2018

2017

2016

(in € millions)

Currency translation

At January 1

(7

)

(4

)

8

Currency translation

(6

)

(3

)

(12

)

Gains reclassified to consolidated statement of operations

(2

)

At December 31

(15

)

(7

)

(4

)

Short term investments

At January 1

(5

)

(4

)

—

Losses on fair value that may be subsequently reclassified

   to consolidated statement of operations

(2

)

(2

)

(4

)

Losses reclassified to consolidated statement of operations

2

1

—

Deferred tax on unrealized losses

1

—

—

At December 31

(4

)

(5

)

(4

)

Long term investments

At January 1

(11

)

—

—

Gains on fair value not to be subsequently reclassified

   to consolidated statement of operations

720

(11

)

—

Deferred tax on unrealized gains

(148

)

—

—

At December 31

561

(11

)

—

Cash flow hedges

At January 1

—

—

—

Gains on fair value that may be subsequently reclassified

   to consolidated statement of operations

1

—

—

Gains reclassified to revenue

(5

)

—

—

Losses reclassified to cost of revenue

3

—

—

At December 31

(1

)

—

—

Share-based payments

At January 1

200

130

77

Share-based payments (Note 17)

88

67

53

Income tax impact associated with share-based

   payments (Note 10)

48

3

—

Restricted stock units withheld for employee taxes

(2

)

—

—

At December 31

334

200

130

Other reserves at December 31

875

177

122