eBay (EBAY) 10-Q 2 May 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	Apr. 29, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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)		506,000,000
Entity Central Index Key	0001065088
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,130
Short-term investments	1,743	$ 2,533
Equity investments	4,240	4,474
Customer accounts and funds receivable	1,108	1,013
Other current assets	1,185	1,011
Total current assets	10,406	11,016
Long-term investments	1,546	1,129
Property and equipment, net	1,281	1,243
Goodwill	4,235	4,267
Operating lease right-of-use assets	469	493
Deferred tax assets	3,052	3,089
Other assets	429	383
Total assets	21,418	21,620
Current liabilities:
Short-term debt	1,551	750
Accounts payable	300	267
Customer accounts and funds payable	1,145	1,054
Accrued expenses and other current liabilities	1,929	2,196
Income taxes payable	308	253
Total current liabilities	5,233	4,520
Operating lease liabilities	362	387
Deferred tax liabilities	2,417	2,408
Long-term debt	6,174	6,973
Other liabilities	959	936
Total liabilities	15,145	15,224
Commitments and Contingencies (Note 10)
Stockholders’ equity:
Common stock, $0.001 par value; 3,580 shares authorized; 509 and 517 shares outstanding	2	2
Additional paid-in capital	17,891	17,792
Treasury stock at cost, 1,228 and 1,218 shares	(48,617)	(48,114)
Retained earnings	36,826	36,531
Accumulated other comprehensive income	171	185
Total stockholders’ equity	6,273	6,396
Total liabilities and stockholders’ equity	$ 21,418	$ 21,620

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - $ / shares shares in Millions	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock - par value (in usd per share)	$ 0.001	$ 0.001
Common stock - shares authorized (in shares)	3,580	3,580
Common stock - shares outstanding (in shares)	509	517
Treasury stock - shares (in shares)	1,228	1,218

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net revenues	$ 2,556	$ 2,510
Cost of net revenues	700	700
Gross profit	1,856	1,810
Operating expenses:
Sales and marketing	541	511
Product development	351	352
General and administrative	238	297
Provision for transaction losses	91	84
Amortization of acquired intangible assets	4	8
Total operating expenses	1,225	1,252
Income from operations	631	558
Gain (loss) on equity investments and warrant, net	(97)	198
Interest expense	(66)	(68)
Interest income and other, net	68	42
Income from continuing operations before income taxes	536	730
Income tax provision	(97)	(161)
Income from continuing operations	439	569
Loss from discontinued operations, net of income taxes	(1)	(2)
Net income	$ 438	$ 567
Income per share - basic:
Continuing operations (in usd per share)	$ 0.85	$ 1.06
Discontinued operations (in usd per share)	0	0
Net income per share - basic (in usd per share)	0.85	1.06
Income per share - diluted:
Continuing operations (in usd per share)	0.85	1.05
Discontinued operations (in usd per share)	0	0
Net income per share - diluted (in usd per share)	$ 0.85	$ 1.05
Weighted-average shares:
Basic (in shares)	516	537
Diluted (in shares)	519	541

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 438	$ 567
Other comprehensive income (loss), net of reclassification adjustments:
Foreign currency translation gains (losses)	(37)	1
Unrealized gains (losses) on investments, net	8	19
Tax benefit (expense) on unrealized gains (losses) on investments, net	(3)	(6)
Unrealized gains (losses) on hedging activities, net	22	(53)
Tax benefit (expense) on unrealized gains (losses) on hedging activities, net	(4)	11
Other comprehensive income (loss), net of tax	(14)	(28)
Comprehensive income	$ 424	$ 539

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, 2022		$ 2	$ 17,279	$ (46,702)	$ 34,315	$ 259
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax withholdings related to net share settlements of restricted stock units and awards			(48)
Stock-based compensation			128
Other			5
Common stock repurchased				(252)
Net income	$ 567				567
Dividends and dividend equivalents declared					(138)
Foreign currency translation adjustment						1
Change in unrealized gains (losses) on investments	19					19
Change in unrealized gains (losses) on derivative instruments						(53)
Tax benefit (provision) on above items						5
Ending balance at Mar. 31, 2023	$ 5,387	2	17,364	(46,954)	34,744	231
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends and dividend equivalents declared per share or restricted stock unit (in usd per share)	$ 0.25
Beginning balance at Dec. 31, 2023	$ 6,396	2	17,792	(48,114)	36,531	185
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax withholdings related to net share settlements of restricted stock units and awards			(51)
Stock-based compensation			146
Other			4
Common stock repurchased	(499)			(503)
Net income	438				438
Dividends and dividend equivalents declared					(143)
Foreign currency translation adjustment						(37)
Change in unrealized gains (losses) on investments	8					8
Change in unrealized gains (losses) on derivative instruments						22
Tax benefit (provision) on above items						(7)
Ending balance at Mar. 31, 2024	$ 6,273	$ 2	$ 17,891	$ (48,617)	$ 36,826	$ 171
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends and dividend equivalents declared per share or restricted stock unit (in usd per share)	$ 0.27

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 438	$ 567
Loss from discontinued operations, net of income taxes	1	2
Adjustments:
Provision for transaction losses	91	84
Depreciation and amortization	76	107
Stock-based compensation	146	128
Loss (gain) on investments and other, net	11	10
Deferred income taxes	40	33
Change in fair value of warrant	(149)	(38)
Change in fair value of equity investment in Adevinta	234	(174)
Changes in assets and liabilities, net of acquisition effects	(273)	122
Net cash provided by operating activities	615	841
Cash flows from investing activities:
Purchases of property and equipment	(143)	(132)
Purchases of investments	(3,312)	(3,543)
Maturities of investments	3,703	4,404
Other	2	(28)
Net cash provided by investing activities	250	701
Cash flows from financing activities:
Repurchases of common stock	(453)	(242)
Payments for taxes related to net share settlements of restricted stock units and awards	(51)	(92)
Payments for dividends	(139)	(134)
Repayment of debt	0	(1,150)
Net funds receivable and payable activity	(28)	230
Other	(15)	0
Net cash used in financing activities	(686)	(1,388)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(11)	5
Net increase in cash, cash equivalents and restricted cash	168	159
Cash, cash equivalents and restricted cash at beginning of period	2,493	2,272
Cash, cash equivalents and restricted cash at end of period	2,661	2,431
Cash paid for:
Interest	48	60
Income taxes	30	29
Cash and cash equivalents	2,130	2,082
Customer accounts (including restricted cash of $75 and $0, respectively)	448	303
Restricted cash included in other current assets	79	41
Restricted cash included in other assets	4	5
Cash, cash equivalents and restricted cash of continuing operations at end of period	$ 2,661	$ 2,431

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Statement of Cash Flows [Abstract]
Restricted Cash	$ 75	$ 0
Restricted cash included in other assets	4
Restricted cash included in other current assets	$ 79	$ 23

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
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 that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Our Marketplace platforms, including our online marketplace located at www.ebay.com and its localized counterparts, our off-platform businesses in Japan and the United States, and our suite of mobile apps, together, create one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. 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 Global LLC (“Gmarket”), warrants and 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. We review the useful lives of equipment on an ongoing basis, and effective January 1, 2024 we changed our estimate of the useful lives for our servers and networking equipment from three years to four years. The longer useful lives are due to continuous improvements in our hardware, software, and data center designs. The effect of this change in estimate for the three months ended March 31, 2024, based on servers and network equipment that were included in “Property and equipment, net” as of December 31, 2023 and those acquired during the three months ended March 31, 2024, was a reduction in depreciation expense of $26 million and an increase to net income of $21 million, or $0.04 per basic share and $0.04 per diluted share. Principles of Consolidation and Basis of Presentation The accompanying financial statements are consolidated and include the financial statements of eBay Inc., our wholly and majority-owned subsidiaries. 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 variable interest entities. Generally, investments in entities where we hold at least a 20% ownership interest and have the ability to exercise significant influence, but not control, over the investee are accounted for using the equity method of accounting, including those in which the fair value option has been elected. For equity method investments, our share of the investees’ results of operations is included in interest income and other, net and investment balances are included in long-term investments. For equity method investments under the fair value option, the change in fair value of the investment is included in gain (loss) on equity investments and warrant, net and investment balances are included in long-term investments, other than our equity interest in Adevinta ASA (“Adevinta”) which is included in the short-term assets section on the condensed consolidated balance sheet. 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, under an election, or 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. 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, 2023. 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. Effective January 1, 2024, certain immaterial prior period balances have been reclassified to conform to the current period presentation in the condensed consolidated financial statements and the accompanying notes. Specifically, immaterial restricted cash balances previously reported as components of short-term and long-term investments are now reported within the other current assets and other assets sections, respectively, in our condensed consolidated balance sheet. 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” in our Annual Report on Form 10-K for the year ended December 31, 2023, except customer accounts and funds receivable and cash, cash equivalents and restricted cash resulting from a change in our approach to safeguarding customer funds beginning in the first quarter of 2024, as noted below. Customer accounts and funds receivable Customer accounts represent cash received from buyers that is held by financial institutions. Due to safeguarding requirements in certain regions, a portion of this balance is considered restricted. Funds receivable represents customer cash in transit and held by payment processors. These balances are associated with marketplace activity and are awaiting payment to sellers. We are exposed to credit losses from customer accounts and funds receivable balances held by third party financial institutions and payment processors. We assess these balances for credit loss based on a review of the average period for which the funds are held, current credit ratings and our assessment of the probability of default and loss given default models. In the first quarter of 2024 and 2023, no credit-related losses were recorded. Cash, cash equivalents and restricted cash Cash and cash equivalents are short-term, highly liquid investments with original maturities of three months or less when purchased, which may include bank deposits, U.S. Treasury securities, time deposits, and certificates of deposit. We consider cash to be restricted when withdrawal or general use is legally restricted. Restricted cash is held in interest bearing accounts for letters of credit related to our global sabbatical program and for certain amounts related to other compensation arrangements held in escrow. We also hold restricted cash in segregated bank accounts for purposes of safeguarding customer funds. Recent Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07—Segment Reporting (Topic 280): Improvements to Reportable Segments Disclosures. The new guidance is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses enabling investors to better understand an entity’s overall performance and assess potential future cash flows. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. The standard will be effective for annual reporting periods beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-08—Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets. The new guidance addresses the accounting and disclosure requirements for certain crypto assets and requires entities to subsequently measure certain crypto assets at fair value, with changes in fair value recorded in net income in each reporting period. In addition, entities are required to provide additional disclosures about the holdings of certain crypto assets. The standard is effective for annual reporting periods beginning after December 15, 2024, 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. In December 2023, the FASB issued ASU 2023-09—Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The new guidance is intended to further standardize income tax disclosures primarily related to the presentation of the effective tax rate reconciliation and income taxes paid information in our financial statements and disclosures. The standard is effective for annual reporting periods beginning after December 15, 2024. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

