| Supplemental Financial Statement Information |
Supplemental Financial Statement Information Accounts Receivable The allowance for credit losses on accounts receivable was $924 million and $962 million as of December 31, 2025 and March 31, 2026, respectively. Property and Equipment, Net Property and equipment, net, consisted of the following (in millions): | | | | | | | | | | | | | As of
December 31, 2025 | | As of
March 31, 2026 | Technical infrastructure(1) | $ | 203,679 | | | $ | 217,886 | | | Office space | 48,348 | | | 48,772 | | | Corporate and other assets | 14,463 | | | 5,945 | | | Property and equipment, in service | 266,490 | | | 272,603 | | | Less: accumulated depreciation | (98,485) | | | (100,180) | | | Add: assets not yet in service | 78,592 | | | 108,597 | | | Property and equipment, net | $ | 246,597 | | | $ | 281,020 | |
(1) As of December 31, 2025 and March 31, 2026, approximately 60% of technical infrastructure assets were comprised of servers and network equipment. The remaining balance was comprised of data center land and buildings and related assets. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in millions): | | | | | | | | | | | | | As of
December 31, 2025 | | As of
March 31, 2026 | Accrued fines and settlements(1) | $ | 15,594 | | | $ | 15,551 | | | Accrued purchases of property and equipment | 8,877 | | | 12,873 | | | Accrued customer liabilities | 5,029 | | | 4,965 | | | Payables to brokers for unsettled investment trades | 950 | | | 631 | | | Income taxes payable, net | 523 | | | 3,905 | | Other accrued expenses and current liabilities | 24,584 | | | 25,094 | | | Accrued expenses and other current liabilities | $ | 55,557 | | | $ | 63,019 | |
(1) See Legal Matters in Note 10 for further details. Noncontrolling Interests Total noncontrolling interests (NCI) in our consolidated subsidiaries were $3.4 billion and $7.2 billion as of December 31, 2025 and March 31, 2026, respectively, of which $841 million and $1.8 billion were redeemable noncontrolling interests (RNCI) as of December 31, 2025 and March 31, 2026, respectively. NCI and RNCI are included within additional paid-in capital. Net loss attributable to noncontrolling interests was not material for any period presented and is included within the "other" component of OI&E. Accumulated Other Comprehensive Income (Loss) 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, 2024 | $ | (5,080) | | | $ | (299) | | | $ | 579 | | | $ | (4,800) | | | Other comprehensive income (loss) before reclassifications | 663 | | | 645 | | | (252) | | | 1,056 | | | Amounts excluded from the assessment of hedge effectiveness recorded in AOCI | 0 | | | 0 | | | (61) | | | (61) | | | Amounts reclassified from AOCI | 0 | | | (84) | | | (197) | | | (281) | | | Other comprehensive income (loss) | 663 | | | 561 | | | (510) | | | 714 | | | Balance as of March 31, 2025 | $ | (4,417) | | | $ | 262 | | | $ | 69 | | | $ | (4,086) | |
| | | | | | | | | | | | | | | | | | | | | | | | | 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, 2025 | $ | (2,558) | | | $ | 678 | | | $ | (36) | | | $ | (1,916) | | | Other comprehensive income (loss) before reclassifications | (338) | | | (356) | | | 196 | | | (498) | | | Amounts excluded from the assessment of hedge effectiveness recorded in AOCI | 12 | | | 0 | | | 83 | | | 95 | | | Amounts reclassified from AOCI | 0 | | | (19) | | | 158 | | | 139 | | | Other comprehensive income (loss) | (326) | | | (375) | | | 437 | | | (264) | | | Balance as of March 31, 2026 | $ | (2,884) | | | $ | 303 | | | $ | 401 | | | $ | (2,180) | |
The effects on net income of amounts reclassified from AOCI were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | | | | March 31, | | | | AOCI Components | | Location | | 2025 | | 2026 | | | | | | Unrealized gains (losses) on available-for-sale investments | | | | | | | | | | | Other income (expense), net | | $ | 104 | | | $ | 24 | | | | | | | | Benefit (provision) for income taxes | | (20) | | | (5) | | | | | | | | Net of income tax | | 84 | | | 19 | | | | | | | Unrealized gains (losses) on cash flow hedges | | | | | | | | | | Foreign exchange derivatives | | Revenue | | 242 | | | (211) | | | | | | | Interest rate derivatives | | Other income (expense), net | | 0 | | | 1 | | | | | | | | Benefit (provision) for income taxes | | (45) | | | 52 | | | | | | | | Net of income tax | | 197 | | | (158) | | | | | | | Total amount reclassified, net of income tax | | $ | 281 | | | $ | (139) | | | | | |
Other Income (Expense), Net Components of OI&E were as follows (in millions): | | | | | | | | | | | | | | | | | | Three Months Ended | | | | March 31, | | | | | 2025 | | 2026 | | | | | | Interest income | $ | 1,001 | | | $ | 1,381 | | | | | | Interest expense(1) | (34) | | | (533) | | | | | | | Foreign currency exchange gain (loss), net | (106) | | | 146 | | | | | | | Gain (loss) on debt securities, net | 202 | | | (111) | | | | | | | Gain (loss) on equity securities, net | 9,758 | | | 36,915 | | | | | | | Income (loss) and impairment from equity method investments, net | (22) | | | 60 | | | | | | | Other | 384 | | | (142) | | | | | | | Other income (expense), net | $ | 11,183 | | | $ | 37,716 | | | | | |
(1)Interest expense is net of interest capitalized of $79 million and $265 million for the three months ended March 31, 2025 and 2026, respectively.
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