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Balance Sheet Components
 9 Months Ended
Sep. 30, 2014
Balance Sheet Components Disclosure [Abstract]  
Balance Sheet Components
Balance Sheet Components
Inventories
Inventories consisted of the following (in millions): 
 
As of December 31, 2013
 
As of September 30, 2014
 
 
 
(unaudited)
Raw materials and work in process
$
115

 
$
0

Finished goods
311

 
279

Inventories
$
426

 
$
279



Inventories to be disposed of as a result of the Motorola Mobile disposition were included in "Assets held for sale" on the Consolidated Balance Sheet as of September 30, 2014, and accordingly, are not included in this table.
Property and Equipment
Property and equipment consisted of the following (in millions): 
 
As of December 31, 2013
 
As of September 30, 2014
 
 
 
(unaudited)
Information technology assets
$
9,094

 
$
10,177

Land and buildings
7,488

 
11,616

Construction in progress
5,602

 
5,743

Leasehold improvements
1,576

 
1,677

Furniture and fixtures
77

 
79

Total
23,837

 
29,292

Less: accumulated depreciation and amortization
7,313

 
8,311

Property and equipment, net
$
16,524

 
$
20,981


Property under capital lease with a cost basis of $258 million was included in land and buildings and construction in progress as of September 30, 2014. In October 2014, we completed a purchase of land and office buildings, for total cash consideration of $585 million. We are currently in the process of valuing the assets and evaluating the impact of the purchase on our consolidated financial statements.

Property and equipment to be disposed of as a result of the Motorola Mobile disposition were included in "Assets held for sale" on the Consolidated Balance Sheet as of September 30, 2014, and accordingly, are not included in this table.

Accumulated Other Comprehensive Income (Loss)
The components of AOCI, net of tax, were as follows (in millions, unaudited):
 
Foreign Currency Translation Adjustments
 
Unrealized Gains on Available-for-Sale Investments
 
Unrealized Gains on Cash Flow Hedges
 
Total
Balance as of December 31, 2013
$
16

 
$
50

 
$
59

 
$
125

 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
(623
)
 
250

 
304

 
(69
)
Amounts reclassified from AOCI
0

 
(122
)
 
(16
)
 
(138
)
Other comprehensive income (loss)
(623
)
 
128

 
288

 
(207
)
Balance as of September 30, 2014
$
(607
)
 
$
178

 
$
347

 
$
(82
)


The effects on net income of amounts reclassified from AOCI were as follows (in millions, unaudited):
 
 
 
 
Gains (Losses) Reclassified from AOCI to the Consolidated Statement of Income
 
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 AOCI Components
 
Location
 
2013
 
2014
 
2013
 
2014
Unrealized gains on available-for-sale investments
 
 
 
 
 
 
 
 
 
 
 
 
Interest and other income, net
 
$
(26
)
 
$
18

 
$
135

 
$
140

 
 
Net Income (loss) from discontinued operations
 
0

 
0

 
43

 
0

 
 
Benefit from (provision for) income taxes
 
5

 
(3
)
 
(45
)
 
(18
)
 
 
Net of tax
 
$
(21
)
 
$
15

 
$
133

 
$
122

 
 
 
 
 
 
 
 
 
 
 
Unrealized gains on cash flow hedges
 
 
 


 


 


 


   Foreign exchange contracts
 
Revenue
 
$
22

 
$
10

 
$
92

 
$
24

   Interest rate contracts
 
Interest and other income, net
 
0

 
1

 
0

 
2

 
 
Provision for income taxes
 
(8
)
 
(4
)
 
(34
)
 
(10
)
 
 
Net of tax
 
$
14

 
$
7

 
$
58

 
$
16

 
 
 
 

 

 

 

Total amount reclassified, net of tax
 
 
 
$
(7
)
 
$
22

 
$
191

 
$
138