v3.20.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Value of Goodwill by Segment
The following table presents the changes in the carrying value of goodwill, by segment, for the three months ended March 31, 2020 (in millions):
 
 
Rides
 
Eats
 
Freight
 
Other Bets
 
ATG and Other Technology Programs
 
Total Goodwill
Balance as of December 31, 2019
 
$
25

 
$
13

 
$

 
$
100

 
$
29

 
$
167

Acquisitions (Note 16)
 
2,515

 

 

 

 

 
2,515

Goodwill impairment
 

 

 

 
(100
)
 

 
(100
)
Foreign currency translation adjustment
 
(16
)
 

 

 

 

 
(16
)
Balance as of March 31, 2020
 
$
2,524

 
$
13

 
$

 
$

 
$
29

 
$
2,566


Components of Intangible Assets, Net
The components of intangible assets, net as of December 31, 2019 and March 31, 2020 were as follows (in millions, except years):
 
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
 
Weighted Average Remaining Useful Life - Years
December 31, 2019
 
 
 
 
 
 
 
 
Developed technology (1)
 
$
94

 
$
(35
)
 
$
59

 
3

Patents
 
16

 
(4
)
 
12

 
8

Other
 
3

 
(3
)
 

 

Intangible assets
 
$
113

 
$
(42
)
 
$
71

 
 
 
 
Gross Carrying Value
 
Accumulated Amortization
 
Accumulated Impairment
 
Net Carrying Value
 
Weighted Average Remaining Useful Life - Years
March 31, 2020
 
 
 
 
 
 
 
 
 
 
Rider relationships (1)
 
$
268

 
$
(5
)
 
$

 
$
263

 
15

Captains network (1)
 
40

 
(10
)
 

 
30

 
1

Developed technology (1), (2)
 
204

 
(44
)
 
(23
)
 
137

 
4

Trade names (1)
 
120

 
(3
)
 

 
117

 
10

Patents
 
16

 
(5
)
 

 
11

 
8

Other
 
5

 
(3
)
 

 
2

 

Intangible assets
 
$
653

 
$
(70
)
 
$
(23
)
 
$
560

 
 
(1) Includes intangible assets acquired from Careem. Refer to Note 16 – Business Combination for further information.
(2) Developed technology intangible assets include in-process research and development (“IPR&D”), which is not subject to amortization, of $31 million and $31 million as of December 31, 2019 and March 31, 2020, respectively.
Estimated Aggregate Amortization Expense for Intangible Assets Subject to Amortization
The estimated aggregate future amortization expense for intangible assets subject to amortization as of March 31, 2020 is summarized below (in millions):
 
 
Estimated Future Amortization Expense
Year Ending December 31,
 
 
Remainder of 2020
 
$
76

2021
 
60

2022
 
59

2023
 
59

2024
 
31

Thereafter
 
242

Total
 
$
527