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Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The following table presents goodwill activity for the period indicated (in millions):

			December 31, 2024						Goodwill Acquired						Adjustments						March 31, 2025
Goodwill			$	4,269					$	67					$	21					$	4,357

Goodwill acquired during the three months ended March 31, 2025 relates to the acquisition of Caramel, an end-to-end online automotive transaction solution provider. The adjustments to goodwill for the three months ended March 31, 2025 were primarily due to foreign currency translation.

Intangible Assets

Intangible assets are reported within “Other assets” in our condensed consolidated balance sheets. The following table presents components of identifiable intangible assets as of the dates indicated (in millions, except years):

			March 31, 2025																								December 31, 2024
			Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Weighted Average Useful Life (Years)						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Weighted Average Useful Life (Years)
Intangible assets:
Customer lists and user base			$	255					$	(207)					$	48					7						$	246					$	(200)					$	46					8
Marketing related			103						(65)						38						7						101						(63)						38						7
Developed technologies			270						(211)						59						4						239						(205)						34						4
All other			158						(157)						1						3						158						(157)						1						3
Total			$	786					$	(640)					$	146											$	744					$	(625)					$	119

Amortization expense for intangible assets was $12 million and $8 million for the three months ended March 31, 2025 and 2024, respectively.

The following table presents expected future intangible asset amortization as of the date indicated (in millions):

						March 31, 2025
Remaining 2025						$	38
2026						42
2027						37
2028						9
2029						7
Thereafter						13
Total						$	146

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- References

No definition available.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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