Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2024

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, 2023		Goodwill Acquired		Adjustments		March 31, 2024
Goodwill	$	4,267	$	—	$	(32)	$	4,235

The adjustments to goodwill during the three months ended March 31, 2024 were primarily due to foreign currency translation.

Intangible Assets

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

	March 31, 2024							December 31, 2023
	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	$	241	$	(202)	$	39	8	$	245	$	(203)	$	42	8
Marketing related	79		(58)		21		6	79		(58)		21		6
Developed technologies	239		(195)		44		4	240		(191)		49		4
All other	158		(156)		2		3	159		(157)		2		3
Total	$	717	$	(611)	$	106		$	723	$	(609)	$	114

Amortization expense for intangible assets was $8 million for the three months ended March 31, 2024 compared to $10 million during the same period in 2023.

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

	March 31, 2024
Remaining 2024	$	27
2025	32
2026	22
2027	25
Total	$	106