Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

INCOME BEFORE INCOME TAXES (Dollars in millions)	2022			2021			2020
U.S.	$	(3	)	$	(38	)	$	(102	)
Non-U.S.		606			652			393
Total	$	603		$	614		$	291

Schedule of Provision for Income Taxes

PROVISION FOR INCOME TAXES (Dollars in millions)	2022			2021			2020
Current
U.S. federal	$	32		$	8		$	(41	)
Non-U.S.		181			191			169
U.S. state and local		5			(2	)		(2	)
Deferred
U.S. federal		(20	)		(8	)		(6	)
Non-U.S.		(17	)		(10	)		(17	)
U.S. state and local		(3	)		(2	)		(2	)
Total income tax expense	$	178		$	177		$	103

Schedule of Effective Income Tax Rate

EFFECTIVE INCOME TAX RATE (%)	2022				2021				2020
U.S. federal income tax rate		21.0		%		21.0		%		21.0		%
Non-Deductible Expenses		0.5				(0.1	)			3.0
Foreign tax rate variances		3.6				3.1				8.4
Tax credits		(3.5	)			(2.2	)			(3.2	)
Change in Valuation Allowances		(1.7	)			(0.1	)			7.1
Changes in tax reserves		(0.2	)			0.6				1.7
Provision to Return		0.6				(0.2	)			(8.8	)
Earnings of equity investments		(0.1	)			(0.1	)			(0.2	)
Withholding taxes		4.0				4.5				8.5
State taxes, net of federal benefit		0.4				(0.5	)			(0.7	)
Tax Audits		1.0				0.6				0.0
U.S. GILTI Tax		3.4				1.1				—
Impact of Translation Rates		0.2				—				—
Other, net		0.3				1.2				(1.5	)
Effective income tax rate		29.5		%		28.9		%		35.3		%

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	2022			2021			2020
Unrecognized tax benefits at beginning of year	$	65		$	63		$	59
Increases as a result of tax positions taken during a prior    period		0			3			1
Increases as a result of tax positions taken during the current    period		7			5			4
Decreases as a result of tax positions taken during a prior period		0			0			0
Decreases relating to settlements with taxing authorities		(4	)		(4	)		0
Decreases resulting from the lapse of the applicable statute    of limitations		0			(1	)		(1	)
Translation Difference		(1	)		(1	)		(0	)
Total unrecognized tax benefits at end of year	$	67		$	65		$	63

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,
	2022			2021			2020
Assets
Provisions	$	99		$	136		$	141
Costs capitalized for tax		43			29			21
Property, plant and equipment		12			0			5
Retirement Plans		42			46			59
Tax receivables, principally NOL’s		123			109			110
Deferred tax assets before allowances		319			320			336
Valuation allowances		(46	)		(59	)		(68	)
Total		273			261			268
Liabilities
Acquired intangibles		0			0			(2	)
Statutory tax allowances		0			(6	)		(0	)
Distribution taxes		(3	)		(6	)		(15	)
Other		(2	)		(3	)		(4	)
Total		(5	)		(15	)		(21	)
Net deferred tax asset	$	268		$	246		$	247

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,
	2022			2021			2020
Allowances at beginning of year	$	59		$	68		$	61
Benefits reserved current year		14			5			14
Benefits recognized current year		(27	)		(9	)		(1	)
Translation difference		0			(5	)		(6	)
Allowances at end of year	$	46		$	59		$	68