v3.22.2
Supplemental Financial Statement Information
 6 Months Ended
Jun. 30, 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, 2021June 30, 2022
Prepaid expenses$459 $250 
Other receivables553 615 
Other442 504 
Prepaid expenses and other current assets$1,454 $1,369 
Accrued and Other Current Liabilities
Accrued and other current liabilities were as follows (in millions):
As of
December 31, 2021June 30, 2022
Accrued legal, regulatory and non-income taxes$2,187 $2,230 
Accrued Drivers and Merchants liability1,187 1,279 
Income and other tax liabilities376 427 
Commitment to issue unsecured convertible notes in connection with Careem acquisition238 235 
Other2,549 2,300 
Accrued and other current liabilities$6,537 $6,471 
Other Long-Term Liabilities
Other long-term liabilities were as follows (in millions):
As of
December 31, 2021June 30, 2022
Deferred tax liabilities$365 $103 
Other570 556 
Other long-term liabilities$935 $659 
Accumulated Other Comprehensive Income (Loss)
The changes in composition of accumulated other comprehensive income (loss), net of tax, were as follows (in millions):
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale Securities, Net of TaxTotal
Balance as of December 31, 2020$(581)$46 $(535)
Other comprehensive income (loss) before reclassifications (1)
54 1,162 1,216 
Amounts reclassified from accumulated other comprehensive income (loss)— — — 
Other comprehensive income (loss)54 1,162 1,216 
Balance as of June 30, 2021$(527)$1,208 $681 
(1) During the six months ended June 30, 2021, unrealized gains on available-for-sale securities, net of tax relates to pre-tax unrealized gains of $1.3 billion for the change in fair value of our investment in Grab. To determine the fair value of our investment in Grab as of June 30, 2021, we utilized a hybrid approach, incorporating a CSE method along with an OPM. The CSE method assumes an if-converted scenario (for example an initial public offering (“IPO”) or a special purpose acquisition company transaction), where the OPM approach allocates equity value to individual securities within the investees’ capital structure based on contractual rights and preferences.
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale Securities, Net of TaxTotal
Balance as of December 31, 2021$(524)$— $(524)
Other comprehensive income (loss) before reclassifications(181)— (181)
Amounts reclassified from accumulated other comprehensive income (loss)— — — 
Other comprehensive income (loss)(181)— (181)
Balance as of June 30, 2022$(705)$— $(705)
Other Income (Expense), Net
The components of other income (expense), net were as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2021202220212022
Interest income$13 $17 $18 $28 
Foreign currency exchange gains (losses), net— (38)(25)(28)
Gain on business divestiture (1)
— — 1,684 — 
Unrealized gain (loss) on debt and equity securities, net (2)
1,912 (1,677)1,975 (7,247)
Impairment of equity method investment (3)
— — — (182)
Revaluation of MLU B.V. call option (4)
— (11)— 170 
Other, net18 5 1 (2)
Other income (expense), net$1,943 $(1,704)$3,653 $(7,261)
(1) During the six months ended June 30, 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 and six months ended June 30, 2021, unrealized gain (loss) on debt and equity securities, net primarily represents a $1.4 billion gain on our Didi investment and a $471 million gain on our Aurora Investments in the second quarter of 2021.
During the three and six months ended June 30, 2022, unrealized gain (loss) on debt and equity securities, net primarily represents a $1.1 billion and $2.8 billion loss, respectively, on our Aurora Investments, a $520 million and $2.5 billion loss, respectively, on our Grab investment, a $245 million and $707 million loss, respectively, on our Zomato investment, and a $1.4 billion loss on our Didi investment in the first quarter of 2022, partially offset by a $259 million gain on our Didi investment in the second quarter of 2022.
(3) During the six months ended June 30, 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 six months ended June 30, 2022, revaluation of MLU B.V. call option represents a $170 million net 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.