Company: GOOGL
Filing Date: 2025-02-05
Form Type: 10-K
Source: 0001652044-25-000014
Chunk: 44

Company: Alphabet Inc.
Filing Date: 2025-02-05
Form: 10-K
Item: Item 8
Chunk 44
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 47 474 19 Total derivatives not designated as hedging instruments248 203 674 612 Total$453 $445 $1,728 $612 (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 in cash flow hedging and net investment hedging relationships recognized in other comprehensive income (OCI) are summarized below (in millions): Year Ended December 31,202220232024Derivatives in cash flow hedging relationship:Foreign exchange contractsAmount included in the assessment of effectiveness$1,699 $90 $857 Amount excluded from the assessment of effectiveness(188)84 77 Derivatives in net investment hedging relationship:Foreign exchange contractsAmount included in the assessment of effectiveness608 (287)223 Total$2,119 $(113)$1,157 

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Table of ContentsAlphabet Inc.

The table below presents the gains (losses) of our derivatives included in the Consolidated Statements of Income: (in millions):Year Ended December 31,202220232024RevenuesOther income (expense), netRevenuesOther income (expense), netRevenuesOther income (expense), netTotal amounts included  in the Consolidated Statements of Income$282,836 $(3,514)$307,394 $1,424 $350,018 $7,425 Effect of cash flow hedges:Foreign exchange contractsAmount reclassified from AOCI to income$2,046 $0 $213 $0 $174 $0 Amount excluded from the assessment of effectiveness (amortized)(85)0 24 0 37 0 Effect of fair value hedges:Foreign exchange contractsHedged items0 (162)0 59 0 (59)Derivatives designated as hedging instruments0 163 0 (59)0 58 Amount excluded from the assessment of effectiveness0 16 0 15 0 13 Effect of net investment hedges:Foreign exchange contractsAmount excluded from the assessment of effectiveness0 171 0 187 0 137 Effect of non designated hedges:Foreign exchange contracts0 (395)07 0 335 Other contracts0