liabilities March 31, December 31, (In millions) Compensation and related benefits $ 356 $ 517 Sales and use tax and VAT accruals 348 396 Advertising accruals 194 172 Operating lease liabilities 146 150 Transaction loss reserve 110 116 Deferred revenue 38 79 Other 659 497 Accrued expenses and other current liabilities $ 1,851 $ 1,927
Schedule of gain (loss) on equity method investments and warrants	Gain (loss) on equity investments and warrant, net Three Months Ended 2022 2021 (In millions) Change in fair value of equity investment in Adevinta $ (1,643) $ — Change in fair value of equity investment in Gmarket (182) — Realized change in fair value of shares sold in Adyen (166) — Unrealized change in fair value of equity investment in Adyen (80) — Unrealized change in fair value of equity investment in KakaoBank (91) — Realized change in fair value of shares sold in KakaoBank (8) — Change in fair value of warrant (115) (36) Gain (loss) on other investments (6) — Total gain (loss) on equity investments and warrant, net $ (2,291) $ (36)

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Summary of stock repurchase activity under stock repurchase program	The following table summarizes stock repurchase activity under our stock repurchase programs for the period indicated (in millions, except per share amounts): Shares Repurchased (1) Average Price per Share (2) Value of Shares Repurchased (2) Remaining Amount Authorized Balance as of January 1, 2022 $ 1,991 Authorization of additional plan in February 2022 4,000 Repurchase of shares of common stock 22 $ 57.34 $ 1,250 (1,250) Accelerated share repurchases (3) 3 $ — — Balance as of March 31, 2022 $ 4,741 (1) These repurchased shares of common stock were recorded as treasury stock and were accounted for under the cost method. None of the repurchased shares of common stock have been retired. (2) Excludes broker commissions. (3) As indicated above, in January 2022, the 2021 ASR Agreement with the remaining ASR Counterparty settled and resulted in delivery of approximately 3.3 million additional shares.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of restricted stock unit activity	The following table presents restricted stock unit (“RSU”) activity under our equity incentive plans for the period indicated (in millions): Units Outstanding as of January 1, 2022 20 Awarded 1 Vested (3) Forfeited (1) Outstanding as of March 31, 2022 17
Schedule of stock-based compensation expense	The following table presents the impact on our results of continuing operations of recording stock-based compensation expense for the periods indicated (in millions): Three Months Ended 2022 2021 Cost of net revenues $ 12 $ 10 Sales and marketing 20 20 Product development 45 42 General and administrative 34 31 Total stock-based compensation expense $ 111 $ 103 Capitalized in product development $ 4 $ 3

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Changes in accumulated balances of other comprehensive income	The following tables summarize the changes in AOCI for the periods indicated (in millions): Unrealized Gains (Losses) on Derivative Instruments Unrealized Foreign Estimated Tax (Expense) Benefit Total Balance as of December 31, 2021 $ 65 $ (7) $ 328 $ 12 $ 398 Other comprehensive income (loss) before reclassifications 27 (51) (34) 8 (50) Less: Amount of gain (loss) reclassified from AOCI 7 — — (1) 6 Net current period other comprehensive income (loss) 20 (51) (34) 9 (56) Balance as of March 31, 2022 $ 85 $ (58) $ 294 $ 21 $ 342 Unrealized Gains (Losses) on Derivative Instruments Unrealized Foreign Estimated Tax (Expense) Benefit Total Balance as of December 31, 2020 $ (85) $ 5 $ 654 $ 42 $ 616 Other comprehensive income (loss) before reclassifications 46 (3) (117) (11) (85) Less: Amount of gain (loss) reclassified from AOCI (28) — — 6 (22) Net current period other comprehensive income (loss) 74 (3) (117) (17) (63) Balance as of March 31, 2021 $ (11) $ 2 $ 537 $ 25 $ 553
Reclassifications out of accumulated other comprehensive income	The following table summarizes the reclassifications out of AOCI for the periods indicated (in millions): Details about AOCI Components Affected Line Item in the Statement of Income Amount of Gain (Loss) Reclassified From AOCI for the 2022 2021 Gains (losses) on cash flow hedges: Foreign exchange contracts Net revenues $ 6 $ (28) Foreign exchange contracts Cost of net revenues — 1 Interest rate contracts Interest and other, net 1 (1) Total, from continuing operations before income taxes 7 (28) Provision for income taxes (1) 6 Total, from continuing operations net of income taxes 6 (22) Total reclassifications for the period Total, net of income taxes $ 6 $ (22)

The Company and Summary of Si_3

The Company and Summary of Significant Accounting Policies (Details)	Mar. 31, 2022	Nov. 14, 2021
Adevinta
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage after sale	33.00%
GMarket
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage after sale		19.99%
Discontinued Operations, Disposed of by Sale | eBay Korea
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of outstanding equity interests sold		80.01%

Net Income (Loss) Per Share (De

Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Numerator:
Income (loss) from continuing operations	$ (1,339)	$ 568
Income (loss) from discontinued operations, net of income taxes	(2)	73
Net income (loss)	$ (1,341)	$ 641
Denominator:
Weighted average shares of common stock - basic (in shares)	587	681
Dilutive effect of equity incentive awards (in shares)	0	12
Weighted average shares of common stock - diluted (in shares)	587	693
Income (loss) per share - basic:
Continuing operations (in usd per share)	$ (2.28)	$ 0.83
Discontinued operations (in usd per share)	0	0.11
Net income (loss) per share - basic (in usd per share)	(2.28)	0.94
Income (loss) per share - diluted:
Continuing operations (in usd per share)	(2.28)	0.82
Discontinued operations (in usd per share)	0	0.10
Net income (loss) per share - diluted (in usd per share)	$ (2.28)	$ 0.92
Common stock equivalents excluded from income (loss) per diluted share because their effect would have been anti-dilutive (in shares)	7	1

