eBay (EBAY) 10-Q 31 Oct 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares shares in Millions	9 Months Ended
	Sep. 30, 2024	Oct. 25, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 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)		479
Entity Central Index Key	0001065088
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,589	$ 1,985
Short-term investments	3,302	2,533
Equity investment in Adevinta	0	4,474
Customer accounts and funds receivable	984	1,013
Other current assets	1,186	1,011
Total current assets	7,061	11,016
Long-term investments	1,534	1,129
Equity investment in Aurelia	1,910	0
Property and equipment, net	1,273	1,243
Goodwill	4,321	4,267
Operating lease right-of-use assets	428	493
Deferred tax assets	2,984	3,089
Other assets	404	383
Total assets	19,915	21,620
Current liabilities:
Short-term debt	1,243	750
Accounts payable	283	267
Customer accounts and funds payable	1,048	1,054
Accrued expenses and other current liabilities	2,275	2,196
Income taxes payable	790	253
Total current liabilities	5,639	4,520
Operating lease liabilities	326	387
Deferred tax liabilities	1,777	2,408
Long-term debt	6,175	6,973
Other liabilities	578	936
Total liabilities	14,495	15,224
Commitments and Contingencies (Note 10)
Stockholders’ equity:
Common stock, $0.001 par value; 3,580 shares authorized; 482 and 517 shares outstanding	2	2
Additional paid-in capital	18,161	17,792
Treasury stock at cost, 1,260 and 1,218 shares	(50,382)	(48,114)
Retained earnings	37,407	36,531
Accumulated other comprehensive income	232	185
Total stockholders’ equity	5,420	6,396
Total liabilities and stockholders’ equity	$ 19,915	$ 21,620

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - $ / shares shares in Millions	Sep. 30, 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)	482	517
Treasury stock - shares (in shares)	1,260	1,218

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net revenues	$ 2,576	$ 2,500	$ 7,704	$ 7,550
Cost of net revenues	727	705	2,162	2,123
Gross profit	1,849	1,795	5,542	5,427
Operating expenses:
Sales and marketing	592	567	1,710	1,644
Product development	374	401	1,104	1,145
General and administrative	194	283	673	831
Provision for transaction losses	89	85	266	259
Amortization of acquired intangible assets	5	4	14	17
Total operating expenses	1,254	1,340	3,767	3,896
Income from operations	595	455	1,775	1,531
Gain (loss) on equity investments and warrant, net	199	1,212	(120)	1,196
Interest expense	(63)	(65)	(194)	(198)
Interest income and other, net	66	59	200	147
Income from continuing operations before income taxes	797	1,661	1,661	2,676
Income tax provision	(161)	(355)	(360)	(629)
Income from continuing operations	636	1,306	1,301	2,047
Loss from discontinued operations, net of income taxes	(2)	(1)	(5)	(4)
Net income	$ 634	$ 1,305	$ 1,296	$ 2,043
Income per share - basic:
Continuing operations (in usd per share)	$ 1.31	$ 2.47	$ 2.59	$ 3.84
Discontinued operations (in usd per share)	0	0	(0.01)	(0.01)
Net income per share - basic (in usd per share)	1.31	2.47	2.58	3.83
Income per share - diluted:
Continuing operations (in usd per share)	1.29	2.46	2.57	3.81
Discontinued operations (in usd per share)	0	0	(0.01)	(0.01)
Net income per share - diluted (in usd per share)	$ 1.29	$ 2.46	$ 2.56	$ 3.80
Weighted-average shares:
Basic (in shares)	487	529	502	533
Diluted (in shares)	494	532	507	537

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 634	$ 1,305	$ 1,296	$ 2,043
Other comprehensive income (loss), net of reclassification adjustments:
Foreign currency translation gains (losses)	66	(30)	13	(66)
Unrealized gains on investments, net	31	13	45	32
Tax expense on unrealized gains on investments, net	(7)	(3)	(11)	(7)
Unrealized gains (losses) on hedging activities, net	(29)	40	0	(50)
Tax benefit (expense) on unrealized gains (losses) on hedging activities, net	6	(8)	0	11
Other comprehensive income (loss), net of tax	67	12	47	(80)
Comprehensive income	$ 701	$ 1,317	$ 1,343	$ 1,963

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]
Common stock and stock-based awards issued			48
Tax withholdings related to net share settlements of restricted stock units and awards			(126)
Stock-based compensation			426
Other			12
Common stock repurchased				(1,160)
Net income	$ 2,043				2,043
Dividends and dividend equivalents declared					(417)
Foreign currency translation adjustment						(66)
Change in unrealized gains on investments	32					32
Change in unrealized gains (losses) on derivative instruments						(50)
Tax benefit (provision) on above items						4
Ending balance at Sep. 30, 2023	$ 5,899	2	17,639	(47,862)	35,941	179
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends and dividend equivalents declared per share or restricted stock unit (in usd per share)	$ 0.75
Beginning balance at Jun. 30, 2023		2	17,529	(47,205)	34,775	167
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax withholdings related to net share settlements of restricted stock units and awards			(38)
Stock-based compensation			144
Other			4
Common stock repurchased				(657)
Net income	$ 1,305				1,305
Dividends and dividend equivalents declared					(139)
Foreign currency translation adjustment						(30)
Change in unrealized gains on investments	13					13
Change in unrealized gains (losses) on derivative instruments						40
Tax benefit (provision) on above items						(11)
Ending balance at Sep. 30, 2023	$ 5,899	2	17,639	(47,862)	35,941	179
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]
Common stock and stock-based awards issued			53
Tax withholdings related to net share settlements of restricted stock units and awards			(146)
Stock-based compensation			448
Other			14
Common stock repurchased	(2,249)			(2,268)
Net income	1,296				1,296
Dividends and dividend equivalents declared					(420)
Foreign currency translation adjustment						13
Change in unrealized gains on investments	45					45
Tax benefit (provision) on above items						(11)
Ending balance at Sep. 30, 2024	$ 5,420	2	18,161	(50,382)	37,407	232
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends and dividend equivalents declared per share or restricted stock unit (in usd per share)	$ 0.81
Beginning balance at Jun. 30, 2024		2	18,058	(49,626)	36,910	165
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax withholdings related to net share settlements of restricted stock units and awards			(50)
Stock-based compensation			147
Other			6
Common stock repurchased				(756)
Net income	$ 634				634
Dividends and dividend equivalents declared					(137)
Foreign currency translation adjustment						66
Change in unrealized gains on investments	31					31
Change in unrealized gains (losses) on derivative instruments						(29)
Tax benefit (provision) on above items						(1)
Ending balance at Sep. 30, 2024	$ 5,420	$ 2	$ 18,161	$ (50,382)	$ 37,407	$ 232
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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 634	$ 1,305	$ 1,296	$ 2,043
Loss from discontinued operations, net of income taxes	2	1	5	4
Adjustments:
Provision for transaction losses	89	85	266	259
Depreciation and amortization			245	305
Stock-based compensation			446	426
Loss on investments and other, net			84	88
Deferred income taxes			(534)	95
Change in fair value of warrant	(145)	109	(120)	40
Change in fair value of equity investment in Adevinta			156	(1,331)
Changes in assets and liabilities, net of acquisition effects			(107)	379
Net cash provided by continuing operating activities			1,737	2,308
Net cash used in discontinued operating activities			0	(4)
Net cash provided by operating activities			1,737	2,304
Cash flows from investing activities:
Purchases of property and equipment			(341)	(330)
Purchases of investments			(11,472)	(10,607)
Maturities of investments			10,421	11,499
Proceeds from sale of shares in Adevinta			2,410	0
Other			(67)	(42)
Net cash provided by investing activities			951	520
Cash flows from financing activities:
Proceeds from issuance of common stock			58	48
Repurchases of common stock			(2,238)	(1,118)
Payments for taxes related to net share settlements of restricted stock units and awards			(136)	(136)
Payments for dividends	(131)	(132)	(405)	(399)
Repayment of debt			(750)	(1,150)
Borrowings under commercial paper program			441	0
Net funds receivable and payable activity			230	684
Other			(14)	0
Net cash used in financing activities			(2,814)	(2,071)
Effect of exchange rate changes on cash, cash equivalents and restricted cash			5	(16)
Net increase (decrease) in cash, cash equivalents and restricted cash			(121)	737
Cash, cash equivalents and restricted cash at beginning of period			2,493	2,272
Cash, cash equivalents and restricted cash at end of period	2,372	3,009	2,372	3,009
Cash paid for:
Interest			179	192
Income taxes			640	97
Cash and cash equivalents	1,589	2,550	1,589	2,550
Customer accounts (including restricted cash of $185 and $0, respectively)	679	430	679	430
Restricted cash included in other current assets	102	25	102	25
Restricted cash included in other assets	2	4	2	4
Cash, cash equivalents and restricted cash	$ 2,372	$ 3,009	$ 2,372	$ 3,009

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Statement of Cash Flows [Abstract]
Restricted cash	$ 185	$ 0

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 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 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 but not limited to 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 September 30, 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 nine months ended September 30, 2024, was a reduction in depreciation expense of $14 million and an increase to net income of $11 million, or $0.02 per basic share and $0.02 per diluted share. The effect of this change in estimate for the nine months ended September 30, 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 nine months ended September 30, 2024, was a reduction in depreciation expense of $57 million and an increase to net income of $45 million, or $0.09 per basic share and $0.09 per diluted share. Principles of Consolidation and Basis of Presentation The accompanying financial statements are consolidated and include the financial statements of eBay Inc. and 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 was included in the “Current assets” section on the condensed consolidated balance sheet as of December 31, 2023 as discussed in “Note 5 — Investments.” 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 (the “2023 Form 10-K”). 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 investments” 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 2023 Form 10-K , 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 nine months 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	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Net Income 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 Nine Months Ended 2024 2023 2024 2023 Numerator: Income from continuing operations $ 636 $ 1,306 $ 1,301 $ 2,047 Loss from discontinued operations, net of income taxes (2) (1) (5) (4) Net income $ 634 $ 1,305 $ 1,296 $ 2,043 Denominator: Weighted average shares of common stock - basic 487 529 502 533 Dilutive effect of equity incentive awards 7 3 5 4 Weighted average shares of common stock - diluted 494 532 507 537 Income per share - basic: Continuing operations $ 1.31 $ 2.47 $ 2.59 $ 3.84 Discontinued operations — — (0.01) (0.01) Net income per share - basic $ 1.31 $ 2.47 $ 2.58 $ 3.83 Income per share - diluted: Continuing operations $ 1.29 $ 2.46 $ 2.57 $ 3.81 Discontinued operations — — (0.01) (0.01) Net income per share - diluted $ 1.29 $ 2.46 $ 2.56 $ 3.80 Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive 4 10 13 10

