Accounting Policies and Supplemental Disclosures (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Supplemental Cash Flow Information

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

	Three Months Ended June 30,				Six Months Ended June 30,				Twelve Months Ended June 30,
	2021		2022		2021		2022		2021		2022
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt	$	179	$	349	$	455	$	628	$	942	$	1,271
Cash paid for operating leases	1,577		2,088		3,217		4,455		5,577		7,960
Cash paid for interest on finance leases	129		95		286		202		569		437
Cash paid for interest on financing obligations	35		55		68		113		127		198
Cash paid for income taxes, net of refunds	1,803		3,145		2,604		3,598		3,526		4,682
Assets acquired under operating leases	5,578		5,101		9,114		7,276		19,576		23,531
Property and equipment acquired under finance leases, net of remeasurements and modifications	1,642		61		3,709		227		9,976		3,579
Property and equipment recognized during the construction period of build-to-suit lease arrangements	1,193		986		2,080		2,351		3,486		6,117
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating	99		1,079		99		1,112		99		1,243

Calculation of Diluted Shares

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

	Three Months Ended June 30,		Six Months Ended June 30,
	2021	2022	2021	2022
Shares used in computation of basic earnings per share	10,103	10,175	10,089	10,173
Total dilutive effect of outstanding stock awards	183	—	187	—
Shares used in computation of diluted earnings per share	10,286	10,175	10,276	10,173

Other Income (Expense), Net

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2022		2021		2022
Marketable equity securities valuation gains (losses)	$	157	$	(4,322)	$	81	$	(12,567)
Equity warrant valuation gains (losses)	939		(1,124)		1,244		(1,436)
Upward adjustments relating to equity investments in private companies	31		58		1,506		65
Foreign currency gains (losses)	110		(117)		79		(103)
Other, net	24		(40)		48		(74)
Total other income (expense), net	1,261		(5,545)		2,958		(14,115)

Summarized Financial Information of Equity Investment

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

	Three Months Ended March 31,
	2021		2022
Revenues	$	—	$	95
Gross profit	—		(502)
Loss from operations	(410)		(1,579)
Net loss	(414)		(1,593)