Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of the components of the provision (benefit) for income taxes

The components of the provision (benefit) for income taxes for each of the three years in the period ended December 31, 2017 are as follows:



	Year ended December 31,
	2017			2016			2015
Current
Federal	$	190		$	186		$	13
Foreign	15			10			15
State and local	30			24			14
	235			220			42
Deferred
Federal	(580		)	119			300
Foreign	(2		)	(1		)	5
State and local	49			5			31
	(533		)	123			336
Total	$	(298	)	$	343		$	378

Schedule of effective income tax rate reconciliation

A reconciliation of the provision (benefit) for income taxes and the amount computed by applying the statutory federal income tax rate of 35 percent to the income before provision (benefit) for income taxes for each of the three years in the period ended December 31, 2017 is as follows:



	Year ended December 31,
	2017			2016			2015
Computed tax at statutory tax rate	$	367		$	318		$	337
State income taxes, net of federal tax benefit	34			21			41
Non-deductible expenses and other	(3		)	9			8
Enactment of the Tax Cuts and Jobs Act	(689		)	—			—
Foreign taxes	(7		)	(5		)	(8		)
Total	$	(298	)	$	343		$	378

Schedule of deferred tax assets and liabilities

The components of deferred income tax assets (liabilities) are as follows:



	December 31, 2017			December 31, 2016
Reserves and allowances	$	87		$	103
Debt cancellation and other	13			33
Net operating loss and credit carryforwards	192			28
Total deferred tax assets	292			164
Property and equipment	(1,498		)	(1,820		)
Intangibles	(174		)	(231		)
Valuation allowance	(39		)	(9		)
Total deferred tax liability	(1,711		)	(2,060		)
Total deferred income tax liability	$	(1,419	)	$	(1,896	)