v3.23.2
REVENUE
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
We enable our customers to send and receive payments. We earn revenue primarily by completing payment transactions for our customers on our payments platform and from other value added services. Our revenues are classified into two categories: transaction revenues and revenues from other value added services.

DISAGGREGATION OF REVENUE

We determine operating segments based on how our chief operating decision maker (“CODM”) manages the business, makes operating decisions around the allocation of resources, and evaluates operating performance. Our CODM is our Chief Executive Officer, who regularly reviews our operating results on a consolidated basis. We operate as one segment and have one reportable segment. Based on the information provided to and reviewed by our CODM, we believe that the nature, amount, timing, and uncertainty of our revenue and cash flows and how they are affected by economic factors are most appropriately depicted through our primary geographical markets and types of revenue categories (transaction revenues and revenues from other value added services). Revenues recorded within these categories are earned from similar products and services for which the nature of associated fees and the related revenue recognition models are substantially the same.
The following table presents our revenue disaggregated by primary geographical market and category:
 Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
(In millions)
Primary geographical markets
U.S.$4,210 $3,863 $8,357 $7,534 
Other countries(1)
3,077 2,943 5,970 5,755 
Total net revenues(2)
$7,287 $6,806 $14,327 $13,289 
Revenue category
Transaction revenues$6,556 $6,272 $12,920 $12,270 
Revenues from other value added services731 534 1,407 1,019 
Total net revenues(2)
$7,287 $6,806 $14,327 $13,289 
(1) No single country included in the other countries category generated more than 10% of total net revenues.
(2) Total net revenues include $452 million and $296 million for the three months ended June 30, 2023 and 2022, respectively, and $903 million and $483 million for the six months ended June 30, 2023 and 2022, respectively, which do not represent revenues recognized in the scope of Accounting Standards Codification Topic 606, Revenue from contracts with customers. Such revenues relate to interest and fees earned on loans and interest receivable, including loans and interest receivable held for sale, hedging gains or losses, and interest earned on certain assets underlying customer balances.

Net revenues are attributed to the country in which the party paying our fee is located.