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - USD ($) shares in Millions, $ in Millions	Nov. 14, 2021	Jun. 24, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Nov. 18, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cost of net revenues			$ 689		$ 606
Adevinta
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction service agreement, fees		$ 29
Transaction service agreement, extension term		6 months
Adevinta | Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction service agreement, term		6 months
Adevinta | Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction service agreement, term		12 months
eBay Korea | Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transition service agreement, period	6 months
eBay Korea | Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transition service agreement, extension period	3 months
Adevinta
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage		44.00%				25.00%
Classifieds | Intercompany
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues					2
Cost of net revenues					$ 2
Discontinued Operations, Disposed of by Sale | Classifieds
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business		$ 2,500
Number of shares received from the sale		540
Amount of consideration received subject to adjustments		$ 13,300
Pre-tax gain from disposal of business		12,500
Income tax expense on gain on disposal of business		$ 2,100
Discontinued Operations, Disposed of by Sale | eBay Korea
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business	$ 3,000
Pre-tax gain from disposal of business	3,200
Income tax expense on gain on disposal of business	$ 369
Percentage of outstanding equity interests sold	80.01%
Currency translation adjustment on disposal of business	$ 81
Gain on net investment hedge settlement				$ 44

Discontinued Operations - Summa

Discontinued Operations - Summary of Financial Results (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating expenses:
Income (loss) from discontinued operations, net of income taxes	$ (2)	$ 73
Discontinued Operations, Disposed of by Sale | Classifieds
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues	0	276
Cost of net revenues	0	30
Gross profit	0	246
Operating expenses:
Sales and marketing	0	87
Product development	0	43
General and administrative	0	27
Provision for transaction losses	0	2
Amortization of acquired intangible assets	0	0
Total operating expenses	0	159
Income (loss) from operations of discontinued operations	0	87
Interest and other, net	0	1
Income (loss) from discontinued operations before income taxes	0	88
Income tax benefit (provision)	0	(16)
Income (loss) from discontinued operations, net of income taxes	0	72
Discontinued Operations, Held-for-sale | eBay Korea
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues	0	385
Cost of net revenues	0	217
Gross profit	0	168
Operating expenses:
Sales and marketing	0	141
Product development	0	14
General and administrative	2	12
Total operating expenses	2	167
Income (loss) from operations of discontinued operations	(2)	1
Interest and other, net	0	0
Income (loss) from discontinued operations before income taxes	(2)	1
Income tax benefit (provision)	0	0
Income (loss) from discontinued operations, net of income taxes	$ (2)	$ 1

Discontinued Operations - Sum_2

Discontinued Operations - Summary of Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) discontinued operating activities	$ (16)	$ 94
Net cash used in discontinued investing activities	0	(2)
Net cash provided by (used in) discontinued financing activities	0	(68)
eBay Korea
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) discontinued operating activities	(15)	(10)
Net cash used in discontinued investing activities	0	(1)
Net cash provided by (used in) discontinued financing activities	0	(68)
Classifieds
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) discontinued operating activities	(1)	104
Net cash used in discontinued investing activities	0	(1)
Net cash provided by (used in) discontinued financing activities	$ 0	$ 0

Segments (Details)

Segments (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment	1
Number of reportable segments | segment	1
Net revenues by type:
Total consolidated net revenue	$ 2,483	$ 2,638
U.S.
Net revenues by type:
Total consolidated net revenue	1,226	1,296
United Kingdom
Net revenues by type:
Total consolidated net revenue	418	503
Germany
Net revenues by type:
Total consolidated net revenue	273	344
Rest of world
Net revenues by type:
Total consolidated net revenue	566	495
Operating Segments
Net revenues by type:
Total consolidated net revenue	2,483	2,638
Operating Segments | Net transaction revenues
Net revenues by type:
Total consolidated net revenue	2,355	2,476
Operating Segments | Marketing services and other revenues
Net revenues by type:
Total consolidated net revenue	$ 128	$ 162

Investments - Available-For-Sal

Investments - Available-For-Sale Securities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Investments
Estimated Fair Value	$ 4,521
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling Maturity, Fair Value [Abstract]
One year or less (including restricted cash of $20)	2,967
One year through two years	427
Two years through three years	663
Three years through four years	329
Four years through five years	135
Estimated Fair Value	4,521
Short-term investments
Investments
Gross Amortized Cost	2,967	$ 4,198
Gross Unrealized Gains	0	1
Gross Unrealized Losses	0	0
Estimated Fair Value	2,967	4,199
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling Maturity, Fair Value [Abstract]
Estimated Fair Value	2,967	4,199
Short-term investments | Restricted cash
Investments
Gross Amortized Cost	20	22
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	20	22
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling Maturity, Fair Value [Abstract]
Estimated Fair Value	20	22
Short-term investments | Corporate debt securities
Investments
Gross Amortized Cost	2,907	4,151
Gross Unrealized Gains	0	1
Gross Unrealized Losses	0	0
Estimated Fair Value	2,907	4,152
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling Maturity, Fair Value [Abstract]
Estimated Fair Value	2,907	4,152
Short-term investments | Government and agency securities
Investments
Gross Amortized Cost	40	25
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	40	25
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling Maturity, Fair Value [Abstract]
Estimated Fair Value	40	25
Long-term Investments
Investments
Gross Amortized Cost	1,610	1,733
Gross Unrealized Gains	0	1
Gross Unrealized Losses	(56)	(7)
Estimated Fair Value	1,554	1,727
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling Maturity, Fair Value [Abstract]
Estimated Fair Value	1,554	1,727
Long-term Investments | Corporate debt securities
Investments
Gross Amortized Cost	812	954
Gross Unrealized Gains	0	1
Gross Unrealized Losses	(28)	(5)
Estimated Fair Value	784	950
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling Maturity, Fair Value [Abstract]
Estimated Fair Value	784	950
Long-term Investments | Government and agency securities
Investments
Gross Amortized Cost	798	779
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(28)	(2)
Estimated Fair Value	770	777
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling Maturity, Fair Value [Abstract]
Estimated Fair Value	$ 770	$ 777