Net Income Per Share

Net Income Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income Per Share Basic net income per share is computed by dividing net income for the period by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed by dividing net income 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 per share by application of the treasury stock method. The calculation of diluted net income per share excludes all anti-dilutive shares of common stock. The following table presents the computation of basic and diluted net income per share for the periods indicated (in millions, except per share amounts): Three Months Ended 2024 2023 Numerator: Income from continuing operations $ 439 $ 569 Loss from discontinued operations, net of income taxes (1) (2) Net income $ 438 $ 567 Denominator: Weighted average shares of common stock - basic 516 537 Dilutive effect of equity incentive awards 3 4 Weighted average shares of common stock - diluted 519 541 Income per share - basic: Continuing operations $ 0.85 $ 1.06 Discontinued operations — — Net income per share - basic $ 0.85 $ 1.06 Income per share - diluted: Continuing operations $ 0.85 $ 1.05 Discontinued operations — — Net income per share - diluted $ 0.85 $ 1.05 Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive 9 12

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The following table presents goodwill activity for the period indicated (in millions): December 31, Goodwill Adjustments March 31, Goodwill $ 4,267 $ — $ (32) $ 4,235 The adjustments to goodwill during the three months ended March 31, 2024 were primarily due to foreign currency translation. Intangible Assets Intangible assets are reported within other assets in our condensed consolidated balance sheet. The following table presents components of identifiable intangible assets as of the dates indicated (in millions, except years): March 31, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life (Years) Intangible assets: Customer lists and user base $ 241 $ (202) $ 39 8 $ 245 $ (203) $ 42 8 Marketing related 79 (58) 21 6 79 (58) 21 6 Developed technologies 239 (195) 44 4 240 (191) 49 4 All other 158 (156) 2 3 159 (157) 2 3 Total $ 717 $ (611) $ 106 $ 723 $ (609) $ 114 Amortization expense for intangible assets was $8 million for the three months ended March 31, 2024 compared to $10 million during the same period in 2023. The following table presents expected future intangible asset amortization as of the date indicated (in millions): March 31, 2024 Remaining 2024 $ 27 2025 32 2026 22 2027 25 Total $ 106

Segments

Segments	3 Months Ended
	Mar. 31, 2024
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 and its localized counterparts, our off-platform businesses in Japan and the United States, and our 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. 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 the allocation of net revenues based on geography for the periods indicated (in millions): Three Months Ended 2024 2023 U.S. $ 1,302 $ 1,261 United Kingdom 390 381 China 275 237 Germany 242 252 Rest of world 347 379 Total net revenues $ 2,556 $ 2,510 Net revenues, inclusive of the effects of foreign exchange during each period, are attributed to U.S. and international geographies primarily based upon the country in which the seller is located or the service is provided.

Investments

Investments	3 Months Ended
	Mar. 31, 2024
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 as of the dates indicated (in millions): March 31, 2024 Gross Gross Gross Estimated Short-term investments: Corporate debt securities $ 1,276 $ — $ (6) $ 1,270 Government and agency securities 481 — (8) 473 $ 1,757 $ — $ (14) $ 1,743 Long-term investments: Corporate debt securities $ 582 $ — $ (7) $ 575 Government and agency securities 462 — (16) 446 $ 1,044 $ — $ (23) $ 1,021 December 31, 2023 Gross Gross Gross Estimated Short-term investments: Corporate debt securities $ 2,170 $ — $ (8) $ 2,162 Government and agency securities 382 — (11) 371 $ 2,552 $ — $ (19) $ 2,533 Long-term investments: Corporate debt securities $ 338 $ — $ (10) $ 328 Government and agency securities 287 — (16) 271 $ 625 $ — $ (26) $ 599 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 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, securities purchased at a lower yield show a mark-to-market unrealized loss. The unrealized losses are primarily due 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. From time to time, we sell available-for-sale debt securities in an unrealized loss position and recognize an immaterial loss. 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 income 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, 2024. Investment securities in a continuous loss position for less than 12 months had an estimated fair value of $1.7 billion and unrealized losses of $1 million as of March 31, 2024 compared to an estimated fair value of $1.5 billion and unrealized losses of $2 million as of December 31, 2023. Investment securities in a continuous loss position for greater than 12 months had an estimated fair value of $1.0 billion and unrealized losses of $36 million as of March 31, 2024 compared to an estimated fair value of $1.1 billion and unrealized losses of $43 million as of December 31, 2023. 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 by date of contractual maturity as of the date indicated (in millions): March 31, One year or less $ 1,743 One year through two years 437 Two years through three years 551 Three years through four years 29 Thereafter 4 Total $ 2,764 Equity Investments The following table summarizes our equity investments as of the dates indicated (in millions): Balance Sheet Location March 31, December 31, Equity investment in Adevinta Equity investment in Adevinta $ 4,240 $ 4,474 Equity investments under the fair value option Long-term investments 376 382 Equity investments under the equity method of accounting Long-term investments 56 55 Equity investments without readily determinable fair values Long-term investments 93 93 Total equity investments $ 4,765 $ 5,004 Equity Investment in Adevinta Upon completion of the transfer of our Classifieds business to Adevinta in 2021, we received an equity investment of 44% in Adevinta valued at $10.8 billion at the close of the transfer. In the fourth quarter of 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%. 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. The investment is reported within the short-term assets section in our condensed consolidated balance sheet and is classified within Level 1 in the fair value hierarchy as the valuation can be obtained from real time quotes in active markets based on Adevinta’s closing stock price and prevailing foreign exchange rate at each balance sheet date. We believe the fair value option election creates more transparency of the current value in the equity investment in Adevinta. Refer to “Note 7 — Fair Value Measurement of Assets and Liabilities” for more information. The following table presents a reconciliation of the opening to closing balance of our equity investment in Adevinta as of the date indicated (in millions): March 31, Opening balance at beginning of period $ 4,474 Unrealized change in fair value of equity investment in Adevinta (234) Closing balance at end of period $ 4,240 We recorded $234 million of unrealized losses within gain (loss) on equity investments and warrant, net during the three months ended March 31, 2024 compared to $174 million of unrealized gains during the same period in 2023. On November 21, 2023, we announced our support for the voluntary tender offer led by Permira and Blackstone to acquire all the publicly traded shares of Adevinta (the “Adevinta Transaction”). As part of the Adevinta Transaction, eBay agreed to sell 50% of its shares for an estimated $2.2 billion and to exchange the remaining shares for an equity stake of approximately 20% in the newly privatized company. On April 24, 2024, it was announced that all required regulatory approvals have been obtained and that the completion of the Adevinta Transaction is expected to occur on May 29, 2024, subject to the satisfaction or waiver of customary closing conditions. Other equity investments under the fair value option Equity investment in Gmarket In 2021, we completed the 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. The investment is reported within the long-term assets section in our condensed consolidated balance sheet and is classified within 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. We believe the fair value option election creates more transparency of the current value in the equity investment in Gmarket. Refer to “Note 7 — Fair Value Measurement of Assets and Liabilities” for more information. The following table presents a reconciliation of the opening to closing balance of our equity investment in Gmarket as of the date indicated (in millions): March 31, Opening balance at beginning of period $ 335 Unrealized change in fair value of equity investment in Gmarket (6) Closing balance at end of period $ 329 We recorded $6 million and $11 million of unrealized losses within gain (loss) on equity investments and warrant, net during the three months ended March 31, 2024 and 2023, respectively. Other investments Certain other individually immaterial equity investments aggregating to $47 million as of both March 31, 2024 and December 31, 2023 are measured at fair value using the net asset value per share (or its equivalent) practical expedient, and have not been classified in the fair value hierarchy. Refer to “Note 7 — Fair Value Measurement of Assets and Liabilities” for more information. Other equity method investments We account for certain other individually immaterial equity investments through which we exercise significant influence but do not have control over the investee under the equity method. Our consolidated results of operations include, as a component of interest income and other, net, our share of the net income or loss of the equity investments. Equity method investments are presented within long-term investments in our condensed consolidated balance sheet. Our share of the net income or loss of equity method investments for each of the three-month periods ended March 31, 2024 and 2023 was immaterial both individually and in the aggregate. Equity investments without readily determinable fair values Equity investments without readily determinable fair values are non-marketable equity securities, which are investments in privately-held companies for which we do not exercise significant influence and are accounted for under the measurement alternative. Under the measurement alternative, the carrying value is measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Changes in value and impairments of equity investments without readily determinable fair values are recognized in gain (loss) on equity investments and warrant, net in our condensed consolidated statement of income. Equity investments without readily determinable fair values are presented within long-term investments in our condensed consolidated balance sheet. The change in value of our equity method investments without readily determinable fair values for each of the three-month periods ended March 31, 2024 and 2023 was immaterial both individually and in the aggregate. Gains and losses on equity investments The following table summarizes unrealized gains and losses on equity investments held as of March 31, 2024 and presented within gain (loss) on equity investments and warrant, net for the periods indicated (in millions): Three Months Ended 2024 2023 Net gains (losses) recognized during the period on equity investments $ (246) $ 160 Less: Net gains (losses) recognized during the period on equity investments sold during the period — — Total unrealized gains (losses) on equity investments held, end of period $ (246) $ 160

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2024
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. 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 accumulated other comprehensive income (“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, 2024, we have estimated that approximately $30 million of net derivative losses related to our foreign exchange cash flow hedges and $8 million of 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 income 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 income 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. The warrant is accounted for as a derivative under ASC Topic 815, Derivatives and Hedging . We report the warrant at fair value within other current assets in our condensed consolidated balance sheet 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 sheet and is amortized over the life of the commercial arrangement. See “Note 7 — Fair Value Measurement of Assets and Liabilities” 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 $ 14 $ 10 Foreign exchange contracts not designated as hedging instruments Other current assets 7 13 Warrant Other current assets 513 364 Foreign exchange contracts designated as cash flow hedges Other assets 8 9 Total derivative assets $ 542 $ 396 Derivative Liabilities: Foreign exchange contracts designated as cash flow hedges Other current liabilities $ 2 $ 14 Foreign exchange contracts not designated as hedging instruments Other current liabilities 5 19 Total derivative liabilities $ 7 $ 33 Total fair value of derivative instruments $ 535 $ 363 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 in our condensed consolidated balance sheet. As of March 31, 2024, the potential effect of rights of set-off associated with the foreign exchange contracts would be an offset to both assets and liabilities by $4 million, resulting in net derivative assets of $25 million and immaterial net derivative liabilities. As of March 31, 2024, there was no potential effect of rights of set-off associated with the interest rate contracts as there were no asset positions. Effect of Derivative Contracts on Accumulated Other Comprehensive Income The following tables present the activity of derivative instruments designated as cash flow hedges gross of tax as of March 31, 2024 and December 31, 2023, and the impact of these derivative contracts on AOCI as of the dates indicated (in millions): December 31, 2023 Amount of Gain (Loss) Recognized in Other Comprehensive Income Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings March 31, 2024 Foreign exchange contracts designated as cash flow hedges $ (64) $ 14 $ (10) $ (40) Interest rate contracts designated as cash flow hedges 51 — 2 49 Total $ (13) $ 14 $ (8) $ 9 December 31, 2022 Amount of Gain (Loss) Recognized in Other Comprehensive Income Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings March 31, 2023 Foreign exchange contracts designated as cash flow hedges $ 52 $ (21) $ 28 $ 3 Interest rate contracts designated as cash flow hedges 62 — 4 58 Total $ 114 $ (21) $ 32 $ 61 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 2024 2023 Foreign exchange contracts designated as cash flow hedges recognized in net revenues $ (10) $ 29 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 income and other, net 8 (4) Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income $ (2) $ 24 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 2024 2023 Gain (loss) from interest rate contracts designated as cash flow hedges recognized in interest expense $ 2 $ 4 Gain (loss) from interest rate contracts designated as fair value hedges recognized in interest expense 1 — Total gain (loss) recognized from interest rate derivative contracts in the condensed consolidated statement of income $ 3 $ 4 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 2024 2023 Gain (loss) attributable to changes in the fair value of warrant recognized in gain (loss) on equity investments and warrant, net $ 149 $ 38 Notional Amounts of Derivative Contracts Derivative transactions are measured in terms of the notional amount, but this amount is not recorded in our condensed 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 $ 1,561 $ 1,699 Foreign exchange contracts not designated as hedging instruments 1,547 2,225 Total $ 3,108 $ 3,924 Credit Risk

