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Supplemental Financial Statement Information (Tables)

6 Months Ended

Jun. 30, 2020

Balance Sheet Components Disclosure [Abstract]

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


	As of December 31, 2019		As of June 30, 2020
			(unaudited)
Land and buildings	$	39,865	$	44,494
Information technology assets	36,840		40,731
Construction in progress	21,036		21,948
Leasehold improvements	6,310		6,922
Furniture and fixtures	156		197
Property and equipment, gross	104,207		114,292
Less: accumulated depreciation	(30,561)		(35,544)
Property and equipment, net	$	73,646	$	78,748

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 June 30, 2020
			(unaudited)
European Commission fines⁽¹⁾	$	9,405	$	9,510
Accrued customer liabilities	2,245		2,407
Accrued purchases of property and equipment	2,411		1,976
Current operating lease liabilities	1,199		1,416
Other accrued expenses and current liabilities	7,807		9,117
Accrued expenses and other current liabilities	$	23,067	$	24,426

⁽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	82		1,460		(36)		1,506
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	0		0		(19)		(19)
Amounts reclassified from AOCI	0		(68)		(174)		(242)
Other comprehensive income (loss)	82		1,392		(229)		1,245
Balance as of June 30, 2019	$	(1,802)	$	704	$	7	$	(1,091)


	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	(266)		1,365		289		1,388
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	0		0		3		3
Amounts reclassified from AOCI	0		(318)		(137)		(455)
Other comprehensive income (loss)	(266)		1,047		155		936
Balance as of June 30, 2020	$	(2,269)	$	1,859	$	114	$	(296)

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						Six Months Ended
		June 30,						June 30,
AOCI Components	Location	2019		2020		2019		2020
Unrealized gains (losses) on available-for-sale investments
	Other income (expense), net	$	98	$	189	$	96	$	403
	Benefit (provision) for income taxes	(23)		(40)		(28)		(85)
	Net of tax	75		149		68		318
Unrealized gains (losses) on cash flow hedges
Foreign exchange contracts	Revenue	85		140		213		166
Interest rate contracts	Other income (expense), net	2		2		3		3
	Benefit (provision) for income taxes	(17)		(27)		(42)		(32)
	Net of tax	70		115		174		137
Total amount reclassified, net of tax				$	145	$	264	$	242	$	455

Schedule of other income (expense), net

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


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2019		2020		2019		2020
Interest income	$	653	$	433	$	1,175	$	1,019
Interest expense⁽¹⁾	(25)		(13)		(60)		(34)
Foreign currency exchange gain (loss), net	(52)		(92)		22		(173)
Gain on debt securities, net	98		387		96		399
Gain on equity securities, net	2,699		1,455		3,782		641
Performance fees	(443)		(75)		(560)		(69)
Income (loss) and impairment from equity method investments, net	(16)		(54)		(56)		20
Other	53		(147)		106		(129)
Other income (expense), net	$	2,967	$	1,894	$	4,505	$	1,674

⁽¹⁾Interest expense is net of interest capitalized of $36 million and $57 million for the three months ended June 30, 2019 and 2020, respectively, and $67 million and $109 million for the six months ended June 30, 2019 and 2020, respectively.