Investments - General, Narrativ

Investments - General, Narrative (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Investments [Abstract]
Investment securities in a continuous unrealized loss position for less then 12 months	$ 3,800,000,000	$ 3,100,000,000
Investment securities unrealized loss	55,000,000
Estimated fair value for securities in continuous unrealized loss position for greater than 12 months	$ 22,000,000	$ 0

Investments - Equity Investment

Investments - Equity Investments (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Schedule of Investments [Line Items]
Equity investment	$ 3,748	$ 5,391
Equity investments without readily determinable fair values	78	85	$ 528	$ 539
Total equity investments	5,211	7,984
Adevinta
Schedule of Investments [Line Items]
Equity investment	3,748	5,391
Short-term investments:
Schedule of Investments [Line Items]
Equity investments with readily determinable fair values	804	1,745
Long-term investments:
Schedule of Investments [Line Items]
Equity investment	543	725
Equity investments under the equity method of accounting	38	38
Equity investments without readily determinable fair values	$ 78	$ 85

Investments - Equity Method Inv

Investments - Equity Method Investment in Adevinta (Details) shares in Millions, $ in Millions	Mar. 31, 2022USD ($)	Nov. 18, 2021USD ($)shares	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Jun. 24, 2021USD ($)
Schedule of Investments [Line Items]
Unrealized loss on equity securities			$ 182
Equity investment	$ 3,748		3,748	$ 5,391
Adevinta
Schedule of Investments [Line Items]
Ownership percentage		25.00%			44.00%
Equity investment under fair value option					$ 10,800
Ownership percentage after sale	33.00%
Voting rights, conversion ratio					1
Unrealized loss on equity securities			1,643
Equity investment	$ 3,748		$ 3,748	$ 5,391
Adevinta | Maximum
Schedule of Investments [Line Items]
Limitation on voting interest that can be held (as a percent)					33.00%
Adevinta | Permira
Schedule of Investments [Line Items]
Number of voting shares sold | shares		135
Total consideration from sale of equity securities		$ 2,300

Investments - Equity Investme_2

Investments - Equity Investments With Readily Determinable Fair Values (Details) $ in Millions	1 Months Ended	3 Months Ended
	May 05, 2022USD ($)	Mar. 31, 2022USD ($)tranche	Dec. 31, 2021USD ($)	Mar. 31, 2021USD ($)
Schedule of Investments [Line Items]
Unrealized loss on equity securities		$ 182
Warrant
Schedule of Investments [Line Items]
Number of tranches | tranche		4
Adyen
Schedule of Investments [Line Items]
Value of shares purchased			$ 1,100
KakaoBank
Schedule of Investments [Line Items]
Unrealized loss on equity securities		$ 91
Total consideration from sale of equity securities before gain on settlement of derivatives		45
Realized loss on sale of equity securities		8
Gain on settlement of derivatives		18
Equity investment		540	684
KakaoBank | Subsequent Event
Schedule of Investments [Line Items]
Realized loss on sale of equity securities	$ 14
Total consideration from sale of equity securities	79
Adyen
Schedule of Investments [Line Items]
Unrealized loss on equity securities		80
Total consideration from sale of equity securities before gain on settlement of derivatives		551
Realized loss on sale of equity securities		166
Gain on settlement of derivatives		78
Equity investment		264	1,061
Payments to acquire equity investment with readily determinable fair value			$ 110
Total consideration from sale of equity securities		$ 473		$ 0
Adyen | Subsequent Event
Schedule of Investments [Line Items]
Realized loss on sale of equity securities	1
Total consideration from sale of equity securities	$ 130

Investments - Equity Investme_3

Investments - Equity Investment Under the Fair Value Option (Details) - USD ($) $ in Millions	Nov. 14, 2021	Mar. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Unrealized loss on equity securities		$ 182
Equity investment in Adevinta		3,748	$ 5,391
Long-term Investments
Schedule of Investments [Line Items]
Equity investment in Adevinta		$ 543	725
GMarket
Schedule of Investments [Line Items]
Ownership percentage after sale	19.99%
Investment balance	$ 728		$ 725
Retained investment, rights, period	2 years
Discontinued Operations, Disposed of by Sale | eBay Korea
Schedule of Investments [Line Items]
Percentage of outstanding equity interests sold	80.01%

Investments - Equity Investme_4

Investments - Equity Investments Without Readily Determinable Fair Values (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Investments [Abstract]
Cumulative upward adjustments for observable price changes	$ 41
Cumulative downward adjustments for price changes and impairment	298
Equity Securities without Readily Determinable Fair Value [Roll Forward]
Carrying value, beginning of period	85	$ 539
Downward adjustments for observable price changes and impairment	(7)	0
Foreign currency translation and other	0	(11)
Carrying value, end of period	78	$ 528
Strategic Investments
Equity Securities without Readily Determinable Fair Value [Roll Forward]
Downward adjustments for observable price changes and impairment	$ (7)

Investments - Unrealized Gain (

Investments - Unrealized Gain (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Net gains/(losses) recognized during the period on equity investments	$ (2,177)	$ 0
Less: Net gains/(losses) recognized during the period on equity investments sold during the period	(174)	0
Total unrealized gains/(losses) on equity investments held at March 31, 2022	$ (2,003)	$ 0

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details)	3 Months Ended
	Mar. 31, 2022USD ($)tranche	Dec. 31, 2021USD ($)	May 31, 2021USD ($)
Derivative [Line Items]
Derivative, notional amount	$ 4,809,000,000	$ 5,625,000,000
Foreign currency net derivative gains to be reclassified into earnings within the next 12 months	35,000,000
Interest rate net derivative gains to be reclassified into earnings within the next 12 months	10,000,000
Adyen
Derivative [Line Items]
Payments to acquire equity investment with readily determinable fair value		110,000,000
Adyen
Derivative [Line Items]
Value of shares purchased		1,100,000,000
Senior Notes | Senior Unsecured Notes due 2026, 2031 and 2051
Derivative [Line Items]
Debt instrument, face amount			$ 2,500,000,000
Foreign Exchange Contract
Derivative [Line Items]
Offset asset	14,000,000
Offset liability	14,000,000
Net derivative assets	118,000,000
Net derivative liabilities	$ 3,000,000
Forward-Starting Interest Rate Swap
Derivative [Line Items]
Deferred gain from termination of derivatives			$ 45,000,000
Warrant
Derivative [Line Items]
Maximum percentage of acquired shares	5.00%
Warrants term (years)	7 years
Number of tranches | tranche	4
Maximum number of tranches that can vest per year | tranche	2
Interest Rate Contract
Derivative [Line Items]
Offset asset	$ 0
Offset liability	0
Net derivative assets	$ 4,000,000
Designated as Hedging Instrument | Foreign Exchange Contract | Minimum
Derivative [Line Items]
Derivative contract duration	1 month
Designated as Hedging Instrument | Foreign Exchange Contract | Maximum
Derivative [Line Items]
Derivative contract duration	1 year
Designated as Hedging Instrument | Foreign Exchange Contract | Cash Flow Hedging
Derivative [Line Items]
Derivative, notional amount	$ 2,180,000,000	2,066,000,000
Designated as Hedging Instrument | Foreign Exchange Contract | Cash Flow Hedging | Maximum
Derivative [Line Items]
Derivative contract duration	24 months
Designated as Hedging Instrument | Forward-Starting Interest Rate Swap | Cash Flow Hedging
Derivative [Line Items]
Derivative contract duration	10 years
Designated as Hedging Instrument | Floating to Fixed Interest Rate Swap | Cash Flow Hedging
Derivative [Line Items]
Derivative, notional amount	$ 400,000,000
Designated as Hedging Instrument | Interest Rate Contract | Cash Flow Hedging
Derivative [Line Items]
Derivative, notional amount	$ 400,000,000	$ 400,000,000

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Contracts (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative assets	$ 465	$ 553
Derivative liabilities	18	17
Total fair value of derivative instruments	447	536
Foreign Exchange Contract | Designated as Hedging Instrument | Other current assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative assets	82	63
Foreign Exchange Contract | Designated as Hedging Instrument | Other assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative assets	25	24
Foreign Exchange Contract | Designated as Hedging Instrument | Other current liabilities | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative liabilities	6	0
Foreign Exchange Contract | Designated as Hedging Instrument | Other liabilities | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative liabilities	1	0
Foreign Exchange Contract | Not Designated as Hedging Instrument | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	25	22
Foreign Exchange Contract | Not Designated as Hedging Instrument | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	11	17
Warrant | Designated as Hedging Instrument | Other assets | Fair Value Hedging
Derivatives, Fair Value [Line Items]
Derivative assets	329	444
Interest Rate Contract | Designated as Hedging Instrument | Other current assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative assets	$ 4	$ 0

Derivative Instruments - Deriva

Derivative Instruments - Derivatives in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Foreign Exchange Contract
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings	$ 21	$ (33)
Designated as Hedging Instrument | Cash Flow Hedging
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Beginning Balance	55	(85)
Amount of Gain (Loss) Recognized in Other Comprehensive Income	27	46
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings	7	(28)
Ending Balance	75	(11)
Designated as Hedging Instrument | Foreign Exchange Contract | Cash Flow Hedging
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Beginning Balance	25	(95)
Amount of Gain (Loss) Recognized in Other Comprehensive Income	25	3
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings	6	(27)
Ending Balance	44	(65)
Designated as Hedging Instrument | Interest Rate Contract | Cash Flow Hedging
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Beginning Balance	30	10
Amount of Gain (Loss) Recognized in Other Comprehensive Income	2	43
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings	1	(1)
Ending Balance	$ 31	$ 54

Derivative Instruments - Effect

Derivative Instruments - Effect of Derivative Contracts on Condensed Consolidated Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized from derivative contracts in the condensed consolidated statement of income	$ 7	$ (28)
Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized from derivative contracts in the condensed consolidated statement of income	21	(33)
Foreign Exchange Contract | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized from derivative contracts in the condensed consolidated statement of income	6	(27)
Foreign Exchange Contract | Net revenues | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized from derivative contracts in the condensed consolidated statement of income	6	(28)
Foreign Exchange Contract | Cost of net revenues | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized from derivative contracts in the condensed consolidated statement of income	0	1
Foreign Exchange Contract | Interest and other, net | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized from derivative contracts in the condensed consolidated statement of income	15	(6)
Interest Rate Contract | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized from derivative contracts in the condensed consolidated statement of income	1	(1)
Interest Rate Contract | Interest and other, net | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from interest rate contracts recognized in interest and other, net	1	(1)
Warrant | Interest and other, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) attributable to changes in fair value	$ (115)	$ (36)

Derivative Instruments - Notion

Derivative Instruments - Notional Amounts of Derivatives Outstanding (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative, notional amount	$ 4,809	$ 5,625
Foreign Exchange Contract | Designated as Hedging Instrument | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative, notional amount	2,180	2,066
Foreign Exchange Contract | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, notional amount	2,229	3,159
Interest Rate Contract | Designated as Hedging Instrument | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative, notional amount	$ 400	$ 400

Fair Value Measurement of Ass_3

Fair Value Measurement of Assets and Liabilities - Financial Assets and Liabilities Measured at Fair Value, Recurring (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Assets:
Equity investment	$ 3,748	$ 5,391
Adevinta
Assets:
Equity investment	3,748	5,391
Long-term Investments
Assets:
Equity investment	543	725
Recurring
Assets:
Cash and cash equivalents	1,798	1,379
Derivatives	465	553
Total financial assets	11,879	15,719
Liabilities:
Derivatives	18	17
Recurring | Adevinta
Assets:
Equity investment	3,748	5,391
Recurring | Short-term investments
Assets:
Investments	3,771	5,944
Recurring | Long-term Investments
Assets:
Investments	2,097	2,452
Recurring | Long-term Investments | Equity investment under the fair value option
Assets:
Investments	543	725
Recurring | Restricted cash | Short-term investments
Assets:
Investments	20	22
Recurring | Corporate debt securities | Short-term investments
Assets:
Investments	2,907	4,152
Recurring | Corporate debt securities | Long-term Investments
Assets:
Investments	784	950
Recurring | Government and agency securities | Short-term investments
Assets:
Investments	40	25
Recurring | Government and agency securities | Long-term Investments
Assets:
Investments	770	777
Recurring | Equity investments with readily determinable fair values | Short-term investments
Assets:
Investments	804	1,745
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents	1,798	1,379
Derivatives	0	0
Total financial assets	6,370	8,537
Liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Adevinta
Assets:
Equity investment	3,748	5,391
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments
Assets:
Investments	824	1,767
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Long-term Investments
Assets:
Investments	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Long-term Investments | Equity investment under the fair value option
Assets:
Investments	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Restricted cash | Short-term investments
Assets:
Investments	20	22
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate debt securities | Short-term investments
Assets:
Investments	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate debt securities | Long-term Investments
Assets:
Investments	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Government and agency securities | Short-term investments
Assets:
Investments	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Government and agency securities | Long-term Investments
Assets:
Investments	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity investments with readily determinable fair values | Short-term investments
Assets:
Investments	804	1,745
Recurring | Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents	0	0
Derivatives	136	109
Total financial assets	4,637	6,013
Liabilities:
Derivatives	18	17
Recurring | Significant Other Observable Inputs (Level 2) | Adevinta
Assets:
Equity investment	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Short-term investments
Assets:
Investments	2,947	4,177
Recurring | Significant Other Observable Inputs (Level 2) | Long-term Investments
Assets:
Investments	1,554	1,727
Recurring | Significant Other Observable Inputs (Level 2) | Long-term Investments | Equity investment under the fair value option
Assets:
Investments	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Restricted cash | Short-term investments
Assets:
Investments	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Corporate debt securities | Short-term investments
Assets:
Investments	2,907	4,152
Recurring | Significant Other Observable Inputs (Level 2) | Corporate debt securities | Long-term Investments
Assets:
Investments	784	950
Recurring | Significant Other Observable Inputs (Level 2) | Government and agency securities | Short-term investments
Assets:
Investments	40	25
Recurring | Significant Other Observable Inputs (Level 2) | Government and agency securities | Long-term Investments
Assets:
Investments	770	777
Recurring | Significant Other Observable Inputs (Level 2) | Equity investments with readily determinable fair values | Short-term investments
Assets:
Investments	0	0
Recurring | Significant Unobservable Inputs (Level 3)
Assets:
Cash and cash equivalents	0	0
Derivatives	329	444
Total financial assets	872	1,169
Liabilities:
Derivatives	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Adevinta
Assets:
Equity investment	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Short-term investments
Assets:
Investments	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Long-term Investments
Assets:
Investments	543	725
Recurring | Significant Unobservable Inputs (Level 3) | Long-term Investments | Equity investment under the fair value option
Assets:
Investments	543	725
Recurring | Significant Unobservable Inputs (Level 3) | Restricted cash | Short-term investments
Assets:
Investments	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Corporate debt securities | Short-term investments
Assets:
Investments	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Corporate debt securities | Long-term Investments
Assets:
Investments	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Government and agency securities | Short-term investments
Assets:
Investments	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Government and agency securities | Long-term Investments
Assets:
Investments	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Equity investments with readily determinable fair values | Short-term investments
Assets:
Investments	$ 0	$ 0

Fair Value Measurement of Ass_4

Fair Value Measurement of Assets and Liabilities - Warrants Measured Valued Using Unobservable Inputs (Details) - Recurring - Significant Unobservable Inputs (Level 3) - Warrant - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 444	$ 1,051	$ 1,051
Exercise of options under warrant	0		(961)
Change in fair value	(115)	$ 354
Ending balance	$ 329		$ 444

Fair Value Measurement of Ass_5

Fair Value Measurement of Assets and Liabilities - Quantitative Information About Level 3 Warrants,Significant Inputs (Details) - Significant Unobservable Inputs (Level 3) - Recurring $ in Millions	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Probability of vesting | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant, measurement input	0
Probability of vesting | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant, measurement input	0.550
Probability of vesting | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant, measurement input	0.50
Equity volatility | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant, measurement input	0.42
Warrant
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, fair value	$ 329	$ 444	$ 1,051

