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

12 Months Ended

Dec. 31, 2021

Nonoperating Income (Expense) [Abstract]

Components of gain (loss) on equity investments and warrant, 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.

Components of interest and other, net

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)