Company: GOOGL
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001652044-25-000091
Chunk: 36

Company: Alphabet Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 36
---
Corporate debt securities438 0 3,161 (43)3,599 (43)Mortgage-backed and asset-backed securities2,079 (25)2,718 (139)4,797 (164)Total$6,009 $(35)$7,235 $(200)$13,244 $(235)We determine realized gains or losses on the sale or extinguishment of debt securities on a specific identification method. The following table summarizes gains and losses for debt securities, reflected as a component of OI&E (in millions):    Three Months EndedNine Months EndedSeptember 30,September 30, 2024202520242025Unrealized gain (loss) on fair value option debt securities$262 $15 $193 $242 Gross realized gain on debt securities196 135 426 485 Gross realized loss on debt securities(316)(30)(1,252)(268)(Increase) decrease in allowance for credit losses18 2 21 30 Total gain (loss) on debt securities recognized in other income (expense), net$160 $122 $(612)$489 

Equity InvestmentsThe carrying value of equity securities is measured as the total initial cost plus the cumulative net gain (loss). Gains and losses, including impairments, are included as a component of OI&E in the Consolidated Statements of Income. See Note 7 for further details on OI&E. Certain of our non-marketable equity securities include our investments in variable interest entities (VIEs) where we are not the primary beneficiary. See Note 5 for further details on VIEs.

15

Table of ContentsAlphabet Inc.

The carrying values for marketable and non-marketable equity securities are summarized below (in millions):As of December 31, 2024As of September 30, 2025Marketable Equity SecuritiesNon-Marketable Equity SecuritiesTotalMarketable Equity SecuritiesNon-Marketable Equity SecuritiesTotalTotal initial cost$4,767 $21,240 $26,007 $5,159 $27,105 $32,264 Cumulative net gain (loss)(1)312 14,291 14,603 1,934 33,965 35,899 Carrying value$5,079 $35,531 $40,610 $7,093 $61,070 $68,163 (1)