v3.24.1.u1
Supplemental Financial Statement Information (Tables)
 3 Months Ended
Mar. 31, 2024
Balance Sheet Components Disclosure [Abstract]  
Property and equipment, net
Property and equipment, net, consisted of the following (in millions):
As of
December 31, 2023		As of
March 31, 2024
Land and buildings$74,083 $77,421 
Information technology assets80,594 85,976 
Construction in progress35,229 37,679 
Leasehold improvements11,425 11,576 
Furniture and fixtures472 534 
Property and equipment, gross201,803 213,186 
Less: accumulated depreciation(67,458)(70,004)
Property and equipment, net$134,345 $143,182 
Accrued expenses and other current liabilities
Accrued expenses and other current liabilities consisted of the following (in millions):
As of
December 31, 2023		As of
March 31, 2024
European Commission fines(1)
$9,525 $9,475 
Accrued purchases of property and equipment4,679 5,666 
Accrued customer liabilities4,140 4,355 
Current operating lease liabilities2,791 2,874 
Income taxes payable, net2,748 4,926 
Other accrued expenses and current liabilities22,285 21,307 
Accrued expenses and other current liabilities$46,168 $48,603 
(1)    While each European Commission (EC) decision is under appeal, the fines are included in accrued expenses and other current liabilities on our Consolidated Balance Sheets, as we provided bank guarantees (in lieu of a cash payment) for the fines. Amounts include the effects of foreign exchange and interest. See Note 8 for further details.
Components of accumulated other comprehensive income
Components of AOCI, net of income tax, were as follows (in millions):
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale InvestmentsUnrealized Gains (Losses) on Cash Flow HedgesTotal
Balance as of December 31, 2022$(4,142)$(3,477)$16 $(7,603)
Other comprehensive income (loss) before reclassifications596 866 (121)1,341 
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI0 0 47 47 
Amounts reclassified from AOCI0 292 (77)215 
Other comprehensive income (loss)596 1,158 (151)1,603 
Balance as of March 31, 2023$(3,546)$(2,319)$(135)$(6,000)
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale InvestmentsUnrealized Gains (Losses) on Cash Flow HedgesTotal
Balance as of December 31, 2023$(3,407)$(965)$(30)$(4,402)
Other comprehensive income (loss) before reclassifications(503)(360)128 (735)
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI0 0 58 58 
Amounts reclassified from AOCI0 311 (71)240 
Other comprehensive income (loss)(503)(49)115 (437)
Balance as of March 31, 2024$(3,910)$(1,014)$85 $(4,839)
Schedule of effects on net income of amounts reclassified from AOCI
The effects on net income of amounts reclassified from AOCI were as follows (in millions):
Three Months Ended
 March 31,
 AOCI ComponentsLocation20232024
Unrealized gains (losses) on available-for-sale investments
Other income (expense), net$(374)$(399)
Benefit (provision) for income taxes82 88 
Net of income tax(292)(311)
Unrealized gains (losses) on cash flow hedges
Foreign exchange contractsRevenue88 74 
Interest rate contractsOther income (expense), net2 1 
Benefit (provision) for income taxes(13)(4)
Net of income tax77 71 
Total amount reclassified, net of income tax$(215)$(240)
Schedule of other income (expense), net
Components of OI&E were as follows (in millions):
 Three Months Ended
March 31,
 20232024
Interest income$797 $1,061 
Interest expense(1)
(80)(94)
Foreign currency exchange gain (loss), net(210)(238)
Gain (loss) on debt securities, net(293)(462)
Gain (loss) on equity securities, net377 2,243 
Performance fees118 104 
Income (loss) and impairment from equity method investments, net(51)(26)
Other132 255 
Other income (expense), net$790 $2,843 
(1)Interest expense is net of interest capitalized of $40 million and $43 million for the three months ended March 31, 2023 and 2024, respectively