Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2021

The following tables summarize the changes in AOCI for the three and six months ended June 30, 2021 and 2020 (in millions):


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of March 31, 2021	$	(11)	$	2	$	537	$	25	$	553
Other comprehensive income (loss) before reclassifications	(20)		(1)		10		6		(5)
Less: Amount of gain (loss) reclassified from AOCI	(16)		—		—		4		(12)
Net current period other comprehensive income (loss)	(4)		(1)		10		2		7
Balance as of June 30, 2021	$	(15)	$	1	$	547	$	27	$	560


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of March 31, 2020	$	38	$	(26)	$	250	$	23	$	285
Other comprehensive income (loss) before reclassifications	(30)		32		49		(2)		49
Less: Amount of gain (loss) reclassified from AOCI	17		—		—		(4)		13
Net current period other comprehensive income (loss)	(47)		32		49		2		36
Balance as of June 30, 2020	$	(9)	$	6	$	299	$	25	$	321


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of December 31, 2020	$	(85)	$	5	$	654	$	42	$	616
Other comprehensive income (loss) before reclassifications	26		(4)		(107)		(5)		(90)
Less: Amount of gain (loss) reclassified from AOCI	(44)		—		—		10		(34)
Net current period other comprehensive income (loss)	70		(4)		(107)		(15)		(56)
Balance as of June 30, 2021	$	(15)	$	1	$	547	$	27	$	560


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of December 31, 2019	$	(9)	$	5	$	363	$	25	$	384
Other comprehensive income (loss) before reclassifications	17		1		(64)		(4)		(50)
Less: Amount of gain (loss) reclassified from AOCI	17		—		—		(4)		13
Net current period other comprehensive income (loss)	—		1		(64)		—		(63)
Balance as of June 30, 2020	$	(9)	$	6	$	299	$	25	$	321

The following table provides a summary of reclassifications out of AOCI (in millions):


Details about AOCI Components	Affected Line Item in the Statement of Income	Amount of Gain (Loss) Reclassified From AOCI
		Three Months Ended June 30,				Six Months Ended June 30,
		2021		2020		2021		2020
Gains (losses) on cash flow hedges
Foreign exchange contracts	Net Revenues	$	(18)	$	17	$	(46)	$	17
Foreign exchange contracts	Cost of net revenues	1		—		2		—



Interest rate contracts	Interest and other, net	1		—		—		—
	Total, from continuing operations before income taxes	(16)		17		(44)		17
	Provision for income taxes	4		(4)		10		(4)


	Total, net of income taxes	(12)		13		(34)		13






Total reclassifications for the period	Total, net of income taxes	$	(12)	$	13	$	(34)	$	13