Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2021

The following tables summarize the changes in AOCI for the periods indicated (in millions):


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of June 30, 2021	$	(15)	$	1	$	547	$	27	$	560
Other comprehensive income (loss) before reclassifications	43		1		(85)		(9)		(50)
Less: Amount of gain (loss) reclassified from AOCI	(17)		1		—		4		(12)
Net current period other comprehensive income (loss)	60		—		(85)		(13)		(38)
Balance as of September 30, 2021	$	45	$	1	$	462	$	14	$	522


	Unrealized Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Estimated Tax (Expense) Benefit		Total
Balance as of June 30, 2020	$	(9)	$	6	$	299	$	25	$	321
Other comprehensive income (loss) before reclassifications	(35)		—		121		9		95
Less: Amount of gain (loss) reclassified from AOCI	6		—		—		(1)		5
Net current period other comprehensive income (loss)	(41)		—		121		10		90
Balance as of September 30, 2020	$	(50)	$	6	$	420	$	35	$	411


	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	69		(3)		(192)		(14)		(140)
Less: Amount of gain (loss) reclassified from AOCI	(61)		1		—		14		(46)
Net current period other comprehensive income (loss)	130		(4)		(192)		(28)		(94)
Balance as of September 30, 2021	$	45	$	1	$	462	$	14	$	522


	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	(18)		1		57		5		45
Less: Amount of gain (loss) reclassified from AOCI	23		—		—		(5)		18
Net current period other comprehensive income (loss)	(41)		1		57		10		27
Balance as of September 30, 2020	$	(50)	$	6	$	420	$	35	$	411

The following table summarizes the reclassifications out of AOCI for the periods indicated (in millions):


Details about AOCI Components	Affected Line Item in the Statement of Income	Amount of Gain (Loss) Reclassified From AOCI
		Three Months Ended September 30,				Nine Months Ended September 30,
		2021		2020		2021		2020
Gains (losses) on cash flow hedges
Foreign exchange contracts	Net revenues	$	(19)	$	6	$	(65)	$	23
Foreign exchange contracts	Cost of net revenues	1		—		3		—



Interest rate contracts	Interest and other, net	1		—		1		—
	Total, from continuing operations before income taxes	(17)		6		(61)		23
	Provision for income taxes	4		(1)		14		(5)
	Total, from continuing operations net of income taxes	(13)		5		(47)		18



Unrealized gains (losses) on investments	Interest and other, net	1		—		1		—
	Total, before income taxes	1		—		1		—
	Provision for income taxes	—		—		—		—
	Total, net of income taxes	1		—		1		—

Total reclassifications for the period	Total, net of income taxes	$	(12)	$	5	$	(46)	$	18