Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2020

The following tables summarize the changes in AOCI for the three and nine months ended September 30, 2020 and 2019 (in millions):


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of June 30, 2020	$	(9)	$	6	$	299	$	25	$	321
Other comprehensive income (loss) before reclassifications	(35)		—		121		9		95
Less: Amount of gain (loss) reclassified from AOCI	6		—		—		(1)		5
Net current period other comprehensive income (loss)	(41)		—		121		10		90
Balance as of September 30, 2020	$	(50)	$	6	$	420	$	35	$	411


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of June 30, 2019	$	38	$	—	$	410	$	16	$	464
Other comprehensive income (loss) before reclassifications	54		3		(133)		(12)		(88)
Less: Amount of gain (loss) reclassified from AOCI	19		—		—		(4)		15
Net current period other comprehensive income (loss)	35		3		(133)		(8)		(103)
Balance as of September 30, 2019	$	73	$	3	$	277	$	8	$	361


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of December 31, 2019	$	(9)	$	5	$	363	$	25	$	384
Other comprehensive income (loss) before reclassifications	(18)		1		57		5		45
Less: Amount of gain (loss) reclassified from AOCI	23		—		—		(5)		18
Net current period other comprehensive income (loss)	(41)		1		57		10		27
Balance as of September 30, 2020	$	(50)	$	6	$	420	$	35	$	411


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of December 31, 2018	$	68	$	(56)	$	462	$	24	$	498
Other comprehensive income (loss) before reclassifications	58		59		(185)		(27)		(95)
Less: Amount of gain (loss) reclassified from AOCI	53		—		—		(11)		42
Net current period other comprehensive income (loss)	5		59		(185)		(16)		(137)
Balance as of September 30, 2019	$	73	$	3	$	277	$	8	$	361

The following table provides a summary of reclassifications out of AOCI (in millions):


Details about AOCI Components	Affected Line Item in the Statement of Income	Amount of Gain (Loss) Reclassified From AOCI
		Three Months Ended September 30,				Nine Months Ended September 30,
		2020		2019		2020		2019
Gains (losses) on cash flow hedges - foreign exchange contracts	Net Revenues	$	6	$	19	$	23	$	52
	Cost of net revenues	—		—		—		1




	Total, from continuing operations before income taxes	6		19		23		53
	Provision for income taxes	(1)		(4)		(5)		(11)


	Total, net of income taxes	5		15		18		42






Total reclassifications for the period	Total, net of income taxes	$	5	$	15	$	18	$	42