Prepaid expenses and other current assets were as follows (in millions):


	As of December 31,
	2022		2023
Prepaid expenses	$	310	$	400
Other receivables	710		717
Other	459		564
Prepaid expenses and other current assets	$	1,479	$	1,681

Accrued and other current liabilities were as follows (in millions):


	As of December 31,
	2022		2023
Accrued legal, regulatory and non-income taxes	$	1,573	$	1,044
Accrued Drivers and Merchants liability	1,593		1,996
Accrued compensation and employee benefits	587		710
Income and other tax liabilities	476		684

Commitment to issue unsecured convertible notes in connection with Careem acquisition	152		128
Other	1,851		1,896
Accrued and other current liabilities	$	6,232	$	6,458

Other long-term liabilities were as follows (in millions):


	As of December 31,
	2022		2023
Deferred tax liabilities	$	27	$	56
Other	759		776
Other long-term liabilities	$	786	$	832

The changes in composition of accumulated other comprehensive income (loss), net of tax, for the were as follows (in millions):


	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax		Total
Balance as of December 31, 2020	$	(581)	$	46	$	(535)
Other comprehensive income before reclassifications (1)	57		2,562		2,619
Amounts reclassified from accumulated other comprehensive income (1), (2)	—		(2,608)		(2,608)
Other comprehensive income (loss)	57		(46)		11
Balance as of December 31, 2021	$	(524)	$	—	$	(524)

(1) On December 1, 2021, Grab completed its planned SPAC merger with Altimeter Growth Corporation, resulting in Grab becoming a publicly traded company post combination. Upon the completion of the merger, our investment in Series G preferred shares of Grab converted into the newly issued Class A ordinary shares of the publicly traded company. Upon the conversion, we released the accumulative pre-tax unrealized gains recorded through other comprehensive income and recognized them as unrealized gains in other income (expense), net in our consolidated statement of operations as of December 31, 2021. Refer to Note 3 – Investments and Fair Value Measurement for further information.

(2) The amounts reclassified from accumulated other comprehensive income are recorded in other income (expense), net and the related tax impact of $176 million is recorded in provision for (benefit from) income taxes on the consolidated statement of operations.


	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax		Total
Balance as of December 31, 2021	$	(524)	$	—	$	(524)
Other comprehensive income before reclassifications	81		—		81
Amounts reclassified from accumulated other comprehensive income	—		—		—
Other comprehensive income (loss)	81		—		81
Balance as of December 31, 2022	$	(443)	$	—	$	(443)


	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax		Total
Balance as of December 31, 2022	$	(443)	$	—	$	(443)
Other comprehensive income before reclassifications	(123)		5		(118)
Amounts reclassified from accumulated other comprehensive income (1)	140		—		140
Other comprehensive income (loss)	17		5		22
Balance as of December 31, 2023	$	(426)	$	5	$	(421)

(1) The amounts were reported as part of the loss from the sale of our remaining interest in MLU B.V., which was recorded in other income (expense), net in our consolidated statements of operations during the year ended December 31, 2023. Refer to Note 4 - Equity Method Investments for further information.

The components of other income (expense), net were as follows (in millions):


	Year Ended December 31,
	2021		2022		2023
Interest income	$	37	$	139	$	484
Foreign currency exchange gains (losses), net	(67)		(147)		(182)
Gain on business divestitures, net (1)	1,684		14		204
Gain (loss) from sale of investments (2)	413		—		(74)
Unrealized gain (loss) on debt and equity securities, net (3)	1,142		(7,045)		1,610

Impairment of equity method investment (4)	—		(182)		—
Revaluation of MLU B.V. call option (5)	—		191		—
Other, net	83		1		(198)
Other income (expense), net	$	3,292	$	(7,029)	$	1,844

(1) During the year ended December 31, 2021, gain on business divestitures, net represented a $1.6 billion gain on the sale of our ATG Business to Aurora recognized in the first quarter of 2021.

During the year ended December 31, 2023, gain on business divestitures, net represents a $204 million gain on the sale of interest in Careem Technologies. Refer to Note 18 – Divestitures for further information.

(2) During the year ended December 31, 2021, gain from sale of investments primarily represented a $348 million gain recognized from sale of our equity interests in MLU B.V. Refer to Note 4 - Equity Method Investments for further information.

(3) During the year ended December 31, 2021, unrealized gain (loss) on debt and equity securities, net primarily represented a $1.6 billion unrealized gain on our Grab investment, a $1.6 billion unrealized gain on our Aurora Investments and a $991 million net unrealized gain on our Zomato investment, partially offset by a $3.0 billion net unrealized loss on our Didi investment.

During the year ended December 31, 2022, unrealized gain (loss) on debt and equity securities, net primarily represented a $3.0 billion net unrealized loss on our Aurora investments, a $2.1 billion net unrealized loss on our Grab investment, a $1.0 billion net unrealized loss on our Didi investment, a $747 million change of fair value on our Zomato investment, as well as a $142 million net unrealized loss on our other investments in securities accounted for under the fair value option.

During the year ended December 31, 2023, unrealized gain (loss) on debt and equity securities, net primarily represents changes in the fair value of our equity securities including: a $985 million net unrealized gain on our Aurora investment, a $443 million net unrealized gain on our Didi investment, a $84 million net unrealized gain on our Joby investment, and a $80 million net unrealized gain on our Grab investment. Refer to Note 3 – Investments and Fair Value Measurement for further information.

(4) During the year ended December 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.

(5) During the year ended December 31, 2022, revaluation of MLU B.V. call option represents a $191 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.