v3.22.4
Supplemental Financial Statement Information
12 Months Ended
Dec. 31, 2022
Balance Sheet Components Disclosure [Abstract]  
Supplemental Financial Statement Information Supplemental Financial Statement Information
Accounts Receivable
The allowance for credit losses on accounts receivable was $550 million and $754 million as of December 31, 2021 and 2022, respectively.
Property and Equipment, Net
Property and equipment, net, consisted of the following (in millions):
As of December 31,
20212022
Land and buildings$58,881 $66,897 
Information technology assets55,606 66,267 
Construction in progress23,172 27,657 
Leasehold improvements9,146 10,575 
Furniture and fixtures208 314 
Property and equipment, gross147,013 171,710 
Less: accumulated depreciation(49,414)(59,042)
Property and equipment, net$97,599 $112,668 
Accrued expenses and other current liabilities
Accrued expenses and other current liabilities consisted of the following (in millions):
As of December 31,
20212022
European Commission fines(1)
$9,799 $9,106 
Accrued customer liabilities3,505 3,619 
Accrued purchases of property and equipment2,415 3,019 
Current operating lease liabilities2,189 2,477 
Other accrued expenses and current liabilities14,136 19,645 
Accrued expenses and other current liabilities$32,044 $37,866 
(1)    While each EC decision is under appeal, the fines are included in accrued expenses and other current liabilities on our Consolidated Balance Sheets, as we provided bank guarantees (in lieu of a cash payment) for the fines. Amounts include the effects of foreign exchange and interest. See Note 10 for further details.
Accumulated Other Comprehensive Income (Loss)
Components of AOCI, net of income tax, were as follows (in millions):
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale InvestmentsUnrealized Gains (Losses) on Cash Flow HedgesTotal
Balance as of December 31, 2019$(2,003)$812 $(41)$(1,232)
Other comprehensive income (loss) before reclassifications1,139 1,313 79 2,531 
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI(37)(37)
Amounts reclassified from AOCI(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 AOCI48 48 
Amounts reclassified from AOCI(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)
Other comprehensive income (loss) before reclassifications(1,836)(4,720)1,463 (5,093)
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI(188)(188)
Amounts reclassified from AOCI1,007 (1,706)(699)
Other comprehensive income (loss)(1,836)(3,713)(431)(5,980)
Balance as of December 31, 2022$(4,142)$(3,477)$16 $(7,603)
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 ComponentsLocation202020212022
Unrealized gains (losses) on available-for-sale investments
Other income (expense), net$650 $82 $(1,291)
Benefit (provision) for income taxes(137)(18)284 
Net of income tax513 64 (1,007)
Unrealized gains (losses) on cash flow hedges
Foreign exchange contractsRevenue144 165 2,046 
Interest rate contractsOther income (expense), net
Benefit (provision) for income taxes(34)(17)(346)
Net of income tax116 154 1,706 
Total amount reclassified, net of income tax$629 $218 $699 
Other Income (Expense), Net
Components of OI&E were as follows (in millions): 
 Year Ended December 31,
 202020212022
Interest income$1,865 $1,499 $2,174 
Interest expense(1)
(135)(346)(357)
Foreign currency exchange gain (loss), net(344)(240)(654)
Gain (loss) on debt securities, net725 (110)(2,064)
Gain (loss) on equity securities, net5,592 12,380 (3,455)
Performance fees(609)(1,908)798 
Income (loss) and impairment from equity method investments, net401 334 (337)
Other(637)411 381 
Other income (expense), net$6,858 $12,020 $(3,514)
(1)    Interest expense is net of interest capitalized of $218 million, $163 million, and $128 million for the years ended December 31, 2020, 2021, and 2022, respectively.