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Note 6 - Income Taxes - Tax Effects of Temporary Differences and Carryforwards of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Loss and tax credit carryforwards $ 275 $ 281    
Other assets 245 232    
Research and development capitalization 362 280    
Asset impairments and restructuring reserves 43 41    
Postretirement medical and life benefits 103 102    
Other accrued liabilities 319 311    
Other employee benefits 344 346    
Gross deferred tax assets 1,691 1,593    
Valuation allowances (207) (166) $ (138) $ (167)
Total deferred tax assets 1,484 1,427    
Intangible and other assets (117) (108)    
Fixed assets (223) (289)    
Finance leases (209) (200)    
Total deferred tax liabilities (549) (597)    
Net deferred tax assets [1] $ 935 $ 830    
[1] The Company also has Luxembourg deferred tax asset net operating losses of up to $3.1 billion that have a remote possibility of realization and therefore, are not recognized in the deferred tax table above.