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Non-Controlling Interests | 6 Months Ended
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Jun. 30, 2021
Noncontrolling Interest [Abstract] |
Non-Controlling Interests | Note 14 – Non-Controlling Interests Freight Holding As of December 31, 2020 and June 30, 2021, we owned 85% of the issued and outstanding capital stock of our subsidiary Uber Freight Holding Corporation (“Freight Holding”), or 79% on a fully-diluted basis if all shares reserved for issuance under our Freight Holding employee incentive plan were issued and outstanding. The minority stockholders of Freight Holding include: (i) holders of Freight Holding’s Series A Preferred Stock; (ii) holders of common equity awards issued under the employee equity incentive plans; and (iii) employees who hold fully vested shares. Cornershop As of December 31, 2020 and June 30, 2021, we owned 55% and 57% of the outstanding membership interests in the issued and outstanding capital stock of CS-Global, respectively, or 52% on a fully-diluted basis. In December 2020, we received approval from Mexico’s antitrust regulator to complete the CS-Mexico transaction. On January 11, 2021, CS-Global exercised a call option and acquired 100% of the outstanding equity interest in CS-Mexico, which increased their redeemable non-controlling interest. We own 57% of CS-Mexico through our ownership interest in CS-Global. On June 18, 2021, we reached an agreement with the minority shareholders of Cornershop to acquire their interests in Cornershop in an all-stock transaction ("Acquisition Agreement"). Following the transaction, Cornershop will become a wholly-owned subsidiary of ours. The minority shareholders will receive approximately 30 million shares of our common stock, including shares issued for assumed outstanding stock options, subject to certain adjustments set forth in the agreement. The non-controlling interest was remeasured to its latest redemption value, which was equal to the purchase price of $1.3 billion, based on our stock price on June 18, 2021. Upon signing of the Acquisition Agreement, the Cornershop non-controlling interest was assessed to be not probable of redemption and, therefore, was not adjusted to the redemption value as of June 30, 2021. As of December 31, 2020 and June 30, 2021, Cornershop’s financial results are consolidated in our condensed consolidated financial statements given our majority ownership interest. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2021. Divestiture of ATG Business to Aurora On January 19, 2021, we completed the previously announced sale of our ATG Business to Aurora. As a result, our controlling interest and the non-controlling interests in the ATG Business were settled and ownership of the ATG Business transferred to Aurora. We derecognized the carrying value of non-controlling interests in the ATG Business of $1.1 billion, which included Toyota Motor North America, Inc. and DENSO International America, Inc. non-redeemable non-controlling interests of $701 million and SVF Yellow (USA) Corporation’s (or “Softbank’s”) redeemable non-controlling interests of $356 million. Refer to Note 16 – Divestiture for further information.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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