Fair Value Measurement of Ass_6

Fair Value Measurement of Assets and Liabilities - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2021	Nov. 14, 2021
GMarket
Schedule of Equity Method Investments [Line Items]
Investment balance	$ 725	$ 728
Discontinued Operations, Disposed of by Sale | eBay Korea
Schedule of Equity Method Investments [Line Items]
Percentage of outstanding equity interests sold		80.01%

Fair Value Measurement of Ass_7

Fair Value Measurement of Assets and Liabilities - Investments Measured Valued Using Unobservable Inputs (Details) - GMarket - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Nov. 14, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investment balance		$ 725	$ 728
Recurring | Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 725	0
Recognition of equity investment	0	728
Change in fair value	(182)	(3)
Ending balance	$ 543	$ 725

Fair Value Measurement of Ass_8

Fair Value Measurement of Assets and Liabilities - Investments Measured Valued Using Unobservable Inputs (Details) - Recurring - Investments - GMarket $ in Millions	Mar. 31, 2022USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket	$ 543
GPC method | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	1.2
GPC method | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	2.5
GMAC method | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	1.4
GMAC method | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	4.1

Debt - Carrying Value of Outsta

Debt - Carrying Value of Outstanding Debt (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Long-Term Debt
Hedge accounting fair value adjustments	$ 7	$ 7
Unamortized premium/(discount) and debt issuance costs	(29)	(30)
Current portion of long-term debt	(1,755)	(1,355)
Total long-term debt	6,578	7,727
Short-Term Debt
Current portion of long-term debt	1,755	1,355
Total short-term debt	1,755	1,355
Total Debt	8,333	9,082
Senior Notes
Long-Term Debt
Total senior notes	$ 8,355	$ 9,105
Senior Notes | Floating rate, Senior notes due 2023
Long-Term Debt
Effective interest rate	1.10%	1.10%
Total senior notes	$ 400	$ 400
Senior Notes | Floating rate, Senior notes due 2023 | LIBOR
Long-Term Debt
Variable rate	87.00%
Senior Notes | 3.800% Senior notes due 2022
Long-Term Debt
Coupon rate	0.00%
Effective interest rate	0.00%	3.989%
Total senior notes	$ 0	$ 750
Senior Notes | 2.600% Senior notes due 2022
Long-Term Debt
Coupon rate	2.60%
Effective interest rate	2.678%	2.678%
Total senior notes	$ 605	$ 605
Senior Notes | 2.750% Senior notes due 2023
Long-Term Debt
Coupon rate	2.75%
Effective interest rate	2.866%	2.866%
Total senior notes	$ 750	$ 750
Senior Notes | 3.450% Senior notes due 2024
Long-Term Debt
Coupon rate	3.45%
Effective interest rate	3.531%	3.531%
Total senior notes	$ 750	$ 750
Senior Notes | 1.900% Senior notes due 2025
Long-Term Debt
Coupon rate	1.90%
Effective interest rate	1.803%	1.803%
Total senior notes	$ 800	$ 800
Senior Notes | 1.400% Senior notes due 2026
Long-Term Debt
Coupon rate	1.40%
Effective interest rate	1.252%	1.252%
Total senior notes	$ 750	$ 750
Senior Notes | 3.600% Senior notes due 2027
Long-Term Debt
Coupon rate	3.60%
Effective interest rate	3.689%	3.689%
Total senior notes	$ 850	$ 850
Senior Notes | 2.700% Senior notes due 2030
Long-Term Debt
Coupon rate	2.70%
Effective interest rate	2.623%	2.623%
Total senior notes	$ 950	$ 950
Senior Notes | 2.600% Senior notes due 2031
Long-Term Debt
Coupon rate	2.60%
Effective interest rate	2.186%	2.186%
Total senior notes	$ 750	$ 750
Senior Notes | 4.000% Senior notes due 2042
Long-Term Debt
Coupon rate	4.00%
Effective interest rate	4.114%	4.114%
Total senior notes	$ 750	$ 750
Senior Notes | 3.650% Senior notes due 2051
Long-Term Debt
Coupon rate	3.65%
Effective interest rate	2.517%	2.517%
Total senior notes	$ 1,000	$ 1,000

Debt - Senior Notes (Details)

Debt - Senior Notes (Details) - USD ($)	Feb. 09, 2022	Apr. 30, 2022	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Jun. 30, 2020
Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage			101.00%
Interest expense			$ 60,000,000	$ 66,000,000
Fair value of long-term debt			$ 8,100,000,000		$ 9,500,000,000
Senior Notes | 3.800% Senior notes due 2022
Debt Instrument [Line Items]
Interest rate			0.00%
Senior Notes | 2.600% Senior notes due 2022
Debt Instrument [Line Items]
Interest rate			2.60%
Senior Notes | 2.600% Senior notes due 2022 | Subsequent Event
Debt Instrument [Line Items]
Interest rate		2.60%
Debt repaid		$ 605,000,000
Redemption price, percentage		100.00%
Senior Notes | 2.750% Senior notes due 2023
Debt Instrument [Line Items]
Interest rate			2.75%
Senior Notes | 1.900% Senior notes due 2025
Debt Instrument [Line Items]
Interest rate			1.90%
Senior Notes | 1.400% Senior notes due 2026
Debt Instrument [Line Items]
Interest rate			1.40%
Senior Notes | 3.600% Senior notes due 2027
Debt Instrument [Line Items]
Interest rate			3.60%
Senior Notes | 2.700% Senior notes due 2030
Debt Instrument [Line Items]
Interest rate			2.70%
Senior Notes | 2.600% Senior notes due 2031
Debt Instrument [Line Items]
Interest rate			2.60%
Senior Notes | 3.650% Senior notes due 2051
Debt Instrument [Line Items]
Interest rate			3.65%
Convertible Debt | LIBOR-based floating rate debt
Debt Instrument [Line Items]
Debt instrument, face amount						$ 400,000,000
Senior Notes | 3.800% Senior notes due 2022
Debt Instrument [Line Items]
Debt instrument, face amount	$ 750,000,000
Interest rate	3.80%
Debt repaid	$ 750,000,000
Redemption price, percentage	100.00%
Senior Notes | 2.600% Senior notes due 2022 | Subsequent Event
Debt Instrument [Line Items]
Debt instrument, face amount		$ 605,000,000

