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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table presents the major classes of assets and liabilities of discontinued operations as of December 31, 2021 (in millions):
Assets
Current assets:
Cash and cash equivalents$296 
Accounts receivable, net78 
Inventory3,913 
Prepaid expenses and other current assets13 
Restricted cash226 
Total current assets of discontinued operations4,526 
Intangible assets, net4 
Other assets78 
Total assets of discontinued operations$4,608 
Liabilities
Current liabilities:
Accounts payable$6 
Accrued expenses and other current liabilities72 
Accrued compensation and benefits47 
Borrowings under credit facilities2,199 
Securitization term loans1,209 
Total current liabilities of discontinued operations$3,533 

The following table presents the major classes of line items of the discontinued operations included in the consolidated statements of operations for the periods presented (in millions):
Year Ended December 31,
202220212020
Revenue$4,249 $6,015 $1,716 
Cost of revenue4,023 6,071 1,611 
Gross profit (loss)226 (56)105 
Operating expenses:
Sales and marketing153 361 156 
Technology and development6 53 66 
General and administrative10 35 33 
Impairment and restructuring costs25 62 — 
Total operating expenses194 511 255 
Income (loss) from discontinued operations32 (567)(150)
Loss on extinguishment of debt(21)— — 
Other income, net13 3 — 
Interest expense(36)(64)(17)
Loss from discontinued operations before income taxes
(12)(628)(167)
Income tax benefit (expense)(1)(2)— 
Net loss from discontinued operations
$(13)$(630)$(167)
Net loss from discontinued operations per share:
Basic$(0.05)$(2.52)$(0.75)
Diluted$(0.05)$(2.41)$(0.72)
The following table presents significant non-cash items and capital expenditures of the discontinued operations for the periods presented (in millions):
Year Ended December 31,
202220212020
Amortization of debt discount and debt issuance costs$21 $11 $— 
Loss on debt extinguishment21 — — 
Share-based compensation16 40 27 
Inventory valuation adjustment9 408 — 
Depreciation and amortization7 10 6 
Capital expenditures1 6 8 
Issuance (settlement) of beneficial interests in securitizations(79)63 — 
Restructuring and Related Costs
The following table presents a summary of restructuring charges attributable to discontinued operations for the periods presented (in millions):
Year Ended December 31,
Line Item of Discontinued Operations20222021Cumulative Amount Recognized
Inventory write-downCost of revenue$9 $408 N/A
Other charges:
Employee termination costsImpairment and restructuring costs$20 $52 $72 
Financing-related chargesInterest expense and Loss on debt extinguishment37 6 43 
Contract termination costsImpairment and restructuring costs4 10 14 
Accelerated depreciation and amortizationCost of revenue14 5 19 
Asset write-offsImpairment and restructuring costs— 1 1 
Other chargesImpairment and restructuring costs1 — 1 
Total other charges76 74 150 
Total$85 $482 $567