Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2023

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, 2022	$	114	$	(98)	$	222	$	21	$	259
Other comprehensive income (loss) before reclassifications	(63)		53		(16)		3		(23)
Less: Amount of gain (loss) reclassified from AOCI	64		—		—		(13)		51
Net current period other comprehensive income (loss)	(127)		53		(16)		16		(74)
Balance as of December 31, 2023	$	(13)	$	(45)	$	206	$	37	$	185

	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	196		(93)		(106)		31		28
Less: Amount of gain (loss) reclassified from AOCI	147		(2)		—		22		167
Net current period other comprehensive income (loss)	49		(91)		(106)		9		(139)
Balance as of December 31, 2022	$	114	$	(98)	$	222	$	21	$	259

The following table summarizes reclassifications out of AOCI for 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 Year Ended December 31,
		2023		2022
Gains (losses) on cash flow hedges
Foreign exchange contracts	Net revenues	$	56	$	140
Foreign exchange contracts	Cost of net revenues	(3)		(2)
Interest rate contracts	Interest and other, net	11		9
	Total, from continuing operations before income taxes	64		147
	Income taxes	(13)		22
	Total, from continuing operations net of income taxes	51		169
Unrealized gains (losses) on investments	Interest and other, net	—		(2)
	Total, before income taxes	—		(2)
	Income taxes	—		—
	Total, net of income taxes	—		(2)
Total reclassifications for the period	Total, net of income taxes	$	51	$	167