CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Income Statement [Abstract] | ||||||
| Net revenue | $ 3,117 | $ 3,171 | $ 5,846 | $ 5,945 | ||
| Cost of goods sold | 2,176 | 2,186 | 4,086 | 4,139 | ||
| Gross profit | 941 | 985 | 1,760 | 1,806 | | |
| Operating expenses: | ||||||
| Customer service and merchant fees | 121 | 144 | 238 | 283 | ||
| Advertising | 365 | 352 | 689 | 679 | ||
| Selling, operations, technology, general and administrative | 489 | 630 | 1,023 | 1,254 | ||
| Impairment and other related net charges | 1 | 1 | 1 | 14 | ||
| Restructuring charges | 0 | 0 | 79 | 65 | ||
| Total operating expenses | 976 | 1,127 | 2,030 | 2,295 | | |
| Loss from operations | (35) | (142) | (270) | (489) | | |
| Interest expense, net | (4) | (5) | (10) | (10) | | |
| Other (expense) income, net | (1) | 3 | (5) | 2 | | |
| Gain on debt extinguishment | 0 | 100 | 0 | 100 | | |
| Total Other Income Expenses | -5.0 | 98.0 | -15.0 | 92.0 | 0.0 | |
| Loss before income taxes | (40) | (44) | (285) | (397) | | |
| Provision for income taxes, net | 2 | 2 | 5 | 4 | | |
| Net loss | $ (42) | $ (46) | $ (290) | $ (401) | | |
| Loss per share: | ||||||
| Basic (in dollars per share) | $ (0.34) | $ (0.41) | $ (2.39) | $ (3.60) | ||
| Diluted (in dollars per shares) | $ (0.34) | $ (0.41) | $ (2.39) | $ (3.60) | ||
| Weighted-average number of shares of common stock outstanding used in computing per share amounts: | ||||||
| Basic (in shares) | 122 | 112 | 121 | 111 | ||
| Diluted (in shares) | 122 | 112 | 121 | 111 | ||
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- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The charge against earnings resulting from the write down of long lived assets other than goodwill due to the difference between the carrying value and lower fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents information pertaining to expenses related to customer service and merchant fees incurred during the period. No definition available.
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- Definition The aggregate total of expenses of technology, operations and managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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