The Earth’s 4.5 billion year history has been divided and subdivided into time spans delimited by major geological or biological events, such as the development of multicellular life, or mass extinctions. From largest to smallest, the terms for these divisions are:
Eons can range from hundreds of millions to more than a billion years. Examples include the Archean, Proterozoic, and Phanerozoic Eons.
Eons are subdivided into eras, which are intervals of tens to hundreds of millions of years. Examples: Paleozoic, Mesozoic, Cenozoic.
A period may be tens of millions of years long. Examples: Cambrian, Devonian, Jurassic.
More recent periods are further divided into epochs and ages. Epochs last from tens of thousands to millions of years. Often, periods are simply divided into Early, Middle, and Late Epochs. Other examples are Furongian, Oligocene, and Holocene.
A typical age lasts for a few million years. Examples: Frasnian, Selandian, Ypresian.
We are now experiencing the Holocene Epoch in the Quaternary Period of the Cenozoic Era of the Phanerozoic Eon.