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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 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 |  | June 30, 2025
Goodwill | $ | 4,269 |  |  | $ | 72 |  |  | $ | 45 |  |  | $ | 4,386 |
Goodwill acquired during the six months ended June 30, 2025 relates to the acquisition of Caramel, an end-to-end online automotive transaction solution provider. The measurement period relating to the acquisition of Caramel ends in February 2026. The adjustments to goodwill for the six months ended June 30, 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):
| June 30, 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 | $ | 258 |  |  | $ | (215) |  |  | $ | 43 |  |  | 7 |  | $ | 246 |  |  | $ | (200) |  |  | $ | 46 |  |  | 8
Marketing related | 103 |  |  | (67) |  |  | 36 |  |  | 7 |  | 101 |  |  | (63) |  |  | 38 |  |  | 7
Developed technologies | 270 |  |  | (219) |  |  | 51 |  |  | 4 |  | 239 |  |  | (205) |  |  | 34 |  |  | 4
All other | 158 |  |  | (157) |  |  | 1 |  |  | 3 |  | 158 |  |  | (157) |  |  | 1 |  |  | 3
Total | $ | 789 |  |  | $ | (658) |  |  | $ | 131 |  |  |  |  | $ | 744 |  |  | $ | (625) |  |  | $ | 119 |  |  |
Amortization expense for intangible assets was $13 million and $25 million for the three and six months ended June 30, 2025, respectively, compared to $9 million and $17 million, respectively, during the same periods in 2024. The following table presents expected future intangible asset amortization as of the date indicated (in millions):
|  | June 30, 2025
Remaining 2025 |  | $ | 25 |
2026 |  | 42 |
2027 |  | 37 |
2028 |  | 9 |
2029 |  | 7 |
Thereafter |  | 11 |
Total |  | $ | 131 |

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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 + Details
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