v3.22.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Note 5 – Goodwill and Intangible Assets
Goodwill
The following table presents the changes in the carrying value of goodwill by reportable segment for the three months ended March 31, 2022 (in millions):
MobilityDeliveryFreightTotal Goodwill
Balance as of December 31, 2021$2,581 $4,401 $1,438 $8,420 
Acquisitions64 — — 64 
Measurement period adjustment— — 
Foreign currency translation adjustment(56)— (54)
Balance as of March 31, 2022$2,589 $4,403 $1,443 $8,435 
Intangible Assets
The components of intangible assets, net as of December 31, 2021 and March 31, 2022 were as follows (in millions, except years):
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 technology922 (269)653 5
Trade names and trademarks222 (47)175 6
Patents15 (7)7
Other(3)0
Intangible assets$3,032 $(620)$2,412 
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueWeighted Average Remaining Useful Life - Years
March 31, 2022
Consumer, Merchant and other relationships$1,856 $(362)$1,494 9
Developed technology924 (325)599 5
Trade names and trademarks222 (55)167 6
Patents15 (8)6
Other(3)0
Intangible assets$3,022 $(753)$2,269 
Amortization expense for intangible assets subject to amortization was $92 million and $144 million for the three months ended March 31, 2021 and 2022, respectively.
The estimated aggregate future amortization expense for intangible assets subject to amortization as of March 31, 2022 is summarized below (in millions):
Estimated Future Amortization Expense
Year Ending December 31,
Remainder of 2022$381 
2023363 
2024306 
2025266 
2026203 
Thereafter748 
Total$2,267