Fair Value Measurement of Asset

Fair Value Measurement of Assets and Liabilities	3 Months Ended
	Mar. 31, 2024
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, 2024 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash, cash equivalents and restricted cash Cash and cash equivalents $ 2,130 $ 2,130 $ — $ — Customer accounts 448 448 — — Restricted cash included in other current assets 79 79 — — Restricted cash included in other assets 4 4 — — Total cash, cash equivalents and restricted cash 2,661 2,661 — — Equity investment in Adevinta 4,240 4,240 — — Derivatives 542 — 29 513 Short-term investments: Corporate debt securities 1,270 — 1,270 — Government and agency securities 473 — 473 — Total short-term investments 1,743 — 1,743 — Long-term investments: Corporate debt securities 575 — 575 — Government and agency securities 446 — 446 — Equity investment under the fair value option 329 — — 329 Total long-term investments 1,350 — 1,021 329 Total financial assets $ 10,536 $ 6,901 $ 2,793 $ 842 Liabilities: Derivatives $ 7 $ — $ 7 $ — December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs (Level 3) Assets: Cash, cash equivalents and restricted cash Cash and cash equivalents $ 1,985 $ 1,985 $ — $ — Customer accounts 481 481 — — Restricted cash included in other current assets 23 23 — — Restricted cash included in other assets 4 4 — — Total cash, cash equivalents and restricted cash 2,493 2,493 — — Equity investment in Adevinta 4,474 4,474 — — Derivatives 396 — 32 364 Short-term investments: Corporate debt securities 2,162 — 2,162 — Government and agency securities 371 — 371 — Total short-term investments 2,533 — 2,533 — Long-term investments: Corporate debt securities 328 — 328 — Government and agency securities 271 — 271 — Equity investment under the fair value option 335 — — 335 Total long-term investments 934 — 599 335 Total financial assets $ 10,830 $ 6,967 $ 3,164 $ 699 Liabilities: Other liabilities $ 10 $ — $ — $ 10 Derivatives $ 33 $ — $ 33 $ — 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, 2024. Other financial instruments, including accounts receivable, funds receivable, accounts payable and funds 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 table presents 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 $ 364 $ 214 Change in fair value 149 150 Closing balance at end of period $ 513 $ 364 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, 2024 (in millions, except percentages): Fair value Valuation technique Unobservable Input (1) Range (weighted average) Warrant $ 513 Black-Scholes and Monte Carlo Probability of vesting 0.0% - 95.0% (81.2%) Equity volatility (38%) (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 equity investments are measured at fair value on a recurring basis, including our equity investment in Adevinta and equity investments 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 investment in Gmarket is accounted for under the fair value option. 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, Opening balance at beginning of period $ 335 $ 431 Change in fair value (6) (96) Closing balance at end of period $ 329 $ 335 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, 2024 that may have a significant impact on the overall valuation (in millions, except multiples): Fair value Valuation technique Unobservable Input (1) Range Equity investment in Gmarket $ 329 Market multiples Revenue multiple — GPC method 0.6x — 1.8x Revenue multiple — GMAC method 1.0x — 3.2x (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. Certain other immaterial equity investments under the fair value option aggregating to $47 million as of both March 31, 2024 and December 31, 2023 are measured at fair value using the net asset value per share (or its equivalent) practical expedient, and have not been classified in the fair value hierarchy. Refer to “Note 5 — Investments” for further details about our equity investments.

Debt

Debt	3 Months Ended
	Mar. 31, 2024
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 Rate March 31, 2024 Effective Interest Rate December 31, 2023 Effective Interest Rate Long-Term Debt Senior Notes: 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 2025 5.900 % 425 6.036 % 425 6.036 % 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 2027 5.950 % 300 6.064 % 300 6.064 % 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 2032 6.300 % 425 6.371 % 425 6.371 % 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 7,750 7,750 Hedge accounting fair value adjustments (1) 1 2 Unamortized premium/(discount) and debt issuance costs (27) (29) Less: Current portion of long-term debt (1,550) (750) Total long-term debt 6,174 6,973 Short-Term Debt Current portion of long-term debt 1,550 750 Unamortized premium/(discount) and debt issuance costs 1 — Total short-term debt 1,551 750 Total Debt $ 7,725 $ 7,723 (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 In January 2023, we redeemed the $1.2 billion aggregate principal amount of our previously outstanding floating rate and 2.750% senior notes due 2023. Total cash consideration paid was $1.2 billion, as the redemption price was equal to 100% of the principal amount. In addition, we paid accrued and unpaid interest on the principal amount. We may redeem some or all of the 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 series of notes) occurs with respect to the 3.450% notes due 2024, the 1.900% notes due 2025, the 5.900% notes due 2025, the 1.400% notes due 2026, the 3.600% notes due 2027, the 5.950% notes due 2027, the 2.700% notes due 2030, the 2.600% notes due 2031, the 6.300% notes due 2032, the 4.000% notes due 2042, or the 3.650% 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. 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 $65 million during the three months ended March 31, 2024 compared to $67 million during the same period in 2023. As of both March 31, 2024 and December 31, 2023, the estimated fair value of these senior notes, using Level 2 inputs, was approximately $7.1 billion. 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, 2024 and December 31, 2023, there were no commercial paper notes outstanding. Credit Agreement In March 2020, we entered into a credit agreement that provided for an unsecured $2 billion five-year credit facility (the “Prior Credit Agreement”). In January 2024, we terminated the Prior Credit Agreement and entered into a new credit agreement (the “Credit Agreement”) that provides for an unsecured $2.0 billion five As of March 31, 2024, 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, 2024, 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, 2024.

Supplemental Consolidated Finan

Supplemental Consolidated Financial Information	3 Months Ended
	Mar. 31, 2024
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 $47 million and $49 million as of March 31, 2024 and December 31, 2023, respectively. As of March 31, 2024, we reported an allowance for doubtful accounts of $22 million reflecting a decrease of $2 million, net of write-offs of $7 million for the three months ended March 31, 2024. As of March 31, 2024, we reported an allowance for authorized credits of $25 million, reflecting an immaterial decrease, net of write-offs, for the three months ended March 31, 2024. As of December 31, 2023, we reported an allowance for doubtful accounts of $23 million and an allowance for authorized credits of $26 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 months ended March 31, 2024 that was included in the deferred revenue balance at the beginning of the period was $28 million. The amount of revenue recognized for the three months ended March 31, 2023 that was included in the deferred revenue balance at the beginning of the period was $31 million. Customer accounts and funds receivable March 31, December 31, (In millions) Customer accounts $ 448 $ 481 Funds receivable 660 532 Customer accounts and funds receivable $ 1,108 $ 1,013 Other current assets March 31, December 31, (In millions) Warrant $ 513 $ 364 Prepaid expenses 144 116 Income and other tax receivable 97 99 Accounts receivable, net 89 94 Restricted Cash 79 23 Short-term derivative assets 21 23 Payment processor advances 5 36 Other 237 256 Other current assets $ 1,185 $ 1,011 Accrued expenses and other current liabilities March 31, December 31, (In millions) Accrued sales and use tax and VAT $ 456 $ 424 Compensation and related benefits 338 581 Accrued marketing expenses 201 181 Transaction loss reserve 126 125 Operating lease liabilities 121 118 Accrued general and administrative expenses 81 79 Accrued interest expense 74 56 Accrued legal matters 64 132 Accrued restructuring 57 102 Deferred revenue 33 34 Other 378 364 Accrued expenses and other current liabilities $ 1,929 $ 2,196 Gain (loss) on equity investments and warrant, net Three Months Ended 2024 2023 (In millions) Unrealized change in fair value of equity investment in Adevinta $ (234) $ 174 Unrealized change in fair value of equity investment in Gmarket (6) (11) Unrealized change in fair value of equity investment in KakaoBank — (3) Change in fair value of warrant 149 38 Gain (loss) on other investments (6) — Total gain (loss) on equity investments and warrant, net $ (97) $ 198 Interest income and other, net Three Months Ended 2024 2023 (In millions) Interest income $ 61 $ 42 Foreign exchange and other 7 — Total interest income and other, net $ 68 $ 42

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Off-Balance Sheet Arrangements As of March 31, 2024, 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. Litigation and Other Legal Matters We are involved in legal and regulatory proceedings on an ongoing basis. 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. 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, 2024. 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. The Company has responded to inquiries from the U.S. Department of Justice (“DOJ”) regarding products sold on the Marketplace platforms alleged to violate certain laws administered by the Environmental Protection Agency (“EPA”) and, separately, laws administered by the Drug Enforcement Agency (“DEA”). The inquiries relate to whether and to what extent the Company should be liable for the sale of regulated or illicit products manufactured and sold by others who listed such products on Marketplace platforms in a manner that evaded and/or was designed to evade detection by the Company. On September 27, 2023, DOJ, on behalf of the EPA, filed a civil complaint against the Company in the U.S. District Court for the Eastern District of New York alleging violations of the Clean Air Act, Federal Insecticide, Fungicide, and Rodenticide Act and the Toxic Substances Control Act. The Company intends to vigorously defend against these claims. If the Company is found to be liable for such activities on the Marketplace, it likely will be subject to monetary damages, changes in our business practices, or other remedies that could have a material adverse impact on our business. The Company is unable to predict whether additional litigation or proceedings may arise out of this matter. On January 31, 2024, the DEA, DOJ and the Company entered into a settlement agreement (the “DEA Settlement Agreement”), which fully resolved DOJ’s allegations of noncompliance arising under the Controlled Substances Act. Pursuant to the DEA Settlement Agreement, the Company paid $59 million and agreed to implement enhanced processes regarding its monitoring and reporting of listings that violate the Company’s policies. In January 2024, the Company also entered into a deferred prosecution agreement (the “DPA”) with the U.S. Attorney for the District of Massachusetts (the “U.S. Attorney”) regarding potential criminal liability of the Company arising from the stalking and harassment in 2019 of the editor and publisher of Ecommercebytes, a website that publishes ecommerce news and information. Six former Company employees and one former contractor have pleaded guilty to crimes arising from the conduct. Pursuant to the terms of the DPA, the U.S. Attorney filed a six-count criminal Information in the United States District Court for the District of Massachusetts in January 2024 and agreed to defer any prosecution of the Company on those counts. Additionally, during the three three In connection with the matters described above, the Company has accrued for probable losses of $64 million in the aggregate as of March 31, 2024. Given the uncertainties involved, the ultimate resolution of these matters could result in additional losses that may be material to our financial 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. In the ordinary course of business, we have included limited indemnification provisions in certain of our agreements with parties with which we have commercial relations, including our standard marketing, promotions and application programming interface license agreements. Under these contracts, we may indemnify, hold harmless and agree to reimburse the indemnified party for losses suffered or incurred by the indemnified party in connection with claims by a third party with respect to intellectual property infringement, including to our trademarks, logos and proprietary software, and other branding elements, such as domain names, to the extent that such are applicable to our performance under the subject agreement. In certain cases, we have agreed to provide indemnification for gross negligence, willful misconduct, fraud and breach of representations, warranties and applicable law. It is not possible to determine the maximum potential loss under these indemnification provisions due to our limited history of prior indemnification claims and the unique facts and circumstances involved in each particular provision. To date, losses recorded in our consolidated statement of income in connection with our indemnification provisions have not been significant, either individually or collectively.

