Policy

Balance Sheet Components

Inventories

Inventories consisted of the following (in millions):



	As of December 31, 2012		As of December 31, 2013
Raw materials and work in process	$	77	$	115
Finished goods	428		311
Inventories	$	505	$	426

Property and Equipment

Property and equipment consisted of the following (in millions):



	As of December 31, 2012		As of December 31, 2013
Information technology assets	$	7,717	$	9,094
Land and buildings	6,257		7,488
Construction in progress	2,240		5,602
Leasehold improvements	1,409		1,576
Furniture and fixtures	74		77
Total	17,697		23,837
Less: accumulated depreciation and amortization	5,843		7,313
Property and equipment, net	$	11,854	$	16,524

Property under capital lease with a cost basis of $258 million was included in construction in progress as of December 31, 2013.

Accumulated Other Comprehensive Income

The components of AOCI, net of tax, were as follows (in millions):



	Foreign Currency Translation Adjustments			Unrealized Gains (Losses) on Available-for-Sale Investments			Unrealized Gains on Cash Flow Hedges			Total
Balance as of December 31, 2012	$	(73	)	$	604		$	7		$	538

Other comprehensive income (loss) before reclassifications	89			(392		)	112			(191		)
Amounts reclassified from AOCI	0			(162		)	(60		)	(222		)
Other comprehensive income (loss)	89			(554		)	52			(413		)
Balance as of December 31, 2013	$	16		$	50		$	59		$	125

The effects on net income of amounts reclassified from AOCI for the year ended December 31, 2013 were as follows (in millions):



AOCI Components	Location	Gains (Losses) Reclassified from AOCI to the Consolidated Statement of Income
Unrealized gains on available-for-sale investments	Interest and other income, net	$	201
	Provision for income taxes	(39		)
	Net of tax	$	162

Unrealized gains on cash flow hedges for foreign exchange contracts	Revenue	$	95
	Provision for income taxes	(35		)
	Net of tax	$	60

Total amount reclassified, net of tax		$	222

Google Inc. | 2013 | FY |