Stockholders' equity

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Stockholders' equity

Stockholders’ equity

Stock repurchase program

Activity under our stock repurchase program was as follows (in millions):

	2013			2012
	Shares	Dollars		Shares	Dollars
First quarter	9.1	$	771	21.0	$	1,429

As of March 31, 2013, $1.6 billion remained available under our Board of Directors-approved stock repurchase program.

Dividends

On December 13, 2012, the Board of Directors declared a quarterly cash dividend of $0.47 per share of common stock, which was paid on March 7, 2013. On March 6, 2013, the Board of Directors declared a quarterly cash dividend of $0.47 per share of common stock, which will be paid on June 7, 2013, to all stockholders of record as of the close of business on May 16, 2013.

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, 2012	$	12		$	(35	)	$	183		$	(14	)	$	146
Foreign currency translation adjustments	(36		)	—			—			—			(36		)
Unrealized (losses) gains	—			(25		)	(32		)	1			(56		)
Reclassification adjustments to income	—			144			(67		)	—			77
Income taxes	13			(44		)	37			—			6
Balance as of March 31, 2013	$	(11	)	$	40		$	121		$	(13	)	$	137

The reclassifications out of AOCI to Net income were as follows (in millions):

	Amount reclassified out of AOCI
	Three months ended			Line item affected in the
Components of AOCI	March 31, 2013			Statement of Income
Cash flow hedges:
Foreign currency contract losses	$	(4	)	Product sales
Cross-currency swap contract losses	(140		)	Interest and other income, net
	(144		)	Total before income tax
	53			Income tax (expense)/benefit
	$	(91	)	Net of income taxes
Available-for-sale securities:
Net realized gains	$	67		Interest and other income, net
	(25		)	Income tax (expense)/benefit
	$	42		Net of income taxes