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Acquisitions Business Combination
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Business Combination Disclosure Acquisitions
In 2024, the Company acquired businesses for total cash consideration of $2.8 billion. In December 2024, Mastercard acquired a 100% equity interest in RF Ultimate Parent, Inc. (“Recorded Future”), a global threat intelligence company, for cash consideration of $2.7 billion. This acquisition is expected to add threat intelligence capabilities to Mastercard’s identity, fraud prevention, real-time decisioning and cybersecurity services. The net assets acquired primarily relate to intangible assets, including goodwill of $1.7 billion that is primarily attributable to the synergies expected to arise after the acquisition date. None of the goodwill is expected to be deductible for local tax purposes.
In 2023, the Company did not complete any material business acquisitions.
In 2022, Mastercard acquired a 100% equity interest in Dynamic Yield LTD (“Dynamic Yield”) for cash consideration of $325 million. The net assets acquired primarily relate to intangible assets, including goodwill of $200 million that is primarily attributable to the synergies expected to arise after the acquisition date. None of the goodwill is expected to be deductible for local tax purposes.
These acquisitions align with the Company’s strategy to grow, diversify and build the Company’s business. Refer to Note 1 (Summary of Significant Accounting Policies) for the valuation techniques Mastercard utilizes to fair value the respective components of business combinations.
The Company is evaluating and finalizing the purchase accounting for the businesses acquired during 2024. In 2023, the Company finalized the purchase accounting for the business acquired during 2022. The fair values of the purchase price allocations in aggregate, as of the acquisition dates, are noted below for the years ended December 31.
202420232022
(in millions)
Assets:
Cash and cash equivalents$270 **$11 
Prepaid expenses and other current assets
79 **7 
Goodwill1,736 **200 
Other intangible assets, net
1,361 **125 
Other assets20 **9 
Total assets3,466 **352 
Liabilities:
Other current liabilities413 **15 
Deferred income taxes 207 **3 
Other liabilities65 **9 
Total liabilities685 **27 
Net assets acquired$2,781 
**
$325 
** No material business acquisitions completed in 2023.
The following table summarizes the identified intangible assets acquired during the years ended December 31:
202420232022202420232022
Acquisition Date Fair ValueWeighted-Average Useful Life
(in millions)(in years)
Developed technologies$530 **$100 8.9**7.8
Customer relationships781 **25 15.0**17.0
Other
50 **— 9.0**—
Other intangible assets, net
$1,361 **$125 12.4**9.6
** No material business acquisitions completed in 2023.
Proforma information related to these acquisitions was not included because the impact on the Company's consolidated results of operations was not considered to be material.