v3.25.3
Stockholders' equity
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Stockholders' equity Stockholders’ equity
Stock repurchase program
During the nine months ended September 30, 2025 and 2024, we did not repurchase shares under our stock repurchase program. As of September 30, 2025, $6.8 billion of authorization remained available under the stock repurchase program.
Dividends
In August 2025, March 2025 and December 2024, our Board of Directors declared quarterly cash dividends of $2.38 per share, which were paid in September 2025, June 2025 and March 2025, respectively. In October 2025, our Board of Directors declared a quarterly cash dividend of $2.38 per share, which will be paid in December 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 June 30, 2025
$(231)$(335)$22 $(544)
Foreign currency translation adjustments11 — — 11 
Unrealized gains— 73 — 73 
Reclassification adjustments into earnings
— 67 — 67 
Other— — 1 1 
Income taxes— (30)— (30)
Balance as of September 30, 2025
$(220)$(225)$23 $(422)
Foreign
currency
translation adjustments
Cash flow
hedges		OtherAOCI
Balance as of December 31, 2024$(374)$287 $21 $(66)
Foreign currency translation adjustments154 — — 154 
Unrealized losses— (396)— (396)
Reclassification adjustments into earnings
— (256)— (256)
Other— — 2 2 
Income taxes— 140 — 140 
Balance as of September 30, 2025
$(220)$(225)$23 $(422)
Reclassifications out of AOCI and into earnings, including related income tax expenses, were as follows (in millions):
Three months ended September 30,Condensed Consolidated
Statements of Income locations
Components of AOCI20252024
Cash flow hedges:
Foreign currency forward contract (losses) gains$(28)$45 Product sales
Cross-currency swap contract (losses) gains(39)121 Other income, net
(67)166 Income before income taxes
14 (36)Provision for income taxes
$(53)$130 Net income
Nine months ended September 30,Condensed Consolidated
Statements of Income locations
Components of AOCI20252024
Cash flow hedges:
Foreign currency forward contract gains$40 $151 Product sales
Cross-currency swap contract gains216 87 Other income, net
256 238 Income before income taxes
(56)(51)Provision for income taxes
$200 $187 Net income