v3.19.3

Investments and Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Marketable and Non-Marketable Securities

The Company’s investments on the condensed consolidated balance sheets consisted of the following as of December 31, 2018 and September 30, 2019 (in millions):

		As of
		December 31, 2018				September 30, 2019
Classified as cash and cash equivalents:
Marketable equity securities:
Money market funds		$	268			$	6,039
Classified as restricted cash and cash equivalents
Marketable equity securities:
Money market funds		$	1,237			$	1,595
Classified as investments:
Non-marketable equity securities:
Didi		$	7,953			$	7,953
Other		32				93
Debt securities:
Grab (1)		2,328				2,332
Other (2)		42				34
Investments		$	10,355			$	10,412

⁽¹⁾ Recorded at fair value with changes in fair value recorded in other comprehensive income (loss), net of tax.

⁽²⁾ Recorded at fair value with changes in fair value recorded in earnings due to the election of the fair value option of accounting for financial instruments.

Schedule of Amortized Cost and Fair Value of Debt Security with Contractual Maturity Dates

The following table summarizes the amortized cost and fair value of the Company’s debt securities with a stated contractual maturity or redemption date as of December 31, 2018 and September 30, 2019 (in millions):

	As of December 31, 2018								As of September 30, 2019
	Amortized Cost				Fair Value				Amortized Cost				Fair Value
Within one year	$	—			$	—			$	—			$	—
One year through five years	2,275				2,328				2,279				2,332
Total	$	2,275			$	2,328			$	2,279			$	2,332

Schedule of Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in millions):

	As of December 31, 2018																As of September 30, 2019
	Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3				Total
Financial Assets
Cash and cash equivalents:
Money market funds	$	268			$	—			$	—			$	268			$	6,039			$	—			$	—			$	6,039
Restricted cash and cash equivalents:
Money market funds	1,237				—				—				1,237				1,595				—				—				1,595
Investments:
Debt securities	—				—				2,370				2,370				—				—				2,366				2,366
Non-marketable equity securities	—				—				—				—				—				—				87				87
Total financial assets	$	1,505			$	—			$	2,370			$	3,875			$	7,634			$	—			$	2,453			$	10,087
Financial Liabilities
Accrued and other current liabilities:
Other	$	—			$	—			$	9			$	9			$	—			$	—			$	27			$	27
Other long-term liabilities:
Warrants	—				—				52				52				—				—				—				—
Embedded derivatives	—				—				2,018				2,018				—				—				—				—
Total financial liabilities	$	—			$	—			$	2,079			$	2,079			$	—			$	—			$	27			$	27

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The following table summarizes the amortized cost, unrealized gains and losses, and fair value of the Company’s debt securities at fair value on a recurring basis as of December 31, 2018 and September 30, 2019 (in millions):

	As of December 31, 2018																As of September 30, 2019
	Amortized Cost				Unrealized Gains				Unrealized Losses				Fair Value				Amortized Cost				Unrealized Gains				Unrealized Losses				Fair Value
Investments:
Debt securities	$	2,305			$	65			$	—			$	2,370			$	2,309			$	57			$	—			$	2,366
Total	$	2,305			$	65			$	—			$	2,370			$	2,309			$	57			$	—			$	2,366

Schedule of Fair Value Assumptions on Significant Unobservable Inputs

The following table summarizes information about the significant unobservable inputs used in the fair value measurement for the Company’s investment in Grab as of December 31, 2018 and September 30, 2019:

Fair value method		Relative weighting		Key unobservable input
Financing transactions		100%		Transaction price per share		$6.16

Schedule of Reconciliation Using Significant Unobservable Inputs, Assets

The following table presents a reconciliation of the Company’s financial assets measured and recorded at fair value on a recurring basis as of September 30, 2019, using significant unobservable inputs (Level 3) (in millions):

		Debt Securities				Non-marketable Equity Security
Balance as of December 31, 2018		$	2,370			$	—
Total net gains (losses)
Included in earnings		(8		)		(12		)
Included in other comprehensive income (loss)		—				—
Purchases (1)		4				11
Transfers (2)		—				88
Balance as of September 30, 2019		$	2,366			$	87

⁽¹⁾ Purchases in non–marketable equity security include warrants to purchase shares of a private company that vest as certain performance criteria are met during the period.

⁽²⁾ Transfers include a non-marketable equity security that was previously measured at fair value on a non-recurring basis as of June 30, 2019 for which the Company elected to apply the fair value option during the three months ended September 30, 2019. This includes $22 million of gains included in earnings and $35 million of warrants vested during the six months ended June 30, 2019

Schedule of Reconciliation Using Significant Unobservable Inputs, Liabilities

The following table presents a reconciliation of the Company’s financial liabilities measured at fair value as of September 30, 2019 using significant unobservable inputs (Level 3), and the change in fair value recorded in other income (expense), net in the condensed consolidated statements of operations (in millions):

		Warrants				Convertible Debt Embedded Derivative
Balance as of December 31, 2018		$	52			$	2,018
Vesting of share warrants		1				—
Exercise of vested share warrants		(53		)		—
Change in fair value		—				(58		)
Settlement of derivative liability		—				(1,960		)
Balance as of September 30, 2019		$	—			$	—

Schedule of Securities without Readily Determinable Fair Value

The following is a summary of unrealized gains and losses from remeasurement (referred to as upward or downward adjustments) recorded in other income (expense), net in the condensed consolidated statements of operations, and included as adjustments to the carrying value of non-marketable equity securities held during the three and nine months ended September 30, 2018 and 2019 based on the selling price of newly issued shares of similar preferred stock to new investors using the common stock equivalent valuation method and adjusted for any applicable differences in conversion rights (in millions):

		Three Months Ended September 30,								Nine Months Ended September 30,
		2018				2019				2018				2019
Upward adjustments		$	—			$	—			$	1,984			$	22
Downward adjustments (including impairment)		—				—				—				—
Total unrealized gain for non-marketable equity securities		$	—			$	—			$	1,984			$	22

The following table summarizes the total carrying value of the Company’s non-marketable equity securities measured at fair value on a non-recurring basis held as of December 31, 2018 and September 30, 2019 including cumulative unrealized upward and downward adjustments made to the initial cost basis of the securities (in millions):

		As of
		December 31, 2018				September 30, 2019
Initial cost basis		$	6,001			$	5,975
Upward adjustments		1,984				1,984
Downward adjustments (including impairment)		—				—
Total carrying value at the end of the period		$	7,985			$	7,959

X

- Definition

Marketable And Non-Marketable Securities [Table Text Block]

+ References

No definition available.

+ Details

Name:	uber_MarketableAndNonMarketableSecuritiesTableTextBlock
Namespace Prefix:	uber_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investment in equity security without readily determinable fair value.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 321
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=116654751&loc=SL75117539-209714

+ Details

Name:	us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration