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Taxes on Income (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Reconciliation Between Effective Tax Rate and U.S. Statutory Rate | A reconciliation between the effective tax rate and the U.S. statutory rate is as follows:
| 2017 |  | 2016 |  | 2015
| Amount |  | Tax Rate |  | Amount |  | Tax Rate |  | Amount |  | Tax Rate
U.S. statutory rate applied to income before taxes | $ | 2,282 |  |  | 35.0 | % |  | $ | 1,631 |  |  | 35.0 | % |  | $ | 1,890 |  |  | 35.0 | %
Differential arising from: |  |  |  |  |  |  |  |  |  |  |
Provisional impact of the TCJA | 2,625 |  |  | 40.3 |  |  | — |  |  | — |  |  | — |  |  | — |
Impact of purchase accounting adjustments, including amortization | 713 |  |  | 10.9 |  |  | 623 |  |  | 13.4 |  |  | 797 |  |  | 14.8 |
Valuation allowances | 632 |  |  | 9.7 |  |  | (5 | ) |  | (0.1 | ) |  | 39 |  |  | 0.7 |
Restructuring | 142 |  |  | 2.2 |  |  | 145 |  |  | 3.1 |  |  | 167 |  |  | 3.1 |
State taxes | 77 |  |  | 1.2 |  |  | 173 |  |  | 3.7 |  |  | 159 |  |  | 2.9 |
U.S. health care reform legislation | 74 |  |  | 1.1 |  |  | 68 |  |  | 1.4 |  |  | 66 |  |  | 1.2 |
Foreign currency devaluation related to Venezuela | — |  |  | — |  |  | — |  |  | — |  |  | 321 |  |  | 5.9 |
Foreign earnings | (1,725 | ) |  | (26.5 | ) |  | (1,646 | ) |  | (35.3 | ) |  | (2,144 | ) |  | (39.7 | )
Tax settlements | (356 | ) |  | (5.5 | ) |  | — |  |  | — |  |  | (417 | ) |  | (7.7 | )
Unremitted foreign earnings | — |  |  | — |  |  | (30 | ) |  | (0.6 | ) |  | 260 |  |  | 4.8 |
Other (1) | (361 | ) |  | (5.5 | ) |  | (241 | ) |  | (5.2 | ) |  | (196 | ) |  | (3.6 | )
| $ | 4,103 |  |  | 62.9 | % |  | $ | 718 |  |  | 15.4 | % |  | $ | 942 |  |  | 17.4 | %
(1) | Other includes the tax effect of contingency reserves, research credits, losses on foreign subsidiaries and miscellaneous items.
Income Before Taxes | Income before taxes consisted of:
Years Ended December 31 | 2017 |  | 2016 |  | 2015
Domestic | $ | 3,483 |  |  | $ | 518 |  |  | $ | 2,247 |
Foreign | 3,038 |  |  | 4,141 |  |  | 3,154 |
| $ | 6,521 |  |  | $ | 4,659 |  |  | $ | 5,401 |
Taxes on Income | Taxes on income consisted of:
Years Ended December 31 | 2017 |  | 2016 |  | 2015
Current provision |  |  |  |  |
Federal | $ | 5,585 |  |  | $ | 1,166 |  |  | $ | 732 |
Foreign | 1,229 |  |  | 916 |  |  | 844 |
State | (90 | ) |  | 157 |  |  | 130 |
| 6,724 |  |  | 2,239 |  |  | 1,706 |
Deferred provision |  |  |  |  |
Federal | (2,958 | ) |  | (1,255 | ) |  | (552 | )
Foreign | 75 |  |  | (225 | ) |  | (163 | )
State | 262 |  |  | (41 | ) |  | (49 | )
| (2,621 | ) |  | (1,521 | ) |  | (764 | )
| $ | 4,103 |  |  | $ | 718 |  |  | $ | 942 |
Deferred Income Taxes | Deferred income taxes at December 31 consisted of:
| 2017 |  | 2016
| Assets |  | Liabilities |  | Assets |  | Liabilities
Intangibles | $ | 307 |  |  | $ | 2,435 |  |  | $ | 86 |  |  | $ | 3,854 |
Inventory related | 29 |  |  | 499 |  |  | 30 |  |  | 660 |
Accelerated depreciation | 28 |  |  | 642 |  |  | 28 |  |  | 927 |
Unremitted foreign earnings | — |  |  | 33 |  |  | — |  |  | 2,044 |
Pensions and other postretirement benefits | 498 |  |  | 192 |  |  | 727 |  |  | 109 |
Compensation related | 314 |  |  | — |  |  | 438 |  |  | — |
Unrecognized tax benefits | 156 |  |  | — |  |  | 383 |  |  | — |
Net operating losses and other tax credit carryforwards | 654 |  |  | — |  |  | 437 |  |  | — |
Other | 1,088 |  |  | 19 |  |  | 1,248 |  |  | 46 |
Subtotal | 3,074 |  |  | 3,820 |  |  | 3,377 |  |  | 7,640 |
Valuation allowance | (900 | ) |  |  |  | (268 | ) |  |
Total deferred taxes | $ | 2,174 |  |  | $ | 3,820 |  |  | $ | 3,109 |  |  | $ | 7,640 |
Net deferred income taxes |  |  | $ | 1,646 |  |  |  |  | $ | 4,531 |
Recognized as: |  |  |  |  |  |  |
Other assets | $ | 573 |  |  |  |  | $ | 546 |  |  |
Deferred income taxes |  |  | $ | 2,219 |  |  |  |  | $ | 5,077 |
Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| 2017 |  | 2016 |  | 2015
Balance January 1 | $ | 3,494 |  |  | $ | 3,448 |  |  | $ | 3,534 |
Additions related to current year positions | 146 |  |  | 196 |  |  | 198 |
Additions related to prior year positions | 520 |  |  | 75 |  |  | 53 |
Reductions for tax positions of prior years (1) | (1,038 | ) |  | (90 | ) |  | (59 | )
Settlements (1) | (1,388 | ) |  | (92 | ) |  | (184 | )
Lapse of statute of limitations | (11 | ) |  | (43 | ) |  | (94 | )
Balance December 31 | $ | 1,723 |  |  | $ | 3,494 |  |  | $ | 3,448 |
(1) | Amounts reflect the settlements with the IRS as discussed below.

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