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 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 September 30, Goodwill $ 4,267 $ 54 $ — $ 4,321 Goodwill acquired during the nine months ended September 30, 2024 relates to the second quarter acquisition of Goldin, a leading U.S.-based auction house for high-value trading cards and collectibles. The adjustments to goodwill during the nine months ended September 30, 2024 were immaterial. 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): September 30, 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 $ 253 $ (203) $ 50 8 $ 245 $ (203) $ 42 8 Marketing related 101 (61) 40 7 79 (58) 21 6 Developed technologies 239 (201) 38 4 240 (191) 49 4 All other 159 (158) 1 3 159 (157) 2 3 Total $ 752 $ (623) $ 129 $ 723 $ (609) $ 114 For the three and nine months ended September 30, 2024, amortization expense for intangible assets was $10 million and $27 million, respectively, compared to $8 million and $26 million during the same periods in 2023. The following table presents expected future intangible asset amortization as of the date indicated (in millions): September 30, 2024 Remaining 2024 $ 11 2025 39 2026 29 2027 24 2028 7 Thereafter 19 Total $ 129

Segments

Segments	9 Months Ended
	Sep. 30, 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 Nine Months Ended 2024 2023 2024 2023 U.S. $ 1,302 $ 1,259 $ 3,897 $ 3,785 United Kingdom 397 406 1,179 1,200 China 293 264 859 764 Germany 238 235 727 731 Rest of world 346 336 1,042 1,070 Total net revenues $ 2,576 $ 2,500 $ 7,704 $ 7,550 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	9 Months Ended
	Sep. 30, 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): September 30, 2024 Gross Gross Gross Estimated Short-term investments: Corporate debt securities $ 2,585 $ 3 $ (3) $ 2,585 Government and agency securities 724 — (7) 717 $ 3,309 $ 3 $ (10) $ 3,302 Long-term investments: Corporate debt securities $ 655 $ 10 $ (1) $ 664 Government and agency securities 294 1 (3) 292 $ 949 $ 11 $ (4) $ 956 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 September 30, 2024. Investment securities in a continuous loss position for less than 12 months had an estimated fair value of $1.3 billion and unrealized losses of $1 million as of September 30, 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 $728 million and unrealized losses of $13 million as of September 30, 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): September 30, One year or less $ 3,302 One year through two years 369 Two years through three years 582 Three years through four years — Four years through five years — Thereafter 5 Total $ 4,258 Equity Investments The following table summarizes our equity investments as of the dates indicated (in millions): Balance Sheet Location September 30, December 31, Equity investment in Adevinta Equity investment in Adevinta $ — $ 4,474 Equity investment in Aurelia Equity investment in Aurelia 1,910 — Other equity investments under the fair value option Long-term investments 378 382 Other equity investments without readily determinable fair values Long-term investments 144 93 Equity investments under the equity method of accounting Long-term investments 56 55 Total equity investments $ 2,488 $ 5,004 Equity investments under the fair value option 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 in Adevinta, 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 was reported within the “Current assets” section in our condensed consolidated balance sheet and was classified within Level 1 in the fair value hierarchy. Refer to “Note 7 — Fair Value Measurement of Assets and Liabilities” for more information. The fair value of the investment was $4,474 million as of December 31, 2023. On May 29, 2024, we completed the previously announced sale of (1) 227 million Adevinta shares to Aurelia BidCo 1 Norway AS in exchange for approximately $2.4 billion in cash and (2) 177 million Adevinta shares to Aurelia Netherlands TopCo B.V. (“Aurelia”) in exchange for the issuance of 177 million shares of the new entity, Aurelia (collectively, the “Transactions”) valued at $1.9 billion and representing approximately 18.3% ownership of the outstanding equity of Aurelia as of the date of the Transactions. The equity investment in Aurelia is accounted for under the measurement alternative as we are not able to exercise significant influence based on the governance structure defined in the terms of the Transaction Completion Agreement and the Aurelia Shareholder Agreement. Refer to "Equity investments without readily determinable fair values” below for additional information. For the nine months ended September 30, 2024, an unrealized loss of $234 million and a realized gain on sale of $78 million were recorded in “Gain (loss) on equity investments and warrant, net” on our condensed consolidated statement of income related to the sale of the investment in Adevinta. In connection with the Transactions, during the nine months ended September 30, 2024 we reduced “Deferred tax liabilities” by $456 million and increased “Income taxes payable” by $458 million on our condensed consolidated balance sheet related to the taxable gain on disposition of Adevinta shares. For the three and nine months ended September 30, 2023, unrealized gains of $1,367 million and $1,331 million, respectively, were recorded in “Gain (loss) on equity investments and warrant, net” on our condensed consolidated statement of income related to the change in fair value of the investment in Adevinta. 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 “Long-term investments” 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. For the three and nine months ended September 30, 2024, unrealized gains of $16 million and unrealized losses of $12 million, respectively, related to the change in fair value of the investment were recorded in “Gain (loss) on equity investments and warrant, net” on our condensed consolidated statement of income compared to $43 million and $83 million of unrealized losses recorded during the same periods in 2023. The fair value of the investment was $323 million and $335 million as of September 30, 2024 and December 31, 2023, respectively. Other investments Certain other individually immaterial equity investments aggregating to $55 million as of September 30, 2024 and $47 million as of 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. 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. Equity investment in Aurelia As discussed in the “Equity Investment in Adevinta” section above, our equity investment in Aurelia is accounted for under the measurement alternative as we are not able to exercise significant influence over Aurelia. For the three and nine months ended September 30, 2024, no upward or downward adjustments to the carrying value of our equity investment in Aurelia were recorded. The carrying value of the investment was $1.9 billion as of September 30, 2024. In connection with the Transactions discussed above, we also granted Aurelia UK Feederco Limited a six month option to purchase Aurelia shares (the "Aurelia Option"), which, if exercised, would reduce our ownership in Aurelia to approximately 8.3% of the outstanding equity of Aurelia. The Aurelia Option is reported within the “Current liabilities” 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. The Aurelia Option was valued at $74 million as of September 30, 2024. Refer to “Note 7 — Fair Value Measurement of Assets and Liabilities” for more information. Other equity investments without readily determinable fair values For the three and nine months ended September 30, 2024, we recorded additions of $10 million and $51 million compared to immaterial additions during the same periods in 2023. The change in value of our other equity method investments without readily determinable fair values for each of the three and nine-month periods ended September 30, 2024 and 2023 was immaterial both individually and in the aggregate. 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 and nine-month periods ended September 30, 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 September 30, 2024 and presented within “Gain (loss) on equity investments and warrant, net” for the periods indicated (in millions): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Net gains (losses) recognized during the period on equity investments $ 19 $ 1,321 $ (166) $ 1,236 Less: Net gains recognized during the period on equity investments sold during the period — — 78 — Total unrealized gains (losses) on equity investments held, end of period $ 19 $ 1,321 $ (244) $ 1,236

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 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 September 30, 2024, we have estimated that approximately $38 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 N.V. (“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. On October 15, 2024, we met the processing volume milestone target to vest the second tranche of the Adyen warrant. Upon vesting of the second tranche, we exercised the option to purchase approximately 404 thousand shares of Adyen valued at $630 million on the settlement date of October 30, 2024 in exchange for $108 million in cash. 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 September 30, December 31, Derivative Assets: Foreign exchange contracts designated as cash flow hedges Other current assets $ 7 $ 10 Foreign exchange contracts not designated as hedging instruments Other current assets 9 13 Warrant Other current assets 484 364 Foreign exchange contracts designated as cash flow hedges Other assets 6 9 Total derivative assets $ 506 $ 396 Derivative Liabilities: Foreign exchange contracts designated as cash flow hedges Other current liabilities $ 7 $ 14 Foreign exchange contracts not designated as hedging instruments Other current liabilities 13 19 Total derivative liabilities $ 20 $ 33 Total fair value of derivative instruments $ 486 $ 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 September 30, 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 $14 million, resulting in net derivative assets of $8 million and net derivative liabilities of $6 million. As of September 30, 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 September 30, 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 Loss Recognized in Other Comprehensive Income Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings September 30, 2024 Foreign exchange contracts designated as cash flow hedges $ (64) $ (26) $ (32) $ (58) Interest rate contracts designated as cash flow hedges 51 — 6 45 Total $ (13) $ (26) $ (26) $ (13) December 31, 2022 Amount of Gain Recognized in Other Comprehensive Income Less: Amount of Gain Reclassified From AOCI to Earnings September 30, 2023 Foreign exchange contracts designated as cash flow hedges $ 52 $ 2 $ 43 $ 11 Interest rate contracts designated as cash flow hedges 62 — 9 53 Total $ 114 $ 2 $ 52 $ 64 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 Nine Months Ended 2024 2023 2024 2023 Foreign exchange contracts designated as cash flow hedges recognized in net revenues $ (11) $ 2 $ (31) $ 45 Foreign exchange contracts designated as cash flow hedges recognized in cost of net revenues (1) (1) (1) (2) Foreign exchange contracts not designated as hedging instruments recognized in interest income and other, net (16) (2) 4 4 Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income $ (28) $ (1) $ (28) $ 47 The following table summarizes the total gain 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 Nine Months Ended 2024 2023 2024 2023 Gain from interest rate contracts designated as cash flow hedges recognized in interest expense $ 2 $ 2 $ 6 $ 9 Gain from interest rate contracts designated as fair value hedges recognized in interest expense — — 2 — Total gain recognized from interest rate derivative contracts in the condensed consolidated statement of income $ 2 $ 2 $ 8 $ 9 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 Nine Months Ended 2024 2023 2024 2023 Gain (loss) attributable to changes in the fair value of warrant recognized in gain (loss) on equity investments and warrant, net $ 145 $ (109) $ 120 $ (40) Notional Amounts of Derivative Contracts Derivative transactions are measured in terms of the notional amount, but this amount is not recorded in our condensed consolidated 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): September 30, December 31, Foreign exchange contracts designated as cash flow hedges $ 1,395 $ 1,699 Foreign exchange contracts not designated as hedging instruments 1,509 2,225 Total $ 2,904 $ 3,924 Credit Risk

