Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The domestic and foreign components of income from continuing operations before income taxes were as follows:

	Year Ended December 31,
	2018		2017		2016
	(in millions)
U.S. income before tax	$	881	$	632	$	906
Foreign income (loss) before tax	197		121		(366		)
Income from continuing operations before income taxes	$	1,078	$	753	$	540

Schedule of Components of Income Tax Expense (Benefit)

The components of our provision (benefit) for income taxes were as follows:

	Year Ended December 31,
	2018			2017			2016
	(in millions)
Current:
Federal	$	210		$	239		$	441
State	53			59			143
Foreign	60			95			70
Total current	323			393			654
Deferred:
Federal	(52		)	(667		)	(123		)
State	(14		)	(35		)	45
Foreign	52			(27		)	(19		)
Total deferred	(14		)	(729		)	(97		)
Total provision (benefit) for income taxes	$	309		$	(336	)	$	557

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations of our tax provision at the U.S. statutory rate to the provision (benefit) for income taxes were as follows:

	Year Ended December 31,
	2018			2017			2016
	(in millions)
Statutory U.S. federal income tax provision	$	226		$	264		$	189
State income taxes, net of U.S. federal tax benefit	37			19			22
Impact of foreign operations	26			4			34
Effects of the TCJ Act	13			(600		)	—
Corporate restructuring	9			—			477
Change in deferred tax asset valuation allowance	(6		)	(48		)	(20		)
Provision (benefit) for uncertain tax positions	16			38			(139		)
Other, net	(12		)	(13		)	(6		)
Provision (benefit) for income taxes	$	309		$	(336	)	$	557

Schedule of Deferred Tax Assets and Liabilities

The tax effects of the temporary differences and carryforwards that give rise to our net deferred taxes were as follows:

	December 31,
	2018			2017
	(in millions)
Deferred tax assets:
Net operating loss carryforwards	$	389		$	395
Compensation	118			113
Reserves	18			39
Capital lease obligations	75			78
Deferred income	258			210
Other	42			52
Total gross deferred tax assets	900			887
Less: valuation allowance	(399		)	(408		)
Deferred tax assets	501			479
Deferred tax liabilities:
Brands	(1,123		)	(1,122		)
Amortizing intangible assets	(157		)	(177		)
Investment in foreign subsidiaries	(29		)	—
Deferred tax liabilities	(1,309		)	(1,299		)
Net deferred taxes	$	(808	)	$	(820	)

Summary of Unrecognized Tax Benefits

Reconciliations of the beginning and ending amounts of unrecognized tax benefits were as follows:

	Year Ended December 31,
	2018			2017			2016
	(in millions)
Balance at beginning of year	$	283		$	174		$	315
Additions for tax positions related to prior years	37			3			77
Additions for tax positions related to the current year	16			126			9
Reductions for tax positions related to prior years	(15		)	(10		)	(204		)
Settlements	—			(9		)	(21		)
Lapse of statute of limitations	(3		)	(2		)	(2		)
Currency translation adjustment	—			1			—
Balance at end of year	$	318		$	283		$	174