XML 114 R71.htm IDEA: XBRL DOCUMENT v3.25.0.1
INCOME TAXES (Reconciliation of U.S. federal statutory rate to effective tax rate) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Amount      
U.S. federal statutory tax rate $ (1,450) $ (1,261) $ (1,410)
Withholding and other impacts on foreign earnings (753) (615) (673)
Effect of foreign rates different than the U.S. federal statutory rate (373) (313) (314)
Percentage depletion 123 183 189
Foreign tax credit limitation (1,053) (289) (50)
Non-deductible permanent differences 41 68 29
Uncertain tax positions 5 (28) (17)
PT-FI historical tax disputes 185 0 (8)
Valuation allowance 898 119 65
State income taxes (52) 3 (41)
Other items, net (12) (1) 21
Provision for income taxes $ (2,523) $ (2,270) $ (2,267)
%      
U.S. federal statutory tax rate (21.00%) (21.00%) (21.00%)
Withholding and other impacts on foreign earnings (11.00%) (10.00%) (10.00%)
Effect of foreign rates different than the U.S. federal statutory rate (6.00%) (5.00%) (5.00%)
Percentage deplection 2.00% 3.00% 3.00%
Foreign tax credit limitation (15.00%) (5.00%) (1.00%)
Non-deductible permanent differences   (1.00%)  
Uncertain tax positions   (1.00%)  
PT-FI historical tax disputes 2.00% 0.00% 0.00%
Valuation allowance 13.00% 2.00% 0.00%
State income taxes (1.00%) 0.00% 0.00%
Other items, net 0.00% 0.00% 0.00%
Provision for income taxes (37.00%) (38.00%) (34.00%)
Tax refunds received from all jurisdictions $ 248 $ 1 $ 46