Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Finite-Lived Intangible Assets

The following summarizes our finite-lived intangible assets, net:

(in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
December 31, 2024
Trademarks(1)	$	183	$	(46)	$	137
Customer relationships(1)	34		(6)		28
Developed technology and other(1)	109		(21)		88
Total	$	326	$	(73)	$	253

(in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
December 31, 2023
Trademarks	$	8	$	(4)	$	4
Developed technology and other	22		(5)		17
Total	$	30	$	(9)	$	21

(1)Includes intangible assets acquired in the Farfetch Acquisition. See Note 16 — "Business Combinations - Farfetch".

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2024, future amortization expense is expected to be as follows:

(in millions)	Amortization Expense
2025	$	55
2026	55
2027	29
2028	26
2029	19
Thereafter	69
Total	$	253