Company: GOOGL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001652044-25-000062
Chunk: 120

Company: Alphabet Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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37 $(694)$141 Benefit (provision) for income taxes65 (8)153 (28)Net of income tax(230)29 (541)113 Unrealized gains (losses) on cash flow hedgesForeign exchange contractsRevenue106 (138)180 104 Interest rate contractsOther income (expense), net0 0 1 0 Benefit (provision) for income taxes(11)31 (15)(14)Net of income tax95 (107)166 90 Total amount reclassified, net of income tax$(135)$(78)$(375)$203 Other Income (Expense), NetComponents of OI&E were as follows (in millions): Three Months EndedSix Months EndedJune 30,June 30, 2024202520242025Interest income$1,090 $1,050 $2,151 $2,051 Interest expense(1)(67)(261)(161)(295)Foreign currency exchange gain (loss), net(173)(69)(411)(175)Gain (loss) on debt securities, net(310)165 (772)367 Gain (loss) on equity securities, net(714)1,286 1,529 11,044 Performance fees128 (83)232 (123)Income (loss) and impairment from equity method investments, net32 419 6 397 Other140 155 395 579 Other income (expense), net$126 $2,662 $2,969 $13,845 (1)Interest expense is net of interest capitalized of $43 million and $92 million for the three months ended June 30, 2024 and 2025, respectively, and $86 million and $171 million for the six months ended June 30, 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.

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Note 9.    Goodwill

Changes in the carrying