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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Note 7 – Goodwill and Intangible Assets
Goodwill
On January 2, 2020, we completed the acquisition of substantially all of the assets of Careem Inc. (“Careem”) and certain of its subsidiaries. The acquisition was accounted for as a business combination, resulting in the recognition of $2.5 billion in goodwill in our Mobility segment and $540 million in intangible assets.
On July 6, 2020, we closed on a purchase agreement to acquire Cornershop Global LLC (“CS-Global”), and its wholly owned subsidiaries operating in Brazil, Chile, Colombia, Costa Rica, Canada, U.S., and Peru. The agreement was accounted for as a business combination, resulting in the recognition of $384 million in goodwill in our Delivery segment and $122 million in intangible assets.
On July 14, 2020, we acquired 100% of the equity of Routematch Holdings, Inc. (“Routematch”). The acquisition was accounted for as a business combination, resulting in the recognition of $91 million in goodwill in our Mobility segment and $27 million in intangible assets.
On Dec 1, 2020, we acquired 100% of the equity of Postmates Inc. (“Postmates”). The acquisition was accounted for as a business combination, resulting in the recognition of $3.1 billion in goodwill in our Delivery segment and $1.0 billion in intangible assets.
On October 12, 2021, we completed the acquisition of The Drizly Group, Inc. (“Drizly”). The acquisition was accounted for as a business combination, resulting in the recognition of $619 million in goodwill in our Delivery segment and $395 million in intangible assets.
On November 12, 2021, we completed the acquisition of Transplace. The acquisition was accounted for as a business combination, resulting in the recognition of $1.4 billion in goodwill in our Freight segment and $902 million in intangible assets.
Refer to Note 18 – Business Combinations for further information of our acquisitions.
The following table presents the changes in the carrying value of goodwill by segment for the years ended December 31, 2020 and 2021 (in millions):
As Previously Reported (1)
ATG and Other Technology ProgramsMobilityDeliveryFreightAll OtherTotal Goodwill
Balance as of January 1, 2020$29 $25 $13 $— $100 $167 
Acquisitions— 2,574 3,533 — — 6,107 
Goodwill impairment— — — — (100)(100)
Reclass to Assets held for sale(29)— — — — (29)
Foreign currency translation adjustment— (37)1 — — (36)
Balance as of December 31, 2020— 2,562 3,547 — — 6,109 
Acquisitions— 127 672 1,438 — 2,237 
Goodwill impairment— (73)— — — (73)
Measurement period adjustment (2)
— (1)189 — — 188 
Foreign currency translation adjustment— (34)(7)— — (41)
Balance as of December 31, 2021$— $2,581 $4,401 $1,438 $— $8,420 
(1) Prior to the first quarter of 2021, we had four reportable segments, Mobility, Delivery, Freight, and ATG and Other Technology Programs. In the first quarter of 2021, we determined there are three operating and reportable segments: Mobility, Delivery, and Freight. Refer to Note 14 - Segment Information and Geographic Information for further information.
(2) Refer to Note 18 – Business Combinations.
Goodwill Impairment
We performed an annual test for goodwill impairment in the fourth quarter of the fiscal year ended December 31, 2019 and determined that goodwill was not impaired.
During the first quarter of 2020, prior to the JUMP Divestiture in May 2020, market, macroeconomic and business conditions resulting from the COVID-19 pandemic indicated that it was more likely than not that the carrying value of our New Mobility reporting unit within our previous Other Bets segment (subsequently renamed All Other after the JUMP Divestiture), exceeded its fair value. As a result, we performed an interim goodwill impairment test by comparing the fair value of the New Mobility reporting unit to its carrying value. Fair value was determined by referencing market valuation multiples implied by companies that have comparable businesses which is a Level 3 measurement. The carrying value of our New Mobility reporting unit exceeded its fair value, and as a result, a goodwill impairment charge of $100 million was recorded in general and administrative expenses in the consolidated statement of operations after consideration of impairments of long-lived and other assets of the reporting unit. Also, during the first quarter of 2020, we recognized impairment charges to intangible assets of $23 million, property and equipment of $47 million and other current assets of $23 million in general and administrative expenses in the consolidated statement of operations in our New Mobility reporting unit.
During the year ended December 31, 2021, we recognized an immaterial goodwill impairment charge.
Intangible Assets
The components of intangible assets, net as of December 31, 2020 and 2021 were as follows (in millions except years):
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueWeighted Average Remaining Useful Life - Years
December 31, 2020
Consumer, Merchant and other relationships$1,007 $(81)$926 8
Developed technology (1)
529 (69)460 2
Trade names and trademarks183 (16)167 7
Patents15 (6)9 8
Other5 (3)2 0
Intangible assets$1,739 $(175)$1,564 
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueWeighted Average Remaining Useful Life - Years
December 31, 2021
Consumer, Merchant and other relationships$1,868 $(294)$1,574 9
Developed technology (1)
922 (269)653 5
Trade names and trademarks222 (47)175 6
Patents15 (7)8 7
Other5 (3)2 0
Intangible assets$3,032 $(620)$2,412 
(1) Developed technology intangible assets include in-process research and development (“IPR&D”), which is not subject to amortization, of $55 million as of December 31, 2020. There was no IPR&D included in developed technology intangible assets as of December 31, 2021.
Amortization expense for intangible assets subject to amortization was $16 million, $155 million, and $439 million for the years ended December 31, 2019, 2020 and 2021, respectively.
The estimated aggregate future amortization expense for intangible assets subject to amortization as of December 31, 2021 is summarized below (in millions):
Estimated Future Amortization Expense
Year Ending December 31,
2022$524 
2023361 
2024303 
2025265 
2026202 
Thereafter757 
Total$2,412 
Impairment of Definite-Lived Intangible and Long-Lived Assets
The following table presents the definite-lived intangible and long-lived asset impairment charges recorded in the consolidated statements of operations by asset class during the years ended December 31, 2020 and 2021 (in millions):
Year Ended December 31,
20202021
Intangible assets$23 $23 
Property and equipment154 17 
Operating lease right-of-use assets (1)
94 3 
Total$271 $43 
(1) During the year ended December 31, 2020, we exited, and made available for sublease, certain leased offices, primarily due to the City of San Francisco's extended shelter-in-place orders and our restructuring activities. These decisions resulted in operating lease right-of-use assets impairments of $52 million, $18 million, and $24 million recorded in general and administrative, operations and support, research and development, respectively, in the consolidated statements of operations.
We did not record any impairment charges related to definite-lived intangible and held and used long-lived asset during the year ended December 31, 2019.