Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Reconciliation of Company's Effective Tax Rate to U.S. Federal Statutory Rate

A reconciliation of the Company’s effective tax rate to the U.S. federal statutory rate is as follows:

	Years Ended December 31,
	2022			2021			2020
U.S. federal statutory tax rate		21.0	%		21.0	%		21.0	%
Federal tax credits		(1.5	)		(0.7	)		(1.5	)
State income taxes, net of credits and net of federal benefit		(0.3	)		1.5			1.1
Effect of foreign operations taxed at various rates		(6.8	)		(4.5	)		(5.0	)
Executive compensation		1.5			0.9			1.1
Foreign derived intangible income deduction		(4.8	)		(1.7	)		(1.5	)
Global intangible low taxed income, net of foreign tax credits		3.6			0.5			0.9
Stock-based compensation		0.3			(0.5	)		(0.7	)
Deferred tax asset valuation allowance		(0.4	)		(0.8	)		0.6
Change in income tax reserves (including interest)		0.8			(0.6	)		—
Withholding taxes on foreign dividends, net of foreign tax credits		10.7			1.5			0.7
Other		(1.0	)		0.4			0.5
		23.1	%		17.1	%		17.2	%

Components of Income Before Income Taxes and Related Provision (benefit) for Income Taxes

The components of income before income taxes and the related provision (benefit) for income taxes consist of the following:

	Years Ended December 31,
	2022			2021			2020
Income before income taxes:
United States	$	(90	)	$	249		$	132
Foreign		523			416			291
	$	433		$	665		$	423
Current taxes:
United States	$	40		$	38		$	29
State		7			10			6
Foreign		99			64			45
		146			112			80
Deferred taxes:
United States		(68	)		5			(8	)
State and Foreign		22			(3	)		1
		(46	)		2			(7	)
Provision for income taxes	$	100		$	114		$	73

Significant Components of Deferred Tax Assets and Deferred Tax Liabilities

The significant components of the deferred tax assets and deferred tax liabilities are as follows:

	December 31,
	2022			2021
Deferred tax assets:
Interest, loss, and credit carryforwards	$	224		$	49
Inventory and warranty reserves		50			37
Accrued expenses and other reserves		22			16
Stock-based compensation		3			4
Executive supplemental retirement benefits		1			1
Capitalized research expenditures		31			—
Loan costs		9			—
Lease liability		55			45
Other		4			1
Total deferred tax assets	$	399		$	153
Deferred tax liabilities:
Acquired intangible assets and goodwill	$	(781	)	$	(137	)
Depreciation and amortization		(62	)		(23	)
Loan costs		—			(2	)
Right-of-use asset		(55	)		(41	)
Foreign withholding taxes		(56	)		(6	)
Unrealized gain		(14	)		(2	)
Total deferred tax liabilities		(968	)		(211	)
Valuation allowance		(181	)		(26	)
Net deferred tax liabilities	$	(750	)	$	(84	)

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits, Excluding Interest and Penalties

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding interest and penalties, is as follows:

	Years Ended December 31,
	2022			2021			2020
Balance at beginning of year	$	43		$	47		$	44
Increases for tax positions taken during prior years		35			—			1
Increases for tax positions taken during the current year		9			2			6
Reductions related to expiration of statutes of limitations and audit    settlements		(4	)		(6	)		(4	)
Balance at end of year	$	83		$	43		$	47