v3.24.0.1
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Note 7 – Goodwill and Intangible Assets
Goodwill
The following table presents the changes in the carrying value of goodwill by segment (in millions):
MobilityDeliveryFreightTotal Goodwill
Balance as of January 1, 2022$2,581 $4,401 $1,438 $8,420 
Acquisitions64 — — 64 
Measurement period adjustment— (2)— 
Divestiture(16)— — (16)
Foreign currency translation adjustment(210)(205)
Balance as of December 31, 20222,421 4,405 1,437 8,263 
Loss on disposal(9)— — (9)
Divestiture— (36)— (36)
Foreign currency translation and other adjustments(75)— (67)
Balance as of December 31, 2023$2,337 $4,369 $1,445 $8,151 
Intangible Assets
The components of intangible assets, net were as follows (in millions except years):
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueWeighted Average Remaining Useful Life - Years
December 31, 2022
Consumer, Merchant and other relationships$1,825 $(506)$1,319 9
Developed technology921 (517)404 5
Trade name, trademarks and other247 (96)151 6
Intangible assets$2,993 $(1,119)$1,874 
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueWeighted Average Remaining Useful Life - Years
December 31, 2023
Consumer, Merchant and other relationships$1,800 $(697)$1,103 8
Developed technology890 (621)269 5
Trade name, trademarks and other154 (101)53 4
Intangible assets$2,844 $(1,419)$1,425 
Amortization expense for intangible assets subject to amortization was $439 million, $523 million, and $362 million for the years ended December 31, 2021, 2022 and 2023, respectively.
The estimated aggregate future amortization expense for intangible assets subject to amortization as of December 31, 2023 is summarized below (in millions):
Estimated Future Amortization Expense
Year Ending December 31,
2024$291 
2025248 
2026187 
2027171 
2028128 
Thereafter398 
Total$1,423