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
	Mar. 31, 2024
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 February 2024, our Board of Directors (our “Board”) authorized an incremental $2.0 billion under our stock repurchase program in addition to the $4.0 billion previously authorized in 2022. The stock repurchase program has no expiration from the date of authorization. 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, 2024 $ 1,447 Authorization of additional repurchases in February 2024 2,000 Repurchase of shares of common stock 10 $ 51.02 $ 499 (499) Balance as of March 31, 2024 $ 2,948 (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 and excise tax accruals. Dividends The Company paid a total of $139 million and $134 million in cash dividends during the three months ended March 31, 2024 and 2023, respectively. In April 2024, our Board declared a cash dividend of $0.27 per share of common stock to be paid on June 14, 2024 to stockholders of record as of May 31, 2024.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2024
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, 2024 24 Awarded 1 Vested (3) Forfeited (2) Outstanding as of March 31, 2024 20 The weighted average grant date fair value for RSUs awarded during the three months ended March 31, 2024 was $43.93 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 2024 2023 Cost of net revenues $ 13 $ 13 Sales and marketing 23 20 Product development 64 59 General and administrative 46 36 Total stock-based compensation expense $ 146 $ 128 Capitalized in product development $ 5 $ 4

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
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 2022 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, India, Israel, 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. Accordingly, as of March 31, 2024 and December 31, 2023, $292 million of our non-current liability for deemed repatriation of foreign earnings was included in other liabilities on our consolidated balance sheet. 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, 2024
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 Gains (Losses) on Investments Foreign Currency Translation Estimated Tax (Expense) Benefit Total Balance as of December 31, 2023 $ (13) $ (45) $ 206 $ 37 $ 185 Other comprehensive income (loss) before reclassifications 14 8 (37) (5) (20) Less: Amount of gain (loss) reclassified from AOCI (8) — — 2 (6) Net current period other comprehensive income (loss) 22 8 (37) (7) (14) Balance as of March 31, 2024 $ 9 $ (37) $ 169 $ 30 $ 171 Unrealized Gains (Losses) on Derivative Instruments Unrealized Gains (Losses) on Investments Foreign Currency Translation Estimated Tax (Expense) Benefit Total Balance as of December 31, 2022 $ 114 $ (98) $ 222 $ 21 $ 259 Other comprehensive income (loss) before reclassifications (21) 19 1 (2) (3) Less: Amount of gain (loss) reclassified from AOCI 32 — — (7) 25 Net current period other comprehensive income (loss) (53) 19 1 5 (28) Balance as of March 31, 2023 $ 61 $ (79) $ 223 $ 26 $ 231 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 Three Months Ended 2024 2023 Gains (losses) on cash flow hedges: Foreign exchange contracts Net revenues $ (10) $ 29 Foreign exchange contracts Cost of net revenues — (1) Interest rate contracts Interest income and other, net 2 4 Total, from continuing operations before income taxes (8) 32 Provision for income taxes 2 (7) Total, from continuing operations net of income taxes (6) 25 Total reclassifications for the period Total, net of income taxes $ (6) $ 25

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring The following table summarizes restructuring reserve activity for the period indicated (in millions): Three Months Ended March 31, 2024 Accrued liability, beginning of period $ 102 Payments (36) Adjustments (9) Accrued liability, end of period $ 57 During the first quarter of 2023, management approved plans to drive operational improvement that included the reduction of workforce. The reduction was substantially completed in the first quarter of 2023 and resulted in a pre-tax charge of $42 million. During the fourth quarter of 2023, management approved plans to drive operational improvement that included the reduction of workforce. The reduction resulted in a pre-tax charge of $99 million. We expect the reduction to be substantially completed in the second quarter of 2024. The restructuring charges incurred in the first quarters of 2024 and 2023 are included in general and administrative expenses in the condensed consolidated statement of income.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 438	$ 567

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Eddie Garcia [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On February 29, 2024, Eddie Garcia, our Senior Vice President, Chief Product Officer, adopted a written trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “10b5-1 Plan”), which is designed to be in effect until February 28, 2025, subject to customary exceptions. His 10b5-1 Plan calls for the sale of a percentage of shares that he could receive upon the future vesting of certain outstanding equity awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Mr. Garcia’s 10b5-1 Plan, can only be determined upon the occurrence of the future vesting events. For purposes of this disclosure, without subtracting any shares to be withheld upon future vesting events, the aggregate number of shares to be sold pursuant to Mr. Garcia’s 10b5-1 Plan is 28,566.
Name	Eddie Garcia
Title	Senior Vice President, Chief Product Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 29, 2024
Arrangement Duration	365 days
Aggregate Available	28,566
Cornelius Boone [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On March 15, 2024, Cornelius Boone, our Senior Vice President, Chief People Officer, adopted a 10b5-1 Plan, which is designed to be in effect until March 26, 2025, subject to customary exceptions. His 10b5-1 Plan calls for the sale of a percentage of shares that he could receive upon the future vesting of certain outstanding equity awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Mr. Boone’s 10b5-1 Plan, can only be determined upon the occurrence of the future vesting events. For purposes of this disclosure, without subtracting any shares to be withheld upon future vesting events, the aggregate number of shares to be sold pursuant to Mr. Boone’s 10b5-1 Plan is 25,298.
Name	Cornelius Boone
Title	Senior Vice President, Chief People Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 15, 2024
Arrangement Duration	376 days
Aggregate Available	25,298

The Company and Summary of Si_2

The Company and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
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 Global LLC (“Gmarket”), warrants and 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. We review the useful lives of equipment on an ongoing basis, and effective January 1, 2024 we changed our estimate of the useful lives for our servers and networking equipment from three years to four years. The longer useful lives are due to continuous improvements in our hardware, software, and data center designs. The effect of this change in estimate for the three months ended March 31, 2024, based on servers and network equipment that were included in “Property and equipment, net” as of December 31, 2023 and those acquired during the three months ended March 31, 2024, was a reduction in depreciation expense of $26 million and an increase to net income of $21 million, or $0.04 per basic share and $0.04 per diluted share.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying financial statements are consolidated and include the financial statements of eBay Inc., our wholly and majority-owned subsidiaries. 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 variable interest entities. Generally, investments in entities where we hold at least a 20% ownership interest and have the ability to exercise significant influence, but not control, over the investee are accounted for using the equity method of accounting, including those in which the fair value option has been elected. For equity method investments, our share of the investees’ results of operations is included in interest income and other, net and investment balances are included in long-term investments. For equity method investments under the fair value option, the change in fair value of the investment is included in gain (loss) on equity investments and warrant, net and investment balances are included in long-term investments, other than our equity interest in Adevinta ASA (“Adevinta”) which is included in the short-term assets section on the condensed consolidated balance sheet. 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, under an election, or 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. 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, 2023. 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. Effective January 1, 2024, certain immaterial prior period balances have been reclassified to conform to the current period presentation in the condensed consolidated financial statements and the accompanying notes. Specifically, immaterial restricted cash balances previously reported as components of short-term and long-term investments are now reported within the other current assets and other assets sections, respectively, in our condensed consolidated balance sheet.
Customer accounts and funds receivable	Customer accounts and funds receivable Customer accounts represent cash received from buyers that is held by financial institutions. Due to safeguarding requirements in certain regions, a portion of this balance is considered restricted. Funds receivable represents customer cash in transit and held by payment processors. These balances are associated with marketplace activity and are awaiting payment to sellers. We are exposed to credit losses from customer accounts and funds receivable balances held by third party financial institutions and payment processors. We assess these balances for credit loss based on a review of the average period for which the funds are held, current credit ratings and our assessment of the probability of default and loss given default models. In the first quarter of 2024 and 2023, no credit-related losses were recorded.
Cash, cash equivalents and restricted cash	Cash, cash equivalents and restricted cash Cash and cash equivalents are short-term, highly liquid investments with original maturities of three months or less when purchased, which may include bank deposits, U.S. Treasury securities, time deposits, and certificates of deposit. We consider cash to be restricted when withdrawal or general use is legally restricted. Restricted cash is held in interest bearing accounts for letters of credit related to our global sabbatical program and for certain amounts related to other compensation arrangements held in escrow. We also hold restricted cash in segregated bank accounts for purposes of safeguarding customer funds.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07—Segment Reporting (Topic 280): Improvements to Reportable Segments Disclosures. The new guidance is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses enabling investors to better understand an entity’s overall performance and assess potential future cash flows. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. The standard will be effective for annual reporting periods beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-08—Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets. The new guidance addresses the accounting and disclosure requirements for certain crypto assets and requires entities to subsequently measure certain crypto assets at fair value, with changes in fair value recorded in net income in each reporting period. In addition, entities are required to provide additional disclosures about the holdings of certain crypto assets. The standard is effective for annual reporting periods beginning after December 15, 2024, 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. In December 2023, the FASB issued ASU 2023-09—Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The new guidance is intended to further standardize income tax disclosures primarily related to the presentation of the effective tax rate reconciliation and income taxes paid information in our financial statements and disclosures. The standard is effective for annual reporting periods beginning after December 15, 2024. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
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 per share for the periods indicated (in millions, except per share amounts): Three Months Ended 2024 2023 Numerator: Income from continuing operations $ 439 $ 569 Loss from discontinued operations, net of income taxes (1) (2) Net income $ 438 $ 567 Denominator: Weighted average shares of common stock - basic 516 537 Dilutive effect of equity incentive awards 3 4 Weighted average shares of common stock - diluted 519 541 Income per share - basic: Continuing operations $ 0.85 $ 1.06 Discontinued operations — — Net income per share - basic $ 0.85 $ 1.06 Income per share - diluted: Continuing operations $ 0.85 $ 1.05 Discontinued operations — — Net income per share - diluted $ 0.85 $ 1.05 Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive 9 12

