Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes and the income tax provision consisted of the following (in millions):

	Year Ended December 31,
	2019			2018			2017
Income before income taxes
Domestic	$	1,333		$	1,371		$	1,308
Foreign	1,148			1,149			1,218
Total	$	2,481		$	2,520		$	2,526
Income tax provision
Current tax expense:
Federal	$	189		$	140		$	266
State	124			107			92
Foreign	241			226			268
Total	$	554		$	473		$	626
Deferred tax expense (benefit):
Federal	$	(21	)	$	29		$	(677	)
State	(4		)	9			33
Foreign	(8		)	(11		)	(10		)
	$	(33	)	$	27		$	(654	)
Total income tax expense (benefit)	$	521		$	500		$	(28	)

Reconciliation of Statutory U.S. Federal Income Tax Rate to Effective Income Tax Rate

A reconciliation of the statutory U.S. federal income tax rate to our effective income tax rate is as follows:

	Year Ended December 31,
	2019		2018		2017
Statutory federal income tax rate	21	%	21	%	35	%
State and local income taxes, net of federal benefit	4		3		3
Foreign tax rate differential	(1	)	(1	)	(7	)
Current year tax benefit from foreign derived intangible income	(1	)	—		—
Deferred tax benefit due to tax law changes	—		—		(30	)
Other	(2	)	(3	)	(2	)
Total provision for income taxes	21	%	20	%	(1	)%

Schedule Of Deferred Tax Assets And Liabilities

The following table summarizes the significant components of our deferred tax liabilities and assets as of December 31, 2019 and 2018 (in millions):

	As of December 31,
	2019			2018
Deferred tax assets:
Deferred and stock-based compensation	$	82		$	89
Pension	4			12
Liability reserve	38			35
Tax credits	2			3
Loss carryforward	129			138
Deferred revenue	22			24
Other	42			55
Total	319			356
Valuation allowance	(119		)	(119		)
Total deferred tax assets, net of valuation allowance	$	200		$	237
Deferred tax liabilities:
Property and equipment	$	(132	)	$	(133	)
Acquired intangibles	(2,382		)	(2,439		)
Total deferred tax liabilities	$	(2,514	)	$	(2,572	)
Net deferred tax liabilities	$	(2,314	)	$	(2,335	)
Reported as:
Net non-current deferred tax assets	$	—		$	2
Net non-current deferred tax liabilities	(2,314		)	(2,337		)
Net deferred tax liabilities	$	(2,314	)	$	(2,335	)

Reconciliation of Deferred Income Tax Valuation Allowance

A reconciliation of the beginning and ending amount of deferred income tax valuation allowance is as follows (in millions):

	Year Ended December 31,
	2019			2018			2017
Beginning balance of deferred income tax valuation allowance	$	119		$	126		$	122
Charges against goodwill	1			—			15
Decreases	(1		)	(7		)	(11		)
Ending balance of deferred income tax valuation allowance	$	119		$	119		$	126

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):

	Year Ended December 31,
	2019			2018			2017
Beginning balance of unrecognized tax benefits	98			$	115		112
Additions based on tax positions taken in current year	17			13			10
Additions based on tax positions taken in prior years	9			7			9
Reductions based on tax positions taken in prior years	(1		)	—			—
Reductions resulting from statute of limitation lapses	(13		)	(19		)	(8		)
Reductions related to settlements with taxing authorities	(7		)	(18		)	(8		)
Ending balance of unrecognized tax benefits	$	103		$	98		$	115

Open Tax Years and Examinations by Jurisdiction

The following table summarizes open tax years by major jurisdiction:

Jurisdiction	Open Tax Years
U.S. Federal	2016 - 2019
U.S. States	2008 - 2019

U.K.	2018 - 2019
Netherlands	2013 - 2019