Stockholders' equity (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

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

	Foreign currency translation		Cash flow hedges		Other		AOCI
Balance as of December 31, 2023	$	(298)	$	(22)	$	31	$	(289)
Foreign currency translation adjustments	(24)		—		—		(24)
Unrealized gains	—		178		—		178
Reclassification adjustments to income	—		(20)		—		(20)
Other	—		—		(3)		(3)
Income taxes	—		(32)		—		(32)
Balance as of March 31, 2024	$	(322)	$	104	$	28	$	(190)

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 March 31,
Components of AOCI	2024		2023		Condensed Consolidated Statements of (Loss) Income locations
Cash flow hedges:
Foreign currency contract gains	$	51	$	52	Product sales
Cross-currency swap contract losses	(31)		(22)		Other (expense) income, net
	20		30		(Loss) income before income taxes
	(4)		(6)		Provision for income taxes
	$	16	$	24	Net (loss) income