Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

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

The following table presents the impact of the accounting for the enactment of the Tax Act on our provision (benefit) for income taxes for the years ended December 31, 2018 and 2017:

	Year ended December 31,
	2018		2017
Revaluation of deferred tax balances (1)	$	1	$	(746	)
One-time transition tax (2)	5		57
Total provision (benefit) for income taxes impact	$	6	$	(689	)

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(1) Reflects the revaluation of our net deferred tax liability based on a U.S. federal tax rate of 21 percent.

(2)

Reflects a one-time transition tax on our unremitted foreign earnings and profits.The components of the provision (benefit) for income taxes for each of the three years in the period ended December 31, 2018 are
as follows:

	Year ended December 31,
	2018		2017			2016
Current
Federal	$	47	$	190		$	186
Foreign	18		15			10
State and local	58		30			24
	123		235			220
Deferred
Federal	243		(580		)	119
Foreign	3		(2		)	(1		)
State and local	11		49			5
	257		(533		)	123
Total	$	380	$	(298	)	$	343

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 rates (21 percent for the year ended December 31, 2018 and 35 percent for the years ended December 31, 2017 and 2016) to the income before provision (benefit) for income taxes for each of the three years in the period ended December 31, 2018 is as follows:

	Year ended December 31,
	2018		2017			2016
Computed tax at statutory tax rate	$	310	$	367		$	318
State income taxes, net of federal tax benefit	54		34			21
Non-deductible expenses and other	6		(3		)	9
Enactment of the Tax Act	6		(689		)	—
Foreign taxes	4		(7		)	(5		)
Total	$	380	$	(298	)	$	343

Schedule of deferred tax assets and liabilities

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

	December 31, 2018			December 31, 2017
Reserves and allowances	$	126		$	87
Debt cancellation and other	11			13
Net operating loss and credit carryforwards	435			192
Total deferred tax assets	572			292
Property and equipment	(1,976		)	(1,498		)
Intangibles	(237		)	(174		)
Valuation allowance	(46		)	(39		)
Total deferred tax liability	(2,259		)	(1,711		)
Total deferred income tax liability	$	(1,687	)	$	(1,419	)