Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2015

Balance Sheet Components Disclosure [Abstract]

Property and Equipment

Property and equipment consisted of the following (in millions):

	As of December 31, 2014			As of March 31, 2015
				(unaudited)
Information technology assets	$	10,918		$	11,855
Land and buildings	13,326			13,479
Construction in progress	6,555			7,415
Leasehold improvements	1,868			2,016
Furniture and fixtures	79			78
Property and equipment, gross	32,746			34,843
Less: accumulated depreciation and amortization	(8,863		)	(9,395		)
Property and equipment, net	$	23,883		$	25,448

Schedule of Notes Receivable

Based on the general market conditions and the credit quality of Lenovo, we discounted the Note Receivable at an effective interest rate of 4.5% as shown in the table below (in millions):

	As of December 31, 2014			As of March 31, 2015
				(unaudited)
Principal of the Note Receivable	$	1,500		$	1,500
Less: unamortized discount for the Note Receivable	(175		)	(160		)
Total	$	1,325		$	1,340

Components of Accumulated Other Comprehensive Income

The components of AOCI, net of tax, were as follows (in millions, unaudited):

	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) 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 before reclassifications	65		217			10			292
Amounts reclassified from AOCI	0		(67		)	(5		)	(72		)
Other comprehensive income	65		150			5			220
Balance as of March 31, 2014	$	81	$	200		$	64		$	345

	Foreign Currency Translation Adjustments			Unrealized Gains (Losses) on Available-for-Sale Investments			Unrealized Gains on Cash Flow Hedges			Total
Balance as of December 31, 2014	$	(980	)	$	421		$	586		$	27
Other comprehensive income (loss) before reclassifications	(923		)	221			562			(140		)
Amounts reclassified from AOCI	0			(27		)	(231		)	(258		)
Other comprehensive income (loss)	(923		)	194			331			(398		)
Balance as of March 31, 2015	$	(1,903	)	$	615		$	917		$	(371	)

Schedule of Effect on Net Income of Amounts Reclassified from Accumulated OCI

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 March 31,
AOCI Components	Location	2014			2015
Unrealized gains on available-for-sale investments
	Interest and other income, net	$	74		$	32
	Provision for income taxes	(7		)	(5		)
	Net of tax	$	67		$	27
Unrealized gains on cash flow hedges
Foreign exchange contracts	Revenue	$	8		$	311
Interest rate contracts	Interest and other income, net	0			1
	Provision for income taxes	(3		)	(81		)
	Net of tax	$	5		$	231
Total amount reclassified, net of tax		$	72		$	258