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Stockholders' equity
3 Months Ended
Mar. 31, 2023
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):
20232022
 SharesDollars SharesDollars
First quarter— $— 24.6 $5,410 
As of March 31, 2023, $7.0 billion of authorization remained available under our stock repurchase program.
Dividends
In March 2023, the Board of Directors declared a quarterly cash dividend of $2.13 per share, which will be paid in June 2023. In December 2022, the Board of Directors declared a quarterly cash dividend of $2.13 per share, which was paid in March 2023.
Accumulated other comprehensive income (loss)
The components of AOCI were as follows (in millions):
Foreign
currency
translation
Cash flow
hedges
OtherAOCI
Balance as of December 31, 2022$(348)$128 $(11)$(231)
Foreign currency translation adjustments28 — — 28 
Unrealized losses— (71)— (71)
Reclassification adjustments to income— (30)— (30)
Other— — 21 21 
Income taxes— 15 — 15 
Balance as of March 31, 2023
$(320)$42 $10 $(268)
Reclassifications out of AOCI and into earnings, including related income tax expenses, were as follows (in millions):
Three months ended March 31,
Components of AOCI20232022Condensed Consolidated
Statements of Income locations
Cash flow hedges:
Foreign currency contract gains$52 $27 Product sales
Cross-currency swap contract losses(22)(78)Other income (expense), net
30 (51)Income before income taxes
(6)11 Provision for income taxes
$24 $(40)Net income