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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