v3.22.2
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 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 six months ended June 30, 2022 (in millions):
MobilityDeliveryFreightTotal Goodwill
Balance as of December 31, 2021$2,581 $4,401 $1,438 $8,420 
Acquisitions64 — — 64 
Measurement period adjustment— — 
Reclass to Assets held for sale(16)— — (16)
Foreign currency translation adjustment(111)(1)— (112)
Balance as of June 30, 2022$2,518 $4,400 $1,441 $8,359 
Intangible Assets
The components of intangible assets, net as of December 31, 2021 and June 30, 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
June 30, 2022
Consumer, Merchant and other relationships$1,840 $(419)$1,421 9
Developed technology919 (389)530 5
Trade names and trademarks221 (64)157 6
Patents15 (8)6
Other10 (3)0
Intangible assets$3,005 $(883)$2,122 
Amortization expense for intangible assets subject to amortization was $104 million and $139 million for the three months ended June 30, 2021 and 2022, respectively. Amortization expense for intangible assets subject to amortization was $196 million and $283 million for the six months ended June 30, 2021 and 2022, respectively.
The estimated aggregate future amortization expense for intangible assets subject to amortization as of June 30, 2022 is summarized below (in millions):
Estimated Future Amortization Expense
Year Ending December 31,
Remainder of 2022$240 
2023359 
2024303 
2025264 
2026202 
Thereafter747 
Total$2,115