Supplemental Financial Statement Information (Tables)

12 Months Ended

Dec. 31, 2021

Balance Sheet Components Disclosure [Abstract]

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


	As of December 31,
	2020		2021
Land and buildings	$	49,732	$	58,881
Information technology assets	45,906		55,606
Construction in progress	23,111		23,171
Leasehold improvements	7,516		9,146
Furniture and fixtures	197		208
Property and equipment, gross	126,462		147,012
Less: accumulated depreciation	(41,713)		(49,414)
Property and equipment, net	$	84,749	$	97,599

Schedule of accrued expenses and other current liabilities

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


	As of December 31,
	2020		2021


European Commission fines(1)	$	10,409	$	9,799
Payables to brokers for unsettled investment trades	754		397
Accrued customer liabilities	3,118		3,505
Accrued purchases of property and equipment	2,197		2,415
Current operating lease liabilities	1,694		2,189
Other accrued expenses and current liabilities	10,459		12,931
Accrued expenses and other current liabilities	$	28,631	$	31,236

(1) Includes the effects of foreign exchange and interest. See Note 10 for further details.

Components of accumulated other comprehensive income

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, 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)

Other comprehensive income (loss) before reclassifications	1,139		1,313		79		2,531
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	0		0		(37)		(37)
Amounts reclassified from AOCI	0		(513)		(116)		(629)
Other comprehensive income (loss)	1,139		800		(74)		1,865
Balance as of December 31, 2020	(864)		1,612		(115)		633

Other comprehensive income (loss) before reclassifications	(1,442)		(1,312)		668		(2,086)
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	0		0		48		48
Amounts reclassified from AOCI	0		(64)		(154)		(218)
Other comprehensive income (loss)	(1,442)		(1,376)		562		(2,256)
Balance as of December 31, 2021	$	(2,306)	$	236	$	447	$	(1,623)

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	2019		2020		2021
Unrealized gains (losses) on available-for-sale investments
	Other income (expense), net	$	149	$	650	$	82
	Benefit (provision) for income taxes	(38)		(137)		(18)
	Net of income tax	111		513		64
Unrealized gains (losses) on cash flow hedges
Foreign exchange contracts	Revenue	367		144		165
Interest rate contracts	Other income (expense), net	6		6		6
	Benefit (provision) for income taxes	(74)		(34)		(17)
	Net of income tax	299		116		154
Total amount reclassified, net of income tax		$	410	$	629	$	218

Schedule of other income (expense), net

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


	Year Ended December 31,
	2019		2020		2021
Interest income	$	2,427	$	1,865	$	1,499
Interest expense(1)	(100)		(135)		(346)
Foreign currency exchange gain (loss), net (2)	103		(344)		(240)
Gain (loss) on debt securities, net	149		725		(110)
Gain (loss) on equity securities, net	2,649		5,592		12,380
Performance fees	(326)		(609)		(1,908)
Income (loss) and impairment from equity method investments, net	390		401		334
Other(3)	102		(637)		411
Other income (expense), net	$	5,394	$	6,858	$	12,020

(1) Interest expense is net of interest capitalized of $167 million, $218 million, and $163 million for the years ended December 31, 2019, 2020, and 2021, respectively.

(2) Our foreign currency exchange gain (loss), net, is primarily related to the forward points for our foreign currency hedging contracts and foreign exchange transaction gains and losses from the conversion of the transaction currency to the functional currency, offset by the foreign currency hedging contracts' losses and gains.

(3) During the year ended December 31, 2020, we entered into derivatives that hedged the changes in fair value of certain marketable equity securities, which resulted in losses of $902 million and gains of $92 million for the years ended December 31, 2020 and 2021, respectively. The offsetting recognized gains and losses on the marketable equity securities are reflected in Gain (loss) on equity securities, net.