Supplemental Financial Statement Information (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2020
			(unaudited)
Land and buildings	$	39,865	$	46,787
Information technology assets	36,840		42,883
Construction in progress	21,036		23,115
Leasehold improvements	6,310		7,303
Furniture and fixtures	156		199
Property and equipment, gross	104,207		120,287
Less: accumulated depreciation	(30,561)		(38,651)
Property and equipment, net	$	73,646	$	81,636

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 September 30, 2020
			(unaudited)
European Commission fines(1)	$	9,405	$	9,921
Accrued customer liabilities	2,245		2,559
Accrued purchases of property and equipment	2,411		2,157
Current operating lease liabilities	1,199		1,535
Other accrued expenses and current liabilities	7,807		9,459
Accrued expenses and other current liabilities	$	23,067	$	25,631

(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	(326)		1,613		222		1,509
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	0		0		(13)		(13)
Amounts reclassified from AOCI	0		(107)		(249)		(356)
Other comprehensive income (loss)	(326)		1,506		(40)		1,140
Balance as of September 30, 2019	$	(2,210)	$	818	$	196	$	(1,196)

	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	193		1,346		264		1,803
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	0		0		(20)		(20)
Amounts reclassified from AOCI	0		(391)		(114)		(505)
Other comprehensive income (loss)	193		955		130		1,278
Balance as of September 30, 2020	$	(1,810)	$	1,767	$	89	$	46

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				Nine Months Ended
		September 30,				September 30,
AOCI Components	Location	2019		2020		2019		2020
Unrealized gains (losses) on available-for-sale investments
	Other income (expense), net	$	49	$	93	$	145	$	496
	Benefit (provision) for income taxes	(10)		(20)		(38)		(105)
	Net of tax	39		73		107		391
Unrealized gains (losses) on cash flow hedges
Foreign exchange contracts	Revenue	93		(28)		306		138
Interest rate contracts	Other income (expense), net	1		1		4		4
	Benefit (provision) for income taxes	(19)		4		(61)		(28)
	Net of tax	75		(23)		249		114
Total amount reclassified, net of tax		$	114	$	50	$	356	$	505

Schedule of other income (expense), net

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2020		2019		2020
Interest income	$	631	$	460	$	1,806	$	1,479
Interest expense(1)	(23)		(48)		(83)		(82)
Foreign currency exchange gain (loss), net	41		(84)		63		(257)
Gain (loss) on debt securities, net	49		116		145		515
Gain (loss) on equity securities, net	(1,528)		1,899		2,254		2,540
Performance fees	227		(135)		(333)		(204)
Income (loss) and impairment from equity method investments, net	(14)		26		(70)		46
Other	68		(88)		174		(217)
Other income (expense), net	$	(549)	$	2,146	$	3,956	$	3,820

(1)Interest expense is net of interest capitalized of $46 million and $53 million for the three months ended September 30, 2019 and 2020, respectively, and $113 million and $162 million for the nine months ended September 30, 2019 and 2020, respectively.