v3.24.1.u1
Accounting Policies and Supplemental Disclosures (Tables)
 3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Three Months Ended
March 31,		Twelve Months Ended
March 31,
2023202420232024
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$402 $269 $1,684 $2,475 
Cash paid for operating leases2,467 3,332 8,733 11,318 
Cash paid for interest on finance leases81 74 348 301 
Cash paid for interest on financing obligations59 64 208 201 
Cash paid for income taxes, net of refunds619 458 6,201 11,018 
Assets acquired under operating leases3,626 3,753 20,251 14,179 
Property and equipment acquired under finance leases, net of remeasurements and modifications8 42 517 676 
Property and equipment recognized during the construction period of build-to-suit lease arrangements131 37 1,953 263 
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating
720 — 5,845 654 
Calculation of Diluted Shares
The following table shows the calculation of diluted shares (in millions):
Three Months Ended
March 31,
20232024
Shares used in computation of basic earnings per share10,250 10,393 
Total dilutive effect of outstanding stock awards97 277 
Shares used in computation of diluted earnings per share10,347 10,670 
Other Income (Expense), Net Other income (expense), net” is as follows (in millions):
Three Months Ended
March 31,
20232024
Marketable equity securities valuation gains (losses)$(480)$(2,126)
Equity warrant valuation gains (losses)59 (230)
Upward adjustments relating to equity investments in private companies16 5 
Foreign currency gains (losses)70 (74)
Other, net(108)(248)
Total other income (expense), net(443)(2,673)
Summarized Financial Information of Equity Investment
Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions):
Twelve Months Ended December 31,
20222023
Revenues$1,658 $4,434 
Gross profit(3,123)(2,030)
Loss from operations(6,856)(5,739)
Net loss(6,752)(5,432)