Company: GOOGL
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001652044-25-000043
Chunk: 42

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 (20)Net of income tax(311)84 Unrealized gains (losses) on cash flow hedgesForeign exchange contractsRevenue74 242 Interest rate contractsOther income (expense), net1 0 Benefit (provision) for income taxes(4)(45)Net of income tax71 197 Total amount reclassified, net of income tax$(240)$281 Other Income (Expense), NetComponents of OI&E were as follows (in millions): Three Months EndedMarch 31, 20242025Interest income$1,061 $1,001 Interest expense(1)(94)(34)Foreign currency exchange gain (loss), net(238)(106)Gain (loss) on debt securities, net(462)202 Gain (loss) on equity securities, net2,243 9,758 Performance fees104 (40)Income (loss) and impairment from equity method investments, net(26)(22)Other255 424 Other income (expense), net$2,843 $11,183 (1)Interest expense is net of interest capitalized of $43 million and $79 million for the three months ended March 31, 2024 and 2025, respectively.

Note 8.    Acquisitions

Pending AcquisitionIn March 2025, we entered into a definitive agreement to acquire Wiz, a leading cloud security platform, for $32.0 billion, subject to closing adjustments, in an all-cash transaction. The acquisition of Wiz is expected to close in 2026, subject to customary closing conditions, including the receipt of regulatory approvals. Upon the close of the acquisition, Wiz will be part of the Google Cloud segment.

Note 9.    Goodwill

Changes in the carrying amount of goodwill for the three months ended March 31, 2025 were as follows (in millions):Google ServicesGoogle CloudOther BetsTotalBalance as of December 31, 2024$23,521 $7,490 $874 $31,885 Additions289 0 0 289 Foreign currency translation and other adjustments(2)0 1 (1)Balance as of March 31, 2025$23,808 $7,490 $875 $32,173 

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Note 10.    Commitments and Contingencies

CommitmentsWe have content licensing agreements with future fixed or minimum guaranteed commitments