Company: GOOGL
Filing Date: 2025-02-05
Form Type: 10-K
Source: 0001652044-25-000014
Chunk: 45

Company: Alphabet Inc.
Filing Date: 2025-02-05
Form: 10-K
Item: Item 8
Chunk 45
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 144 0 53 0 174 Total gains (losses)$1,961 $(63)$237 $262 $211 $658 

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.

71.  

Table of ContentsAlphabet Inc.

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, 2023Gross 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$535 $(82)$453 $(213)$(75)$165 Derivatives liabilities$527 $(82)$445 $(213)$(16)$216 As of December 31, 2024Gross Amounts Not Offset in the Consolidated Balance Sheets, but Have Legal Rights to OffsetGross AmountsRecognizedGross 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 (1)    The balances as of December 31, 2023 and 2024 were related to derivatives allowed to be net settled in accordance with our master netting agreements.

Note 4.        Leases 

We have entered into operating and finance lease agreements primarily for data centers, land, and offices throughout the world with varying lease terms.Components of lease costs were as follows (in millions):Year Ended December 31,202220232024Operating lease cost$2,900 $3,362 $3,304 Finance lease cost:Amortization of lease assets474 469 413 Interest on