Fair Value Measurement of Asset

Fair Value Measurement of Assets and Liabilities	9 Months Ended
	Sep. 30, 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): September 30, 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 $ 1,589 $ 1,589 $ — $ — Customer accounts 679 679 — — Restricted cash included in other current assets 102 102 — — Restricted cash included in other assets 2 2 — — Total cash, cash equivalents and restricted cash 2,372 2,372 — — Derivatives 506 — 22 484 Short-term investments: Corporate debt securities 2,585 — 2,585 — Government and agency securities 717 — 717 — Total short-term investments 3,302 — 3,302 — Long-term investments: Corporate debt securities 664 — 664 — Government and agency securities 292 — 292 — Equity investment under the fair value option 323 — — 323 Total long-term investments 1,279 — 956 323 Total financial assets $ 7,459 $ 2,372 $ 4,280 $ 807 Liabilities: Aurelia option $ 74 $ — $ — $ 74 Derivatives $ 20 $ — $ 20 $ — 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 nine months ended September 30, 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): September 30, December 31, Opening balance at beginning of period $ 364 $ 214 Change in fair value 120 150 Closing balance at end of period $ 484 $ 364 The following table presents quantitative information about Level 3 significant unobservable inputs used in the fair value measurement of the warrant as of September 30, 2024 (in millions, except percentages): Fair value Valuation technique Unobservable Input (1) Range (weighted average) Warrant $ 484 Black-Scholes and Monte Carlo Probability of vesting 0.0% - 95.0% (80.4%) Equity volatility (40%) (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 was accounted for under the fair value option and classified within Level 1 in the fair value hierarchy as the fair value was 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): September 30, December 31, Opening balance at beginning of period $ 335 $ 431 Change in fair value (12) (96) Closing balance at end of period $ 323 $ 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 September 30, 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 $ 323 Market multiples Revenue multiple — GPC method 0.7x — 2.0x Revenue multiple — GMAC method 0.9x — 1.8x (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 $55 million as of September 30, 2024 and $47 million as of 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. Fair value measurement of Aurelia Option In connection with the Transactions discussed in “Note 5 — Investments”, we granted Aurelia UK Feederco Limited the Aurelia Option, which, if exercised, would reduce our ownership in Aurelia to approximately 8.3% of the outstanding equity of Aurelia. The Aurelia Option is valued using a Black-Scholes model where key inputs and assumptions used in the valuation include risk-free interest rates, the common stock price as of September 30, 2024, equity volatility, exercise price, and details specific to the Aurelia Option. The Aurelia Option is reported within the “Current liabilities” 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. The Aurelia Option was valued at $74 million as of September 30, 2024.

Debt

Debt	9 Months Ended
	Sep. 30, 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 September 30, 2024 Effective Interest Rate December 31, 2023 Effective Interest Rate Long-Term Debt Senior Notes: Senior notes due 2024 3.450 % $ — — % $ 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 7,000 7,750 Hedge accounting fair value adjustments (1) — 2 Unamortized discount and debt issuance costs (25) (29) Less: Current portion of long-term debt (800) (750) Total long-term debt 6,175 6,973 Short-Term Debt Current portion of long-term debt 800 750 Commercial paper 450 — Unamortized discount and debt issuance costs (7) — Total short-term debt 1,243 750 Total Debt $ 7,418 $ 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 On August 1, 2024, we repaid the $750 million aggregate principal amount of our previously outstanding 3.450% senior notes on the date of maturity. In January 2023, we repaid the $1.2 billion aggregate principal amount of our previously outstanding floating rate and 2.750% senior notes on the date of maturity . 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 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 $60 million and $189 million during the three and nine months ended September 30, 2024 compared to $65 million and $196 million during the same periods in 2023. As of September 30, 2024 and December 31, 2023, the estimated fair value of these senior notes, using Level 2 inputs, was approximately $6.5 billion and $7.1 billion, respectively. Commercial Paper We have a commercial paper program pursuant to which we may issue commercial paper notes in an aggregate principal amount at maturity of up to $1.5 billion outstanding at any time with maturities of up to 397 days from the date of issue. During the three and nine months ended September 30, 2024, we issued and repaid $180 million of commercial paper notes with original maturities less than 90 days and issued $450 million of commercial paper notes with original maturities greater than 90 days. As of September 30, 2024, we had $450 million of commercial paper notes outstanding with a weighted average interest rate of 5.09% per annum, and a weighted average remaining term of 114 days. As of 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-year revolving credit facility. We may also, subject to the agreement of the applicable lenders, increase the commitments under the revolving credit facility by up to $1.0 billion. Funds borrowed under the Credit Agreement may be used for working capital, capital expenditures, acquisitions and other general corporate purposes and will bear interest at either (i) a customary forward-looking term rate based on the secured overnight financing rate published by CME Group for the relevant interest period plus an adjustment of 0.1% or (ii) a customary base rate formula, plus a margin (based on our public debt ratings) ranging from 0% to 0.375%. As of September 30, 2024, no borrowings were outstanding under our $2.0 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 September 30, 2024, we had $450 million of commercial paper notes outstanding; therefore, $1.6 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 nine months ended September 30, 2024.

Supplemental Consolidated Finan

Supplemental Consolidated Financial Information	9 Months Ended
	Sep. 30, 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 $34 million and $49 million as of September 30, 2024 and December 31, 2023, respectively. As of September 30, 2024, we reported an allowance for doubtful accounts of $10 million, reflecting a decrease of $13 million, net of write-offs of $26 million for the nine months ended September 30, 2024. As of September 30, 2024, we reported an allowance for authorized credits of $24 million, reflecting a decrease of $2 million, net of write-offs of $3 million for the nine months ended September 30, 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 nine months ended September 30, 2024 that was included in the deferred revenue balance at the beginning of the period was $31 million. The amount of revenue recognized for the nine months ended September 30, 2023 that was included in the deferred revenue balance at the beginning of the period was $32 million. Customer accounts and funds receivable September 30, December 31, (In millions) Customer accounts $ 679 $ 481 Funds receivable 305 532 Customer accounts and funds receivable $ 984 $ 1,013 Other current assets September 30, December 31, (In millions) Warrant $ 484 $ 364 Income and other tax receivable 142 99 Prepaid expenses 119 116 Accounts receivable, net 118 94 Restricted cash 102 23 Short-term derivative assets 16 23 Other 205 292 Other current assets $ 1,186 $ 1,011 Accrued expenses and other current liabilities September 30, December 31, (In millions) Accrued sales and use tax and VAT $ 494 $ 424 Compensation and related benefits 470 581 Accrued marketing expenses 230 181 Other current tax liabilities 170 15 Transaction loss reserve 126 125 Operating lease liabilities 115 118 Accrued general and administrative expenses 78 79 Aurelia option 74 — Accrued interest expense 69 56 Deferred revenue 35 34 Accrued restructuring 12 102 Other 402 481 Accrued expenses and other current liabilities $ 2,275 $ 2,196 Gain (loss) on equity investments and warrant, net Three Months Ended Nine Months Ended 2024 2023 2024 2023 (In millions) Unrealized change in fair value of equity investment in Adevinta $ — $ 1,367 $ (234) $ 1,331 Realized change in fair value of shares sold in Adevinta — — 78 — Change in fair value of Aurelia option 35 — (74) — Change in fair value of warrant 145 (109) 120 (40) Unrealized change in fair value of equity investment in Gmarket 16 (43) (12) (83) Gain (loss) on other investments 3 (3) 2 (12) Total gain (loss) on equity investments and warrant, net $ 199 $ 1,212 $ (120) $ 1,196 Interest income and other, net Three Months Ended Nine Months Ended 2024 2023 2024 2023 (In millions) Interest income $ 72 $ 58 $ 196 $ 148 Foreign exchange and other (6) 1 4 (1) Total interest income and other, net $ 66 $ 59 $ 200 $ 147

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Off-Balance Sheet Arrangements As of September 30, 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. Legal fees are expensed as incurred. On September 27, 2023, the U.S. Department of Justice, on behalf of the Environmental Protection Agency (collectively, the “Government”), filed a civil complaint in the U.S. District Court for the Eastern District of New York (the “District Court”) alleging that we are liable for the sale of regulated or illicit products manufactured and sold by third parties who listed such products on the Marketplace platforms in a manner that evaded and/or was designed to evade detection by us and in violation of the Clean Air Act, Federal Insecticide, Fungicide, and Rodenticide Act and the Toxic Substances Control Act. On September 30, 2024, the District Court issued an order dismissing the Government’s claims in their entirety. We are unable to predict whether the Government will appeal the District Court’s decision. If the Government were to successfully appeal the decision and we were subsequently found to be liable for such activities on the Marketplace, we likely would be subject to monetary damages, changes in our business practices, or other remedies that could have a material adverse impact on our business. During the three and nine months ended September 30, 2024, we released amounts previously accrued for estimated losses in connection with the Government’s claims, for which we previously believed a loss was probable. Amounts accrued for legal and regulatory proceedings for which we believe a loss is probable were not material for the quarter ended September 30, 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 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. 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	9 Months Ended
	Sep. 30, 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 42 $ 53.51 $ 2,249 (2,249) Balance as of September 30, 2024 $ 1,198 (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 $131 million and $132 million in cash dividends during the three months ended September 30, 2024 and 2023, respectively, and $405 million and $399 million in cash dividends during the nine months ended September 30, 2024 and 2023, respectively. In October 2024, our Board declared a cash dividend of $0.27 per share of common stock to be paid on December 13, 2024 to stockholders of record as of November 29, 2024.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 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 11 Vested (8) Forfeited (3) Outstanding as of September 30, 2024 24 The weighted average grant date fair value for RSUs awarded during the nine months ended September 30, 2024 was $52.06 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 Nine Months Ended 2024 2023 2024 2023 Cost of net revenues $ 13 $ 13 $ 40 $ 40 Sales and marketing 22 23 70 68 Product development 70 69 211 202 General and administrative 41 39 125 116 Total stock-based compensation expense $ 146 $ 144 $ 446 $ 426 Capitalized in product development $ 5 $ 4 $ 15 $ 12

