| 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): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Mobility | | Delivery | | Freight | | Total Goodwill | | Balance as of January 1, 2022 | | $ | 2,581 | | | $ | 4,401 | | | $ | 1,438 | | | $ | 8,420 | | | Acquisitions | | 64 | | | — | | | — | | | 64 | | | Measurement period adjustment | | 2 | | | — | | | (2) | | | — | | | Divestiture | | (16) | | | — | | | — | | | (16) | | | Foreign currency translation adjustment | | (210) | | | 4 | | | 1 | | | (205) | | | Balance as of December 31, 2022 | | 2,421 | | | 4,405 | | | 1,437 | | | 8,263 | | | Loss on disposal | | (9) | | | — | | | — | | | (9) | | | Divestiture | | — | | | (36) | | | — | | | (36) | | | Foreign currency translation and other adjustments | | (75) | | | — | | | 8 | | | (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 Value | | Accumulated Amortization | | Net Carrying Value | | Weighted Average Remaining Useful Life - Years | | December 31, 2022 | | | | | | | | | | Consumer, Merchant and other relationships | | $ | 1,825 | | | $ | (506) | | | $ | 1,319 | | | 9 | | Developed technology | | 921 | | | (517) | | | 404 | | | 5 | | Trade name, trademarks and other | | 247 | | | (96) | | | 151 | | | 6 | | Intangible assets | | $ | 2,993 | | | $ | (1,119) | | | $ | 1,874 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Carrying Value | | Accumulated Amortization | | | | Net Carrying Value | | Weighted Average Remaining Useful Life - Years | | December 31, 2023 | | | | | | | | | | | | Consumer, Merchant and other relationships | | $ | 1,800 | | | $ | (697) | | | | | $ | 1,103 | | | 8 | | Developed technology | | 890 | | | (621) | | | | | 269 | | | 5 | | Trade name, trademarks and other | | 154 | | | (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 | | | 2025 | | 248 | | | 2026 | | 187 | | | 2027 | | 171 | | | 2028 | | 128 | | | Thereafter | | 398 | | | Total | | $ | 1,423 | |
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