Supplemental Financial Statement Information (Tables)

3 Months Ended

Mar. 31, 2020

Balance Sheet Components Disclosure [Abstract]

Property and equipment, net

Property and equipment, net, consisted of the following (in millions):

	As of December 31, 2019		As of March 31, 2020
			(unaudited)
Land and buildings	$	39,865	$	41,372
Information technology assets	36,840		38,534
Construction in progress	21,036		22,834
Leasehold improvements	6,310		6,761
Furniture and fixtures	156		183
Property and equipment, gross	104,207		109,684
Less: accumulated depreciation	(30,561)		(32,937)
Property and equipment, net	$	73,646	$	76,747

Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following (in millions):

	As of December 31, 2019		As of March 31, 2020
			(unaudited)
European Commission fines(1)	$	9,405	$	9,357
Accrued customer liabilities	2,245		2,146
Accrued purchases of property and equipment	2,411		2,536
Current operating lease liabilities	1,199		1,312
Other accrued expenses and current liabilities	7,807		7,250
Accrued expenses and other current liabilities	$	23,067	$	22,601

⁽¹⁾ Includes the effects of foreign exchange and interest. See Note 10 for further details.

Components of accumulated other comprehensive income

The components of AOCI, net of tax, were as follows (in millions, unaudited):

	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Investments		Unrealized Gains (Losses) on Cash Flow Hedges		Total
Balance as of December 31, 2018	$	(1,884)	$	(688)	$	266	$	(2,306)
Cumulative effect of accounting change	0		0		(30)		(30)
Other comprehensive income (loss) before reclassifications	(36)		719		0		683
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	0		0		(30)		(30)
Amounts reclassified from AOCI	0		7		(104)		(97)
Other comprehensive income (loss)	(36)		726		(134)		556
Balance as of March 31, 2019	$	(1,920)	$	38	$	102	$	(1,780)

	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Investments		Unrealized Gains (Losses) on Cash Flow Hedges		Total
Balance as of December 31, 2019	$	(2,003)	$	812	$	(41)	$	(1,232)
Other comprehensive income (loss) before reclassifications	(550)		498		326		274
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	0		0		52		52
Amounts reclassified from AOCI	0		(169)		(22)		(191)
Other comprehensive income (loss)	(550)		329		356		135
Balance as of March 31, 2020	$	(2,553)	$	1,141	$	315	$	(1,097)

Schedule of effects on net income of amounts reclassified from AOCI

The effects on net income of amounts reclassified from AOCI were as follows (in millions, unaudited):

		Gains (Losses) Reclassified from AOCI to the Consolidated Statements of Income
		Three Months Ended
		March 31,
AOCI Components	Location	2019		2020
Unrealized gains (losses) on available-for-sale investments
	Other income (expense), net	$	(2)	$	214
	Benefit (provision) for income taxes	(5)		(45)
	Net of tax	(7)		169
Unrealized gains (losses) on cash flow hedges
Foreign exchange contracts	Revenue	128		26
Interest rate contracts	Other income (expense), net	1		1
	Benefit (provision) for income taxes	(25)		(5)
	Net of tax	104		22
Total amount reclassified, net of tax		$	97	$	191

Schedule of other income (expense), net

The components of other income (expense), net, were as follows (in millions, unaudited):

	Three Months Ended
	March 31,
	2019		2020
Interest income	$	522	$	586
Interest expense(1)	(35)		(21)
Foreign currency exchange gain (loss), net	74		(81)
Gain (loss) on debt securities, net	(2)		12
Gain (loss) on equity securities, net	1,083		(814)
Performance fees	(117)		6
Income (loss) and impairment from equity method investments, net	(40)		74
Other	53		18
Other income (expense), net	$	1,538	$	(220)

⁽¹⁾Interest expense is net of interest capitalized of $31 million and $52 million for the three months ended March 31, 2019 and 2020, respectively.