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Activity	The following table presents goodwill activity for the period indicated (in millions): December 31, Goodwill Adjustments March 31, Goodwill $ 4,267 $ — $ (32) $ 4,235
Schedule of Identifiable Intangible Assets	The following table presents components of identifiable intangible assets as of the dates indicated (in millions, except years): March 31, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life (Years) Intangible assets: Customer lists and user base $ 241 $ (202) $ 39 8 $ 245 $ (203) $ 42 8 Marketing related 79 (58) 21 6 79 (58) 21 6 Developed technologies 239 (195) 44 4 240 (191) 49 4 All other 158 (156) 2 3 159 (157) 2 3 Total $ 717 $ (611) $ 106 $ 723 $ (609) $ 114
Finite-Lived Intangible Assets Amortization Expense	The following table presents expected future intangible asset amortization as of the date indicated (in millions): March 31, 2024 Remaining 2024 $ 27 2025 32 2026 22 2027 25 Total $ 106

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
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 2024 2023 U.S. $ 1,302 $ 1,261 United Kingdom 390 381 China 275 237 Germany 242 252 Rest of world 347 379 Total net revenues $ 2,556 $ 2,510

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2024
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 as of the dates indicated (in millions): March 31, 2024 Gross Gross Gross Estimated Short-term investments: Corporate debt securities $ 1,276 $ — $ (6) $ 1,270 Government and agency securities 481 — (8) 473 $ 1,757 $ — $ (14) $ 1,743 Long-term investments: Corporate debt securities $ 582 $ — $ (7) $ 575 Government and agency securities 462 — (16) 446 $ 1,044 $ — $ (23) $ 1,021 December 31, 2023 Gross Gross Gross Estimated Short-term investments: Corporate debt securities $ 2,170 $ — $ (8) $ 2,162 Government and agency securities 382 — (11) 371 $ 2,552 $ — $ (19) $ 2,533 Long-term investments: Corporate debt securities $ 338 $ — $ (10) $ 328 Government and agency securities 287 — (16) 271 $ 625 $ — $ (26) $ 599
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 by date of contractual maturity as of the date indicated (in millions): March 31, One year or less $ 1,743 One year through two years 437 Two years through three years 551 Three years through four years 29 Thereafter 4 Total $ 2,764
Summarized Financial Information	The following table presents a reconciliation of the opening to closing balance of our equity investment in Adevinta as of the date indicated (in millions): March 31, Opening balance at beginning of period $ 4,474 Unrealized change in fair value of equity investment in Adevinta (234) Closing balance at end of period $ 4,240 We recorded $234 million of unrealized losses within gain (loss) on equity investments and warrant, net during the three months ended March 31, 2024 compared to $174 million of unrealized gains during the same period in 2023. The following table presents a reconciliation of the opening to closing balance of our equity investment in Gmarket as of the date indicated (in millions): March 31, Opening balance at beginning of period $ 335 Unrealized change in fair value of equity investment in Gmarket (6) Closing balance at end of period $ 329 We recorded $6 million and $11 million of unrealized losses within gain (loss) on equity investments and warrant, net during the three months ended March 31, 2024 and 2023, respectively.
Schedule of Equity Method Investments	The following table summarizes our equity investments as of the dates indicated (in millions): Balance Sheet Location March 31, December 31, Equity investment in Adevinta Equity investment in Adevinta $ 4,240 $ 4,474 Equity investments under the fair value option Long-term investments 376 382 Equity investments under the equity method of accounting Long-term investments 56 55 Equity investments without readily determinable fair values Long-term investments 93 93 Total equity investments $ 4,765 $ 5,004
Summary of Unrealized Gains and Losses	The following table summarizes unrealized gains and losses on equity investments held as of March 31, 2024 and presented within gain (loss) on equity investments and warrant, net for the periods indicated (in millions): Three Months Ended 2024 2023 Net gains (losses) recognized during the period on equity investments $ (246) $ 160 Less: Net gains (losses) recognized during the period on equity investments sold during the period — — Total unrealized gains (losses) on equity investments held, end of period $ (246) $ 160

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
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 $ 14 $ 10 Foreign exchange contracts not designated as hedging instruments Other current assets 7 13 Warrant Other current assets 513 364 Foreign exchange contracts designated as cash flow hedges Other assets 8 9 Total derivative assets $ 542 $ 396 Derivative Liabilities: Foreign exchange contracts designated as cash flow hedges Other current liabilities $ 2 $ 14 Foreign exchange contracts not designated as hedging instruments Other current liabilities 5 19 Total derivative liabilities $ 7 $ 33 Total fair value of derivative instruments $ 535 $ 363
Impact of derivative contracts on accumulated other comprehensive income	The following tables present the activity of derivative instruments designated as cash flow hedges gross of tax as of March 31, 2024 and December 31, 2023, and the impact of these derivative contracts on AOCI as of the dates indicated (in millions): December 31, 2023 Amount of Gain (Loss) Recognized in Other Comprehensive Income Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings March 31, 2024 Foreign exchange contracts designated as cash flow hedges $ (64) $ 14 $ (10) $ (40) Interest rate contracts designated as cash flow hedges 51 — 2 49 Total $ (13) $ 14 $ (8) $ 9 December 31, 2022 Amount of Gain (Loss) Recognized in Other Comprehensive Income Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings March 31, 2023 Foreign exchange contracts designated as cash flow hedges $ 52 $ (21) $ 28 $ 3 Interest rate contracts designated as cash flow hedges 62 — 4 58 Total $ 114 $ (21) $ 32 $ 61
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 2024 2023 Foreign exchange contracts designated as cash flow hedges recognized in net revenues $ (10) $ 29 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 income and other, net 8 (4) Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income $ (2) $ 24 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 2024 2023 Gain (loss) from interest rate contracts designated as cash flow hedges recognized in interest expense $ 2 $ 4 Gain (loss) from interest rate contracts designated as fair value hedges recognized in interest expense 1 — Total gain (loss) recognized from interest rate derivative contracts in the condensed consolidated statement of income $ 3 $ 4 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 2024 2023 Gain (loss) attributable to changes in the fair value of warrant recognized in gain (loss) on equity investments and warrant, net $ 149 $ 38
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 $ 1,561 $ 1,699 Foreign exchange contracts not designated as hedging instruments 1,547 2,225 Total $ 3,108 $ 3,924

Fair Value Measurement of Ass_2

Fair Value Measurement of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash, cash equivalents and restricted cash Cash and cash equivalents $ 2,130 $ 2,130 $ — $ — Customer accounts 448 448 — — Restricted cash included in other current assets 79 79 — — Restricted cash included in other assets 4 4 — — Total cash, cash equivalents and restricted cash 2,661 2,661 — — Equity investment in Adevinta 4,240 4,240 — — Derivatives 542 — 29 513 Short-term investments: Corporate debt securities 1,270 — 1,270 — Government and agency securities 473 — 473 — Total short-term investments 1,743 — 1,743 — Long-term investments: Corporate debt securities 575 — 575 — Government and agency securities 446 — 446 — Equity investment under the fair value option 329 — — 329 Total long-term investments 1,350 — 1,021 329 Total financial assets $ 10,536 $ 6,901 $ 2,793 $ 842 Liabilities: Derivatives $ 7 $ — $ 7 $ — December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs (Level 3) Assets: Cash, cash equivalents and restricted cash Cash and cash equivalents $ 1,985 $ 1,985 $ — $ — Customer accounts 481 481 — — Restricted cash included in other current assets 23 23 — — Restricted cash included in other assets 4 4 — — Total cash, cash equivalents and restricted cash 2,493 2,493 — — Equity investment in Adevinta 4,474 4,474 — — Derivatives 396 — 32 364 Short-term investments: Corporate debt securities 2,162 — 2,162 — Government and agency securities 371 — 371 — Total short-term investments 2,533 — 2,533 — Long-term investments: Corporate debt securities 328 — 328 — Government and agency securities 271 — 271 — Equity investment under the fair value option 335 — — 335 Total long-term investments 934 — 599 335 Total financial assets $ 10,830 $ 6,967 $ 3,164 $ 699 Liabilities: Other liabilities $ 10 $ — $ — $ 10 Derivatives $ 33 $ — $ 33 $ —
Schedule of Assets Measured Using Significant Unobservable Inputs	The following table presents 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 $ 364 $ 214 Change in fair value 149 150 Closing balance at end of period $ 513 $ 364 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, 2024 (in millions, except percentages): Fair value Valuation technique Unobservable Input (1) Range (weighted average) Warrant $ 513 Black-Scholes and Monte Carlo Probability of vesting 0.0% - 95.0% (81.2%) Equity volatility (38%) (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, Opening balance at beginning of period $ 335 $ 431 Change in fair value (6) (96) Closing balance at end of period $ 329 $ 335 Fair value Valuation technique Unobservable Input (1) Range Equity investment in Gmarket $ 329 Market multiples Revenue multiple — GPC method 0.6x — 1.8x Revenue multiple — GMAC method 1.0x — 3.2x (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, 2024
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 Rate March 31, 2024 Effective Interest Rate December 31, 2023 Effective Interest Rate Long-Term Debt Senior Notes: 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 2025 5.900 % 425 6.036 % 425 6.036 % 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 2027 5.950 % 300 6.064 % 300 6.064 % 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 2032 6.300 % 425 6.371 % 425 6.371 % 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 7,750 7,750 Hedge accounting fair value adjustments (1) 1 2 Unamortized premium/(discount) and debt issuance costs (27) (29) Less: Current portion of long-term debt (1,550) (750) Total long-term debt 6,174 6,973 Short-Term Debt Current portion of long-term debt 1,550 750 Unamortized premium/(discount) and debt issuance costs 1 — Total short-term debt 1,551 750 Total Debt $ 7,725 $ 7,723 (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, 2024
Balance Sheet Components [Abstract]
Customer Accounts and Funds Receivable	Customer accounts and funds receivable March 31, December 31, (In millions) Customer accounts $ 448 $ 481 Funds receivable 660 532 Customer accounts and funds receivable $ 1,108 $ 1,013
Schedule of Other Current Assets	Other current assets March 31, December 31, (In millions) Warrant $ 513 $ 364 Prepaid expenses 144 116 Income and other tax receivable 97 99 Accounts receivable, net 89 94 Restricted Cash 79 23 Short-term derivative assets 21 23 Payment processor advances 5 36 Other 237 256 Other current assets $ 1,185 $ 1,011
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities March 31, December 31, (In millions) Accrued sales and use tax and VAT $ 456 $ 424 Compensation and related benefits 338 581 Accrued marketing expenses 201 181 Transaction loss reserve 126 125 Operating lease liabilities 121 118 Accrued general and administrative expenses 81 79 Accrued interest expense 74 56 Accrued legal matters 64 132 Accrued restructuring 57 102 Deferred revenue 33 34 Other 378 364 Accrued expenses and other current liabilities $ 1,929 $ 2,196
Schedule of Gain (loss) on Equity Method Investments and Warrants	Gain (loss) on equity investments and warrant, net Three Months Ended 2024 2023 (In millions) Unrealized change in fair value of equity investment in Adevinta $ (234) $ 174 Unrealized change in fair value of equity investment in Gmarket (6) (11) Unrealized change in fair value of equity investment in KakaoBank — (3) Change in fair value of warrant 149 38 Gain (loss) on other investments (6) — Total gain (loss) on equity investments and warrant, net $ (97) $ 198
Schedule of Interest and Other, Net	Interest income and other, net Three Months Ended 2024 2023 (In millions) Interest income $ 61 $ 42 Foreign exchange and other 7 — Total interest income and other, net $ 68 $ 42

