XML 78 R62.htm IDEA: XBRL DOCUMENT v3.23.4
Income Taxes - Reconciliation of Income Tax Expense Computed Using U.S. Statutory Federal Tax Rate to Actual Income Tax Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Amount      
Income tax expense at the U.S. federal statutory tax rate $ 1,701 $ 1,403 $ 1,585
Research and development tax credit (227) (178) (118)
Foreign derived intangible income deduction (185) (176) (170)
Tax deductible dividends (69) (67) (65)
Excess tax benefits for stock-based payment awards (25) (42) (28)
Other, net (17) 8 31
Total federal and foreign income tax expense $ 1,178 $ 948 $ 1,235
Rate      
Income tax expense at the U.S. federal statutory tax rate 21.00% 21.00% 21.00%
Research and development tax credit (2.80%) (2.70%) (1.60%)
Foreign derived intangible income deduction (2.30%) (2.60%) (2.30%)
Tax deductible dividends (0.90%) (1.00%) (0.90%)
Excess tax benefits for stock-based payment awards (0.30%) (0.60%) (0.40%)
Other, net (0.20%) 0.10% 0.60%
Income tax expense 14.50% 14.20% 16.40%