Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income (Loss) Before Income Taxes and Noncontrolling Interests

Consolidated loss before taxes and noncontrolling interests for domestic and foreign operations is as follows:

	Year Ended December 31,
	2022		2021		2020
	(In millions)
Foreign	$	(1,090)	$	(1,091)	$	(1,614)
Domestic	(297)		(383)		(262)
Total loss before income taxes from continuing operations	$	(1,387)	$	(1,474)	$	(1,876)

Components of Income Tax (Benefit) Expense

The components of the income tax expense (benefit) from continuing operations are as follows:

	Year Ended December 31,
	2022		2021		2020
	(In millions)
Foreign:
Current	$	136	$	32	$	7
Deferred	(21)		(12)		3
Federal:
Current	20		8		(5)
Deferred	19		(33)		21
State:
Current	—		—		(2)
Total income tax expense (benefit)	$	154	$	(5)	$	24

Effective Income Tax Rate Reconciliation

The reconciliation of the statutory federal income tax rate and the Company's effective tax rate for continuing operations is as follows:

	Year Ended December 31,
	2022		2021		2020
Statutory federal income tax rate	(21.0)	%	(21.0)	%	(21.0)	%
Increase (decrease) in tax rate resulting from:
Change in valuation allowance	15.8	%	13.1	%	11.4	%
Foreign and U.S. tax rate differential	9.0	%	6.7	%	7.8	%
Tax exempt loss of foreign subsidiary	4.5	%	0.6	%	2.4	%
Other, net	2.8	%	0.3	%	0.7	%
Effective tax rate	11.1	%	(0.3)	%	1.3	%

Components of Deferred Tax Assets and Liabilities

The primary tax affected components of the Company's net deferred tax assets (liabilities) are as follows:

	December 31,
	2022		2021
	(In millions)
Deferred tax assets:
U.S. foreign tax credit carryforwards	$	3,720	$	4,815
Net operating loss carryforwards	481		539
Stock-based compensation	17		16
Accrued expenses	9		21
Provision for credit losses	1		14
Interest expense carryforward	—		18
Deferred gain on mall sale transactions	—		11
Pre-opening expenses	—		6
Other	14		2
	4,242		5,442
Less — valuation allowances	(4,083)		(5,034)
Total deferred tax assets	159		408
Deferred tax liabilities:
Property and equipment	(174)		(273)
Prepaid expenses	(2)		(5)
Other	(4)		(6)
Total deferred tax liabilities	(180)		(284)
Deferred tax assets (liabilities), net	$	(21)	$	124

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, is as follows:

	December 31,
	2022		2021		2020
	(In millions)
Balance at the beginning of the year	$	136	$	131	$	134
Additions to tax positions related to prior years	—		—		—
Reductions to tax positions related to prior years	(15)		(4)		(14)
Additions to tax positions related to current year	15		9		11
Balance at the end of the year	$	136	$	136	$	131