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Stockholders' equity
 9 Months Ended
Sep. 30, 2022
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):
20222021
 SharesDollars SharesDollars
First quarter24.6 $5,410 3.7 $865 
Second quarter— — 6.5 1,592 
Third quarter1.5 900 4.6 1,069 
Total stock repurchases26.1 $6,310 14.8 $3,526 
On February 24, 2022, the Company entered into ASR agreements with three third-party financial institutions (Dealers). Under the ASR agreements, the Company made payments in an aggregate amount of $6.0 billion on February 25, 2022, to the Dealers and received and retired an initial 23.3 million shares of the Company’s common stock from the Dealers. The payments were recorded as reductions to shareholders’ equity, consisting of a $5.1 billion increase to accumulated deficit, which reflects the value of the initial shares received, and a $0.9 billion decrease in additional paid-in capital, which reflects the value of the stock that remained to be delivered by the Dealers. During the third quarter of 2022, an additional 1.5 million shares of the Company’s common stock were received from the Dealers which constituted final settlement under the ASR agreements, and accordingly, the $0.9 billion decrease in additional paid-in capital recorded in February was reclassified to accumulated deficit. In total, we repurchased 26.1 million shares of common stock during the nine months ended September 30, 2022, consisting primarily of the 24.8 million shares received under the ASR agreements.
As of September 30, 2022, $4.6 billion of authorization remained available under our stock repurchase program.
In October 2022, the Board of Directors increased the amount authorized under our stock repurchase program by an additional $2.4 billion.
Dividends
In August 2022, March 2022 and December 2021, the Board of Directors declared quarterly cash dividends of $1.94 per share, which were paid in September 2022, June 2022 and March 2022, respectively. In October 2022, the Board of Directors declared a quarterly cash dividend of $1.94 per share, which will be paid in December 2022.
Accumulated other comprehensive income (loss)
The components of AOCI were as follows (in millions):
Foreign
currency
translation		Cash flow
hedges		Available-for-sale
securities		OtherAOCI
Balance as of December 31, 2021$(844)$61 $— $(13)$(796)
Foreign currency translation adjustments(51)— — — (51)
Unrealized gains— 56 — — 56 
Reclassification adjustments to income— 51 — — 51 
Income taxes— (23)— — (23)
Balance as of March 31, 2022
(895)145 — (13)(763)
Foreign currency translation adjustments(65)— — — (65)
Unrealized gains— 67 — — 67 
Reclassification adjustments to income— 132 — — 132 
Income taxes— (43)— — (43)
Balance as of June 30, 2022
(960)301 — (13)(672)
Foreign currency translation adjustments(109)— — — (109)
Unrealized gains— 45 — — 45 
Reclassification adjustments to income— 129 — — 129 
Other— — — (9)(9)
Income taxes— (36)— — (36)
Balance as of September 30, 2022
$(1,069)$439 $— $(22)$(652)
Reclassifications out of AOCI and into earnings, including related income tax expenses, were as follows (in millions):
Three months ended September 30,
Components of AOCI20222021Condensed Consolidated
Statements of Income locations
Cash flow hedges:
Foreign currency contract gains (losses)$69 $(5)Product sales
Cross-currency swap contract losses(198)(104)Other income (expense), net
(129)(109)Income before income taxes
28 23 Provision for income taxes
$(101)$(86)Net income
Nine months ended September 30,
Components of AOCI20222021Condensed Consolidated
Statements of Income locations
Cash flow hedges:
Foreign currency contract gains (losses)$149 $(24)Product sales
Cross-currency swap contract losses(461)(190)Other income (expense), net
(312)(214)Income before income taxes
67 45 Provision for income taxes
$(245)$(169)Net income