v3.19.3.a.u2
Supplemental Financial Statement Information (Tables)
 12 Months Ended
Dec. 31, 2019
Balance Sheet Components Disclosure [Abstract]  
Schedule of property and equipment
Property and equipment, net, consisted of the following (in millions):
 
As of
December 31, 2018
 
As of
December 31, 2019
Land and buildings
$
30,179

 
$
39,865

Information technology assets
30,119

 
36,840

Construction in progress
16,838

 
21,036

Leasehold improvements
5,310

 
6,310

Furniture and fixtures
61

 
156

Property and equipment, gross
82,507

 
104,207

Less: accumulated depreciation
(22,788
)
 
(30,561
)
Property and equipment, net
$
59,719

 
$
73,646
Schedule of accrued expenses and other current liabilities
Accrued expenses and other current liabilities consisted of the following (in millions):
 
As of
December 31, 2018
 
As of
December 31, 2019
European Commission fines(1)
$
7,754

 
$
9,405

Accrued customer liabilities
1,810

 
2,245

Accrued purchases of property and equipment
1,603

 
2,411

Current operating lease liabilities
0

 
1,199

Other accrued expenses and current liabilities
5,791

 
7,807

Accrued expenses and other current liabilities
$
16,958

 
$
23,067


(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):
 
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, 2016
$
(2,646
)
 
$
(179
)
 
$
423

 
$
(2,402
)
Other comprehensive income (loss) before reclassifications
1,543

 
307

 
(638
)
 
1,212

Amounts reclassified from AOCI
0

 
105

 
93

 
198

Other comprehensive income (loss)
1,543

 
412

 
(545
)
 
1,410

Balance as of December 31, 2017
(1,103
)
 
233

 
(122
)
 
(992
)
Cumulative effect of accounting change
0

 
(98
)
 
0

 
(98
)
Other comprehensive income (loss) before reclassifications
(781
)
 
88

 
264

 
(429
)
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI
0

 
0

 
26

 
26

Amounts reclassified from AOCI
0

 
(911
)
 
98

 
(813
)
Other comprehensive income (loss)
(781
)
 
(823
)
 
388

 
(1,216
)
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
(119
)
 
1,611

 
36

 
1,528

Amounts excluded from the assessment of hedge effectiveness recorded in AOCI
0

 
0

 
(14
)
 
(14
)
Amounts reclassified from AOCI
0

 
(111
)
 
(299
)
 
(410
)
Other comprehensive income (loss)
(119
)
 
1,500

 
(277
)
 
1,104

Balance as of December 31, 2019
$
(2,003
)
 
$
812

 
$
(41
)
 
$
(1,232
)
Schedule of effects on net income of amounts reclassified from accumulated OCI
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
 
 
 
 
Year Ended December 31,
 AOCI Components
 
Location
 
2017
 
2018
 
2019
Unrealized gains (losses) on available-for-sale investments
 
 
 
 
 
 
 
 
Other income (expense), net
 
$
(105
)
 
$
1,190

 
$
149

 
 
Benefit (provision) for income taxes
 
0

 
(279
)
 
(38
)
 
 
Net of tax
 
(105
)
 
911

 
111

Unrealized gains (losses) on cash flow hedges
 
 
 
 
 
 
Foreign exchange contracts
 
Revenue
 
(169
)
 
(139
)
 
367

Interest rate contracts
 
Other income (expense), net
 
5

 
6

 
6

 
 
Benefit (provision) for income taxes
 
71

 
35

 
(74
)
 
 
Net of tax
 
(93
)
 
(98
)
 
299

Total amount reclassified, net of tax
 
 
 
$
(198
)
 
$
813

 
$
410
Schedule of other income (expense), net
The components of other income (expense), net, were as follows (in millions): 
 
Year Ended December 31,
 
2017
 
2018
 
2019
Interest income
$
1,312

 
$
1,878

 
$
2,427

Interest expense(1)
(109
)
 
(114
)
 
(100
)
Foreign currency exchange gain (loss), net (2)
(121
)
 
(80
)
 
103

Gain (loss) on debt securities, net(3)
(110
)
 
1,190

 
149

Gain (loss) on equity securities, net
73

 
5,460

 
2,649

Performance fees(4)
(32
)
 
(1,203
)
 
(326
)
Gain (loss) and impairment from equity method investments, net
(156
)
 
(120
)
 
390

Other
158

 
378

 
102

Other income (expense), net
$
1,015

 
$
7,389

 
$
5,394

(1) 
Interest expense is net of interest capitalized of $48 million, $92 million, and $167 million for the years ended December 31, 2017, 2018, and 2019, respectively.
(2) 
Our foreign currency exchange gain (loss), net, are related to the option premium costs and forwards points for our foreign currency hedging contracts, our foreign exchange transaction gains and losses from the conversion of the transaction currency to the functional currency, offset by the foreign currency hedging contract losses and gains. The net foreign currency transaction losses were $226 million, $195 million, and $166 million for the years ended December 31, 2017, 2018, and 2019, respectively.
(3) 
During the year ended December 31, 2018, the terms of a non-marketable debt security were modified resulting in an unrealized $1.3 billion gain.
(4) 
Performance fees were reclassified for prior periods from general and administrative expenses to other income (expense), net to conform with current period presentation.