Google 2013 Annual Report Download - page 69

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63
PART II
ITEM8.Notes to Consolidated Financial Statements
InAugust2013,weenteredintoacapitalleaseobligationoncertainpropertyexpiringin2028withanoptiontopurchasethe
propertyin2016.Theeectiverateofthecapitalleaseobligationapproximatesthemarketrate.Theestimatedfairvalueofthe
capitalleaseobligationapproximateditscarryingvalueatDecember31,2013.
AtDecember31,2013,aggregatefutureprincipalpaymentsforlong-termdebt(includingshort-termportionoflong-termdebt)
andcapitalleaseobligationwereasfollows(inmillions):
Years ending
2014 $ 1,009
2015 10
2016 1,236
2017 0
Thereafter 1,000
Total $3,255
 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xtures 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reclassications 89 (392) 112 (191)
AmountsreclassiedfromAOCI 0(162)(60) (222)
Othercomprehensiveincome(loss) 89 (554) 52 (413)
BalanceasofDecember31,2013 $16 $ 50 $ 59 $ 125
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