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Stockholders' equity (Tables)
6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Summary of activity under our 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 
Second quarter— — — — 
Total stock repurchases— $— 24.6 $5,410 
Components of accumulated other comprehensive income
The components of AOCI were as follows (in millions):
Foreign
currency
translation
Cash flow
hedges
OtherAOCI
Balance as of December 31, 2022$(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)
Foreign currency translation adjustments11 — — 11 
Unrealized gains— 50 — 50 
Reclassification adjustments to income— (87)— (87)
Other— — (1)(1)
Income taxes— 15 — 15 
Balance as of June 30, 2023
$(309)$20 $$(280)
Reclassifications out of accumulated other comprehensive income
Reclassifications out of AOCI and into earnings, including related income tax expenses, were as follows (in millions):
Three months ended June 30,
Components of AOCI20232022Condensed Consolidated
Statements of Income locations
Cash flow hedges:
Foreign currency contract gains$36 $53 Product sales
Cross-currency swap contract gains (losses)51 (185)Other (expense) income, net
87 (132)Income before income taxes
(19)28 Provision for income taxes
$68 $(104)Net income
Six months ended June 30,
Components of AOCI20232022Condensed Consolidated
Statements of Income locations
Cash flow hedges:
Foreign currency contract gains$88 $80 Product sales
Cross-currency swap contract gains (losses)29 (263)Other (expense) income, net
117 (183)Income before income taxes
(25)39 Provision for income taxes
$92 $(144)Net income