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Stockholders' equity
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Stockholders' equity Stockholders’ equity
Stock repurchase program
During the three months ended March 31, 2025 and 2024, we did not repurchase shares under our stock repurchase program. As of March 31, 2025, $6.8 billion of authorization remained available under the stock repurchase program.
Dividends
In March 2025, our Board of Directors declared a quarterly cash dividend of $2.38 per share, which will be paid in June 2025. In December 2024, our Board of Directors declared a quarterly cash dividend of $2.38 per share, which was paid in March 2025.
Accumulated other comprehensive income (loss)
The components of AOCI were as follows (in millions):
Foreign
currency
translation adjustments
Cash flow
hedges
OtherAOCI
Balance as of December 31, 2024$(374)$287 $21 $(66)
Foreign currency translation adjustments57 — — 57 
Unrealized losses— (146)— (146)
Reclassification adjustments into earnings
— (139)— (139)
Other— — 
Income taxes— 62 — 62 
Balance as of March 31, 2025
$(317)$64 $22 $(231)
Reclassifications out of AOCI and into earnings, including related income tax expenses, were as follows (in millions):
Three months ended March 31,
Components of AOCI20252024Condensed Consolidated
Statements of Income (Loss) locations
Cash flow hedges:
Foreign currency forward contract gains$56 $51 Product sales
Cross-currency swap contract gains (losses)83 (31)Other income (expense), net
139 20 Income (loss) before income taxes
(30)(4)Provision for income taxes
$109 $16 Net income (loss)