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Supplemental Financial Statement Information | 3 Months Ended
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Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Financial Statement Information | Note 7 – Supplemental Financial Statement Information Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets were as follows (in millions):
|  | As of
|  | December 31, 2021 |  | March 31, 2022
Prepaid expenses |  | $ | 459 |  |  | $ | 355 |
Other receivables |  | 553 |  |  | 615 |
Other |  | 442 |  |  | 492 |
Prepaid expenses and other current assets |  | $ | 1,454 |  |  | $ | 1,462 |
Accrued and Other Current Liabilities Accrued and other current liabilities were as follows (in millions):
|  | As of
|  | December 31, 2021 |  | March 31, 2022
Accrued legal, regulatory and non-income taxes |  | $ | 2,187 |  |  | $ | 2,066 |
Accrued Drivers and Merchants liability |  | 1,187 |  |  | 1,222 |
Income and other tax liabilities |  | 376 |  |  | 393 |
Commitment to issue unsecured convertible notes in connection with Careem acquisition |  | 238 |  |  | 234 |
Other |  | 2,549 |  |  | 2,251 |
Accrued and other current liabilities |  | $ | 6,537 |  |  | $ | 6,166 |
Other Long-Term Liabilities Other long-term liabilities were as follows (in millions):
|  | As of
|  | December 31, 2021 |  | March 31, 2022
Deferred tax liabilities |  | $ | 365 |  |  | $ | 91 |
Other |  | 570 |  |  | 588 |
Other long-term liabilities |  | $ | 935 |  |  | $ | 679 |
Accumulated Other Comprehensive Income (Loss) The changes in composition of accumulated other comprehensive income (loss), net of tax, were as follows (in millions):
|  | Foreign Currency Translation Adjustments |  | Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax |  | Total
Balance as of December 31, 2020 |  | $ | (581) |  |  | $ | 46 |  |  | $ | (535) |
Other comprehensive income (loss) before reclassifications (1) |  | 33 |  |  | 1,156 |  |  | 1,189 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | — |  |  | — |  |  | — |
Other comprehensive income (loss) |  | 33 |  |  | 1,156 |  |  | 1,189 |
Balance as of March 31, 2021 |  | $ | (548) |  |  | $ | 1,202 |  |  | $ | 654 |
(1) During the three months ended March 31, 2021, unrealized gains on available-for-sale securities, net of tax relates to pre-tax unrealized gains of $1.3 billion for the change in fair value of our investment in Grab. To determine the fair value of our investment in Grab as of March 31, 2021, we utilized a hybrid approach, incorporating a CSE method along with an OPM. The CSE method assumes an if-converted scenario (for example an initial public offering (“IPO”) or a special purpose acquisition company transaction), where the OPM approach allocates equity value to individual securities within the investees’ capital structure based on contractual rights and preferences.
|  | Foreign Currency Translation Adjustments |  | Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax |  | Total
Balance as of December 31, 2021 |  | $ | (524) |  |  | $ | — |  |  | $ | (524) |
Other comprehensive income (loss) before reclassifications |  | 19 |  |  | — |  |  | 19 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | — |  |  | — |  |  | — |
Other comprehensive income (loss) |  | 19 |  |  | — |  |  | 19 |
Balance as of March 31, 2022 |  | $ | (505) |  |  | $ | — |  |  | $ | (505) |
Other Income (Expense), Net The components of other income (expense), net were as follows (in millions):
|  | Three Months Ended March 31, |  |
|  | 2021 |  | 2022 |  |  |  |
Interest income |  | $ | 5 |  |  | $ | 11 |  |  |  |  |
Foreign currency exchange gains (losses), net |  | (25) |  |  | 10 |  |  |  |  |
Gain on business divestiture (1) |  | 1,684 |  |  | — |  |  |  |  |
Unrealized gain (loss) on debt and equity securities, net (2) |  | 63 |  |  | (5,570) |  |  |  |  |
Impairment of equity method investment (3) |  | — |  |  | (182) |  |  |  |  |
Revaluation of MLU B.V. call option (4) |  | — |  |  | 181 |  |  |  |  |
Other, net |  | (17) |  |  | (7) |  |  |  |  |
Other income (expense), net |  | $ | 1,710 |  |  | $ | (5,557) |  |  |  |  |
(1) During the three months ended March 31, 2021, gain on business divestiture primarily represents a $1.6 billion gain on the sale of Apparate USA LLC (“Apparate” or the “ATG Business”) to Aurora Innovation, Inc. (“Aurora”) in January 2021. Refer to Note 15 – Divestiture for further information. (2) During the three months ended March 31, 2022, unrealized loss on debt and equity securities, net primarily represents changes in the fair value of our marketable equity securities, including: a $1.9 billion unrealized loss on our Grab investment; a $1.7 billion unrealized loss on our Aurora investments; a $1.4 billion unrealized loss on our Didi investment; and a $462 million unrealized loss on our Zomato investment. (3) During the three months ended March 31, 2022, impairment of equity method investment, represents a $182 million impairment loss recorded on our MLU B.V. equity method investment. Refer to Note 4 – Equity Method Investments for further information. (4) During the three months ended March 31, 2022, revaluation of MLU B.V. call option represents a $181 million gain for the change in fair value of the call option granted to Yandex (“MLU B.V. Call Option”). Refer to Note 4 – Equity Method Investments for further information.

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