Company: GOOGL
Filing Date: 2025-04-29
Form Type: 424B5
Source: 0001193125-25-101705
Chunk: 42

Company: Alphabet Inc.
Filing Date: 2025-04-29
Form: 424B5
Chunk 42
---
 stated interest will be taxable to a U.S. holder as ordinary interest income at the time that such payments are accrued or are actually or
constructively received (in accordance with the U.S. holder’s method of tax accounting for U.S. federal income tax purposes). It is expected, and this discussion assumes, that the notes will not be issued with original issue discount
(“OID”) in an amount equal to or in excess of a de minimisamount for U.S. federal income tax purposes. In general, however, if the notes are issued with OID that is equal to or more than a de minimisamount, regardless of a
U.S. holder’s regular method of accounting for U.S. federal income tax purposes, the U.S. holder will be required to include OID as ordinary gross income under a “constant yield method” before the receipt of cash attributable to such
income. OID generally will be accrued in euros and translated into dollars at the average exchange rate in effect during the interest accrual period (or portion thereof within the holder’s taxable year). The U.S. holder generally will recognize
foreign currency gain or loss to the extent the amount accrued differs from the U.S. dollar value of the euros amounts when received.

A U.S. holder that
uses the cash method of accounting for U.S. federal income tax purposes and that receives a payment of interest on a note will be required to include in ordinary income the U.S. dollar value of the euros interest payment determined based on the
exchange rate in effect on the date the payment is received, regardless of whether the payment is in fact converted to U.S. dollars. A U.S. holder that uses the accrual method of accounting for U.S. federal income tax purposes will accrue interest
income on a note in euros and translate the amount accrued into U.S. dollars based on the average exchange rate in effect during the interest accrual period (or portion thereof within the holder’s taxable year), or at the holder’s
election, at the spot rate of exchange on the last day of the accrual period (or the last day of the taxable year within such accrual period if the accrual period spans more than one taxable year), or at the spot rate of exchange on the date of
receipt, if that date is

S-24

within five business days of the last day of the accrual period. A U.S. holder that makes this election must apply it consistently to all debt instruments from year to year and cannot change the