Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

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

Components of Income Taxes

	2020		2021		2022
Income before income taxes (in millions)
United States	$	2,085	$	3,736	$	1,532
Non-United States	523		995		905
Total	$	2,608	$	4,731	$	2,437

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

	2020		2021		2022
Current
Federal	$	94	$	47	$	81
Non-United States	98		21		31
State and local	17		(5)		12
Total current	209		63		124
Deferred
Federal	—		(16)		(17)
Non-United States	61		163		341
State and local	—		—		—
Total deferred	61		147		324
Provision for/(Benefit from) income taxes	$	270	$	210	$	448

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

	2020		2021		2022
United States statutory tax rate	21.0	%	21.0	%	21.0	%
United States Disregarded Entities (ASU 2019-12)	(13.5)		(15.2)		(8.9)
Non-United States tax rate differential	1.1		1.1		0.7
Nontaxable currency gains and losses	—		—		4.5
State and local income taxes	0.6		(0.1)		0.4
Prior year settlements and claims	—		(1.7)		0.8
Other	1.2		(0.7)		(0.1)
Effective tax rate	10.4	%	4.4	%	18.4	%

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):

	2021		2022
Deferred tax assets
Net operating loss carryforwards	$	293	$	216
Provision for/(Benefit from) credit losses	58		45
Other foreign	199		113
Employee benefit plans	20		16
Other	42		12
Total gross deferred tax assets	612		402
Less: Valuation allowance	(65)		(54)
Total net deferred tax assets	547		348
Deferred tax liabilities
Leasing transactions	597		668
Other foreign	428		441
Other	8		2
Total deferred tax liabilities	1,033		1,111
Net deferred tax liability	$	486	$	763

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

	2021		2022
Beginning balance	$	70	$	59
Increase - tax positions in prior periods	17		2
Increase - tax positions in current period	1		—
Decrease - tax positions in prior periods	(17)		(1)
Settlements	—		—
Lapse of statute of limitations	(7)		(1)
Foreign currency translation adjustments	(5)		(1)
Ending balance	$	59	$	58