Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Provision or benefit for income taxes

The provision or benefit for income taxes is comprised of the following for the years ended December 31:

	2019			2018			2017
Current:
U.S.	$	(18	)	$	55		$	(75	)
Foreign	443			445			453
Total current	425			500			378
Deferred:
U.S.	(12		)	(60		)	(49		)
Foreign	63			(38		)	(183		)
Total deferred	51			(98		)	(232		)
Provision for income taxes	$	476		$	402		$	146

Geographic sources of income before income taxes

The geographic sources of income (loss) before income taxes, inclusive of equity in loss of affiliate are as follows for the years ended December 31:

	2019			2018			2017
U.S.	$	(693	)	$	(672	)	$	(1,189	)
Foreign	1,446			1,213			843
Income (loss) before income taxes, inclusive of equity in loss of affiliate	$	753		$	541		$	(346	)

Difference between provision and U.S. statutory tax rate

The provision for income taxes differs from the amount computed by applying the U.S. statutory income tax rate to the loss or income before income taxes for the reasons set forth below for the years ended December 31:

	2019			2018			2017
Income (loss) before income taxes, inclusive of equity in loss of affiliate	$	753		$	541		$	(346	)
Taxes at the U.S. federal statutory income tax rate	158			114			(121		)
Effect of foreign operations	85			103			(23		)
Tax impact of partnership structure	124			109			275
Change in valuation allowances	135			59			69
Tax Cuts and Jobs Act enactment	—			25			(32		)
Other - net	(26		)	(8		)	(22		)
Provision for income taxes	$	476		$	402		$	146
Actual income tax rate	63.2		%	74.3		%	(42.2		)%

Deferred tax assets and liabilities

The tax effects of our temporary differences and carryforwards are as follows at December 31:

	2019			2018
Deferred tax assets:
Receivables	$	79		$	117
Inventory	91			79
Property	137			191
Goodwill and other intangibles	117			132
Employee benefits	98			97
Other accrued expenses	47			74
Operating loss carryforwards	1,591			1,500
Tax credit carryforwards	398			173
Other	270			233
Total deferred income tax asset	2,828			2,596
Valuation allowances	(1,835		)	(1,591		)
Total deferred income tax asset after valuation allowance	993			1,005
Deferred tax liabilities:
Undistributed earnings of foreign subsidiaries	—			(9		)
Other	(29		)	(18		)
Total deferred income tax liability	(29		)	(27		)
Net deferred tax asset	$	964		$	978

Rollforward of unrecognized tax benefits and associated interest and penalties

The following table presents the changes in our gross unrecognized tax benefits included in the consolidated and combined statements of financial position.

Asset / (Liability)	2019			2018
Balance at beginning of year	$	(472	)	$	(395	)
Balance acquired from BHI	—			(142		)
Additions for tax positions of the current year	(25		)	(21		)
Additions for tax positions of prior years	(27		)	(95		)
Reductions for tax positions of prior years	55			101
Settlements with tax authorities	6			35
Lapse of statute of limitations	12			45
Balance at end of year	$	(451	)	$	(472	)