v3.22.1
Supplemental Financial Statement Information
 3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Statement Information
Note 7 – Supplemental Financial Statement Information
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets were as follows (in millions):
As of
December 31, 2021March 31, 2022
Prepaid expenses$459 $355 
Other receivables553 615 
Other442 492 
Prepaid expenses and other current assets$1,454 $1,462 
Accrued and Other Current Liabilities
Accrued and other current liabilities were as follows (in millions):
As of
December 31, 2021March 31, 2022
Accrued legal, regulatory and non-income taxes$2,187 $2,066 
Accrued Drivers and Merchants liability1,187 1,222 
Income and other tax liabilities376 393 
Commitment to issue unsecured convertible notes in connection with Careem acquisition238 234 
Other2,549 2,251 
Accrued and other current liabilities$6,537 $6,166 
Other Long-Term Liabilities
Other long-term liabilities were as follows (in millions):
As of
December 31, 2021March 31, 2022
Deferred tax liabilities$365 $91 
Other570 588 
Other long-term liabilities$935 $679 
Accumulated Other Comprehensive Income (Loss)
The changes in composition of accumulated other comprehensive income (loss), net of tax, were as follows (in millions):
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale Securities, Net of TaxTotal
Balance as of December 31, 2020$(581)$46 $(535)
Other comprehensive income (loss) before reclassifications (1)
33 1,156 1,189 
Amounts reclassified from accumulated other comprehensive income (loss)— — — 
Other comprehensive income (loss)33 1,156 1,189 
Balance as of March 31, 2021$(548)$1,202 $654 
(1) During the three months ended March 31, 2021, unrealized gains on available-for-sale securities, net of tax relates to pre-tax unrealized gains of $1.3 billion for the change in fair value of our investment in Grab. To determine the fair value of our investment in Grab as of March 31, 2021, we utilized a hybrid approach, incorporating a CSE method along with an OPM. The CSE method assumes an if-converted scenario (for example an initial public offering (“IPO”) or a special purpose acquisition company transaction), where the OPM approach allocates equity value to individual securities within the investees’ capital structure based on contractual rights and preferences.
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale Securities, Net of TaxTotal
Balance as of December 31, 2021$(524)$— $(524)
Other comprehensive income (loss) before reclassifications19 — 19 
Amounts reclassified from accumulated other comprehensive income (loss)— — — 
Other comprehensive income (loss)19 — 19 
Balance as of March 31, 2022$(505)$— $(505)
Other Income (Expense), Net
The components of other income (expense), net were as follows (in millions):
Three Months Ended March 31,
20212022
Interest income$5 $11 
Foreign currency exchange gains (losses), net(25)10 
Gain on business divestiture (1)
1,684 — 
Unrealized gain (loss) on debt and equity securities, net (2)
63 (5,570)
Impairment of equity method investment (3)
— (182)
Revaluation of MLU B.V. call option (4)
— 181 
Other, net(17)(7)
Other income (expense), net$1,710 $(5,557)
(1) During the three months ended March 31, 2021, gain on business divestiture primarily represents a $1.6 billion gain on the sale of Apparate USA LLC (“Apparate” or the “ATG Business”) to Aurora Innovation, Inc. (“Aurora”) in January 2021. Refer to Note 15 – Divestiture for further information.
(2) During the three months ended March 31, 2022, unrealized loss on debt and equity securities, net primarily represents changes in the fair value of our marketable equity securities, including: a $1.9 billion unrealized loss on our Grab investment; a $1.7 billion unrealized loss on our Aurora investments; a $1.4 billion unrealized loss on our Didi investment; and a $462 million unrealized loss on our Zomato investment.
(3) During the three months ended March 31, 2022, impairment of equity method investment, represents a $182 million impairment loss recorded on our MLU B.V. equity method investment. Refer to Note 4 – Equity Method Investments for further information.
(4) During the three months ended March 31, 2022, revaluation of MLU B.V. call option represents a $181 million gain for the change in fair value of the call option granted to Yandex (“MLU B.V. Call Option”). Refer to Note 4 – Equity Method Investments for further information.