v3.24.3
Goodwill and Intangible Assets, Net
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
The changes in the carrying amount of goodwill during the nine months ended September 30, 2024 were as follows (in millions):
Total
Balance as of December 31, 2023$2,432 
Effects of foreign currency translation28 
Balance as of September 30, 2024$2,460 
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 September 30, 2024 (in millions):
Weighted-average
Remaining Useful
Life (in years)		Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value
Existing technology3.6$242 $(139)$103 
Merchant relationships8.5304 (79)225 
Customer relationships0.7124 (99)25 
Trade name and trademarks7.6289 (73)216 
Assembled workforce in asset acquisition2.510 (2)8 
Balance as of September 30, 2024$969 $(392)$577 
Amortization expense associated with intangible assets was $30 million and $32 million for the three months ended September 30, 2023 and 2024, respectively. Amortization expense associated with intangible assets was $97 million and $94 million for the nine months ended September 30, 2023 and 2024, respectively.
The estimated future amortization expense of intangible assets as of September 30, 2024 is as follows (in millions):
Year Ending December 31,Amortization
Expense
Remainder of 2024$32 
2025105 
202686 
202781 
202865 
Thereafter208 
Total estimated future amortization expense$577