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Income Taxes	6 Months Ended
Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	4. INCOME TAXES The effective tax rate for the three months period ended June 30, 2021 was 31.3% compared to 29.3% for the three months period ended June 30, 2020. Discrete tax items, net for the three months period ended June 30, 2021 had an unfavorable impact of 0.2%. Discrete tax items, net for the three months period ended June 30, 2020 had a favorable impact of 4.4%. The effective tax rate for the six months period ended June 30, 2021 was 29.2% compared to 26.5% for the six months period ended June 30, 2020. Discrete tax items, net for the six months period ended June 30, 2021 had a favorable impact of 0.1%. Discrete tax items, net for the six months period ended June 30, 2020, had a favorable impact of 7.6%. The Company files income tax returns in the U.S. federal jurisdiction, various U.S. states and non-U.S. jurisdictions. At any given time, the Company is undergoing tax audits in several tax jurisdictions covering multiple years. The Company is no longer subject to income tax examination by the U.S. federal income tax authorities for years prior to 2015. With few exceptions, the Company is no longer subject to income tax examination by U.S. state or local tax authorities or by non-U.S. tax authorities for years before 2010. As of June 30, 2021, the Company is not aware of any proposed income tax adjustments resulting from tax examinations that would have a material impact on the Company’s condensed consolidated financial statements. The conclusion of such audits could result in additional increases or decreases to unrecognized tax benefits in some future period or periods. During the six months period ended June 30, 2021, the Company recorded a net increase of $4 million to income tax reserves for unrecognized tax benefits based on tax positions related to the current year, including accruing additional interest related to unrecognized tax benefits from prior years. Of the total unrecognized tax benefits of $50 million recorded at June 30, 2021, $6 million is classified as current tax payable within Other current liabilities and $44 million is classified as non-current tax payable within Other non-current liabilities on the Condensed Consolidated Balance Sheet.

Income Taxes

6 Months Ended

Jun. 30, 2021

4. INCOME TAXES

The effective tax rate for the three months period ended June 30, 2021 was 31.3% compared to 29.3% for the three months period ended June 30, 2020. Discrete tax items, net for the three months period ended June 30, 2021 had an unfavorable impact of 0.2%. Discrete tax items, net for the three months period ended June 30, 2020 had a favorable impact of 4.4%.

The effective tax rate for the six months period ended June 30, 2021 was 29.2% compared to 26.5% for the six months period ended June 30, 2020. Discrete tax items, net for the six months period ended June 30, 2021 had a favorable impact of 0.1%. Discrete tax items, net for the six months period ended June 30, 2020, had a favorable impact of 7.6%.

The Company files income tax returns in the U.S. federal jurisdiction, various U.S. states and non-U.S. jurisdictions. At any given time, the Company is undergoing tax audits in several tax jurisdictions covering multiple years. The Company is no longer subject to income tax examination by the U.S. federal income tax authorities for years prior to 2015. With few exceptions, the Company is no longer subject to income tax examination by U.S. state or local tax authorities or by non-U.S. tax authorities for years before 2010.

As of June 30, 2021, the Company is not aware of any proposed income tax adjustments resulting from tax examinations that would have a material impact on the Company’s condensed consolidated financial statements. The conclusion of such audits could result in additional increases or decreases to unrecognized tax benefits in some future period or periods.

During the six months period ended June 30, 2021, the Company recorded a net increase of $4 million to income tax reserves for unrecognized tax benefits based on tax positions related to the current year, including accruing additional interest related to unrecognized tax benefits from prior years. Of the total unrecognized tax benefits of $50 million recorded at June 30, 2021, $6 million is classified as current tax payable within Other current liabilities and $44 million is classified as non-current tax payable within Other non-current liabilities on the Condensed Consolidated Balance Sheet.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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