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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Provision for Income Taxes

Our income before (benefit from) provision for income taxes for the years ended December 31, 2023, 2022 and 2021 was as follows (in millions):

			Year Ended December 31,
			2023						2022						2021
Domestic			$	3,196					$	5,524					$	(130)
Noncontrolling interest and redeemable noncontrolling interest			(23)						31						125
Foreign			6,800						8,164						6,348
Income before income taxes			$	9,973					$	13,719					$	6,343

Components of Provision for Income Taxes

The components of the (benefit from) provision for income taxes for the years ended December 31, 2023, 2022 and 2021 consisted of the following (in millions):

			Year Ended December 31,
			2023						2022						2021
Current:
Federal			$	48					$	—					$	—
State			57						62						9
Foreign			1,243						1,266						839
Total current			1,348						1,328						848
Deferred:
Federal			(5,246)						26						—
State			(653)						1						—
Foreign			(450)						(223)						(149)
Total deferred			(6,349)						(196)						(149)
Total (Benefit from) provision for income taxes			$	(5,001)					$	1,132					$	699

Schedule of Reconciliation of Taxes at Federal Statutory Rate to Provision for Income Taxes

The reconciliation of taxes at the federal statutory rate to our (benefit from) provision for income taxes for the years ended December 31, 2023, 2022 and 2021 was as follows (in millions):

			Year Ended December 31,
			2023						2022						2021
Tax at statutory federal rate			$	2,094					$	2,881					$	1,332
State tax, net of federal benefit			(372)						51						6
Nondeductible executive compensation			23						14						201
Excess tax benefits related to stock-based compensation			(288)						(745)						(7,123)
Nontaxable manufacturing credit			(101)						—						—
Foreign income rate differential			(816)						(923)						(668)
U.S. tax credits			(593)						(276)						(328)
GILTI inclusion			670						1,279						1,008
Unrecognized tax benefits			183						252						28
Change in valuation allowance			(5,962)						(1,532)						6,165
Other			161						131						78
(Benefit from) provision for income taxes			$	(5,001)					$	1,132					$	699

Schedule of Deferred Tax Assets (Liabilities)

Deferred tax assets (liabilities) as of December 31, 2023 and 2022 consisted of the following (in millions):

			December 31, 2023						December 31, 2022
Deferred tax assets:
Net operating loss carry-forwards			$	2,826					$	4,486
Research and development credits			1,358						1,184
Other tax credits and attributes			827						217
Deferred revenue			1,035						751
Inventory and warranty reserves			1,258						819
Stock-based compensation			230						185
Operating lease right-of-use liabilities			930						554
Capitalized research and development costs			1,344						693
Deferred GILTI tax assets			760						466
Accruals and others			206						178
Total deferred tax assets			10,774						9,533
Valuation allowance			(892)						(7,349)
Deferred tax assets, net of valuation allowance			9,882						2,184
Deferred tax liabilities:
Depreciation and amortization			(2,122)						(1,178)
Investment in certain financing funds			(133)						(238)
Operating lease right-of-use assets			(859)						(506)
Other			(116)						(15)
Total deferred tax liabilities			(3,230)						(1,937)
Deferred tax assets (liabilities), net of valuation allowance			$	6,652					$	247

Schedule of Changes to Gross Unrecognized Tax Benefits

The changes to our gross unrecognized tax benefits were as follows (in millions):

December 31, 2020			$	380
Increases in balances related to prior year tax positions			117
Decreases in balances related to prior year tax positions			(90)
Increases in balances related to current year tax positions			124
December 31, 2021			531
Increases in balances related to prior year tax positions			136
Decreases in balances related to prior year tax positions			(12)
Increases in balances related to current year tax positions			222
Decreases in balances related to expiration of the statute of limitations			(7)
December 31, 2022			870
Increases in balances related to prior year tax positions			59
Decreases related to settlement with tax authorities			(6)
Increases in balances related to current year tax positions			255
Decreases in balances related to expiration of the statute of limitations			(4)
December 31, 2023			$	1,174

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination.

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