Company: GOOGL
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001652044-25-000091
Chunk: 42

Company: Alphabet Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 (amortized)17 0 73 0 Effect of fair value hedges:Foreign exchange contractsHedged items0 44 0 (9)Derivatives designated as hedging instruments0 (45)0 9 Amount excluded from the assessment of effectiveness0 10 0 1 Effect of net investment hedges:Foreign exchange contractsAmount excluded from the assessment of effectiveness0 114 0 146 Effect of non-designated hedges:Foreign exchange contracts0 (53)0 321 Other contracts0 70 0 (84)Total gains (losses)$191 $140 $(60)$384 

Offsetting of DerivativesWe enter into master netting arrangements and collateral security arrangements to reduce credit risk. Cash collateral received related to derivative instruments under our collateral security arrangements are included in other current assets with a corresponding liability. Cash and non-cash collateral pledged related to derivative instruments under our collateral security arrangements are included in other current assets.The gross amounts of derivative instruments subject to master netting arrangements with various counterparties, and cash and non-cash collateral received and pledged under such agreements were as follows (in millions):As of December 31, 2024Gross Amounts Not Offset in the Consolidated Balance Sheets, but Have Legal Rights to OffsetGross Amounts RecognizedGross Amounts Offset in the Consolidated Balance SheetsNet Amounts Presented in the Consolidated Balance SheetsFinancial Instruments(1)Cash and Non-Cash Collateral Received or PledgedNet AmountsDerivatives assets$1,776 $(48)$1,728 $(516)$(721)$491 Derivatives liabilities$660 $(48)$612 $(516)$(9)$87 

20

As of September 30, 2025Gross Amounts Not Offset in the Consolidated Balance Sheets, but Have Legal Rights to OffsetGross Amounts RecognizedGross Amounts Offset in the Consolidated Balance SheetsNet Amounts Presented in the Consolidated Balance SheetsFinancial Instruments(1)Cash and Non-Cash Collateral Received or PledgedNet AmountsDerivatives assets$691 $(96)$595 $(130)$(111)$354 Derivatives liabilities$532 $(96)$436 $(130)$(20)$286 (1)The balances as of December 31, 2024 and September 30, 2025 were related to derivatives allowed to be net settled in