XML 84 R71.htm IDEA: XBRL DOCUMENT v3.25.1
INCOME TAXES - Reconciliation to US Statutory Rate (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
Statutory U.S. federal income tax rate 21.00% 21.00% 21.00%
Equity earning effect (0.40%) (1.20%) 0.20%
Foreign income taxed at rates other than the statutory U.S. federal income tax rate 2.80% 4.90% (3.90%)
U.S. tax effect of foreign earnings and dividends 4.60% 13.00% 5.00%
Unrecognized tax benefits (0.10%) (0.10%) 1.00%
Acquisitions, divestitures and ownership restructuring activities 9.00% (64.40%) 2.50%
Exchange gains/losses 1.50% (1.10%) 0.40%
State and local income taxes (0.60%) (2.80%) 0.20%
Change in valuation allowance 0.50% 0.00% 0.00%
Goodwill impairments 0.00% 33.50% 0.00%
Stock-based compensation 0.20% (1.00%) (0.20%)
Foreign-derived intangible income (FDII) (1.90%) (6.00%) (2.00%)
Other - net (1.90%) (1.60%) 2.50%
Effective tax rate 34.70% (5.80%) 26.70%
Tax expense (benefit) related to internal entity restructuring $ 103 $ (324)