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Stockholders' equity | 12 Months Ended
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Dec. 31, 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):
| Years ended December 31,
| 2021 |  | 2020 |  | 2019
| Shares |  | Dollars |  | Shares |  | Dollars |  | Shares* |  | Dollars
First quarter | 3.7 |  |  | $ | 865 |  |  | 4.3 |  |  | $ | 933 |  |  | 15.9 |  |  | $ | 3,031 |
Second quarter | 6.5 |  |  | 1,592 |  |  | 2.6 |  |  | 591 |  |  | 13.1 |  |  | 2,349 |
Third quarter | 4.6 |  |  | 1,069 |  |  | 3.0 |  |  | 752 |  |  | 6.2 |  |  | 1,170 |
Fourth quarter | 6.9 |  |  | 1,461 |  |  | 5.3 |  |  | 1,221 |  |  | 5.1 |  |  | 1,090 |
Total stock repurchases | 21.7 |  |  | $ | 4,987 |  |  | 15.2 |  | $ | 3,497 |  |  | 40.2 |  | $ | 7,640 |
* Total shares do not add due to rounding. In March 2021, October 2021 and December 2021, our Board of Directors increased the amount authorized under our stock repurchase program by an additional $3.4 billion, $4.5 billion and $5.0 billion, respectively. As of December 31, 2021, $10.9 billion remained available under our stock repurchase program. Dividends Our Board of Directors declared quarterly dividends per share of $1.76, $1.60 and $1.45, which were paid in each of the four quarters of 2021, 2020 and 2019, respectively. Historically, we have declared dividends in December of each year, which were paid in the first quarter of the following fiscal year and in March, July and October, which were paid in the second, third and fourth quarters, respectively, of the same fiscal year. Additionally, on December 3, 2021, the Board of Directors declared a quarterly cash dividend of $1.94 per share of common stock, which will be paid on March 8, 2022, to all stockholders of record as of the close of business on February 15, 2022. Accumulated other comprehensive loss The components of 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 | (48) |  |  | — |  |  | — |  |  | — |  |  | (48) |
Unrealized gains | — |  |  | 127 |  |  | 424 |  |  | — |  |  | 551 |
Reclassification adjustments to income | — |  |  | (211) |  |  | (56) |  |  | — |  |  | (267) |
Other losses | — |  |  | — |  |  | — |  |  | (5) |  |  | (5) |
Income taxes | — |  |  | 18 |  |  | (8) |  |  | — |  |  | 10 |
Balance as of December 31, 2019 | (718) |  |  | 175 |  |  | 22 |  |  | (7) |  |  | (528) |
Foreign currency translation adjustments | 9 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Unrealized (losses) gains | — |  |  | (61) |  |  | 6 |  |  | — |  |  | (55) |
Reclassification adjustments to income | — |  |  | (501) |  |  | (33) |  |  | — |  |  | (534) |
Other losses | — |  |  | — |  |  | — |  |  | (7) |  |  | (7) |
Income taxes | — |  |  | 124 |  |  | 6 |  |  | — |  |  | 130 |
Balance as of December 31, 2020 | (709) |  |  | (263) |  |  | 1 |  |  | (14) |  |  | (985) |
Foreign currency translation adjustments | (135) |  |  | — |  |  | — |  |  | — |  |  | (135) |
Unrealized gains (losses) | — |  |  | 159 |  |  | (1) |  |  | — |  |  | 158 |
Reclassification adjustments to income | — |  |  | 253 |  |  | — |  |  | — |  |  | 253 |
Other gains | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Income taxes | — |  |  | (88) |  |  | — |  |  | — |  |  | (88) |
Balance as of December 31, 2021 | $ | (844) |  |  | $ | 61 |  |  | $ | — |  |  | $ | (13) |  |  | $ | (796) |
With respect to the table above, income tax expenses or benefits for unrealized gains and losses and the related reclassification adjustments to income for cash flow hedges were a $33 million expense and a $55 million expense in 2021, a $14 million benefit and a $110 million benefit in 2020 and a $28 million expense and a $46 million benefit in 2019, respectively. Income tax expenses or benefits for unrealized gains and losses and the related reclassification adjustments to income for available-for-sale securities were a $1 million expense and a $7 million benefit in 2020 and a $22 million expense and a $14 million benefit in 2019, respectively. Reclassifications out of AOCI and into earnings were as follows (in millions):
|  | Years ended December 31, |  |
Components of AOCI |  | 2021 |  | 2020 |  | 2019 |  | Consolidated Statements of Income locations
Cash flow hedges: |  |  |  |  |  |  |  |
Foreign currency contract (losses) gains |  | $ | (8) |  |  | $ | 178 |  |  | $ | 101 |  |  | Product sales
Cross-currency swap contract (losses) gains |  | (245) |  |  | 323 |  |  | 110 |  |  | Other income, net
|  | (253) |  |  | 501 |  |  | 211 |  |  | Income before income taxes
|  | 55 |  |  | (110) |  |  | (46) |  |  | Provision for income taxes
|  | $ | (198) |  |  | $ | 391 |  |  | $ | 165 |  |  | Net income
Available-for-sale securities: |  |  |  |  |  |  |  |
Net realized gains |  | $ | — |  |  | $ | 33 |  |  | $ | 56 |  |  | Other income, net
|  | — |  |  | (7) |  |  | (14) |  |  | Provision for income taxes
|  | $ | — |  |  | $ | 26 |  |  | $ | 42 |  |  | Net income
Other In addition to common stock, our authorized capital includes 5 million shares of preferred stock, $0.0001 par value. As of December 31, 2021 and 2020, no shares of preferred stock were issued or outstanding.

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- 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
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