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Stockholders' equity
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Stockholders' equity Stockholders’ equity
Stock repurchase program
During the nine months ended September 30, 2024 and 2023, we did not repurchase shares under our stock repurchase program. As of September 30, 2024, $7.0 billion of authorization remained available under our stock repurchase program.
Dividends
In August 2024, March 2024 and December 2023, our Board of Directors declared quarterly cash dividends of $2.25 per share, which were paid in September 2024, June 2024 and March 2024, respectively. In October 2024, our Board of Directors declared a quarterly cash dividend of $2.25 per share that will be paid in December 2024.
Accumulated other comprehensive income (loss)
The components of AOCI were as follows (in millions):
Foreign
currency
translation adjustments
Cash flow
hedges		OtherAOCI
Balance as of December 31, 2023$(298)$(22)$31 $(289)
Foreign currency translation adjustments(24)— — (24)
Unrealized gains— 178 — 178 
Reclassification adjustments into earnings
— (20)— (20)
Other— — (3)(3)
Income taxes— (32)— (32)
Balance as of March 31, 2024
(322)104 28 (190)
Foreign currency translation adjustments(15)— — (15)
Unrealized gains— 117 — 117 
Reclassification adjustments into earnings
— (52)— (52)
Other— — (1)(1)
Income taxes— (14)— (14)
Balance as of June 30, 2024
(337)155 27 (155)
Foreign currency translation adjustments71 — — 71 
Unrealized losses— (158)— (158)
Reclassification adjustments into earnings
— (166)— (166)
Other— — 1 1 
Income taxes— 71 — 71 
Balance as of September 30, 2024
$(266)$(98)$28 $(336)
Reclassifications out of AOCI and into earnings, including related income tax expenses, were as follows (in millions):
Three months ended September 30,
Components of AOCI20242023Condensed Consolidated
Statements of Income locations
Cash flow hedges:
Foreign currency contract gains$45 $33 Product sales
Cross-currency swap contract gains (losses)121 (86)Other income, net
166 (53)Income before income taxes
(36)11 Provision for income taxes
$130 $(42)Net income
Nine months ended September 30,
Components of AOCI20242023Condensed Consolidated
Statements of Income locations
Cash flow hedges:
Foreign currency contract gains$151 $121 Product sales
Cross-currency swap contract gains (losses)87 (57)Other income, net
238 64 Income before income taxes
(51)(14)Provision for income taxes
$187 $50 Net income