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Goodwill and Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill during the three months ended March 31, 2024 were as follows (in millions):
Total
Balance as of December 31, 2023$2,432 
Effects of foreign currency translation(46)
Balance as of March 31, 2024$2,386 
Schedule of Intangible Assets
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 
Intangible assets, net consisted of the following as of March 31, 2024 (in millions):
Weighted-average
Remaining Useful
Life (in years)
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Existing technology4.1$236 $(123)$113 
Merchant relationships8.9295 (62)233 
Customer relationships1.2120 (77)43 
Trade name and trademarks8.1279 (57)222 
Assembled workforce in asset acquisition3.010 — 10 
Balance as of March 31, 2024$940 $(319)$621 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The estimated future amortization expense of intangible assets as of March 31, 2024 is as follows (in millions):
Year Ending December 31,Amortization
Expense
Remainder of 2024$94 
2025101 
202683 
202779 
202863 
Thereafter201 
Total estimated future amortization expense$621