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 $ 1,447 Authorization of additional repurchases in February 2024 2,000 Repurchase of shares of common stock 10 $ 51.02 $ 499 (499) Balance as of March 31, 2024 $ 2,948 (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 and excise tax accruals.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 24 Awarded 1 Vested (3) Forfeited (2) Outstanding as of March 31, 2024 20
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 2024 2023 Cost of net revenues $ 13 $ 13 Sales and marketing 23 20 Product development 64 59 General and administrative 46 36 Total stock-based compensation expense $ 146 $ 128 Capitalized in product development $ 5 $ 4

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2024
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 Gains (Losses) on Investments Foreign Currency Translation Estimated Tax (Expense) Benefit Total Balance as of December 31, 2023 $ (13) $ (45) $ 206 $ 37 $ 185 Other comprehensive income (loss) before reclassifications 14 8 (37) (5) (20) Less: Amount of gain (loss) reclassified from AOCI (8) — — 2 (6) Net current period other comprehensive income (loss) 22 8 (37) (7) (14) Balance as of March 31, 2024 $ 9 $ (37) $ 169 $ 30 $ 171 Unrealized Gains (Losses) on Derivative Instruments Unrealized Gains (Losses) on Investments Foreign Currency Translation Estimated Tax (Expense) Benefit Total Balance as of December 31, 2022 $ 114 $ (98) $ 222 $ 21 $ 259 Other comprehensive income (loss) before reclassifications (21) 19 1 (2) (3) Less: Amount of gain (loss) reclassified from AOCI 32 — — (7) 25 Net current period other comprehensive income (loss) (53) 19 1 5 (28) Balance as of March 31, 2023 $ 61 $ (79) $ 223 $ 26 $ 231
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 Three Months Ended 2024 2023 Gains (losses) on cash flow hedges: Foreign exchange contracts Net revenues $ (10) $ 29 Foreign exchange contracts Cost of net revenues — (1) Interest rate contracts Interest income and other, net 2 4 Total, from continuing operations before income taxes (8) 32 Provision for income taxes 2 (7) Total, from continuing operations net of income taxes (6) 25 Total reclassifications for the period Total, net of income taxes $ (6) $ 25

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule of restructuring activity	The following table summarizes restructuring reserve activity for the period indicated (in millions): Three Months Ended March 31, 2024 Accrued liability, beginning of period $ 102 Payments (36) Adjustments (9) Accrued liability, end of period $ 57

The Company and Summary of Si_3

The Company and Summary of Significant Accounting Policies - Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended			12 Months Ended
	Mar. 31, 2024 USD ($) market $ / shares	Mar. 31, 2023 USD ($) $ / shares	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2023	Nov. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of operating markets | market	190
Net income | $	$ 438	$ 567
Gain per share from revision of useful life, basic (in usd per share)	$ 0.85	$ 1.06
Gain per share from revision of useful life, diluted (in usd per share)	$ 0.85	$ 1.05
Service Life
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation expense decrease | $	$ 26
Net income | $	$ 21
Gain per share from revision of useful life, basic (in usd per share)	$ 0.04
Gain per share from revision of useful life, diluted (in usd per share)	$ 0.04
Software and Software Development Costs
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, plant and equipment, useful life					4 years	3 years
Adevinta
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage after sale			33%
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 Per Share - Schedule

Net Income Per Share - Schedule of Basic and Diluted Net Income per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Income from continuing operations	$ 439	$ 569
Loss from discontinued operations, net of income taxes	(1)	(2)
Net income	$ 438	$ 567
Denominator:
Weighted average shares of common stock - basic (in shares)	516	537
Dilutive effect of equity incentive awards (in shares)	3	4
Weighted average shares of common stock - diluted (in shares)	519	541
Income per share - basic:
Continuing operations (in usd per share)	$ 0.85	$ 1.06
Discontinued operations (in usd per share)	0	0
Net income per share - basic (in usd per share)	0.85	1.06
Income per share - diluted:
Continuing operations (in usd per share)	0.85	1.05
Discontinued operations (in usd per share)	0	0
Net income per share - diluted (in usd per share)	$ 0.85	$ 1.05
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive (in shares)	9	12

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill Activity (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 4,267
Goodwill Acquired	0
Adjustments	(32)
Ending balance	$ 4,235

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 717	$ 723
Accumulated Amortization	(611)	(609)
Net Carrying Amount	106	114
Customer lists and user base
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	241	245
Accumulated Amortization	(202)	(203)
Net Carrying Amount	$ 39	$ 42
Weighted Average Useful Life (Years)	8 years	8 years
Marketing related
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 79	$ 79
Accumulated Amortization	(58)	(58)
Net Carrying Amount	$ 21	$ 21
Weighted Average Useful Life (Years)	6 years	6 years
Developed technologies
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 239	$ 240
Accumulated Amortization	(195)	(191)
Net Carrying Amount	$ 44	$ 49
Weighted Average Useful Life (Years)	4 years	4 years
All other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 158	$ 159
Accumulated Amortization	(156)	(157)
Net Carrying Amount	$ 2	$ 2
Weighted Average Useful Life (Years)	3 years	3 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 8	$ 10

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Intangible Asset Amortization Expense, Fiscal Year Maturity (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Fiscal year:
Remaining 2024	$ 27
2025	32
2026	22
2027	25
Net Carrying Amount	$ 106	$ 114

Segments (Details)

Segments (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment	1
Number of reportable segments | segment	1
Net Revenues [Abstract]
Total net revenues	$ 2,556	$ 2,510
U.S.
Net Revenues [Abstract]
Total net revenues	1,302	1,261
United Kingdom
Net Revenues [Abstract]
Total net revenues	390	381
China
Net Revenues [Abstract]
Total net revenues	275	237
Germany
Net Revenues [Abstract]
Total net revenues	242	252
Rest of world
Net Revenues [Abstract]
Total net revenues	$ 347	$ 379

Investments - Available-For-Sal

Investments - Available-For-Sale Securities (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Investments
Estimated Fair Value	$ 2,764
Short-term investments:
Investments
Gross Amortized Cost	1,757	$ 2,552
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(14)	(19)
Estimated Fair Value	1,743	2,533
Short-term investments: | Corporate debt securities
Investments
Gross Amortized Cost	1,276	2,170
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(6)	(8)
Estimated Fair Value	1,270	2,162
Short-term investments: | Government and agency securities
Investments
Gross Amortized Cost	481	382
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(8)	(11)
Estimated Fair Value	473	371
Long-term investments:
Investments
Gross Amortized Cost	1,044	625
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(23)	(26)
Estimated Fair Value	1,021	599
Long-term investments: | Corporate debt securities
Investments
Gross Amortized Cost	582	338
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(7)	(10)
Estimated Fair Value	575	328
Long-term investments: | Government and agency securities
Investments
Gross Amortized Cost	462	287
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(16)	(16)
Estimated Fair Value	$ 446	$ 271

Investments - General, Narrativ

Investments - General, Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Investments [Abstract]
Investment securities in a continuous unrealized loss position for less then 12 months	$ 1,700	$ 1,500
Investment securities unrealized loss	1	2
Estimated fair value for securities in continuous unrealized loss position for greater than 12 months	1,000	1,100
Investment securities in a continuous loss position for greater than 12 months, unrealized losses	$ (36)	$ (43)

Investments - Estimated Fair Va

Investments - Estimated Fair Values of Short and Long-Term Investments Classified by Date of Contractual Maturity (Details) $ in Millions	Mar. 31, 2024 USD ($)
Investments [Abstract]
One year or less	$ 1,743
One year through two years	437
Two years through three years	551
Three years through four years	29
Thereafter	4
Estimated Fair Value	$ 2,764

Investments - Equity Investment

Investments - Equity Investments (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Equity investments with readily determinable fair values	$ 4,240	$ 4,474
Total equity investments	4,765	5,004
Adevinta
Schedule of Investments [Line Items]
Equity investments with readily determinable fair values	4,240	4,474
Long-term investments:
Schedule of Investments [Line Items]
Equity investments	376	382
Equity investments under the equity method of accounting	56	55
Equity investments without readily determinable fair values	$ 93	$ 93

Investments - Equity Method Inv

Investments - Equity Method Investment in Adevinta - Narrative (Details) - Adevinta - USD ($) shares in Millions, $ in Billions		3 Months Ended
	Nov. 21, 2023	Jun. 30, 2022	Dec. 31, 2022	Jun. 24, 2021
Schedule of Investments [Line Items]
Ownership percentage				44%
Equity investment under fair value option				$ 10.8
Ownership percentage after sale		33%
Permira
Schedule of Investments [Line Items]
Number of shares issued in transaction	50%
Consideration received on transaction	$ 2.2
Percent of equity stake received in exchange for stock	20%
Permira
Schedule of Investments [Line Items]
Number of voting shares sold			135
Total consideration from sale of equity securities		$ 2.3

Investments - Summarized Financ

Investments - Summarized Financial Information of Investment (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Schedule Of Investments [Roll Forward]
Opening balance at beginning of period	$ 4,474
Unrealized change in fair value of equity investment	(246)	$ 160
Realized change in fair value of shares sold	0	0
Closing balance at end of period	4,240		$ 4,474
Adevinta
Schedule Of Investments [Roll Forward]
Opening balance at beginning of period	4,474
Unrealized change in fair value of equity investment	(234)	174
Closing balance at end of period	4,240		4,474
GMarket
Schedule Of Investments [Roll Forward]
Opening balance at beginning of period	335	$ 431	431
Unrealized change in fair value of equity investment	(6)		(96)
Closing balance at end of period	$ 329		$ 335

Investments - Other Equity Inve

Investments - Other Equity Investments Under The Fair Value Option (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Mar. 31, 2024	Dec. 31, 2023
Investments | Recurring
Schedule of Investments [Line Items]
Asset, fair value		$ 47	$ 47
Gmarket
Schedule of Investments [Line Items]
Ownership percentage after sale	19.99%
Investment balance	$ 728
Discontinued Operations, Disposed of by Sale | eBay Korea
Schedule of Investments [Line Items]
Percentage of outstanding equity interests sold	80.01%

Investments - Unrealized Gain (

Investments - Unrealized Gain (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investments [Abstract]
Net gains (losses) recognized during the period on equity investments	$ (246)	$ 160
Less: Net gains (losses) recognized during the period on equity investments sold during the period	0	0
Total unrealized gains (losses) on equity investments held, end of period	$ (246)	$ 160

