Supplemental Financial Statement Information

6 Months Ended

Jun. 30, 2021

Balance Sheet Components Disclosure [Abstract]

Supplemental Financial Statement Information

Supplemental Financial Statement Information

Property and Equipment, Net

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

	As of December 31, 2020		As of June 30, 2021
Land and buildings	$	49,732	$	55,910
Information technology assets	45,906		51,188
Construction in progress	23,111		21,825
Leasehold improvements	7,516		7,951
Furniture and fixtures	197		201
Property and equipment, gross	126,462		137,075
Less: accumulated depreciation	(41,713)		(45,378)
Property and equipment, net	$	84,749	$	91,697

Accrued expenses and other current liabilities

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

	As of December 31, 2020		As of June 30, 2021
European Commission fines(1)	$	10,409	$	10,254
Payables to brokers for unsettled investment trades	754		966
Accrued customer liabilities	3,118		2,865
Accrued purchases of property and equipment	2,197		2,387
Current operating lease liabilities	1,694		2,037
Other accrued expenses and current liabilities	10,459		10,472
Accrued expenses and other current liabilities	$	28,631	$	28,981

(1)    Includes the effects of foreign exchange and interest. See Note 9 for further details.

Accumulated Other Comprehensive Income (Loss)

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

	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)

	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, 2020	$	(864)	$	1,612	$	(115)	$	633
Other comprehensive income (loss) before reclassifications	(57)		(540)		92		(505)
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	0		0		45		45
Amounts reclassified from AOCI	0		(64)		81		17
Other comprehensive income (loss)	(57)		(604)		218		(443)
Balance as of June 30, 2021	$	(921)	$	1,008	$	103	$	190

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

		Gains (Losses) Reclassified from AOCI to the Consolidated Statements of Income
		Three Months Ended				Six Months Ended
		June 30,				June 30,
AOCI Components	Location	2020		2021		2020		2021
Unrealized gains (losses) on available-for-sale investments
	Other income (expense), net	$	189	$	96	$	403	$	82
	Benefit (provision) for income taxes	(40)		(21)		(85)		(18)
	Net of income tax	149		75		318		64
Unrealized gains (losses) on cash flow hedges
Foreign exchange contracts	Revenue	140		(3)		166		(108)
Interest rate contracts	Other income (expense), net	2		2		3		3
	Benefit (provision) for income taxes	(27)		5		(32)		24
	Net of income tax	115		4		137		(81)
Total amount reclassified, net of income tax		$	264	$	79	$	455	$	(17)

Other Income (Expense), Net

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2021		2020		2021
Interest income	$	433	$	389	$	1,019	$	734
Interest expense(1)	(13)		(76)		(34)		(152)
Foreign currency exchange gain (loss), net	(92)		(51)		(173)		62
Gain (loss) on debt securities, net	387		111		399		25
Gain (loss) on equity securities, net	1,455		2,772		641		7,609
Performance fees	(75)		(523)		(69)		(1,188)
Income (loss) and impairment from equity method investments, net	(54)		92		20		97
Other	(147)		(90)		(129)		283
Other income (expense), net	$	1,894	$	2,624	$	1,674	$	7,470

(1)Interest expense is net of interest capitalized of $57 million and $45 million for the three months ended June 30, 2020 and 2021, respectively, and $109 million and $92 million for the six months ended June 30, 2020 and 2021, respectively.