Stockholders' equity (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Summary of activity under our stock repurchase program

Activity under our stock repurchase program, on a trade date basis, was as follows (in millions):

	2022			2021
	Shares	Dollars		Shares	Dollars
First quarter	24.6	$	5,410	3.7	$	865
Second quarter	—	—		6.5	1,592
Third quarter	1.5	900		4.6	1,069
Total stock repurchases	26.1	$	6,310	14.8	$	3,526

Components of accumulated other comprehensive income

The components of AOCI were as follows (in millions):

	Foreign currency translation		Cash flow hedges		Available-for-sale securities		Other		AOCI
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 accumulated other comprehensive income

Reclassifications out of AOCI and into earnings, including related income tax expenses, were as follows (in millions):

	Three months ended September 30,
Components of AOCI	2022		2021		Condensed 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 AOCI	2022		2021		Condensed 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