Note 16 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2024			2023			2022
Current
U.S. federal and state	$	16		$	38		$	19
Non-U.S.		152			187			112
Total current		168			225			131
Deferred
U.S. federal and state		(37	)		(94	)		160
Non-U.S.		8			(10	)		(7	)
Total deferred		(29	)		(104	)		153
Total expense	$	139		$	121		$	284

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	2024			2023			2022
U.S. operations	$	(312	)	$	(246	)	$	(343	)
Non-U.S. operations		392			424			312
Earnings (loss) before income taxes	$	80		$	178		$	(31	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2024				2023						2022
	$		%		$			%			$			%
U.S. federal income tax rate		16		21		37			21			(7	)		21
Adjustments resulting from:
State and local income taxes, net of federal benefit		1		1		(5	)		(3	)		(6	)		19
Non-U.S. income / expense		16		20		35			20			(2	)		7
Credits and tax incentives		13		16		9			5			(27	)		87
U.S. tax and withholding tax on non-US earnings		41		51		41			23			42			(135	)
Intercompany sale of certain operating assets						(54	)		(30	)		(1	)		3
Settlement and return adjustments		4		5		23			13			(7	)		23
Enacted change in tax rates		3		4								(4	)		13
Goodwill impairment												47			(151	)
Miscellaneous items		3		3		7			4			(6	)		19
Valuation allowance adjustments		42		53		28			15			255			(822	)
Effective income tax rate		139		174		121			68			284			(916	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2024			2023
Net operating loss carryforwards	$	272		$	218
Postretirement benefits, including pensions		53			65
Research and development costs		269			238
Expense accruals		104			65
Other tax credits recoverable		209			217
Capital loss carryforwards		43			53
Inventory reserves		44			37
Postemployment and other benefits		4			5
Intangibles		50			56
Leasing activities		86			77
Other		110			75
Total		1,244			1,106
Valuation allowances		(667	)		(550	)
Deferred tax assets		577			556
Unremitted earnings		(35	)		(16	)
Depreciation		(36	)		(58	)
Deferred tax liabilities		(71	)		(74	)
Net deferred tax assets	$	506		$	482

Summary of Operating Loss Carryforwards [Table Text Block]

	Deferred						Earliest
	Tax		Valuation			Carryforward	Year of
	Asset		Allowance			Period	Expiration
Net operating losses
U.S. state	$	51	$	(51	)	Various	2025
Brazil		10		(4	)	Unlimited
France		5		(5	)	Unlimited
Australia		14				Unlimited
Italy		19		(19	)	Unlimited
Germany		4		(4	)	Unlimited
Sweden		8		(8	)	Unlimited
South Africa		7		(7	)	Unlimited
U.K.		21		(21	)	Unlimited
Luxembourg		68		(68	)	Various	2035
Canada		64		(58	)	20	2027
China		1		(1	)	5	2026
Total	$	272	$	(246	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2024			2023			2022
Balance, beginning of period	$	112		$	102		$	126
Decrease related to expiration of statute of limitations		(7	)		(8	)		(6	)
Decrease related to prior years tax positions		(6	)		(5	)		(43	)
Decrease related to settlements		(4	)
Increase related to prior years tax positions		4			5			7
Increase related to current year tax positions		13			18			18
Balance, end of period	$	112		$	112		$	102