Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

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

The Provision for income taxes for the years ended December 31 was estimated as follows (in millions):



	2016			2017			2018
Current
Federal	$	(41	)	$	(6	)	$	72
Non-U.S.	222			241			153
State and local	(15		)	(9		)	(81		)
Total current	166			226			144
Deferred
Federal	284			(1,016		)	283
Non-U.S.	1			30			(125		)
State and local	55			63			101
Total deferred	340			(923		)	259
Provision for / (Benefit from) income taxes	$	506		$	(697	)	$	403

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

A reconciliation of the Provision for income taxes with the United States statutory tax rate as a percentage of Income before income taxes for the years ended December 31 is as follows:



	2016		2017		2018
U.S. statutory tax rate	35.0	%	35.0	%	21.0	%
Effect of (in percentage points):
Non-U.S. tax rates under U.S. rate	(3.8	)	(4.0	)	1.7
State and local income taxes	1.3		1.5		0.6
Dispositions and restructurings	—		—		(8.9	)
U.S. tax on non-U.S. earnings	(4.9	)	15.6		0.4
Enacted change in tax laws	—		(78.1	)	—
Other	(0.7	)	(0.2	)	0.5
Effective tax rate	26.9	%	(30.2	)%	15.3	%

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

The components of deferred tax assets and liabilities at December 31 were as follows (in millions):



	2017			2018
Deferred tax assets
Net operating loss carryforwards	$	1,310		$	339
Provision for credit losses	204			175
Other foreign	79			106
Employee benefit plans	33			28
Foreign tax credits	1,244			1,297
Other	51			50
Total gross deferred tax assets	2,921			1,995
Less: Valuation allowance	(68		)	(81		)
Total net deferred tax assets	2,853			1,914
Deferred tax liabilities
Leasing transactions	4,017			3,126
Finance receivables	523			639
Other foreign	391			524
Other	61			4
Total deferred tax liabilities	4,992			4,293
Net deferred tax liability	$	2,139		$	2,379

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

The changes in the unrecognized tax benefits for the years ended December 31 were as follows (in millions):



	2017			2018
Beginning balance	$	80		$	90
Increase - tax positions in prior periods	18			28
Increase - tax positions in current period	1			7
Decrease - tax positions in prior periods	(2		)	(6		)
Settlements	(7		)	(1		)
Lapse of statute of limitations	(7		)	—
Foreign currency translation adjustments	7			(3		)
Ending balance	$	90		$	115