Company: GOOGL
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001652044-25-000091
Chunk: 104

Company: Alphabet Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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asured 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 September 30, 2025, the carrying value of our non-marketable equity securities was $61.1 billion, of which $38.9 billion was remeasured at fair value during the three months ended September 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 ofSeptember 30, 2025Due in 1 year or less$5,952 Due in 1 year through 5 years36,655 Due in 5 years through 10 years13,390 Due after 10 years13,404 Total$69,401 The following tables present fair values and gross unrealized losses recorded to AOCI, aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in millions): As of December 31, 2024 Less than 12 Months12 Months or GreaterTotal Fair ValueUnrealizedLossFair ValueUnrealizedLossFair ValueUnrealizedLossGovernment bonds$11,119 $(126)$2,576 $(88)$13,695 $(214)Corporate debt securities4,228 (17)6,838 (168)11,066 (185)Mortgage-backed and asset-backed securities5,222 (106)3,813 (279)9,035