Company: GOOGL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001652044-25-000062
Chunk: 34

Company: Alphabet Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 14,100 Total investments with fair value change reflected in other comprehensive income(1)63,053 702 (347)63,408 3,701 59,707 Fair value adjustments recorded in net incomeMoney market fundsLevel 15,473 5,473 0 Current marketable equity securitiesLevel 15,910 0 5,910 Mutual fundsLevel 2550 55Government bondsLevel 22,035162 1,873Corporate debt securitiesLevel 23,05577 2,978Mortgage-backed and asset-backed securitiesLevel 23,5890 3,589Total investments with fair value change recorded in net income20,117 5,712 14,405 Cash0 11,623 0 Total$63,053 $702 $(347)$83,525 $21,036 $74,112 (1)Represents gross unrealized gains and losses for debt securities recorded to AOCI.Investments Measured at Fair Value on a Nonrecurring Basis Our non-marketable equity securities are investments in privately held companies without readily determinable market values. The carrying value of our non-marketable equity securities is adjusted to fair value upon observable transactions for identical or similar investments of the same issuer or impairment. Non-marketable equity securities that have been remeasured during the period based on observable transactions are classified within Level 2 or Level 3 in the fair value hierarchy. Non-marketable equity securities that have been remeasured due to impairment are classified within Level 3. Our valuation methods include option pricing models, market comparable approach, and common stock equivalent method, which may include a combination of the observable transaction price at the transaction date and other unobservable inputs including volatility, expected time to exit, risk free rate, and the rights, and obligations of the securities we hold. These inputs vary significantly based on investment type.As of June 30, 2025, the carrying value of our non-marketable equity securities was $49.8 billion, of which $3.2 billion was remeasured at fair value during the three months ended June 30, 2025 and was primarily classified within Level 2 of the fair value hierarchy at the time of measurement.

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Table of ContentsAlphabet Inc.

Debt SecuritiesThe following table summarizes the estimated fair value of investments in available-for-sale marketable debt securities by effective contractual maturity dates (in millions):As ofJune 30, 202