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Stockholders' equity
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Stockholders' equity Stockholders’ equity
Stock repurchase program
Activity under our stock repurchase program, on a trade date basis, was as follows (in millions):
 
2019
 
2018
 
Shares
 
Dollars 
 
Shares *
 
Dollars
First quarter
15.9

 
$
3,031

 
56.4

 
$
10,787

Second quarter
13.1

 
2,349

 
18.2

 
3,190

Third quarter
6.2

 
1,170

 
8.7

 
1,713

Total stock repurchases
35.2

 
$
6,550

 
83.4

 
$
15,690


* Total shares do not add due to rounding.
In May 2019, our Board of Directors increased the amount authorized under our stock repurchase program by an additional $5.0 billion. As of September 30, 2019, $3.6 billion of authorization remained available under our stock repurchase program.
Dividends
In August 2019, March 2019 and December 2018, the Board of Directors declared quarterly cash dividends of $1.45 per share, which were paid in September 2019, June 2019 and March 2019, respectively. In October 2019, the Board of Directors declared a quarterly cash dividend of $1.45 per share, which will be paid on December 6, 2019.
Accumulated other comprehensive income (loss)
The components of Accumulated other comprehensive income (loss) (AOCI) were as follows (in millions):
 
Foreign
currency
translation
 
Cash flow
hedges
 
Available-for-sale
securities
 
Other
 
AOCI
Balance as of December 31, 2018
$
(670
)
 
$
241

 
$
(338
)
 
$
(2
)
 
$
(769
)
Foreign currency translation adjustments
(13
)
 
—

 
—

 
—

 
(13
)
Unrealized gains
—

 
30

 
218

 
—

 
248

Reclassification adjustments to income
—

 
28

 
4

 
—

 
32

Income taxes
—

 
(13
)
 
(1
)
 
—

 
(14
)
Balance as of March 31, 2019
(683
)
 
286

 
(117
)
 
(2
)
 
(516
)
Foreign currency translation adjustments
(4
)
 
—

 
—

 
—

 
(4
)
Unrealized (losses) gains
—

 
(96
)
 
161

 
—

 
65

Reclassification adjustments to income
—

 
(36
)
 
2

 
—

 
(34
)
Other
—

 
—

 
—

 
6

 
6

Income taxes
—

 
28

 
(10
)
 
—

 
18

Balance as of June 30, 2019
(687
)
 
182

 
36

 
4

 
(465
)
Foreign currency translation adjustments
(39
)
 
—

 
—

 
—

 
(39
)
Unrealized gains
—

 
71

 
35

 
—

 
106

Reclassification adjustments to income
—

 
38

 
3

 
—

 
41

Income taxes
—

 
(23
)
 
(8
)
 
—

 
(31
)
Balance as of September 30, 2019
$
(726
)
 
$
268

 
$
66

 
$
4

 
$
(388
)


Reclassifications out of AOCI and into earnings were as follows (in millions):
 
 
Three months ended September 30,
 
 
Components of AOCI
 
2019
 
2018
 
Condensed Consolidated
Statements of Income locations
Cash flow hedges:
 
 
 
 
 
 
Foreign currency contract gains
 
$
26

 
$
3

 
Product sales
Cross-currency swap contract losses
 
(64
)
 
(36
)
 
Interest and other income, net
 
 
(38
)
 
(33
)
 
Income before income taxes
 
 
8

 
7

 
Provision for income taxes
 
 
$
(30
)
 
$
(26
)
 
Net income
Available-for-sale securities:
 
 
 
 
 
 
Net realized losses
 
$
(3
)
 
$
(103
)
 
Interest and other income, net
 
 
—

 
1

 
Provision for income taxes
 
 
$
(3
)
 
$
(102
)
 
Net income
 
 
Nine months ended September 30,
 
 
Components of AOCI
 
2019
 
2018
 
Condensed Consolidated
Statements of Income locations
Cash flow hedges:
 
 
 
 
 
 
Foreign currency contract gains (losses)
 
$
62

 
$
(51
)
 
Product sales
Cross-currency swap contract losses
 
(92
)
 
(170
)
 
Interest and other income, net
 
 
(30
)
 
(221
)
 
Income before income taxes
 
 
6

 
47

 
Provision for income taxes
 
 
$
(24
)
 
$
(174
)
 
Net income
Available-for-sale securities:
 
 
 
 
 
 
Net realized losses
 
$
(9
)
 
$
(352
)
 
Interest and other income, net
 
 
—

 
3

 
Provision for income taxes
 
 
$
(9
)
 
$
(349
)
 
Net income