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INCOME TAXES - Reconciliation of U.S. Federal Statutory Income Tax Rate to Actual Income Tax Rate (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Amount      
U.S. federal statutory income tax rate $ 2,140 $ (168) $ (1,196)
Tax on global activities including exports 462 300 154
U.S. general business credits (273) (233) (175)
Debt tender and related valuation allowances 0 30 940
Deductible stock and restructuring losses 0 0 (583)
Retained and sold ownership interests (1,215) 3 45
All other – net 48 65 58
Total income tax reconciliation items (978) 165 439
Total $ 1,162 $ (3) $ (757)
Rate      
U.S. federal statutory income tax rate 21.00% 21.00% 21.00%
Tax on global activities including exports 4.50% (37.60%) (2.70%)
U.S. general business credits (2.70%) 29.10% 3.10%
Debt tender and related valuation allowances 0.00% (3.80%) (16.50%)
Deductible stock and restructuring losses 0.00% 0.00% 10.20%
Retained and sold ownership interests (11.90%) (0.40%) (0.80%)
All other – net 0.50% (7.90%) (1.00%)
Total income tax reconciliation items (9.60%) (20.60%) (7.70%)
Actual income tax rate 11.40% 0.40% 13.30%
Tax reconciliation related to separation income tax costs $ 9 $ 134  
Tax reconciliation related to repatriation of earnings 38 66  
Singapore      
Amount      
Tax on global activities including exports $ (136) $ (112) $ (83)