Accounting Policies and Supplemental Disclosures (Tables)

6 Months Ended

Jun. 30, 2023

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,
	2022		2023		2022		2023		2022		2023
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest	$	349	$	954	$	628	$	1,356	$	1,271	$	2,289
Cash paid for operating leases	2,088		2,528		4,455		4,995		7,960		9,173
Cash paid for interest on finance leases	95		77		202		158		437		330
Cash paid for interest on financing obligations	55		41		113		100		198		194
Cash paid for income taxes, net of refunds	3,145		3,735		3,598		4,354		4,682		6,791
Assets acquired under operating leases	5,101		4,104		7,276		7,730		23,531		19,254
Property and equipment acquired under finance leases, net of remeasurements and modifications	61		240		227		248		3,579		696
Property and equipment recognized during the construction period of build-to-suit lease arrangements	986		84		2,351		215		6,117		1,051
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating	1,079		—		1,112		720		1,243		4,766

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


	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2023	2022	2023
Shares used in computation of basic earnings per share	10,175	10,285	10,173	10,268
Total dilutive effect of outstanding stock awards	—	164	—	130
Shares used in computation of diluted earnings per share	10,175	10,449	10,173	10,398

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2023		2022		2023
Marketable equity securities valuation gains (losses)	$	(4,322)	$	299	$	(12,567)	$	(181)
Equity warrant valuation gains (losses)	(1,124)		(220)		(1,436)		(161)
Upward adjustments relating to equity investments in private companies	58		10		65		26
Foreign currency gains (losses)	(117)		9		(103)		79
Other, net	(40)		(37)		(74)		(145)
Total other income (expense), net	(5,545)		61		(14,115)		(382)

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