Accounting Policies and Supplemental Disclosures (Tables)

3 Months Ended

Mar. 31, 2022

The following table shows supplemental cash flow information (in millions):


	Three Months Ended March 31,			Twelve Months Ended March 31,
		2021		2022		2021		2022
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt		$	276	$	279	$	902	$	1,101
Cash paid for operating leases		1,640		2,367		5,086		7,449
Cash paid for interest on finance leases		157		107		601		471
Cash paid for interest on financing obligations		33		58		113		178
Cash paid for income taxes, net of refunds		801		453		2,209		3,340
Assets acquired under operating leases		3,536		2,175		17,345		24,008
Property and equipment acquired under finance leases		2,067		166		11,489		5,160
Property and equipment acquired under build-to-suit lease arrangements		887		1,332		2,775		6,061

The following table shows the calculation of diluted shares (in millions):


	Three Months Ended March 31,
		2021	2022
Shares used in computation of basic earnings per share		504	509
Total dilutive effect of outstanding stock awards		9	—
Shares used in computation of diluted earnings per share		513	509

Other income (expense), net, is as follows (in millions):


	Three Months Ended March 31,
		2021		2022
Marketable equity securities valuation gains (losses)		$	(76)	$	(8,245)
Equity warrant valuation gains (losses)		305		(312)
Upward adjustments relating to equity investments in private companies		1,475		7
Foreign currency gains (losses)		(31)		14
Other, net		24		(34)
Total other income (expense), net		1,697		(8,570)

Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions):