XML 61 R35.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Reconciliation of U.S. Statutory Income Tax Rate to Company's Effective Income Tax Rate from Continuing Operations |
Effective Income Tax Rate Reconciliation
| 2022 |  | 2021 |  | 2020
United States federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
United States state and local income taxes, less federal deduction | 2.0 |  |  | 2.7 |  |  | 0.1 |
Foreign income tax at rates other than 21% | (4.1) |  |  | (6.9) |  |  | (3.3) |
Tax related to repatriation of foreign earnings | (2.4) |  |  | 1.4 |  |  | 3.0 |
Intellectual property transfers | 0.1 |  |  | (2.3) |  |  | (1.4) |
United States federal audit settlement | (6.1) |  |  | — |  |  | — |
Goodwill impairment | 1.7 |  |  | — |  |  | — |
Other | (0.1) |  |  | (3.3) |  |  | (1.2) |
Effective income tax rate | 12.1 | % |  | 12.6 | % |  | 18.2 | %
Schedule of Provision for Income Taxes |
Earnings Before Income Taxes
| 2022 |  | 2021 |  | 2020
United States | $ | 407 |  |  | $ | 433 |  |  | $ | 239 |
International | 2,276 |  |  | 1,848 |  |  | 1,715 |
Total | $ | 2,683 |  |  | $ | 2,281 |  |  | $ | 1,954 |
Components of Income Tax Expense (Benefit)
Current income tax expense (benefit): | 2022 |  | 2021 |  | 2020
United States federal | $ | (76) |  |  | $ | 155 |  |  | $ | 80 |
United States state and local | 64 |  |  | 97 |  |  | 20 |
International | 279 |  |  | 272 |  |  | 207 |
Total current income tax expense | $ | 267 |  |  | $ | 524 |  |  | $ | 307 |
Deferred income tax expense (benefit): |  |  |  |  |
United States federal | $ | (179) |  |  | $ | (82) |  |  | $ | 1 |
United States state and local | (30) |  |  | (23) |  |  | (25) |
International | 267 |  |  | (132) |  |  | 72 |
Total deferred income tax expense (benefit) | $ | 58 |  |  | $ | (237) |  |  | $ | 48 |
Total income tax expense | $ | 325 |  |  | $ | 287 |  |  | $ | 355 |
Schedule of Difference in Income Tax Effects Comprising Company's Deferred Income Tax Assets and Liabilities |
Deferred Income Tax Assets and Liabilities
Deferred income tax assets: | 2022 |  | 2021
Inventories | $ | 516 |  |  | $ | 513 |
Product-related liabilities | 26 |  |  | 39 |
Other accrued expenses | 155 |  |  | 501 |
Depreciation and amortization | 1,038 |  |  | 1,194 |
State income taxes | 153 |  |  | 128 |
Share-based compensation | 73 |  |  | 63 |
Research and development capitalization | 204 |  |  | — |
International interest expense carryforwards | 135 |  |  | — |
Net operating loss and other credit carryforwards | 247 |  |  | 232 |
Other | 165 |  |  | 191 |
Total deferred income tax assets | $ | 2,712 |  |  | $ | 2,861 |
Less valuation allowances | (285) |  |  | (164) |
Net deferred income tax assets | $ | 2,427 |  |  | $ | 2,697 |
Deferred income tax liabilities: |  |  |
Depreciation and amortization | $ | (1,037) |  |  | $ | (891) |
Undistributed earnings | (47) |  |  | (114) |
Total deferred income tax liabilities | $ | (1,084) |  |  | $ | (1,005) |
Net deferred income tax assets | $ | 1,343 |  |  | $ | 1,692 |
Reported as: |  |  |
Noncurrent deferred income tax assets | $ | 1,410 |  |  | $ | 1,760 |
Noncurrent liabilities—Other liabilities | (67) |  |  | (68) |
Total | $ | 1,343 |  |  | $ | 1,692 |
Schedule of Unresolved Income Tax Positions |
Uncertain Income Tax Positions
| 2022 |  | 2021
Beginning uncertain tax positions | $ | 444 |  |  | $ | 457 |
Increases related to current year income tax positions | 17 |  |  | 13 |
Increases related to prior year income tax positions | 34 |  |  | 4 |
Decreases related to prior year income tax positions | (178) |  |  | (18) |
Settlements of income tax audits | (13) |  |  | — |
Statute of limitations expirations and other | (6) |  |  | — |
Foreign currency translation | (12) |  |  | (12) |
Ending uncertain tax positions | $ | 286 |  |  | $ | 444 |
Reported as: |  |  |
Noncurrent liabilities—Income taxes | $ | 286 |  |  | $ | 444 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration