XML 42 R31.htm IDEA: XBRL DOCUMENT v3.22.2

Fair value measurement (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Fair value of each major class of financial assets and liabilities measured at fair value on a recurring basis

The fair values of each major class of the Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows (in millions):

						Quoted prices in active markets for identical assets (Level 1)						Significant other observable inputs (Level 2)						Significant unobservable inputs (Level 3)
Fair value measurement as of June 30, 2022, using:																								Total
Assets:
Available-for-sale securities:
U.S. Treasury notes						$	—					$	—					$	—					$	—
U.S. Treasury bills						1,980						—						—						1,980
Money market mutual funds						4,433						—						—						4,433
Other short-term interest-bearing securities						—						—						—						—
Equity securities						361						—						131						492
Derivatives:
Foreign currency contracts						—						413						—						413
Cross-currency swap contracts						—						29						—						29
Interest rate swap contracts						—						—						—						—
Total assets						$	6,774					$	442					$	131					$	7,347
Liabilities:
Derivatives:
Foreign currency contracts						$	—					$	30					$	—					$	30
Cross-currency swap contracts						—						503						—						503
Interest rate swap contracts						—						591						—						591
Contingent consideration obligations						—						—						310						310
Total liabilities						$	—					$	1,124					$	310					$	1,434

						Quoted prices in active markets for identical assets (Level 1)						Significant other observable inputs (Level 2)						Significant unobservable inputs (Level 3)
Fair value measurement as of December 31, 2021, using:																								Total
Assets:
Available-for-sale securities:
U.S. Treasury notes						$	47					$	—					$	—					$	47
U.S. Treasury bills						1,400						—						—						1,400
Money market mutual funds						5,856						—						—						5,856
Other short-term interest-bearing securities						—						1						—						1
Equity securities						611						—						220						831
Derivatives:
Foreign currency contracts						—						183						—						183
Cross-currency swap contracts						—						66						—						66
Interest rate swap contracts						—						16						—						16
Total assets						$	7,914					$	266					$	220					$	8,400
Liabilities:
Derivatives:
Foreign currency contracts						$	—					$	39					$	—					$	39
Cross-currency swap contracts						—						339						—						339
Interest rate swap contracts						—						156						—						156
Contingent consideration obligations						—						—						342						342
Total liabilities						$	—					$	534					$	342					$	876

Schedule of Business Acquisitions by Acquisition, Contingent Consideration

Changes in the carrying amounts of contingent consideration obligations were as follows (in millions):

						Three months ended June 30,												Six months ended June 30,
						2022						2021						2022						2021
Beginning balance						$	330					$	39					$	342					$	33
Payments						(1)						(2)						(3)						(3)
Net changes in valuations						(19)						11						(29)						18
Ending balance						$	310					$	48					$	310					$	48

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionContingentConsiderationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration