Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2023

The following tables summarize the changes in AOCI for the periods indicated (in millions):


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of March 31, 2023	$	61	$	(79)	$	223	$	26	$	231
Other comprehensive income (loss) before reclassifications	(20)		—		(37)		6		(51)
Less: Amount of gain (loss) reclassified from AOCI	17		—		—		(4)		13
Net current period other comprehensive income (loss)	(37)		—		(37)		10		(64)
Balance as of June 30, 2023	$	24	$	(79)	$	186	$	36	$	167


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of March 31, 2022	$	85	$	(58)	$	294	$	21	$	342
Other comprehensive income (loss) before reclassifications	114		(19)		(85)		(24)		(14)
Less: Amount of gain (loss) reclassified from AOCI	9		(2)		—		(2)		5
Net current period other comprehensive income (loss)	105		(17)		(85)		(22)		(19)
Balance as of June 30, 2022	$	190	$	(75)	$	209	$	(1)	$	323


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of December 31, 2022	$	114	$	(98)	$	222	$	21	$	259
Other comprehensive income (loss) before reclassifications	(41)		19		(36)		4		(54)
Less: Amount of gain (loss) reclassified from AOCI	49		—		—		(11)		38
Net current period other comprehensive income (loss)	(90)		19		(36)		15		(92)
Balance as of June 30, 2023	$	24	$	(79)	$	186	$	36	$	167


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of December 31, 2021	$	65	$	(7)	$	328	$	12	$	398
Other comprehensive income (loss) before reclassifications	141		(70)		(119)		(16)		(64)
Less: Amount of gain (loss) reclassified from AOCI	16		(2)		—		(3)		11
Net current period other comprehensive income (loss)	125		(68)		(119)		(13)		(75)
Balance as of June 30, 2022	$	190	$	(75)	$	209	$	(1)	$	323

The following table summarizes the reclassifications out of AOCI for the periods indicated (in millions):


Details about AOCI Components	Affected Line Item in the Statement of Income	Amount of Gain (Loss) Reclassified From AOCI
		Three Months Ended June 30,				Six Months Ended June 30,
		2023		2022		2023		2022
Gains (losses) on cash flow hedges:
Foreign exchange contracts	Net revenues	$	14	$	9	$	43	$	15
Foreign exchange contracts	Cost of net revenues	—		—		(1)		—



Interest rate contracts	Interest and other, net	3		(2)		7		(1)
	Total, from continuing operations before income taxes	17		7		49		14
	Provision for income taxes	(4)		(2)		(11)		(3)
	Total, from continuing operations net of income taxes	13		5		38		11








Total reclassifications for the period	Total, net of income taxes	$	13	$	5	$	38	$	11