Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2024

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 March 31, 2024	$	9	$	(37)	$	169	$	30	$	171
Other comprehensive income (loss) before reclassifications	(1)		6		(16)		(1)		(12)
Less: Amount of gain (loss) reclassified from AOCI	(8)		—		—		2		(6)
Net current period other comprehensive income (loss)	7		6		(16)		(3)		(6)
Balance as of June 30, 2024	$	16	$	(31)	$	153	$	27	$	165

	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 December 31, 2023	$	(13)	$	(45)	$	206	$	37	$	185
Other comprehensive income (loss) before reclassifications	13		14		(53)		(6)		(32)
Less: Amount of gain (loss) reclassified from AOCI	(16)		—		—		4		(12)
Net current period other comprehensive income (loss)	29		14		(53)		(10)		(20)
Balance as of June 30, 2024	$	16	$	(31)	$	153	$	27	$	165

	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

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,
		2024		2023		2024		2023
Gains (losses) on cash flow hedges:
Foreign exchange contracts	Net revenues	$	(10)	$	14	$	(20)	$	43
Foreign exchange contracts	Cost of net revenues	—		—		—		(1)
Interest rate contracts	Interest income and other, net	2		3		4		7
	Income from continuing operations before income taxes	(8)		17		(16)		49
	Income tax provision	2		(4)		4		(11)
Total reclassifications for the period	Net income	$	(6)	$	13	$	(12)	$	38