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 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. The timing of the resolution and/or closure of audits is highly uncertain. 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 expect the gross amount of unrecognized tax benefits to be reduced within the next 12 months by at least $170 million. 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. As of September 30, 2024, $292 million of our liability for deemed repatriation of foreign earnings was included in “Income taxes payable” on our condensed consolidated balance sheet. As of December 31, 2023, $292 million of our liability for deemed repatriation of foreign earnings was included in “Other liabilities” on our condensed 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	9 Months Ended
	Sep. 30, 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 June 30, 2024 $ 16 $ (31) $ 153 $ 27 $ 165 Other comprehensive income (loss) before reclassifications (39) 31 66 2 60 Less: Amount of gain (loss) reclassified from AOCI (10) — — 3 (7) Net current period other comprehensive income (loss) (29) 31 66 (1) 67 Balance as of September 30, 2024 $ (13) $ — $ 219 $ 26 $ 232 Unrealized Gains on Derivative Instruments Unrealized Gains (Losses) Foreign Currency Estimated Tax Total Balance as of June 30, 2023 $ 24 $ (79) $ 186 $ 36 $ 167 Other comprehensive income (loss) before reclassifications 43 13 (30) (13) 13 Less: Amount of gain (loss) reclassified from AOCI 3 — — (2) 1 Net current period other comprehensive income (loss) 40 13 (30) (11) 12 Balance as of September 30, 2023 $ 64 $ (66) $ 156 $ 25 $ 179 Unrealized (Losses) on Derivative Instruments Unrealized Gains (Losses) Foreign Currency Estimated Tax Total Balance as of December 31, 2023 $ (13) $ (45) $ 206 $ 37 $ 185 Other comprehensive income (loss) before reclassifications (26) 45 13 (4) 28 Less: Amount of gain (loss) reclassified from AOCI (26) — — 7 (19) Net current period other comprehensive income (loss) — 45 13 (11) 47 Balance as of September 30, 2024 $ (13) $ — $ 219 $ 26 $ 232 Unrealized Gains (Losses) on Derivative Instruments Unrealized Gains (Losses) Foreign Currency Estimated Tax Total Balance as of December 31, 2022 $ 114 $ (98) $ 222 $ 21 $ 259 Other comprehensive income (loss) before reclassifications 2 32 (66) (9) (41) Less: Amount of gain (loss) reclassified from AOCI 52 — — (13) 39 Net current period other comprehensive income (loss) (50) 32 (66) 4 (80) Balance as of September 30, 2023 $ 64 $ (66) $ 156 $ 25 $ 179 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 Nine Months Ended 2024 2023 2024 2023 Gains (losses) on cash flow hedges: Foreign exchange contracts Net revenues $ (11) $ 2 $ (31) $ 45 Foreign exchange contracts Cost of net revenues (1) (1) (1) (2) Interest rate contracts Interest income and other, net 2 2 6 9 Income from continuing operations before income taxes (10) 3 (26) 52 Income tax provision 3 (2) 7 (13) Total reclassifications for the period Net income $ (7) $ 1 $ (19) $ 39

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring The following table summarizes restructuring reserve activity for the period indicated (in millions): Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Accrued liability, beginning of period $ 27 $ 102 Payments (14) (83) Adjustments (1) (7) Accrued liability, end of period $ 12 $ 12 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 that resulted in a pre-tax charge of $99 million. The reduction was substantially completed in the second quarter of 2024. The restructuring charges incurred in the first three quarters of 2024 and fiscal year 2023 are included in “General and administrative” expenses in the condensed consolidated statement of income.

The Company and Summary of Si_2

The Company and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 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 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 but not limited to 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 September 30, 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 nine months ended September 30, 2024, was a reduction in depreciation expense of $14 million and an increase to net income of $11 million, or $0.02 per basic share and $0.02 per diluted share. The effect of this change in estimate for the nine months ended September 30, 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 nine months ended September 30, 2024, was a reduction in depreciation expense of $57 million and an increase to net income of $45 million, or $0.09 per basic share and $0.09 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. and 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 was included in the “Current assets” section on the condensed consolidated balance sheet as of December 31, 2023 as discussed in “Note 5 — Investments.” 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 (the “2023 Form 10-K”). 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 investments” 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.
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)	9 Months Ended
	Sep. 30, 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 Nine Months Ended 2024 2023 2024 2023 Numerator: Income from continuing operations $ 636 $ 1,306 $ 1,301 $ 2,047 Loss from discontinued operations, net of income taxes (2) (1) (5) (4) Net income $ 634 $ 1,305 $ 1,296 $ 2,043 Denominator: Weighted average shares of common stock - basic 487 529 502 533 Dilutive effect of equity incentive awards 7 3 5 4 Weighted average shares of common stock - diluted 494 532 507 537 Income per share - basic: Continuing operations $ 1.31 $ 2.47 $ 2.59 $ 3.84 Discontinued operations — — (0.01) (0.01) Net income per share - basic $ 1.31 $ 2.47 $ 2.58 $ 3.83 Income per share - diluted: Continuing operations $ 1.29 $ 2.46 $ 2.57 $ 3.81 Discontinued operations — — (0.01) (0.01) Net income per share - diluted $ 1.29 $ 2.46 $ 2.56 $ 3.80 Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive 4 10 13 10

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Goodwill $ 4,267 $ 54 $ — $ 4,321
Schedule of Identifiable Intangible Assets	The following table presents components of identifiable intangible assets as of the dates indicated (in millions, except years): September 30, 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 $ 253 $ (203) $ 50 8 $ 245 $ (203) $ 42 8 Marketing related 101 (61) 40 7 79 (58) 21 6 Developed technologies 239 (201) 38 4 240 (191) 49 4 All other 159 (158) 1 3 159 (157) 2 3 Total $ 752 $ (623) $ 129 $ 723 $ (609) $ 114
Schedule of Finite-Lived Intangible Assets Amortization Expense	The following table presents expected future intangible asset amortization as of the date indicated (in millions): September 30, 2024 Remaining 2024 $ 11 2025 39 2026 29 2027 24 2028 7 Thereafter 19 Total $ 129

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 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 Nine Months Ended 2024 2023 2024 2023 U.S. $ 1,302 $ 1,259 $ 3,897 $ 3,785 United Kingdom 397 406 1,179 1,200 China 293 264 859 764 Germany 238 235 727 731 Rest of world 346 336 1,042 1,070 Total net revenues $ 2,576 $ 2,500 $ 7,704 $ 7,550

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Investments [Abstract]
Schedule of 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): September 30, 2024 Gross Gross Gross Estimated Short-term investments: Corporate debt securities $ 2,585 $ 3 $ (3) $ 2,585 Government and agency securities 724 — (7) 717 $ 3,309 $ 3 $ (10) $ 3,302 Long-term investments: Corporate debt securities $ 655 $ 10 $ (1) $ 664 Government and agency securities 294 1 (3) 292 $ 949 $ 11 $ (4) $ 956 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
Schedule of 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): September 30, One year or less $ 3,302 One year through two years 369 Two years through three years 582 Three years through four years — Four years through five years — Thereafter 5 Total $ 4,258
Schedule of Equity Method Investments	The following table summarizes our equity investments as of the dates indicated (in millions): Balance Sheet Location September 30, December 31, Equity investment in Adevinta Equity investment in Adevinta $ — $ 4,474 Equity investment in Aurelia Equity investment in Aurelia 1,910 — Other equity investments under the fair value option Long-term investments 378 382 Other equity investments without readily determinable fair values Long-term investments 144 93 Equity investments under the equity method of accounting Long-term investments 56 55 Total equity investments $ 2,488 $ 5,004
Schedule of Unrealized Gains and Losses	The following table summarizes unrealized gains and losses on equity investments held as of September 30, 2024 and presented within “Gain (loss) on equity investments and warrant, net” for the periods indicated (in millions): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Net gains (losses) recognized during the period on equity investments $ 19 $ 1,321 $ (166) $ 1,236 Less: Net gains recognized during the period on equity investments sold during the period — — 78 — Total unrealized gains (losses) on equity investments held, end of period $ 19 $ 1,321 $ (244) $ 1,236

