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Note 15 - Reportable Segments - Reconciliation of Reportable Segment Net Income (Loss) to Consolidated Net Income (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net income of reportable segments $ (117) $ 164 $ 196 $ 621
Translated earnings contract (loss) gain, net (Note 12) (157) 20 (91) 128
Research, development, and engineering expenses (1) (294) (270) (814) (787)
Amortization of intangibles (31) (30) (91) (92)
Interest expense, net (83) (82) (250) (239)
Provision for income taxes (Note 4) (3) (35) (124) (178)
Severance charges [1] (43) (13) (46) (91)
Other corporate items 166 (33) 59 (128)
Operating Segments [Member]        
Net income of reportable segments 610 509 1,618 1,499
Impact of constant-currency reporting (1) [2] (342) (286) (978) (714)
Research, development, and engineering expenses (1) [3] (248) (222) (686) (640)
Provision for income taxes (Note 4) [4] 167 140 444 412
Operating Segments [Member] | Reportable Segments [Member]        
Net income of reportable segments 622 517 1,663 1,465
Operating Segments [Member] | Nonreportable Segments [Member]        
Net income of reportable segments (12) (8) (45) 34
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]        
Net income of reportable segments (117) 164 196 621
Impact of constant-currency reporting (1) (258) (212) (751) (535)
Translated earnings contract (loss) gain, net (Note 12) (157) 20 (91) 128
Translation (loss) gain on Japanese yen-denominated debt (107) 35 28 162
Litigation, regulatory and other legal matters (16) (32) (11) (44)
Research, development, and engineering expenses (1) [5] (39) (40) (121) (127)
Amortization of intangibles (31) (30) (91) (92)
Interest expense, net (63) (62) (189) (179)
Provision for income taxes (Note 4) 164 105 320 234
Severance charges (43) (13) (46) (91)
Capacity optimization and other charges and credits (2) [6] (91) (59) (217) (184)
Other corporate items $ (86) $ (57) $ (253) $ (150)
[1] For the three and nine months ended September 30, 2024, amounts primarily relate to asset write-offs and severance charges associated with the closure of a display technologies manufacturing plant. Should the entity be substantially liquidated, the Company expects to recognize approximately $50 million of non-cash cumulative foreign currency translation losses in other (loss) income, net in the consolidated statements of (loss) income.
[2] This amount primarily represents the impact of foreign currency adjustments in the Display Technologies segment.
[3] Research, development and engineering expenses include direct project spending that is identifiable to a segment.
[4] Income tax (provision) benefit reflects a tax rate of 21%.
[5] Amount does not include research, development and engineering expense related to severance charges.
[6] Amount includes charges associated with impairment losses, asset write-offs, accelerated depreciation, disposal costs and inventory write-downs. Refer to Note 2 (Restructuring, Impairment and Other Charges and Credits) for additional information.