XML 43 R35.htm IDEA: XBRL DOCUMENT v3.23.3

Fair value measurement (Tables)

9 Months Ended

Sep. 30, 2023

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 September 30, 2023, using:																								Total
Assets:
Available-for-sale securities:
U.S. Treasury bills						$	—					$	—					$	—					$	—
Money market mutual funds						34,208						—						—						34,208
Other investments						—						136						—						136
Equity securities						4,250						—						—						4,250
Derivatives:
Foreign currency forward contracts						—						347						—						347
Cross-currency swap contracts						—						—						—						—
Total assets						$	38,458					$	483					$	—					$	38,941
Liabilities:
Derivatives:
Foreign currency forward contracts						$	—					$	29					$	—					$	29
Cross-currency swap contracts						—						513						—						513
Interest rate swap contracts						—						772						—						772
Forward interest rate contracts						—						—						—						—
Contingent consideration obligations						—						—						98						98
Total liabilities						$	—					$	1,314					$	98					$	1,412

						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, 2022, using:																								Total
Assets:
Available-for-sale securities:
U.S. Treasury bills						$	1,676					$	—					$	—					$	1,676
Money market mutual funds						2,659						—						—						2,659
Other investments						—						130						—						130
Equity securities						480						—						335						815
Derivatives:
Foreign currency forward contracts						—						287						—						287
Cross-currency swap contracts						—						54						—						54
Total assets						$	4,815					$	471					$	335					$	5,621
Liabilities:
Derivatives:
Foreign currency forward contracts						$	—					$	76					$	—					$	76
Cross-currency swap contracts						—						541						—						541
Interest rate swap contracts						—						776						—						776
Forward interest rate contracts						—						5						—						5
Contingent consideration obligations						—						—						270						270
Total liabilities						$	—					$	1,398					$	270					$	1,668

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 September 30,												Nine months ended September 30,
						2023						2022						2023						2022
Beginning balance						$	248					$	310					$	270					$	342
Payments						(3)						(2)						(7)						(5)
Net changes in valuations						(147)						(6)						(165)						(35)
Ending balance						$	98					$	302					$	98					$	302

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
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

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