Due in 1 year through 5 years



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| [Table of Contents](#if498f6f02e5a474790944835d386b56b_7) | Alphabet Inc. |



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|   | As of March 31, 2022 |
|   | AdjustedCost |  | GrossUnrealizedGains |  | GrossUnrealizedLosses |  | FairValue |  | Cash and CashEquivalents |  | MarketableSecurities |
| Level 2: |  |  |  |  |  |  |  |  |  |  |  |
| Time deposits(1) | $ | 4,690  |  |  | $ | 0  |  |  | $ | 0  |  |  | $ | 4,690  |  |  | $ | 4,690  |  |  | $ | 0  |  |
| Government bonds | 50,485  |  |  | 58  |  |  | (1,365) |  |  | 49,178  |  |  | 0  |  |  | 49,178  |  |
| Corporate debt securities | 36,621  |  |  | 30  |  |  | (1,043) |  |  | 35,608  |  |  | 10  |  |  | 35,598  |  |
| Mortgage-backed and asset-backed securities | 18,852  |  |  | 6  |  |  | (594) |  |  | 18,264  |  |  | 0  |  |  | 18,264  |  |
| Total | $ | 110,648  |  |  | $ | 94  |  |  | $ | (3,002) |  |  | $ | 107,740  |  |  | $ | 4,700  |  |  | $ | 103,040  |  |

(1)The majority of our time deposits are domestic deposits.We determine realized gains or losses on the sale or extinguishment of debt securities on a specific identification method. We recognized gross realized gains of $135 million and $40 million for the three months ended March 31, 2021 and 2022, respectively. We recognized gross realized losses of $136 million and $271 million for the three months ended March 31, 2021 and 2022, respectively. We reflect these gains and losses as a component of other income (expense), net.The following table summarizes the estimated fair value of investments in marketable debt securities by stated contractual maturity dates (in millions):

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|  | As ofMarch 31, 2022 |
| Due in 1 year or less | $ | 15,516  |  |
| Due in 1 year through 5 years | 75,938  |  |
| Due in 5 years through 10 years | 4,755  |  |
| Due after 10 years | 12,245  |  |
| Total | $ | 108,454  |  |

The following tables present fair values and gross unrealized losses recorded to AOCI, aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in millions):

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|   | As of December 31, 2021 |
|   | Less than 12 Months |  | 12 Months or Greater |  | Total |
|   | Fair Value |  | UnrealizedLoss |  | Fair Value |  | UnrealizedLoss |  | Fair Value |  | UnrealizedLoss |
| Government bonds | $ | 32,843  |  |  | $ | (236) |  |  | $ | 71  |  |  | $ | (2) |  |  | $ | 32,914  |  |  | $ | (238) |  |
| Corporate debt securities | 22,737  |  |  | (152) |  |  | 303  |  |  | (5) |  |  | 23,040  |  |  | (157) |  |
| Mortgage-backed and asset-backed securities | 11,502  |  |  | (106) |  |  | 248  |  |  | (6) |  |  | 11,750  |  |  | (112) |  |
| Total | $ | 67,082  |  |  | $ | (494) |  |  | $ | 622  |  |  | $ | (13) |  |  | $ | 67,704  |  |  | $ | (507) |  |



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|   | As of March 31, 2022 |
|   | Less than 12 Months |  | 12 Months or Greater |  | Total |
|   | Fair Value |  | UnrealizedLoss |  | Fair Value |  | UnrealizedLoss |  | Fair Value |  | UnrealizedLoss |
| Government bonds | $ | 37,948  |  |  | $ | (1,203) |  |  | $ | 3,909  |  |  | $ | (162) |  |  | $ | 41,857  |  |  | $ | (1,365) |  |
| Corporate debt securities | 27,403  |  |  | (879) |  |  | 2,572  |  |  | (164) |  |  | 29,975  |  |  | (1,043) |  |
| Mortgage-backed and asset-backed securities | 15,415  |  |  | (532) |  |  | 1,101  |  |  | (62) |  |  | 16,516  |  |  | (594) |  |
| Total | $ | 80,766  |  |  | $ | (2,614) |  |  | $ | 7,582  |  |  | $ | (388) |  |  | $ | 88,348  |  |  | $ | (3,002) |  |

During the three months ended March 31, 2021 and 2022, we did not recognize significant credit losses and the ending allowance balances for credit losses were immaterial as of December 31, 2021 and March 31, 2022. See Note 6 for further details on other income (expense), net.12
