XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.21.2

Stockholders' equity | 9 Months Ended
--- | ---
Sep. 30, 2021
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):
| 2021 |  | 2020
| Shares |  | Dollars |  | Shares |  | Dollars
First quarter | 3.7 |  |  | $ | 865 |  |  | 4.3 |  |  | $ | 933 |
Second quarter | 6.5 |  |  | 1,592 |  |  | 2.6 |  |  | 591 |
Third quarter | 4.6 |  |  | 1,069 |  |  | 3.0 |  |  | 752 |
Total stock repurchases | 14.8 |  |  | $ | 3,526 |  |  | 9.9 |  |  | $ | 2,276 |
In March 2021, our Board of Directors increased the amount authorized under our stock repurchase program by an additional $3.4 billion. As of September 30, 2021, $2.9 billion of authorization remained available under our stock repurchase program. In October 2021, the Board of Directors increased the amount authorized under our stock repurchase program by an additional $4.5 billion. Dividends In July 2021, March 2021 and December 2020, the Board of Directors declared a quarterly cash dividend of $1.76 per share, which were paid in September 2021, June 2021 and March 2021, respectively. In October 2021, the Board of Directors declared a quarterly cash dividend of $1.76 per share, which will be paid on December 8, 2021. 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, 2020 | $ | (709) |  |  | $ | (263) |  |  | $ | 1 |  |  | $ | (14) |  |  | $ | (985) |
Foreign currency translation adjustments | (39) |  |  | — |  |  | — |  |  | — |  |  | (39) |
Unrealized gains | — |  |  | 108 |  |  | — |  |  | — |  |  | 108 |
Reclassification adjustments to income | — |  |  | 133 |  |  | — |  |  | — |  |  | 133 |
Other | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Income taxes | — |  |  | (51) |  |  | — |  |  | — |  |  | (51) |
Balance as of March 31, 2021 | (748) |  |  | (73) |  |  | 1 |  |  | (13) |  |  | (833) |
Foreign currency translation adjustments | 14 |  |  | — |  |  | — |  |  | — |  |  | 14 |
Unrealized losses | — |  |  | (31) |  |  | — |  |  | — |  |  | (31) |
Reclassification adjustments to income | — |  |  | (28) |  |  | — |  |  | — |  |  | (28) |
Other | — |  |  | — |  |  | — |  |  | (1) |  |  | (1) |
Income taxes | — |  |  | 11 |  |  | — |  |  | — |  |  | 11 |
Balance as of June 30, 2021 | (734) |  |  | (121) |  |  | 1 |  |  | (14) |  |  | (868) |
Foreign currency translation adjustments | (35) |  |  | — |  |  | — |  |  | — |  |  | (35) |
Unrealized gains (losses) | — |  |  | 16 |  |  | (1) |  |  | — |  |  | 15 |
Reclassification adjustments to income | — |  |  | 109 |  |  | — |  |  | — |  |  | 109 |
Other | — |  |  | — |  |  | — |  |  | (3) |  |  | (3) |
Income taxes | — |  |  | (26) |  |  | — |  |  | — |  |  | (26) |
Balance as of September 30, 2021 | $ | (769) |  |  | $ | (22) |  |  | $ | — |  |  | $ | (17) |  |  | $ | (808) |
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 |  | 2021 |  | 2020 |  | Condensed Consolidated Statements of Income locations
Cash flow hedges: |  |  |  |  |  |
Foreign currency contract (losses) gains |  | $ | (5) |  |  | $ | 41 |  |  | Product sales
Cross-currency swap contract (losses) gains |  | (104) |  |  | 183 |  |  | Other income, net
|  | (109) |  |  | 224 |  |  | Income before income taxes
|  | 23 |  |  | (49) |  |  | Provision for income taxes
|  | $ | (86) |  |  | $ | 175 |  |  | Net income
Available-for-sale securities: |  |  |  |  |  |
Net realized gains |  | $ | — |  |  | $ | — |  |  | Other income, net
|  | — |  |  | — |  |  | Provision for income taxes
|  | $ | — |  |  | $ | — |  |  | Net income
|  | Nine months ended September 30, |  |
Components of AOCI |  | 2021 |  | 2020 |  | Condensed Consolidated Statements of Income locations
Cash flow hedges: |  |  |  |  |  |
Foreign currency contract (losses) gains |  | $ | (24) |  |  | $ | 158 |  |  | Product sales
Cross-currency swap contract (losses) gains |  | (190) |  |  | 101 |  |  | Other income, net
|  | (214) |  |  | 259 |  |  | Income before income taxes
|  | 45 |  |  | (57) |  |  | Provision for income taxes
|  | $ | (169) |  |  | $ | 202 |  |  | Net income
Available-for-sale securities: |  |  |  |  |  |
Net realized gains |  | $ | — |  |  | $ | 33 |  |  | Other income, net
|  | — |  |  | (7) |  |  | Provision for income taxes
|  | $ | — |  |  | $ | 26 |  |  | 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration