Business Combination (Tables)

3 Months Ended

Mar. 31, 2020

The acquisition date fair value of the consideration transferred for Careem was approximately $3.0 billion, which consisted of the following (in millions):



	Fair Value
Cash paid on January 2, 2020	$	1,325
Non-interest bearing unsecured convertible notes	1,634
Transaction costs paid on January 2, 2020 on behalf of Careem	34
Contingent cash consideration	14
Stock-based compensation awards attributable to pre-combination services	6
Total consideration	$	3,013

Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair value of assets acquired and liabilities assumed as of the date of acquisition (in millions):



	Fair Value
Current assets	$	45
Goodwill	2,515
Intangible assets	540
Other long-term assets	81
Total assets acquired	3,181
Current liabilities	(56		)
Deferred tax liability	(44		)
Other long-term liabilities	(68		)
Total liabilities assumed	(168		)
Total	$	3,013

Identifiable Intangible Assets Acquired and Estimated Useful Lives

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in millions, except years):



	Fair Value		Weighted Average Remaining Useful Life - Years
Rider relationships	$	270	15
Captains network	40		1
Developed technology	110		4
Trade names	120		10
Total	$	540