XML 90 R76.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Aug. 16, 2022
Jun. 30, 2021
Sep. 30, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Dec. 31, 2019
Income Taxes [Line Items]                
U.S. statutory rate       21.00% 21.00% 21.00%    
Income tax (benefit) expense       $ 190 $ (267) $ 110    
Other       15 9 (1)    
Income (loss) before income taxes       399 513 (1,140)    
Net discrete tax adjustments       23 409 305    
Discrete adjustments, net charge           10    
Valuation allowance       1,072 1,044      
Deferred tax impact of enacted tax rate and law changes       (6) (61) (18)    
Discrete adjustments, other   $ 1 $ 8 2        
Net deferred tax assets       1,998 2,288      
Deferred tax asset, tax credit carryforwards, foreign       230 340      
Deferred tax assets       3,070 3,332      
Federal tax charges       0 1 (5)    
Tax loss carryforwards       1,160 1,274      
Operating loss carryforwards, domestic       348        
Operating loss carryforwards, state and local       66        
Tax credit carryforwards, research       121        
Unrecognized tax benefits       87 90 85   $ 82
Unrecognized tax benefits that would impact effective tax rate       56        
Income tax penalties and interest accrued       1        
Unsettled unrecognized tax benefits that would require cash       14        
Undistributed earnings of foreign subsidiaries       2,700        
Amount of unrecognized deferred tax liability, undistributed earnings of foreign subsidiaries       100        
Income tax cash payments, net       174 201 45    
Corporate alternative minimum tax 15.00%              
Foreign Tax Authority                
Income Taxes [Line Items]                
Tax credit carryforward, valuation allowance         340   $ 295  
Valuation allowance       1,000 1,000      
Net establishment (release) of foreign valuation allowances and write off of deferred taxes       24 (1) 0    
Net deferred tax assets       1,200 1,300      
Deferred tax asset, tax credit carryforwards, foreign       $ 227        
Tax credit carryforward expiration period       2030 to 2042        
Deferred tax assets, operating loss, capital loss, and tax credit carryforwards       $ 746        
Domestic Tax Authority                
Income Taxes [Line Items]                
Valuation allowance           15    
Deferred tax impact of enacted tax rate and law changes         21      
Net establishment (release) of foreign valuation allowances and write off of deferred taxes       $ (0) (340) $ 310    
Tax credit carryforward expiration period       2023 to 2032        
Domestic and State and Local Authority                
Income Taxes [Line Items]                
Valuation allowance       $ 26        
Net deferred tax assets       $ 1,100 1,200      
Net deferred tax assets, expiration period       2023 to 2032        
State and Local Authority                
Income Taxes [Line Items]                
Valuation allowance       $ 26        
Tax credit carryforward expiration period       2023 to 2042        
Operating loss carryforwards, state and local       $ 57        
England                
Income Taxes [Line Items]                
Deferred tax impact of enacted tax rate and law changes     $ 13   $ 39      
BRAZIL                
Income Taxes [Line Items]                
Tax benefit related to a favorable court ruling   $ 8            
Luxembourg | Foreign Tax Authority                
Income Taxes [Line Items]                
Valuation allowance       873        
Europe                
Income Taxes [Line Items]                
Valuation allowance       1,046        
Deferred tax assets, operating loss, capital loss, and tax credit carryforwards, subject to expiration       72        
UK                
Income Taxes [Line Items]                
Net establishment (release) of foreign valuation allowances and write off of deferred taxes       14        
Russia                
Income Taxes [Line Items]                
Net establishment (release) of foreign valuation allowances and write off of deferred taxes       11        
US                
Income Taxes [Line Items]                
Net deferred tax assets, unlimited lives       700        
Net deferred tax assets, limited lives       $ 400        
Tax credit carryforward expiration period       2023 and 2042