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 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 September 30, December 31, Derivative Assets: Foreign exchange contracts designated as cash flow hedges Other current assets $ 7 $ 10 Foreign exchange contracts not designated as hedging instruments Other current assets 9 13 Warrant Other current assets 484 364 Foreign exchange contracts designated as cash flow hedges Other assets 6 9 Total derivative assets $ 506 $ 396 Derivative Liabilities: Foreign exchange contracts designated as cash flow hedges Other current liabilities $ 7 $ 14 Foreign exchange contracts not designated as hedging instruments Other current liabilities 13 19 Total derivative liabilities $ 20 $ 33 Total fair value of derivative instruments $ 486 $ 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 September 30, 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 Loss Recognized in Other Comprehensive Income Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings September 30, 2024 Foreign exchange contracts designated as cash flow hedges $ (64) $ (26) $ (32) $ (58) Interest rate contracts designated as cash flow hedges 51 — 6 45 Total $ (13) $ (26) $ (26) $ (13) December 31, 2022 Amount of Gain Recognized in Other Comprehensive Income Less: Amount of Gain Reclassified From AOCI to Earnings September 30, 2023 Foreign exchange contracts designated as cash flow hedges $ 52 $ 2 $ 43 $ 11 Interest rate contracts designated as cash flow hedges 62 — 9 53 Total $ 114 $ 2 $ 52 $ 64
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 Nine Months Ended 2024 2023 2024 2023 Foreign exchange contracts designated as cash flow hedges recognized in net revenues $ (11) $ 2 $ (31) $ 45 Foreign exchange contracts designated as cash flow hedges recognized in cost of net revenues (1) (1) (1) (2) Foreign exchange contracts not designated as hedging instruments recognized in interest income and other, net (16) (2) 4 4 Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income $ (28) $ (1) $ (28) $ 47 The following table summarizes the total gain 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 Nine Months Ended 2024 2023 2024 2023 Gain from interest rate contracts designated as cash flow hedges recognized in interest expense $ 2 $ 2 $ 6 $ 9 Gain from interest rate contracts designated as fair value hedges recognized in interest expense — — 2 — Total gain recognized from interest rate derivative contracts in the condensed consolidated statement of income $ 2 $ 2 $ 8 $ 9 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 Nine Months Ended 2024 2023 2024 2023 Gain (loss) attributable to changes in the fair value of warrant recognized in gain (loss) on equity investments and warrant, net $ 145 $ (109) $ 120 $ (40)
Notional Amounts of Outstanding Derivatives	The following table presents the notional amounts of our outstanding derivatives as of the dates indicated (in millions): September 30, December 31, Foreign exchange contracts designated as cash flow hedges $ 1,395 $ 1,699 Foreign exchange contracts not designated as hedging instruments 1,509 2,225 Total $ 2,904 $ 3,924

Fair Value Measurement of Ass_2

Fair Value Measurement of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 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): September 30, 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 $ 1,589 $ 1,589 $ — $ — Customer accounts 679 679 — — Restricted cash included in other current assets 102 102 — — Restricted cash included in other assets 2 2 — — Total cash, cash equivalents and restricted cash 2,372 2,372 — — Derivatives 506 — 22 484 Short-term investments: Corporate debt securities 2,585 — 2,585 — Government and agency securities 717 — 717 — Total short-term investments 3,302 — 3,302 — Long-term investments: Corporate debt securities 664 — 664 — Government and agency securities 292 — 292 — Equity investment under the fair value option 323 — — 323 Total long-term investments 1,279 — 956 323 Total financial assets $ 7,459 $ 2,372 $ 4,280 $ 807 Liabilities: Aurelia option $ 74 $ — $ — $ 74 Derivatives $ 20 $ — $ 20 $ — 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): September 30, December 31, Opening balance at beginning of period $ 364 $ 214 Change in fair value 120 150 Closing balance at end of period $ 484 $ 364 The following table presents quantitative information about Level 3 significant unobservable inputs used in the fair value measurement of the warrant as of September 30, 2024 (in millions, except percentages): Fair value Valuation technique Unobservable Input (1) Range (weighted average) Warrant $ 484 Black-Scholes and Monte Carlo Probability of vesting 0.0% - 95.0% (80.4%) Equity volatility (40%) (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): September 30, December 31, Opening balance at beginning of period $ 335 $ 431 Change in fair value (12) (96) Closing balance at end of period $ 323 $ 335 Fair value Valuation technique Unobservable Input (1) Range Equity investment in Gmarket $ 323 Market multiples Revenue multiple — GPC method 0.7x — 2.0x Revenue multiple — GMAC method 0.9x — 1.8x (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)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of 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 September 30, 2024 Effective Interest Rate December 31, 2023 Effective Interest Rate Long-Term Debt Senior Notes: Senior notes due 2024 3.450 % $ — — % $ 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 7,000 7,750 Hedge accounting fair value adjustments (1) — 2 Unamortized discount and debt issuance costs (25) (29) Less: Current portion of long-term debt (800) (750) Total long-term debt 6,175 6,973 Short-Term Debt Current portion of long-term debt 800 750 Commercial paper 450 — Unamortized discount and debt issuance costs (7) — Total short-term debt 1,243 750 Total Debt $ 7,418 $ 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)	9 Months Ended
	Sep. 30, 2024
Balance Sheet Components [Abstract]
Schedule of Customer Accounts and Funds Receivable	Customer accounts and funds receivable September 30, December 31, (In millions) Customer accounts $ 679 $ 481 Funds receivable 305 532 Customer accounts and funds receivable $ 984 $ 1,013
Schedule of Other Current Assets	Other current assets September 30, December 31, (In millions) Warrant $ 484 $ 364 Income and other tax receivable 142 99 Prepaid expenses 119 116 Accounts receivable, net 118 94 Restricted cash 102 23 Short-term derivative assets 16 23 Other 205 292 Other current assets $ 1,186 $ 1,011
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities September 30, December 31, (In millions) Accrued sales and use tax and VAT $ 494 $ 424 Compensation and related benefits 470 581 Accrued marketing expenses 230 181 Other current tax liabilities 170 15 Transaction loss reserve 126 125 Operating lease liabilities 115 118 Accrued general and administrative expenses 78 79 Aurelia option 74 — Accrued interest expense 69 56 Deferred revenue 35 34 Accrued restructuring 12 102 Other 402 481 Accrued expenses and other current liabilities $ 2,275 $ 2,196
Schedule of Gain (loss) on Equity Method Investments and Warrants	Gain (loss) on equity investments and warrant, net Three Months Ended Nine Months Ended 2024 2023 2024 2023 (In millions) Unrealized change in fair value of equity investment in Adevinta $ — $ 1,367 $ (234) $ 1,331 Realized change in fair value of shares sold in Adevinta — — 78 — Change in fair value of Aurelia option 35 — (74) — Change in fair value of warrant 145 (109) 120 (40) Unrealized change in fair value of equity investment in Gmarket 16 (43) (12) (83) Gain (loss) on other investments 3 (3) 2 (12) Total gain (loss) on equity investments and warrant, net $ 199 $ 1,212 $ (120) $ 1,196
Schedule of Interest and Other, Net	Interest income and other, net Three Months Ended Nine Months Ended 2024 2023 2024 2023 (In millions) Interest income $ 72 $ 58 $ 196 $ 148 Foreign exchange and other (6) 1 4 (1) Total interest income and other, net $ 66 $ 59 $ 200 $ 147

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	9 Months Ended
	Sep. 30, 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 42 $ 53.51 $ 2,249 (2,249) Balance as of September 30, 2024 $ 1,198 (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)	9 Months Ended
	Sep. 30, 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 11 Vested (8) Forfeited (3) Outstanding as of September 30, 2024 24
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 Nine Months Ended 2024 2023 2024 2023 Cost of net revenues $ 13 $ 13 $ 40 $ 40 Sales and marketing 22 23 70 68 Product development 70 69 211 202 General and administrative 41 39 125 116 Total stock-based compensation expense $ 146 $ 144 $ 446 $ 426 Capitalized in product development $ 5 $ 4 $ 15 $ 12

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 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 June 30, 2024 $ 16 $ (31) $ 153 $ 27 $ 165 Other comprehensive income (loss) before reclassifications (39) 31 66 2 60 Less: Amount of gain (loss) reclassified from AOCI (10) — — 3 (7) Net current period other comprehensive income (loss) (29) 31 66 (1) 67 Balance as of September 30, 2024 $ (13) $ — $ 219 $ 26 $ 232 Unrealized Gains on Derivative Instruments Unrealized Gains (Losses) Foreign Currency Estimated Tax Total Balance as of June 30, 2023 $ 24 $ (79) $ 186 $ 36 $ 167 Other comprehensive income (loss) before reclassifications 43 13 (30) (13) 13 Less: Amount of gain (loss) reclassified from AOCI 3 — — (2) 1 Net current period other comprehensive income (loss) 40 13 (30) (11) 12 Balance as of September 30, 2023 $ 64 $ (66) $ 156 $ 25 $ 179 Unrealized (Losses) on Derivative Instruments Unrealized Gains (Losses) Foreign Currency Estimated Tax Total Balance as of December 31, 2023 $ (13) $ (45) $ 206 $ 37 $ 185 Other comprehensive income (loss) before reclassifications (26) 45 13 (4) 28 Less: Amount of gain (loss) reclassified from AOCI (26) — — 7 (19) Net current period other comprehensive income (loss) — 45 13 (11) 47 Balance as of September 30, 2024 $ (13) $ — $ 219 $ 26 $ 232 Unrealized Gains (Losses) on Derivative Instruments Unrealized Gains (Losses) Foreign Currency Estimated Tax Total Balance as of December 31, 2022 $ 114 $ (98) $ 222 $ 21 $ 259 Other comprehensive income (loss) before reclassifications 2 32 (66) (9) (41) Less: Amount of gain (loss) reclassified from AOCI 52 — — (13) 39 Net current period other comprehensive income (loss) (50) 32 (66) 4 (80) Balance as of September 30, 2023 $ 64 $ (66) $ 156 $ 25 $ 179
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 Nine Months Ended 2024 2023 2024 2023 Gains (losses) on cash flow hedges: Foreign exchange contracts Net revenues $ (11) $ 2 $ (31) $ 45 Foreign exchange contracts Cost of net revenues (1) (1) (1) (2) Interest rate contracts Interest income and other, net 2 2 6 9 Income from continuing operations before income taxes (10) 3 (26) 52 Income tax provision 3 (2) 7 (13) Total reclassifications for the period Net income $ (7) $ 1 $ (19) $ 39

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2024 Nine Months Ended September 30, 2024 Accrued liability, beginning of period $ 27 $ 102 Payments (14) (83) Adjustments (1) (7) Accrued liability, end of period $ 12 $ 12

The Company and Summary of Si_3

The Company and Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) market $ / shares	Sep. 30, 2023 USD ($) $ / shares	Sep. 30, 2024 USD ($) market $ / shares	Sep. 30, 2023 USD ($) $ / shares	Jan. 01, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of operating markets | market	190		190
Net income | $	$ 634,000,000	$ 1,305,000,000	$ 1,296,000,000	$ 2,043,000,000
Gain per share from revision of useful life, basic (in usd per share) | $ / shares	$ 1.31	$ 2.47	$ 2.58	$ 3.83
Gain per share from revision of useful life, diluted (in usd per share) | $ / shares	$ 1.29	$ 2.46	$ 2.56	$ 3.80
Credit-related loss | $	$ 0	$ 0	$ 0	$ 0
Service Life
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation expense decrease | $	14,000,000		57,000,000
Net income | $	$ 11,000,000		$ 45,000,000
Gain per share from revision of useful life, basic (in usd per share) | $ / shares	$ 0.02		$ 0.09
Gain per share from revision of useful life, diluted (in usd per share) | $ / shares	$ 0.02		$ 0.09
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

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Income from continuing operations	$ 636	$ 1,306	$ 1,301	$ 2,047
Loss from discontinued operations, net of income taxes	(2)	(1)	(5)	(4)
Net income	$ 634	$ 1,305	$ 1,296	$ 2,043
Denominator:
Weighted average shares of common stock - basic (in shares)	487	529	502	533
Dilutive effect of equity incentive awards (in shares)	7	3	5	4
Weighted average shares of common stock - diluted (in shares)	494	532	507	537
Income per share - basic:
Continuing operations (in usd per share)	$ 1.31	$ 2.47	$ 2.59	$ 3.84
Discontinued operations (in usd per share)	0	0	(0.01)	(0.01)
Net income per share - basic (in usd per share)	1.31	2.47	2.58	3.83
Income per share - diluted:
Continuing operations (in usd per share)	1.29	2.46	2.57	3.81
Discontinued operations (in usd per share)	0	0	(0.01)	(0.01)
Net income per share - diluted (in usd per share)	$ 1.29	$ 2.46	$ 2.56	$ 3.80
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive (in shares)	4	10	13	10

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill Activity (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 4,267
Goodwill Acquired	54
Adjustments	0
Ending balance	$ 4,321

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 10	$ 8	$ 27	$ 26

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 752	$ 723
Accumulated Amortization	(623)	(609)
Net Carrying Amount	129	114
Customer lists and user base
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	253	245
Accumulated Amortization	(203)	(203)
Net Carrying Amount	$ 50	$ 42
Weighted Average Useful Life (Years)	8 years	8 years
Marketing related
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 101	$ 79
Accumulated Amortization	(61)	(58)
Net Carrying Amount	$ 40	$ 21
Weighted Average Useful Life (Years)	7 years	6 years
Developed technologies
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 239	$ 240
Accumulated Amortization	(201)	(191)
Net Carrying Amount	$ 38	$ 49
Weighted Average Useful Life (Years)	4 years	4 years
All other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 159	$ 159
Accumulated Amortization	(158)	(157)
Net Carrying Amount	$ 1	$ 2
Weighted Average Useful Life (Years)	3 years	3 years

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Intangible Asset Amortization Expense, Fiscal Year Maturity (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fiscal year:
Remaining 2024	$ 11
2025	39
2026	29
2027	24
2028	7
Thereafter	19
Net Carrying Amount	$ 129	$ 114

Segments (Details)

Segments (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment			1
Number of reportable segments | segment			1
Net Revenues [Abstract]
Total net revenues	$ 2,576	$ 2,500	$ 7,704	$ 7,550
U.S.
Net Revenues [Abstract]
Total net revenues	1,302	1,259	3,897	3,785
United Kingdom
Net Revenues [Abstract]
Total net revenues	397	406	1,179	1,200
China
Net Revenues [Abstract]
Total net revenues	293	264	859	764
Germany
Net Revenues [Abstract]
Total net revenues	238	235	727	731
Rest of world
Net Revenues [Abstract]
Total net revenues	$ 346	$ 336	$ 1,042	$ 1,070

Investments - Available-For-Sal

Investments - Available-For-Sale Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Investments
Estimated Fair Value	$ 4,258
Short-term investments:
Investments
Gross Amortized Cost	3,309	$ 2,552
Gross Unrealized Gains	3	0
Gross Unrealized Losses	(10)	(19)
Estimated Fair Value	3,302	2,533
Short-term investments: | Corporate debt securities
Investments
Gross Amortized Cost	2,585	2,170
Gross Unrealized Gains	3	0
Gross Unrealized Losses	(3)	(8)
Estimated Fair Value	2,585	2,162
Short-term investments: | Government and agency securities
Investments
Gross Amortized Cost	724	382
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(7)	(11)
Estimated Fair Value	717	371
Long-term investments:
Investments
Gross Amortized Cost	949	625
Gross Unrealized Gains	11	0
Gross Unrealized Losses	(4)	(26)
Estimated Fair Value	956	599
Long-term investments: | Corporate debt securities
Investments
Gross Amortized Cost	655	338
Gross Unrealized Gains	10	0
Gross Unrealized Losses	(1)	(10)
Estimated Fair Value	664	328
Long-term investments: | Government and agency securities
Investments
Gross Amortized Cost	294	287
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(3)	(16)
Estimated Fair Value	$ 292	$ 271

Investments - General, Narrativ

Investments - General, Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Investments [Abstract]
Investment securities in a continuous unrealized loss position for less then 12 months	$ 1,300	$ 1,500
Investment securities unrealized loss	1	2
Estimated fair value for securities in continuous unrealized loss position for greater than 12 months	728	1,100
Investment securities in a continuous loss position for greater than 12 months, unrealized losses	$ 13	$ 43

Investments - Estimated Fair Va

Investments - Estimated Fair Values of Short and Long-Term Investments Classified by Date of Contractual Maturity (Details) $ in Millions	Sep. 30, 2024 USD ($)
Investments [Abstract]
One year or less	$ 3,302
One year through two years	369
Two years through three years	582
Three years through four years	0
Four years through five years	0
Thereafter	5
Estimated Fair Value	$ 4,258

Investments - Equity Investment

Investments - Equity Investments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Equity investment	$ 0	$ 4,474
Equity investment in Aurelia	1,910	0
Total equity investments	2,488	5,004
Long-term investments:
Schedule of Investments [Line Items]
Equity investment in Aurelia	378	382
Other equity investments without readily determinable fair values	144	93
Equity investments under the equity method of accounting	56	55
Adevinta
Schedule of Investments [Line Items]
Equity investment	0	4,474
Aurelia
Schedule of Investments [Line Items]
Equity investment in Aurelia	1,910	$ 0
Other equity investments without readily determinable fair values	$ 1,900

Investments - Equity Investme_2

Investments - Equity Investments Under The Fair Value Option (Details) - USD ($) shares in Millions, $ in Millions		3 Months Ended			9 Months Ended		12 Months Ended
	May 29, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2021	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Total consideration from sale of equity securities					$ 2,410	$ 0
Equity investment in Adevinta		$ 0			0			$ 4,474
Unrealized gains (losses) related to the change in fair value of the investment		19	$ 1,321		(244)	1,236
Deferred tax liability		1,777			1,777			2,408
Income taxes payable		790			790			253
Investments | Recurring
Schedule of Investments [Line Items]
Asset, fair value		55			55			47
Discontinued Operations, Disposed of by Sale | eBay Korea
Schedule of Investments [Line Items]
Percentage of outstanding equity interests sold				80.01%			80.01%
Adevinta
Schedule of Investments [Line Items]
Ownership percentage				44%			44%
Equity investment under fair value option				$ 10,800			$ 10,800
Ownership percentage after sale				33%
Equity investment in Adevinta		0			0			4,474
Unrealized gains (losses) related to the change in fair value of the investment		0	1,367		(234)	1,331
Realized gain on sale of equity securities		0	0		78	0
Deferred tax liability		456			456
Income taxes payable		458			458
Adevinta | Aurelia BidCo 1 Norway AS
Schedule of Investments [Line Items]
Number of voting shares sold	227
Total consideration from sale of equity securities	$ 2,400
Ownership percentage after sale	18.30%
Adevinta | Aurelia Netherlands TopCo B.V
Schedule of Investments [Line Items]
Number of voting shares sold	177
Adevinta | Permira
Schedule of Investments [Line Items]
Number of voting shares sold				135			135
Total consideration from sale of equity securities				$ 2,300
Aurelia
Schedule of Investments [Line Items]
Equity securities without readily determinable fair value, amount		1,900			$ 1,900
Aurelia | Aurelia UK Feederco Limited
Schedule of Investments [Line Items]
Ownership percentage after sale					8.30%
Equity securities without readily determinable fair value, amount	$ 1,900
Gmarket
Schedule of Investments [Line Items]
Ownership percentage after sale							19.99%
Unrealized gains (losses) related to the change in fair value of the investment		16	$ (43)		$ (12)	$ (83)
Investment balance				$ 728			$ 728
Asset, fair value		$ 323			$ 323			$ 335	$ 431

Investments - Equity Investme_3

Investments - Equity Investments Without Readily Determinable Fair Values (Details) - USD ($)		3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	May 29, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Aurelia option	$ 74,000,000	$ 74,000,000		$ 74,000,000			$ 0
Additions		10,000,000	$ 0	51,000,000	$ 0
Aurelia
Schedule of Investments [Line Items]
Upward adjustment to carrying value of equity investment		0		0
Downward adjustment to carrying value of equity investment		0		0
Equity securities without readily determinable fair value, amount	$ 1,900,000,000	1,900,000,000		$ 1,900,000,000
Purchase option term	6 months
Aurelia UK Feederco Limited | Aurelia
Schedule of Investments [Line Items]
Equity securities without readily determinable fair value, amount						$ 1,900,000,000
Ownership percentage after sale				8.30%
Aurelia option	$ 74,000,000	$ 74,000,000		$ 74,000,000

