Gain (Loss) on Equity Investments and Warrant, net and Interest and Other, Net

12 Months Ended

Dec. 31, 2021

Nonoperating Income (Expense) [Abstract]

Gain (Loss) on Equity Investments and Warrant, net and Interest and Other, Net

Gain (Loss) on Equity Investments and Warrant, Net and Interest and Other, Net

The following table presents components of gain (loss) on equity investments and warrant, net for the periods indicated (in millions):

	Year Ended December 31,
	2021		2020		2019
Change in fair value of equity investment in Adevinta	$	(3,070)	$	—	$	—
Gain (loss) on sale of shares in Adevinta (1)	9		—		—
Change in fair value of warrant	354		770		133
Change in fair value of equity investment in Adyen	(10)		—		—
Change in fair value of equity investment in KakaoBank	403		239		—
Gain (loss) on sale of shares in KakaoBank	83		—		—
Impairment of equity investment in Paytm Mall	(160)		—		—
Gain (loss) on other investments (2)	26		(2)		—
Total gain (loss) on equity investments and warrant, net	$	(2,365)	$	1,007	$	133

(1)Gain (loss) on sale of shares in Adevinta included an $88 million gain recognized on the sale of the shares offset by a $79 million loss from the change in fair value of the shares sold through the date of sale.

(2)Gain (loss) on other investments primarily included: (i) in 2021, primarily a $41 million upward adjustment and a $10 million impairment recorded on equity investments without readily determinable fair values; (ii) in 2020, primarily a $40 million impairment recorded on an investment and a $37 million gain for the receipt of proceeds that were held in escrow related to a long-term investment that was sold in 2018.

The following table presents components of interest and other, net for the periods indicated (in millions):

	Year Ended December 31,
	2021		2020		2019
Interest income	$	19	$	38	$	112
Interest expense	(269)		(304)		(311)
Foreign exchange and other	90		(32)		(52)
Total interest and other, net	$	(160)	$	(298)	$	(251)