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Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table presents the major classes of line items of the discontinued operations included in the condensed consolidated statements of operations for the periods presented (in millions):
Three Months Ended
September 30, 2022
Nine Months Ended
September 30, 2022
Revenue$23 $4,249 
Cost of revenue24 4,023 
Gross profit (loss)
(1)226 
Operating expenses:
Sales and marketing153 
Technology and development— 
General and administrative— 10 
Restructuring costs— 25 
Total operating expenses194 
Income (loss) from discontinued operations
(2)32 
Loss on extinguishment of debt— (21)
Other income— 13 
Interest expense— (36)
Loss from discontinued operations before income taxes
(2)(12)
Income tax expense — (1)
Net loss from discontinued operations$(2)$(13)
Net loss from discontinued operations per share:
Basic$(0.01)$(0.05)
Diluted$(0.01)$(0.05)
The following table presents significant non-cash items and capital expenditures of the discontinued operations for the nine months ended September 30, 2022 (in millions):
Amortization of debt discount and debt issuance costs$21 
Loss on debt extinguishment21 
Share-based compensation16 
Inventory valuation adjustment
Depreciation and amortization
Settlement of beneficial interests in securitizations(79)