The changes in the carrying amount of goodwill during the six months ended June 30, 2026 were as follows (in millions):


	Total

Balance as of December 31, 2025	$	5,519
Goodwill measurement period adjustments	41
Acquisition	34
Effects of foreign currency translation	(99)
Balance as of June 30, 2026	$	5,495

Intangible assets, net consisted of the following as of December 31, 2025 (in millions):


	Weighted-average Remaining Useful Life (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value

Existing technology	3.1	$	622	$	(222)	$	400
Merchant relationships	9.3	854		(122)		732
Rider relationships	1.8	14		(2)		12
Customer relationships	6.5	798		(169)		629
Trade name and trademarks	8.4	602		(119)		483
Assembled workforce in asset acquisitions	1.3	10		(6)		4
Balance as of December 31, 2025		$	2,900	$	(640)	$	2,260


	Weighted-average Remaining Useful Life (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value

Existing technology	2.8	$	620	$	(301)	$	319
Merchant relationships	8.9	836		(160)		676
Rider relationships	1.3	13		(5)		8
Customer relationships	6.2	787		(230)		557
Trade name and trademarks	7.9	589		(146)		443
Assembled workforce in asset acquisitions	0.8	10		(8)		2
Balance as of June 30, 2026		$	2,855	$	(850)	$	2,005

Amortization expense associated with intangible assets was $32 million and $114 million for the three months ended June 30, 2025 and 2026, respectively. Amortization expense associated with intangible assets was $63 million and $228 million for the six months ended June 30, 2025 and 2026, respectively.

The estimated future amortization expense of intangible assets as of June 30, 2026 is as follows (in millions):


Year Ending December 31,	Amortization Expense

Remainder of 2026	$	226
2027	420
2028	312
2029	263
2030	171
Thereafter	613
Total estimated future amortization expense	$	2,005