Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

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

Components of Income Taxes

	2021		2022		2023
Income before income taxes (in millions)
United States	$	3,736	$	1,532	$	797
Non-United States	995		905		525
Total	$	4,731	$	2,437	$	1,322

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

	2021		2022		2023
Current
Federal	$	47	$	81	$	190
Non-United States	21		31		361
State and local	(5)		12		10
Total current	63		124		561
Deferred
Federal	(16)		(17)		65
Non-United States	163		341		(627)
State and local	—		—		(1)
Total deferred	147		324		(563)
Total	$	210	$	448	$	(2)

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

	2021		2022		2023
United States statutory tax rate	21.0	%	21.0	%	21.0	%
United States Disregarded Entities (ASU 2019-12)	(15.2)		(8.9)		4.8
Dispositions and restructurings (a)	—		—		(25.9)
Non-United States tax rate differential	1.1		0.7		(0.9)
Nontaxable foreign currency gains and losses	—		4.5		(1.5)
State and local income taxes	(0.1)		0.4		0.5
Prior year settlements and claims	(1.7)		0.8		(0.8)
Other	(0.7)		(0.1)		2.6
Effective tax rate	4.4	%	18.4	%	(0.2)	%

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):

	2022		2023
Deferred tax assets
Net operating loss carryforwards	$	216	$	490
Provision for/(Benefit from) credit losses	45		139
Other foreign	113		73
Employee benefit plans	16		14
Other	12		54
Total gross deferred tax assets	402		770
Less: Valuation allowances	(54)		(42)
Total net deferred tax assets	348		728
Deferred tax liabilities
Leasing transactions	668		359
Other foreign	441		510
Other	2		6
Total deferred tax liabilities	1,111		875
Net deferred tax liability	$	763	$	147

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

	2022		2023
Beginning balance	$	59	$	58
Increase - tax positions in prior periods	2		24
Increase - tax positions in current period	—		—
Decrease - tax positions in prior periods	(1)		(15)
Settlements	—		(2)
Lapse of statute of limitations	(1)		(1)
Foreign currency translation adjustments	(1)		5
Ending balance	$	58	$	69