Stockholders' equity (Tables)

3 Months Ended

Mar. 31, 2022

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):

	2022			2021
	Shares	Dollars		Shares	Dollars
First quarter	24.6	$	5,410	3.7	$	865

Components of accumulated other comprehensive income

The components of AOCI were as follows (in millions):

	Foreign currency translation		Cash flow hedges		Available-for-sale securities		Other		AOCI
Balance as of December 31, 2021	$	(844)	$	61	$	—	$	(13)	$	(796)
Foreign currency translation adjustments	(51)		—		—		—		(51)
Unrealized gains	—		56		—		—		56
Reclassification adjustments to income	—		51		—		—		51
Income taxes	—		(23)		—		—		(23)
Balance as of March 31, 2022	$	(895)	$	145	$	—	$	(13)	$	(763)

Reclassifications out of accumulated other comprehensive income

Reclassifications out of AOCI and into earnings, including related income tax expenses, were as follows (in millions):

	Three months ended March 31,
Components of AOCI	2022		2021		Condensed Consolidated Statements of Income locations
Cash flow hedges:
Foreign currency contract gains (losses)	$	27	$	(1)	Product sales
Cross-currency swap contract losses	(78)		(132)		Other (expense) income, net
	(51)		(133)		Income before income taxes
	11		28		Provision for income taxes
	$	(40)	$	(105)	Net income