Description of Business, Accounting Policies, and Supplemental Disclosures (Tables)

12 Months Ended

Dec. 31, 2022

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


	Year Ended December 31,
	2020		2021		2022
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt	$	916	$	1,098	$	1,561
Cash paid for operating leases	$	4,475	$	6,722	$	8,633
Cash paid for interest on finance leases	$	612	$	521	$	374
Cash paid for interest on financing obligations	$	102	$	153	$	207
Cash paid for income taxes, net of refunds	$	1,713	$	3,688	$	6,035
Assets acquired under operating leases	$	16,217	$	25,369	$	18,800
Property and equipment acquired under finance leases, net of remeasurements and modifications	$	11,588	$	7,061	$	675
Property and equipment recognized during the construction period of build-to-suit lease arrangements	$	2,267	$	5,846	$	3,187
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating	$	—	$	230	$	5,158

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


	Year Ended December 31,
	2020	2021	2022
Shares used in computation of basic earnings per share	10,005	10,117	10,189
Total dilutive effect of outstanding stock awards	193	179	—
Shares used in computation of diluted earnings per share	10,198	10,296	10,189

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


	Year Ended December 31,
	2020		2021		2022
Marketable equity securities valuation gains (losses)	$	525	$	11,526	$	(13,870)
Equity warrant valuation gains (losses)	1,527		1,315		(2,132)
Upward adjustments relating to equity investments in private companies	342		1,866		76
Foreign currency gains (losses)	35		(55)		(340)
Other, net	(58)		(19)		(540)
Total other income (expense), net	2,371		14,633		(16,806)

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