Company: GOOGL
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001652044-25-000043
Chunk: 101

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 8
Chunk 101
---
 Total amount reclassified, net of income tax$(240)$281 Other Income (Expense), NetComponents of OI&E were as follows (in millions): Three Months EndedMarch 31, 20242025Interest income$1,061 $1,001 Interest expense(1)(94)(34)Foreign currency exchange gain (loss), net(238)(106)Gain (loss) on debt securities, net(462)202 Gain (loss) on equity securities, net2,243 9,758 Performance fees104 (40)Income (loss) and impairment from equity method investments, net(26)(22)Other255 424 Other income (expense), net$2,843 $11,183 (1)Interest expense is net of interest capitalized of $43 million and $79 million for the three months ended March 31, 2024 and 2025, respectively.

Note 8.    Acquisitions

Pending AcquisitionIn March 2025, we entered into a definitive agreement to acquire Wiz, a leading cloud security platform, for $32.0 billion, subject to closing adjustments, in an all-cash transaction. The acquisition of Wiz is expected to close in 2026, subject to customary closing conditions, including the receipt of regulatory approvals. Upon the close of the acquisition, Wiz will be part of the Google Cloud segment.

Note 9.    Goodwill

Changes in the carrying amount of goodwill for the three months ended March 31, 2025 were as follows (in millions):Google ServicesGoogle CloudOther BetsTotalBalance as of December 31, 2024$23,521 $7,490 $874 $31,885 Additions289 0 0 289 Foreign currency translation and other adjustments(2)0 1 (1)Balance as of March 31, 2025$23,808 $7,490 $875 $32,173 

24

Note 10.    Commitments and Contingencies

CommitmentsWe have content licensing agreements with future fixed or minimum guaranteed commitments of $8.6 billion as of March 31, 2025, of which the majority is paid quarterly through the first quarter of 2030.IndemnificationsIn the normal course of business, including to facilitate transactions in our services and products and corporate activities, we indemnify certain parties, including advertisers, Google