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Stockholders' equity (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Summary of activity under our stock repurchase program
Activity under our stock repurchase program, on a trade date basis, was as follows (in millions):
 
2020
 
2019
 
Shares
 
Dollars 
 
Shares
 
Dollars
First quarter
4.3

 
$
933

 
15.9

 
$
3,031


Components of accumulated other comprehensive income
The components of Accumulated other comprehensive income (loss) (AOCI) were as follows (in millions):
 
Foreign
currency
translation
 
Cash flow
hedges
 
Available-for-sale
securities
 
Other
 
AOCI
Balance as of December 31, 2019
$
(718
)
 
$
175

 
$
22

 
$
(7
)
 
$
(528
)
Foreign currency translation adjustments
(52
)
 

 

 

 
(52
)
Unrealized (losses) gains

 
(162
)
 
8

 

 
(154
)
Reclassification adjustments to income

 
84

 
(33
)
 

 
51

Other

 

 

 
(2
)
 
(2
)
Income taxes

 
17

 
6

 

 
23

Balance as of March 31, 2020
$
(770
)
 
$
114

 
$
3

 
$
(9
)
 
$
(662
)

Reclassifications out of accumulated other comprehensive income
Reclassifications out of AOCI and into earnings were as follows (in millions):
 
 
Three months ended March 31,
 
 
Components of AOCI
 
2020
 
2019
 
Condensed Consolidated
Statements of Income locations
Cash flow hedges:
 
 
 
 
 
 
Foreign currency contract gains
 
$
49

 
$
14

 
Product sales
Cross-currency swap contract losses
 
(133
)
 
(42
)
 
Interest and other income, net
 
 
(84
)
 
(28
)
 
Income before income taxes
 
 
18

 
6

 
Provision for income taxes
 
 
$
(66
)
 
$
(22
)
 
Net income
Available-for-sale securities:
 
 
 
 
 
 
Net realized gains (losses)
 
$
33

 
$
(4
)
 
Interest and other income, net
 
 
(7
)
 

 
Provision for income taxes
 
 
$
26

 
$
(4
)
 
Net income