Prepaid expenses and other current assets were as follows (in millions):


	As of December 31,
	2023		2024
Prepaid expenses	$	400	$	415
Other receivables	717		482
Other	564		493
Prepaid expenses and other current assets	$	1,681	$	1,390

Accrued and other current liabilities were as follows (in millions):


	As of December 31,
	2023		2024
Accrued legal, regulatory and non-income taxes	$	1,044	$	1,533
Accrued Drivers and Merchants liability	1,996		1,421
Accrued compensation and employee benefits	710		649
Income and other tax liabilities	684		751


Current portion of long-term debt	25		1,150
Other	1,938		2,185
Accrued and other current liabilities	$	6,397	$	7,689

Other long-term liabilities were as follows (in millions):


	As of December 31,
	2023		2024
Deferred tax liabilities	$	56	$	9
Other	589		440
Other long-term liabilities	$	645	$	449

The changes in composition of accumulated other comprehensive income (loss), net of tax, for the 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, 2021	$	(524)	$	—	$	(524)
Other comprehensive income before reclassifications	81		—		81
Amounts reclassified from accumulated other comprehensive income	—		—		—
Other comprehensive income (loss)	81		—		81
Balance as of December 31, 2022	$	(443)	$	—	$	(443)


	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax		Total
Balance as of December 31, 2022	$	(443)	$	—	$	(443)
Other comprehensive income before reclassifications	(123)		5		(118)
Amounts reclassified from accumulated other comprehensive income (1)	140		—		140
Other comprehensive income (loss)	17		5		22
Balance as of December 31, 2023	$	(426)	$	5	$	(421)

(1) The amounts were reported as part of the loss from the sale of our remaining interest in MLU B.V., which was recorded in other income (expense), net in our consolidated statement of operations during the year ended December 31, 2023. Refer to Note 4 - Equity Method Investments for further information.


	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax		Total
Balance as of December 31, 2023	$	(426)	$	5	$	(421)
Other comprehensive income before reclassifications	(95)		(1)		(96)
Amounts reclassified from accumulated other comprehensive income	—		—		—
Other comprehensive income (loss)	(95)		(1)		(96)
Balance as of December 31, 2024	$	(521)	$	4	$	(517)

The components of other income (expense), net were as follows (in millions):


	Year Ended December 31,
	2022		2023		2024
Interest income	$	139	$	484	$	721
Foreign currency exchange gains (losses), net	(147)		(182)		(391)
Gain on business divestitures, net (1)	14		204		—
Loss from sale of investments (2)	—		(74)		—
Unrealized gain (loss) on debt and equity securities, net (3)	(7,045)		1,610		1,832

Impairment of equity method investment (4)	(182)		—		—
Revaluation of MLU B.V. call option (5)	191		—		—
Acquisition termination fee (6)	—		—		(236)
Other, net	1		(198)		(77)
Other income (expense), net	$	(7,029)	$	1,844	$	1,849

(1) During the year ended December 31, 2023, gain on business divestitures, net represented a $204 million gain on the sale of interest in Careem Technologies. Refer to Note 17 – Divestitures for further information.

(3) During the year ended December 31, 2022, unrealized gain (loss) on debt and equity securities, net represents changes in the fair value of our equity securities, primarily including: a $3.0 billion net unrealized loss on our Aurora investments, a $2.1 billion net unrealized loss on our Grab investment, a $1.0 billion net unrealized loss on our Didi investment, a $747 million change of fair value on our Zomato investment, as well as a $142 million net unrealized loss on our other investments in securities accounted for under the fair value option.

During the year ended December 31, 2023, unrealized gain (loss) on debt and equity securities, net represents changes in the fair value of our equity securities, primarily including: a $985 million net unrealized gain on our Aurora investment, a $443 million net unrealized gain on our Didi investment, a $84 million net unrealized gain on our Joby investment, and a $80 million net unrealized gain on our Grab investment.

During the year ended December 31, 2024, unrealized gain (loss) on debt and equity securities, net represents changes in the fair value of our equity securities, primarily including: a $723 million net unrealized gain on our Grab investment, a $629 million net unrealized gain on our Aurora investment, and a $357 million net unrealized gain on our Didi investment. Refer to Note 3 – Investments and Fair Value Measurement for further information.

(4) During the year ended December 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.

(5) During the year ended December 31, 2022, revaluation of MLU B.V. call option represents a $191 million net gain for the change in fair value of the call option granted to Yandex. Refer to Note 4 – Equity Method Investments for further information.

(6) Refer to Note 1 – Description of Business and Summary of Significant Accounting Policies for further information on Foodpanda Taiwan.