XML 33 R57.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes - Income Tax Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Effective Income Tax Rate Reconciliation, Amount [Abstract]                      
Income taxes at U.S. statutory rate of 21% for 2019 and 2018 (35% for 2017)                 $ 266 $ 251 $ 372
Impact of transactions                 124 (1) 4
Reserve adjustments, settlements and claims                 46 32 8
Foreign rate differentials                 35 28 (100)
Net tax on remittance of foreign earnings                 22 (22) 80
U.S. tax on non-U.S. earnings                 15 37 171
Other foreign taxes                 10 8 8
State taxes, net of federal benefit                 3 6 2
Non-deductible transaction costs                 3 3 11
Impact of foreign derived intangible income                 1 15 0
Valuation allowance adjustments         $ (9)       (2) (11) 12
Affiliates' earnings                 (7) (10) (18)
Changes in accounting methods and filing positions                 (7) (30) (2)
Tax credits                 (17) (26) (24)
Changes in accounting methods and filing positions                 (26) (28) (31)
Revaluation of U.S. deferred taxes                 0 (4) 64
Other                 4 (7) 23
Provision for income taxes $ 238 $ 66 $ 73 $ 91 19 $ 67 $ 30 $ 95 468 $ 211 $ 580
Tax expense resulting from finalization of one-time transition tax                 22    
Tax expense on net remittance of foreign earnings                 22    
Effective Income Tax Rate Reconciliation, Deduction, Other Postretirement Expense, Amount     6           6    
U.S. Federal Corporate Tax Rate prior to the Tax Cuts and Jobs Act                     35.00%
U.S. Federal Corporate Tax Rate After the Tax Cuts and Jobs Act                   21.00%  
Effective tax rate reconciliation, GILTI                   $ 29  
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability                     $ 105
Income tax expense, revaluation of deferred tax assets and liabilities due to change of tax law                     75
Income tax expense related to executive compensation due to change of tax law                     11
Increase of deferred tax liabilities, future remittance of foreign earnings, due to the Act                     94
Tax benefit associated with restructuring 8 4 4 3 6 1 8 1 19 15 10
Tax benefit associated with merger and acquisition expense                     (1)
Tax expenses (benefits) associated with asbestos-related adjustments         (6)         (6)  
Tax benefit associated with asset impairment expense         (8)         (8) (18)
Tax expense on gain from customer contract expiration               $ 1   1  
Effective Income Tax Rate Reconciliation, Disposition of Asset, Amount         6         6  
Effective rate reconciliation measurement period adjustments due to the Tax Act         7 (7) (13)     (13)  
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount           (1) (21)     (22)  
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount                   (9)  
Effective income tax rate reconciliation, tax reserve adjustments         (3)         (3)  
Tax impact of other tax adjustments (5) $ (9) $ (1) $ (5) $ (19) $ (2) $ (10)     $ (30) $ (4)
Effective Income Tax Rate Reconciliation, Global Realignment Plan $ 11                    
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount                 $ 8