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Stockholders' Equity
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY
Stock Repurchase Programs
In the first quarter of 2016, our Board of Directors authorized a $12.0 billion stock repurchase program (2016 Program) under which repurchases may be made in the open market or in privately negotiated transactions. We started repurchases under the 2016 Program in April 2016.
During the three months ended March 31, 2020 and 2019, we repurchased and retired 19 million and 12 million shares of our common stock for $1.3 billion and $834 million, respectively, through open market transactions under the 2016 Program. As of March 31, 2020, the remaining authorized repurchase amount under the 2016 Program was $2.1 billion.
In the first quarter of 2020, our Board of Directors authorized a new $5.0 billion stock repurchase program (2020 Program), which will commence upon the completion of the 2016 Program. Purchases under the 2020 Program may be made in the open market or in privately negotiated transactions.
Accumulated Other Comprehensive Income
The following table summarizes the changes in AOCI by component, net of tax (in millions):
 
 
Foreign Currency Translation
 
Unrealized Gains and Losses on Available-for-Sale Debt Securities
 
Unrealized Gains and Losses on Cash Flow Hedges
 
Total
Balance at December 31, 2019
 
$
53

 
$
1

 
$
31

 
$
85

Net unrealized gain (loss)
 
(39
)
 
(23
)
 
57

 
(5
)
Reclassifications to net income
 
—

 
(11
)
 
(23
)
 
(34
)
Net current period other comprehensive income (loss)
 
(39
)
 
(34
)
 
34

 
(39
)
Balance at March 31, 2020
 
$
14

 
$
(33
)
 
$
65

 
$
46

 
 
Foreign Currency Translation
 
Unrealized Gains and Losses on Available-for-Sale Debt Securities
 
Unrealized Gains and Losses on Cash Flow Hedges
 
Total
Balance at December 31, 2018
 
$
47

 
$
(52
)
 
$
85

 
$
80

Net unrealized gain
 
21

 
30

 
28

 
79

Reclassifications to net income
 
—

 
—

 
(29
)
 
(29
)
Net current period other comprehensive income (loss)
 
21

 
30

 
(1
)
 
50

Balance at March 31, 2019
 
$
68

 
$
(22
)
 
$
84

 
$
130


The amounts reclassified to net income for gains and losses on cash flow hedges are recorded as part of Product sales on our Condensed Consolidated Statements of Income. See Note 5. Derivative Financial Instruments for additional information. The amounts reclassified to net income for gains and losses on available-for-sale debt securities are recorded as part of Other income (expense), net on our Condensed Consolidated Statements of Income. Gross realized gains and losses on available-for-sale debt securities were not material for the three months ended March 31, 2020 and 2019. The income tax impact allocated to each component of other comprehensive income (loss) was not material for the periods presented.