XML 79 R60.htm IDEA: XBRL DOCUMENT v3.22.4
Tax Matters (Taxes on Income) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Taxes on Income [Line Items]      
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest [1] $ 2,656 $ 2,488 $ 1,996
Deferred income taxes:      
Total U.S. tax provision $ 545 $ 454 $ 360
International:      
U.S. statutory income tax rate 21.00% 21.00% 21.00%
State and local taxes, net of federal benefits 0.90% 0.80% 0.90%
Unrecognized tax benefits and tax settlements and resolution of certain tax positions [2] 0.10% 0.10% 0.10%
Foreign Derived Intangible Income (0.20%) (1.10%) 0.00%
U.S. Research and Development Tax Credit and U.S. Domestic Production Activities deduction (0.70%) (0.60%) (0.70%)
Stock-based compensation (0.60%) (0.90%) (1.30%)
Non-deductible / non-taxable items 0.10% 0.30% 0.40%
Taxation of non-U.S. operations (0.40%) (1.30%) (1.60%)
All other—net 0.30% (0.10%) (0.80%)
Effective tax rate 20.50% 18.20% 18.00%
Deferred Tax Benefit, FDII $ 38    
International      
International:      
Total international tax provision 197 $ 202 $ 135
United States      
Deferred income taxes:      
Total U.S. tax provision 348 252 225
United States      
Taxes on Income [Line Items]      
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1,645 1,308 1,109
Current income taxes:      
Federal 514 311 232
State and local 81 35 36
Deferred income taxes:      
Federal (198) (84) (29)
State and local (49) (10) (14)
International      
Taxes on Income [Line Items]      
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1,011 1,180 887
International:      
Current income taxes 235 188 154
Deferred income taxes $ (38) $ 14 $ (19)
[1] Defined as income before provision for taxes on income.
[2] For a discussion about unrecognized tax benefits and tax settlements and resolution of certain tax positions, see D. Tax Contingencies.