Investments - Gain (Loss) on Eq

Investments - Gain (Loss) on Equity Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments [Abstract]
Net gains (losses) recognized during the period on equity investments	$ 19	$ 1,321	$ (166)	$ 1,236
Less: Net gains recognized during the period on equity investments sold during the period	0	0	78	0
Total unrealized gains (losses) on equity investments held, end of period	$ 19	$ 1,321	$ (244)	$ 1,236

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details)		9 Months Ended
	Oct. 15, 2024 USD ($)	Sep. 30, 2024 USD ($) tranche
Derivative [Line Items]
Foreign currency net derivative losses to be reclassified into earnings within the next 12 months		$ 38,000,000
Interest rate net derivative gains to be reclassified into earnings within the next 12 months		8,000,000
Adyen | Subsequent Event
Derivative [Line Items]
Payments to acquire equity investment with readily determinable fair value	$ 108,000,000
Adyen | Subsequent Event
Derivative [Line Items]
Value of shares purchased	$ 630,000,000
Foreign exchange contracts
Derivative [Line Items]
Offset asset		14,000,000
Offset liability		14,000,000
Net derivative assets		8,000,000
Net derivative liabilities		$ 6,000,000
Foreign exchange contracts | Minimum
Derivative [Line Items]
Derivative contract duration, up to		1 month
Foreign exchange contracts | Maximum
Derivative [Line Items]
Derivative contract duration, up to		1 year
Foreign exchange contracts | Cash Flow Hedging | Maximum
Derivative [Line Items]
Derivative contract duration, up to		24 months
Warrant
Derivative [Line Items]
Maximum percentage of acquired shares		5%
Warrants term (years)		7 years
Number of tranches | tranche		4
Number of fixed tranches | tranche		2
Maximum number of tranches that can vest per year | tranche		2
Interest rate contracts
Derivative [Line Items]
Offset asset		$ 0
Offset liability		$ 0

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Contracts (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Assets:	$ 506	$ 396
Derivative Liabilities:	20	33
Total fair value of derivative instruments	486	363
Foreign exchange contracts | Designated as Hedging Instrument | Other current assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative Assets:	7	10
Foreign exchange contracts | Designated as Hedging Instrument | Other assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative Assets:	6	9
Foreign exchange contracts | Designated as Hedging Instrument | Other current liabilities | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative Liabilities:	7	14
Foreign exchange contracts | Not Designated as Hedging Instrument | Other current assets
Derivatives, Fair Value [Line Items]
Derivative Assets:	9	13
Foreign exchange contracts | Not Designated as Hedging Instrument | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities:	13	19
Warrant | Designated as Hedging Instrument | Other assets | Fair Value Hedging
Derivatives, Fair Value [Line Items]
Derivative Assets:	$ 484	$ 364

Derivative Instruments - Deriva

Derivative Instruments - Derivatives in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Foreign exchange contracts
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings	$ (28)	$ (1)	$ (28)	$ 47
Designated as Hedging Instrument | Cash Flow Hedging
Effect of derivative Contracts on Accumulated Other Comprehensive Income
Beginning Balance			(13)	114
Amount of Loss Recognized in Other Comprehensive Income			(26)	2
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings			(26)	52
Ending Balance	(13)	64	(13)	64
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 Loss Recognized in Other Comprehensive Income			(26)	2
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings			(32)	43
Ending Balance	(58)	11	(58)	11
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	2	2	8	9
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 Loss Recognized in Other Comprehensive Income			0	0
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings			6	9
Ending Balance	$ 45	$ 53	$ 45	$ 53

Derivative Instruments - Effect

Derivative Instruments - Effect of Derivative Contracts on Condensed Consolidated Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 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	Interest income and other, net	Interest income and other, net
Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income			$ (26)	$ 52
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income	$ (28)	$ (1)	(28)	47
Foreign exchange contracts | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income			$ (32)	$ 43
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net revenues	Net revenues	Net revenues	Net revenues
Foreign exchange contracts | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income	$ (16)	$ (2)	$ 4	$ 4
Foreign exchange contracts | Net revenues | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income	(11)	2	(31)	45
Foreign exchange contracts | Cost of net revenues | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income	(1)	(1)	(1)	(2)
Interest rate contracts | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income	2	2	8	9
Interest rate contracts | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income			6	9
Interest rate contracts | Interest and other, net | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain from interest rate contracts designated as cash flow and fair value hedges recognized in interest expense	2	2	6	9
Interest rate contracts | Interest and other, net | Designated as Hedging Instrument | Fair Value Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain from interest rate contracts designated as cash flow and fair value hedges recognized in interest expense	0	0	2	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	$ 145	$ (109)	$ 120	$ (40)

Derivative Instruments - Notion

Derivative Instruments - Notional Amounts of Derivatives Outstanding (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative, notional amount	$ 2,904	$ 3,924
Foreign exchange contracts | Designated as Hedging Instrument | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative, notional amount	1,395	1,699
Foreign exchange contracts | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, notional amount	$ 1,509	$ 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	Sep. 30, 2024	Dec. 31, 2023
Assets:
Equity investment in Aurelia	$ 1,910	$ 0
Liabilities:
Aurelia option	74	0
Long-term investments:
Assets:
Equity investment in Aurelia	378	382
Recurring
Assets:
Cash and cash equivalents	2,372	2,493
Derivatives	506	396
Total financial assets	7,459	10,830
Liabilities:
Aurelia option	74
Other liabilities		10
Derivatives	20	33
Recurring | Cash and cash equivalents
Assets:
Cash and cash equivalents	1,589	1,985
Recurring | Customer accounts
Assets:
Cash and cash equivalents	679	481
Recurring | Restricted cash included in other current assets
Assets:
Cash and cash equivalents	102	23
Recurring | Restricted cash included in other assets
Assets:
Cash and cash equivalents	2	4
Recurring | Adevinta
Assets:
Equity investment in Aurelia		4,474
Recurring | Short-term investments:
Assets:
Investments	3,302	2,533
Recurring | Long-term investments:
Assets:
Investments	1,279	934
Recurring | Long-term investments: | Equity investment under the fair value option
Assets:
Investments	323	335
Recurring | Corporate debt securities | Short-term investments:
Assets:
Investments	2,585	2,162
Recurring | Corporate debt securities | Long-term investments:
Assets:
Investments	664	328
Recurring | Government and agency securities | Short-term investments:
Assets:
Investments	717	371
Recurring | Government and agency securities | Long-term investments:
Assets:
Investments	292	271
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents	2,372	2,493
Derivatives	0	0
Total financial assets	2,372	6,967
Liabilities:
Aurelia option	0
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	1,589	1,985
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Customer accounts
Assets:
Cash and cash equivalents	679	481
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Restricted cash included in other current assets
Assets:
Cash and cash equivalents	102	23
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Restricted cash included in other assets
Assets:
Cash and cash equivalents	2	4
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Adevinta
Assets:
Equity investment in Aurelia		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	22	32
Total financial assets	4,280	3,164
Liabilities:
Aurelia option	0
Other liabilities		0
Derivatives	20	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 investment in Aurelia		0
Recurring | Significant Other Observable Inputs (Level 2) | Short-term investments:
Assets:
Investments	3,302	2,533
Recurring | Significant Other Observable Inputs (Level 2) | Long-term investments:
Assets:
Investments	956	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	2,585	2,162
Recurring | Significant Other Observable Inputs (Level 2) | Corporate debt securities | Long-term investments:
Assets:
Investments	664	328
Recurring | Significant Other Observable Inputs (Level 2) | Government and agency securities | Short-term investments:
Assets:
Investments	717	371
Recurring | Significant Other Observable Inputs (Level 2) | Government and agency securities | Long-term investments:
Assets:
Investments	292	271
Recurring | Significant Unobservable Inputs (Level 3)
Assets:
Cash and cash equivalents	0	0
Derivatives	484	364
Total financial assets	807	699
Liabilities:
Aurelia option	74
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 investment in Aurelia		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	323	335
Recurring | Significant Unobservable Inputs (Level 3) | Long-term investments: | Equity investment under the fair value option
Assets:
Investments	323	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 - Narrative (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($) tranche	Dec. 31, 2021	Dec. 31, 2023 USD ($)
Schedule of Equity Method Investments [Line Items]
Number of tranches | tranche	3
Aurelia option	$ 74		$ 0
Gmarket
Schedule of Equity Method Investments [Line Items]
Ownership percentage after sale		19.99%
Aurelia | Aurelia UK Feederco Limited
Schedule of Equity Method Investments [Line Items]
Ownership percentage after sale	8.30%
Aurelia option	$ 74

Fair Value Measurement of Ass_5

Fair Value Measurement of Assets and Liabilities - Warrants Measured Valued Using Unobservable Inputs (Details) - Recurring - Significant Unobservable Inputs (Level 3) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 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	0.804
Weighted Average | Equity volatility
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Warrant, measurement input	0.40
Warrant
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 364	$ 214
Change in fair value	120	150
Ending balance	$ 484	$ 364

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	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Investments | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 47
Ending balance	55	$ 47
Gmarket
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	335	431
Change in fair value	(12)	(96)
Ending balance	$ 323	$ 335

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	Sep. 30, 2024 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket	$ 323
GPC method | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	0.7
GPC method | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	2
GMAC method | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	0.9
GMAC method | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investment in Gmarket, measurement input	1.8

Debt - Carrying Value of Outsta

Debt - Carrying Value of Outstanding Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Long-Term Debt
Hedge accounting fair value adjustments	$ 0	$ 2
Unamortized discount and debt issuance costs	(25)	(29)
Current portion of long-term debt	(800)	(750)
Total long-term debt	6,175	6,973
Short-Term Debt
Current portion of long-term debt	800	750
Commercial paper	450	0
Unamortized discount and debt issuance costs	(7)	0
Total short-term debt	1,243	750
Total Debt	7,418	7,723
Senior Notes
Long-Term Debt
Total senior notes	$ 7,000	7,750
Senior Notes | Senior notes due 2024
Long-Term Debt
Coupon rate (in percent)	3.45%
Total senior notes	$ 0	$ 750
Effective interest rate (in percent)	0%	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	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Aug. 01, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jan. 31, 2023 USD ($)
Senior Notes
Debt Instrument [Line Items]
Change of control event			1.01
Interest expense	$ 60	$ 65	$ 189	$ 196
Fair value of long-term debt	$ 6,500		$ 6,500			$ 7,100
Senior notes due 2024 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	3.45%		3.45%
Senior notes due 2024 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount					$ 750
Interest rate (in percent)					3.45%
Senior notes due 2023 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount							$ 1,200
Interest rate (in percent)							2.75%
Senior notes due 2025 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	1.90%		1.90%
Senior notes due 2025 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	5.90%		5.90%
Senior notes due 2026 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	1.40%		1.40%
Senior notes due 2027 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	3.60%		3.60%
Senior notes due 2027 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	5.95%		5.95%
Senior notes due 2030 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	2.70%		2.70%
Senior notes due 2031 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	2.60%		2.60%
Senior notes due 2032 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	6.30%		6.30%
Senior notes due 2042 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	4%		4%
Senior notes due 2051 | Senior Notes
Debt Instrument [Line Items]
Interest rate (in percent)	3.65%		3.65%

Debt - Commercial Paper and Cre

Debt - Commercial Paper and Credit Agreement (Details) - USD ($)	1 Months Ended		3 Months Ended	9 Months Ended
	Jan. 31, 2024	Mar. 31, 2020	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Borrowings under commercial paper program				$ 441,000,000	$ 0
Allowable increase in borrowing capacity, maximum	$ 1,000,000,000
Maximum consolidated leverage ratio			4	4
Maximum consolidated leverage ratio following a material acquisition			4.5	4.5
Credit Agreement | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Variable rate (in percent)	0.10%
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	$ 1,500,000,000
Debt term				114 years
Amount outstanding			$ 450,000,000	$ 450,000,000		$ 0
Weighted average interest rate			5.09%	5.09%
Commercial Paper, Maturities Less Than 90 Days | Revolving Credit Facility
Debt Instrument [Line Items]
Borrowings under commercial paper program			$ 180,000,000	$ 180,000,000
Commercial Paper, Maturities Greater Than 90 Days | Revolving Credit Facility
Debt Instrument [Line Items]
Borrowings under commercial paper program			450,000,000	450,000,000
Unsecured Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Debt term	5 years	5 years
Amount outstanding			0	0
Maximum borrowing capacity	$ 2,000,000,000	$ 2,000,000,000
Remaining borrowing capacity			$ 1,600,000,000	$ 1,600,000,000
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	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Balance Sheet Components [Abstract]
Allowance for doubtful accounts and authorized credits	$ 34		$ 49
Allowance for doubtful accounts	10		23
Decrease in allowance for doubtful accounts receivable	13
Allowance for doubtful accounts receivable, write-offs	26
Allowance for authorized credits	24		$ 26
Decrease in allowance for authorized credits	2
Write off of allowance for authorized credits	3
Deferred revenue recognized	$ 31	$ 32

Supplemental Consolidated Fin_4

Supplemental Consolidated Financial Information - Customer Accounts and Funds Receivable (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Balance Sheet Components [Abstract]
Customer accounts	$ 679	$ 481	$ 430
Funds receivable	305	532
Customer accounts and funds receivable	$ 984	$ 1,013

Supplemental Consolidated Fin_5

Supplemental Consolidated Financial Information - Other Current Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Balance Sheet Components [Abstract]
Warrant	$ 484	$ 364
Income and other tax receivable	142	99
Prepaid expenses	119	116
Accounts receivable, net	118	94
Restricted cash	102	23	$ 25
Short-term derivative assets	16	23
Other	205	292
Other current assets	$ 1,186	$ 1,011

Supplemental Consolidated Fin_6

Supplemental Consolidated Financial Information - Accrued Expense and Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Balance Sheet Components [Abstract]
Accrued sales and use tax and VAT	$ 494		$ 424
Compensation and related benefits	470		581
Accrued marketing expenses	230		181
Other current tax liabilities	170		15
Transaction loss reserve	126		125
Operating lease liabilities	115		118
Accrued general and administrative expenses	78		79
Aurelia option	74		0
Accrued interest expense	69		56
Deferred revenue	35		34
Accrued restructuring	12	$ 27	102
Other	402		481
Accrued expenses and other current liabilities	$ 2,275		$ 2,196

Supplemental Consolidated Fin_7

Supplemental Consolidated Financial Information - Equity Method Investments and Warrants (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Balance Sheet Components [Line Items]
Unrealized change in fair value of equity investment	$ 19	$ 1,321	$ (244)	$ 1,236
Change in fair value of Aurelia option	35	0	(74)	0
Change in fair value of warrant	145	(109)	120	(40)
Gain (loss) on equity investments and warrant, net	199	1,212	(120)	1,196
Adevinta
Balance Sheet Components [Line Items]
Unrealized change in fair value of equity investment	0	1,367	(234)	1,331
Realized change in fair value of shares sold in Adevinta	0	0	78	0
Gmarket
Balance Sheet Components [Line Items]
Unrealized change in fair value of equity investment	16	(43)	(12)	(83)
Adevinta Deal Expenses
Balance Sheet Components [Line Items]
Unrealized change in fair value of equity investment	$ 3	$ (3)	$ 2	$ (12)

Supplemental Consolidated Fin_8

Supplemental Consolidated Financial Information - Schedule of Interest and Other, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Balance Sheet Components [Abstract]
Interest income	$ 72	$ 58	$ 196	$ 148
Foreign exchange and other	(6)	1	4	(1)
Interest income and other, net	$ 66	$ 59	$ 200	$ 147

Commitments and Contingencies (

Commitments and Contingencies (Details)	Sep. 30, 2024 company
Commitments and Contingencies Disclosure [Abstract]
Number of companies	2

Stockholders_ Equity - Narrativ

Stockholders’ Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Feb. 29, 2024	Dec. 31, 2022
Equity [Abstract]
Additional amount authorized						$ 2,000
Share repurchase program, authorized amount						$ 2,000	$ 4,000
Payments for dividends		$ 131	$ 132	$ 405	$ 399
Subsequent Event
Class of 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	9 Months Ended
	Sep. 30, 2024	Feb. 29, 2024	Dec. 31, 2022
Equity [Abstract]
Shares Repurchased (in shares)	42,000,000
Average Price per Share (in usd per share)	$ 53.51
Value of Shares Repurchased	$ 2,249
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	(2,249)
Ending balance	$ 1,198
Treasury shares retired (in shares)	0

Employee Benefit Plans - Restri

Employee Benefit Plans - Restricted Stock Units (Details) - RSU shares in Millions	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Units
Outstanding, beginning of period (in shares)	24
Awarded (in shares)	11
Vested (in shares)	(8)
Forfeited (in shares)	(3)
Outstanding, end of period (in shares)	24
Weighted average grant date fair value (in usd per share) | $ / shares	$ 52.06

Employee Benefit Plans - Stock-

Employee Benefit Plans - Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 146	$ 144	$ 446	$ 426
Cost of net revenues
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	13	13	40	40
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	22	23	70	68
Product development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	70	69	211	202
Capitalized in product development	5	4	15	12
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 41	$ 39	$ 125	$ 116

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Expected decrease in unrecognized tax benefits	$ 170
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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss), Tax
Beginning balance	$ 27	$ 36	$ 37	$ 21
Other comprehensive income (loss) before reclassifications	2	(13)	(4)	(9)
Less: Amount of gain (loss) reclassified from AOCI	3	(2)	7	(13)
Net current period other comprehensive income (loss)	(1)	(11)	(11)	4
Ending balance	26	25	26	25
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance			6,396
Other comprehensive income (loss) before reclassifications	60	13	28	(41)
Less: Amount of gain (loss) reclassified from AOCI	(7)	1	(19)	39
Other comprehensive income (loss), net of tax	67	12	47	(80)
Ending balance	5,420	5,899	5,420	5,899
Unrealized Gains (Losses) on Derivative Instruments
Accumulated Other Comprehensive Income (Loss), Before Tax
Beginning balance	16	24	(13)	114
Other comprehensive income (loss) before reclassifications	(39)	43	(26)	2
Less: Amount of gain (loss) reclassified from AOCI	(10)	3	(26)	52
Net current period other comprehensive income (loss)	(29)	40	0	(50)
Ending balance	(13)	64	(13)	64
Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Before Tax
Beginning balance	(31)	(79)	(45)	(98)
Other comprehensive income (loss) before reclassifications	31	13	45	32
Less: Amount of gain (loss) reclassified from AOCI	0	0	0	0
Net current period other comprehensive income (loss)	31	13	45	32
Ending balance	0	(66)	0	(66)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Before Tax
Beginning balance	153	186	206	222
Other comprehensive income (loss) before reclassifications	66	(30)	13	(66)
Less: Amount of gain (loss) reclassified from AOCI	0	0	0	0
Net current period other comprehensive income (loss)	66	(30)	13	(66)
Ending balance	219	156	219	156
Accumulated other comprehensive income:
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	165	167	185	259
Ending balance	$ 232	$ 179	$ 232	$ 179

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of net revenues	$ (727)	$ (705)	$ (2,162)	$ (2,123)
Interest income and other, net	66	59	200	147
Income from continuing operations before income taxes	797	1,661	1,661	2,676
Income tax provision	(161)	(355)	(360)	(629)
Net income	634	1,305	1,296	2,043
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	(7)	1	(19)	39
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains (Losses) on Derivative Instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income from continuing operations before income taxes	(10)	3	(26)	52
Income tax provision	3	(2)	7	(13)
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	(11)	2	(31)	45
Cost of net revenues	(1)	(1)	(1)	(2)
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	$ 2	$ 6	$ 9

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Activity (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Restructuring Reserve [Roll Forward]
Accrued liability, beginning of period	$ 27	$ 102
Payments	(14)	(83)
Adjustments	(1)	(7)
Accrued liability, end of period	$ 12	$ 12

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