XML 25 R16.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Stockholders' equity | 9 Months Ended
--- | ---
Sep. 30, 2017
Equity [Abstract] |
Stockholders' equity | Stockholders’ equity Stock repurchase program Activity under our stock repurchase program, on a trade date basis, was as follows (in millions):
| 2017 |  | 2016
| Shares |  | Dollars |  | Shares* |  | Dollars
First quarter | 3.4 |  |  | $ | 555 |  |  | 4.7 |  |  | $ | 690 |
Second quarter | 6.2 |  |  | 1,006 |  |  | 3.9 |  |  | 591 |
Third quarter | 4.4 |  |  | 769 |  |  | 4.4 |  |  | 747 |
Total stock repurchases | 14.0 |  |  | $ | 2,330 |  |  | 12.9 |  |  | $ | 2,028 |
* Shares do not foot due to rounding. As of September 30, 2017, $1.7 billion remained available under our stock repurchase program. In October 2017, our Board of Directors authorized an increase that resulted in a total of $5.0 billion available under the stock repurchase program. Dividends In July 2017, March 2017 and December 2016, the Board of Directors declared quarterly cash dividends of $1.15 per share of common stock, which were paid in September 2017, June 2017 and March 2017, respectively. In October 2017, the Board of Directors declared a quarterly cash dividend of $1.15 per share of common stock, which will be paid on December 8, 2017. Accumulated other comprehensive income (loss) 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, 2016 | $ | (610 | ) |  | $ | 282 |  |  | $ | (138 | ) |  | $ | (5 | ) |  | $ | (471 | )
Foreign currency translation adjustments | 21 |  |  | — |  |  | — |  |  | — |  |  | 21 |
Unrealized gains | — |  |  | 17 |  |  | 116 |  |  | — |  |  | 133 |
Reclassification adjustments to income | — |  |  | (131 | ) |  | 49 |  |  | — |  |  | (82 | )
Income taxes | 3 |  |  | 41 |  |  | (7 | ) |  | — |  |  | 37 |
Balance as of March 31, 2017 | (586 | ) |  | 209 |  |  | 20 |  |  | (5 | ) |  | (362 | )
Foreign currency translation adjustments | 37 |  |  | — |  |  | — |  |  | — |  |  | 37 |
Unrealized gains | — |  |  | 17 |  |  | 73 |  |  | — |  |  | 90 |
Reclassification adjustments to income | — |  |  | (330 | ) |  | 47 |  |  | — |  |  | (283 | )
Other | — |  |  | — |  |  | — |  |  | (1 | ) |  | (1 | )
Income taxes | (2 | ) |  | 112 |  |  | (40 | ) |  | — |  |  | 70 |
Balance as of June 30, 2017 | (551 | ) |  | 8 |  |  | 100 |  |  | (6 | ) |  | (449 | )
Foreign currency translation adjustments | 38 |  |  | — |  |  | — |  |  | — |  |  | 38 |
Unrealized gains | — |  |  | 65 |  |  | 41 |  |  | — |  |  | 106 |
Reclassification adjustments to income | — |  |  | (140 | ) |  | (26 | ) |  | — |  |  | (166 | )
Other | — |  |  | — |  |  | — |  |  | 6 |  |  | 6 |
Income taxes | 3 |  |  | 25 |  |  | (6 | ) |  | — |  |  | 22 |
Balance as of September 30, 2017 | $ | (510 | ) |  | $ | (42 | ) |  | $ | 109 |  |  | $ | — |  |  | $ | (443 | )
The reclassifications out of AOCI and into earnings were as follows (in millions):
|  | Amounts reclassified out of AOCI |  |
|  | Three months ended September 30, |  |
Components of AOCI |  | 2017 |  | 2016 |  | Line item affected in the Condensed Consolidated Statements of Income
Cash flow hedges: |  |  |  |  |  |
Foreign currency contract (losses) gains |  | $ | (2 | ) |  | $ | 67 |  |  | Product sales
Cross-currency swap contract gains (losses) |  | 143 |  |  | (1 | ) |  | Interest and other income, net
Forward interest rate contract losses |  | (1 | ) |  | (1 | ) |  | Interest expense, net
|  | 140 |  |  | 65 |  |  | Income before income taxes
|  | (49 | ) |  | (27 | ) |  | Provision for income taxes
|  | $ | 91 |  |  | $ | 38 |  |  | Net income
Available-for-sale securities: |  |  |  |  |  |
Net realized gains |  | $ | 26 |  |  | $ | 23 |  |  | Interest and other income, net
|  | (5 | ) |  | (8 | ) |  | Provision for income taxes
|  | $ | 21 |  |  | $ | 15 |  |  | Net income
|  | Amounts reclassified out of AOCI |  |
|  | Nine months ended September 30, |  |
Components of AOCI |  | 2017 |  | 2016 |  | Line item affected in the Condensed Consolidated Statements of Income
Cash flow hedges: |  |  |  |  |  |
Foreign currency contract gains |  | $ | 88 |  |  | $ | 242 |  |  | Product sales
Cross-currency swap contract gains (losses) |  | 514 |  |  | (143 | ) |  | Interest and other income, net
Forward interest rate contract losses |  | (1 | ) |  | (1 | ) |  | Interest expense, net
|  | 601 |  |  | 98 |  |  | Income before income taxes
|  | (213 | ) |  | (39 | ) |  | Provision for income taxes
|  | $ | 388 |  |  | $ | 59 |  |  | Net income
Available-for-sale securities: |  |  |  |  |  |
Net realized losses |  | $ | (70 | ) |  | $ | (30 | ) |  | Interest and other income, net
|  | (7 | ) |  | — |  |  | Provision for income taxes
|  | $ | (77 | ) |  | $ | (30 | ) |  | Net income

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration