First quarter ended March 31,

2024

2023

Loss before income taxes

$

(325

)

$

(180

)

Estimated annualized effective tax rate

(8.9

)

%

141.4

%

Income tax expense (benefit)

$

29

$

(255

)

(Favorable) unfavorable tax impact related to losses in jurisdictions with no tax benefit

(47

)

305

Discrete tax expense

—

2

(Benefit from) provision for income taxes

$

(18

)

$

52