Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 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 December 31, 2020	$	(85)	$	5	$	654	$	42	$	616
Other comprehensive income (loss) before reclassifications	91		(11)		(201)		(17)		(138)
Less: Amount of gain (loss) reclassified from AOCI	(59)		1		125		13		80
Net current period other comprehensive income (loss)	150		(12)		(326)		(30)		(218)
Balance as of December 31, 2021	$	65	$	(7)	$	328	$	12	$	398


	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	(61)		—		291		14		244
Less: Amount of gain (loss) reclassified from AOCI	15		—		—		(3)		12
Net current period other comprehensive income (loss)	(76)		—		291		17		232

Balance as of December 31, 2020	$	(85)	$	5	$	654	$	42	$	616

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


Details about AOCI Components	Affected Line Item in the Statement of Income	Amount of Gain (Loss) Reclassified from AOCI for the Year Ended December 31,
		2021		2020
Gains (losses) on cash flow hedges
Foreign exchange contracts	Net revenues	$	(65)	$	15
Foreign exchange contracts	Cost of net revenues	4		—



Interest rate contracts	Interest and other, net	2		—
	Total, from continuing operations before income taxes	(59)		15
	Income taxes	13		(3)
	Total, from continuing operations net of income taxes	(46)		12



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

Foreign currency translation	Discontinued operations net of income taxes	125		—

Total reclassifications for the period	Total, net of income taxes	$	80	$	12