Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components of Income Before Income Taxes

The components of income before income taxes were as follows: 

	2021		2020		2019
U.S.	$	143	$	97	$	1
Foreign	(562)		628		630
	$	(419)	$	725	$	631

Provision for Income Taxes

The provision for income taxes consisted of the following: 

	2021		2020		2019
Current tax:
U.S. federal	$	2	$	—	$	(1)
State and foreign	239		161		165
	$	241	$	161	$	164
Deferred tax:
U.S. federal	$	46	$	38	$	17
State and foreign	(344)		—		(45)
	(298)		38		(28)
Total	$	(57)	$	199	$	136

Schedule of U.S. Statutory Federal Income Tax Rate to Pre-tax Income

The provision for income taxes differs from the amount of income tax determined by applying the U.S. statutory federal income tax rate to pre-tax income as a result of the following items:

	2021		2020		2019
U.S. statutory rate at 21%	$	(88)	$	152	$	133
Tax on foreign income	(29)		27		10
Valuation allowance changes	26		(11)		(33)
State taxes	9		5		7
U.S. taxes on foreign income, net of credits	13		14		15
Tax contingencies	8		1		19
Tax law changes	(8)		4		(11)
Other items, net	12		7		(4)
Income tax provision / (benefit)	$	(57)	$	199	$	136

Components of Deferred Taxes

The components of deferred taxes at December 31 were:

	2021				2020
	Assets		Liabilities		Assets		Liabilities
Tax carryforwards	$	346	$	—	$	424	$	—
Intangible assets	—		317		—		354
Property, plant and equipment	21		176		24		130
Pensions	105		$	13	124		$	101
Accruals and other	96		109		89		84
Asbestos	56		—		61		—
Postretirement and postemployment benefits	31		—		35		—
Lease liabilities	29		—		34		—
Right of use assets	—		28		—		33
Valuation allowances	(227)		—		(204)		—
Total	$	457	$	643	$	587	$	702

Schedule of Tax Loss and Credit Carryforwards Expiration

Tax carryforwards expire as follows:

Year	Amount
2022	$	10
2023	12
2024	13
2025	28
2026	24
Thereafter	142
Unlimited	117

Reconciliation of Unrecognized Tax Benefits

A reconciliation of unrecognized tax benefits follows:

	2021		2020		2019
Balance at January 1	$	42	$	39	$	35
Additions for prior year tax positions	9		1		20
Lapse of statute of limitations	(1)		—		(1)
Settlements	—		—		(15)
Foreign currency translation	(2)		2		—
Balance at December 31	$	48	$	42	$	39