Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

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 December 31, 2021	$	65	$	(7)	$	328	$	12	$	398
Other comprehensive income (loss) before reclassifications	27		(51)		(34)		8		(50)
Less: Amount of gain (loss) reclassified from AOCI	7		—		—		(1)		6
Net current period other comprehensive income (loss)	20		(51)		(34)		9		(56)
Balance as of March 31, 2022	$	85	$	(58)	$	294	$	21	$	342

	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of December 31, 2020	$	(85)	$	5	$	654	$	42	$	616
Other comprehensive income (loss) before reclassifications	46		(3)		(117)		(11)		(85)
Less: Amount of gain (loss) reclassified from AOCI	(28)		—		—		6		(22)
Net current period other comprehensive income (loss)	74		(3)		(117)		(17)		(63)
Balance as of March 31, 2021	$	(11)	$	2	$	537	$	25	$	553

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 for the Three Months Ended March 31,
		2022		2021
Gains (losses) on cash flow hedges:
Foreign exchange contracts	Net revenues	$	6	$	(28)
Foreign exchange contracts	Cost of net revenues	—		1
Interest rate contracts	Interest and other, net	1		(1)
	Total, from continuing operations before income taxes	7		(28)
	Provision for income taxes	(1)		6
	Total, from continuing operations net of income taxes	6		(22)
Total reclassifications for the period	Total, net of income taxes	$	6	$	(22)