Redeemable Noncontrolling Interests

12 Months Ended

Dec. 31, 2022

Temporary Equity Disclosure [Abstract]

Redeemable Noncontrolling Interests

20. REDEEMABLE NONCONTROLLING INTERESTS

	2020		2021			2022			2022
	RMB		RMB			RMB			US$
	(In millions)
Balance as of January 1		1,109		3,102			7,148			1,036
Issuance of subsidiary shares		1,866		4,722			1,208			175
Accretion of redeemable noncontrolling interests		127		391			593			86
Disposal of subsidiaries’ shares		—		—			(556	)		(80	)
Reclassification of ordinary shares from mezzanine equity to ordinary shares		—		(153	)		—			—
Repurchase of redeemable noncontrolling interests		—		(914	)		—			—
Balance as of December 31		3,102		7,148			8,393			1,217

In 2021 and 2022, SLG issued 62,697,683 and 5,639,407, respectively, preferred shares to certain non-controlling shareholders, which could be redeemed by such shareholders upon the occurrence of certain events that are not solely within the control of the Company. Therefore, these preferred shares were accounted for as redeemable noncontrolling interests.

In 2021 and 2022, Baidu Kunlun issued 1,897,800 and 1,068,363, respectively, preferred shares to certain non-controlling shareholders, which could be redeemed by such shareholders upon the occurrence of certain events that are not solely within the control of the Company. Therefore, these preferred shares were accounted for as redeemable noncontrolling interests.

The Company also have other subsidiaries or VIEs that have issued preferred shares which were accounted for as redeemable noncontrolling interests. As of December 31, 2022, those redeemable noncontrolling interests were insignificant.

The Company accounts for the changes in accretion to the redemption value in accordance with ASC Topic 480, Distinguishing Liabilities from Equity. The Company elects to use the effective interest method to account for the changes of redemption value over the period from the date of issuance to the earliest redemption date of the noncontrolling interest.