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Equity Method Investments
 6 Months Ended
Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Note 4 – Equity Method Investments
The carrying value of our equity method investments were as follows (in millions):
As of
December 31, 2023June 30, 2024
Careem Technologies$300 $274 
Other53 68 
Total equity method investments$353 $342 
MLU B.V. Investment
During 2018, we closed a transaction that contributed the net assets of our Uber/CIS operations into a newly formed private limited liability company (“MLU B.V.”), with Yandex N.V. (“Yandex”) and us holding ownership interests in MLU B.V.
Sale of Our Remaining Interest in MLU B.V.
On April 21, 2023, we entered into and closed on a definitive agreement to sell our remaining 29% equity interest in MLU B.V. to Yandex for $703 million in cash and recognized an immaterial loss from this transaction recorded in other income (expense), net in our condensed consolidated statements of operations during the three and six months ended June 30, 2023. After this transaction, we no longer had an equity interest in MLU B.V.
As part of our sale of our remaining interest in MLU B.V. to Yandex during the second quarter of 2023, we recognized an immaterial gain in other income (expense), net in our condensed consolidated statements of operations during the three and six months ended June 30, 2023 related to an extinguished option we had granted to Yandex to acquire our remaining equity interest in MLU B.V.