Company: GOOGL
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001652044-25-000091
Chunk: 110

Company: Alphabet Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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1934018Total derivatives not designated as hedging instruments674 612 352 75 Total$1,728 $612 $595 $436 (1)    Derivative assets are recorded as other current and non-current assets in the Consolidated Balance Sheets.(2)    Derivative liabilities are recorded as accrued expenses and other liabilities, current and non-current in the Consolidated Balance Sheets.The gains (losses) on derivatives and non-derivative financial instruments in cash flow hedging and net investment hedging relationships recognized in other comprehensive income (OCI) are summarized below (in millions):Three Months EndedNine Months Ended September 30,September 30,2024202520242025Cash flow hedging relationship:Foreign exchange contractsAmount included in the assessment of effectiveness$(738)$278 $(306)$(1,111)Amount excluded from the assessment of effectiveness(103)128 (52)(41)Net investment hedging relationship:Amount included in the assessment of effectivenessForeign exchange contracts(424)55 (222)(794)Foreign currency-denominated debt0 11 0 (208)Total$(1,265)$472 $(580)$(2,154)

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 The table below presents the gains (losses) of derivatives included in the Consolidated Statements of Income: (in millions):Three Months Ended September 30,20242025RevenuesOther income (expense), netRevenuesOther income (expense), netTotal amounts included in the Consolidated Statements of Income$88,268 $3,185 $102,346 $12,759 Effect of cash flow hedges:Foreign exchange contractsAmount reclassified from AOCI to income$(6)$0 $(237)$0 Amount excluded from the assessment of effectiveness (amortized)23 0 30 0 Effect of fair value hedges:Foreign exchange contractsHedged items0 69 0 0 Derivatives designated as hedging instruments0 (69)0 0 Amount excluded from the assessment of effectiveness0 4 0 0 Effect of net investment hedges:Foreign exchange contractsAmount excluded from the assessment of effectiveness0 47 0 87 Effect of non-designated hedges:Foreign exchange contracts0 (52)0 76 Other contracts0 (32)0 11 Total gains (losses)$17 $(33)$(207)$174 

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Nine Months Ended