Stockholders' equity (Tables)

12 Months Ended

Dec. 31, 2025

The components of AOCI were as follows (in millions):


	Foreign currency translation adjustments		Cash flow hedges		Other		AOCI
Balance as of December 31, 2022	$	(348)	$	128	$	(11)	$	(231)
Foreign currency translation adjustments	50		—		—		50
Unrealized gains	—		28		—		28
Reclassification adjustments into earnings	—		(222)		—		(222)
Other	—		—		42		42
Income taxes	—		44		—		44
Balance as of December 31, 2023	(298)		(22)		31		(289)

Foreign currency translation adjustments	(76)		—		—		(76)
Unrealized gains	—		506		—		506
Reclassification adjustments into earnings	—		(117)		—		(117)
Other	—		—		(10)		(10)
Income taxes	—		(80)		—		(80)
Balance as of December 31, 2024	(374)		287		21		(66)

Foreign currency translation adjustments	172		—		—		172
Unrealized losses	—		(250)		—		(250)
Reclassification adjustments into earnings	—		(231)		—		(231)
Other	—		—		13		13
Income taxes	—		104		—		104
Balance as of December 31, 2025	$	(202)	$	(90)	$	34	$	(258)

Reclassifications out of AOCI and into earnings were as follows (in millions):


	Years ended December 31,
Components of AOCI	2025		2024		2023		Consolidated Statements of Income locations
Cash flow hedges:
Foreign currency forward contract gains	$	10	$	192	$	180	Product sales
Cross-currency swap contract gains (losses)	221		(75)		42		Other income, net

	231		117		222		Income before income taxes
	(51)		(25)		(50)		Provision for income taxes
	$	180	$	92	$	172	Net income