Stockholders' equity (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

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

	Foreign currency translation adjustments		Cash flow hedges		Other		AOCI
Balance as of December 31, 2023	$	(298)	$	(22)	$	31	$	(289)
Foreign currency translation adjustments	(24)		—		—		(24)
Unrealized gains	—		178		—		178
Reclassification adjustments into earnings	—		(20)		—		(20)
Other	—		—		(3)		(3)
Income taxes	—		(32)		—		(32)
Balance as of March 31, 2024	(322)		104		28		(190)
Foreign currency translation adjustments	(15)		—		—		(15)
Unrealized gains	—		117		—		117
Reclassification adjustments into earnings	—		(52)		—		(52)
Other	—		—		(1)		(1)
Income taxes	—		(14)		—		(14)
Balance as of June 30, 2024	(337)		155		27		(155)
Foreign currency translation adjustments	71		—		—		71
Unrealized losses	—		(158)		—		(158)
Reclassification adjustments into earnings	—		(166)		—		(166)
Other	—		—		1		1
Income taxes	—		71		—		71
Balance as of September 30, 2024	$	(266)	$	(98)	$	28	$	(336)

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 September 30,
Components of AOCI	2024		2023		Condensed Consolidated Statements of Income locations
Cash flow hedges:
Foreign currency contract gains	$	45	$	33	Product sales
Cross-currency swap contract gains (losses)	121		(86)		Other income, net
	166		(53)		Income before income taxes
	(36)		11		Provision for income taxes
	$	130	$	(42)	Net income
	Nine months ended September 30,
Components of AOCI	2024		2023		Condensed Consolidated Statements of Income locations
Cash flow hedges:
Foreign currency contract gains	$	151	$	121	Product sales
Cross-currency swap contract gains (losses)	87		(57)		Other income, net
	238		64		Income before income taxes
	(51)		(14)		Provision for income taxes
	$	187	$	50	Net income