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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 5 – Goodwill and Intangible Assets Goodwill The following table presents the changes in the carrying value of goodwill by reportable segment for the six months ended June 30, 2021 (in millions):
|  | Mobility |  | Delivery |  | Freight |  | Total Goodwill
Balance as of December 31, 2020 |  | $ | 2,562 |  |  | $ | 3,547 |  |  | $ | — |  |  | $ | 6,109 |
Acquisitions |  | 98 |  |  | 53 |  |  | — |  |  | 151 |
Measurement period adjustment (1) |  | — |  |  | 183 |  |  | — |  |  | 183 |
Foreign currency translation adjustment |  | 6 |  |  | (1) |  |  | — |  |  | 5 |
Balance as of June 30, 2021 |  | $ | 2,666 |  |  | $ | 3,782 |  |  | $ | — |  |  | $ | 6,448 |
(1) Refer to Note 15 – Business Combinations. Intangible Assets The components of intangible assets, net as of December 31, 2020 and June 30, 2021 were as follows (in millions, except years):
|  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted Average Remaining Useful Life - Years
December 31, 2020 |  |  |  |  |  |  |  |
Rider and Merchant relationships |  | $ | 1,007 |  |  | $ | (81) |  |  | $ | 926 |  |  | 8
Developed technology |  | 529 |  |  | (69) |  |  | 460 |  |  | 2
Trade names and trademarks |  | 183 |  |  | (16) |  |  | 167 |  |  | 7
Patents |  | 15 |  |  | (6) |  |  | 9 |  |  | 8
Other |  | 5 |  |  | (3) |  |  | 2 |  |  | 0
Intangible assets |  | $ | 1,739 |  |  | $ | (175) |  |  | $ | 1,564 |  |  |
|  | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net Carrying Value |  | Weighted Average Remaining Useful Life - Years
June 30, 2021 |  |  |  |  |  |  |  |  |  |
Rider and Merchant relationships |  | $ | 1,051 |  |  | $ | (172) |  |  |  |  | $ | 879 |  |  | 4
Developed technology |  | 492 |  |  | (158) |  |  |  |  | 334 |  |  | 2
Trade names and trademarks |  | 184 |  |  | (30) |  |  |  |  | 154 |  |  | 6
Patents |  | 15 |  |  | (6) |  |  |  |  | 9 |  |  | 7
Other |  | 5 |  |  | (3) |  |  |  |  | 2 |  |  | 0
Intangible assets |  | $ | 1,747 |  |  | $ | (369) |  |  |  |  | $ | 1,378 |  |  |
Amortization expense for intangible assets subject to amortization was $25 million and $104 million for the three months ended June 30, 2020 and 2021, respectively. Amortization expense for intangible assets subject to amortization was $53 million and $196 million for the six months ended June 30, 2020 and 2021, respectively. The estimated aggregate future amortization expense for intangible assets subject to amortization as of June 30, 2021 is summarized below (in millions):
|  | Estimated Future Amortization Expense
Year Ending December 31, |  |
Remainder of 2021 |  | $ | 208 |
2022 |  | 359 |
2023 |  | 199 |
2024 |  | 152 |
2025 |  | 132 |
Thereafter |  | 315 |
Total |  | $ | 1,365 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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