Company: GOOGL
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001652044-25-000043
Chunk: 95

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 8
Chunk 95
---
Financial 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 

18

As of March 31, 2025Gross 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$798 $(100)$698 $(301)$(242)$155 Derivatives liabilities$589 $(100)$489 $(301)$(3)$185 (1)The balances as of December 31, 2024 and March 31, 2025 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): Three Months EndedMarch 31,20242025Operating lease cost$804 $790 Finance lease cost:Amortization of lease assets83 96 Interest on lease liabilities7 15 Finance lease cost90 111 Variable lease cost343 360 Total lease cost$1,237 $1,261 Supplemental balance sheet information related to leases was as follows (in millions):As of December 31, 2024As ofMarch 31, 2025Weighted average remaining lease termOperating leases7.8 years7.9 yearsFinance leases10.4 years10.2 yearsWeighted average discount rateOperating leases3.4 %3.5 %Finance leases2.8 %3.3 %

19

As of December 31, 2024As ofMarch 31, 2025Operating leases:Operating lease assets$13,588 $13,722 Accrued expenses and other liabilities$2,887 $2,873 Operating lease liabilities11,691 11,678 Total operating lease liabilities$14,578 $14,551 Finance Leases:Property and equipment, at cost$4