Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

INCOME BEFORE INCOME TAXES (Dollars in millions)	2021			2020			2019
U.S.	$	(38	)	$	(102	)	$	67
Non-U.S.		652			393			582
Total	$	614		$	291		$	648

Schedule of Provision for Income Taxes

PROVISION FOR INCOME TAXES (Dollars in millions)	2021			2020			2019
Current
U.S. federal	$	8		$	(41	)	$	19
Non-U.S.		191			169			178
U.S. state and local		(2	)		(2	)		5
Deferred
U.S. federal		(8	)		(6	)		(3	)
Non-U.S.		(10	)		(17	)		(13	)
U.S. state and local		(2	)		(2	)		(1	)
Total income tax expense	$	177		$	103		$	186

Schedule of Effective Income Tax Rate

EFFECTIVE INCOME TAX RATE (%)	2021				2020				2019
U.S. federal income tax rate		21.0		%		21.0		%		21.0		%
Non-Deductible Expenses		(0.1	)			3.0				0.3
Foreign tax rate variances		3.1				8.4				4.1
Tax credits		(2.2	)			(3.2	)			(1.7	)
Current year losses with no benefit		0.1				7.1				0.2
Net operating loss carry-forwards		(0.2	)			—				(0.1	)
Changes in tax reserves		0.6				1.7				1.7
Provision to Return		(0.2	)			(8.8	)			(2.3	)
Earnings of equity investments		(0.1	)			(0.2	)			(0.1	)
Withholding taxes		4.5				8.5				2.4
State taxes, net of federal benefit		(0.5	)			(0.7	)			0.4
Tax Audits		0.6				0.0				0.0
U.S. FDII Deduction		—				—				(0.5	)
U.S. GILI Tax		1.1				—				1.8
Other, net		1.2				(1.5	)			1.4
Effective income tax rate		28.9		%		35.3		%		28.6		%

Schedule of Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits (dollars in millions):

UNRECOGNIZED TAX BENEFITS	2021			2020			2019
Unrecognized tax benefits at beginning of year	$	63		$	59		$	50
Increases as a result of tax positions taken during a prior    period		3			1			4
Increases as a result of tax positions taken during the current    period		5			4			6
Decreases as a result of tax positions taken during the    current period		0			0			0
Decreases relating to settlements with taxing authorities		(4	)		0			0
Decreases resulting from the lapse of the applicable statute    of limitations		(1	)		(1	)		(1	)
Translation Difference		(1	)		(0	)		0
Total unrecognized tax benefits at end of year	$	65		$	63		$	59

Schedule of Deferred Taxes

The tax effect of temporary differences and carryforwards that comprise significant portions of deferred tax assets and liabilities were as follows (dollars in millions).

DEFERRED TAXES	December 31,
	2021			2020			2019
Assets
Provisions	$	136		$	141		$	105
Costs capitalized for tax		29			21			26
Property, plant and equipment		0			5			10
Retirement Plans		46			59			61
Tax receivables, principally NOL’s		109			110			94
Deferred tax assets before allowances		320			336			295
Valuation allowances		(59	)		(68	)		(61	)
Total	$	261		$	268		$	234
Liabilities
Acquired intangibles	$	0		$	(2	)	$	(4	)
Statutory tax allowances		(6	)		(0	)		(0	)
Distribution taxes		(6	)		(15	)		(15	)
Other		(3	)		(4	)		(7	)
Total		(15	)		(21	)		(26	)
Net deferred tax asset	$	246		$	247		$	208

Schedule of Valuation Allowances Against Deferred Tax Assets

The following table summarizes the activity related to the Company’s valuation allowances (dollars in millions):

VALUATION ALLOWANCES AGAINST DEFERRED TAX ASSETS	December 31,
	2021			2020			2019
Allowances at beginning of year	$	68		$	61		$	71
Benefits reserved current year		5			14			4
Benefits recognized current year		(9	)		(1	)		(11	)
Translation difference		(5	)		(6	)		(4	)
Allowances at end of year	$	59		$	68		$	61