| OTHER FINANCIAL STATEMENT DETAILS ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended September 30, 2021: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Cash Flow Hedges | | Unrealized Losses on Investments | | Foreign Currency Translation Adjustment (“CTA”) | | Net Investment Hedge CTA Gain | | Estimated Tax (Expense) Benefit | | Total | | (In millions) | | Beginning balance | $ | (93) | | | $ | (6) | | | $ | (220) | | | $ | 24 | | | $ | 3 | | | $ | (292) | | | Other comprehensive income (loss) before reclassifications | 160 | | | — | | | (29) | | | — | | | (7) | | | 124 | | | Less: Amount of loss reclassified from accumulated other comprehensive income (“AOCI”) | (44) | | | — | | | — | | | — | | | — | | | (44) | | | Net current period other comprehensive income (loss) | 204 | | | — | | | (29) | | | — | | | (7) | | | 168 | | | Ending balance | $ | 111 | | | $ | (6) | | | $ | (249) | | | $ | 24 | | | $ | (4) | | | $ | (124) | |
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended September 30, 2020: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Cash Flow Hedges | | Unrealized Gains (Losses) on Investments | | Foreign CTA | | Net Investment Hedge CTA Gain | | Estimated Tax (Expense) Benefit | | Total | | (In millions) | | Beginning balance | $ | 58 | | | $ | 24 | | | $ | (269) | | | $ | 24 | | | $ | (7) | | | $ | (170) | | | Other comprehensive income (loss) before reclassifications | (180) | | | (12) | | | 8 | | | — | | | 5 | | | (179) | | | Less: Amount of loss reclassified from AOCI | (17) | | | — | | | — | | | — | | | — | | | (17) | | | Net current period other comprehensive income (loss) | (163) | | | (12) | | | 8 | | | — | | | 5 | | | (162) | | | Ending balance | $ | (105) | | | $ | 12 | | | $ | (261) | | | $ | 24 | | | $ | (2) | | | $ | (332) | |
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the nine months ended September 30, 2021: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Cash Flow Hedges | | Unrealized Gains (Losses) on Investments | | Foreign CTA | | Net Investment Hedge CTA Gain | | Estimated Tax (Expense) Benefit | | Total | | (In millions) | | Beginning balance | $ | (323) | | | $ | 11 | | | $ | (198) | | | $ | 24 | | | $ | 2 | | | $ | (484) | | | Other comprehensive income (loss) before reclassifications | 242 | | | (17) | | | (51) | | | — | | | (6) | | | 168 | | | Less: Amount of loss reclassified from AOCI | (192) | | | — | | | — | | | — | | | — | | | (192) | | | Net current period other comprehensive income (loss) | 434 | | | (17) | | | (51) | | | — | | | (6) | | | 360 | | | Ending balance | $ | 111 | | | $ | (6) | | | $ | (249) | | | $ | 24 | | | $ | (4) | | | $ | (124) | |
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the nine months ended September 30, 2020: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Cash Flow Hedges | | Unrealized Gains on Investments | | Foreign CTA | | Net Investment Hedge CTA Gain (Loss) | | Estimated Tax Expense | | Total | | (In millions) | | Beginning balance | $ | 6 | | | $ | 2 | | | $ | (150) | | | $ | (31) | | | $ | — | | | $ | (173) | | | Other comprehensive income (loss) before reclassifications | (53) | | | 10 | | | (111) | | | 55 | | | (2) | | | (101) | | | Less: Amount of gain reclassified from AOCI | 58 | | | — | | | — | | | — | | | — | | | 58 | | | Net current period other comprehensive income (loss) | (111) | | | 10 | | | (111) | | | 55 | | | (2) | | | (159) | | | Ending balance | $ | (105) | | | $ | 12 | | | $ | (261) | | | $ | 24 | | | $ | (2) | | | $ | (332) | |
The following table provides details about reclassifications out of AOCI for the periods presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Details about AOCI Components | | Amount of Gains (Losses) Reclassified from AOCI | | Affected Line Item in the Statement of Income | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | | 2021 | | 2020 | | 2021 | | 2020 | | | | | (In millions) | | (In millions) | | | (Losses) gains on cash flow hedges—foreign exchange contracts | | $ | (44) | | | $ | (17) | | | $ | (192) | | | $ | 58 | | | Net revenues | | Unrealized gains (losses) on investments | | — | | | — | | | — | | | — | | | Other income (expense), net | | | $ | (44) | | | $ | (17) | | | $ | (192) | | | $ | 58 | | | Income before income taxes | | | — | | | — | | | — | | | — | | | Income tax expense | | Total reclassifications for the period | | $ | (44) | | | $ | (17) | | | $ | (192) | | | $ | 58 | | | Net income | | | | | | | | | | | |
OTHER INCOME (EXPENSE), NET
The following table reconciles the components of other income (expense), net for the periods presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2021 | | 2020 | | 2021 | | 2020 | | (In millions) | | Interest income | $ | 15 | | | $ | 17 | | | $ | 43 | | | $ | 72 | | | Interest expense | (58) | | | (58) | | | (173) | | | (150) | | | Net gains on strategic investments | 173 | | | 209 | | | 336 | | | 973 | | | Other | (8) | | | (1) | | | (25) | | | (15) | | | Other income (expense), net | $ | 122 | | | $ | 167 | | | $ | 181 | | | $ | 880 | |
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