XML 148 R129.htm IDEA: XBRL DOCUMENT v3.25.0.1
INCOME TAXES - Income Tax Expense Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Expense Reconciliation      
Income tax expense (benefit) at U.S. statutory rate $ (61) $ 51 $ (682)
Tax incentives (176) (200) (156)
State and local taxes, net of federal benefit (9) (2) (27)
Impact of foreign taxes 137 190 78
Non-deductible goodwill impairments 86 0 591
Notional interest deduction expense (benefit) (37) 31 (306)
Valuation allowances (25) (51) 312
Stock compensation (windfall) shortfall tax expense (benefit) 9 10 (4)
Research and development tax credits (19) (17) (8)
Uncertain tax positions 9 6 (7)
Unutilized foreign tax credits 15 32 32
Subpart F income 18 26 11
Foreign tax credits (5) (7) 4
Pillar Two taxes 11 0 0
Revaluation of Swiss basis step-up deferred tax asset 58 0 0
Tax law changes on Section 987 17 0 0
Other, net 9 (8) 27
Income tax expense (benefit) $ 37 $ 61 $ (135)