The following table summarizes the changes in accumulated other comprehensive (loss) income, which is reported as a component of shareholders’ equity, were as follows: | | | | | | | | | | | | | | | | | | | | | Years ended | | December 31, 2024 | | December 31, 2023 | | December 31, 2022 | | | | | | | | (in US $ millions) | | Balance, beginning of the year | 4 | | | (16) | | | (6) | | | | | | | | | Other comprehensive (loss) income before reclassifications | (27) | | | 7 | | | (33) | | | Gain on cash flow hedges reclassified from accumulated other comprehensive (loss) income to earnings: | | | | | | | Cost of revenues | — | | | — | | | 1 | | | Sales and marketing | 2 | | | 3 | | | 5 | | | Research and development | 5 | | | 9 | | | 13 | | | General and administrative | 1 | | | 1 | | | 4 | | | Tax effect on unrealized loss on cash flow hedges | 5 | | | — | | | — | | | Other comprehensive (loss) income, net of tax | (14) | | | 20 | | | (10) | | | Balance, end of the year | (10) | | | 4 | | | (16) | |
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