Redeemable Noncontrolling Interests

12 Months Ended

Dec. 31, 2023

Temporary Equity Disclosure [Abstract]

20.	REDEEMABLE NONCONTROLLING INTERESTS


	2021			2022			2023		2023
	RMB			RMB			RMB		US$
	(In millions)
Balance as of January 1		3,102			7,148			8,393		1,182
Issuance of subsidiary shares		4,722			1,208			351		49
Accretion of redeemable noncontrolling interests		391			593			721		102
Disposal of subsidiaries’ shares		—			(556	)		—		—
Reclassification of ordinary shares from mezzanine equity to ordinary shares		(153	)		—			—		—
Repurchase of redeemable noncontrolling interests		(914	)		—			—		—

Balance as of December 31		7,148			8,393			9,465		1,333

In 2021 and 2022, SLG issued 62,697,683 and 5,639,407, respectively, preferred shares to certain

non-controlling

shareholders, which could be redeemed by such shareholders upon the occurrence of certain events that are not solely within the control of the Company. Therefore, these preferred shares were accounted for as redeemable noncontrolling interests.

In 2021, 2022 and 2023, Baidu Kunlun issued 1,897,800, 1,068,363 and 407,103, respectively, preferred shares to certain

non-controlling

The Company also have other subsidiaries or VIEs that have issued preferred shares which were accounted for as redeemable noncontrolling interests. As of December 31, 2023, those redeemable noncontrolling interests were insignificant.

The Company accounts for the changes in accretion to the redemption value in accordance with ASC Topic 480,

Distinguishing Liabilities from Equity.

The Company elects to use the effective interest method to account for the changes of redemption value over the period from the date of issuance to the earliest redemption date of the noncontrolling interest.