Preferred stock shares authorized (in shares)

  
Accumulated other comprehensive lossThe components of AOCI were as follows (in millions):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Foreigncurrencytranslation |  | Cash flowhedges |  | Available-for-salesecurities |  | Other |  | AOCI |
| Balance as of December 31, 2018 | $ | (670) |  |  | $ | 241  |  |  | $ | (338) |  |  | $ | (2) |  |  | $ | (769) |  |
| Foreign currency translation adjustments | (48) |  |  | —  |  |  | —  |  |  | —  |  |  | (48) |  |
| Unrealized gains | —  |  |  | 127  |  |  | 424  |  |  | —  |  |  | 551  |  |
| Reclassification adjustments to income | —  |  |  | (211) |  |  | (56) |  |  | —  |  |  | (267) |  |
| Other losses | —  |  |  | —  |  |  | —  |  |  | (5) |  |  | (5) |  |
| Income taxes | —  |  |  | 18  |  |  | (8) |  |  | —  |  |  | 10  |  |
| Balance as of December 31, 2019 | (718) |  |  | 175  |  |  | 22  |  |  | (7) |  |  | (528) |  |
|  |  |  |  |  |  |  |  |  |  |
| Foreign currency translation adjustments | 9  |  |  | —  |  |  | —  |  |  | —  |  |  | 9  |  |
| Unrealized (losses) gains | —  |  |  | (61) |  |  | 6  |  |  | —  |  |  | (55) |  |
| Reclassification adjustments to income | —  |  |  | (501) |  |  | (33) |  |  | —  |  |  | (534) |  |
| Other losses | —  |  |  | —  |  |  | —  |  |  | (7) |  |  | (7) |  |
| Income taxes | —  |  |  | 124  |  |  | 6  |  |  | —  |  |  | 130  |  |
| Balance as of December 31, 2020 | (709) |  |  | (263) |  |  | 1  |  |  | (14) |  |  | (985) |  |
|  |  |  |  |  |  |  |  |  |  |
| Foreign currency translation adjustments | (135) |  |  | —  |  |  | —  |  |  | —  |  |  | (135) |  |
| Unrealized gains (losses) | —  |  |  | 159  |  |  | (1) |  |  | —  |  |  | 158  |  |
| Reclassification adjustments to income | —  |  |  | 253  |  |  | —  |  |  | —  |  |  | 253  |  |
| Other gains | —  |  |  | —  |  |  | —  |  |  | 1  |  |  | 1  |  |
| Income taxes | —  |  |  | (88) |  |  | —  |  |  | —  |  |  | (88) |  |
| Balance as of December 31, 2021 | $ | (844) |  |  | $ | 61  |  |  | $ | —  |  |  | $ | (13) |  |  | $ | (796) |  |

With respect to the table above, income tax expenses or benefits for unrealized gains and losses and the related reclassification adjustments to income for cash flow hedges were a $33 million expense and a $55 million expense in 2021, a $14 million benefit and a $110 million benefit in 2020 and a $28 million expense and a $46 million benefit in 2019, respectively. Income tax expenses or benefits for unrealized gains and losses and the related reclassification adjustments to income for available-for-sale securities were a $1 million expense and a $7 million benefit in 2020 and a $22 million expense and a $14 million benefit in 2019, respectively.Reclassifications out of AOCI and into earnings were as follows (in millions):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Years ended December 31, |  |  |
| Components of AOCI |  | 2021 |  | 2020 |  | 2019 |  | Consolidated Statements of Income locations |
| Cash flow hedges: |  |  |  |  |  |  |  |  |
| Foreign currency contract (losses) gains |  | $ | (8) |  |  | $ | 178  |  |  | $ | 101  |  |  | Product sales |
| Cross-currency swap contract (losses) gains |  | (245) |  |  | 323  |  |  | 110  |  |  | Other income, net |
|  |  |  |  |  |  |  |  |  |
|  |  | (253) |  |  | 501  |  |  | 211  |  |  | Income before income taxes |
|  |  | 55  |  |  | (110) |  |  | (46) |  |  | Provision for income taxes |
|  |  | $ | (198) |  |  | $ | 391  |  |  | $ | 165  |  |  | Net income |
| Available-for-sale securities: |  |  |  |  |  |  |  |  |
| Net realized gains |  | $ | —  |  |  | $ | 33  |  |  | $ | 56  |  |  | Other income, net |
|  |  | —  |  |  | (7) |  |  | (14) |  |  | Provision for income taxes |
|  |  | $ | —  |  |  | $ | 26  |  |  | $ | 42  |  |  | Net income |

OtherIn addition to common stock, our authorized capital includes 5 million shares of preferred stock, $0.0001 par value. As of December 31, 2021 and 2020, no shares of preferred stock were issued or outstanding.F-38
