XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.19.2

Stockholders' equity | 6 Months Ended
--- | ---
Jun. 30, 2019
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):
| 2019 |  | 2018
| Shares * |  | Dollars |  | Shares |  | Dollars
First quarter | 15.9 |  |  | $ | 3,031 |  |  | 56.4 |  |  | $ | 10,787 |
Second quarter | 13.1 |  |  | 2,349 |  |  | 18.2 |  |  | 3,190 |
Total stock repurchases | 28.9 |  |  | $ | 5,380 |  |  | 74.6 |  |  | $ | 13,977 |
* Total shares do not add due to rounding. In May 2019, our Board of Directors increased the amount authorized under our stock repurchase program by an additional $5.0 billion. As of June 30, 2019, $4.7 billion of authorization remained available under our stock repurchase program. Dividends In March 2019 and December 2018, the Board of Directors declared quarterly cash dividends of $1.45 per share, which were paid in June 2019 and March 2019, respectively. 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, 2018 | $ | (670 | ) |  | $ | 241 |  |  | $ | (338 | ) |  | $ | (2 | ) |  | $ | (769 | )
Foreign currency translation adjustments | (13 | ) |  | — |  |  | — |  |  | — |  |  | (13 | )
Unrealized gains | — |  |  | 30 |  |  | 218 |  |  | — |  |  | 248 |
Reclassification adjustments to income | — |  |  | 28 |  |  | 4 |  |  | — |  |  | 32 |
Income taxes | — |  |  | (13 | ) |  | (1 | ) |  | — |  |  | (14 | )
Balance as of March 31, 2019 | (683 | ) |  | 286 |  |  | (117 | ) |  | (2 | ) |  | (516 | )
Foreign currency translation adjustments | (4 | ) |  | — |  |  | — |  |  | — |  |  | (4 | )
Unrealized (losses) gains | — |  |  | (96 | ) |  | 161 |  |  | — |  |  | 65 |
Reclassification adjustments to income | — |  |  | (36 | ) |  | 2 |  |  | — |  |  | (34 | )
Other | — |  |  | — |  |  | — |  |  | 6 |  |  | 6 |
Income taxes | — |  |  | 28 |  |  | (10 | ) |  | — |  |  | 18 |
Balance as of June 30, 2019 | $ | (687 | ) |  | $ | 182 |  |  | $ | 36 |  |  | $ | 4 |  |  | $ | (465 | )
Reclassifications out of AOCI and into earnings were as follows (in millions):
|  | Three months ended June 30, |  |
Components of AOCI |  | 2019 |  | 2018 |  | Condensed Consolidated Statements of Income locations
Cash flow hedges: |  |  |  |  |  |
Foreign currency contract gains (losses) |  | $ | 22 |  |  | $ | (20 | ) |  | Product sales
Cross-currency swap contract gains (losses) |  | 14 |  |  | (298 | ) |  | Interest and other income, net
|  | 36 |  |  | (318 | ) |  | Income before income taxes
|  | (8 | ) |  | 68 |  |  | Provision for income taxes
|  | $ | 28 |  |  | $ | (250 | ) |  | Net income
Available-for-sale securities: |  |  |  |  |  |
Net realized losses |  | $ | (2 | ) |  | $ | (115 | ) |  | Interest and other income, net
|  | — |  |  | 1 |  |  | Provision for income taxes
|  | $ | (2 | ) |  | $ | (114 | ) |  | Net income
|  | Six months ended June 30, |  |
Components of AOCI |  | 2019 |  | 2018 |  | Condensed Consolidated Statements of Income locations
Cash flow hedges: |  |  |  |  |  |
Foreign currency contract gains (losses) |  | $ | 36 |  |  | $ | (54 | ) |  | Product sales
Cross-currency swap contract losses |  | (28 | ) |  | (134 | ) |  | Interest and other income, net
|  | 8 |  |  | (188 | ) |  | Income before income taxes
|  | (2 | ) |  | 40 |  |  | Provision for income taxes
|  | $ | 6 |  |  | $ | (148 | ) |  | Net income
Available-for-sale securities: |  |  |  |  |  |
Net realized losses |  | $ | (6 | ) |  | $ | (249 | ) |  | Interest and other income, net
|  | — |  |  | 2 |  |  | Provision for income taxes
|  | $ | (6 | ) |  | $ | (247 | ) |  | 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://fasb.org/us-gaap/role/ref/legacyRef -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