Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

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

The provision for income taxes for the years ended December 31 consists of the following:



	2019			2018			2017
Current:
Federal	$	3,887		$	(12,345	)	$	119,298
State	(69		)	20,141			(6,156		)
International	134,808			178,767			134,987
	$	138,626		$	186,563		$	248,129
Deferred:
Federal	$	(54,356	)	$	19,207		$	31,167
State	(2,710		)	312			13,535
International	6,778			(18,283		)	(6,290		)
	(50,288		)	1,236			38,412
	$	88,338		$	187,799		$	286,541

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

The principal causes of the difference between the U.S. federal statutory tax rate of 21% and effective income tax rates for the years ended December 31 are as follows:



	2019			2018			2017
United States	$	(557,592	)	$	186,677		$	115,664
International	445,762			722,696			578,253
Income (loss) before income taxes	$	(111,830	)	$	909,373		$	693,917

Provision (benefit) at statutory tax rate	$	(23,484	)	$	190,968		$	242,415
State taxes, net of federal benefit	(2,051		)	18,888			5,184
International effective tax rate differential	17,474			7,480			(88,444		)
U.S. tax (benefit) on foreign earnings	26,013			—			—
Deductible loss on wind down of business (c)	(11,311		)	—			—
Capital loss	—			60,757			—
Change in valuation allowance	1,305			(66,557		)	1,408
Other non-deductible expenses	1,585			14,128			12,700
Changes in tax accruals	10,418			(3,968		)	(7,973		)
Tax credits	(3,034		)	(7,884		)	(8,170		)
Non-deductible portion of impairment of goodwill	75,900			—			—
Tax Act's transition tax (a)	—			(28,323		)	196,010
Tax Act's impact on deferred taxes (b)	—			—			(71,261		)
Other	(4,477		)	2,310			4,672
Provision for income taxes	$	88,338		$	187,799		$	286,541

(a)

For the year ended December 31, 2017, the company accrued a provisional estimate of $196,010 of tax expense for the Tax Act's one-time transition tax on the foreign subsidiaries' accumulated, unremitted earnings in accordance with U.S. Securities and Exchange Commission's Staff Accounting Bulletin (“SAB 118”). Additionally, during the fourth quarter of 2018 the company recorded a $28,323 benefit upon finalizing its analysis of the impact from the Tax Act.


(b)	For the year ended December 31, 2017, the company accrued $71,261 in provisional tax benefit related to the net change in deferred tax liabilities stemming from the Tax Act's reduction of the U.S. federal tax rate from 35% to 21%, and disallowance of certain incentive based compensation tax deductibility under Internal Revenue Code Section 162(m).


(c)	The wind of down of the company’s personal computer and mobility asset disposition business resulted in the net tax benefit of $11,311 for the year ended December 31, 2019.

Reconciliation of Unrecognized Tax Benefits [Table Text Block]

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 is as follows:



	2019			2018			2017
Balance at beginning of year	$	35,879		$	24,361		$	31,534
Additions based on tax positions taken during a prior period	13,018			583			2,342
Reductions based on tax positions taken during a prior period	(86		)	(1,248		)	(1,242		)
Additions related to positions taken upon finalization of Tax Act during the current period	—			16,506			—
Additions based on tax positions taken during the current period	8,926			3,133			6,543
Reductions based on tax positions taken during the current period	(259		)	(233		)	—
Reductions related to settlement of tax matters	—			(136		)	(2,921		)
Reductions related to a lapse of applicable statute of limitations	(4,492		)	(7,087		)	(11,895		)
Balance at end of year	$	52,986		$	35,879		$	24,361

Summary of Open Tax Years by Major Jurisdiction [Table Text Block]

In many cases the company's uncertain tax positions are related to tax years that remain subject to examination by tax authorities. The following describes the open tax years, by major tax jurisdiction, as of December 31, 2019:



United States - Federal		2016 - present
United States - States		2013 - present
Germany (d)		2013 - present
Hong Kong		2013 - present
Italy (d)		2013 - present
Sweden		2014 - present
United Kingdom		2018 - present

(d) Includes federal as well as local jurisdictions.

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

The deferred tax assets and liabilities consist of the following at December 31:



	2019			2018
Deferred tax assets:
Net operating loss carryforwards	$	96,605		$	129,641
Capital loss carryforwards	57,031			60,606
Inventory adjustments	54,500			52,094
Allowance for doubtful accounts	12,797			17,016
Accrued expenses	27,998			27,088
Interest carryforward	13,059			5,008
Stock-based compensation awards	11,006			12,824
Other comprehensive income items	984			—
Integration and restructuring	788			2,547
Lease liability	74,935			—
Intangible assets	4,266			—
Other	13,913			—
	367,882			306,824
Valuation allowance	(81,037		)	(80,471		)
Total deferred tax assets	$	286,845		$	226,353

Deferred tax liabilities:
Goodwill	$	(109,131	)	$	(121,346	)
Depreciation	(115,459		)	(131,848		)
Intangible assets	—			(18,754		)
Lease right-of-use assets	(69,491		)	—
Other comprehensive income items	—			(8,301		)
Other	—			(6,634		)
Total deferred tax liabilities	$	(294,081	)	$	(286,883	)
Total net deferred tax assets (liabilities)	$	(7,236	)	$	(60,530	)