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) tranche
Derivative [Line Items]
Foreign currency net derivative losses to be reclassified into earnings within the next 12 months	$ 30,000,000
Interest rate net derivative gains to be reclassified into earnings within the next 12 months	8,000,000
Foreign exchange contracts
Derivative [Line Items]
Offset asset	4,000,000
Offset liability	4,000,000
Net derivative assets	25,000,000
Net derivative liabilities	$ 0
Warrant
Derivative [Line Items]
Maximum percentage of acquired shares	5%
Warrants term (years)	7 years
Number of tranches | tranche	4
Maximum number of tranches that can vest per year | tranche	2
Interest rate contracts
Derivative [Line Items]
Offset asset	$ 0
Offset liability	$ 0
Designated as Hedging Instrument | Foreign exchange contracts | Minimum
Derivative [Line Items]
Derivative contract duration, up to	1 month
Designated as Hedging Instrument | Foreign exchange contracts | Maximum
Derivative [Line Items]
Derivative contract duration, up to	1 year
Designated as Hedging Instrument | Foreign exchange contracts | Cash Flow Hedging | Maximum
Derivative [Line Items]
Derivative contract duration, up to	24 months

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Contracts (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Assets:	$ 542	$ 396
Derivative Liabilities:	7	33
Total fair value of derivative instruments	535	363
Foreign exchange contracts | Designated as Hedging Instrument | Other current assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative Assets:	14	10
Foreign exchange contracts | Designated as Hedging Instrument | Other assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative Assets:	8	9
Foreign exchange contracts | Designated as Hedging Instrument | Other current liabilities | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative Liabilities:	2	14
Foreign exchange contracts | Not Designated as Hedging Instrument | Other current assets
Derivatives, Fair Value [Line Items]
Derivative Assets:	7	13
Foreign exchange contracts | Not Designated as Hedging Instrument | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities:	5	19
Warrant | Designated as Hedging Instrument | Other assets | Fair Value Hedging
Derivatives, Fair Value [Line Items]
Derivative Assets:	$ 513	$ 364

Derivative Instruments - Deriva

Derivative Instruments - Derivatives in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Foreign exchange contracts
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings	$ (2)	$ 24
Designated as Hedging Instrument | Cash Flow Hedging
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Beginning Balance	(13)	114
Amount of Gain (Loss) Recognized in Other Comprehensive Income	14	(21)
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings	(8)	32
Ending Balance	9	61
Designated as Hedging Instrument | Foreign exchange contracts | Cash Flow Hedging
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Beginning Balance	(64)	52
Amount of Gain (Loss) Recognized in Other Comprehensive Income	14	(21)
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings	(10)	28
Ending Balance	(40)	3
Designated as Hedging Instrument | Interest rate contracts
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings	3	4
Designated as Hedging Instrument | Interest rate contracts | Cash Flow Hedging
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Beginning Balance	51	62
Amount of Gain (Loss) Recognized in Other Comprehensive Income	0	0
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings	2	4
Ending Balance	$ 49	$ 58

Derivative Instruments - Effect

Derivative Instruments - Effect of Derivative Contracts on Condensed Consolidated Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest income and other, net	Interest income and other, net
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	$ (8)	$ 32
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized from derivative contracts in the condensed consolidated statement of income	(2)	24
Foreign exchange contracts | 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	$ (10)	$ 28
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net revenues	Net revenues
Foreign exchange contracts | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized from derivative contracts in the condensed consolidated statement of income	$ 8	$ (4)
Foreign exchange contracts | 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 contracts | 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	(10)	29
Interest rate contracts | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized from derivative contracts in the condensed consolidated statement of income	3	4
Interest rate contracts | 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	2	4
Interest rate contracts | Interest and other, net | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from interest rate contracts designated as cash flow hedges recognized in interest expense	2	4
Interest rate contracts | Interest and other, net | Designated as Hedging Instrument | Fair Value Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from interest rate contracts designated as cash flow hedges recognized in interest expense	1	0
Warrant | Interest and other, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) attributable to changes in the fair value of warrant recognized in gain (loss) on equity investments and warrant, net	$ 149	$ 38

Derivative Instruments - Notion

Derivative Instruments - Notional Amounts of Derivatives Outstanding (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative, notional amount	$ 3,108	$ 3,924
Foreign exchange contracts | Designated as Hedging Instrument | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative, notional amount	1,561	1,699
Foreign exchange contracts | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, notional amount	$ 1,547	$ 2,225

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, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents	$ 2,130	$ 1,985
Long-term investments:
Assets:
Equity investments	376	382
Recurring
Assets:
Cash and cash equivalents	2,661	2,493
Derivatives	542	396
Total financial assets	10,536	10,830
Liabilities:
Other liabilities		10
Derivatives	7	33
Recurring | Cash and cash equivalents
Assets:
Cash and cash equivalents	2,130	1,985
Recurring | Customer accounts
Assets:
Cash and cash equivalents	448	481
Recurring | Restricted cash included in other current assets
Assets:
Cash and cash equivalents	79	23
Recurring | Restricted cash included in other assets
Assets:
Cash and cash equivalents	4	4
Recurring | Adevinta
Assets:
Equity investments	4,240	4,474
Recurring | Short-term investments:
Assets:
Investments	1,743	2,533
Recurring | Long-term investments:
Assets:
Investments	1,350	934
Recurring | Long-term investments: | Equity investment under the fair value option
Assets:
Investments	329	335
Recurring | Corporate debt securities | Short-term investments:
Assets:
Investments	1,270	2,162
Recurring | Corporate debt securities | Long-term investments:
Assets:
Investments	575	328
Recurring | Government and agency securities | Short-term investments:
Assets:
Investments	473	371
Recurring | Government and agency securities | Long-term investments:
Assets:
Investments	446	271
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents	2,661	2,493
Derivatives	0	0
Total financial assets	6,901	6,967
Liabilities:
Other liabilities		0
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Cash and cash equivalents
Assets:
Cash and cash equivalents	2,130	1,985
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Customer accounts
Assets:
Cash and cash equivalents	448	481
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Restricted cash included in other current assets
Assets:
Cash and cash equivalents	79	23
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Restricted cash included in other assets
Assets:
Cash and cash equivalents	4	4
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Adevinta
Assets:
Equity investments	4,240	4,474
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments:
Assets:
Investments	0	0
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) | 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 | Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents	0	0
Derivatives	29	32
Total financial assets	2,793	3,164
Liabilities:
Other liabilities		0
Derivatives	7	33
Recurring | Significant Other Observable Inputs (Level 2) | Cash and cash equivalents
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Customer accounts
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Restricted cash included in other current assets
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Restricted cash included in other assets
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Adevinta
Assets:
Equity investments	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Short-term investments:
Assets:
Investments	1,743	2,533
Recurring | Significant Other Observable Inputs (Level 2) | Long-term investments:
Assets:
Investments	1,021	599
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) | Corporate debt securities | Short-term investments:
Assets:
Investments	1,270	2,162
Recurring | Significant Other Observable Inputs (Level 2) | Corporate debt securities | Long-term investments:
Assets:
Investments	575	328
Recurring | Significant Other Observable Inputs (Level 2) | Government and agency securities | Short-term investments:
Assets:
Investments	473	371
Recurring | Significant Other Observable Inputs (Level 2) | Government and agency securities | Long-term investments:
Assets:
Investments	446	271
Recurring | Significant Unobservable Inputs (Level 3)
Assets:
Cash and cash equivalents	0	0
Derivatives	513	364
Total financial assets	842	699
Liabilities:
Other liabilities		10
Derivatives	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Cash and cash equivalents
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Customer accounts
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Restricted cash included in other current assets
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Restricted cash included in other assets
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Adevinta
Assets:
Equity investments	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	329	335
Recurring | Significant Unobservable Inputs (Level 3) | Long-term investments: | Equity investment under the fair value option
Assets:
Investments	329	335
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

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) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Minimum | Probability of vesting
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Warrant, measurement input	0
Maximum | Probability of vesting
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Warrant, measurement input	0.950
Weighted Average | Probability of vesting
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Warrant, measurement input	0.812
Weighted Average | Equity volatility
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Warrant, measurement input	0.38
Warrant
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 364	$ 214
Change in fair value	149	150
Ending balance	$ 513	$ 364

Fair Value Measurement of Ass_5

Fair Value Measurement of Assets and Liabilities - Narrative (Details)	Mar. 31, 2024 tranche
Schedule of Equity Method Investments [Line Items]
Number of tranches	3

Fair Value Measurement of Ass_6

Fair Value Measurement of Assets and Liabilities - Quantitative Information About Level 3 Warrants, Significant Inputs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2021
Gmarket
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Investment balance		$ 728
Recurring | Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 47
Ending balance	$ 47

Fair Value Measurement of Ass_7

Fair Value Measurement of Assets and Liabilities - Investments Measured Valued Using Unobservable Inputs (Details) - Recurring - Investments - Gmarket $ in Millions	Mar. 31, 2024 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket	$ 329
GPC method | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	0.6
GPC method | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	1.8
GMAC method | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	1
GMAC method | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	3.2

Debt - Carrying Value of Outsta

Debt - Carrying Value of Outstanding Debt (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Long-Term Debt
Hedge accounting fair value adjustments	$ 1	$ 2
Unamortized premium/(discount) and debt issuance costs	(27)	(29)
Current portion of long-term debt	(1,550)	(750)
Total long-term debt	6,174	6,973
Short-Term Debt
Current portion of long-term debt	1,550	750
Unamortized premium/(discount) and debt issuance costs	1	0
Total short-term debt	1,551	750
Total Debt	7,725	7,723
Senior Notes
Long-Term Debt
Total senior notes	$ 7,750	7,750
Senior Notes | Senior notes due 2024
Long-Term Debt
Coupon rate (in percent)	3.45%
Total senior notes	$ 750	$ 750
Effective interest rate (in percent)	3.531%	3.531%
Senior Notes | Senior notes due 2025
Long-Term Debt
Coupon rate (in percent)	1.90%
Total senior notes	$ 800	$ 800
Effective interest rate (in percent)	1.803%	1.803%
Senior Notes | Senior notes due 2025
Long-Term Debt
Coupon rate (in percent)	5.90%
Total senior notes	$ 425	$ 425
Effective interest rate (in percent)	6.036%	6.036%
Senior Notes | Senior notes due 2026
Long-Term Debt
Coupon rate (in percent)	1.40%
Total senior notes	$ 750	$ 750
Effective interest rate (in percent)	1.252%	1.252%
Senior Notes | Senior notes due 2027
Long-Term Debt
Coupon rate (in percent)	3.60%
Total senior notes	$ 850	$ 850
Effective interest rate (in percent)	3.689%	3.689%
Senior Notes | Senior notes due 2027
Long-Term Debt
Coupon rate (in percent)	5.95%
Total senior notes	$ 300	$ 300
Effective interest rate (in percent)	6.064%	6.064%
Senior Notes | Senior notes due 2030
Long-Term Debt
Coupon rate (in percent)	2.70%
Total senior notes	$ 950	$ 950
Effective interest rate (in percent)	2.623%	2.623%
Senior Notes | Senior notes due 2031
Long-Term Debt
Coupon rate (in percent)	2.60%
Total senior notes	$ 750	$ 750
Effective interest rate (in percent)	2.186%	2.186%
Senior Notes | Senior notes due 2032
Long-Term Debt
Coupon rate (in percent)	6.30%
Total senior notes	$ 425	$ 425
Effective interest rate (in percent)	6.371%	6.371%
Senior Notes | Senior notes due 2042
Long-Term Debt
Coupon rate (in percent)	4%
Total senior notes	$ 750	$ 750
Effective interest rate (in percent)	4.114%	4.114%
Senior Notes | Senior notes due 2051
Long-Term Debt
Coupon rate (in percent)	3.65%
Total senior notes	$ 1,000	$ 1,000
Effective interest rate (in percent)	2.517%	2.517%

