v3.26.1
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Retained Earning
 
 
  
As of December 31,
 
 
  
2024
 
  
2025
 
  
2025
 
 
  
RMB
 
  
RMB
 
  
US$
 
 
  
(In millions)
 
PRC statutory reserve funds
     2,031        2,096        300  
Unreserved retained earnings
     178,042        175,598        25,110  
  
 
 
    
 
 
    
 
 
 
Total retained earnings
     180,073        177,694        25,410  
  
 
 
    
 
 
    
 
 
 
Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax
The changes in accumulated other comprehensive income (loss) by component, net of tax, were as follows:
 
 
  
Foreign
currency
translation
adjustments
 
 
Unrealized
gains (losses) on
available-for-sale

investments
 
 
Unrealized
gains
(losses) on
derivatives
 
 
Total
 
 
  
RMB
 
 
RMB
 
 
RMB
 
 
RMB
 
 
  
(In millions)
 
Balance at December 31, 2022
  
 
(1,326
) 
 
 
457
 
 
 
1,415
 
 
 
546
 
Other comprehensive loss before reclassification
     (626 )      (188 )      (422 )      (1,236 ) 
Amounts reclassified from accumulated other comprehensive loss
     (287 )      (13 )      —        (300 ) 
  
 
 
   
 
 
   
 
 
   
 
 
 
Net current-period other comprehensive loss
     (913 )      (201 )      (422 )      (1,536 ) 
Other comprehensive income attribute to noncontrolling interests and redeemable noncontrolling interests
     88       7       —        95  
  
 
 
   
 
 
   
 
 
   
 
 
 
Balance at December 31, 2023
  
 
(2,151
) 
 
 
263
 
 
 
993
 
 
 
(895
) 
  
 
 
   
 
 
   
 
 
   
 
 
 
Other comprehensive income (loss) before reclassification
     (428 )      103       (387 )      (712 ) 
Amounts reclassified from accumulated other comprehensive income (loss)
     (338 )      71       —        (267 ) 
  
 
 
   
 
 
   
 
 
   
 
 
 
Net current-period other comprehensive income (loss)
     (766 )      174       (387 )      (979 ) 
Other comprehensive income attribute to noncontrolling interests and redeemable noncontrolling interests
     71       —        —        71  
  
 
 
   
 
 
   
 
 
   
 
 
 
Balance at December 31, 2024
  
 
(2,846
) 
 
 
437
 
 
 
606
 
 
 
(1,803
) 
  
 
 
   
 
 
   
 
 
   
 
 
 
Other comprehensive income (loss) before reclassification
     624       (79 )     (511 )     34  
Amounts reclassified from accumulated other comprehensive loss
     —        (17 )     —        (17 )
  
 
 
   
 
 
   
 
 
   
 
 
 
Net current-period other comprehensive income (loss)
     624       (96 )     (511 )     17  
Other comprehensive income attribute to noncontrolling interests and redeemable noncontrolling interests
     73       63       —        136  
  
 
 
   
 
 
   
 
 
   
 
 
 
Balance at December 31, 2025
  
 
(2,149
)
 
 
404
 
 
 
95
 
 
 
(1,650
)
  
 
 
   
 
 
   
 
 
   
 
 
 
Balance at December 31, 2025, in US$
  
 
(308
)
 
 
58
 
 
 
14
 
 
 
(236
)
  
 
 
   
 
 
   
 
 
   
 
 
 
Tax Effect Allocated to Each Component of Other Comprehensive Loss
The following table sets forth the tax expense allocated to each component of other comprehensive loss for the years ended December 31, 2023, 2024 and 2025:
 
 
  
For the years ended December 31,
 
 
  
2023
 
  
2024
 
  
2025
 
  
2025
 
 
  
RMB
 
  
RMB
 
  
RMB
 
  
US$
 
 
  
(In millions)
 
Unrealized losses on
available-for-sale
investments
  
  
  
  
Other comprehensive loss before reclassification
     (13 )       (18 )       (4 )       (1 )