Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

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

Components of Income Taxes

	2019		2020		2021
Income before income taxes (in millions)
United States	$	2,160	$	2,085	$	3,736
Non-United States	838		523		995
Total	$	2,998	$	2,608	$	4,731

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

	2019		2020		2021
Current
Federal	$	107	$	94	$	47
Non-United States	165		98		21
State and local	17		17		(5)
Total current	289		209		63
Deferred
Federal	—		—		(16)
Non-United States	89		61		163
State and local	—		—		—
Total deferred	89		61		147
Provision for/(Benefit from) income taxes	$	378	$	270	$	210

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

	2019		2020		2021
United States statutory tax rate	21.0	%	21.0	%	21.0	%
Effect of (in percentage points):
United States Disregarded Entities (ASU 2019-12)	(11.4)		(13.5)		(15.2)
Non-United States tax rates under United States rate	1.3		1.1		1.1
State and local income taxes	0.6		0.6		(0.1)
Prior year settlements and claims	0.9		—		(1.7)
Other	0.2		1.2		(0.7)
Effective tax rate	12.6	%	10.4	%	4.4	%

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

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

	2020		2021
Deferred tax assets
Net operating loss carryforwards	$	282	$	293
Provision for/(Benefit from) credit losses	65		58
Other foreign	218		199
Employee benefit plans	22		20
Other	1		42
Total gross deferred tax assets	588		612
Less: Valuation allowance	(65)		(65)
Total net deferred tax assets	523		547
Deferred tax liabilities
Leasing transactions	451		597
Other foreign	405		428
Other	5		8
Total deferred tax liabilities	861		1,033
Net deferred tax liability	$	338	$	486

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

	2020		2021
Beginning balance	$	70	$	70
Increase - tax positions in prior periods	17		17
Increase - tax positions in current period	2		1
Decrease - tax positions in prior periods	(20)		(17)
Settlements	—		—
Lapse of statute of limitations	—		(7)
Foreign currency translation adjustments	1		(5)
Ending balance	$	70	$	59