Google 2010 Annual Report Download - page 85

The components of accumulated other comprehensive income are as follows (in millions):
As of December 31,
2009 2010
Unrealized net gains on available-for-sale investments, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . $ 13 $ 94
Foreigncurrencytranslationadjustment ................................................. 83 (41)
Unrealized gains on cash flow hedges, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 85
Accumulated other comprehensive income ............................................... $105 $138
Note 12. Commitments and Contingencies
Operating Leases
We have entered into various non-cancelable operating lease agreements for certain of our offices, land, and
data centers throughout the world with original lease periods expiring between 2011 and 2063. We are committed
to pay a portion of the actual operating expenses under certain of these lease agreements. These operating
expenses are not included in the table below. Certain of these arrangements have free or escalating rent payment
provisions. We recognize rent expense under such arrangements on a straight-line basis.
At December 31, 2010, future minimum payments under non-cancelable operating leases, along with
sublease income amounts, were as follows over each of the next five years and thereafter (in millions):
Operating
Leases Sub-lease Income
Net
Operating
Leases
2011 ................................................................... $ 323 $13 $ 310
2012................................................................... 319 16 303
2013 .................................................................. 279 15 264
2014 .................................................................. 223 14 209
2015 .................................................................. 189 13 176
Thereafter .............................................................. 1,058 15 1,043
Total minimum payments required ........................................ $2,391 $86 $2,305
Certain leases have adjustments for market provisions. Amounts in the above table represent our best
estimates of future payments to be made under these leases. In addition, the above table does not include future
rental income of $812 million related to the leases that we assumed in connection with our purchase of an office
building in New York City. Rent expense under operating leases, including co-location arrangements, was $314
million, $323 million, and $293 million in 2008, 2009, and 2010.
Purchase Obligations
We had $565 million of other non-cancelable contractual obligations, principally for data center activities, and
$2.4 billion of open purchase orders for which we had not received the related services or goods at December 31,
2010. We have the right to cancel these open purchase orders prior to the date of delivery.
Letters of Credit
At December 31, 2010, we had unused letters of credit for $65 million.
Indemnifications
In the normal course of business to facilitate transactions of our services and products, we indemnify certain
parties, including advertisers, Google Network members, and lessors with respect to certain matters. We have
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