Company: GOOGL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001652044-25-000062
Chunk: 40

Company: Alphabet Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
 of December 31, 2024As of June 30, 2025  Assets(1)Liabilities(2)Assets(1)Liabilities(2)Derivatives designated as hedging instruments:Foreign exchange contracts$1,054 $0 $36 $1,541 Derivatives not designated as hedging instruments:Foreign exchange contracts200593815188Other contracts4741925229Total derivatives not designated as hedging instruments674 612 1,067 217 Total$1,728 $612 $1,103 $1,758 (1)    Derivative assets are recorded as other current and non-current assets in the Consolidated Balance Sheets.(2)    Derivative liabilities are recorded as accrued expenses and other liabilities, current and non-current in the Consolidated Balance Sheets.The gains (losses) on derivatives and non-derivative financial instruments in cash flow hedging and net investment hedging relationships recognized in other comprehensive income (OCI) are summarized below (in millions):Three Months EndedSix Months Ended June 30,June 30,2024202520242025Cash flow hedging relationship:Foreign exchange contractsAmount included in the assessment of effectiveness$277 $(1,050)$432 $(1,389)Amount excluded from the assessment of effectiveness(7)(108)51 (169)Net investment hedging relationship:Amount included in the assessment of effectivenessForeign exchange contracts120 (643)202 (849)Foreign currency-denominated debt0 (219)0 (219)Total$390 $(2,020)$685 $(2,626)

18

 The table below presents the gains (losses) of derivatives included in the Consolidated Statements of Income: (in millions):Three Months Ended June 30,20242025RevenuesOther income (expense), netRevenuesOther income (expense), netTotal amounts included in the Consolidated Statements of Income$84,742 $126 $96,428 $2,662 Effect of cash flow hedges:Foreign exchange contractsAmount reclassified from AOCI to income$106 $0 $(138)$0 Amount excluded from the assessment of effectiveness (amortized)(4)0 26 0 Effect of fair value hedges:Foreign exchange contractsHedged items0 (9)0 0 Derivatives designated as hedging instruments0 9 0 0