Debt - Senior Notes (Details)

Debt - Senior Notes (Details) $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Senior Notes
Debt Instrument [Line Items]
Change of control event		1.01
Interest expense		$ 65	$ 67
Fair value of long-term debt		$ 7,100		$ 7,100
Senior Notes | Senior notes due 2025
Debt Instrument [Line Items]
Interest rate (in percent)		5.90%
Senior Notes | Senior notes due 2027
Debt Instrument [Line Items]
Interest rate (in percent)		5.95%
Senior Notes | Senior notes due 2024
Debt Instrument [Line Items]
Interest rate (in percent)		3.45%
Senior Notes | Senior notes due 2025
Debt Instrument [Line Items]
Interest rate (in percent)		1.90%
Senior Notes | Senior notes due 2026
Debt Instrument [Line Items]
Interest rate (in percent)		1.40%
Senior Notes | Senior notes due 2027
Debt Instrument [Line Items]
Interest rate (in percent)		3.60%
Senior Notes | Senior notes due 2030
Debt Instrument [Line Items]
Interest rate (in percent)		2.70%
Senior Notes | Senior notes due 2031
Debt Instrument [Line Items]
Interest rate (in percent)		2.60%
Senior Notes | Senior notes due 2032
Debt Instrument [Line Items]
Interest rate (in percent)		6.30%
Senior Notes | Senior notes due 2042
Debt Instrument [Line Items]
Interest rate (in percent)		4%
Senior Notes | Senior notes due 2051
Debt Instrument [Line Items]
Interest rate (in percent)		3.65%
Senior Notes | Senior notes due 2023
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,200
Interest rate (in percent)	2.75%
Debt repaid	$ 1,200
Redemption price (in percent)	100%

Debt - Commercial Paper and Cre

Debt - Commercial Paper and Credit Agreement (Details)	1 Months Ended		3 Months Ended
	Jan. 31, 2024 USD ($)	Mar. 31, 2020 USD ($)	Mar. 31, 2024 USD ($)
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
Credit Agreement | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Variable rate (in percent)	0.10%
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	5 years
Amount outstanding			0
Maximum borrowing capacity	$ 2,000,000,000	$ 2,000,000,000
Remaining borrowing capacity			$ 2,000,000,000
Line of Credit | Maximum | Credit Agreement | Public Debt Ratings
Debt Instrument [Line Items]
Variable rate (in percent)	0.375%
Line of Credit | Minimum | Credit Agreement | Public Debt Ratings
Debt Instrument [Line Items]
Variable rate (in percent)	0%

Supplemental Consolidated Fin_3

Supplemental Consolidated Financial Information - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Balance Sheet Components [Abstract]
Allowance for doubtful accounts and authorized credits	$ 47		$ 49
Allowance for doubtful accounts	22		23
Decrease in allowance for doubtful accounts receivable	2
Allowance for doubtful accounts receivable, write-offs	7
Deferred revenue recognized	28	$ 31
Allowance for authorized credits	$ 25		$ 26

Supplemental Consolidated Fin_4

Supplemental Consolidated Financial Information - Customer Accounts and Funds Receivable (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Balance Sheet Components [Abstract]
Customer accounts	$ 448	$ 481	$ 303
Funds receivable	660	532
Customer accounts and funds receivable	$ 1,108	$ 1,013

Supplemental Consolidated Fin_5

Supplemental Consolidated Financial Information - Other Current Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Balance Sheet Components [Abstract]
Warrant	$ 513	$ 364
Prepaid expenses	144	116
Income and other tax receivable	97	99
Accounts receivable, net	89	94
Restricted Cash	79	23	$ 41
Short-term derivative assets	21	23
Payment processor advances	5	36
Other	237	256
Other current assets	$ 1,185	$ 1,011

Supplemental Consolidated Fin_6

Supplemental Consolidated Financial Information - Accrued Expense and Other Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Balance Sheet Components [Abstract]
Accrued sales and use tax and VAT	$ 456	$ 424
Compensation and related benefits	338	581
Accrued marketing expenses	201	181
Transaction loss reserve	126	125
Operating lease liabilities	121	118
Accrued general and administrative expenses	81	79
Accrued interest expense	74	56
Accrued legal matters	64	132
Accrued restructuring	57	102
Deferred revenue	33	34
Other	378	364
Accrued expenses and other current liabilities	$ 1,929	$ 2,196

Supplemental Consolidated Fin_7

Supplemental Consolidated Financial Information - Equity Method Investments and Warrants (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Balance Sheet Components [Line Items]
Unrealized change in fair value of equity investment	$ (246)	$ 160
Change in fair value of warrant	149	38
Gain (loss) on equity investments and warrant, net	(97)	198
Adevinta
Balance Sheet Components [Line Items]
Unrealized change in fair value of equity investment	(234)	174
Gmarket
Balance Sheet Components [Line Items]
Unrealized change in fair value of equity investment	(6)	(11)
KakaoBank
Balance Sheet Components [Line Items]
Unrealized change in fair value of equity investment	0	(3)
Adevinta Deal Expenses
Balance Sheet Components [Line Items]
Unrealized change in fair value of equity investment	$ (6)	$ 0

Supplemental Consolidated Fin_8

Supplemental Consolidated Financial Information - Schedule of Interest and Other, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Balance Sheet Components [Abstract]
Interest income	$ 61	$ 42
Foreign exchange and other	7	0
Interest income and other, net	$ 68	$ 42

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	1 Months Ended
	Jan. 31, 2024 USD ($) defendant	Mar. 31, 2024 USD ($) company
Loss Contingencies [Line Items]
Payment for loss	$ 59
Loss contingency, probable losses		$ 64
Number of companies | company		2
DPA
Loss Contingencies [Line Items]
Payment for loss	$ 3
Deferred prosecution agreement period	3 years
Former Company Employees | DPA
Loss Contingencies [Line Items]
Number of defendants | defendant	6
Former Company Contractor | DPA
Loss Contingencies [Line Items]
Number of defendants | defendant	1

Stockholders_ Equity - Narrativ

Stockholders’ Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Apr. 30, 2024	Mar. 31, 2024	Mar. 31, 2023	Feb. 29, 2024	Dec. 31, 2022
Equity, Class of Treasury Stock [Line Items]
Additional amount authorized				$ 2,000
Authorization of additional repurchases in February 2024				$ 2,000	$ 4,000
Payments for dividends		$ 139	$ 134
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Dividends declared (in usd per share)	$ 0.27

Stockholders_ Equity - Summary

Stockholders’ Equity - Summary of Stock Repurchase Activity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2024	Feb. 29, 2024	Dec. 31, 2022
Equity [Abstract]
Shares Repurchased (in shares)	10,000,000
Average Price per Share (in usd per share)	$ 51.02
Value of Shares Repurchased	$ 499
Shares Repurchased, Remaining Amount Authorized
Beginning balance	1,447
Authorization of additional repurchases in February 2024		$ 2,000	$ 4,000
Repurchase of shares of common stock	(499)
Ending balance	$ 2,948
Treasury shares retired (in shares)	0

Employee Benefit Plans - Restri

Employee Benefit Plans - Restricted Stock Units (Details) - RSU shares in Millions	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Units
Outstanding, beginning of period (in shares)	24
Awarded (in shares)	1
Vested (in shares)	(3)
Forfeited (in shares)	(2)
Outstanding, end of period (in shares)	20
Weighted average grant date fair value (in usd per share) | $ / shares	$ 43.93

Employee Benefit Plans - Stock-

Employee Benefit Plans - Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 146	$ 128
Cost of net revenues
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	13	13
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	23	20
Product development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	64	59
Capitalized in product development	5	4
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 46	$ 36

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Deferred tax liabilities on undistributed foreign earnings	$ 292	$ 292

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, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss), Tax
Beginning balance	$ 37	$ 21
Other comprehensive income (loss) before reclassifications	(5)	(2)
Less: Amount of gain (loss) reclassified from AOCI	2	(7)
Net current period other comprehensive income (loss)	(7)	5
Ending balance	30	26
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	6,396
Other comprehensive income (loss) before reclassifications	(20)	(3)
Less: Amount of gain (loss) reclassified from AOCI	(6)	25
Other comprehensive income (loss), net of tax	(14)	(28)
Ending balance	6,273	5,387
Unrealized Gains (Losses) on Derivative Instruments
Accumulated Other Comprehensive Income (Loss), Before Tax
Beginning balance	(13)	114
Other comprehensive income (loss) before reclassifications	14	(21)
Less: Amount of gain (loss) reclassified from AOCI	(8)	32
Net current period other comprehensive income (loss)	22	(53)
Ending balance	9	61
Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Before Tax
Beginning balance	(45)	(98)
Other comprehensive income (loss) before reclassifications	8	19
Less: Amount of gain (loss) reclassified from AOCI	0	0
Net current period other comprehensive income (loss)	8	19
Ending balance	(37)	(79)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Before Tax
Beginning balance	206	222
Other comprehensive income (loss) before reclassifications	(37)	1
Less: Amount of gain (loss) reclassified from AOCI	0	0
Net current period other comprehensive income (loss)	(37)	1
Ending balance	169	223
Accumulated other comprehensive income:
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	185	259
Ending balance	$ 171	$ 231

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, 2024	Mar. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of net revenues	$ (700)	$ (700)
Interest income and other, net	68	42
Total, from continuing operations before income taxes	536	730
Provision for income taxes	(97)	(161)
Net income	438	567
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	(6)	25
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains (Losses) on Derivative Instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total, from continuing operations before income taxes	(8)	32
Provision for income taxes	2	(7)
Net income	(6)	25
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains (Losses) on Derivative Instruments | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net revenues	(10)	29
Cost of net revenues	0	(1)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains (Losses) on Derivative Instruments | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income and other, net	$ 2	$ 4

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Activity (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Restructuring Reserve [Roll Forward]
Accrued liability, beginning of period	$ 102
Payments	(36)
Adjustments	(9)
Accrued liability, end of period	$ 57

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Charges	$ 99	$ 42