Debt - Commercial Paper and Cre

Debt - Commercial Paper and Credit Agreement (Details)	1 Months Ended	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2022USD ($)
Debt Instrument [Line Items]
Allowable increase in borrowing capacity, maximum	$ 1,000,000,000
Maximum consolidated leverage ratio		4
Maximum consolidated leverage ratio following a material acquisition		4.5
Commercial Paper
Debt Instrument [Line Items]
Amount outstanding		$ 0
Commercial Paper | Maximum
Debt Instrument [Line Items]
Debt term		397 days
Commercial Paper | Revolving Credit Facility
Debt Instrument [Line Items]
Borrowing capacity reserved, commercial paper		$ 1,500,000,000
Unsecured Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Debt term	5 years
Amount outstanding		0
Maximum borrowing capacity	$ 2,000,000,000	2,000,000,000
Remaining borrowing capacity		$ 2,000,000,000

Supplemental Consolidated Fin_3

Supplemental Consolidated Financial Information - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Balance Sheet Components [Abstract]
Allowance for doubtful accounts and authorized credits	$ 60		$ 74
Allowance for doubtful accounts	32		$ 42
Decrease in allowance for doubtful accounts receivable	16
Allowance for doubtful accounts receivable, write-offs	26
Deferred revenue recognized	$ 37	$ 44

Supplemental Consolidated Fin_4

Supplemental Consolidated Financial Information - Reconciliation of Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Balance Sheet Components [Abstract]
Cash and cash equivalents	$ 1,798	$ 1,379
Customer accounts	3	5
Restricted cash included in short-term investments	20	22
Cash, cash equivalents and restricted cash	$ 1,821	$ 1,406	$ 1,522

Supplemental Consolidated Fin_5

Supplemental Consolidated Financial Information - Customer Accounts and Funds Receivable (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Balance Sheet Components [Abstract]
Cash and cash equivalents	$ 3	$ 5
Funds receivable	623	676
Customer accounts and funds receivable	$ 626	$ 681

Supplemental Consolidated Fin_6

Supplemental Consolidated Financial Information - Other Current Assets (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Balance Sheet Components [Abstract]
Payment processor advances	$ 374	$ 453
Prepaid expenses	117	114
Accounts receivable, net	87	98
Other	576	442
Other current assets	$ 1,154	$ 1,107

Supplemental Consolidated Fin_7

Supplemental Consolidated Financial Information - Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 4,178
Goodwill Acquired	0
Adjustments	(37)
Ending balance	$ 4,141

Supplemental Consolidated Fin_8

Supplemental Consolidated Financial Information - Accrued Expense and Other Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Balance Sheet Components [Abstract]
Compensation and related benefits	$ 356	$ 517
Sales and use tax and VAT accruals	348	396
Advertising accruals	194	172
Operating lease liabilities	146	150
Transaction loss reserve	110	116
Deferred revenue	38	79
Other	659	497
Accrued expenses and other current liabilities	$ 1,851	$ 1,927

Supplemental Consolidated Fin_9

Supplemental Consolidated Financial Information - Equity Method Investments and Warrants (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Balance Sheet Components [Line Items]
Realized change in fair value of shares sold	$ (166)	$ 0
Change in fair value of warrant	(115)	(36)
Gain (loss) on other investments	(6)	0
Gain (loss) on equity investments and warrant, net	(2,291)	(36)
Adevinta
Balance Sheet Components [Line Items]
Change in fair value of equity investment	(1,643)	0
Gmarket
Balance Sheet Components [Line Items]
Change in fair value of equity investment	(182)	0
Adyen
Balance Sheet Components [Line Items]
Change in fair value of equity investment	(80)	0
KakaoBank
Balance Sheet Components [Line Items]
Change in fair value of equity investment	(91)	0
Realized change in fair value of shares sold	$ (8)	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Billions	Mar. 31, 2022USD ($)
Commitments and Contingencies Disclosure [Abstract]
Pooling arrangement deposits	$ 1.5
Pooling arrangement withdrawals	$ 1.3

