v3.24.0.1
Goodwill and Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill for the periods presented were as follows (in millions):
Total
Balance as of December 31, 2021$316 
Acquisitions2,054 
Balance as of December 31, 20222,370 
Goodwill measurement period adjustment3 
Effects of foreign currency translation59 
Balance as of December 31, 2023$2,432 
Schedule of Intangible Assets
Intangible assets, net consisted of the following as of December 31, 2022 (in millions):
Weighted-average
Remaining Useful
Life (in years)
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Existing technology5.3$236 $(88)$148 
Merchant relationships10.0294 (26)268 
Courier relationships0.412 (7)5 
Customer relationships2.4119 (30)89 
Trade name and trademarks9.4277 (22)255 
Balance as of December 31, 2022$938 $(173)$765 
Intangible assets, net consisted of the following as of December 31, 2023 (in millions):
Weighted-average
Remaining Useful
Life (in years)
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Existing technology4.3$241 $(117)$124 
Merchant relationships9.1302 (56)246 
Courier relationships—12 (12)— 
Customer relationships1.4123 (69)54 
Trade name and trademarks8.4286 (51)235 
Balance as of December 31, 2023$964 $(305)$659 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The estimated future amortization expense of intangible assets as of December 31, 2023 was as follows (in millions):
Year Ending December 31,
Amortization
Expense
2024$125 
2025100 
202682 
202780 
202864 
Thereafter208 
Total estimated future amortization expense$659