Stockholders_ Equity - Narrativ

Stockholders’ Equity - Narrative (Details) $ / shares in Units, shares in Millions	May 05, 2022$ / shares	Oct. 29, 2021USD ($)segmentshares	Jan. 31, 2022USD ($)shares	Dec. 31, 2021USD ($)shares	Mar. 31, 2022USD ($)shares	Mar. 31, 2021USD ($)	Mar. 31, 2022$ / sharesshares	Dec. 31, 2021USD ($)	Feb. 28, 2022USD ($)	Aug. 31, 2021USD ($)
Equity, Class of Treasury Stock [Line Items]
Authorized repurchase amount									$ 4,000,000,000	$ 3,000,000,000
Number of financial institutions with ASR agreements | segment		2
Value of shares repurchased					$ 1,250,000,000
Shares repurchased (in shares) | shares					22
Number of shares repurchased under the ASR agreement | shares			3.3	3.4			36
Accelerated share repurchase, average price per share (in usd per share) | $ / shares							$ 69.43
Payments for dividends					$ 129,000,000	$ 122,000,000
Unsettled Treasury Stock
Equity, Class of Treasury Stock [Line Items]
Value of shares repurchased					181,000,000
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Dividends declared (in usd per share) | $ / shares	$ 0.22
Treasury Stock
Equity, Class of Treasury Stock [Line Items]
Value of shares repurchased					1,438,000,000	$ 292,000,000
ASR Agreement
Equity, Class of Treasury Stock [Line Items]
Value of shares repurchased		$ 2,500,000,000
Shares repurchased (in shares) | shares		29.3
Unsettled forward contract for share repurchase								$ 188,000,000
ASR Agreement | Treasury Stock
Equity, Class of Treasury Stock [Line Items]
Value of shares repurchased		$ 2,125,000,000		$ 188,000,000	$ 0
Shares repurchased (in shares) | shares					3
Forward contract settled			$ 188,000,000

Stockholders_ Equity - Summary

Stockholders’ Equity - Summary of Stock Repurchase Activity (Details) - USD ($)	Oct. 29, 2021	Jan. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Feb. 28, 2022	Aug. 31, 2021
Equity, Class of Treasury Stock [Line Items]
Shares Repurchased (in shares)				22,000,000
Average Price per Share (in usd per share)				$ 57.34
Value of Shares Repurchased				$ 1,250,000,000
Shares Repurchased, Remaining Amount Authorized
Beginning balance		$ 1,991,000,000		1,991,000,000
Authorization of additional plan							$ 4,000,000,000	$ 3,000,000,000
Repurchase of shares of common stock				(1,250,000,000)
Ending balance			$ 1,991,000,000	$ 4,741,000,000		$ 4,741,000,000
Treasury shares retired (in shares)				0
Number of shares repurchased under the ASR agreement		3,300,000	3,400,000			36,000,000
Treasury Stock
Equity, Class of Treasury Stock [Line Items]
Value of Shares Repurchased				$ 1,438,000,000	$ 292,000,000
Shares Repurchased, Remaining Amount Authorized
Repurchase of shares of common stock				$ (1,438,000,000)	$ (292,000,000)
ASR Agreement
Equity, Class of Treasury Stock [Line Items]
Shares Repurchased (in shares)	29,300,000
Value of Shares Repurchased	$ 2,500,000,000
Shares Repurchased, Remaining Amount Authorized
Repurchase of shares of common stock	(2,500,000,000)
ASR Agreement | Treasury Stock
Equity, Class of Treasury Stock [Line Items]
Shares Repurchased (in shares)				3,000,000
Value of Shares Repurchased	2,125,000,000		$ 188,000,000	$ 0
Shares Repurchased, Remaining Amount Authorized
Repurchase of shares of common stock	$ (2,125,000,000)		$ (188,000,000)	$ 0

Employee Benefit Plans - Restri

Employee Benefit Plans - Restricted Stock Units (Details) - RSU shares in Millions	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Units
Outstanding, beginning of period (in shares)	20
Awarded (in shares)	1
Vested (in shares)	(3)
Forfeited (in shares)	(1)
Outstanding, end of period (in shares)	17
Weighted average grant date fair value (in usd per share) | $ / shares	$ 57.82

Employee Benefit Plans - Stock-

Employee Benefit Plans - Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 111	$ 103
Cost of net revenues
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	12	10
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	20	20
Product development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	45	42
Capitalized in product development	4	3
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 34	$ 31

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Changes in Accumulated Balances of Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Tax
Beginning balance	$ 12	$ 42
Other comprehensive income (loss) before reclassifications	8	(11)
Less: Amount of gain (loss) reclassified from AOCI	(1)	6
Net current period other comprehensive income (loss)	9	(17)
Ending balance	21	25
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	9,778
Other comprehensive income (loss) before reclassifications	(50)	(85)
Less: Amount of gain (loss) reclassified from AOCI	6	(22)
Other comprehensive income (loss), net of tax	(56)	(63)
Ending balance	7,054	3,770
Unrealized Gains (Losses) on Derivative Instruments
Accumulated Other Comprehensive Income (Loss), Before Tax
Beginning balance	65	(85)
Other comprehensive income (loss) before reclassifications	27	46
Less: Amount of gain (loss) reclassified from AOCI	7	(28)
Net current period other comprehensive income (loss)	20	74
Ending balance	85	(11)
Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Before Tax
Beginning balance	(7)	5
Other comprehensive income (loss) before reclassifications	(51)	(3)
Less: Amount of gain (loss) reclassified from AOCI	0	0
Net current period other comprehensive income (loss)	(51)	(3)
Ending balance	(58)	2
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Before Tax
Beginning balance	328	654
Other comprehensive income (loss) before reclassifications	(34)	(117)
Less: Amount of gain (loss) reclassified from AOCI	0	0
Net current period other comprehensive income (loss)	(34)	(117)
Ending balance	294	537
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	398	616
Ending balance	$ 342	$ 553

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of net revenues	$ (689)	$ (606)
Interest and other, net	(50)	(81)
Total, before income taxes	(1,649)	724
Provision for income taxes	310	(156)
Net income (loss)	(1,341)	641
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	6	(22)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains (Losses) on Derivative Instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total, before income taxes	7	(28)
Provision for income taxes	(1)	6
Net income (loss)	6	(22)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains (Losses) on Derivative Instruments | Foreign Exchange Contract
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net revenues	6	(28)
Cost of net revenues	0	1
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains (Losses) on Derivative Instruments | Interest Rate Contract
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest and other, net	$ 1	$ (1)